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Cryptocurrency News
Crypto-News-Flash
1w
414
Image Credit: Crypto-News-Flash
Sky Protocol’s USDS Supply Surges Past 9 Billion, DAI Falls Behind
- USDS supply surpassed 9 billion in February, overtaking DAI and marking a major milestone for Sky Protocol’s stablecoin dominance.
- Sky Protocol adjusted its Savings Rate while maintaining strong USDS reserves, with multichain adoption expanding to Ethereum, Base, and other networks.
- Apart from USDS’s expansion, Sky Protocol changed the Sky Savings Rate from 12.5% to 6.5% throughout February.
- USDS count in the Sky Token Rewards program doubled, generating 8.12% APY in the form of SKY tokens.
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Guardian
1w
25
Image Credit: Guardian
Revealed: how Wall Street is making millions betting against green laws
- Financial speculators are increasingly funding lawsuits against governments over environmental regulations, netting lucrative awards.
- Litigation finance has expanded into financing massive arbitration lawsuits under ISDS, allowing corporations to sue countries for profit losses.
- The system has become profitable for hedge funds with average awards exceeding $200 million.
- ISDS has awarded over $120 billion, with fossil fuel and mining companies receiving substantial sums.
- Third-party funded cases are on the rise, with over 75 identified, often involving wealthy countries suing developing ones.
- Third-party funding in ISDS is criticized for leading to costly and potentially frivolous cases.
- Cases include South American Silver suing Bolivia and Silver Bull suing Mexico, with multimillion-dollar claims.
- Burford Capital is backing a case against Greenland over a uranium mining ban with potential compensation of $11.5 billion.
- Critics argue that third-party funding incentivizes speculative claims, driving more arbitration.
- The lack of penalties for funders and soaring legal costs in third-party funded cases raise concerns among arbitrators.
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TronWeekly
1w
71
Image Credit: TronWeekly
Avalanche and Skyren DAO: Who Will Lead the Scalability Race in 2025?
- Avalanche (AVAX) and Skyren DAO are competing in the race for scalability solutions in 2025.
- Avalanche focuses on speed and decentralization with its high-speed Layer 1 blockchain.
- Skyren DAO introduces a unique airdrop collection model, offering passive earning and multi-chain strategy.
- Skyren DAO's emphasis on DeFi rewards and passive income opportunities could position it as a strong competitor against Avalanche.
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Coinpedia
1w
29
Image Credit: Coinpedia
BTC’s Plunge, DOT’s Major ETF Filing – Will BitLemons ($BLEM) Deliver the 17X Returns Investors Crave?
- Bitcoin and Polkadot experience significant volatility, with Bitcoin's price declining and Polkadot facing a 17% drop.
- BitLemons positions itself for potential growth with its GambleFi protocol, generating revenue and selling out its presale stages.
- BitLemons' revenue model as a disruptive crypto casino provides stability in a volatile market.
- Polkadot's ETF filing and upcoming 2.0 launch create potential for price recovery and long-term prospects.
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Blockonomi
1w
304
Image Credit: Blockonomi
Solana (SOL) Price: Breaks Key Resistance as Whale Transfers $71.95 Million
- Solana's price breaks out from a descending parallel channel, with potential upside to $213.
- A whale transferred 494,153 SOL ($71.95M) to Coinbase Institutional, sparking market speculation.
- Technical indicators like Parabolic SAR and MACD have turned bullish, indicating a potential trend reversal.
- SOL must surpass the $170-$185 resistance zone to confirm an uptrend.
- Solana network usage surpasses Ethereum with 73.4 million monthly active addresses.
- Recent bullish momentum in Solana's price has broken key resistance levels in recent days.
- Analysts are divided on the outlook, with some seeing potential for a rally towards a $213 price target.
- A significant whale transfer of $71.95 million worth of SOL to Coinbase Institutional adds to market dynamics.
- Technical indicators like the Parabolic SAR and MACD suggest weakening selling pressure and building buying pressure.
- Solana faces a critical resistance zone between $175 and $185 that will test the current breakout attempt.
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Medium
1w
388
Image Credit: Medium
Cido’s Quantum-Optimized Data Solutions: The Future of Blockchain Indexing
- Cido is revolutionizing data indexing by integrating quantum annealing, a cutting-edge quantum computing technique that accelerates data processing and optimization.
