Track market-moving stories before they get noisy

XDC Network (XDC) Tests Its Momentum: Break Free or Face Resistance?

Today

Updated 26 minutes ago

Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going

A liquidation flush took bitcoin to its lowest since early June before Micron's blowout earnings and SK Hynix's U.S. listing plans steadied the AI trade that crypto had been sliding alongside.

5:35 AM

Negative

MemeCore's M token suddenly crashes 80% with no clear trigger

The token fell from nearly $3 to about $0.50 in hours, wiping out close to $3 billion in market value, with no exploit or announcement to explain it. Onchain investigator ZachXBT warned in April that M's price had been propped up by insiders.

5:02 AM

Positive

Ripple's RLUSD stablecoin goes live in Japan after regulatory approval

Japan's financial regulator cleared the U.S. dollar-backed token as a new category of payment instrument, letting SBI VC Trade offer it to institutions and retail. RLUSD remains small, at about $1.7 billion.

4:53 AM

Neutral

BTC0.00%

Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.

The market has found a new support level and it could be tested following Thursday's U.S. inflation data.

4:32 AM

Negative

XRP slides 2.8% as weak bounce keeps $1 support in focus

Sellers broke another support level on heavy volume, while the recovery failed to reclaim the zone that would ease downside pressure.

4:29 AM

Negative

Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound

The token fell to about $59,000 before buyers stepped in, but the week's losses are steep across the board. A blowout Micron forecast lifted stocks and oil kept sliding, yet crypto did not follow.

Yesterday

7:52 PM

Neutral

Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish

In this week's edition of The Protocol Newsletter, we're looking at Ethereum's eventful week that started off with the launch of EthLabs, plus the layoffs at the Ethereum Foundation, and what this all means for the network.

7:48 PM

Positive

Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket

The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according to a Financial Times report.

5:18 PM

Binance withdraws Greek MiCA bid but vows to remain in Europe

The crypto giant must find a home base in the EU by July 1 or regulators will force the company to shut down operations for millions of regional users.

4:01 PM

Negative

BTC0.00%

Bitcoin falls below $60,000 as AI trade continues to draw investor interest and capital

South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.

4:00 PM

BTC0.00%

Crypto Long & Short: Infrastructure is the prevailing currency in digital assets

In this week's Crypto Long & Short, Nonco’s Caue Teixeira makes the case that regardless of which coin ultimately wins, infrastructure is the prevailing currency in digital assets. Then, using CoinDesk's liquidation feed, Liquibit Capital's Alen Pavlović finds that June's forced selling peaked near $68,000, days before bitcoin actually bottomed.

3:45 PM

Negative

SecondFi loses $2.4 million in Cardano wallet exploit

SecondFi was hit by three separate attacks exploiting a flaw in its wallet generation software. A further 129 million ADA was secured by the team before attackers could reach it.

3:42 PM

Negative

Trump's refusal to sign housing bill could delay Congress and imperil Clarity Act

As Congress prepared to celebrate the president's signing of the bipartisan housing bill that contains a CBDC prohibition, Trump abruptly cancelled the event.

3:23 PM

Neutral

Ex-FCA policy insider explains the ‘great divide’ in the UK’s crypto ambition

Former FCA policymaker and Hedera Global Policy VP, Isadora Arredondo says there is a gap between the U.K.'s crypto ambitions and how policy is carried out in practice.

2:47 PM

Negative

Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone

A 50% drop from recent highs has pushed the asset into a zone historically labeled as a dead end, sparking a debate among crypto analysts.

1:48 PM

Negative

Gold, silver and bitcoin tumble as 'debasement' trade unwinds

Precious metals have fallen sharply from their 2025 highs as markets price in Fed rate hikes.

1:42 PM

Negative

BTC0.00%

Bitcoin could fall to $55,000 before finding a bottom, 10x Research says

A strengthening U.S. dollar and the Fed's hawkish turn under new chair Kevin Warsh may keep pressure on crypto through the summer.

1:19 PM

Positive

CoinDesk 20 performance update: Aave (AAVE) gains 5.9% as index moves higher

Internet Computer (ICP), up 2% from Tuesday, joined Aave (AAVE) as a top performer.

