BJ Crypto insurer Chainproof announced a new product Wednesday that lets Ethereum stakers protect against slashing and guarantees them a minimum yearly yield. Slashing, while rare, is a big concern for stakers. It’s a feature that keeps the validators who process transactions on Ethereum in check by taking away some of their tokens if they publish … Read more
Like springtime in New York City, the crypto market got hot, all at once, in early May. After weeks of navigating choppy seas, influenced in part by anxieties surrounding the administration’s trade brinksmanship, a palpable shift in sentiment propelled the crypto sphere into a notable rally. Bitcoin shape-shifted from a tariff tantrum mooring into a … Read more
Bee Maps, a project on Hivemapper, one of the largest decentralized physical infrastructure networks (DePIN) focused on mapping data on Solana, shared Wednesday that it has teamed up with ride-hailing giant Lyft to provide them more accurate mapping data. The move underscores the growing role of crowdsourced geospatial intelligence in the transportation industry, and signals … Read more
Global economic uncertainties are creating ripple effects across cryptocurrency markets, with Cardano (ADA) demonstrating notable volatility amid shifting investor sentiment. After rallying 22% weekly, ADA has established a trading range between $0.795 and $0.841, reflecting both profit-taking and strategic accumulation by larger investors. Recent developments have strengthened Cardano’s market position, particularly its addition to Grayscale’s … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Investors are still rotating money into altcoins, lifting valuations for ETH, RAY, ENA, MKR and other tokens while leaving bitcoin (BTC) little changed above $100,000. While the biggest cryptocurrency by market value is just 7% short of hitting a new high, its 30-day options-based implied or … Read more
Bitcoin (BTC) has changed a lot in four years, distancing itself from shady centralized entities like FTX and emerging as the plat du jour among institutional investors. However, this month’s drive back into six-figures amid cooling tariff tensions is presenting a number of warning signs that appear eerily similar to the 2021 cycle high. In … Read more
Ethereum-based derivatives powerhouse Synthetix is considering buying options trading platform Derive in an token-for-token deal valued at $27 million that would see the project absorbed back into the protocol that gave it birth. The proposal, SIP-415 on Synthetix and DIP on Derive, needs to be approved by both communities and would see Derive’s treasury, codebase … Read more
Standard Chartered (STAN) is now providing banking services for institutional prime broker FalconX. The San Mateo, California-headquartered broker will access a range of currency pairs, helping to enhance the speed and reliability of its cross-border settlement, FalconX said in an announcement on Wednesday. Prime brokers are an important cog in financial markets, providing financing, trading … Read more
Ether (ETH) and dogecoin (DOGE) led majors gains on Wednesday with a 9% jump in the past 24 hours, extending a bullish streak that’s seen both tokens gain double digits over the past week. The broader crypto market showed modest gains with total capitalization up 1.7%, per CoinGecko, with bitcoin (BTC) hovering around $103,700 in … Read more
Shares of stock and crypto trading platform eToro (ETOR) have debuted at $52 a share after the company hit the Nasdaq exchange on Tuesday evening. The company raised about $310 million from investors as it sold 6 million shares at a price of $52 a piece. The listing values the company at $4.2 billion. The … Read more
