Track market-moving stories before they get noisy

According to monitoring by Onchain Lens, a whale address withdrew 16 million ENA tokens (valued at approximately $1.37 million) from a Gnosis multi-sig wallet, then transferred the tokens to Binance, likely preparing to sell.

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The Nasdaq 100 index extended its gain to 2%.

According to market data from BIT (bit.com), the Nasdaq 100 Index’s gain widened to 2%, hitting a new daily high. Its constituent stocks posted the following increases: Nebius rose 16.1%, SanDisk gained 13.2%, Teradyne climbed 13.1%, Micron advanced 13%, Western Digital increased 12.8%, Seagate Technology rose 11.5%, while Lumentum and CoreWeave each gained 9.3%.

6 hours ago

US Secret Service conducts special operation against cyber fraud, seizes over $25 million in cryptocurrency assets.

According to official announcements, the U.S. Attorney’s Office for the District of Columbia and the U.S. Secret Service Washington Field Office jointly announced today that multiple investigations conducted by their joint cyber fraud task force have seized over $25 million in cryptocurrency assets. The assets are linked to an international fraud network targeting residents of the U.S. and Canada, and are part of the more than $800 million in illicit assets cumulatively recovered by the U.S. Department of Justice’s Fraud Center Strike Force, which was established in 2025.

6 hours ago

SpaceX’s massive lock-up period is approaching, with over $100 billion worth of its stock set to become tradable.

According to Bloomberg, SpaceX has kicked off one of the largest stock lock-up expirations in capital market history, with up to $116 billion worth of shares becoming eligible for sale for the first time next month. The restriction barring insiders from selling up to 911.5 million shares will expire on August 6, two days after the rocket, satellite and artificial intelligence firm releases its first quarterly earnings report. This is just the start; billions of shares will become tradable by the end of this year.

6 hours ago

Analyst: European Central Bank expected to hold interest rates steady this week and maintain a hawkish bias.

Nuveen global investment strategist Laura Cooper said in a report that following June’s interest rate hike, the European Central Bank (ECB) will likely hold interest rates steady at this week’s meeting while maintaining a hawkish stance. Cooper noted that if renewed tensions drive energy prices higher, the ECB will remain open to further policy tightening. She added that inflation is milder than feared, the Purchasing Managers’ Index (PMI) pricing subindex shows almost no signs of reaccelerating, and producer price data confirms upstream cost pressures are easing. “These factors provide a reason for holding steady this month,” she said. The complication is that commodity supplies are being disrupted again, which could reignite energy price pressures just as the ECB gains confidence in its inflation decline path.

6 hours ago

US crypto-related stocks rose broadly, with Coinbase surging more than 12%.

According to market data from BIT (bit.com), crypto-related stocks in the US equities market rallied across the board during intraday trading: Circle (CRCL) rose 7.28%, MARA gained 6.56%, Sharplink (SBET) climbed 2.52%, Robinhood (HOOD) advanced 8.34%, Bullish (BLSH) increased 7.71%, Coinbase (COIN) jumped 12.15%, and Strategy (MSTR) rose 4.65%.

6 hours ago

Trump: Our issues with Iran are far from over.

US President Donald Trump said: "Our situation with Iran is far from over. We will not withdraw now and have already exerted significant influence on Iran. Our agreement will not allow Iran to possess nuclear weapons."

6 hours ago

An unnamed whale has been steadily adding to its WBTC and ETH positions this month, now sitting on over $12 million in unrealized gains.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that has accumulated over $109 million in positions since July added an additional $9.87 million worth of WBTC in the past 24 hours. The whale currently holds 49,500 ETH and 600 WBTC, with a total value of $122 million, an average cost basis of approximately $1,706 per ETH and $63,950 per WBTC, and an unrealized profit of $12.593 million.

5 minutes ago

Arcus Launches 24/7 US Stock Tokens and Perpetual Contract Markets on the Robinhood Chain

Arcus has officially launched 24/7 trading functionality and rolled out over 95 stock tokens on Robinhood Chain, offering zero-fee trades. Meanwhile, the platform also launched a beta version of its perpetual contract market via its self-custody decentralized exchange. In a statement, Arcus noted that the launch will allow eligible traders to invest in stocks of leading companies spanning sectors including artificial intelligence, semiconductors, space exploration and quantum computing, such as large-cap firms like Nvidia, Apple, Microsoft, Tesla, Meta, Alphabet and Amazon. Additionally, Arcus has launched a beta perpetual futures trading market, which currently has over 75,000 people on its waitlist. The platform supports perpetual contract products covering U.S. stocks, exchange-traded funds (ETFs), commodities and cryptocurrencies, including trading pairs linked to the SPY ETF, QQQ ETF, GLD ETF, USO ETF, Bitcoin, Ethereum, Solana and XRP. Arcus was founded by Eddie Zhang, with its development team coming from the core team behind dYdX.

5 minutes ago

SemiAnalysis: The power gap in AI data centers is widening, and reciprocating engines may become the leading technology for behind-the-meter power supply.

Independent semiconductor and AI research firm SemiAnalysis reports that the rapid growth in AI computing power demand is transforming power supply models for data centers. Reciprocating engines, historically used primarily as backup power during grid outages, are being repositioned as baseload power sources operating around the clock. This year, reciprocating engine manufacturers have signed contracts for roughly 1GW of behind-the-meter (BTM) power projects, with annual new supply volumes projected to exceed 4GW in 2027 and 2028. After modeling U.S. grid capacity, SemiAnalysis notes that existing power reserves are expected to be exhausted between 2027 and 2028, and planned additions to utility-scale power generation capacity through 2030 remain insufficient to meet the new load demand from data centers. Combining its data center model, SemiAnalysis estimates that roughly 140GW of potential data center projects have not yet finalized power supply contracts, and many of these will likely adopt behind-the-meter power models to bypass grid expansion bottlenecks. Among behind-the-meter power technologies including reciprocating engines, aeroderivative gas turbines, and fuel cells, SemiAnalysis projects reciprocating engines will capture the largest market share. The firm cites their combination of low cost, rapid deployment, modular scalability, and stronger financing capabilities as key advantages, while equipment manufacturers including Caterpillar, INNIO, and Cummins are expanding production capacity to support large-scale deployments in the coming years. As AI data centers continue to expand, on-site self-generated power is evolving from a traditional backup resource to critical energy infrastructure, and reciprocating engines are poised to become a key solution for bridging power gaps in the computing power era.

5 minutes ago

Venezuela’s largest fintech firm Cashea completes $100 million funding round.

According to Bloomberg, Venezuela’s largest fintech company Cashea has raised a total of $100 million across two financing rounds. Global investors are betting on the firm’s ability to achieve growth in a market long plagued by credit constraints. Cashea announced it closed a $60 million Series B round in June, led by FinSight Ventures, with participation from Endeavor Catalyst, Plug and Play, U.S. university funds including Washington University in St. Louis, and Latin American investors. Earlier, Cashea completed a $40 million Series A round in March, led by Spice Expeditions. The round included $20 million in equity financing and $20 million in debt financing provided by Architect Capital.