1:00 PM

CZ, Binance founder, wants to clear up 'misunderstandings' about who he is

The former CEO of the world's largest crypto exchange is seeking to redefine himself to the world on his own terms.

Countdown to ETH Belgrade: Just One Month Away!

How WELL3 Is Revolutionizing Health With AI, Depin, and Crypto Rewards

The Telos Foundation is announcing a significant leadership transition. After a successful tenure, Lee Erswell will step down as CEO, and John Lilic, who has served as the Foundation’s Executive Director since January 2024, will take on the role of Chief Executive Officer.

John has been an active and visible leader within the Telos community, representing the Foundation at global events, driving strategic initiatives, and playing a key role in its growth. This transition marks an exciting new chapter for Telos as it continues to evolve and thrive in the decentralized technology landscape.

Reflecting on Lee Erswell’s Tenure Under Lee Erswell’s leadership, Telos has achieved significant milestones, positioning itself as a leading player in the blockchain industry. With the EVM 2.0 upgrade on the brink of going live—offering significant compatibility and stability enhancements—along with major strides in zero-knowledge proofs, the future of Telos has never looked brighter. Lee also oversaw the development and launch of Tekika, further strengthening Telos’ commitment to innovation and growth. His focus on scalability, security, and sustainability has laid a strong foundation for the platform’s continued success.

Reflecting on his time as CEO, Lee Erswell stated, “As I step down from my role as CEO, I am incredibly proud of what we’ve accomplished together. The innovations we’ve set in motion, like EVM 2.0 and ZK-proof technology, are pivotal steps in Telos’ journey. I am confident in John Lilic’s ability to lead the Foundation forward, and I look forward to supporting a smooth transition.”

Introducing John Lilic as CEO John Lilic, who has served as the Telos Foundation’s Executive Director since January 2024, brings extensive blockchain expertise to his new role as CEO. Prior to joining Telos, John played instrumental roles at ConsenSys and Polygon, where he contributed to the development of the Ethereum ecosystem and advised on Polygon’s rise as a leading scalability solution.

In addition to his technical achievements, John is recognized as one of the top 50 web3 angel investors globally. His experience and leadership have already been critical in driving Telos’ strategic growth, and he is well-positioned to guide the Foundation through its next phase.

At Telos, John will focus on: Transitioning Telos into a community owned Venture Production studio with a multitude of products in service of its community and expanding utility for the TLOS token. These include an L1, EVM, L2, accelerating ZK research and development, SNARKtor, and building Telos X, our own CEX powered by the Binance Link program. It is no longer sufficient to just be an L1 but rather we must create our own ecosystem and build our own suite of products in services of the Telos community.

John Lilic commented,

“My focus is to evolve Telos into a pre-eminent blockchain venture product studio, community owned, with a multitude of products and services, like Telos X, in support of our ecosystem. We will become more than just an L1.” Views from Telos Leadership Lee Erswell:

“The Foundation is in excellent hands with John at the helm. His deep understanding of the blockchain industry, coupled with his passion for Telos, will drive the platform to new heights. I am excited to see the community continue to thrive under his leadership. Thank you all for your trust and dedication—let’s continue to push Telos forward.” Raul Amoros:

“I am thrilled to welcome John as our new CEO. Over the past nine months, I’ve had the privilege of working closely with him and have witnessed firsthand his unmatched passion and dedication to Telos. I look forward to continuing our collaboration and am excited to work even more closely under his leadership.” John’s Message to Telos Stakeholders

The Telos Foundation extends its sincere gratitude to Lee Erswell for his outstanding leadership and dedication over the past year. His contributions have been instrumental in shaping Telos’ future. The Foundation looks forward to continuing its growth and innovation under John Lilic’s stewardship. We encourage our community and stakeholders to stay engaged and join us as we enter this exciting new phase of development.

Moonriver is an Ethereum-compatible smart contract parachain on Kusama, designed to serve as a companion network to Moonbeam by providing a permanently incentivized canary network. New code will be sent to Moonriver for testing and verification under real economic conditions before being deployed to Moonbeam on Polkadot.

This is achieved through a full EVM implementation, a Web3 compatible API, and bridges that connect Moonriver to existing Ethereum networks.

