Track market-moving stories before they get noisy

Chainlink, VeChain Soar: is Alt Season Here?

BTC eyeing $14K, Ethereum above $350, much of market in the green

Bitcoin slips below $12K as altcoins move upward

Want to steal some Bitcoin? All you need to do is find your victim’s 16-character public key and calculate their private key by solving something called an “elliptic curve discrete logarithm problem.” No sweat! With a regular computer, that’ll take you around 50 million times the amount of time the universe itself has left—around 0.65 billion billion years. 

Ah, but with the right quantum computer, able to process information at speeds exponentially faster than today’s supercomputers? Suddenly, what seems uncrackable becomes child’s play, able to be broken in under 10 minutes. 

The quantum-computing problem is nothing new to crypto, and many experts believe we have at least a decade or more to come up with quantum-resistant cryptography. However, some observers say that recent and unexpectedly fast advances are causing the time horizon to dramatically shrink. The most aggressive estimate says that bitcoin will be hackable by 2027, according to Fact Based Insights.

“We moved the state of the art more in the last two years than it has progressed in the last 15 or 20,” says Stewart Allen, Chief Operating Officer at IonQ, a company that claims to make some of the most powerful quantum computers in the world, in an interview with Decrypt. 

On Thursday, top cryptographers will meet in Santa Barbara at the University of California for the National Institute of Standards and Technology (NIST) Post Quantum Cryptography semi finals. The finalists of the NIST competition will be announced in the months after the conference, though it might take years before the winner is annointed. Cryptographers say the standards that result represent blockchain’s best hope for resisting the rapidly encroaching power of quantum computers.

”If someone cracked your key, they could do anything they wanted,” Rob Campbell, President at Baltimore,Maryland-based Med Cybersecurity, told Decrypt. Anyone with sensitive information on the blockchain—cash, personal data, medical records—is at risk. With that sort of information, quantum hackers could “forge your name, take your assets,” and, if there’s medical data to be found, maliciously “triple your dose,” said Campbell. “It’s an open door.”

Take the Bitcoin blockchain: an unencrypted public key is sent along with every bitcoin transaction, and left unencrypted during the time it takes for the network to confirm the block, around ten minutes. That’s theoretically more than enough time for a quantum-equipped hacker to calculate a private key from the public key and replace the recipient’s address with his own. 

Que Quantum?   

Transistors in conventional computers capture data in terms of 1s and 0s. Is the sky blue today? If it is, 1. If not, 0. Computing is essentially combinations of these calculations: have enough transistors, you can compute almost anything. 

With quantum computers, it’s possible for the same input, called a qubit, to represent both 0 and 1 at the same time, a non-binary state known as “quantum superposition”—think Schrödinger's dead-and-alive cat. This makes quantum computers exponentially more powerful; one lone, superpositioned qubit can handle the processing load of at least two full-sized transistors on a regular computer. 

Using modified versions of “Shor’s algorithm,” a quantum algorithm that rapidly turns large numbers into prime factors, hackers could reverse the process that makes private keys so difficult to crack.

But at the moment, the best quantum computer is probably Google's Bristlecone quantum computer, which has 72 qubits. Miruna Rosca, a PhD student in post-quantum cryptography, tells Decrypt you’d probably need around 4000 qubits to break current cryptographic algorithms. 

So how long do we have? 

IonQ’s Allan, who creates quantum computers for a living, speculates it’ll take about a decade for post-quantum cryptography to become an issue. By then, he reckons, someone will probably have developed a quantum-resistant blockchain. Danny Ryan, a core researcher at Ethereum, thinks the same: “This isn't really a meaningful problem in the next 10 years and likely not for 20 to 30. That said, we tend to be bad at estimating things like this so we should be ready to transition sooner rather than later.” 

But others say the problem requires immediate attention, and that—beyond the threat to Bitcoin—quantum computing could pose a major cybersecurity threat. Med Cybersecurity’s Rob Campbell says that a government armed with quantum decryption software could read all the world’s secrets. 

A U.S. Navy signal officer by training, Campbell’s time in the classified research and development world has taught him that secret government technologies often outpace commercially available technology. “We were decades ahead of the commercial world,” he said. “We didn’t want any potential adversaries to know what our capabilities are.” 

Even if Campbell’s claims seem ambitious, he points out that if an enemy security agency scrape all of your encrypted data today—which they certainly could—they’ll be able to decrypt all that data once they’ve built a powerful enough quantum computer. That’s enough to make developing quantum-resistant cryptographic techniques an issue of national security. 

In any case, the arms race for quantum supremacy is well underway: China just spent $10 billion on a research center for quantum computers, and the U.S. has pumped hundreds of millions of dollars into the field.

Quantum-resistant techniques

Quantum computing can be just as effective for cryptographers as it is for hackers. Unobserved, superpositioned particles exist in multiple states, but when detected, they “collapse” to one point in space-time. Quantum cryptography has the same properties; because the protons that make up an encoded transaction shift upon observation, a successful attacker would have to break the laws of physics to intercept it. 

This makes information encoded at the quantum level resistant to, among other things, so-called “man in the middle attacks,” where attackers intercept the transmission itself without having to decrypt the key. 

A few blockchains claim to apply quantum-resistant techniques to ensure signatures and hashes remain encrypted, including QRL, IOTA, HyperCash, and Starkware. But with quantum computing still in its formative years, it’s difficult to determine the strength of these claims. 

Until a quantum-resistant algorithm is tested and accepted by the wider academic community, there’s no assurance that any of these blockchains will be resilient enough against quantum computers. Scientists like Campbell are waiting on the results of next week’s NIST competition at UCAL-Santa Barbara; the final winners might not be announced for a few years, however. NIST tentatively expects drafts for standardisation will be completed around 2022.

“These winners are considered to be the best candidates on Earth and will likely go on to be standard cryptography and will be used by most of the planet,” says Campbell.

But developing the algorithm might not be the difficult part for large blockchains like Ethereum or Bitcoin. Whereas owners of centralized protocols can update the system as they please, blockchains, democratic by nature, require broad consensus among many thousands of miners to pass an upgrade. 

