Track market-moving stories before they get noisy

PANews reported on May 11th that, according to SoSoValue data, the cryptocurrency market is generally trending upward, with the PayFi sector performing particularly well, rising 3.26% in the last 24 hours. Specifically, XRP rose 3.29%, Trust Wallet (TWT) rose 6.55%, and eCash (XEC) rose 12.85%. Meanwhile, Bitcoin (BTC) rose 1.17%, returning above $81,000; Ethereum (ETH) rose 1.75%, approaching $2,400.

In other sectors, Layer 2 rose 2.76% in the last 24 hours, with Mantle (MNT) up 4.12%; DeFi rose 2.56%, with Uniswap (UNI) up 7.72%; Meme rose 2.25%, with TROLL (TROLL) surging 50.14%; Layer 1 rose 2.08%, with Sui (SUI) up 24.00%; AI rose 1.85%, with Unibase (UB) up 13.24%; and CeFi rose 1.57%, with Cronos (CRO) up 6.53%.

MegaETH has activated a MEGA token buyback program funded entirely by net revenue from its USDm stablecoin, turning Treasury‑backed yield into a standing bid for its “real‑time Ethereum” L2 token after a sharp post‑launch selloff.

Summary

The MegaETH Foundation has kicked off a MEGA token buyback program, completing its first purchase using all net earnings generated by USDm through the end of April. USDm’s current supply is about $480 million, and future MEGA buybacks will run programmatically, with size determined by USDm supply and yield on its reserve assets. The foundation stresses that USDm is not issued or operated by MegaETH or MegaLabs, even as its revenue stream becomes a core economic engine for MEGA demand. The MegaETH Foundation says its MEGA token buyback plan is now live, with the first repurchase funded entirely by net earnings from USDm accumulated through the end of April. In an announcement on X, the foundation said it had “completed the first MEGA buyback using all net income generated by USDm’s issuer as of April 30,” framing the move as the start of an ongoing demand loop where the ecosystem’s stablecoin revenue is recycled into the native token.

MEGA buyback goes live, tied directly to USDm revenues Importantly, the foundation reiterated that “USDm is not issued or operated by the MegaETH Foundation or MegaLabs,” clarifying that the stablecoin’s issuer is a separate entity even though its economics are tightly coupled to MEGA. USDm is a yield-bearing stablecoin built on Ethena’s USDtb rails, with reserves primarily invested in BlackRock’s tokenized U.S. Treasury fund BUIDL via Securitize, alongside liquid stables for redemptions. Those reserves generate a predictable yield, which flows to the USDm issuer and, under the new scheme, is then used as the funding source for MEGA buybacks.

CoinMarketCap’s overview of MegaETH notes that the MEGA token has a fixed supply of 10 billion and is used for gas, staking and governance within the “real-time Ethereum” L2, which targets sub-millisecond latency and over 100,000 transactions per second. By tying MEGA buybacks to USDm’s revenues, the foundation is effectively turning stablecoin growth and on-chain economic activity into a direct support mechanism for MEGA’s price and scarcity.

Programmatic buybacks, variable size, and market impact According to the foundation, future MEGA buybacks will be executed “as programmatically as possible,” running automatically according to preset rules instead of being manually timed by the team. The size of each operation “will not be fixed,” it said, but will depend on “changes in USDm supply and the yield of the underlying reserve assets,” meaning that as USDm circulates more widely and its Treasury-backed yield rises or falls, the buyback firepower will adjust in tandem.

Earlier this year, the MegaETH Foundation outlined a broader economic model in which USDm functions as an “economic engine” for the L2: yield from its reserves is used to subsidize sequencer costs and network fees and, now, to fund ongoing MEGA purchases from the market. MEXC’s summary of the plan notes that USDM (often stylized as USDm) “is backed by Ethena and BlackRock’s BUIDL fund,” and that the project will “trigger MEGA token generation based on KPIs” such as reaching $500 million in USDm circulation, launching 10 apps on MegaETH, or having at least three apps generate $50,000 in fees for 30 consecutive days. DefiLlama data show USDm’s broader MegaETH stablecoin stack now has a market cap of about $810.6 million, with USDm itself accounting for roughly 58% dominance, implying a USDm supply in the neighborhood of $470–$480 million.