Moonriver (MOVR) ExplainedAs a decentralized smart contract platform, Moonriver utilizes a utility token for its operation. The MOVR token is central to Moonriver’s design and is indispensable for maintaining the platform’s core functionality. The uses of the Moonriver token include:

Supporting transaction fees for smart contractsEncouraging the creation and strengthening of a decentralized node infrastructure on which the platform can operateFacilitating the on-chain governance mechanism, including proposing referendums, electing council members, and votingPaying network transaction feesIn addition, Moonriver is designed to act as a smart contract platform that allows developers to redeploy Ethereum dapps with minimal friction in a substrate environment. This means that smart contracts powering Ethereum dapps don’t need to be rewritten or reconfigured for the Karura network. Substrate is a framework for creating new blockchains and blockchain applications that can run on Kusama and Polkadot networks.

Moonriver is intended to function as a “canary network” for Moonbeam on Polkadot, which means new code will be sent to Moonriver for testing and verification under real economic conditions before being sent to Moonbeam.

The native cryptocurrency of Moonriver, MOVR, is expected to play a significant role in maintaining and operating the Moonriver network. It is anticipated to be used for paying transaction fees, supporting smart contract execution, incentivizing block production to support the network, and facilitating Moonriver’s on-chain governance mechanism.

MOVR is expected to be voted on by community members using KSM, the cryptocurrency of Kusama, in a process known as Parachain Auction to launch as a parachain on Kusama.

Insights on MOVR CoinThe MOVR coin has attracted attention, especially after being listed on Binance, considered reliable due to the platform behind it and the platforms it cooperates with. However, investors are currently closely monitoring MOVR and proceeding with caution in their transactions.

How to Purchase Moonriver Coin?MOVR Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by transaction volume.

To buy MOVR Coin, one must first sign up for Binance and then send fiat currency. After sending a fiat currency like  dollars, one can buy Bitcoin (BTC), BUSD, Binance Coin (BNB), and Tether (USDT) to conduct a purchase transaction in the MOVR trading pair.

Additionally, on Binance, users can place an order to buy at not only the market price but also at a lower price. This can be done by using the Limit tab, where you enter the amount you want to buy and the price at which you want to buy.

dYdX Labs Announces August Product Roadmap Update and Rebrand

Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.

Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.

4 minutes ago

Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure

U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.

4 minutes ago

Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

4 minutes ago

2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

4 minutes ago

BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

4 minutes ago

Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

4 minutes ago

The Ethereum Foundation rattled the crypto market by unstaking about $50 million worth of ETH on Monday, May 11. It sparked concerns of a potential selloff owing to the organization’s previous transfer trend.

Ethereum Foundation Unstakes Over $49M In ETH On-chain data from Arkham Intelligence shows that the Ethereum Foundation has cashed out 21,271 ETH worth of nearly $49.66 million from its Ethereum staking positions via Lido. The transfers took place in several transactions that each had an estimated value of around $2.3 million.

Ethereum Foundation’s unstaking activity. Source: Arkham Intelligence As per blockchain records, each batch had approximately 811 wrapped staked ETH (wstETH) from the crypto staking platform. During unstaking, these assets have been deposited into Lido’s unstETH contract.

This transfer shifted the Ethereum Foundation’s ETH balance from nearly the top of its reported internal cap of 70,000 ETH, to roughly 52,965 ETH. Almost $50 million worth of ETH was also re-liquidated in the organisation’s treasury wallet.

According to data from Arkham Intelligence, the transfers were not necessarily due to an immediate market sale, but rather related to treasury rebalancing. The activity was seen as being part of normal management to ensure a liquid environment for ecosystem development and grant and operational costs.

When the queue of withdrawals on Lido is full, the assets will be converted from wstETH to liquid ETH. The amount of funds will only become available once the normal staking platform unlock period has passed.

Earlier, in April, the Ethereum Foundation had unstaked nearly $49 million worth of ETH at the time. It led to similar concerns as of today.

How Did The ETH Price React? However, the ETH price remained unresponsive to the withdrawal and hovered near $2,300. Experts believe that traders seemed to read the adjustment as a routine treasury adjustment, rather than an indication of notable selling pressure.