In the case of an upgrade, all wallets that aren’t quantum-resistant become vulnerable to attack. That includes the 1 million bitcoins mined by Bitcoin’s pseudonymous inventor, Satoshi Nakamoto—if those aren’t migrated to a new, quantum-resistant wallet, they’re treasure for the first person with a powerful enough quantum computer.

“If high powered quantum computers appeared tomorrow,” said Ethereum’s Ryan, “we'd have many more problems than just the security of our blockchains.”

A 2019 National Academy of Sciences report concludes that, even if quantum computing is about a decade off, prioritising research is necessary to minimize “the chance of a potential security and privacy disaster.” Best get cracking, then.

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

Xi Blockchain Endorsement Triggered Buying Frenzy in Chinese Cryptocurrencies

Posted: January 19, 2020

It is a common narrative in the digital asset industry that most of the time, Bitcoin is responsible for driving the market on a bullish surge. This is largely due to the fact that presently, Bitcoin dominates the crypto-market cap, with a dominance index of 66.3%, at press time.

However, over the past week, the tables may have turned a little in favor of the altcoins, with these crypto-assets outperforming the world’s largest cryptocurrency in some aspects.

According to Arcane Research, Bitcoin’s market-cap-weighted index has lagged behind mid-caps and small-caps, since the start of the year.

Source: Arcane Research

It can be observed that the Mid-cap crypto-index has led the way since 1 January, recording a collective growth of 47.19 percent. According to Weiss Mid-Cap Crypto Index, the registered growth is above 50 percent, at press time.

Weiss Crypto ratings for the Small-Cap Crypto-Index have been incurring a positive rise as well with a return of over 35% in 2020. The likes of Komodo, Sia, HyperCash, and Bitshares have earned a major bullish advantage over the bullish period.

For Mid-Cap altcoins, Dash has been a significant performer with a registered hike of over 100 percent. In fact, the growth briefly allowed Dash to break into the top 10 of the world’s top crypto-assets, before the altcoin failed to consolidate higher. Dash has registered a significant drop since, and it is down to 16th on the cryptocurrency rankings charts.

Bitcoin, however, has lagged behind all the indexes in 2020 as it registered a spike of only 21 percent in 2020. Moreover, it was also reported that BTC lost over 3 percent of its total market share over the past week, dropping down to 66% from 69% in terms of market dominance.

Zcash has completed a two-phase emergency network upgrade to fix a critical vulnerability in its Orchard shielded pool — a flaw that sat undetected for four years, could theoretically have allowed unlimited undetectable counterfeit ZEC creation, and triggered a 50% price collapse before the network’s swift response began restoring confidence and driving a recovery in ZEC’s price.

Josh Swihart, CEO of Electric Coin Company — the primary developer of Zcash — posted on X on June 7 confirming the fix was complete and the network secure, as ZEC began its recovery from the lows reached after the vulnerability’s disclosure.

The post arrived at a critical moment for the asset: ZEC had crashed approximately 50% from a June 4 peak of $624 to $309 on June 5, wiping more than $3 billion from its market capitalization, per the BitMEX Blog’s documented timeline of the incident.

ZEC's price trends to the upside over the past 48 hours, as seen on the daily chart. Source: ZECUSD on Tradingview How The Zcash Bug Was Found — And What It Was The vulnerability was discovered on May 29, 2026 by security researcher Taylor Hornby during a protocol audit commissioned by Shielded Labs. Hornby identified a “soundness” flaw in Zcash’s Orchard zero-knowledge proof circuit — specifically an under-constrained element in the Orchard Action circuit that could allow invalid state transitions, creating a theoretical double-spending risk within the shielded pool.

The discovery was made using Anthropic’s Claude Opus 4.8 AI model alongside a custom analysis suite, per Shielded Labs’ official disclosure. Hornby and the AI developed a working proof-of-concept that successfully generated unlimited, completely undetectable counterfeit ZEC in a local test environment — described by one independent analyst as “about the worst kind of bug a cryptocurrency can have,” per Yahoo Finance’s reporting of the disclosure.

Critically, the flaw did not permit inflation of the total ZEC supply on the live network. Zcash’s internal turnstile accounting mechanism — which tracks the total value moving into and out of the shielded pool — confirmed no unauthorized value creation occurred while the flaw was active, per Shielded Labs’ official statement.

However, the organization acknowledged directly that due to the privacy properties of Orchard and the nature of the bug, there is no definitive cryptographic way to determine whether exploitation occurred — a limitation inherent to the shielded pool’s design that became its own source of market concern. The vulnerability had been present since Orchard’s activation in May 2022 — four years — without detection.

The Emergency Response Zcash’s development ecosystem responded with unusual speed. The first phase was an emergency soft fork deployed through Zebra 4.5.3, activated at block 3,363,426 on June 2, which temporarily disabled all Orchard transactions to remove the attack path while developers prepared the permanent fix.

Transparent and Sapling transactions continued operating normally throughout, per the Zcash Foundation’s official announcement on X. The second phase arrived on June 3 through the NU6.2 hard fork — activated at block 3,364,600 via Zebra 5.0.0 — which introduced a corrected circuit and a new verifying key, patching the flaw and re-enabling Orchard transactions, per the Foundation.

The market’s initial reaction to the hard fork was positive. ZEC rose from $544 on June 2 to $603 on June 3, continuing to $624 on June 4 — its highest level since the rally began. Then Arthur Hayes publicly disclosed he had exited his entire ZEC position intraday on June 4 — the same day as the peak — citing five macro factors including higher energy prices and upcoming AI IPOs, per his X post covered in prior reporting. The combination of Hayes’ exit and lingering uncertainty about whether exploitation had occurred before the patch sent ZEC to $309 on June 5.

The Recovery And What It Means Swihart’s June 7 X post — reassuring the community that total ZEC supply remained intact throughout and that the network had passed through the emergency without confirmed exploitation — appears to have been the catalyst for the recovery now underway. The swift two-phase response, combined with the Foundation’s transparent disclosure and Swihart’s direct communication, provided the confidence signal the market needed.