The timing of the first buyback is notable. AInvest reported that MEGA fell about 38% from its April 30 launch price to $0.138 amid heavy post‑TGE selling pressure from early participants. CoinMarketCap’s explainer on MegaETH says the ecosystem was designed from the outset to “use its native stablecoin’s reserve yield to fund MEGA buybacks,” positioning this week’s announcement as the moment when that theoretical flywheel actually starts to spin. If USDm continues to grow and on-chain yields remain robust, the programmatic buyback mechanism could become a persistent marginal buyer of MEGA in secondary markets, linking the token’s long-term value more tightly to real usage and stablecoin demand rather than one-off hype cycles.

Ethereum co-founder Vitalik Buterin has announced a unique experiment that is supposed to test the limits of artificial intelligence and privacy. 

Buterin has dared the internet to unmask an anonymous document he authored with the help of any AI tool at their disposal. 

Buterin's secret document Buterin aims to test the recent claims that AI-driven writing-style analysis could make online anonymity pretty much impossible, which has become the most recent scare linked to the newfangled technology. 

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Buterin revealed that he authored an anonymous document related to Ethereum that was published sometime between 2020 and 2026.

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The text is of "moderate importance." He has estimated that it ranks among 200 to 2,000 Ethereum-related publications of similar or greater importance. 

Buterin stated he was willing to "cannibalize" a piece of his own anonymity to pull off the rather ambitious experiment. 

At press time, no one has publicly confirmed a successful identification of the document.

Could AI end anonymity? Stylometry, the statistical analysis of a person's linguistic style, has been used for decades for resolving authorship disputes or other purposes. It would typically require very vigorous manual analysis, which was extremely labor-intensive. 

However, with the advent of highly advanced generative AI, stylometry has become way more efficient. These models are capable of deciphering an author's unique writing style in mere seconds.

Buterin, a prolific writer, has an extensive corpus of publicly available writing (blog posts, Ethereum Improvement Proposals, research papers, forum comments, social media posts, and so on). 

If AI does manage to successfully identify Buterin's anonymous work, it could raise massive alarms regarding privacy. Conversely, if AI fails to find the document, it will show that pseudonymous contributions may still be secure despite the massive progress of AI. 

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.

15 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.

15 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.”

15 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.

15 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.

15 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.

15 minutes ago

PANews reported on June 10th that, according to The Block, Consensys CEO Joseph Lubin stated that Ethereum is expected to evolve into a protocol entirely based on zero-knowledge proofs (ZK proofs) within the next 3 to 5 years. This will enhance Layer 1 performance through solutions like "Lean Ethereum" and improve composability with various Layer 2 protocols. Lubin stated that current L2 protocols such as Linea and Gnosis have implemented real-time ZK proofs for cross-network synchronous transactions, and in the future, they may enable a single atomic execution environment without bridges, thereby unifying fragmented liquidity. He emphasized that the initial intention of the Rollup approach was to allow L2 to sacrifice some pricing power in exchange for technological exploration, and it is currently moving from a "divergent phase" to a "convergent phase" focused on composability. He also denied the emergence of a "second foundation," stating that the Ethereum Foundation will have at least three teams spun off to focus on protocol, usability, and institutional expansion.

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Livepeer has surged by over 14% and is now trading at $8. LPT’s daily trading volume has skyrocketed by more than 498%. Bearish momentum continues to weigh on crypto assets with the largest assets, Bitcoin (BTC) and Ethereum (ETH), tumbling toward $104.7K and $2.6K, respectively. All the major assets are trading within the red territory. In the meantime, Livepeer (LPT) has stood out from the crowd with a 14.25% surge in the last 24 hours. 

Livepeer has kicked off the day trading at the bottom range at $7.57. The sudden bullish encounter in the market has triggered the price to ascend to its daily high of $10.71. Crucial resistance between the $8.75 and $9.50 zones was tested and confirmed the bullish wave. 