Being among the largest long-term holders on the Ethereum network, the Ethereum Foundation has been the subject of interest whenever it moves significant portions of ETH. To yield the ecosystem initiatives, the organization has started staking ETH since mid-2015.

The staking balance of the firm jumped massively this year. It rose from just above 2,000 ETH in February to nearly 70,000 ETH before the recent withdrawal.

Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.

Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.

4 minutes ago

Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure

U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.

4 minutes ago

Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

4 minutes ago

2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

4 minutes ago

BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

4 minutes ago

Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

4 minutes ago

Attackers drained roughly $2.1 million from a deprecated Thetanuts Finance vault in the latest Decentralized Finance (DeFi) exploit. Whitehat defenders recovered about $2 million in option tokens.

The breach hit an old vault that the protocol had already migrated from years ago. Thetanuts said the vault has no connection to its active products or current systems.

Inside the Thetanuts Vault DeFi ExploitBlockchain security firms flagged the incident on X (formerly Twitter). SlowMist traced the root cause of the integer division flaw in the contract’s mint function. 

Following the vault drain, the deposit formula evaluated to 0 due to rounding during integer division, allowing an attacker to mint tokens for free. The flaw ultimately enabled unlimited token creation.

PeckShield revealed that the exploiter swapped $105,000 in USDC (USDC) for around 60 Ethereum (ETH). The wallet still holds roughly $34,000 in option tokens.

Follow us on X to get the latest news as it happens

Thetanuts also addressed the exploit in a public statement.

“Our preliminary investigation indicates that this is once again, a deprecated vault that we have migrated from years ago. It has no relation to any of our current contracts or products. We will release a post-mortem once we get more details,” the team said.

The attack fits a pattern of exploits striking dormant or legacy code. Old contracts often stay live on-chain even after teams stop maintaining them.

BeInCrypto reported that attackers drained about $2.1 million from Aztec Connect, which was deprecated three years ago. A separate breach hit Raydium (RAY) legacy liquidity pools for roughly $1.3 million.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Analyst Names Top Altcoins to Buy After Recent Market Dip

The Power of Crypto Wealth: How New Millionaires Are Redefining Global Giving

The integrity of cryptocurrency trading volume is of growing importance for many stakeholders in the cryptoeconomy. Now, another service with big cryptoverse backers has arrived to further actualize “transparent data infrastructure” in the space.

On August 27th, cryptocurrency data company Nomics unveiled its new so-called Transparency Volume service, which the startup hailed as the first time a cryptocurrency market aggregator site “has designated a percentage of trading volume for a given cryptoasset as “transparent.”

As the firm explained in its announcement, its process for arriving at what volume data is considered reliable involves relying on cryptocurrency exchanges that provide high-quality data:

“Transparent volume represents the amount of volume deemed ‘trustworthy’ and high quality by Nomics. ‘Transparent Volume’ might just as well be called ‘Trustworthy Volume’ […] Specifically, transparent volume is the amount of volume for a given cryptoasset that’s moving through transparent exchanges (i.e. exchanges to which we’ve awarded an A+, A, or A- transparency rating).”

Nomics, which counts ecosystem stalwarts like Coinbase Ventures, Polymath Network, and Digital Currency Group among its investors, said the new service offering was considerably influenced by Bitwise Investments’s springtime report to the U.S. Securities and Exchange Commission (SEC).

That Bitwise report made waves in the space for asserting that approximately “95% of reported volume [to data aggregators] is fake,” suggesting many smaller cryptocurrency exchanges are not trustworthy.

Some Takeaways from Transparency Volume on Day One At launch, the new Nomics dashboard service indicated that the largest big-cap cryptocurrencies with the most transparent trading volume over the last 24 hours were BNB (33 percent), bitcoin (17 percent), Monero (15 percent), XRP (11 percent).

Less transparent among the top coins were litecoin (9 percent), EOS (8 percent), ether (7 percent), USDT (5 percent), and bitcoin cash (2 percent), according to the service.

Nomics suggested in their announcement that honing in on this kind of data could eventually help pave the way to the SEC approving a Bitcoin ETF in the United States:

“One of the SEC’s major concerns in approving a Bitcoin ETF is the percentage of trading volume that is unsurveilled and subject to manipulation, toxic influences, etc. Our transparent volume metric is intended to help institutions, state actors, and investors assess the percentage of reported trading volume for a given cryptoasset that is auditable and transparent.”