This development marks a pivotal and genuinely uncomfortable moment for Zcash’s long-term positioning in the nascent sector. A four-year-old vulnerability in the Orchard pool — the very component that defines ZEC’s core privacy value proposition — has been fixed cleanly and without confirmed exploitation.

But the structural irony that the privacy properties that make Zcash valuable also make it impossible to confirm the vulnerability was never used will remain a question mark the community will need to address as the recovery continues.

As of this writing, ZEC trades at around $430, recovering from its June 5 lows as confidence in the network’s security response gradually rebuilds.

Cover image from Grok, ZECUSD Chart from Tradingview

BitMEX Launches 2026 Trading Cup featuring $200,000 Prize Pool and More Rewards

A crypto wallet that may belong to BitMEX co-founder Arthur Hayes has purchased 3,000 ETH worth roughly $5.42 million just after a US-Iran peace deal lifted sentiment across digital asset markets.

Hayes-Linked Wallet Received 3,000 ETH According to Lookonchain, the wallet possibly tied to Hayes received the 3,000 ETH from market maker Flowdesk on June 15. “A wallet possibly linked to Arthur Hayes received 3,000 ETH ($5.42M) from Flowdesk an hour ago,” the on-chain tracker wrote on X.

The purchase stands out given Hayes’s recent posture. Over the past two weeks, the Maelstrom chief investment officer had been cutting risk aggressively.

In his “Reality Test” essay published June 8, he liquidated his Hyperliquid, Near Protocol and Worldcoin holdings and exited Zcash, calling the moves defensive. He framed the selling as macro de-risking rather than a loss of faith in the projects, and kept Bitcoin and Ether as core holdings.

Even while trimming altcoins, Hayes has stayed structurally bullish on Ethereum. In a June 2026 thesis, he projected ETH reaching $10,000 to $20,000 before the end of the current cycle, citing macro liquidity expansion and Ethereum’s role as the collateral layer for DeFi.

The timing also comes amid a shift in the macro backdrop. On Sunday, President Trump declared the Iran deal complete, authorizing the reopening of the Strait of Hormuz and the removal of the US naval blockade, with a formal signing ceremony set for June 19 in Switzerland.

Bitcoin Tops $66.5K as Trump Says Hormuz Shipping Resumes As reported, Bitcoin surged past $66,500 on Monday after Donald Trump posted on Truth Social that maritime traffic through the Strait of Hormuz had resumed more freely. He wrote that ships, many loaded with oil, were moving out of the strait along a southern route he described as safe and secure.

The remarks signaled improving shipping flows through a critical chokepoint for global crude, sparking a risk-on mood that pushed BTC up 3.5% to $66,570 at press time, leading gains across major cryptocurrencies.

Crude oil prices, meanwhile, dropped 5.13% to $80.53 per barrel. The inverse relationship matters. When oil spiked above $100 during the height of the conflict, Bitcoin had crashed below $60,000 as capital fled risk assets. With supply fears now easing, some analysts believe the strait’s reopening could have a lasting positive effect on Bitcoin and the wider crypto market.

Still, the broader market reaction has been guarded. Traders remain skeptical of a lasting turnaround, with more than $4.8 billion having exited US Bitcoin ETF products since May, and previous Middle East ceasefires this year collapsed before holding.

TLDR: Table of Contents

TLDR:Arthur Hayes ETH Purchase Emerges Through Flowdesk OTC TransferEthereum Trading Activity Picks Up as ETH Gains Momentum Arthur Hayes received 3,000 ETH worth about $5.42 million through a Flowdesk OTC transaction. On-chain records linked the transfer to a wallet previously associated with the BitMEX co-founder. The OTC structure reduced order book impact and avoided visible exchange-based buying pressure. Ethereum’s recent price strength has increased attention on large wallet accumulation activity. Arthur Hayes has added 3,000 ETH to a wallet linked to him, according to newly surfaced on-chain data. The transaction carried an estimated value of $5.42 million at the time of transfer. 

Data shows the Ethereum was routed through Flowdesk’s over-the-counter trading desk rather than a public exchange. The move arrives as ETH records a strong daily gain and renewed activity across crypto trading markets.

Arthur Hayes ETH Purchase Emerges Through Flowdesk OTC Transfer Blockchain tracking data shared by Hupzy and sourced from Lookonchain showed a wallet associated with the BitMEX co-founder receiving 3,000 ETH.

📈 𝗔𝗿𝘁𝗵𝘂𝗿 𝗛𝗮𝘆𝗲𝘀 has purchased 𝟯,𝟬𝟬𝟬 𝗘𝗧𝗛 (~$𝟱.𝟰𝟮𝗠) via Flowdesk OTC, according to on-chain data. A wallet linked to the BitMEX co-founder received the ETH roughly an hour ago.https://t.co/xU3uC6VXE8

𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Hayes has a track record of large,… pic.twitter.com/XeA3xEQPCM

— Hupzy (Spot On Chain) (@hupzy_agent) June 15, 2026

The transfer occurred roughly one hour before the transaction was highlighted on social media. On-chain records indicate the assets were delivered through Flowdesk’s OTC infrastructure.

Unlike exchange-based purchases, OTC transactions allow large buyers to acquire assets without placing sizable orders on public order books.

That approach can help reduce market impact during execution. It also limits visible buying pressure that often accompanies large spot purchases.

The wallet identified in the transaction has been linked to Hayes through previous blockchain activity. The transfer therefore attracted attention across crypto trading communities.

According to the data shared by Hupzy, the transaction was valued at approximately $5.42 million based on prevailing Ethereum prices.

The purchase follows a period of heightened volatility for ETH, which posted a double-digit gain over the previous 24 hours.

Hayes has previously made large directional Ethereum bets, making his wallet activity closely watched by market participants.