5 minutes ago

WTI crude oil's intraday gain has widened to 3%.

Per Bitget's market data, WTI crude oil's intraday gain has widened to 3%, now trading at $85.40 per barrel. Brent crude oil climbed 2.16% to $89.4 per barrel.

5 minutes ago

Ionic Digital to list on Nasdaq on July 28 under stock ticker IOND.

Ionic Digital expects its shares to begin trading on the Nasdaq Global Select Market on July 28, after the U.S. Securities and Exchange Commission (SEC) declared its registration statement effective, clearing the final major regulatory hurdle for the company’s long-planned listing. According to a company statement, Ionic’s stock ticker will be “IOND”. The firm opted for a direct listing rather than a traditional initial public offering (IPO), meaning it will not issue new shares nor receive any proceeds from the transaction; instead, existing registered shareholders will be able to sell their holdings on the public market. Ionic was originally formed to take over Bitcoin mining assets from the Celsius estate, before pivoting to position itself as a broader digital infrastructure company serving artificial intelligence (AI) and high-performance computing (HPC) workloads. The company first submitted its Form S-1 registration statement earlier this month. Ahead of the listing, Ionic has raised roughly $400 million to support data center construction and fuel its business shift from Bitcoin mining to a wider digital infrastructure focus.

5 minutes ago

Before correcting somewhat, Gnosis [GNO] climbed by 13% in just 24 hours. In fact, it recorded a rally that hinted at whether the token can flip one of the market’s leading memecoins, BONK, by market capitalization.

Such a flip would lift Gnosis to the 100th spot among tokens by market capitalization. At the time of writing though, Gnosis held a market cap of $303.88 million against BONK’s $330.07 million.

And yet, despite it being close enough to tempt a flip, yet Gnosis may ease into consolidation and not mount it just yet.

Structural warnings surface for Gnosis At the time of writing, indicator-based analysis suggested that Gnosis has moved into overvalued territory and may struggle to sustain its rally in the near term.

The first signal came from the price pushing into the upper Bollinger Band (BB). The indicator gauges valuation by price position as while a move above the red upper band points to overvaluation, a drop below the lower band signals undervaluation.

Source: TradingView The price typically retreats after tagging the upper band, often sliding back towards the middle band, which sat at $112.91 in this case. Should that level hold as support, the rebound could resume from there.

Stronger sell pressure, however, could drag the price down to the green lower band at $103.41 before any renewed push towards a fresh high. Lately though, capital has continued to retreat, a sign that sellers remain active.

The Money Flow Index (MFI), which tracks capital moving in and out of an asset, plunged sharply for Gnosis too, pointing to heavier outflows than inflows.

Spot netflow steers GNO’s rally CoinGlass data revealed that spot activity has been dictating the direction of Gnosis, with derivatives playing little part in the move.

The spot read hinted at heavy profit-taking as Gnosis surged over the past day, with $1.19 million sold into the rally. Buyers failed to keep pace, tipping the balance into a net-seller market and leaving netflow near negative $246,000.

Source: CoinGlass That reads as classic profit-taking, though a widening netflow from here would leave Gnosis with slim odds of a rebound.

A more constructive read was evident on the seven-day netflow though where sellers held only a $283,000 edge even as the price gained 17% over the same stretch. If that dynamic repeats, any decline would likely amount to a temporary pullback before the advance resumes.

What does GNO need to flip BONK? Assuming BONK’s market cap holds at $330.07 million—unlikely in a moving market—a somewhat significant hike in the price of Gnosis would complete the flip. As it stands, closing the aforementioned gap would require GNO to climb to $125.48.

However, this move may only materialise once the price settles into a support region or reverses beforehand.

Final Summary Gnosis needs only a small price hike to overtake BONK and claim the 100th spot by market value. Momentum indicators indicated that any move higher may stall or pull back before a flip actually happens.

Gnosis Pay has revealed that a software flaw dating back to October 2023 enabled the $1.5 million exploit of its card safe infrastructure, while confirming that all affected users have been fully reimbursed.

Summary

Gnosis Pay traced its $1.5 million hack to a Zodiac software flaw that had existed since October 2023. The company reimbursed all affected users, restored services within days, and continues recovering about $300,000. The incident adds to growing scrutiny of crypto security as firms and governments respond to rising cyber threats. According to a postmortem published by Gnosis Pay on Friday, the vulnerability was traced to version 3.4.0 of the Zodiac smart contract framework and had remained undiscovered since Oct. 30, 2023.

The company said the weakness was exploited on June 1, allowing attackers to gain control of about $1.5 million in digital assets held across its decentralized self-custodial payment network.

The report states that Gnosis Pay’s monitoring systems, operated by treasury manager NOCA, detected the first unauthorized transfer at 06:17 UTC on June 1. Engineers identified the root cause within two hours of the initial alert, after which the company suspended card services, temporarily halted its bridge to Gnosis Chain, and shared attacker wallet addresses with stablecoin issuers to help trace the stolen funds. Gnosis Pay also notified external projects that could have been exposed to the same vulnerability.

On 1 June, Gnosis Pay experienced a security incident affecting card accounts. All affected balances were restored.

Post-mortem here: https://t.co/2QZhQG4ndr

— Gnosis Pay 💳 (@gnosispay) July 3, 2026 Funds restored after staged recovery Following the incident, Gnosis Pay restored customer access in several phases. The company said the first affected accounts regained access to their balances and payment cards by the night of June 3 after new card-safe modules had been deployed. Installation continued over the following days, restoring service for 99% of users by June 6, while the remaining accounts were recovered shortly afterward.

Gnosis Pay said it absorbed the financial losses itself, leaving customers with no losses from the exploit. According to the postmortem, the attackers stole mostly GNO, EURe, USDC.e, and several other digital assets. The company added that roughly $300,000 worth of assets had not yet been recovered and recovery efforts remain ongoing.

The report also disclosed that 5,281 wallets holding at least $1 were affected by the exploit. Gnosis Pay published the attacker’s wallet address used during the incident, identifying it as 0x5a7…7a35, while explaining that the exploit targeted two components within its card safe infrastructure, the Delay Module and the Roles Module.

Smart contract exploits continue to pressure crypto platforms The disclosure comes as security incidents continue to affect crypto infrastructure providers. As crypto.news reported earlier, Humanity Protocol recently confirmed it is repositioning toward enterprise artificial intelligence products after a $36 million exploit accelerated an internal restructuring that had already been under consideration for several months.

During an interview, Humanity Protocol founder Terence Kwok said the company had been reviewing its long-term direction for six to nine months before the breach. He explained that the exploit sped up those plans, while adding that digital identity will remain central because enterprise AI systems will require reliable ways to verify people and credentials.

