The foundation has different plans for the bridge and has made a buyout offer to the decentralized autonomous organization (DAO) that governs it. The suggestion ignited the prices of the native tokens of the protocol and the bridge. The Offer In a Sunday forum announcement, the foundation behind the Layer Zero Protocol and the Stargate Bridge…
Total crypto capitalization is at an all-time high $4.14 trillion following big gains by both Bitcoin and Ethereum during early trading in Asia on Monday morning. The move has eclipsed the previous market capitalization peak on July 23. Total crypto capitalization has gained 22% since the beginning of the year, as around $750 billion has…
The largest bank in the United States continues its stride into DeFi innovation with TradFi roots, marking a partnership with two financial institutions. Improving Solid Foundations Marex Group Plc, a publicly traded financial services company listed on the NASDAQ (MRX), made an announcement last week regarding a collaboration with Brevan Howard Digital (BHD), a digital asset management division,…
Flare, the EVM-compatible interoperative chain has unveiled its new product—a seedless wallet, along with some other upcoming plans. It is steadily increasing in user engagement, as evidenced by certain metrics. Shiny New Wallet In a press release shared with CryptoPotato, Flare announced the launch of its seedless, non‑custodial wallet Luminite. Turnkey’s embedded wallet technology was used to…
Bo Hines, who has led the Trump administration’s White House Crypto Council since December 2024, is stepping down to return to the private sector. During his tenure, Hines oversaw key policy initiatives, including the administration’s push for dedicated crypto regulations and the passage of the GENIUS Act, which established a framework for dollar-pegged stablecoins. Bo…
July proved to be a breakout month for Web3. The decentralized finance (DeFi) sector, especially, which drover much of the momentum, according to DappRadar. Total value locked (TVL) surged over 30% to end the month at $259 billion and briefly touched an all-time high of $270 billion on July 28. Tokenized Stock Boom The spike…
Four publicly traded companies – Upexi, Inc., DeFi Developments Corp (DeFi Dev.), SOL Strategies, and Torrent Capital – are now among the largest institutional holders of Solana (SOL). These entities collectively control more than 3.5 million SOL tokens worth over $591.1 million. Institutional Solana Holdings According to CoinGecko’s recent analysis, the combined stake of the…
Bitcoin is trading near $118,000 after reaching a new all-time high of $123,000 in July. Despite this strong price level, key data points indicate that its momentum is cooling, which could lead to a pause before any further upward movement. One such indicator is CryptoQuant’s Bull Score Index, which fell from 80 to 60 following…
Maestro, a leading Bitcoin Finance (BitcoinFi) infrastructure provider, has published the “State of BitcoinFi” report, which brings forward an ecosystem-wide analysis on its financial applications, infrastructure, and ongoing development from a store of value to empowering traditional finance’s (TradFi) on-chain transition. Maestro anticipates volumes to keep surging as enterprises continue to stack BTC in their…
The US Securities and Exchange Commission (SEC) may be entering a new phase in its approach to digital assets. This shift may have gone largely unnoticed by the market, according to Matt Hougan, Chief Investment Officer at Bitwise Asset Management. Market Sleeping On SEC’s Pivot? In a recent investor note, Hougan pointed to the speech…