Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Comparing this year’s Bitcoin (BTC) chart to the U.S. dollar’s DXY index makes for a stark contrast. While Bitcoin has soared to new heights, breaching the $120,000 threshold, the DXY has had…
Arbitrum has launched the DRIP program to incentivize productive DeFi activity by rewarding users with ARB tokens for leveraging lending and looping strategies across its ecosystem. Summary Arbitrum DRIP Season One incentivizes leverage looping strategies in lending markets, rewarding users with ARB tokens for borrowing and redepositing assets. Eligible assets for collateral include major stablecoins…
Bad actors have started using Ethereum smart contracts to deploy malicious software and code, and are therefore able to bypass traditional security scans using this novel technique. Summary The npm packages use Ethereum smart contracts to hide malicious payloads. Researchers believe it is part of a larger campaign that primarily operates through GitHub. Researchers at…
Ukraine is edging towards clearer crypto regulation with a new bill on legalization and crypto taxation. Summary Ukraine’s parliament, the Verkhovna Rada, has passed the first reading of a bill to legalize cryptocurrency, with 246 votes in favor and 31 against. The bill introduces an 18% tax rate, with a 5% tax on crypto profits,…
Ethereum has pulled far ahead in total value locked while Solana remains stuck despite strong network activity. Summary Ethereum’s DeFi TVL has jumped from $43B in April to $92B, aided by yield strategies, institutional inflows, and an ETH rally. Solana’s TVL is holding at $25.7B backed by $12.46B in stablecoins and $118B in 30-day DEX…
A new regulatory guidance has opened doors for Polymarket to re-enter the United States following a three-year ban. Summary Polymarket has received a CFTC no-action letter covering QCX LLC and QC Clearing LLC, clearing the way for its U.S. return. The platform acquired the firms in July for $112 million, gaining a licensed exchange and…
SUI price has managed to hold support at $3 during its recent downtrend, forming a bullish pattern that points to a potential recovery over $5. Summary SUI price has fallen nearly 20% from its August high. New partnerships and ecosystem developments are positioning SUI for a bullish rally. According to data from crypto.news, the Sui…
American Bitcoin Corp. stock swang sharply on its Nasdaq debut, surging over 90% before wiping out most of its gains and closing the day up just 16.5%. Summary American Bitcoin stock surged to $13.20 in early trading before dropping 49% to $6.72 and closing at $8.05, up 16.5%. The debut gave the Trump-linked Bitcoin miner…
Lombard has completed a 1,400% oversubscribed token sale, which it will use to build in the Bitcoin DeFi ecosystem. Summary Lombard raised $94.7M in its Bard token public sale past the $6.75M goal The project builds DeFi functionality on top of the Bitcoin network The New Liquid Bitcoin Foundation will use the funds for development…
CRO price could be ripe for a strong bullish breakout after forming a highly bullish hammer candle and as its stablecoin growth accelerates. Cronos (CRO) token jumped to $0.28, up 11.6% from its lowest level this week and 260% above the year-to-date low of $0.08. The main reason for the recent surge was the recent…
