Author: NBTC
After dYdX’s headline-making departure from Ethereum’s layer-2 ecosystem to its own standalone Cosmos-based chain, the crypto derivatives giant has been on a mission to prove that app-specific blockchains are the future. Speaking to Cryptopolitan in an exclusive interview, Charles d’Haussy, CEO of the dYdX Foundation, was characteristically bullish not just on dYdX’s new trajectory, but on DeFi’s coming resurgence and Ethereum’s enduring dominance. D’Haussy laid out a map for both the DeFi landscape and crypto markets over the coming months. He forecasts Bitcoin to hit $150,000 and Ethereum to reach $5,000 by October 2025. He even highlighted the accelerating role…
⚈ Ethereum open interest surged 80% since April, hitting a three-month high.⚈ ETH price climbed 76%, aligning with increased speculative activity and open positions.⚈ Technical analysis suggests a breakout toward $2,739 if bullish momentum continues. Ethereum’s (ETH) open interest, a measure of open derivatives positions at any given time, reached a 3-month high on May 13, signalling strong confidence that the present rally will continue. The total amount of derivatives positions open on the day was 17.05 billion, the highest it has been since February 2, and worth a total of roughly $32.68 billion, per data Finbold retrieved from cryptocurrency…
A sharp sell-off in Coinbase (COIN) stock may be an overreaction to two pieces of bad news that hit on the same day, according to analysts at Barclays and Oppenheimer. Shares of the crypto exchange dropped 7.2% on Thursday after it disclosed a social engineering-driven data breach and later reports revealed a long-running Securities and Exchange Commission (SEC) investigation into whether the company overstated user numbers in its 2021 initial public offering (IPO) filing. The stock’s intraday dip reached nearly 9% before recovering slightly. Read more: Coinbase Could Pay Customers Up to $400M for Data Breach Barclays said the market…
Top XRP commentator ‘All Things XRP’ suggests that Ripple’s potential acquisition of Circle will significantly drive XRP’s evolution in global finance. Reports of Ripple’s attempt to acquire USDC issuer Circle have been a major topic of discussion within the crypto community. According to reports, Circle rejected Ripple’s $5 billion acquisition offer because it was low. Subsequent reports indicate that Ripple increased the offer to $20 billion. However, many experts refuted this claim, noting that the $20 billion offer surpasses Circle’s valuation by a huge margin. Impact of Circle Acquisition on XRP While Ripple and Circle have not confirmed the reports,…
South Korea’s Democratic Party makes crypto a key election issue, launching a Digital Asset Committee to centralize policy under the president. Stablecoins and regulatory reform dominate discussions as lawmakers seek to modernize outdated crypto laws amid rising public interest. Crypto isn’t just a finance story in South Korea anymore, it’s turning into a major political issue. As the country heads toward its June 3 presidential election, the Democratic Party has placed digital assets at the heart of its campaign, forming a dedicated Digital Asset Committee to take control of regulation and reform. South Korea Crypto Law The committee held its…
Telegram has shut down the illicit marketplace Haowang Guarantee, formerly Huione Guarantee, which has facilitated transactions totaling over $27 billion in stablecoins since 2021. Haowang was shut down based on insights provided by blockchain analytics firm Elliptic on Tuesday. The closure took place amidst a crackdown on thousands of suspected Chinese crypto-crime channels operating on Telegram, following Elliptic’s report into marketplace Xinbi Guarantee. Telegram has now shut down both Huione and Xinbi, which processed a combined $35 billion of illicit transactions in stablecoins, Elliptic wrote in a web post on Wednesday. “Our analysis indicates that Huione Guarantee has facilitated transactions…
Cryptocurrency analysis company Alphractal has shared its latest data on the Bitcoin market. According to the assessment published by the company, the selling pressure from miners has decreased to the lowest level since 2024. The “Miner Selling Pressure” metric tracked by Alphractal measures the selling power of miners. This metric compares the total BTC outflows over the last 30 days to the average of miner reserves over the same period. A low value indicates that miners are holding on to their assets, which is a positive signal for the price. However, Alphractal warned that reselling interest could increase in the…
In the decentralized finance (DeFi) world, Fluid DEX — an emerging decentralized exchange — has drawn major attention. Liquidity providers (LPs) in its USDC-ETH pool have reported losses of up to $19 million caused by the platform’s rebalancing mechanism. This incident has sparked debate across the DeFi community and raised serious questions about transparency and accountability in protecting users. Ethereum Volatility Triggers Losses for Fluid DEX Fluid DEX launched in October 2024, when ETH traded around $4,400. The platform promised to generate liquidity of up to $39 for every $1 total value locked (TVL), attracting many LPs to provide liquidity…
The Ethereum Foundation has unveiled the “Trillion Dollar Security” initiative, a wide-ranging effort to scale Ethereum’s security infrastructure to a level capable of supporting trillions of dollars in onchain value. Announced on May 14, the program reflects Ethereum’s (ETH) ambition to serve as “civilization-scale infrastructure” that rivals and surpasses legacy financial systems in safety and resilience. The initiative will be led by Fredrik Svantes, the Foundation’s Protocol Security Lead, and Josh Stark of the EF management team. This initiative could be a catalyst for future price gains, as investors weigh its potential to boost institutional trust and onchain adoption. Over…
A growing number of companies are launching Solana tokens as a way to circumvent traditional fundraising methods. Tokens linked to these companies are hitting market capitalizations in the millions or even tens of millions—despite growing concern that many of their products are “vaporware.” “Internet capital markets is itself a powerful meme, and it’s among the most significant and OG meta-narratives and use cases for crypto,” Alon Cohen, co-founder of Pump.fun, told Decrypt. “In principle, it represents the ability to efficiently and instantly crowdsource liquidity on decentralized crypto rails.” The trend first rose to popularity in 2024, with the launch of…