Meanwhile, concerns over crypto-related cybercrime have also reached government leaders. Earlier, G7 leaders issued a joint statement after their summit in Evian-les-Bains, France, calling for coordinated action against North Korea’s cryptocurrency thefts and cybercrimes.

The statement linked the issue to long-standing concerns that stolen digital assets have helped finance Pyongyang’s nuclear and ballistic missile programs under international sanctions, a claim repeatedly supported by Western governments and blockchain analytics firms.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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While many altcoins continue struggling with weak sentiment and declining liquidity, prediction-focused platforms are benefiting from growing demand for forecasting tools, decentralized information markets, and AI-assisted decision-making systems.

Investors increasingly view prediction protocols as more than simple betting platforms. These ecosystems create recurring engagement, attract active users, and often generate sustained on-chain activity regardless of broader market conditions.

Among the projects attracting the most attention before July 2026 are Rain (RAIN), MemeToro ($MT), and Gnosis (GNO). Each offers a different approach to prediction markets, making them some of the most closely watched prediction tokens in the current market environment.

Rain Continues Delivering Strong On-Chain Growth Rain has emerged as one of the standout performers in the prediction market sector.

Unlike many cryptocurrencies that remain heavily tied to broader market sentiment, Rain has shown signs of decoupling from wider crypto weakness. The token recently climbed 8.7% to approximately $0.0161 while maintaining steady user growth across its ecosystem.

The platform’s fundamentals help explain that performance.

Rain’s total value locked has expanded to more than $142 million, reflecting rising participation and growing confidence in its infrastructure. At the same time, more than 143 million RAIN tokens have been permanently removed from circulation through token burns.

Another important factor is artificial intelligence.

The protocol is increasingly being used by AI-powered forecasting systems that require reliable prediction infrastructure. This trend has helped drive transaction activity and contributed to Rain’s growing market relevance.

Many analysts continue targeting the $0.02 region over the coming months if current growth metrics remain intact.

Gnosis Focuses on Stability During Market Volatility Gnosis represents a very different type of prediction market investment.

Unlike newer platforms chasing rapid expansion, Gnosis has spent years establishing itself as one of the foundational names in decentralized forecasting. The project remains closely associated with prediction markets despite evolving into a broader infrastructure ecosystem.

Recent market conditions have tested many long-term projects.

The broader altcoin selloff and the fallout from the MemeCore collapse created pressure across multiple sectors. However, Gnosis has largely focused on maintaining stability rather than pursuing aggressive growth initiatives.

Technical indicators show the asset continuing to defend important long-term support levels and multi-month moving average zones.

For investors prioritizing maturity and resilience over rapid expansion, Gnosis remains one of the most established prediction-focused assets in crypto.

MemeToro Combines Prediction Markets With AI and SocialFi MemeToro enters the prediction market category from a different direction.

Rather than functioning as a dedicated prediction protocol, the platform integrates prediction markets into a much larger AI-powered SocialFi ecosystem. This creates multiple forms of engagement while maintaining prediction markets as a core utility layer.

The project operates on BNB Chain and centers around behavioral finance, community participation, and artificial intelligence. Users can participate in prediction markets using both $MT and BNB while forecasting outcomes across cryptocurrency, sports, entertainment, and major global events.

This broader ecosystem model allows the platform to attract users interested in more than forecasting alone.

As a result, prediction markets become part of a wider participation framework.

Inside the MemeToro Ecosystem Prediction markets are only one component of the MemeToro platform.

The ecosystem also includes an AI-powered memecoin creation engine that enables users to launch tokens through a no-code deployment process. Artificial intelligence continuously analyzes social conversations, cultural trends, and market narratives to identify emerging opportunities.

Participants can also access staking opportunities offering rewards of up to 35% APR. Combined with integrated trend-monitoring tools and SocialFi mechanics, these features create multiple reasons for users to remain active inside the ecosystem.

The native $MT token powers every major function across the platform. This integrated structure has helped differentiate MemeToro from standalone prediction market projects.

MemeToro Project Update: Stage 2 Presale Nears Completion The MemeToro Stage 2 presale has reached 92.82% of its target, having raised $72,955.51 of the allocation’s $78,590.46 goal. Upon completion of this round, the $MT token price will transition from the current rate of $0.00139 to the Stage 3 rate of $0.00154.

Operating on the BNB Chain, the MemeToro platform integrates four core functionalities under a single ecosystem:

An AI agent that creates memecoins based on live trending data. Prediction markets for wagering on real-world events. An online casino that utilizes $MT tokens natively. A staking system offering up to 35% APR. The $MT token has a fixed total supply of 1.2 billion, with 71% assigned to the presale with no vesting restrictions. The platform currently accepts payments via credit/debit card, ETH, BNB, USDT, and USDC at memetoro.com.

More Information on MemeToro ($MT) Presale Here:

Website: https://memetoro.com/

X: https://x.com/memetoro_mt

Telegram: https://t.me/memetoro_mt

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

PeckShield, a blockchain security company, has warned that Gnosis's official X account has been compromised. Until the issue is fixed, users are strongly advised not to interact with any posts, links, reward campaigns, voting announcements, or wallet connection requests coming from the account. 

According to the malicious post that is currently up on the Gnosis account, Gnosis users can take part in a rewards vote and receive an early bonus if they vote within the first 24 hours. This is a classic phishing technique meant to instill a sense of urgency and coerce users into clicking on phony links before confirming their legitimacy. 

One of the most common attack methods in the cryptocurrency sector is still compromised social media accounts. Hackers frequently use reputable project accounts to advertise phony staking opportunities, token claims, governance votes, and airdrops. Funds can be depleted in a matter of seconds after victims connect their wallets and sign malicious transactions. 

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Do not interact with the compromised account if you use Gnosis. Never sign transactions, connect your wallet, click links, or divulge personal information. If users have already interacted with the phishing website, they should revoke wallet approvals right away and, if necessary, transfer assets to a secure wallet.

Industry experts predict that the Strategic Ethereum Reserve (SER), which tracks entities holding Ethereum (ETH) in their treasuries, could surpass 10 million ETH by May 2026.

This would represent an increase of approximately 1,166.3% from the current holdings, reflecting a continued accumulation trend and growing confidence in Ethereum as a store of value.

Strategic Ethereum Reserve Poised to Hit 10 Million ETHAccording to the latest data from the SER website, the reserve currently holds 789,705 ETH, spread across 23 active participants, including major institutions and governments. It represents a collective effort by various entities to stockpile ETH over time. 

The Ethereum Foundation leads with 265,343 ETH, followed by Coinbase with 137,334 ETH. Other notable entities include Golem Foundation (100,765 ETH), Gnosis DAO (66,587 ETH), the US Government (59,965 ETH), and others. At current prices, the total holdings are valued at approximately $2.1 billion.

Notably, Anthony Sassano, founder of The Daily Gwei, expressed strong confidence in the SER’s growth trajectory. In a statement on X, Sassano predicted that the reserve could surpass 10 million ETH by May 2026. 

