The Polkadot neighborhood is transferring towards launching a local stablecoin, pUSD, backed solely by its DOT token. The proposal requires deploying the DOT-collateralized stablecoin on the Polkadot Asset Hub utilizing the Honzon protocol stack. This is identical framework that beforehand powered Acala’s failed aUSD stablecoin. Polkadot Community Backs pUSD to Reduce Reliance on USDT and…
Quant’s native token, QNT, has emerged as one among right this moment’s top-performing altcoins. Its worth has climbed 6% even because the broader market struggles. The transfer has sparked renewed bullish curiosity, with on-chain information pointing to extra potential upside within the periods forward. Quant Token Rallies With Growing Trader Confidence QNT’s beneficial properties over…
PI Network’s native token PI has remained locked in a sideways pattern after slipping to a recent all-time low of $0.1842 on September 22. Since then, the cryptocurrency has oscillated inside a horizontal channel, discovering assist at $0.2565 whereas going through resistance at $0.2917. With bearish clouds hanging over the broader market, PI dangers revisiting…
Ethereum co-founder Vitalik Buterin has criticized the EU’s proposed Chat Control regulation, warning that obligatory scanning of personal messages would create important safety vulnerabilities. Known because the Chat Control regulation, the proposal would compel messaging platforms — even encrypted ones — to scan all consumer content material for potential indicators of kid exploitation. EU Chat…
Financial advisors looking for to diversify consumer portfolios with cryptocurrencies—with out stepping away from conventional equities—might quickly have a brand new automobile to take action. On September 26, asset supervisor Cyber Hornet submitted filings to the US Securities and Exchange Commission (SEC) for 3 crypto-linked exchange-traded funds (ETFs). Each fund is designed to mix publicity…
Leading altcoin Ethereum has rebounded barely over the previous 24 hours, recording a modest 1% achieve to commerce close to the $4,000 stage at press time. This comes amid at the moment’s broader enchancment in market sentiment throughout the crypto sector. However, regardless of the restoration, on-chain information means that bearish stress stays firmly in…
Solana continues to battle, shedding 15% over the previous week with no indicators of slowing its decline this weekend. On-chain metrics point out that futures market individuals are additionally lowering their exercise whereas short-term holders are more and more offloading their positions. These indicators counsel that Solana may face additional losses, probably testing the $200…
Hyperliquid has taken a decisive step towards increasing its on-chain ecosystem with the launch of USDH, a local stablecoin designed to serve the decentralized change. The new token is dwell for buying and selling following its debut this week by Native Markets, the Hyperliquid-based staff behind the initiative. Native Market Launches USDH, Stakes HYPE On…
MYX, the native token that powers the non-custodial derivatives alternate MYX Finance, has emerged immediately’s standout performer, surging almost 30% up to now 24 hours. Despite the spectacular rally, cracks are starting to point out beneath the floor. Data reveals that the precise demand for the altcoin is waning. This means that the worth spike…
Spot Solana exchange-traded funds (ETFs) seem nearer to hitting the market following Bitwise’s newest submitting with the US Securities and Exchange Commission (SEC). On September 26, Bitwise CEO Hunter Horsley revealed that the agency had filed its Form 8-A with the SEC. This submitting represents a key procedural step that permits an ETF to start…