Livepeer, with its market cap at $366.26 million, is trading at the level of $8.88. Moreover, the daily trading volume has exploded upward by over 498%, reaching $1.06 billion, as per CMC data.  Notably, the market has experienced a $4.08 million liquidation of Livepeer, according to Coinglass. 

LPT has registered an increase of over 58.80% in the last seven days. The asset began the week trading in the $5.60 range. The bullish pressure has pushed the price to mount to a high of around the $13 mark. 

Is Livepeer’s Uptrend Here to Stay? Livepeer has reported a positive trading sentiment in the market with its solid gain in the recent session.  The asset might climb above the $9 range to strengthen the momentum. Gradually, a golden cross could likely unfold and trigger the asset to move up toward the $10 threshold.

Assuming the ongoing trend reversal of the asset, the price could slip to its recent low at around the $8.70 mark. Should Livepeer lose this support, the bears gain enough power to invite the death cross to take place, pulling the price back to its established low at the $8 level. 

In addition, the asset’s Moving Average Convergence Divergence (MACD) line is positioned above the signal line. This suggests a bullish signal in the market, and the buying pressure may increase. More upside could be underway. Livepeer’s Chaikin Money Flow (CMF) indicator is resting at -0.06, indicating a slight bearish sentiment, with the money flowing out of the asset. There has been more selling pressure than buying. 

Furthermore, the daily Relative Strength Index (RSI) value of 52.12 hints at a neutral momentum with a slight bullish bias; the asset is neither overbought nor oversold. Livepeer’s Bull Bear Power (BBP) reading is found at 0.219, signalling that the bulls are moderately dominant over bears, supporting the short-term bullish outlook.

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Livepeer jumps over 36%, holding around the $8 mark. LPT’s daily trading volume has skyrocketed by 942%. The crypto assets are displaying mixed waves, with neutral sentiment across the market. Most of the assets are dipped in green, and a few struggle in red. Notably, Bitcoin (BTC) and Ethereum (ETH) are hovering at $110.6K and $4.5K. Following suit, Livepeer (LPT) has jumped by over 36.15% in the last 24 hours. 

LPT kicked off the day trading on the downside, at a low of $5.96. A sudden and steady shift in momentum pushed the bulls, and the price moved to a high range at around the $8.67 range, breaking the resistance between $5.96 and $8.67 zones. 

As per CoinMarketCap data, at the time of writing, Livepeer traded at the $8.13 mark, with its market cap reaching $354.78 million. In addition, the daily trading volume of LPT has exploded by over 942%, likely touching $367.2 million.

What is the Next Price Move for Livepeer? If the Livepeer bulls enter, the price could climb and test the immediate resistance at $8.19. With the sustained upside correction, the asset might trigger the emergence of the golden cross and initiate a rally. The price is heading toward the $8.25 threshold. 

Assuming the fading of the bullish sentiment and the bears gain momentum, the price might plummet to find its nearby support at the $8.07 zone. Upon a failure in holding this price level, a death cross of Livepeer could form, sending the price below $8.01.

Livepeer’s Moving Average Convergence Divergence (MACD) line is above the zero line, but the signal line is below zero, likely showing mixed momentum. This hints at the trend trying to shift upward, but it has not been fully confirmed yet. 

Besides, the Chaikin Money Flow (CMF) indicator, which evaluates the capital flow into the asset, is currently found at 0.10, pointing to mild buying pressure in the market. Also, the money is flowing into the asset, but not very strongly. 

Moreover, the asset’s daily Relative Strength Index (RSI) at 80.15 signals a strong overbought condition in the market. There is also a high risk of a pullback or correction. Livepeer’s Bull Bear Power (BBP) value of 2.605 implies that the bulls are currently dominant. The higher the value, the stronger the buying momentum compared to selling.