At press time, the cryptocurrency gave “A” transparency ratings to many of the space’s most recognizable trading platforms, including Binance, Coinbase Pro, Kraken, Bitstamp, Poloniex, Ethfinex, Gemini, and bitFlyer. Some of the firm’s “A+” platform’s included Deribit, IDEX, and Belfrics.

Toward Better Knowledge Some take cryptocurrency data at face value, but new understandings can be unlocked by approaching the data in different ways.

For example, the bitcoin dominance rate — the amount of the cryptoeconomy’s market cap that bitcoin (BTC) alone is responsible for — is currently hovering around 70 percent, according to most data aggregator sites.

But there might be a better way to compute that metric. For one, blockchain analytics firm Arcane Crypto recently released a report that the suggested the bitcoin dominance rate was actually above 90 percent in weighting all cryptocurrencies’ market caps against their trading volumes.

Another example is emphasizing “realized cap” stats instead of straightforward market cap data. As Coin Metrics’s Nic Carter has previously explained, the realized cap of bitcoin “roughly … measures the average cost basis of Bitcoin holders.” Notably, the original cryptocurrency’s realized cap just crossed the $100 billion USD mark.

Realized cap roughly (but not perfectly) measures the average cost basis of Bitcoin holders. It takes into account the price at which a given coin last changed hands (rather than treating them uniformly, as market cap does) https://t.co/lm2QDGoYsd

— nic ???? carter (@nic__carter) August 26, 2019

In a similar way, the aforementioned Nomics approaches the traditional metric of cryptocurrency trading volume in a new way so as to provide a more accurate depiction of the activity that is actually occurring.

Going forward, it seems likely that better data clarity could increasingly assuage regulators’ concerns toward the ecosystem.

William M. Peaster

William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster

Ethereum (ETH)-based games developer Illuvium (ILV) just announced that it is joining hands with Virtuals Protocol, a platform that allows users to create their own artificial intelligence (AI) agents that are capable of performing tasks autonomously.

In a series of posts on social media platform X, Illuvium says the partnership will allow it to tap on Virtuals’ GAME Framework, the protocol’s decision-making engine that enables AI agents to autonomously execute actions based on provided information.

[adinserter block="1"]

“We’re leveraging http://Virtuals.io’s modular framework to create autonomous, decision-making NPCs (non-playable characters) that enhance gameplay and interactions.”

Illuvium is optimistic that the collaboration will place it at the forefront of AI innovation as it anticipates improvements in its NPCs.

“Imagine AI-driven strategies, autonomous NPCs, and personalized player experiences – all within your favorite games…

With unparalleled decision-making capabilities, modularity, and scalability, we can focus on crafting immersive gameplay while http://Virtuals.io handles the complex AI infrastructure.”

Illuvium says players will see the AI innovations in the games Enhancing Overworld, Arena and Illuvium Zero.

Virtuals says its GAME framework will power virtual worlds.

“Gaming has been a core part of our thesis for AI agents from the inception of Virtuals, and we’re excited to put that plan into motion through this partnership with Illuvium. 

Unlimited choices made available to gamers, leading to emergent gameplay and infinite replayability. The world will be yours to shape as you see fit.”

Generated Image: Midjourney

Over the last week, liquid staking cryptocurrencies have been seeing a significant upside. All of these tokens have successfully moved into the green territory, recording double-digit gains for their holders. Although these digital assets seem to be following the general crypto market uptrend, there is another factor pushing up their prices.

Why Are Liquid Staking Crypto On The Rise? Liquid staking cryptocurrencies have been receiving more attention ever since the announcement that the Ethereum “Shanghai” upgrade is likely to take place in March 2023. This upgrade is important for the network because it will mean that staked ETH will finally be withdrawable.

Anticipation around this upgrade is already on the rise and liquid staking tokens are enjoying a good portion of this attention. Their popularity comes from the fact that they allow stakers to earn a yield on staked ETH even though they can’t withdraw their ETH. It also makes it possible for stakers to have tokens on hand which they can deploy on other protocols to further participate in the ecosystem.

