90,000 ETH in Just 2 Days: Is Ethereum Headed for a Big Correction?
TL;DR Big Ethereum investors cut their collective holdings to 15.4 million tokens following a massive sell-off this week. However, analysts still see upside potential, with chart signals hinting at a push above $5K this month if momentum holds. Taking Profits Ethereum’s (ETH) price has been hovering around $4,500 in...
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Democrats in Congress Call Foul on Status of Trump’s Crypto Czar David Sacks
President Donald Trump’s top adviser on crypto, David Sacks, is working under a “special government employee” status that’s meant to be for officials serviing an important but temporary duty with the federal government, and Senator Elizabeth Warren penned a letter with other Democrats in Congress asking him whether he’s...
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Curve Finance Pitches Yield Basis, a $60M Plan to Turn CRV Into an Income Asset
Curve Finance founder Michael Egorov unveiled a proposal on the Curve DAO governance forum that would give the decentralized exchange’s token holders a more direct way to earn income. The protocol, called Yield Basis, aims to distribute sustainable returns to CRV holders who stake tokens to participate in governance...
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Stellar’s XLM Rebounds From $0.38 Lows as Institutional Demand Fuels Recovery
XLM rebounded strongly after facing overnight selling pressure, with the token climbing back above $0.39 during European trading hours on Tuesday. The move followed a sharp dip that saw the asset fall from $0.39 at 2 a.m. UTC to $0.38 by 4 a.m., marking the session’s steepest decline. Elevated...
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HBAR Retreats Amid Constrained Range Trading and Diminishing Volumes
HBAR spent much of the past 23 hours locked in a narrow range, oscillating between $0.23 and $0.24 in what amounted to just 2% volatility. The token briefly touched session highs at $0.24 on Sept. 16 around 18:00 UTC before sliding lower, ultimately finding repeated support near $0.23. Multiple...
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The Protocol: ETH Exit Queue Gridlocks As Validators Pile Up
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Ethereum Faces Validator Bottleneck With 2.5M ETH Awaiting Exit Is Ethereum’s DeFi Future on L2s? Liquidity, Innovation Say Perhaps Yes Ethereum Foundation Starts...
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Bullish Shares Rise 5% Ahead of Earnings After Crypto Exchange Secures New York BitLicense
Shares of Bullish (BLSH) rose 5% to $53.12 on Tuesday after the crypto platform secured a BitLicense from the New York State Department of Financial Services, a crucial regulatory approval that opens the door to offering spot trading and custody services to institutional clients in New York. With the...
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BNB Price Jumps on Report Binance Is Nearing a DOJ Deal to End Compliance Monitoring
The price of BNB rose nearly 3% over the last 24 hours after Bloomberg reported that Binance is moving toward a potential deal that would end a a key compliance requirement from the exchange’s 2023 settlement with the U.S. Department of Justice. BNB, which offers discounted trading fees on...
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Analyst Predicts ‘Uptober’ Rally for Bitcoin Regardless of Fed’s FOMC Decision
Bitcoin traded at $116,236 as of 14:04 UTC on Sept. 17, up about 1% in the past 24 hours, holding above a key level as markets await the Federal Reserve’s policy announcement. Analysts’ comments Dean Crypto Trades noted on X that bitcoin is only about 7% above its post-election...
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MANTRA goes multiVM: EVM and CosmWasm now live on RWA-focused blockchain
MANTRA upgrades mainnet with EVM + CosmWasm support, targeting institutional tokenization and cross-ecosystem dApps. MANTRA has released a mainnet upgrade that brings native support for both Ethereum Virtual Machine (EVM) and CosmWasm contracts to its Layer 1 blockchain. The MultiVM…...
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