Ethereum Trading Activity Picks Up as ETH Gains Momentum The OTC route used for the transaction stood out because it avoided immediate interaction with exchange liquidity.

Market participants often use OTC desks when executing large orders that could otherwise create price slippage.

Hupzy noted that the Flowdesk transaction structure reduced the likelihood of moving the market during execution.

Because the trade occurred away from public order books, no additional spot selling pressure emerged from the transaction itself.

Ethereum continued trading above recent consolidation levels following the transfer. Recent market action placed attention on the $2,450 to $2,500 range identified in the shared market commentary.

While the transaction represents a notable purchase, the data reflects activity from a single wallet rather than a broader market trend.

Lookonchain’s tracking data and Arkham-linked wallet records remain the primary sources confirming the transfer.

The development adds another closely watched Ethereum transaction to a market already seeing increased trading activity and renewed attention toward large on-chain movements.

Maelstrom CIO and BitMEX co-founder Arthur Hayes has rejected accusations that he is using his X influence to create exit liquidity for his own trades.

The allegations came from on-chain investigator ZachXBT, who accused Hayes of promoting cryptocurrencies such as Zcash, NEAR Protocol, and Hyperliquid before selling his holdings and leaving followers with losses. 

How much exit liquidity was created from your followers over the past couple days?

First NEAR HYPE ZEC
Now WLD pic.twitter.com/vyDXwCHRwO

— ZachXBT (@zachxbt) June 6, 2026

Hayes Denies Claims  In response, Hayes argued that he neither manages money for others nor provides financial advice. He stressed that he never instructs people to buy, sell, or hold any asset.

According to Hayes, his posts simply disclose his personal investment decisions. He emphasized that readers are free to agree or disagree with his views, conduct their own research, and make independent investment choices.

Furthermore, Hayes challenged critics to find any instance where he explicitly told followers what they should do with their money. Instead, he maintained that he merely shares what he is doing and leaves investment decisions entirely up to his audience.

Hayes also acknowledged that a large percentage of his market predictions—roughly 70% to 90%—turn out to be wrong. However, he argued that successful investing does not require a high win rate.

Instead, Hayes explained that he generates profits by allocating larger amounts of capital to ideas in which he has the highest conviction while limiting exposure to lower-confidence trades. As a result, his winning positions can outweigh losses from incorrect calls. 

Crypto Enthusiasts React  Meanwhile, Hayes is known for publicly disclosing his trades on X, where he has amassed more than 802,000 followers. He has frequently shared his positions in tokens such as ZEC, HYPE, NEAR, and WLD.

Notably, Hayes often updates followers when he exits positions after losing confidence in a project. Critics, including ZachXBT, argue that this pattern of publicly promoting tokens and later selling them effectively turns followers into exit liquidity. Hayes, however, maintains that he is simply documenting his investment activity rather than encouraging others to copy his trades. 

Given his influence in the crypto market, some interpret his remarks as indirect signals that may guide investor behavior. 

Hayes Returns to Ethereum Meanwhile, Hayes appears to be rebuilding his exposure to Ethereum after previously dumping his entire holdings. Last year, he sold nearly 1,900 ETH to rotate capital into decentralized finance (DeFi) tokens.

However, recent on-chain data shows that Hayes has resumed accumulating Ethereum. He purchased 1,400 ETH yesterday, bringing the wallet’s holdings to 4,400 ETH, valued at about $7.78 million. This move suggests renewed confidence in Ethereum despite his earlier shift toward alternative crypto investments. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Arthur Hayes, the founder of BitMEX and a closely followed figure in the cryptocurrency market, has reportedly purchased Ethereum (ETH). According to information shared by the on-chain data platform Onchain Lens, a wallet address allegedly linked to Hayes purchased a total of 1,500 ETH through market maker and liquidity provider Cumberland.

The transaction, reportedly worth approximately $2.63 million, has attracted attention within the cryptocurrency community. Given the recent focus on Ethereum’s price performance and the interest from institutional investors, this transaction by a wallet allegedly linked to Hayes is seen as an indicator of positive expectations for the market’s future.

Arthur Hayes stands out as one of the most influential figures in the cryptocurrency sector, thanks to his past market analyses and bold price predictions. In recent years, his assessments of Bitcoin and Ethereum, in particular, have been closely followed by investors, and his transactions are considered important signals regarding market sentiment.

Analysts note that the continued accumulation of Ethereum by large investors and high-capital wallets indicates sustained long-term confidence in the asset. However, experts emphasize that a single transaction is not enough to determine market direction, and investors should also monitor broader indicators such as macroeconomic developments, network activity, and institutional demand.

Ethereum maintains its leading position in decentralized finance (DeFi), tokenization, and smart contract applications, and large-scale purchases indicate continued market interest. The latest transaction from a wallet reportedly linked to Arthur Hayes is considered a new example of this interest.

*This is not investment advice.

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

The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.

According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.

4 minutes ago

Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify

Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)

4 minutes ago

Crypto token M plunged over 80% in a short period, hitting a low near $0.5.

According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.

4 minutes ago

Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.

Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.

4 minutes ago

Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.

According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.

4 minutes ago

Two whales opened a short position worth approximately $90 million on the S&P 500.

According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.

4 minutes ago

Arthur Hayes, co-founder of BitMEX and a notable figure in the cryptocurrency industry, has closed a recent Ethereum position with significant losses. According to on-chain analytics platform Lookonchain, Hayes sold 6,000 ETH at an average price of $1,690 each, despite acquiring around 5,900 ETH at an average of $1,793 just days earlier. This resulted in an estimated $606,000 loss for Hayes, with the total sale value amounting to approximately $10.14 million.

Hayes exits, major wallets buy inLookonchain’s data suggests Hayes has taken a more cautious approach in the short term, a departure from his well-documented strategy of buying during dips and selling into market rallies. Hayes’ decision to exit at a loss has drawn considerable attention from market participants, as he is often regarded as an indicator of broader sentiment on Ethereum price direction.

Lookonchain reported that Arthur Hayes accumulated 5,900 ETH at an average of $1,793 over the past four days and then sold 6,000 ETH at $1,690, realizing a loss of approximately $606,000.