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Livepeer has jumped by over 20%, trading at $3.45. LPT’s daily trading volume has exploded by 1,378%. The current market momentum is bearish, with the major assets struggling to break free from the red zone. All the recent gains are fading, and the largest assets, like Bitcoin (BTC) and Ethereum (ETH), are attempting to escape the bear market. Among the altcoin pack, Livepeer (LPT) has registered a 20.64% jump in value over the last 24 hours. 

In the early hours, the asset traded at a bottom of $2.80. A sudden bullish encounter has triggered the LPT price to mount toward a high range of $3.57. It has tested and broken the crucial resistance zones to confirm the building uptrend. Livepeer is currently trading at around $3.45, with its daily trading volume having exploded by 1378% to $144.97 million. 

Livepeer’s four-hour trading chart exhibits the growing bullish zone. If the bulls gained more power, they could climb to the $3.66 resistance. Further upside likely initiates the golden cross formation and sends the asset’s price toward the $3.87 zone or even higher. 

Conversely, upon the asset’s bullish tone fades, the Livepeer price could slip to its immediate support at the $3.24 mark. Assuming it fails to hold this level, the bearish correction strengthens and triggers the emergence of the death cross, pushing the price below $3.03.

Livepeer Gains Bullish Traction as Indicators Show Uptrend Potential Zooming in on the technical chart of Livepeer, the Moving Average Convergence Divergence (MACD) line is above the zero line while the signal line remains below zero. This points to a transition phase in momentum, and the bullish momentum is starting to build, but it has not been fully confirmed yet.

Besides, the Chaikin Money Flow (CMF) is a technical indicator that evaluates the capital flow into the asset. The value sits at 0.14, showing moderate buying pressure, and the capital is flowing into the asset. The momentum of LPT is not very strong, but more upside would strengthen the bullish trend.

Livepeer’s daily Relative Strength Index (RSI) of 62.10 indicates moderate bullish sentiment. It is leaning toward the overbought zone, and the buyers are in control. Notably, a pullback could occur if the value continues to climb toward 70. In addition, LPT’s Bull Bear Power (BBP) reading resting at 0.355 suggests bullish dominance. Significantly, the upward pressure is outweighing the selling pressure, but it is still moderate.

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Gold (XAU) and silver (XAG) futures have climbed into the top five by trading volume on Binance Futures.

Binance Metal Rush Doesn’t Leave Crypto Behind Just weeks after Binance rolled out gold and silver perpetual futures settled in USDT, the cumulative volume across the metals contracts already reached the tens of billions of dollars, a CryptoQuant report from yesterday claims.

However, CryptoQuant’s analyst Marteen assures that Binance is still overwhelmingly crypto‑native. Bitcoin leads the futures volume around the low‑$20‑billion range with Ethereum following behind at $18.1B and Solana at a distant third at $3.0B. But the metals’ rise into the top bucket shows non‑crypto assets are no longer a sideshow. Gold is already in 4th place at $2.15B, and silver is right behind it at $1.98B.

Marteen’s conclusion is simple. Binance still leans heavily toward crypto, but it has outgrown being a pure crypto venue. Commodities have soaked up liquidity at speed, and equity‑linked products are now starting to see meaningful flow as well.

[Binance] – Snapshot Futures Volume – April 1st, 2026. Source: CryptoQuant. Binance Joins The Oil Rush Too According to WuBlockchain, Binance’s new “TradFi” futures suite (gold, silver and stock‑linked products) has rapidly captured a meaningful share of overall derivatives activity on the platform.

On April 2, the first full trading day after launch on Binance, USDⓈ-margined perpetual contracts for crude oil assets CL and BZ recorded trading volumes of $760 million and $358 million respectively, ranking third and fourth among Binance TradFi perpetual products. Meanwhile,… pic.twitter.com/PoROHzQsur

— Wu Blockchain (@WuBlockchain) April 3, 2026

Crude oil benchmarks CL and BZ posted volumes of $760 million and $358 million dollars respectively, placing them third and fourth among Binance’s traditional‑finance perpetual products.

Daily Volume by Symbol. Binance TradFi-USDT Perp. Source: WuBlockchain. Trading activity, however, remains dominated by gold (XAU) and silver (XAG), which together generated $5.58 billion in daily volume, makin up more than 70% of the total.