Liquid staking protocols reward stakers with ETH-pegged tokens such as stETH and ankrETH and make it possible for ETH users to stake without having to become validators themselves. But instead of having to rely on centralized exchanges to do this, as was previously the case, these DeFi protocols are decentralized.

ETH price crosses $1,300 ahead of Shanghai upgrade | Source: ETHUSD on TradingView.com The higher earning potential of staking with liquid staking protocols has led to more demand for them. With the Shanghai upgrade coming, it is expected that more ETH will be moved to these protocols, leading to more demand for their native cryptocurrencies.

The Largest Liquid Staking Protocols The largest liquid staking protocol in the space now is currently Lido Finance. It accounts for around 30% of the total 15 million staked ETH, making it an important contender in the space. Its native LDO token has a market cap of $1.6 billion and its price is up 57% in the last 7 days.

Lido is the largest liquid staking protocol | Source: CryptoSlate Next in line is Frax Share whose price is up 21% in the last week. The digital asset’s market cap is almost $403 million, rewarding users with frxETH for their staked ETH at an 8% APR. This is the highest APR of any liquid staking protocol. 

Rocket Pool takes third place with a market cap above $260 million and is up 18% in the 7-day period. But in terms of ETH deposited, it is one of the highest, accounting for around 6.5% of the total market share.

Others include Ankr Protocol which is up 26% in 7 days, as well as Stafi, pStake Finance, and StakeWise, all of which are up 32%, 20%, and 10%, respectively, in the same time period. 

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Medium, chart from TradingView.com

Ethereum 2.0 Test Network Supporting Multiple Clients Launched

Ethereum 2.0 Testnet Underway With Genesis Block Mined and Over 18,000 Validators

ETH Exchange Balance Reaches 3-Year High as Craze for Ethereum Staking Builds

Nervos Network (CKB) Skyrockets by 100%, Price Correction Ahead?

CKB, MPEPE & Ethereum: Nervos Network and Mpeppe (MPEPE) Gain Significant Support Ethereum ICO Investors For More Profits

Two Major Crypto Hacks Kick Off June with Over $15 Million in Losses

Is This the Next Big Crypto Shift? Quantum Tokens Hit $9 Billion

11/20 update below. This post was originally published on November 19

Bitcoin, ethereum and smaller cryptocurrencies have plunged over the last month as crash fears suddenly sweep through the market.

Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market

The bitcoin price has dropped under $100,000 per bitcoin, giving up the psychological level and dragging ethereum and other major cryptocurrencies lower even as analysts claim the liquidity “flood gates” have been opened.

Now, as traders brace for a potential $1 trillion bitcoin and crypto market crash, the threat to crypto from quantum computers has led to ethereum cofounder and the project’s spiritual leader Vitalik Buterin warning elliptic curve cryptography could break before the next U.S. presidential election in 2028.

Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run

Forbes‘Flood Gates Are Now Being Opened’—Bitcoin Braced For Trump ‘Tsunami’ As He Promises 2026 Price Game-ChangerBy Billy Bambrough

MORE FOR YOU

Vitalik Buterin, a cofounder of ethereum, the second-largest cryptocurrency after bitcoin, has issued a stark warning over ethereum's future.

AFP via Getty Images

“Elliptic curves are going to die,” Buterin warned, referring to one of the foundational pillars of bitcoin, ethereum and crypto encryption, during the Buenos Aires Devconnect conference in comments reported by DL News.

11/20 update: Ethereum cofounder Vitalik Buterin has also warned that the growing influence of Wall Street giant BlackRock over cryptocurrencies including bitcoin and ethereum could cause problems for the networks.

“How do you avoid capture by big behemoths like BlackRock?” Buterin was asked on stage, according to a DL News report, referring to a surge of institutional interest after the launch of BlackRock’s bitcoin and ethereum exchange-traded funds (ETFs) in early 2024.

Buterin warned that if BlackRock and other large institutions keep expanding their ethereum holdings, the network faces the possibility that those focused on decentralization get crowded out and base-layer choices are optimized for institutions, making it harder for regular users to run nodes, and in turn driving centralization.

“It easily drives other people away,” Buterin said. “We need to focus on the things that would otherwise be in short supply: global, permissionless, and censorship-resistant protocol."