- With quantum-enhanced indexing, Cido's system can handle massive datasets at speeds that traditional systems simply cannot match and ensures real-time access to blockchain data.
- Cido's quantum-optimized solution is built for scalability, allowing it to efficiently handle the complexities and scale of Web3 applications.
- By integrating quantum computing into blockchain indexing, Cido enables the integration of AI, machine learning, and predictive analytics, fueling innovation in sectors like DeFi, gaming, and NFTs.
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Coinpedia
1w
274
Image Credit: Coinpedia
SEC Dismisses Coinbase, Kraken, Gemini and Other Crypto Cases: Former SEC Lawyer Issues Warning
- The U.S. Securities and Exchange Commission (SEC) has dismissed cases against major cryptocurrency firms including Coinbase, Kraken, Gemini, and ConsenSys.
- Former SEC lawyer warns that dismissed cases cannot be re-filed, reducing the chances of further investigations.
- The current administration in the U.S. appears to be giving crypto more freedom, potentially leading to risks and significant investor losses.
- President Trump has shown support for cryptocurrency, aiming to make the U.S. a leader in digital assets with plans to add cryptocurrencies to the national reserve.
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Blockonomi
1w
219
Image Credit: Blockonomi
BlackRock’s Bitcoin ETF Records Highest Trading Volume Since November
- BlackRock’s spot Bitcoin ETF (IBIT) saw its highest trading volume since mid-November
- IBIT dropped over 11% last week, falling to $46.07, the lowest since early November
- Investors withdrew more than $1 billion from the ETF
- IBIT broke below the $50.69 support level, signaling more potential losses
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Blockonomi
1w
122
Image Credit: Blockonomi
Dogecoin (DOGE) Price: ETF Filing Signals Expanding Horizon for Crypto Investments
- Bitwise has submitted a 19b-4 filing to the SEC for a Dogecoin ETF, with Coinbase Custody and BNY Mellon managing assets
- Polymarket shows approval chances for a Dogecoin ETF climbed to 66% from 55% previously
- Despite ETF progress, DOGE price has dropped by 15.79% to $0.19, with trading volume declining by 11.69%
- Multiple asset managers including Grayscale and Rex Shares are also pursuing Dogecoin ETF approval
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Crypto-News-Flash
1w
25
Image Credit: Crypto-News-Flash
XRP Price Target: Millions Wager on $5—What’s the Catch?
- Despite a 34% drop in XRP price, traders are holding firm with a $5 call option dominating Deribit’s market at $4 million.
- Many traders are using a strategy called covered calls, selling high-level out-of-the-money (OTM) calls while holding XRP to collect premiums and hedge risks.
- Analysts predict a potential 60-84% surge in XRP price due to bullish technical signals, breakout from a descending trendline, and consolidation within a bullish pennant pattern.
- For XRP to hit $5, a successful push beyond $3.50 is needed, maintaining the price above $2.50 and breaking resistance levels.
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Bitcoinist
1w
232
Image Credit: Bitcoinist
Bitcoin Hashrate At Risk? US Trade War Could Hit 5% Mining Power
- The trade war between the US and Canada could disrupt Bitcoin mining operations, potentially affecting up to 1.5 million customers in New York, Michigan, and Minnesota.
- Miners in the US Northeast, specifically along the New York-Canada border, face a significant risk if Ontario curtails or halts electricity exports.
- The potential loss of 300-500 MW of Bitcoin mining capacity accounts for between 2.5% and 5% of global hashrate.
- Higher energy prices due to tariffs could make current Bitcoin mining machines unprofitable, leading to a decline in Bitcoin's hashrate.
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TronWeekly
1w
21
Image Credit: TronWeekly
Chainlink Rebounds to $15.25 Amid High Volatility and Whale Accumulation
- Chainlink surged from $13.18 to $15.25 within 24 hours, with trading volume rising to 120 million LINK.
- Whale wallets now hold 18.15% of LINK’s supply, valued at $2.93 billion, driving accumulation trends.
- LINK/USDT trading volume jumped 40% to $1.8 billion, signaling a potential trend shift amid market uncertainty.
