Coinbase has listed futures contracts for the XRP token on its US derivatives exchange, the cryptocurrency platform said on April 21. The contracts are overseen by the US Commodity Futures Trading Commission (CFTC) and offer traders “a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” the company said in…
The US Dollar Index (DXY) plunged below the 98 level on April 21, falling to a three-year low. That catapulted gold to a new all-time high, and Bitcoin (BTC) also showed strength, rising above $88,000. BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes believes it may be the “last chance” to buy Bitcoin below…
Pseudonymous Bitcoin stock-to-flow (S2F) model creator PlanB attacked Ethereum and mocked the project’s co-founder, Vitalik Buterin. PlanB mockingly reposted a June 2022 X post by Buterin in which the Ethereum co-founder said S2F “is really not looking good now.” PlanB responded with a new posting stating, “Ethereum is really not looking good now.” Source: PlanB…
Scammers are once again capitalizing on the popularity of Elon Musk’s artificial intelligence chatbot Grok, with fake tokens once again emerging as part of potential phishing attacks. A wallet linked to former Binance CEO Changpeng “CZ” Zhao received 90 million fake Grok (GROK) tokens on April 21, according to blockchain security firm PeckShield. The tokens…
The Ethereum Foundation, the nonprofit organization developing the Ethereum ecosystem, is shifting its focus to user experience and layer-1 scaling challenges following its March leadership reshuffle. On April 21, the Ethereum Foundation co-executive director Tomasz Stańczak shared an X post detailing how the organization has changed since its change in leadership structure. Stańczak said the…
The Solana network briefly surpassed Ethereum in total staked value of their respective native tokens, SOL and ETH, sparking debate over whether it is actually bullish or bearish for Solana. More than $53.9 billion worth of SOL is now staked on the Solana network from 505,938 unique wallet holders, who are making an 8.31% annualized…
Ethereum co-founder Vitalik Buterin has proposed replacing the current Ethereum Virtual Machine (EVM) contract language with the RISC-V instruction set architecture to improve the speed and efficiency of the Ethereum network’s execution layer. Buterin’s April 20 proposal outlined several long-term bottlenecks for scaling the Ethereum network including, stable data availability sampling, ensuring block production remains…
Opinion by: Alon Muroch, founder of SSV Labs Even though Ethereum remains a leader in terms of total value locked (TVL), things aren’t looking great. Network activity is hemorrhaging, and momentum is slipping. Ethereum has become locked in a fight for its future. Without meaningful change, Ethereum risks becoming inaccessible to the builders and users…
Opinion by: Jin Kwon, co-founder and chief strategy officer at Saga Crypto has come a long way in boosting transaction throughput. New layer 1s (L1s) and side networks offer faster, cheaper transactions than ever before. Yet, a core challenge has come into focus: liquidity fragmentation — the scattering of capital and users across an ever-growing…
Tokenized stocks are on track to exceed $1 trillion in market capitalization in the coming years as adoption accelerates, two industry executives said at the TokenizeThis conference in New York. The total addressable market for tokenized stocks — a type of tokenized real-world asset (RWA) — is difficult to project but is “definitely a bigger…