What is an economic node? To understand that, you need to first conceptually understand how a user interacts with the Bitcoin network in the first place. Bitcoin is a database, and a network to facilitate the updating and synchronization of updates to that database, used for the primary purpose of people transacting bitcoin (entries in … Read more
The US Securities and Exchange Commission (SEC) asked would-be Solana exchange-traded fund (ETF) sponsors to file amended S-1 Forms within a week, Blockworks reported on June 10, citing three people familiar with the discussions. The sources said that the SEC has informed the issuers that it intends to respond within 30 days of the filings. … Read more
Aave has deployed its decentralized finance protocol on Soneium, an Ethereum layer two (L2) developed by Sony Block Solutions Labs. Sony’s Soneium Welcomes DeFi Giant Aave to Its L2 Network Aave, a major decentralized finance (defi) protocol, has launched on Soneium, a new Ethereum L2 developed by Sony Block Solutions Labs, a joint venture between … Read more
The American Bitcoin company, backed by US President Donald Trump and his son Eric Trump, has quietly collected 215 BTC as part of its Bitcoin accumulation strategy launched in April. This amount is over $23 million according to the current market value. The accumulation in question stands out as a significant reserve that the company … Read more
The Mexican Peso steadies against the US Dollar ahead of Wednesday’s US CPI release, which may guide Fed expectations. The US and Mexico prepare for trade talks, scheduled to take place in Canada on Wednesday. USD/MXN pauses above 19.00 with US-China trade talks limiting the pair’s gains. The Mexican Peso (MXN) is trading flat against … Read more
Société Générale-Forge, the crypto arm of French financial services company Société Générale, has launched a new US dollar-pegged stablecoin. According to a June 10 announcement, the stablecoin, dubbed USD CoinVertible (USDCV), will be issued on the Ethereum and Solana blockchains. US-based financial services firm Bank of New York Mellon will act as the custodian for … Read more
Bitcoin has officially completed 30 consecutive days trading above the $100,000 mark, marking a historic milestone in its 15 year journey. Bitcoin achieved its all time high (ATH) of $111,980 on May 22, almost hitting $112,000. In the last 30 days, Bitcoin saw a 10 percent pullback right after reaching its ATH, dropping to $100,428. … Read more
A recent social media post by President Santiago Peña announcing the enactment of bitcoin as Paraguay’s legal tender, shook the crypto community. Nonetheless, this turned out to be a scheme by attackers who gained control of the account and tried to take advantage. Attackers Compromise Paraguay’s President X Account, Announce Bitcoin as Legal Tender Paraguay … Read more
Franklin Templeton, an investment management company with $1.53 trillion in assets under management, has debuted a feature that offers investors yield down to the second when holding tokenized assets. According to a Tuesday announcement, the “Intraday Yield” feature will allow investors to accrue yield proportional to the time they hold a tokenized security, even if … Read more
An analyst has suggested that a confluence of fundamentals and bullish technical indicators is potentially forming a “perfect storm” for XRP to reach the $10 mark. Reaching this level would represent a 336% rally from XRP’s price of $2.29 as of press time. Indeed, the move will be massively bullish, considering that XRP has struggled to establish … Read more