“Today, it’s under 1 million ETH in the reserve. In a years time, I bet it’s firmly over 10 million ETH in the reserve. The gold rush for ETH is going to be absolutely insane,” Sassano predicted.

Similarly, another analyst echoed this sentiment, labeling the SER a “black hole for ETH.”  He anticipates that protocols, decentralized autonomous organizations (DAOs), treasuries, and Layer 2 solutions will increasingly compete to stake, restake, and accumulate ETH, potentially locking up over 10 million ETH in the coming years. 

“This is how a monetary asset goes parabolic slowly, then all at once,” the analyst said.

Meanwhile, Ethereum proponent Shingen referenced a recent essay on SER. He noted that the reserve is still in its early stages with limited participation, but highlighted the essay’s narrative-building potential. 

“It’s just the beginning, the amount is small, and it’s just a definition of what was originally an individual movement, but when you read this article, it’s written in a very emotional way, and when you think about it, it’s quite important in terms of creating a narrative. It’s also good that it’s not centered around listed companies,” Shingen wrote.

In the essay, the author reflected on how the Strategic Ethereum Reserve impacts the Ethereum ecosystem. The author emphasized that SER strengthens security by increasing staked ETH, making attacks more costly, and stabilizing ETH’s price.

It also promotes decentralization in staking, reducing reliance on centralized services. Additionally, SER encourages DAOs to hold ETH long-term, fostering more stable financial strategies and a stronger Ethereum ecosystem.

Nonetheless, it also raises concerns about centralization, market instability from large holders, and regulatory challenges for corporate participants. According to the author, greater transparency, improved governance, and regulatory clarity are needed to ensure long-term success.

The growing momentum behind an Ethereum reserve comes as ETH continues its latest price rally. On May 13, the altcoin briefly surged past the $2,700 mark, marking highs last seen on February 24.

ETH Price Performance. Source: TradingViewBeInCrypto data showed that ETH’s value appreciated 43.1% over the past week. At the time of writing, it was trading at $2,636, representing daily gains of 7.3%.

Squid Distances Itself From $3.2 Million Hack of Lookalike Third-Party Contract

Fintech Insiders Comment on Bank of England Stablecoin Rules Proposal Top Story

June 24, 2026 @ 10:07 am By  |  

  The Bank of England has published proposed rules for privately issued stablecoins. This sector of Fintech may become the new, improved payment rails that provide instant transfers and payments at a lower cost than legacy providers. The rules have encouraged some participants in the… Read More

Read more in: Featured Headlines, Blockchain & Digital Assets, Global, Opinion, Politics, Legal & Regulation  |  Tagged anzens, baillie gifford, bank of england, circle, clearbank, encryptus, equals, mica, movement, RS2, stablecoins, tether, uk, united kingdom, xapo bank, zumo

Bullish Exchange Enables Trading Access for SoFiUSD, a US National Bank-Issued Stablecoin

June 24, 2026 @ 5:09 pm By Omar Faridi  |  

Bullish Exchange (NYSE: BLSH) announced that SoFiUSD, a U.S. dollar payment stablecoin issued by SoFi Bank, N.A. (NASDAQ: SOFI), is now available for trading on its platform. This move positions Bullish as the first centralized cryptocurrency exchange to list the token, extending its reach beyond… Read More

Read more in: Investment Platforms and Marketplaces, Blockchain & Digital Assets, Fintech  |  Tagged bullish, digital assets, sofi, SoFiUSD, stablecoins

Securitize Sued for Patent Infringement by tZERO, Liquid Rarity Exchange

June 24, 2026 @ 4:08 pm By JD Alois  |  

Digital asset firm Securitize has been sued by Liquid Rarity Exchange, dba RarityX, and by tZERO. The claim is for patent infringement relating to two patents covering asset tokenization and fractionalized ownership systems The filing by Liquid Rarity Exchange alleges that Securitize’s tokenization platform and digital… Read More

Read more in: Blockchain & Digital Assets, Investment Platforms and Marketplaces, Politics, Legal & Regulation  |  Tagged legal, liquid rarity exchange, rarityx, securitize, tzero

Binance Withdraws MiCA Application Filed in Greece

June 24, 2026 @ 12:13 pm By JD Alois  |  

Binance has decided to withdraw its application under MiCA, or Markets in Crypto Assets regulation, in Greece, according to a post on X. The company said that it made the decision to withdraw “after careful consideration of the current status and timeline of the Greek… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation  |  Tagged binance, EU, greece, mica

Telcoin Enables Regulated On-Chain Bank Accounts for US Consumers

June 24, 2026 @ 8:21 am By Omar Faridi  |  

Telcoin Digital Asset Bank has introduced regulated on-chain bank accounts for users in the United States. Launched on June 23, 2026, through the latest version of the Telcoin Wallet, this offering marks the first time U.S. consumers can open a bank account directly tied to… Read More

Read more in: Blockchain & Digital Assets, Fintech  |  Tagged banking, defi, on-chain, stablecoins, telcoin, us

MoonPay Acquires Entendre to Bring AI Automation to Digital Assets Finance Operations

June 24, 2026 @ 4:39 am By Omar Faridi  |  

MoonPay, the global fintech platform that enables seamless movement of value between fiat currencies and cryptocurrencies, has acquired Entendre, an AI-driven finance operations company tailored for businesses handling on-chain transactions and stablecoins. The deal expands MoonPay’s infrastructure beyond payments, wallets, and trading into the critical… Read More

Read more in: Blockchain & Digital Assets, Fintech  |  Tagged acquisition, entendre, moonpay, stablecoins

Bipartisan Legislation Seeks to Enhance Partnerships Between Banks and Fintech Firms in the US

June 24, 2026 @ 2:37 am By Omar Faridi  |  

In Washington this week, Senators Pete Ricketts of Nebraska and Catherine Cortez Masto of Nevada advanced a bipartisan effort to better understand and potentially improve how smaller banks and credit unions work with financial technology companies. On June 18, 2026, the lawmakers introduced the Bank-Fintech… Read More

Read more in: Politics, Legal & Regulation, Fintech  |  Tagged banking, catherine cortez masto, fintech, legislation, pete ricketts

Central Bank of Ireland Launches Consultation to Strengthen Regulatory Decision-Making

June 23, 2026 @ 10:35 pm By Omar Faridi  |  

On 22 June 2026, the Central Bank of Ireland opened a public consultation inviting feedback on how it assesses the impacts of new or amended regulations and engages with stakeholders during the policy development process. The initiative, set out in Consultation Paper 170, forms part… Read More

Read more in: Politics, Legal & Regulation, Global  |  Tagged central bank of ireland, europe, insights, regulation, research

Austria’s Banking Groups Join European Payments Initiative to Expand Wero Wallet

June 23, 2026 @ 10:34 pm By Omar Faridi  |  

Two of Austria’s largest banking groups have become shareholders in the European Payments Initiative (EPI). The move will bring the Wero digital wallet — a secure, instant account-to-account (A2A) payment solution — to customers in Austria, significantly broadening its geographic reach. The announcement, issued on… Read More

Read more in: Fintech, Global  |  Tagged austria, banking, epi, europe, european payments initiative, wero

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

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Users are being urged to withdraw their assets right away due to a serious security incident that has occurred within the Gnosis ecosystem.

