Category: crypto

Bitwise predicts that Finance 2.0 is on the horizon with the rise of tokenization, stablecoins, and crypto ETFs. Blockchain technology is seen as significantly superior to existing financial infrastructure. Trillions of assets could be tokenized within a new financial stack, making finance more efficient and accessible globally.

Decentralized lending protocol Aave has launched on Ethereum layer 2 X Layer, developed by OKX. Users can lend, borrow, and earn yield directly on the network without bridging assets. Aave’s arrival on X Layer could boost liquidity and expand DeFi capabilities. OKX Wallet users can access the service easily through the DApps section.

The Ethereum Foundation has staked over $46 million worth of ether in its largest single-day allocation to the Beacon Chain. This follows a treasury strategy to deploy holdings for yield. The foundation also sold 5,000 ETH for $10.2 million in an over-the-counter deal to BitMine Immersion Technologies.

OMI introduces a unified methodology combining data from Similarweb, Moz, and proprietary metrics to improve media planning insights. The index aggregates 37 metrics across reach, SEO, and engagement, helping advertisers and analysts compare outlets with standardized data. OMI aims to provide a consistent analysis layer for media decisions.

Bitcoin ETFs experienced $296.18 million in outflows, ending a four-week streak of inflows totaling over $2.2 billion. BlackRock’s IBIT led the redemptions with $225.5 million withdrawn on the last trading day. Spot Ether ETFs also saw $206.58 million in weekly outflows. The macroeconomic backdrop, including geopolitical instability and inflation concerns, contributed to the withdrawals.

In March, prediction market usage reached record levels, with transactions exceeding 191 million and trading volume around $23.9 billion. Geopolitical and macroeconomic events are driving most activity, while crypto-related markets have a smaller share. Regulatory developments and improved accessibility are supporting the growth of prediction markets.

Walmart-owned OnePay has added over a dozen crypto tokens to its platform in response to customer demand. The platform is expanding its offerings, including tokens like SUI, Polygon, and Arbitrum, with plans to prioritize assets based on demand, liquidity, regulation, and long-term utility. OnePay aims to build a curated set of assets for customers to…

Lido DAO plans to buy back 10,000 stETH tokens worth $20 million to support LDO prices during a market downturn. The proposal aims to address the significant undervaluation of LDO compared to its fundamentals. The buyback will be done in smaller batches with token holder approval. Despite revenue decline, Lido’s performance remains strong.

A report on potential US ground action in Iran increased tension in global markets. The Pentagon is considering options for ground operations in Iran, including Special Operations forces and conventional infantry targeting Kharg Island. Despite preparations, officials emphasize diplomacy. Bitcoin remained stable around $66,500 as traders awaited market reactions.

Onchain commodity trading is gaining popularity as traders seek continuous access to commodities like oil, gold, and indices. Hyperliquid recorded $5.4 billion in perpetual futures volume across various assets, indicating increasing interest in onchain macro trading. While traditional markets still lead in liquidity and execution quality, onchain platforms offer round-the-clock access and the ability to…