Ethereum-based liquid staking giant Lido has slashed its workforce by 15%, a move co-founder Vasiliy Shapovalov says is aimed at preserving the project’s long-term viability. Key Takeaways: Lido cut 15% of its workforce to focus on long-term sustainability and cost control. The protocol continues to lead in liquid staking with $31B TVL and advanced staking…
A rouble-pegged stablecoin, launched earlier this year to facilitate Russia’s cross-border payments, has crossed $40 billion in total transaction volume. Key Takeaways: Rouble-backed stablecoin A7A5 has processed over $40 billion in transactions. Launched in Kyrgyzstan, A7A5 is being used to bypass Western sanctions. Analysts warn the coin may support dual-use goods trade between Russia and…
In a recent market update, CryptonautX pointed out that Polkadot (DOT) is gaining notable bullish momentum as the new week begins. The analyst emphasized that DOT is not only showing strength in its price action but is also forming a well-defined breakout structure, signaling the potential for further upside. With momentum building and technical indicators…
Memecore ($M) is back in the spotlight, surging 55% in the past week and breaking out of a stubborn descending wedge pattern. Backed by heavy trading volume and an $870M market cap, the move has traders eyeing a potential 160% push toward its all-time high near $1. Why does this matter? Because Memecore’s breakout isn’t…
Charles Hoskinson, the founder of Cardano, has publicly defended his influence on the blockchain network’s development following growing criticism. In an Aug. 3 post on X (formerly Twitter), Hoskinson addressed the negative claims suggesting that his leadership was detrimental to Cardano’s progress. Hoskinson pointed to the success of his other project, Midnight, highlighting its significant…
Singapore-based cryptocurrency exchange JuCoin has provided a detailed explanation regarding a recent anomaly in its futures trading system and outlined its compensation plan. On August 1st, at 16:06, JuCoin experienced a brief disruption that caused an unusual price spike in the ETHUSDT perpetual contract. The ETHUSDT perpetual contract is a derivative product enabling traders to…
TL;DR Ethereum active addresses hit 674K, signaling growing network adoption and renewed on-chain participation. EIP-1559 continues burning ETH, keeping net emissions near zero and tightening overall token supply. Support zones at $3,200–$3,350 and $2,950–$3,050 could spark a rebound toward $4,000. Rising Network Usage and On-Chain Growth Ethereum (ETH) is recording higher on-chain activity, with daily…
An analyst on X (Twitter) claims that renowned venture capital fund Paradigm holds up to $765 million worth of HYPE tokens. Is this a strategic vote of confidence or a precursor to a potential sell-off that could shake the market? Paradigm’s Involvement with Hyperliquid According to MLM, Paradigm holds approximately $765 million in HYPE (Hyperliquid‘s…
The month of August could bring about a new wave of crypto tokens that investors will gush over. Generally the ultimate seal of approval is considered as their listing on Binance and some tokens have a better chance than others. BeInCrypto has analyzed three such altcoins that could likely witness their listing on Binance in…
As digital transactions continue to rise across Europe, the European Central Bank (ECB) is doubling down on its commitment to preserve physical cash. In a blog post titled “Making euro cash fit for the future,” ECB Executive Board Member Piero Cipollone outlines why cash remains indispensable—and how the ECB plans to ensure it stays that…