Concerns regarding the security of user funds were raised when blockchain security company PeckShieldAlert discovered an active exploit impacting Gnosis Pay. Martin Köppelmann, a co-founder of Gnosis, publicly urged users to remove all funds held through Gnosis Pay, amplifying the warning.

The problem, according to Köppelmann, is caused by a flaw in the platform's delay module, which is a feature intended to give transactions and account operations an extra degree of security.

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"Unfortunately, I must advise that all funds (EURe and GNO) be withdrawn. There is a bug in the delay module that could affect you"

Both GNO, the native token of the Gnosis ecosystem, and EURe, a stablecoin backed by the euro, appear to be affected by the vulnerability.

Project representatives have stressed that users should take immediate action rather than waiting for more technical details, even though the full scope of the exploit has not yet been revealed. According to PeckShieldAlert, the vulnerability may already be being exploited by attackers.

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Quick action is frequently essential to preventing losses in incidents involving live exploits, especially when attackers can take advantage of vulnerabilities before patches or mitigation measures are fully implemented.

Gnosis Pay, which connects blockchain-based assets with conventional payment services, has become popular among consumers looking to use payment cards and associated financial tools to spend cryptocurrency assets. Therefore, a large number of users on the platform may be impacted by the latest security flaw.

As of this writing, no formal estimate of the impacted funds or accounts has been made public. As the investigation and mitigation efforts continue, the Gnosis team is anticipated to provide more updates.

PANews reported on June 1st that, according to The Block, Gnosis co-founder and CEO Martin Koppelmann confirmed that the Zodiac delay module associated with Gnosis Pay is under attack. Attackers can initiate transactions from the Safe wallet, which integrates the module. Gnosis has requested cross-chain bridge validators to suspend operations to control the risk. Koppelmann stated that Gnosis will bear all user losses and has removed its previous announcement requesting users to urgently withdraw EURE and GNO, stating that most users are unable to withdraw their funds themselves, and the team is working hard to control most of the losses and ensure that all users receive full compensation. Gnosis emphasized that the vulnerability is located within the Gnosis Pay system, and the Safe core contract is unaffected.

Key Takeaways Table of Contents

Key TakeawaysCritical Vulnerability Discovered in Zodiac Delay ModuleEmergency Response Protocols ActivatedReimbursement Promise Highlights Smart Contract Payment Challenges Gnosis announces complete reimbursement for all victims of Gnosis Pay security incident Critical vulnerability in Zodiac Delay Module enables unauthorized transaction execution Emergency containment measures deployed across compromised Safe wallet infrastructure EURe and GNO token holders urged to withdraw funds immediately Security incident highlights ongoing vulnerabilities in blockchain payment solutions A critical security vulnerability forced Gnosis into emergency response mode after malicious actors exploited a weakness in the Zodiac Delay Module. The attack compromised Safe-based payment infrastructure and prompted immediate containment protocols. The company has committed to providing complete restitution to all affected users.

Critical Vulnerability Discovered in Zodiac Delay Module The security compromise originated from a previously unknown vulnerability within the Zodiac Delay Module integrated into Gnosis Pay infrastructure. This component typically enforces time-based restrictions on outbound transactions to enhance security. However, attackers discovered a method to circumvent these protections and execute unauthorized transfers from vulnerable Safe wallets.

The Gnosis Pay platform bridges cryptocurrency holdings with traditional payment networks by utilizing Safe smart contract wallets. These accounts connect digital assets to physical payment cards for everyday transactions. The modular architecture that enables this functionality inadvertently created an attack vector when one component contained exploitable code.

Martin Köppelmann, co-founder of Gnosis, publicly acknowledged the delay module vulnerability. He confirmed that attackers gained the ability to trigger transactions from compromised Safe accounts. The development team immediately classified the situation as a critical security emergency requiring immediate user action.

Emergency Response Protocols Activated Gnosis implemented multiple defensive strategies to minimize ongoing damage as the exploitation continued. The organization contacted bridge validators with requests to temporarily suspend operations, effectively limiting potential exit channels for stolen assets. This infrastructure-level intervention aimed to restrict attacker mobility while security teams analyzed the breach.

Users received urgent notifications to immediately withdraw EURe stablecoins and GNO tokens from potentially vulnerable accounts. Köppelmann acknowledged that manual withdrawal might not be feasible for all users. The response strategy therefore prioritized system-wide protective measures to safeguard remaining funds.

Blockchain security provider PeckShield independently confirmed the active exploitation targeting Gnosis Pay users. The firm issued public warnings encouraging account holders to verify their exposure status and move assets to secure locations. Throughout the incident, Gnosis maintained its commitment to absorb all financial losses experienced by users.

Reimbursement Promise Highlights Smart Contract Payment Challenges Gnosis has not yet disclosed the total financial impact of the security breach. A comprehensive technical post-mortem analyzing the exploit methodology remains unpublished. The exact number of compromised accounts has not been confirmed in official communications.

This incident intensifies scrutiny of blockchain-based payment infrastructure security. Gnosis Pay represents an innovative approach to cryptocurrency spending, connecting non-custodial wallets directly to Visa’s payment network for mainstream commerce. While this design preserves user sovereignty over funds, it simultaneously creates dependencies on secure permission management.

The vulnerability adds to a concerning pattern of attacks targeting Safe wallet ecosystems. Blockaid previously documented a separate incident resulting in $3 million in losses across 86 Safe wallets deployed on Ethereum and Base networks. These repeated compromises demonstrate how third-party modular components can introduce significant security risks into cryptocurrency payment platforms and wallet systems.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]

Co-founder Martin Köppelmann said the company will make all users whole after attackers exploited the smart-contract module that governs Gnosis Pay card accounts. No loss figure has been disclosed.

Gnosis Pay, the self-custodial Visa debit card built on Gnosis Chain that lets users spend stablecoins directly from their own Safe wallets, was hit by an active exploit targeting the "delay module" that controls its card accounts, co-founder Martin Köppelmann said in a post on X on Monday.

Gnosis said it would cover any losses in full. "Rest assured, Gnosis will cover all user losses," Köppelmann said. The company has not said how much was taken or how many accounts were affected, and has not published a technical breakdown of the attack.

GNO, the token of the broader Gnosis ecosystem, traded around $118 on Monday, down about 2.8% over 24 hours even as the broader crypto market edged up roughly 0.8% over the same period, according to data from CoinGecko.

The breach strikes at the core promise of smart-contract-based payment cards. Gnosis Pay links a self-custodial wallet to the Visa network, so users keep control of their funds until the moment they spend. Because card accounts delegate spending authority to smart-contract modules, a flaw in one of those modules can move funds under permissions the user already granted.