During the same period, other large investors moved in the opposite direction. K3 Capital withdrew 10,000 ETH from Binance, while a wallet associated with Chun Wang accumulated an additional 7,650 ETH. Altogether, these transactions saw 17,650 ETH accumulated by large players, signaling that some institutional investors viewed the current price levels as a buying opportunity.

Glossary: Lookonchain is an on-chain data platform tracking wallet movements across blockchains, highlighting major transfers and trading activity.

PartyActionAmountPrice/ValueArthur HayesSell6,000 ETH$1,690, $10.14 millionK3 CapitalWithdrawal10,000 ETH$16.9 millionChun Wang linked walletBuy/withdrawal7,650 ETH$12.9 millionEthereum holds key levels near $1,700Ethereum has lately been trading around the $1,700 mark. This level is significantly below the April peak, which topped $2,400, but sits above the June low of $1,507. Technical charts indicate the 78.6% Fibonacci retracement zone near $1,703 has become a focal point for traders monitoring potential support.

Technical indicators continue to show downside pressure. The Relative Strength Index (RSI) remains below the neutral 50 level, while the MACD oscillator persists in negative territory. Analysts note that these conditions suggest downward momentum for Ethereum has yet to abate.

The team at LAMBO observed a clear trading range for Ethereum between $1,500 and $1,800, emphasizing that a breakout from this band will likely dictate the direction of the next major move.

Support and resistance levels definedCoinGlass data shows that liquidity is concentrated between $1,780 and $1,820, with $1,800 in particular emerging as a significant resistance area due to strong order depth. If Ethereum can sustain a move above this zone, the $1,856 level is likely to come into play as the next possible target.

Conversely, analysts caution that losing support at $1,700 could see the market focus first on $1,620, then on the June low of $1,507. On the four-hour charts, Ethereum remains below a descending trend line that has capped upward attempts since early May, highlighting continued technical weakness.

The report also noted that Hayes has recently sold positions in other assets, including Worldcoin, Hyperliquid, and NEAR Protocol. These moves reinforce the view that Hayes has shifted to a more defensive stance across his portfolio in the current market environment.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Arthur Hayes Sees $40,000 Bitcoin Bottom Within the Next Six Months

DeFi Lending Hacks Now Cost Users Just $3 for Every $10,000 Locked

Euler is modular lending infrastructure for onchain credit.

It lets markets, vaults, and credit products be created around specific assets, collateral rules, pricing models, liquidation settings, governance paths, and account relationships.

The core idea is simple: vaults define market rules, and Euler’s account infrastructure defines how selected vaults and accounts can interact.

That makes Euler a credit layer for programmable finance.

What Euler IsEuler is infrastructure for creating and operating lending markets.

A lending market needs more than supply and borrow buttons. It needs rules for collateral, pricing, interest rates, caps, liquidations, roles, and account control. It also needs clear boundaries around which assets can interact with one another.

Euler V2 breaks those pieces into modular primitives.

The Euler Vault Kit creates configurable ERC-4626 lending vaults. The Ethereum Vault Connector coordinates collateral relationships, account checks, operators, sub-accounts, and batched execution across selected vaults.

Together, they let markets be built, connected, and operated without forcing every asset into one shared risk environment.

Euler Vault KitThe Euler Vault Kit, or EVK, is the framework for creating Euler lending vaults.

Each vault is an ERC-4626 vault with its own configuration. A vault can define its underlying asset, oracle source, interest rate model, borrow and supply caps, liquidation settings, collateral rules, governor, curator, and other market parameters.

This gives builders a standard way to launch lending markets while still controlling the details that matter for the asset and use case.

A vault can be simple and isolated. It can also be part of a larger market design where selected vaults recognize one another as collateral through EVC.

Ethereum Vault ConnectorThe Ethereum Vault Connector, or EVC, is account infrastructure for ERC-4626 vaults.

EVC lets selected vaults recognize deposits in other vaults as collateral. It also supports sub-accounts, scoped operator permissions, batching, and account status checks.

This matters because lending markets often need coordination across multiple vaults. A user may supply one asset, borrow another, repay, rebalance, or move through several steps in one execution path. A builder may need to separate accounts, delegate specific permissions, or connect collateral relationships without building account infrastructure from scratch.

EVC provides that coordination layer.

It does not define the market’s risk model. Vaults and products define those rules. EVC defines how selected vaults and accounts can interact.

Risk Isolation on EulerEach Euler vault is an ERC-4626 lending vault with its own asset, collateral rules, oracle configuration, interest rate model, borrow and supply caps, liquidation parameters, governor, and curator. That means a market can be created with risk parameters specific to the asset and the intended borrower or lender base.

Risk does not automatically flow across every Euler market.

A vault only recognizes another vault as collateral when that relationship is explicitly configured through the Ethereum Vault Connector. This lets builders create isolated markets, selected collateral clusters, or broader cross-collateralized designs without forcing every asset into one shared risk environment.

Market Types on EulerEuler can support several market structures from the same primitives.

Isolated MarketsAn isolated market scopes activity around a defined vault or vault relationship.

This structure is useful when the market needs clear boundaries around collateral, borrow exposure, pricing, and liquidation rules. Long-tail assets, new collateral types, and higher-risk markets often benefit from this type of separation.

Cross-Collateralized MarketsA cross-collateralized market lets selected vaults recognize one another as collateral.

EVC makes this explicit. Vaults do not automatically share risk across the whole system. The market design defines which collateral relationships exist.

This can support markets where several assets are meant to work together, such as stablecoin clusters, related staking assets, or curated collateral sets.

Rehypothecated MarketsA rehypothecated market lets supplied assets be borrowed by other users.

This can improve capital efficiency because deposits are not only used as collateral. They can also support borrowing activity and earn lending interest where there is market demand.

Rehypothecation introduces additional risk. Users and curators need to evaluate liquidity, utilization, borrow demand, caps, collateral rules, and liquidation parameters.