This week, BlackRock registered a staked ethereum fund in Delaware, signaling its intent to enter the staked ether ETF market, while its flagship ethereum ETF now holds $10 billion worth of ethereum.

Last month, Google claimed a breakthrough in quantum computing, following in Microsoft’s footsteps after it unveiled a new quantum-enabling chip in February.

These and similar developments have catapulted quantum computing’s risk to bitcoin, ethereum and crypto up the agenda.

“Given the current staggering rate of hardware progress, I now think it’s a live possibility that we’ll have a fault-tolerant quantum computer running Shor’s algorithm before the next U.S. presidential election,” quantum computer researcher Scott Aaronson wrote in blog post this month, referring to how a quantum computer could break the encryption that underpins cryptocurrencies like bitcoin and ethereum.

The “magnitude of the threat that quantum poses to all blockchains,” has given crypto investor Nic Carter “an urgent sensation like I have to act on it now with as much intensity as I can muster,” he posted to X.

Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market

ForbesJPMorgan Just Called The Bitcoin Price Bottom—Predicts Massive $28.3 Trillion Gold Challenge In 2026By Billy Bambrough

The bitcoin price has dropped sharply over the last month, dragging down ethereum and other major cryptocurrenices.

Forbes Digital Assets

"We don’t need to panic, but we need to get serious," Alex Pruden, the chief executive of quantum computing risk company Project 11 posted to X, adding that “quantum computers at sufficient scale will break crypto at the most fundamental level imaginable.”

Meanwhile, bitcoin developers have also been warned they need to prepare for the post-quantum world that could become a reality by 2030.

“You should have a few good years ahead of you but I wouldn’t hold my bitcoin,” Théau Peronnin, the chief executive of Alice & Bob, told Fortune during the Web Summit conference in Lisbon, Portugal.

“They need to fork [move to a stronger blockchain] by 2030, basically," Peronnin said. "Quantum computers will be ready to be a threat a bit later than that."

Bitcoin’s price has shown strength over the past 48 hours and is now trading in the mid-$90,000s after days of consolidating around $90,000. Technical analyst Jackis presented a fair assessment of potential paths for Bitcoin’s next significant rise in the context of near-term consolidation and attempted breakouts above $95,000, outlining distinct scenarios for both bulls and bears.

Both Outlooks Have A Case, But Price Has To Confirm Bitcoin is now back to trading above $95,000 after a 3.1% increase in the past 24 hours. Price action in the past 24 hours alone shows that the outlook might be bullish. However, as it stands, Bitcoin’s price action has reached a point where traders should let the chart tell them what’s next. 

According to a technical analysis from a crypto analyst known as Jackis on the social media platform X, arguments alone are not enough here because there are both good bullish & bearish arguments out there for Bitcoin. In his words, he has watched similar-looking price action resolve in opposite directions across different cycles. 

Source: Chart from Jackis on X The chart below shows how Bitcoin price action is currently forming an ascending triangle pattern on the 8-hour candlestick timeframe chart. However, examples show how this same formation led to an upward reversal for Bitcoin in the past and then also a bearish continuation for Ethereum in the past.

Based on his read, he currently sees more reasons for downward continuation, and until the market proves otherwise, the active trend is bearish. Both bullish and bearish outlooks have a case, but price action has to confirm.

Bullish And Bearish Scenarios For Bitcoin Once price breaks out in either direction, the follow-through can be fast, which means being stubborn on the wrong side can be costly. 

On the bullish side, Jackis highlighted that a breakout toward $96,000 is the kind of move that would confirm a bullish continuation. He added that a push through $96,000 at this point could open the path to $107,000 or higher.

On the other hand, Jackis’ bearish trigger is tied to the rising support line. Price action can look constructive right up until the trendline snaps, and that’s the point where downside continuation becomes the higher-probability route in this framework.

If Bitcoin were to lose the lower trendline of the ascending trend, then it would likely drift back to the April 24 lows. The April lows refer to how Bitcoin rejected above $106,100 in January 2025 and entered into a multi-month correction that eventually bottomed at a low around $76,000. 

This means that a clean breakdown could change the conversation away from range chop in the mid-$90,000s to a reset.

BTC trading at $95,023 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com