Bio Protocol has launched OpenLabs, a platform that combines AI-assisted research development, community funding, and on-chain governance as its ecosystem surpasses $33 million in capital raised. Summary Bio Protocol launched OpenLabs, combining AI-assisted research development, collaboration, and funding in one platform. Researchers can seek funding through community voting, with BIO token holders participating in governance…
Ripple’s dollar-pegged stablecoin RLUSD made two concrete infrastructure moves this week: cross-chain routing platform Squid integrated RLUSD for single-transaction swaps across more than 100 blockchains and 20,000-plus tokens. Ripple took a strategic stake in African payments giant Flutterwave at a $3.2Bn Series E valuation to embed RLUSD and the XRP Ledger into payment rails spanning…
In contrast, XMR and WLD have declined by over 4% in the past day. Bitcoin’s price was rejected at $67,000 earlier this week, and the intense pressure from sellers brought the asset south toward $62,000 on Friday, where it finally found some support. Many of the larger-cap alts have posted more impressive gains today,…
Binance founder Changpeng Zhao has proposed freezing up to 1 million Bitcoin linked to Satoshi Nakamoto if those coins remain unmoved after a future transition to quantum-resistant cryptography. Summary CZ proposed freezing inactive Bitcoin addresses after a future migration to quantum-resistant cryptography. His plan could affect up to 1 million BTC believed to be linked…
PI is among the most impressive performers over the past 24 hours. The expected delay with the latest Pi Network protocol update continues, but the team behind the project has now urged certain nodes to move faster so that it can be completed soon. Meanwhile, the project’s native token has finally shown some strength,…
Two Texas brothers have pleaded guilty to federal robbery charges after prosecutors said they kidnapped a Minnesota family and forced the transfer of more than $8 million in cryptocurrency. Summary Two Texas brothers pleaded guilty after prosecutors linked them to an $8 million crypto kidnapping and robbery. Victims were allegedly held at gunpoint for hours…
The Federal Reserve didn’t change the interest rates, as expected, while the US-Iran deal uncertainty still hinges despite promises. It was another eventful and volatile week in the cryptocurrency markets (and beyond), which began with promising news on the war front in the Middle East that all concerned parties had agreed to a deal….
Ali Martinez has cautioned that Strategy’s STRC structure may amplify financial stress in a prolonged Bitcoin bear market, citing similarities to the feedback loop seen in Terra-Luna’s collapse in 2022. Summary Ali Martinez warned that Strategy’s STRC structure could increase financial pressure during a prolonged Bitcoin decline. STRC fell as much as 17% below its…
How deep can BTC and ETH sink during this bear market? At the start of June, the two largest cryptocurrencies by market capitalization tumbled to their lowest levels in years. However, many analysts believe the cycle bottoms have not occurred yet. The big question now appears to be whether Bitcoin (BTC) or Ethereum (ETH)…
Zcash has gained renewed attention after discussions around Europe’s planned crypto compliance rules pushed the privacy-focused cryptocurrency back into the spotlight. Summary Mert highlighted Zcash as a leading privacy-focused crypto amid debate over Europe’s upcoming compliance rules. Analysts disputed claims that every Bitcoin transaction will require identity verification under the EU framework. Technical analysts are…