Escrowed Collateral MarketsAn escrowed collateral vault can hold deposits that are used as collateral without allowing borrowing from that vault.

This is useful when an asset should support borrowing elsewhere, but should not itself be lent out. It can help create collateral utility while keeping the supplied asset from being rehypothecated.

Earn VaultsEuler Earn vaults allocate one deposited asset across selected Euler markets or compatible ERC-4626 allocation targets.

Users interact with one vault position. Curators define the eligible markets, allocation caps, queues, roles, and rebalancing logic behind it.

Earn vaults turn a set of Euler markets into a single curated vault product.

Aave vs Morpho vs EulerAave, Morpho, and Euler each use a different market design.

Aave is known for shared-pool lending. Assets are listed into markets where users can supply and borrow against a broad set of approved collateral. This can create deep liquidity and a simple user experience, but risk is coordinated across the listed assets in that market.

Morpho is known for isolated lending markets. Morpho Blue markets are defined around a specific loan asset, collateral asset, oracle, interest rate model, and loan-to-value. This makes risk easier to isolate, but collateral and liquidity are separated market by market.

Euler uses modular lending vaults. Each vault defines its own rules, and selected vaults can recognize one another as collateral through EVC. This means Euler can support Aave-like cross-collateralized markets, Morpho-like isolated markets, and market structures that sit between the two.

The important distinction is configurability.

Euler does not require every asset to share one risk environment. It also does not limit every market to one isolated pair. Builders and curators can define the vaults, collateral relationships, caps, oracles, liquidation rules, governors, and operating roles that fit the market they want to create.

What Can Be Built on EulerEuler can support many credit products from the same underlying primitives.

Credit MarketsLaunch markets around specific assets with defined collateral, borrow limits, pricing, oracle, and liquidation rules.

Earn VaultsCreate ERC-4626 vaults that allocate one deposited asset across selected Euler markets or compatible allocation targets, with curator-defined caps, queues, and rebalancing logic.

Curated ProductsPackage selected markets into vaults, allocation products, or user-facing lending experiences with defined roles and operating paths.

Institutional MarketsCreate open or permissioned lending markets with asset-specific collateral rules, hooks, operating roles, and market parameters.

Embedded Lending ApplicationsIntegrate supply, borrow, repay, collateral, and account flows directly into apps, wallets, and product interfaces.

Agent WorkflowsUse Euler’s structured data, SDKs, APIs, llms.txt, operators, sub-accounts, and batching to let software read market state and prepare scoped lending actions.

EulerSwapCreate AMM liquidity inside Euler vault positions, connecting swap execution with lending, collateral, and LP-specific pool design.

Integrating Euler Into ProductsEuler is not only a destination app. It is infrastructure that other products can build on.

Apps, wallets, agents, institutional platforms, vault products, and market interfaces can integrate Euler primitives directly into their own user flows.

An integrator can use Euler to:

create a lending market around a supported assetadd borrowing or collateral flows to an applicationoffer access to selected Earn vaultsbuild a curator interface for market operationroute users through supply, borrow, repay, and withdraw flowsautomate approved actions through scoped operatorsread market data through structured interfaces and docsThe product can own the interface while Euler provides the lending, collateral, vault, and account infrastructure underneath.

SecurityEuler V2 was built through a multi-layered security process.

The protocol has undergone internal review, independent audits, fuzz testing, formal verification, public audit competitions, live Capture the Flag programs, monitoring, and bug bounty coverage.

Security work is also reflected in the architecture. Modular components are easier to specify, test, and review. Vault-level parameters make market assumptions more explicit. EVC makes collateral relationships and account interactions defined rather than implicit.

No security process removes protocol risk.

Users, curators, and integrators should evaluate vault parameters, oracle configuration, collateral relationships, liquidity, governance paths, and applicable market risks before interacting with any market.

Who Euler Is ForEuler serves several groups.

Users can access lending markets, borrowing markets, Earn vaults, and swap products through interfaces built on Euler.

Curators can launch and operate markets or vault products with defined parameters, roles, caps, queues, and update paths.

Builders can create credit products using EVK, EVC, hooks, SDKs, APIs, and documentation.

Institutions can structure markets around defined collateral, participant sets, operating roles, and asset-specific requirements.

Agents and automation systems can read market data, evaluate vault rules, and execute approved actions through scoped permissions and batched execution.

The Short VersionEuler is modular lending infrastructure.

EVK creates configurable ERC-4626 lending vaults.
EVC connects selected vaults and accounts.
Hooks, operators, sub-accounts, SDKs, APIs, and docs extend what can be built around them.

Euler can support isolated markets, cross-collateralized markets, rehypothecated markets, escrowed collateral, Earn vaults, embedded lending apps, institutional markets, agent workflows, and AMM liquidity inside vault positions.

The result is a credit layer for programmable finance: markets, vaults, and products with configurable collateral, pricing, liquidations, roles, and vault relationships.

PANews reported on May 28th that, according to CoinDesk, VanEck's tokenized US Treasuries fund VBILL, issued by Securitize, has been launched on the decentralized lending protocol Euler. Accredited investors can use it as on-chain collateral for lending, while meeting securities compliance requirements. Euler integrated Securitize's DS Protocol earlier this year to enforce investor eligibility and transfer restrictions in DeFi and obtain VBILL pricing via the RedStone oracle.

The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.

According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.

3 minutes ago

Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify

Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)

3 minutes ago

Crypto token M plunged over 80% in a short period, hitting a low near $0.5.

According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.

3 minutes ago

Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.

Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.

3 minutes ago

Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.

According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.

3 minutes ago

Two whales opened a short position worth approximately $90 million on the S&P 500.

According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.

3 minutes ago

VanEck’s tokenized treasury fund has started trading on Euler using Securitize’s infrastructure, marking a new milestone in decentralized finance. Through this development, eligible investors can now use US Treasury bills represented as tokens on blockchain as collateral, gaining access to liquidity directly within the DeFi ecosystem.

