Bitcoin’s recent rally has seen the leading digital asset breach $122,000, though it still falls short of its July 2025 peak of $123,000. According to CryptoSlate’s data, Bitcoin rose by over 3% in the past 24 hours, reaching a high of $122,321 before slightly retracing to $120,749 at the time of writing. Despite the minor…
The U.S. Securities and Exchange Commission’s approval of in-kind creations and redemptions for spot Bitcoin and Ethereum exchange-traded funds on July 29 has altered how authorized participants interact with these products, permitting direct transfers of digital assets rather than cash. This structural change is expected to reduce tracking error and bid-ask spreads, bringing the operational…
A new report from Bitcoin veteran Tuur Demeester and Adamant Research argues that the current market phase may be “quiet strength” for Bitcoin; a mid-cycle stage in what could become one of the “most significant bull runs” in Bitcoin’s history. How to position for the Bitcoin boom The report, titled ‘How to Position for the…
Ripple’s stablecoin RLUSD grew 32.3% in supply between June and July, surpassing $600 million. This was the second most significant growth in supply among stablecoins with over $500 million in supply growth, lagging only Ethena Labs’ USDe, which grew 63.4% in the same period. RLUSD has been in a strong growth trend since May, nearly…
Over half of the 25 largest US banks are now weighing or rolling out crypto-related products. An Aug. 8 status chart shared by River that tracks the giants across two lanes, custody and trading. The snapshot shows multiple firms moving from “not yet” to “exploring,” “announced,” or restricted access for high-net-worth clients, indicating that digital…
Ethereum (ETH) surged past the $4,000 mark on Aug. 8, hitting its highest level this year after a sustained market rally that saw it gain nearly 50% in the past month. Data from CryptoSlate shows the asset peaked at $4,047 during US trading hours. Notably, the last time ETH traded above $4,000 was in December…
Stablecoin rails are on pace to challenge incumbent cross-border networks by 2026, as monthly on-chain dollar settlement already runs in the trillions and merchant access widens through mainstream processors. Per RWA.xyz’s live dashboard, stablecoins moved about $3.3 trillion on chain in July, with roughly 39.7 million monthly active addresses, while total stablecoin value sits near…
President Donald Trump signed an order on Aug. 7 allowing crypto in 401(k) plans, subject to agency rulemaking. The directive tells the Labor Department, the SEC, and Treasury to revisit constraints on plan menus, opening the door for defined contribution plans to add sleeves tied to Bitcoin and ether through pooled vehicles. The focus now…
The NFT market saw a remarkable resurgence in July, outpacing DeFi in terms of user activity, according to an Aug. 7 DappRadar report. The shift marks a significant milestone and could indicate that NFTs are once again capturing the public’s attention following significant lull that has lasted since their fall in the 2022 bear market….
Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.” In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1. Thorn added that most L2s are controlled by single…