Are Crypto Venues Morphing Into Multi‑Asset Trading Hubs? Let’s keep in mind that Binance is not the only crypto venue experiencing such a dramatic shift. In recent weeks, Hyperliquid has been under the spotlight for many reasons, but one of the main ones is that the leading perp DEX’s combined HIP-3 (oil, gold and silver) open interest reached all-time highs. The platform is now trading more volume in tokenized commodities than digital assets. Just yesterday, NewsBTC reported that tokenized Brent oil futures on Hyperliquid generated about $46.6 million in liquidations in 24 hours, making oil the third‑most liquidated asset on the decentralized exchange.

Gold Perpetual Contracts on Binance right now, showing the performance. They are trading for almost $4.7k Source: XAUUSDT.P on Tradingview. Gold and silver have been ripping on the back of inflation worries, rate‑cut bets and geopolitical stress. Binance is joining the 24/7 RWA’s trading hub bandwagon by effectively letting traders express those macro views with high leverage and stablecoin collateral, instead of using legacy commodity exchanges.

Gold and silver breaking into the top five on Binance Futures is a signal that the line between crypto and TradFi markets is dissolving, with liquidity, speculation and hedging all moving onto the same rails.

A portion of derivatives capital rotating into metals and stock‑linked contracts can thin order books and amplify volatility in smaller altcoins during risk‑off episodes.

Silver Perpetual Contracts on Binance right now, showing the performance and technicals. They are trading for almost $73. Source: XAGUSDT.P on Tradingview. Sophisticated players might use metals futures on Binance as a hedge against crypto drawdowns. Correlation regimes between BTC and gold (as the one between oil and Bitcoin explained by NewsBTC yesterday) could shift as both trade on the same venue. Ignoring this new macro layer on Binance’s futures board could mean missing an important signal about where “smart” derivatives flow is going.

At the moment of writing, BTC trades for almost $67k on the daily chart. Source: BTCUSD on Tradingview. Cover image from Perplexity. All charts from Tradingview.

BitDAO, a decentralized autonomous organization with a treasury worth over $1.7 billion, has launched an Ethereum Layer 2 network called Mantle, the DAO announced on Wednesday.

Mantle is a modular Ethereum Layer 2 chain. Modular networks are a new way of designing blockchains and are different from the older monolithic chains, where all network functions happen on the base layer. On modular blockchains, there are separate layers for network consensus, transaction execution and settlement, as well as data availability. This type of design is said to create networks that are more efficient and have greater scalability.

BitDAO’s Layer 2 network stack has three distinct layers, according to the announcement. One layer is for transaction execution while the other two handle transaction finality and data availability, respectively.

Mantle is BitDAO’s attempt to solve some of the challenges facing Layer 2 networks, a spokesperson for the DAO told The Block. “BitDAO aims to bring the spotlight back from Alt-L1s to Ethereum and give market participants the best web3, DeFi and GameFi have to offer,” said the spokesperson.

Mantle will reportedly offer superior features compared to other Layer 2 networks. BitDAO’s Layer 2 network will come with faster throughput and low fees, and be powered by a decentralized data availability layer, the announcement stated. Transaction fees on Mantle will be paid using BitDAO’s governance token, BIT.

EigenLayer, an Ethereum middleware platform, is one of the partners in the project. As such, early adopters can use EigenDA, a custom-built data availability layer designed by EigenLayer that supports Optimistic and ZK-Rollups — the two major types of roll-up technology.

Wednesday’s announcement marks the soft launch of the Layer 2 network. Mantle is expected to roll out an incentivized public testnet next year.

A BitDAO spokesperson confirmed that DAO partners can deploy protocols on Mantle when launched. Unlike most DAOs built around specific DeFi projects, BitDAO is more of an investment DAO. BitDAO’s mandate is to grow the web3 ecosystem by providing grants to projects and supporting web3-based research activities. BitDAO has the second-largest DAO treasury in the crypto space.