What Köppelmann saidKöppelmann tied the incident to the delay module directly. The attacker "is able to initiate tx from Safes with such a delay module," he said in a post on X, adding that the team was taking steps to contain the damage "like asking bridge validators to pause" to limit cross-chain transfers.

Gnosis Pay's official account confirmed the issue and initially urged users to act. "A bug related to the @gnosispay delay module has been discovered. We are investigating," the account said, telling users able to withdraw funds from their card to their wallet to do so, and that "affected users will be reimbursed."

Köppelmann then walked back that advice. He said he had deleted an earlier post telling users to withdraw, writing that "most users will not be able to do so, but we are actively working to contain the damage." He said Gnosis believed it could contain the majority of the losses and would "ensure that all users are made whole."

Blockchain security firm PeckShield also flagged the active exploit on Monday, advising Gnosis Pay users to check their exposure and withdraw their EURe and GNO where possible.

How the delay module worksPer Gnosis's own engineering write-up, Gnosis Pay card accounts run on Safe smart accounts fitted with two modules: a Roles Module that authorizes card payments, and a Delay Module that imposes a roughly three-minute wait before outgoing transactions execute. The delay is meant to give users a window to react before a transfer goes through. The modules are part of Zodiac, Gnosis's open-source toolset for Safe-based accounts.

Past AttackThe exploit follows a separate incident a week earlier, in which about $3 million was drained from 86 Safe wallets across Ethereum and Base, according to security firm Blockaid. That attack abused a third-party module called SquidRouterModule, which is unrelated to Gnosis Pay's Delay Module, and Squid said its protocol and users were not involved.

Gnosis said it is still investigating and will share further updates. The company has not committed to a timeline for a full post-mortem or for confirming the total amount at risk.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

An unknown large Shiba Inu (SHIB) investor has broken a month-long pause by withdrawing 400 billion SHIB tokens from the Gnosis Safe Proxy smart contract (0xD13). 

According to data from Arkham Intelligence, the transfer instantly turned the transit address "0xf9905...f64f5", which previously held only negligible balances of third-party tokens, into a large operational wallet with a balance of $1.89 million, the current estimated value of the unknown investor's new SHIB reserves.

A one-time withdrawal of funds from the corporate multisig infrastructure of Gnosis Safe to a fresh external address changes the logic of asset ownership. In the on-chain practice of the crypto market, such an action is rarely taken for passive holding, since the coins are moved from a secure storage setup with distributed approvals to a wallet controlled by a single private key.

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"0xF9905" activity with the Shiba Inu coin (SHIB), Source: ArkhamThe on-chain history shows that this investor acts cyclically, with similar bursts of SHIB accumulation on this address recorded exactly one and two months ago, followed each time by thirty days of complete silence.

Is this whale secretly setting up SHIB's next move?The local timing of the transaction points to a targeted buyout of price consolidation. At the moment the 400 billion coins were credited, SHIB was trading at $0.00000472 while holding a minimal daily gain, and the wallet's portfolio structure confirms that it is isolated for a specific market task. 

Now, the meme coin accounts for 99.4% of the total asset value, while accompanying positions in Ethereum (9.99 ETH worth $16,600), SKYA ($52), and BASED ($5.70) play a technical role or represent residual balances from previous swaps.

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Since Arkham has not yet recorded a transfer of the tokens to hot wallets of centralized exchanges such as Binance or Coinbase, there is no direct pressure on market order books. 

Therefore, the current capital allocation can be interpreted either as preparation for a private over-the-counter (OTC) deal without participation in the exchange order book, or as the formation of a local support level by a large market maker accumulating liquidity at current price values.

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.

Gnosis Pay Supports Celo, Unlocking Stablecoin Card Payment Infrastructure

Cryptocurrency investment platform Abra announced it will add over 200 new cryptocurrencies next month, and today increased the number tokens available to trade by Abra’s US users to more than 60. The move brings the total number of cryptocurrencies that American customers can trade on Abra to 90. 

Instead of using your standard, non-blockchain money to bet on the stock market—like Google stocks, ETFs and the S&P 500—which can fluctuate in value, Abra lets you use your new-fangled, volatile, Internet money to bet on stocks and shares. Adding hundreds more tokens into the mix invites investors to try new trading strategies. 

“By far, the most requested product feature is support for more cryptocurrencies and the flexibility to easily invest in them. And today, that’s what we are delivering for our users,” said Bill Barhydt, CEO and founder of the San Francisco-based app, which was founded in 2014.

Bitcoin SV, aelf, Bancor, Crypto.com, Decred, Gnosis, and Hedera Hashgraph are among the new tokens for international users. For US users, new coins include Geocoin, Bitcoin SV, Aeon, and NAVCoin.

As part of a new update, Abra users can also deposit and withdraw stablecoins Tether, TrueUSD, Paxos and DAI directly to and from bank accounts.

In addition, US bank deposit and withdrawal limits have doubled to $4,000 per day, $8,000 per week, or $16,000 per month. That is, if you’re not a resident of New York, Connecticut, or Hawaii. 

Abra will also introduce new price performance charts this quarter, to “help users study markets and make informed decisions,” according to the company’s statement.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated

According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408

2 minutes ago

A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.

2 minutes ago

A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.

According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.

2 minutes ago

Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.

Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)

2 minutes ago

Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.

According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.

2 minutes ago

STRC drops to near $80, marking another new all-time low.

According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.

2 minutes ago

WhoMadeWho, Da Capo to Headline AFTER 2049, Singapore’s Biggest Pre- Formula 1 Party

0x is the foremost decentralised exchange protocol currently on the market. They are also one of the first having launched back in 2017.

Many in the cryptocurrency space are convinced that the era of centralised cryptocurrency exchange has to come to an end. This has led to a flood of decentralised exchange protocols that have launched over the past 3 years.

So, with so much competition, is 0x still worth it?

In this 0x review, I will give you everything that you need to know. I will also analyse the long term use cases and price potential of the ZRX tokens.

What is 0x?The 0x protocol website is pretty clear on the overarching goal of the project as it immediately states:

Powering Decentralized Exchange, 0x is an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain.

Back in 2016 the founders of 0x, Will Warren and Amir Bandeali, had a strong belief that blockchain technology was going to be a disruptive force. They saw a future where any asset at all would be tokenized and traded publically on blockchains.

With the versatility and scope that Ethereum brings to the table, they decided that the Ethereum blockchain would be the perfect medium for hosting this type of asset exchange and they set to work on creating the 0x protocol.

Basics of 0xThe decentralized trading offered by 0x is based on an off-chain relay that acts to keep network bloat minimized, and gas prices as low as possible.

For those familiar with the increase in gas prices and bloating that can occur on the Ethereum blockchain (think Crypto Kitties or Ether Delta), you can probably imagine the benefits realized by using an off-chain relay.