The VBILL tokenized treasury product, operated by Securitize and developed by VanEck, is now available on the Euler platform. Investors can offer US Treasury bills as on-chain collateral and borrow within a blockchain environment, with Securitize’s proprietary DS Protocol deployed throughout the process.

Glossary: The Securitize DS Protocol is a software standard that automatically checks investor eligibility and transfer restrictions for securities transactions on blockchain. This ensures assets are only transferred between approved parties.

Thanks to this protocol, conditions regarding who can transfer tokenized treasury bills and under what circumstances are strictly defined. This framework is widely regarded as essential for compliance-focused investing. Real-time price feeds are delivered via RedStone oracles, ensuring the accurate valuation of token collateral pledged by investors.

According to Securitize ecosystem lead Graham Ferguson, “Some protocols are now showing interest in permissioned assets. Previously, this was uncommon in the DeFi market.”

Institutions ramp up blockchain adoptionThe listing on Euler comes at a time when major financial institutions are increasingly engaging with blockchain-based treasury and money market products. Data from RWA.xyz shows that assets under management in tokenized US Treasuries have topped $15 billion, growing nearly 150 percent over the past year.

Industry giants such as BlackRock, Franklin Templeton, and Janus Henderson have emerged as leading participants in this expanding market. These products primarily target institutional investors seeking collateral linked to real-world yields. Nonetheless, the current volume of tokenized assets in this space remains modest compared to broader financial sector expectations.

OrganizationTokenized Treasury Assets (2024)RWA.xyz$15 billionStandard Chartered (Projected 2028)$2 trillionBCG & Ripple (Projected 2033)$18.9 trillionEuler and DeFi platforms usher in a new eraCurrently, Euler hosts over $320 million in assets on its platform. In recent times, it has pivoted away from a fully permissionless model to adopt a financial architecture more accessible to institutional users. Similarly, other decentralized finance protocols like Aave have begun transforming by introducing real-world asset-based lending platforms, such as Horizon.

Securitize underscores the need for DeFi protocols to align open blockchain structures with institutional compliance standards. As a result, major fund managers and institutional actors are increasingly seeking permissioned assets that comply with regulatory norms. This shift is prompting DeFi protocols to adapt their systems to attract institutional capital.

Institutional dimension arrives for DeFi with tokenized productsThe addition of VBILL to Euler demonstrates that tokenized securities can flow through decentralized channels without sacrificing regulatory oversight. Securitize’s DS Protocol makes this adaptation possible by automatically managing investor qualification and transfer rules within the system.

Thanks to this collaboration, institutional investors on Euler can now use regulated treasury products, not just typical cryptocurrencies, as collateral. This signals a new bridge for DeFi infrastructure into the world of traditional finance, setting the stage for greater institutional participation.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

DECRYPT: DeFi Protocols Are Adjusting for Institutional Investors by Offering Tokenized Treasury Funds on Euler

DeFi fixed income has reached a new milestone.

For the first time, an on-chain fixed-rate borrowing market is being anchored to a transparent benchmark rate.

Curated by KPK, the new ETH markets on Euler set their borrowing rate each cycle using the Treehouse Ethereum Staking Rate (TESR), Treehouse’s on-chain benchmark for Ethereum staking yields under the Decentralized Offered Rates (DOR) framework.

This marks an important step forward for DeFi fixed income: moving from purely variable-rate markets toward benchmark-driven primitives that are transparent, predictable, and accessible on-chain.

DeFi’s First Fixed-Rate Market, Powered by TESR Now live on Euler, the tETH/WETH and wstETH/WETH markets let users deposit tETH or wstETH as collateral and borrow WETH at a fixed rate for the duration of each monthly cycle.

Once a cycle begins, the borrow rate is anchored and locked to the TESR 30-day consensus.

There are no mid-cycle rate changes, no sudden repricing, and no unexpected shifts in borrowing rates during the term. At the end of each cycle, the market references the latest TESR reading before setting the rate for the next cycle.

This creates a more predictable borrowing experience for users who want to manage leverage, duration, and yield strategies without being exposed to constant variable-rate movements.

Borrow WETH at a fixed rate on Euler using tETH or wstETH as collateral.

Why Fixed Rates Matter  Most DeFi lending markets today are variable-rate by design.

While variable rates work for flexible borrowing, they introduce uncertainty. Borrowers cannot reliably forecast their cost of capital. A sudden rate spike can compress returns, disrupt strategies, or erase the expected profit from an entire cycle. 

This is one of the biggest missing pieces in DeFi credit markets.

In traditional finance, fixed income markets are built around rate benchmarks. These benchmarks give lenders, borrowers, institutions, and structured products a common reference point for pricing capital across different durations.

DeFi has historically lacked this foundation.

Without credible, transparent, and widely usable benchmark rates:

Fixed-rate markets have struggled to scaleLiquidity has remained fragmentedPricing has been difficult to standardizeMany fixed-rate products have remained short-lived The TESR-anchored Euler market offers a new path forward.

What is TESR?  TESR, or the Treehouse Ethereum Staking Rate, is the first benchmark under Treehouse’s Decentralized Offered Rates (DOR) framework.

TESR is designed to serve as a transparent reference rate for Ethereum staking yields. Under the DOR consensus-based framework, institutional panelists submit daily 30-day forward forecasts for ETH staking yields. These submissions form a consensus benchmark rate that is transparent, auditable, and resistant to manipulation.

By anchoring fixed-rate markets to TESR, DeFi protocols can price products against a rate that reflects forward-looking expectations for ETH staking yields, rather than relying solely on market utilization or isolated liquidity conditions.

This allows fixed-rate markets to become more standardized, more composable, and more aligned with the way mature credit markets operate.

View the Treehouse Ethereum Staking Rate (TESR) here.

Curated by KPK The market is curated by KPK, one of DeFi’s leading vault curators.

KPK curates vaults across Morpho, Euler, and Gearbox, bringing institutional-grade risk frameworks and structured collateral management to DeFi lending. Their role here extends that same discipline to ETH credit on Euler.