“Mantle will serve as the connective tissue for various BitDAO initiatives, such as projects from Game7, research from EduDAO, to the ecosystem of dApps being enabled by BitDAO," said jacobc.eth, product head at BitDAO’s Windranger Labs, adding: "Mantle is BitDAO’s demonstration to scale Ethereum and web3, enabling a whole new generation of use cases and innovations.”

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BitDAO launches testnet for Ethereum Layer 2 network Mantle

BitDAO’s governance token BIT has maintained its price following a weekend surge that occurred after Mantle, a layer 2 network compatible with the Ethereum Virtual Machine (EVM), submitted a proposal on Sunday to introduce a $200 million ecosystem fund to the BitDAO community.

BitDAO, one of the world’s largest decentralized autonomous organizations (DAO), saw its token jump from about 55 cents on Saturday to abut 60 cents on Sunday, a gain of roughly 5%, according to TradingView data. The rise pushed BIT ahead of bitcoin BTC$61,650.42 and ether (ETH) as one of the weekend’s best performers.

In the past 24 hours, the token has continued its uptrend, trading at $0.6120 at the time of publication — its highest price in a week.

BitDAO’s fund aims to pour money into more than 100 early-stage investment projects building on the Mantle Network over the next three years. The fund is part of a larger strategy to incentivize developers to build on the modulated layer 2 network and drive its wider adoption.

At $200 million, the fund is double the size of prolific decentralized exchange Polygon’s $100 million fund that was announced last spring and is larger than Injective’s decentralized finance (DeFi) adoption fund, launched in January.

BitDAO has performed well in recent weeks after taking a hit during the unraveling of centralized cryptocurrency exchange, FTX. The token plunged 20% in November, prompting fears that Sam Bankman-Fried’s now-defunct Alameda Research had been quietly liquidating its BIT supply in violation of BitDAO’s agreement with the quant crypto trading firm.

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Why Brazil and XDC Network Are Winning the RWA Race

XDC price is consolidating just above $0.03 as tokenized debt deals, trade-finance pilots and an Ethereum-aligned upgrade deepen its role in enterprise RWA infrastructure.

Summary

XDC Network is trading around $0.032 per token, with a market cap near $640 million and 24-hour volume in the mid-teens of millions. Price has inched higher by roughly 2–3% over the last day, but remains down on the week, reflecting a slow grind after a broader altcoin pullback. Recent upgrades, tokenized debt deals and trade-finance pilots signal growing real-world asset usage even as speculative flows stay modest compared with higher-beta altcoins. XDC Network (XDC), a hybrid Layer-1 focused on enterprise and trade-finance applications, is currently changing hands at about $0.032 per coin, according to both Binance and third-party price aggregators. Binance lists the live XDC price at $0.03206, with a market capitalization of roughly $639.15 million and 24-hour trading volume of $16.29 million, based on a circulating supply of 19.94 billion XDC. A parallel snapshot from 3Commas shows XDC at $0.03214, a 2.8% gain over the last 24 hours, on a $14.73 million trading volume and market cap of $640.9 million.

Historical data from Yahoo Finance place XDC’s recent trading range between $0.0304 and $0.0324 over the past several sessions, underscoring how the token has been consolidating just above $0.03 after earlier weakness in March. CoinMarketCap’s price-history table likewise records daily closes clustered in the $0.031–$0.034 band throughout early March 2026, with no single breakout day but a sequence of tight ranges. That pattern contrasts with the sharp spikes seen in high-volatility memecoins, and instead reflects more measured spot flows into and out of a large-cap infrastructure asset.

Network fundamentals and institutional traction Under the hood, XDC Network markets itself as an EVM-compatible, enterprise-grade blockchain for real-world asset tokenization, cross-border payments and trade-finance settlement, placing XDC in the RWA and L1 categories rather than pure DeFi or meme segments. CoinGecko reports a circulating supply of 16 billion XDC in another widely used dataset, with a fully diluted valuation of roughly $3.49 billion assuming a maximum supply of 38 billion tokens. That configuration gives XDC one of the larger RWA/L1 market caps, even if daily volume remains below the most aggressively traded smart-contract platforms.

