Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for as much as $34 trillion to stream into decentralized finance protocols equivalent to Ethena, Ether.fi, and Hyperliquid. Arthur Hayes reported in his Aug. 27 blog post that Bessent goals to redirect capital from the $13 trillion Eurodollar system and $21 trillion in Global…
Increased capital has clustered round Solana over the previous month, whilst consumer exercise exhibits combined momentum. Per DeFiLlama, Solana’s 24-hour DEX quantity lately printed about $4.6 billion, with perpetuals close to $2.1 billion. Stablecoin provide sits round $12 billion, native TVL is again close to all-time highs at $11.7 billion, bridged TVL is tracked close…
PYTH and CRO rose about 48% and 38% over 24 hours, leading altcoin performance as Cronos-linked tokens reacted to a new treasury venture and oracle markets priced fresh headlines and listings. CRO’s move tracked a three-way deal to create a publicly traded CRO-focused treasury vehicle. Trump Media & Technology Group, Crypto.com, and the Yorkville SPAC…
Bitcoin (BTC) trades in a precarious position near $112,000, caught between key technical levels that could determine its next major directional move following a pullback from the $124,000 all-time high reached two weeks ago. According to an Aug. 27 report by Glassnode, BTC faces immediate resistance at $113,700, which aligns with the three-month cost basis…
Standard Chartered said Ethereum (ETH) and the companies holding it in their treasuries remain undervalued, even as the second-largest crypto surged to a record $4,955 on Aug. 25. Geoffrey Kendrick, the bank’s head of crypto research, said treasury firms and exchange-traded funds have absorbed nearly 5% of all Ethereum in circulation since June. Treasury companies…
Bitcoin’s brief dip below $110,000 in the past 24 hours triggered one of the heaviest liquidation rounds in recent times. According to Coinglass data, crypto traders betting on the market lost $811.6 million, with more than 179,000 traders forced out of positions. Speaking on this broad liquidation event, Sean Dawson, head of research at Derive.xyz,…
Bitcoin (BTC) consolidates close to present ranges as capital inflows lengthen alongside the danger curve towards Ethereum and broader altcoins, in keeping with Bitfinex Alpha’s Aug. 25 report. The report famous that the shift represents a measured rotation of institutional liquidity following Bitcoin’s all-time excessive formation. Bitcoin declined 4.5% from the weekly open on Aug….
Ethereum co-founder Vitalik Buterin weighed in on the growing debate over prediction markets, warning that the absence of interest-bearing mechanisms makes them unappealing for risk-averse traders. In a post on Farcaster, Buterin said the lack of yield forces participants to sacrifice guaranteed returns elsewhere, such as the 4% annual yield available on dollars, just to…
Bitcoin slipped to its weakest level in more than a month after a major investor began unloading thousands of coins in favor of Ethereum. Data from CryptoSlate show the asset trading at roughly $111,600 on Monday, down nearly 3% in a single day and its lowest mark since early July. The sell-off erased gains from…
The next is a visitor submit and evaluation from Shane Neagle, Editor In Chief from The Tokenist. Though the Terra (LUNA) collapse pricked the crypto bubble in Could 2022, it took the FTX change disaster to firmly pop it on the 12 months’s finish. Ever since, the blockchain narrative has been supplanted by the AI…