Author: CryptoDigestAlert.com
Bitcoin steadied above $120,000 on Friday Oct. 10 as the broader crypto market retraced slightly, reflecting cautious sentiment ahead of key catalysts later this month. The global crypto market cap fell 0.9% to $4.24 trillion, with trading volume exceeding $202… Source link
The crypto market is buzzing this week after BNB overtook XRP to reclaim the third spot by market cap. Alongside this reshuffle, a viral story made waves about a trader who turned $3,000 into $2 million following a CZ tweet about a meme coin. While BNB and XRP dominate the headlines, presale projects like Layer Brett (LBRETT) are quickly gaining traction as investors search for high-risk, high-reward plays that established tokens may no longer provide. BNB flips XRP in the rankings BNB’s rise highlights the ongoing strength of exchange-linked tokens. Binance continues to dominate global trading volumes and its native…
TLDR: YZi Labs commits $1B to boost BNB Chain founders building in DeFi, AI, RWA, and payments sectors worldwide. The BNB Chain ecosystem now supports 26M daily transactions and ranks first in DEX trading volume globally. EASY Residency Season 2 expands to four global hubs, providing a network and funding access for BNB builders. YZi Labs strengthens ties with BNB Chain after backing projects like PancakeSwap and ListaDAO through its programs. BNB Chain has gained a massive boost. YZi Labs has unveiled a $1 billion Builder Fund, marking one of the largest capital moves aimed at supporting blockchain founders in…
Uniswap Labs has absorbed the Guidestar team, a group operating under the radar for two years. The move aims to advance automated market maker architecture, specifically tailoring liquidity solutions for diverse assets from stablecoins to real-world assets. Summary Uniswap Labs acquires Guidestar, a stealth team led by Alex Nezlobin, to strengthen automated market maker and routing research. The acquisition builds on Uniswap v4’s flexible architecture to optimize liquidity across diverse assets, from stablecoins to real-world tokens. Guidestar’s research focuses on adapting AMMs for different market conditions and blockchain environments. According to a press release dated Oct. 6, Uniswap Labs has…
Crypto history was made today, Oct. 6, as Bitcoin smashed a new all-time high of $125,600, continuing a trend that started in April when it bottomed at $74,570. Summary Bitcoin price soared to a new all-time high on Monday. Spot Bitcoin ETFs have had substantial inflows this year. There is optimism that the Fed will start to cut interest rates. Bitcoin (BTC) jumped as Wall Street investors piled into the coin, as evidenced by soaring inflows into spot ETFs. Data show that spot BTC ETFs have crossed $60 billion in inflows, with their total assets jumping to $164 billion. BlackRock’s…
TLDR: Tether and Circle control 86% of supply, down from 91.6% in March 2024, showing pressure from new entrants. Fintechs and exchanges are steering users into white-labeled stablecoins to capture yield lost to incumbents. DeFi projects like Hyperliquid and fintech wallets like Phantom are launching stablecoins to internalize revenue. Banks can now issue stablecoins post-GENIUS, raising competition against Tether and Circle’s $245B supply share. The stablecoin market, long dominated by Tether and Circle, is starting to fracture. Once thought untouchable, the two issuers now face a wave of challengers ranging from crypto startups to traditional banks. The supply share of…
Ripple’s president says 3 trends in stablecoins are transforming global finance, accelerating blockchain adoption, strengthening institutional participation, and redefining how money moves across global payment networks. Ripple Exec Details How 3 Stablecoin Trends Are Transforming Global Finance A growing convergence between traditional finance and blockchain is redefining global payments, according to Ripple President Monica Long. […] Source link
TLDR: Ripple provided $1.3M in stablecoin to fund UC Berkeley’s new Center for Digital Assets and blockchain research. The center will study blockchain, digital twin technologies, and valuation methods for real-world and digital assets. UC Berkeley and Ripple extend their seven-year partnership with a new accelerator for XRPL blockchain startups. The center will support research, education, and digital asset innovation while nurturing global academic and industry ties. Ripple and UC Berkeley have joined forces to push digital assets into a new chapter. The university’s College of Engineering is opening a Center for Digital Assets, backed by Ripple’s $1.3 million contribution.…
TLDR: Bill S.8518 taxes energy for proof-of-work crypto mining, with rates rising above 2.25M kWh in New York. Taxes scale from 2¢ to 5¢ per kWh for crypto miners above set thresholds under new NY plan. Exemptions apply if mining uses off-grid renewable energy not tied to electric grid. All collected funds would support energy affordability programs across New York State. Crypto miners in New York may soon face a new cost shock. A state senator has introduced a bill targeting energy use in proof-of-work mining. The proposed law would levy an excise tax on electricity consumed by mining operations.…
Dogecoin (DOGE) is currently showing signs of entering one of its strongest bullish phases yet, with an analyst pointing toward a rare chart formation that could trigger a powerful upside rally. According to technical analysis, Dogecoin may be on its way to hitting new all-time highs, with $0.8 marked as the next bullish target. Related Reading Analyst Doubles Down On Bold Dogecoin Forecast A new analysis by Mikybull Crypto, a prominent market expert on X social media, reveals that Dogecoin has completed the critical phases of a Bump and Run reversal chart pattern—a setup that historically precedes explosive breakouts. With…