For those less familiar with the workings of Ethereum, here’s an explanation of why off-chain is the way to go for decentralized exchanges.

Most decentralized exchanges use Ethereum’s smart contracts to power all of the order functions and trades on the exchange. Using smart contracts in this way keeps user funds within their control, rather than needing to send funds to a third-party (such as Coinbase or Bittrex) and hope that the funds remain safe.

0x Compared to Centralised & Decentralised Exchanges. Image via 0x Blog

Using smart contracts also means a transaction needs to be executed on the blockchain for everything done on the exchange. That includes deposits and withdrawals, as well as placing, modifying, canceling, or filling an order. And every single transaction costs gas to ensure the transaction is processed.

When you consider how many trades a day trader might make, the number of orders being placed, modified and filled would mean gas fees could add up quite quickly. That’s a good part of the downside with decentralized exchanges. They are far ahead of centralized exchanges when it comes to security, but fall behind the centralized exchanges when you consider costs and accessibility.

The 0x protocol addressed these shortcomings of the decentralized exchange by using an off-chain relay together with on-chain settlement. In this scenario, any user is able to broadcast their order off-chain.

These orders can be picked up and filled by another user, and the only part of the entire transaction that occurs on-chain is the actual value transfer. This reduces the number of transactions being run on-chain, thus reducing the potential for bloat, and keeping gas fees from trading actions as low as possible.

The 0x RelayerThe key to off-chain transactions for 0x is the use of what they call “relayers.” These relayers broadcast the orders placed across the public or private order books, as well as bringing liquidity to the network by hosting the order books.

While this function is similar to an exchange, the relayer differs from an exchange because it is unable to provide trade execution. It’s more like a bulletin board that presents maker orders to the network.

In order to fill an order, a taker must submit their own signature along with the makers to the exchange’s smart contract. Relayers are compensated for providing this service with the 0x currency ZRX.

Overview of how the 0x Protocol Functions. Image Source

When a trade is sent through a relayer they are called “Broadcast Orders.” This allows anyone to submit orders to the network easily, and it also allows anyone to see the orders as they are broadcast and then fill them.

The 0x solution can also accommodate point-to-point orders in which the maker specifies a taker when the order is broadcast. With this type of order, users can directly transfer funds using a variety of communication channels, including email and various messaging programs.

When an order is specified as point-to-point in this manner only the specified taker can fill the order, thus protecting the transaction from hijacking by malicious actors.

Additional 0x FeaturesBesides being a basic decentralized exchange, the 0x project has included several other features and products. These include a governance mechanism, open-source smart contracts, and a token registry.

0x GovernanceIn addition to being used as compensation for relayers, the ZRX token is also used to facilitate the decentralized governance of the 0x platform. Stakeholders of the ZRX token can vote on proposals that will affect the blockchain, thus affecting the future development of the 0x protocol.

0x Update StructureOne huge benefit to 0x is that the smart contracts are open source, and the protocol itself is application agnostic.

This means any developer can build on 0x to create an exchange function, which allows the protocol to serve as a plug-in for other Ethereum dApps. There are already a number of projects being built on 0x because of this, including Publish0x, Augur, Gnosis, district0x, and more.

0x Launch Kit Screenshot. Image Source

0x itself has improved on this even further by releasing the 0x Launch Kit, which enables anyone to launch their own exchange or marketplace in minutes. The Launch Kit removes the complexities of building a relayer. The codebase allows any user to connect to wallets, wrap ETH, make and take orders, and get notified of order state changes.

0x Token RegistryNot least of all 0x includes a token registry contract which stores a list of ERC-20 tokens and the associated metadata for each, such as the token name, symbol, contract address and other details. This is the official on-chain reference that can be utilized to verify address and exchange rates.

Trading Statistics with Asset Swapper. Image Source

It has also been used to create the 0x Asset Swapper and the related 0x Instant. With the Asset Swapper, any digital asset can be programmatically exchanged. This was the base for 0x Instant, which allows anyone to offer simple crypto purchasing as a widget on any website.

You would think a project that began in 2016 would have a fairly large following on most social media sites, especially the big three for cryptocurrencies – Twitter, Telegram, and Reddit.

You’d be mostly right too, except for one change. The 0x team uses Discord, not Telegram. On Twitter, they have a massive 151,000 followers. That’s huge even for cryptocurrency projects. They’re also active on that Twitter account, not only posting their own stuff but also re-tweeting interesting bits from others.

On Reddit, the 0x sub-Reddit has over 15,000 followers, which is a pretty large following too. Things are a bit quieter over here though. Sometimes a few days will go by without any new posts, and most posts only have a few comments and replies. Good, but not great.

Some of the conversation taking place in the 0x Discord. Image via Discord

I would also say the Discord server is just good, not great. Actually, with just over 2,500 members I was surprised because I would have expected a larger following. However, there was quite a bit of interesting discussion going on with a range of different topics.

The 0x team is also on Facebook, with just over 2,000 followers. The account has regular posts, but they are several days apart, and there isn’t a whole lot of interaction.

Finally there is a forum created specifically for the 0x protocol. That has activity similar to Reddit. Posts are spread several days apart, and there are usually just a handful of replies to posts. The good news is it looks as if the more recent posts are gaining the most traction, meaning adoption of the forum may be growing.

The 0x TeamThe 0x team is led by co-founders Will Warren and Amir Bandeali, who serve as CEO and CTO respectively. The team has grown to 38 core members located in San Francisco, but there are dozens more assisting with the project globally.

One notable aspect of the 0x team is the advisors of the project. Fred Ehrsam (Coinbase co-founder), Joey Krug (Pantera Capital Co-CIO), and Linda Xie (Co-founder Scalar Capital) all advise the project.

Some of the 0x Team Members

CEO Will Warren has a Bachelor’s degree in Mechanical Engineering from the University of California – San Diego. He went on to pursue a Ph.D. in Structural Engineering from the same university, but never completed the degree, moving on to the founding of 0x instead.

CTO Amir Bandeali graduated with a Bachelor’s degree in Finance from the University of Illinois at Urbana-Champaign. He went on to work as a trader for four years prior to joining the 0x team in 2016.

The ZRX TokenThe 0x team held an ICO in August 2017, selling 500 million ZRX tokens for $0.07 each and raising $24 million in just 24 hours and 10 minutes.

The ICO was somewhat unique in that there was no marketing performed, and once the sale began registered buyers were only permitted a total of 6.77 ETH ($1,893) worth of ZRX tokens. That cap was put in place to encourage wider distribution of the ZRX tokens, and following the sale the team determined that ZRX tokens were spread across more than 13,000 Ethereum addresses.

ZRX has had a number of spikes and drops during its trading history, but it is notable that the all-time low for the token was $0.103962 on August 16, 2017. That’s notable because it is almost 50% above the ICO price and it occurred the day the ICO ended.

