Polkadot’s community has opened a governance vote on a native decentralized stablecoin called dotUSD, with a proposal to make the dollar-pegged asset the network’s primary stable-value instrument and eventually back it mainly with DOT. Summary Polkadot OpenGov is voting on a proposal to create dotUSD as the network’s native decentralized stablecoin. The plan calls for…
Balanced Price has historically identified deep-cycle bottoms, yet Bitcoin’s changing relationship with the metric raises a fundamental possibility. Bitcoin staged a strong rally in August, surging by almost 30%. While some believe that the bear market is over, others argue that the risk of a devastating plunge still lurks over the world’s largest crypto…
Bybit launched three FX perpetual contracts on Sept. 8, expanding its derivatives business into major global currency markets. The exchange introduced USDT-settled contracts tracking EUR/USD, GBP/USD and USD/JPY. Summary Bybit launched USDT-settled perpetual contracts tracking EUR/USD, GBP/USD and USD/JPY with continuous trading and leverage. All three contracts offer maximum leverage of 100x and remain tradable…
Here’s why the vast XRP Army is counting the days until the September 15 CLARITY Act vote. But, can they be wrong? All crypto eyes have turned to the two major events next week (and the CPI inflation data on Friday), with some favoring the FOMC meeting, while others put more emphasis on the…
Traditional digital asset returns often rely on price increases. Whether it’s XRP, BTC, or other crypto assets, prices are influenced by various factors such as market sentiment, liquidity, and policy environment. Therefore, solely relying on price increases for returns carries significant market volatility risk. Summary XRPPower offers short and long term digital asset service plans…
BitMine now holds 5.93 million ETH, worth roughly $14.8 billion, representing 4.9% of total supply and bringing it close to its 5% target. BitMine Immersion Technologies (BMNR) reported an Ethereum (ETH) treasury of 5,929,198 tokens and combined crypto, cash, and moonshot holdings of $15.7 billion as of September 7, in an 8-K filed September…
BitMine Immersion Technologies has purchased 28,086 ETH worth about $70.1 million, raising its Ethereum treasury to 5.93 million tokens as Chairman Tom Lee predicts further gains for the asset. Summary BitMine acquired 28,086 ETH last week, lifting its holdings to 5,929,198 tokens. The company now owns 4.9% of Ethereum’s estimated 122 million-token supply. More than…
ETF demand remains strong, but inflation data could determine where Bitcoin goes next. Bitcoin dipped below $80,000 as strong US jobs data raises the chances of another interest rate hike. Markets now put the odds of a Federal Reserve rate hike on September 16 at about 60%. According to the recent Bitfinex Alpha report,…
Circle has added upfront fee payments to CCTP Fast Transfer, allowing developers to quote and collect cross-chain USDC fees on the source network while preserving the amount delivered to recipients. Summary CCTP developers can collect Fast Transfer and Forwarding Service fees before a USDC transfer. Fees can be paid in USDC or the source blockchain’s…
What it used to take up to two business days was settled for minutes during the weekend. DBS and Citi settled a US dollar cross-border payment between Singapore and New York on September 5 using tokenized deposits on SWIFT’s shared ledger, clearing the transfer in minutes over a weekend when a conventional payment can…
