Category: crypto

Bitcoin reached a 50-day high above $95,000 due to stable U.S. inflation, decreasing ETF outflows, and growing U.S.-Iran tensions. This highlights Bitcoin’s role as both a macro asset and a geopolitical hedge. Other cryptocurrencies like Ethereum, Solana, and XRP also rose, with the $100,000 level being closely watched for market trends.

Aave’s DAO-Labs governance dispute caused a $500M loss in AAVE value, but top holders accumulated tokens. Despite the decline, deposits, revenues, and sentiment are recovering. The dispute centered around revenue sharing and brand control, with tensions escalating to a failed vote for brand transfer to the DAO. Despite the selloff, Aave’s fundamentals remain strong.

XRP is currently trapped between strong resistance and support levels, with the next move depending on whether bulls can break out or bears cause a breakdown. The cryptocurrency has faced rejection at resistance, leading to consolidation, and the next direction will be determined by how it handles these key levels in the near future.

Bitwise analysis shows that gold provides protection during market drawdowns, while Bitcoin delivers strong returns in recovery periods. A 15% allocation to both assets can significantly boost the Sharpe ratio of a portfolio. Gold consistently performs well during market stress, while Bitcoin excels in recovery phases, supporting a combined strategy.

Enlivex Therapeutics Ltd. raised $212 million through a private equity deal and is using much of it to build a digital asset treasury with the RAIN token, a decentralized prediction market protocol. The company holds 76 billion RAIN tokens with potential for more, while also making progress in clinical trials for its osteoarthritis therapy Allocetra.…

Ethereum is experiencing a surge in new user activity, with an average of 327,000 new wallets created per day and a peak of nearly 394,000 in a single day. Factors such as lower fees after the Fusaka upgrade and record stablecoin usage have encouraged user onboarding. Despite ETH price remaining range-bound, real usage and adoption…

Bitchat usage has spiked in Uganda ahead of the presidential election as a way to communicate during a nationwide internet blackout. Opposition leader Bobi Wine encouraged supporters to download the app. Despite threats from the government to shut it down, Bitchat’s decentralized nature has made it difficult to disable.

Germany’s DZ Bank has received approval from BaFin to launch its cryptocurrency trading platform called meinKrypto. The platform will offer Bitcoin, Ethereum, Litecoin, and Cardano. Custody will be handled by Boerse Stuttgart Digital. Other German banks like DekaBank and LBBW are also entering the digital asset market.

Ripple aims to make XRP and RLUSD institutional-grade with acquisitions and custody services by 2026. A software engineer claims they have created a “Wall Street kit” for pensions, banks, and corporates. However, actual adoption will depend on verifiable flows and real-world usage of XRP and RLUSD.

Pakistan has signed a memorandum of understanding with World Liberty Financial to trial a USD1 stablecoin in its payment system. This comes as Pakistan formalizes its crypto regulations and explores the possibility of creating a Bitcoin reserve. World Liberty is seeking a U.S. banking charter to increase regulatory oversight.