ZRX Price Performance. Image via CMC

Unlike most altcoins that fell throughout most of 2018, ZRX saw three more significant peaks throughout the year. The first was in late April and May when the price briefly moved above $2 again. It fell quickly from that height, trading below $0.70 by June, but then jumping back above $1 in conjunction with the 0x v2 testnet launch.

It dipped back below $1 but remained in the $0.70 to $0.90 range over the next few months as enthusiasm over the mainnet launch of 0x in September kept price elevated. Surprisingly the price began falling in October after Coinbase announced it was listing ZRX.

Since then the price has been steadily retreating and as of September 9, 2019, the price of ZRX is down to $0.160732.

As we’ve seen from the historical movements in ZRX the token seems to get a healthy boost when the team meets major milestones. With that in mind, it could be good to keep an eye on the project’s roadmap to determine when the next major announcement might occur.

Buying & Storing ZRXIf you’re interested in buying ZRX you’ll be pleased to know that it is available from a huge number of exchanges. The greatest volume is at MXC, followed by HitBTC and BitMax. It’s also available from Coinbase, Binance, OkEx, Bittrex, Poloniex and many others.

The volume is well spread out across these exchanges which means that ZRX is not dependent on a singular market. There is also strong liquidity on the individual order books. For example, on Binance the ZRX / BTC books are deep and there is high turnover.

Once you have your ZRX in hand (so to speak) storing it is easy. It’s an ERC-20 token, so it can be stored in any wallet with ERC-20 support. That includes MyEtherWallet and MetaMask, as well as the hardware wallets Trezor and Ledger. There are also a number of software wallets that can be used such as the Exodus desktop wallet.

DevelopmentOften there can be a mismatch between the amount of development that a project claims that they are doing vs. the amount that is actually been done.

Therefore, I often like to dive right into their public code repositories and check out the amount of coding activity. Below are the top three most active repos in the 0x GitHub.

Code Commits to Select Repos over past 12 months

As you can see the developers are really active and have been pushing regular commits over the past year. These are also only three of the repos when there are a further 71 others with varying degrees of code commits.

This ranks 0x pretty highly when it comes to raw developer output. In fact, if we were to take a look at it compared to some of the other blockchain projects it is ranked at 13 in terms of code commits and 14 with overall activity.

Indeed this level of coding activity could make sense when viewed in the context of the broader roadmap. For example, in September of last year they released v2.0 of their protocol which required extensive testing and iterations.

0x RoadmapLooking ahead, there are some really exciting projects and features that the 0x developers are working on. These include larger protocol upgrades as well as numerous 0x Improvement Proposals (ZEIPs).

There are a number of these so I won't go into them here but some of the most exciting include the 0x Mesh & networked liquidity. This is a a peer-to-peer network for sharing orders which will serve as an alternative to the Standard Relayer API

There is also some really exciting research that is taking place on coordinators. These are essentially a service that will enforce certain rules over the execution of trades. They combine the best features of Order matching and the Open Orderbook.

There is also the many strides that are being made on the launch of v 3.0 of the 0x protocol. This has currently been deployed on the Kovan testnet. One of the most interesting features of v3.0 will be the inaugural launch of 0x staking.

The 0x team keeps their community fully updated about their development in their official blog as well as their broader documentation.

Conclusion0x is attempting to bring the strengths of both decentralized and centralized exchanges to the crypto space while leaving the weaknesses behind. Decentralization provides security of funds, while the use of off-chain relayers gives users the same low-cost trading they’ve come to expect from centralized exchanges.

By keeping settlements on-chain users receive all the benefits of a decentralized exchange, with transactions cleared just once to keep fees at a minimum. Adding smart contracts to manage the entire process keeps everything as secure as possible.

When you consider the huge amounts that have been involved in so many different centralized exchange hacks, it’s clear that a good decentralized solution is necessary.

0x could be that solution, but we wonder if their first-mover advantage will be enough to keep them in the lead as Binance prepares to launch their own decentralized exchange, and other leading centralized exchanges explore the possibility of decentralization as well.

GnosisDAO, the community behind the EVM-compatible layer 1 Gnosis Chain, has announced a strategic investment of US$1.5M and 500 GNO tokens in HOPR, a pioneer in providing fully private, uncensorable data exchange between peers.

The investment will facilitate the development of GnosisVPN, a fully decentralized Web3 VPN built on HOPR’s incentivized private mixnet.

TLDR GnosisDAO has decided to invest US$1.5M and 500 GNO tokens in HOPR to develop GnosisVPN, a fully decentralized Web3 VPN on an incentivized private mixnet. GnosisVPN will utilize HOPR’s mixnet technology to enhance data privacy and strengthen the resilience of decentralized infrastructure and services in the Gnosis ecosystem. The investment aligns with Gnosis’ commitment to building scalable and accessible infrastructure and services for individuals, prioritizing privacy and safety. The development of GnosisVPN follows a series of recent advancements from Gnosis, including uRamp, Gnosis Pay, and the integration of Hashi. Gnosis Chain has surpassed 200,000 validators, solidifying its position as the second-largest blockchain validator community globally. The decision to invest in HOPR and develop GnosisVPN aligns with Gnosis’ commitment to building scalable and accessible infrastructure and services for individuals while prioritizing privacy and safety.

By utilizing HOPR’s mixnet technology, GnosisVPN aims to enhance data privacy and strengthen the resilience of decentralized infrastructure and services within the broader Gnosis ecosystem.

Mixnets, short for Mix Networks, are an anonymity solution that keeps information sent over the internet private and secure by mixing up data from different sources before sending it to its destination.

HOPR’s incentivized private mixnet is the first of its kind, ensuring that node runners receive fair compensation for their valuable service.

Friederike Ernst of Gnosis emphasized the importance of privacy for the future of an open and equitable internet, stating that while privacy is not a native element of most blockchain technologies, it can be layered and interwoven into Web3.

GnosisVPN will initially deliver a service tailored to the requirements of typical Gnosis users, with a clear route towards adoption by the several billion users who currently use traditional VPNs with centralized chokepoints.

Supporting the development of a structurally superior decentralized alternative aligns with the overarching Gnosis 3.0 initiative, which aims to apply Web3 services for practical needs.

Sebastian Bürgel, Founder of HOPR, highlighted the close alignment of values between HOPR and Gnosis, with both projects sharing a steadfast commitment to furnishing infrastructure and services catered to individuals.

Building on a longstanding history of collaboration between the two projects, GnosisVPN represents one of GnosisDAO’s largest investments, solidifying their joint commitment to building scalable and accessible infrastructure and services for individuals.

This milestone follows a string of recent developments from Gnosis, including the introduction of uRamp, a platform aimed at streamlining transactions between on-chain assets and traditional fiat currencies, and Gnosis Pay, the world’s first decentralized payments network.

Earlier this month, GnosisDAO voted for the integration of Hashi, upgrading Gnosis Chain’s canonical bridges and setting a new standard for cross-chain security.

As of March 2024, Gnosis Chain surpassed 200,000 validators, solidifying its position as the second-largest blockchain validator community globally.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]

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