February’s XDC Network update outlined several major developments that help explain why institutions are watching the chain even as price moves remain subdued. The network completed its v2.6.8 “Cancun” upgrade at block 98,800,200, aligning with Ethereum’s Cancun standard and introducing EIP-1559-style fee mechanics, improved EVM efficiency, and stronger consensus performance on mainnet. Separate to the protocol changes, XDC supported a $75 million tokenized debt issuance in Brazil, expanding its Latin American footprint and positioning the chain as a settlement layer for structured credit in emerging markets.

XDC within the RWA and hybrid-L1 landscape The combination of hybrid architecture, compliance-by-design tooling and EVM compatibility has led some industry observers to describe XDC as part of a blueprint for institutional-grade blockchain adoption in 2026. At the same time, market data from CoinGecko show 24-hour XDC trading volume around $46.1 million on certain days, a figure that has recently risen by over 11% in a single session, signalling that liquidity is gradually deepening as more venues list the token.

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Key NotesThe Telos network intends to disrupt the DeFi ecosystem with its zkEVM platform which will be launched by the end of next year.TLOS price has rebounded over 30 percent in the past two weeks amid the ongoing crypto bullish outlook. After successfully launching the Telos EVM in 2021 to enhance web3 compatibility across different chains, the Telos Foundation has announced the development plans for its SNARKtor-powered  Zero-Knowledge Ethereum Virtual Machine (zkEVM) with a hardware acceleration. The veteran layer one (L1) blockchain intends to attract more decentralized applications (Dapps) developers amid the mainstream adoption of digital assets and web3 protocols.

Throughout the zkEVM development plan, the Telos Foundation has placed its native coin, TLOS [NC], at the centers to enhance its utility. The Telos Foundation has set the zkEVM development plan to continue until the fourth quarter of 2025.

What to Expect on Telos zkEVM Development Plan The Telos zkEVM roadmap will involve both the mainnet and testnet, whereby the core development team intends to subdivide the tasks in different quarters. By the end of the fourth quarter of 2024, the Telos team intends to deploy the TLOS hardware accelerated zkEVM in the testnet. In this stage, the Telos team plans to make the TLOS token the main token for optimizing operations.

In the first quarter of 2025, the Telos team intends to deploy the zkEVM version on the Ethereum mainnet. By the end of the second quarter, the Telos team plans to roll out the initial SNARKtor integration in the testnet to seamlessly aggregate multiple ZK proofs.

In the third quarter of 2025, the Telos Foundation announced that it will introduce the full SNARKtor integration in the testnet.  By the end of next year, the Telos team intends to deploy the full SNARKtor integration on the mainnet.

https://t.co/WPx2PVazLb

— The Telos Foundation (@HelloTelos) September 26, 2024

Market Impact The Telos ecosystem has grown to hundreds of web3 protocols over the years since its launch in 2018. The Telos network consists of wallets, bridges, oracles, metaverses, Launchpad, Blockchain Explorer, and DeFi. Some of the DeFi projects that leverage the Telos network include VaporFi, OpenOcean, TokensFarm, and Steer Protocol, among others.

The successful launch of the Telos zkEVM by late next year will attract more DeFi protocols from other chains, thus increasing its mainstream adoption. Ultimately, the demand for TLOS will grow exponentially, thus increasing its overall on-chain activities.

Following the announcement, TLOS price gained around 2 percent in the past 24 hours to trade at about 30 cents at the time of this report.

The small-cap altcoin, with a fully diluted valuation of about $123 million and a daily average traded volume of around $18 million, has pumped around 30 percent in the past two weeks.

As a result, TLOS’s price is well positioned to rally towards its all-time high (ATH) in the coming months.

In the weekly derivatives time frame, TLOS price against the US dollar has formed an inverted head and shoulders (H&S) pattern coupled with a bullish divergence on the Relative Strength Index (RSI).