- Chainlink has staged a notable rebound, outpacing other altcoins following a sharp market-wide downturn.
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NullTX
1w
173
Image Credit: NullTX
Ethereum Experiences Market Volatility: A $4.1M Withdrawal and Bearish Predictions
- A significant withdrawal of 2,000 ETH ($4.1 million) occurred recently, illustrating Ethereum's market volatility.
- The withdrawal by Longling Capital from Binance to Aave reflects continued bullish sentiment towards ETH.
- Market watchers observed the large transaction from the Longling Capital wallet to Aave.
- The wallet borrowed stablecoins from Aave to potentially reinvest in Ethereum amid price fluctuations.
- Ethereum's price dropped below $2,000 on September 18 and is currently trading around $2,050.40.
- On-chain analysts like Ali Martinez predict a potential drop in Ethereum to $1,250 due to bearish trends.
- Concerns arise over outflows from Ethereum-related ETFs, hinting at weakening market confidence.
- Despite short-term price challenges, Ethereum's long-term fundamentals remain strong with ongoing network development.
- While market sentiment is mixed, institutional players are still actively participating in Ethereum-related activities.
- Ethereum's resilience and potential for recovery post-market stabilization highlight its enduring value in the crypto space.
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Blockonomi
1w
160
Image Credit: Blockonomi
Aave (AAVE) Price: Outperforms Market by 17% Following Major Economic Proposal from DAO
- Aave's AAVE token surged 21% following the announcement of a major economic proposal from Aave DAO.
- Aave's treasury has grown by 115% to $115 million since mid-2024, indicating its increasing popularity and financial strength.
- The proposal includes plans for increased profit sharing for AAVE stakers and a new 'buy and distribute' program using $1 million weekly for token buybacks.
- An innovative 'Umbrella' system is proposed to protect users from market crashes, aiming to provide a unique advantage for risk management.
- The proposal, named the 'Aavenomics update,' aims to increase value for token holders and enhance user benefits on the platform.
- One notable component of the proposal is the introduction of an Anti-GHO token offering valuable options for users, including debt elimination and additional rewards.
- Aave's focus on user protection and financial sustainability aligns with growing interest in DeFi platforms that prioritize innovation and risk management.
- The proposal's positive market response, with a 21% price increase, reflects investor confidence in Aave's future growth and token economics.
- Community feedback is being collected on the proposal, with plans to present a formal on-chain proposal for AAVE token holders to vote on in the future.
- Aave aims to strengthen its position in the DeFi ecosystem and deliver more value to its community through the proposed changes.
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NullTX
1w
38
Image Credit: NullTX
Bitcoin Faces Volatility Amid Panic Sell-Off, But Fundamentals Remain Strong
- Bitcoin experienced a sudden 10% price drop, triggering a panic sell-off in the cryptocurrency market with over $8 billion in open interest liquidated in 24 hours.
- The exact cause of the crash remains uncertain, though it appears to be driven by panic and market psychology rather than a fundamental shift in Bitcoin's long-term prospects.
- Despite the recent market turbulence, Bitcoin's underlying fundamentals remain strong, with increased mining rig activity and withdrawals of over 25,000 BTC from exchanges.
- Significant outflows were recorded from Bitcoin-related ETFs, suggesting institutional investors are exercising caution and reassessing their investments.
- The continuous withdrawal of Bitcoin from exchanges indicates a growing number of long-term holders stacking up in anticipation of future price rises.
- Bitcoin's halving cycle and a stable price range between $15,000 and $30,000 are factors shaping market sentiment, which may be influenced by broader U.S. financial market conditions.
- Despite recent volatility, the overall outlook for Bitcoin remains positive, supported by strong fundamentals and a focus on long-term holding strategies.
- Investors are advised to monitor key indicators and market sentiment for potential signals of a rebound or further volatility in Bitcoin's price.
- Market sentiment in the U.S. financial markets is likely to impact Bitcoin's near-term price action, while the digital currency's value is expected to hold firm due to its solid foundation.
- In conclusion, while recent events have shaken the market, Bitcoin's resilience and growth trajectory suggest that the current dip is likely a temporary setback rather than the end of the bull cycle.
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