Ethena Labs has launched USDe and sUSDe on Plasma, making its key dollar assets central to the new layer 1’s decentralized finance ecosystem from day one. Summary Ethena launched USDe and sUSDe on Plasma’s mainnet. Aave markets opened with $1B capacity backed by Binance liquidity. USDe supply has reached $14B, now third-largest stablecoin. The launch…
Taiko has introduced its new public testnet, Hoodi, which now serves as the primary developer environment. Summary The new testnet becomes the main environment as Hekla and Ethereum’s Holesky are deprecated. Hoodi adds preconfirmation support to improve transaction testing and simulate mainnet conditions. Developers must shift to Hoodi and withdraw assets from Hekla before Sept….
SharpLink is set to become the first public company to issue its Nasdaq-listed SBET shares natively on Ethereum, appointing Superstate as digital transfer agent to oversee compliant onchain issuance. Summary SharpLink plans to tokenize its Nasdaq-listed SBET shares directly on Ethereum. Superstate’s Opening Bell platform will manage compliant onchain issuance. The partnership extends beyond issuance,…
Strategy stock price crashed below an important support level as Bitcoin fell below $110,000 and as its mNAV multiple reached its year-to-date low. Summary MSTR stock price has crashed below an important support level. There is a risk that it will form a death cross pattern soon. Bitcoin price has formed a head-and-shoulders on the…
IREN stock price is in a strong bull run this year as investors cheer its strong earnings and the ongoing diversification into the artificial intelligence industry. Summary IREN stock price has jumped as the company targets $500 million ARR in AI revenue in Q1. It also jumped after the recent $17 billion deal between Microsoft…
This week’s crypto crash continued today, Sept. 25, with Bitcoin plunging to $110,000 and the market capitalization of all coins falling to $3.81 trillion. Summary The crypto crash is happening amid fears that the Fed may not cut rates as many times as expected. It also accelerated amid rising liquidations in the crypto market. The…
Solana price has retraced sharply from the $260 resistance mark, dropping into the $200 support zone. With the RSI now in oversold territory, traders are watching for a potential bounce. Summary Solana price has dropped from the $260 resistance level down to the $200 support region. The 0.618 Fibonacci retracement aligns with oversold RSI conditions,…
After high-profile actions against Binance, Australia is advancing a regulatory framework to impose bank-style standards on crypto trading platforms. Summary Australia’s draft bill released September 25 would bring exchanges and custody providers under AFSL licensing and ASIC oversight, extending financial-services law to crypto platforms. The proposal introduces digital asset platforms and tokenised custody platforms, targeting…
The Pi Network price is crashing today, Sept. 25, continuing a trend that started in February after its mainnet launch. Summary Pi Network price has crashed as the anonymous whale pauses his purchases. Sentiment in the crypto market has worsened this week. The Valor Pi Fund has attracted just $3,400 in assets. Pi Coin (PI)…
ETHZilla Corporation, a publicly traded company focused on Ethereum as a treasury asset and eyeing strategies around its decentralized finance ecosystem, plans to deploy $47 million in Ether to liquid restaking protocol Puffer. Summary ETHZilla eyes $47 million in Ethereum deployment on Puffer to enhance yields on company’s ETH holdings via restaking. The company, which…
