A new group of veteran Bitcoiners will take over operations after supplying fresh capital and engineering resources. Boltz has suspended its Bitcoin swap service after a series of AI-assisted attacks caused losses for the bootstrapped five-person company, with the shutdown announced on August 3 and a new group of veteran Bitcoiners now preparing to…
Neutrl has suspended minting, redemptions, and other protocol functions while it assesses an unspecified reserve issue affecting roughly $53.7 million of NUSD in circulation. Summary Neutrl stopped core protocol functions after circumstances affected its reserves. Legal counsel advised the suspension while the team determines the scale of the impact. NUSD continues to trade near $0.998…
Ethereum Foundation researcher Justin Drake has said the network’s layer 1 will leave Poseidon after an eight-year, eight-figure research effort and pursue established hash functions such as SHA-2 or BLAKE2s. Summary Ethereum’s L1 roadmap will use traditional hashes instead of the SNARK-focused Poseidon function. Binary-field SNARKs can reportedly prove about 1 million traditional hash calls…
“Everybody is waiting for that ultimate confirmation, but that never comes,” Michael van de Poppe stated. It was the start of June when the second-largest cryptocurrency last traded above the $2,000 psychological level and is currently down 60% on a yearly scale. Despite the downfall, many analysts see upside potential, while some believe the…
Saturn has partnered with Ondo to add STRCon and other tokenized securities to its STRC-based products while securing an undisclosed strategic investment from the tokenization company. Summary STRCon will become the first Ondo-issued security introduced into Saturn’s sUSDat product. Ondo has made a strategic investment in Saturn, although financial terms remain undisclosed. STRC currently carries…
XMR flipped ADA and is now the 16th-biggest cryptocurrency. It is quite challenging to spot a cryptocurrency whose price has jumped by double digits over the past seven days, with Monero (XMR) among the few exceptions. Following the green wave, many market observers have become optimistic, expecting additional gains. Just the Beginning? XMR has…
Four companies within Mitsubishi UFJ Financial Group have launched a proof of concept to test Japanese government bond repo transactions on the Canton Network, with the project targeting automated processing and 24-hour on-chain settlement. Summary Four MUFG companies will test Japanese government bond repo transactions on the Canton Network. The proof of concept will examine…
Can BTC explode by over 300%, or is a huge crash incoming? The past week or so has been rather untypically calm for the largest cryptocurrency, with only minor volatility. However, an important indicator suggests that major turbulence could be approaching, though the eventual direction remains uncertain. “Explosive Move” on the Way? The X…
Ethereum price fell 2.4% from $1,918 to an intraday low of $1,872 as traders sold the initial U.S. inflation reaction, leaving ETH below $1,900 and testing a key daily support zone. Summary Ethereum price dropped 2.4% to $1,872 after its post-CPI advance stalled below resistance. $1,875 is the immediate support, while 4-hour momentum remains tilted…
Here’s what might be more compelling for Ripple and XRP aside from the price moves. Ripple’s native token has not been spared by the broader market’s weakness, and it posted a 21-month low at just under $1.00 a couple of days ago. Moreover, it closed at its lowest level since November 2024, as its…
