Bitcoin’s $80K Rally Is a Trap, Analyst Warns of $45K Drop
Bitcoin (BTC) spent this past week ripping from the low $60,000s to just under $80,000, and to trader Nonzee, none of it looks like conviction. They are calling the move a trap built on forced buying rather than real demand, and say the next leg is down, not up. The Case for a Distribution Phase, […]
Circle’s Stock Tokens Surge by $6.1M as Market Interest Grows
Circle’s stock tokens CRCLon, CRCLb, and CRCLx have recorded a notable increase in market cap, totaling $6.1 million over the past 24 hours. This surge highlights a growing interest in tokenized assets, particularly as market dynamics shift. As reported by CryptoTwitter commentator @tokenterminal, this uptick in market cap signifies a potential shift in investor sentiment […]
Ethereum’s Tokenized ETF Market Cap Grows by $16.3 Million
Ethereum continues to assert its dominance in the tokenized ETF space, leading all chains with a notable market cap growth of $16.3 million over the past month. This significant increase puts Ethereum ahead of competitors such as BNB Chain and Solana, which reported gains of $14.7 million and $9.2 million, respectively. This trend underscores Ethereum’s […]
Zcash mining generates $727 per megawatt-hour, surpassing Bitcoin by more than fourfold
Zcash’s profitability surge could attract more miners, potentially increasing network security but also raising concerns about energy consumption. The post Zcash mining generates $727 per megawatt-hour, surpassing Bitcoin by more than fourfold appeared first on Crypto Briefing.
UNI Hits New Weekly Burn Record of 31M as Market Sentiment
Uniswap’s UNI token has achieved a remarkable milestone with a new all-time high weekly burn of 31 million tokens, equating to approximately $113 million annualized. This news was highlighted by crypto commentator Hayden Adams on Twitter, indicating a growing interest in the token as market activity picks up. Such a significant burn can have implications […]
Banking consortium tests MPC with lattice-based cryptography on NEAR Protocol’s quantum-resistant testnet
The pilot’s success could accelerate global financial systems’ transition to quantum-resistant cryptography, enhancing security and compliance. The post Banking consortium tests MPC with lattice-based cryptography on NEAR Protocol’s quantum-resistant testnet appeared first on Crypto Briefing.
Virtuals Protocol Announces Launch of Coinbase Tokenized
Coinbase has launched tokenized stocks on the Virtuals platform, significantly enhancing trading capabilities for users. As noted by influencer @virtuals_io, this enables agents to hold equities directly in their wallets, providing a more seamless investment experience. This development matters as it broadens access to the stock market for users in eligible jurisdictions outside the U.S. […]
Bitcoin And Ethereum ETFs Add $492M As Inflow Streak Continues
US spot Bitcoin and Ethereum ETFs recorded a combined $492 million in net inflows for the August 21 session, extending a positive flow streak across both crypto ETF cohorts. Farside Investors data showed spot Bitcoin ETFs adding $307 million, led by BlackRock’s IBIT with $239.3 million. Spot Ethereum ETFs brought in another $185 million, led […]
Coinbase Expands Offerings with Tokenized Stocks on Aave V4
Coinbase is preparing to launch a feature for tokenized stocks on the Aave V4 platform. This new offering, highlighted by the CryptoTwitter influencer @aave, aims to broaden the trading options for users in eligible regions outside the U.S. This expansion comes at a time when institutional interest in tokenized assets is gaining momentum. For further […]
DefiLlama Introduces New Token Performance Scoring Framework
DefiLlama has announced the introduction of a new standard for scoring token disclosures and performance, set to launch this week. This initiative is aimed at ensuring that disclosures remain relevant by continuously checking them against live market behavior. As highlighted by DefiLlama, a disclosure filed once becomes outdated the moment it is published. This shift […]