Category: crypto

Altcoins are experiencing a five-year extreme of selling pressure, with a cumulative net sell of $209 billion over 13 months. This trend indicates fading retail demand and lack of institutional buying, contrasting with Bitcoin’s performance. Market reversals historically require sustained buying to replace selling.

MYX has completed a strategic funding round led by Consensys for the launch of its V2. The platform has transitioned into core infrastructure for omnichain derivatives, offering gasless, one-click trading with up to 50x leverage. MYX aims to eliminate trade-offs in onchain trading, providing predictable pricing and reduced execution risk for traders.

Bitcoin’s price has dropped by about 2% in the past week, as Mitsubishi UFJ Financial Group highlights the advantages of stablecoins for price-stable payments. Stablecoins, such as those pegged to fiat currencies, are seen as better suited for everyday transactions due to their stability and low transaction costs compared to Bitcoin’s volatility.

Coinbase now offers crypto-backed loans for XRP, Dogecoin, Cardano, and Litecoin, in addition to Bitcoin and Ethereum. Users can borrow up to $100,000 in USDC by pledging these assets as collateral. Stricter risk controls are in place for these assets, with lower borrowing limits and variable interest rates based on market conditions.

OpenAI has introduced EVMbench, a new system to measure how well AI agents can detect, fix, and exploit security flaws in crypto smart contracts. Developed with Paradigm, the benchmark focuses on practical, high-risk scenarios and has shown progress in exploit tasks. The company aims to improve AI capabilities for security testing.

World Liberty Financial is collaborating with Securitize and DarGlobal to tokenize loan revenue from a Maldives resort, starting with the Trump International Hotel & Resort. The project targets accredited investors and aims to link decentralized finance with traditional assets and institutional finance. The offering will operate under regulatory and transfer rules.

In a letter on February 18, Starboard Value urged Riot Platforms to shift from bitcoin mining to becoming an AI/HPC data center provider. Starboard highlighted a $21 billion opportunity in AI and warned that Riot’s power assets make it a prime acquisition target. The investor emphasized the need for quick execution.

Zora has launched “attention markets” on the Solana blockchain, allowing users to trade tokens based on online trends. Users can create markets for 1 SOL, trade positions in real time, and speculate on topics gaining or losing social media attention. The move marks Zora’s expansion beyond NFTs and Ethereum infrastructure.

BlackRock and Coinbase plan to take 18% of staking rewards from BlackRock’s proposed Ethereum ETF. Between 70% and 95% of the fund’s Ethereum will be staked, with Coinbase as custodian. Supporters see institutional yield access positively, while critics express concerns about fees and centralization risks. The fund aims to provide regulated crypto yield products in…

Bitwise Asset Management plans to launch new exchange-traded funds linked to political prediction markets, pending regulatory approval. The proposed funds, operating under the brand “PredictionShares,” would offer investors access to contracts based on U.S. election outcomes. Other firms are also entering this space, driven by growing interest in prediction markets.