Through its ETH Yield Term vault, KPK supplies WETH liquidity into the Euler market, enabling borrowers to access fixed-rate capital backed by tETH or wstETH collateral.

The decision to build this market around TESR reflects a broader shift in DeFi. Fixed income products need credible benchmarks, professional curation, and transparent infrastructure in order to scale.

From Institutional Desks to Public DeFi Markets  TESR has already begun gaining adoption beyond Treehouse.

Through FalconX, the first TESR-referenced institutional ETH staking rate forwards was launched in September 2025, bringing benchmark-based fixed-income products to institutional trading desks.

Now, that same benchmark powers an open on-chain market accessible to anyone through Euler.

TESR is moving from institutional use cases into public DeFi infrastructure, demonstrating how DOR benchmarks can support both professional counterparties and permissionless markets.

Why This Matters for DeFi  Every mature credit market depends on credible benchmark rates.

Traditional finance has used benchmarks such as LIBOR, SOFR, treasury curves, and other reference rates to price loans, derivatives, swaps, bonds, and structured credit products. These benchmarks create a shared foundation for capital markets by giving participants a common reference point.

DeFi has not had an equivalent foundation.

Most on-chain lending markets are still driven by variable utilization curves. While powerful, these models are not enough to support the full development of fixed income markets. To build more advanced credit products, DeFi needs benchmark rates that are transparent, resilient, and composable.

By bringing benchmark rates on-chain, DOR enables protocols, curators, market makers, and institutions to build financial products that can reference standardized rates directly within DeFi.

The Euler market enabled by TESR is an early example of what that infrastructure can unlock.

Building the Fixed Income Layer of Digital Assets  Treehouse is building the fixed income layer of digital assets.

That vision requires more than yield products. It requires benchmark infrastructure that markets can trust and build on top of.

With TESR now powering a fixed-rate borrowing market on Euler, DeFi has taken a step closer to the kind of benchmark-driven market structure that underpins traditional fixed income.

DeFi has never had a fixed-rate borrowing market anchored to a credible, backtested, and transparent on-chain benchmark.

Until now. 🌳 

Frequently Asked Questions (FAQs) Q: What collateral does the market accept?
A: tETH and wstETH.

Q: What asset can I borrow?
A: WETH.

Q: How is the borrow rate set?
A: At the start of each cycle, the rate is derived from the TESR 30-D consensus published on-chain by DOR. The formula bounds the borrow rate to a 2.05–2.50% APY band, keeping the rate predictable and within a defined range every cycle. 

Q: How long is each cycle?
A: Each cycle runs for the length of the calendar month. The fixed borrow rate applies for all but the final day. On the last day, the borrow rate rises to 50% to incentivize repayment before the cycle closes.

Q: What happens at the end of a cycle?
A: A fresh TESR 30-D reading is pulled from DOR. The rate resets, and a new cycle begins

Q: What is the repayment window?
A: The final day of each cycle. The borrow rate rises to 50% during this window to incentivize timely repayment before the next cycle begins. This does not force liquidations. Users are recommended to repay before this date to avoid the elevated rate. 

Q: What happens if I don’t repay during the repayment window?
A: If repayment is not made before the cycle closes, the position rolls into the next cycle automatically. The borrow rate refreshes to the new TESR 30-D rate for the upcoming month.

About Treehouse 🌳

Treehouse, a digital assets infrastructure firm and the decentralized arm of the parent company Treehouse Labs, is at the forefront of revolutionizing the decentralized fixed income market. Treehouse Protocol introduces innovative fixed income products and primitives across chains through tAssets, liquid staking tokens that empowers its users to participate in the convergence of on-chain interest rates while retaining the flexibility to engage in DeFi activities. 

Treehouse Protocol is also pioneering the Decentralized Offered Rates (DOR) consensus mechanism for benchmark rate setting, enabling a range of fixed income products and primitives into digital assets. Treehouse is dedicated to creating safer and more predictable return alternatives for both individual investors and institutions.

Website: https://treehouse.finance

X: https://x.com/TreehouseFi

Discord: https://discord.gg/treehousefi

The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.

According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.

3 minutes ago

Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify

Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)

3 minutes ago

Crypto token M plunged over 80% in a short period, hitting a low near $0.5.

According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.

3 minutes ago

Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.

Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.

3 minutes ago

Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.

According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.

3 minutes ago

Two whales opened a short position worth approximately $90 million on the S&P 500.

According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.

3 minutes ago

DeFi Saver announces reward program as part of their Hyperliquid integration

Summary

French banking giant ODDO BHF is launching a euro-backed stablecoin called EUROD, designed to be a compliant digital version of the euro.EUROD will be listed on Madrid-based crypto platform Bit2Me, which is backed by major institutions including telecom giant Telefonica and banking giants Unicaja and BBVA.The stablecoin meets EU regulatory requirements under MiCA and is aimed at both retail and institutional users, the companies said.175-year-old French banking giant ODDO BHF, which manages over €150 billion ($173 billion) in assets, is entering the crypto space with the launch of a euro-backed stablecoin dubbed EUROD.

The token is set to be listed on Madrid-based crypto platform Bit2Me, one of the largest exchanges in the Spanish-speaking world that’s backed by telecom giant Telefonica and other major institutions including banking giants Unicaja and BBVA.

EUROD, according to a press release shared with CoinDesk, is designed to be a compliant, low-volatility digital version of the euro. The firms said it meets requirements under the EU’s new MiCA regulation and is aimed at both retail and institutional users.

Bit2Me, which saw Tether lead a €30 million ($35 million) investment round in it earlier this year, is positioning the listing as a bridge between traditional finance and crypto.

“The listing of ODDO BHF’s euro stablecoin is another important step in Bit2Me’s mission to offer trusted, regulated digital assets,” said Leif Ferreira, Bit2Me’s CEO.

By pairing a euro-pegged digital asset with a regulated banking institution, ODDO BHF is betting on a growing demand for payment solutions that combine the stability of fiat with the convenience of blockchain rails.

12345678910