If Bitcoin BTC $61 530 24h volatility: 2.0% Market cap: $1.23 T Vol. 24h: $42.97 B price triggers the next altseason by pumping beyond $70k soon, TLOS price will be eying the parabolic phase of the current bull market.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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PANews reported on April 14th that, according to SoSoValue data, rising expectations of a US-Iran agreement have restored market confidence, leading to widespread gains in the crypto market. The DeFi sector performed particularly well, rising 5.00% in the last 24 hours. Hyperliquid (HYPE) rose 7.06%, while Lido DAO (LDO) and Aave (AAVE) rose 9.94% and 10.75% respectively. Meanwhile, Bitcoin (BTC) rose 4.51%, surpassing $74,000, and Ethereum (ETH) rose 7.56%, surpassing $2,300.

In other sectors, the RWA sector rose 4.05% in the last 24 hours, with Plume (PLUME) surging 13.92% within the sector; the CeFi sector rose 2.78%, with NEXO (NEXO) rising 3.79%; the Layer 1 sector rose 2.76%, with Algorand (ALGO) rising 8.11%; the Layer 2 sector rose 2.75%, with Optimism (OP) rising 6.90%; the PayFi sector rose 2.59%, with Telcoin (TEL) rising 12.07%; and the Meme sector rose 1.85%, with Binance Life rising 13.20%.

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

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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.

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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.”

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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

A pointed critique from inside Ethereum’s developer ranks argues that ether’s 65% slide against Bitcoin (BTC) since the Merge stems from specific execution failures at the Ethereum Foundation, not from broad market cycles or coordination problems.

Reid, an ICO-era participant who still builds on Ethereum (ETH), published the indictment, framing the underperformance as accumulated execution debt with names, dates, and missed product calls.

A 65% Drop With Names AttachedReid’s central data point lines up with public market data. The ETH/BTC ratio peaked near 0.085 around the Merge in September 2022.

It has fallen to roughly 0.028 by late May, capturing ether’s underperformance against Bitcoin. Ether currently trades below $2,000, down 21% over the past year.

Ethereum to Bitcoin Ratio. Source: Longterm TrendsReid rejects Bankless co-founder David Hoffman’s framing of ether’s “deserved cap” as a noble ceiling. He argues the cap sits lower than bulls expected, for reasons with names and dates rather than coordination theory.

Reid covers credit and real-world assets at firms including Figure and Securitize, and discloses he is still long ether.

ESG Marketing and a Missing Staking InterfaceReid argues the Merge’s 99.95% energy-reduction message answered questions capital allocators never asked.

Institutions wanted yield, developers wanted finality, and users wanted cheaper transactions. Solana sold raw speed during the same window.

Proof-of-stake sat on the roadmap from 2015 and took seven years to ship. Solana launched mainnet beta in March 2020 and shipped wallets, decentralized exchanges, and money markets while Ethereum debated specs.

Vitalik Buterin’s writing through 2024 and 2025 shifted from Casper specs toward pluralism and network states.

Reid reads that tone as an established Ethereum cultural posture rather than an active competitive one.

The smoking gun, in Reid’s read, is the absence of a first-party staking app three years after the Merge.

The official path still requires running a validator with at least 32 ETH. Most users route through Lido, which holds about 24% of staked ETH despite repeated centralization warnings from developers.

“‘We don’t pick winners’ is what an organization says when it does not want to compete,” Reid remarked.

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Rollups as Managed DeclineThe rollup-centric roadmap drained the base layer. EIP-4844 went live in March 2024 and pushed blob fees near 1 wei through most of 2024 and 2025.

Ethereum’s quarterly transaction fee revenue has fallen roughly 95% from a Q4 2021 peak of $4.3 billion.

Ethereum Transaction Fee Since 2021. Source: Token Terminal Arbitrum has marketed 90% to 98% operating margins on its L2s. Base captured close to 70% of rollup profits by mid-2025.

Every major L2 issued its own token, fragmenting capital flows inside the ecosystem.

Reid contrasts this with Solana’s integrated L1, which has shown fee capture accruing directly to its native token.

The remaining question is whether Foundation product cadence shifts. The ETH/BTC ratio’s path through the rest of the cycle will reflect the answer.

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