Category: ethereum

Compound Finance is adding Ethena’s stablecoin and Mantle’s liquid staking token (LST) to its decentralized lending and borrowing platform, Mantle told Cointelegraph.  On Jan. 8, Compound’s tokenholders voted to add stablecoin USDe and mETH, Mantle’s LST, to the decentralized finance (DeFi) protocol as lending collateral.  The integration is the latest example of the accelerating adoption…

Bitcoin (BTC) has pulled back near $95,000, indicating that the bears are trying to strengthen their position. A minor advantage in favor of the bulls is that the US spot Bitcoin exchange-traded funds witnessed inflows of $52.4 million on Jan. 7, even when Bitcoin fell more than 5%, per Farside Investors data. This suggests that…

The cryptocurrency market took a hit today, with the total market capitalization dropping by around 6.3% to about $3.35 trillion on Jan. 8 as strong US economic data pointed toward potential interest rate hikes. 24-hour performance of large-cap cryptocurrencies. Source: Coin360 Let’s look closer at the factors driving the crypto market down today. Bitcoin leads…

Multicoin Capital expects 2025 to be a “pivotal year” for Web3 as artificial intelligence flourishes and tokenization triggers a “frenzy of institutionalization,” the venture capital firm said in a Jan. 7 report.  The report, dubbed “Frontier Ideas for 2025,” anticipates the emergence of AI-run “zero-employee companies” and a “dizzying pace” of institutional adoption as security…

The Solana network has surpassed Ethereum and Base combined in 24-hour decentralized exchange (DEX) trading volume, according to data from DefiLlama.  According to DefiLlama, daily trading volume across Solana-based DEXs neared $3.8 billion on Jan. 6, versus $1.7 billion for Ethereum and $1.2 billion for Base, Ethereum’s most popular layer-2 scaling network. The growing trading…

The cryptocurrency market is now in the “later stages of the current bull cycle” and “caution is advised” for investors, according to data analytics provider CryptoQuant.  The bull market, which began in January of 2023, is likely to reach its cyclical peak by the first quarter of 2025, or the second quarter at the latest,…

Ethena is preparing to roll out a new crypto-based product aimed at attracting traditional finance (TradFi) institutions. The blockchain platform plans to launch the new iUSDe product in February. Built on its synthetic dollar, sUSDe, iUSDe introduces a “simple wrapper contract” that adds transfer restrictions at the token level, according to Ethena’s 2025 roadmap published…

Top Stories of The Week Odds of 2025 US Solana ETF listing top 77%: VanEck research head The odds of a Solana exchange-traded fund (ETF) listing in the United States this year are even higher than a popular betting market’s optimistic forecast, according to Matthew Sigel, VanEck’s head of digital assets research.  On Jan. 1,…

China’s digital yuan will return to the spotlight China’s central bank digital currency was once one of the industry’s hottest topics, but 2024 saw a relatively quieter year for the digital yuan. Still, Winston Ma, an adjunct law professor at New York University and former managing director at China’s sovereign wealth fund, predicts a strong…

Bitcoin price looks on track to reclaim the $100,000 level. Are altcoins set to follow?

Blockchain security firm CertiK issued a warning to crypto investors about the rising threat of phishing scams, which emerged as the most significant security threat of 2024. Crypto phishing attacks involve hackers sharing fraudulent links with victims to steal sensitive information, such as crypto wallet private keys. Phishing attacks were the most costly attack vector…

Morgan Stanley, one of the world’s largest asset managers, is considering adding cryptocurrency trading to its E-Trade online brokerage platform, according to a Jan. 2 report by The Information.  The wealth manager reportedly cited expectations of a friendlier crypto regulatory environment under United States President-elect Donald Trump as a key consideration. Trump has promised to…

Expect 2025 to be the cryptocurrency market’s best year ever, with Bitcoin (BTC) and Ether (ETH) both crushing all-time highs, among other potential “remarkable positive developments,” Steno Research said in a research note. Steno Research predicts that BTC’s and ETH’s spot prices will surpass $150,000 and $8,000, respectively. The analysts are also “increasingly optimistic about…

Bitcoin Ordinals have proven the critics wrong. The NFT-style collectibles are still going strong two years after launch — and as you might expect, degens have found an unusual way to make money from them. It’s called “replace-by-fee (RBF) sniping,” and people who get good at it can even make tens of thousands of dollars…

From mainstream adoption to the election of a pro-crypto administration in the US, the past year has solidified crypto’s place as a transformative force within the global economy. The turning of the new year is the perfect time for crypto fans to reflect on, and refine their approach to the digital asset market. Whether one…

Cryptocurrency wallet provider Tangem fixed a critical security vulnerability on its mobile app that collected certain users’ private keys via emails. The fix came after Redditors repeatedly called out Tangem for putting investors’ funds at risk by exposing their private keys on email accounts and to Tangem employees. On Dec. 29, a Reddit discussion on…

Bitcoin (BTC) has started the last week of the year on a soft note, indicating that the bulls are not hurrying to buy the dip. Analysts are divided about Bitcoin’s short-term price action. Some expect a strong rally leading into United States President-elect Donald Trump’s inauguration in January, while others anticipate the volatility to increase.…

The number of long-term Ether holders steadily increased throughout 2024 while the number of Bitcoin holders fell over the last year, amid rising confidence in ETH heading into the new year.  In a Dec. 30 post to X, citing data from its platform, IntoTheBlock shared that the total percentage of Ether (ETH) who had held…

Top Stories of The Week IRS issues rules on digital asset reporting, says front-ends are brokers The United States Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, expanding existing reporting requirements to include front-end platforms that facilitate transactions involving digital assets for customers, such as decentralized exchanges. Set…

Ether exchange-traded funds (ETFs) hit a new monthly record in December despite the holiday illiquidity, bolstering analyst expectations of an incoming rally. The United States spot Ether (ETH) exchange-traded funds (ETFs) reached a new monthly record, surpassing $2.1 billion worth of cumulative net inflows during December. December’s $2.1 billion worth of inflows is nearly double…