Bitcoin maintained its role as the market’s anchor asset in July, to a fresh record of $123,000. Its performance, however, coincided with a notable change in market structure as investor capital flowed aggressively into altcoins. According to Binance Research’s market insights shared with CryptoPotato, Bitcoin’s dominance fell by 5.2% to 60.6%. During the same period,…
Circle, the issuer of USD Coin (USDC), has announced plans to introduce its own Layer 1 blockchain, Arc, designed specifically for stablecoin-focused applications. The launch follows the company’s $1.2 billion initial public offering (IPO) in June and is scheduled to debut on a public testnet later this fall. According to Circle, Arc will be an…
In a transformative moment for the cryptocurrency industry with new regulations coming from the US, major financial institutions are setting their sights on stablecoins, thanks to the recent passage of the GENIUS Act. This regulatory framework, part of President Donald Trump’s vision to position the US as the global leader in cryptocurrency, has prompted banks…
Ethereum (ETH) has logged nearly 20% gains in the past week as it outperformed many crypto assets. After reclaiming the $4,200 price level for the first time since 2021, ETH has managed to stay above this level. Beyond price action, on-chain data reveals a telling change in how the leading altcoin’s most dedicated holders are…
Monero (XMR) is confronting what key voices on X describe as a 51% attack from the Qubic mining pool. Bitcoin developer Peter Todd set the tone early, writing: “Interesting. Apparently Monero just had a big reorg too, I assume related to this attack.” When asked whether Qubic had definitively crossed the 51% threshold, Todd cautioned…
Bitmine Immersion Technologies has become the first corporation to accumulate more than a million ETH for its strategic treasury. On Monday, the firm announced that its ETH holdings had reached 1.15 million tokens worth around $4.9 billion. It added that this total is 317,126 more than a week ago, and the treasury value is around…
Bitcoin’s recent rally briefly surpassed its $120,500 breakout target, which has raised the question of what’s next for the leading cryptocurrency. But liquidity trends will determine whether momentum continues or stalls near all-time highs. Liquidity for Breakout Potential In its latest market commentary, Swissblock said that while broader macroeconomic volatility and potential downside pressure remain…
Over the last seven days, bitcoin (BTC) has recovered and reclaimed the range lows it hit earlier this month. Amid the recovery, analysts at the crypto exchange Bitfinex say the leading cryptocurrency has returned to a warm, but not overheated zone. According to the latest Bitfinex Alpha report, macroeconomic events will determine bitcoin’s next direction…
A pioneering firm in the evolution from TradFi to DeFi in payments has received backing from prominent patrons to continue developing its product. Backed By Giants According to a press release shared with CryptoPotato, Transak, a leader in fiat-to-crypto infrastructure, has secured $16 million in funding to scale its operations across new markets and expand its…
‘Operation Chokepoint’ is a term that became common under the regulatory regime during the Joe Biden administration. This operation marked part of the government’s initiatives to stifle the crypto industry back then, something which Trump has corrected since entering office. What Operation Chokepoint Was About Details about Operation Chokepoint first came to light when Venture…