Arthur Hayes has expanded his thesis for Flop Labs, an AI payment project he announced recently, arguing that AI agents need a form of money that can be exchanged directly for computing power rather than relying on dollars, Bitcoin, or conventional payment rails. The idea is simple on paper but ambitious in practice: if AI […]
XRP briefly surged past $1.7 before stabilizing near $1.4. While the token appears to have hit a wall after a massive rally, whale withdrawals from Binance have surged to their highest level in six months. According to the latest findings by CryptoQuant analyst Darkfost, more than 231 million XRP have moved off the exchange by […]
Revolut began rolling out EURR, its first euro-denominated stablecoin, opening the token to what the company called a “select group of customers” in Denmark, Poland, and Portugal ahead of a wider European Economic Area (EEA) launch expected later this year. The token is issued by Bridge, the stablecoin infrastructure firm Stripe acquired for $1.1 billion […]
A recent update from the XRP Ledger Foundation welcomed the TradFi giant, which has a long history with Ripple, to a hackathon taking place just ahead of the major conference, Ripple Swell. Meanwhile, 21Shares’s XRP ETF has changed how it prices the underlying token amid renewed inflows into all such funds. Mastercard Joins The XRP […]
Altcoins have taken a leading role in the latest crypto market rally, as trading activity and market capitalization surged alongside Bitcoin’s sharp move higher. This comes after an extended period of low volatility and subdued trading volumes. According to CryptoQuant analyst Darkfost, investor attention and capital have moved strongly toward altcoins, “potentially signaling a broader […]
XRP has flipped the script this week, emerging as one of the market’s strongest performers after weeks of lackluster performance. The crypto asset briefly tapped $1.76 before stabilizing near $1.50. A sharp rise in network participation has now added fresh weight to the rally. Higher Levels Ali Martinez reported that active addresses climbed from 47,180 […]
Grayscale’s Zcash fund began trading on NYSE Arca as the Zcash ETF (ZCSH) this Tuesday, August 25, billed by the firm as the first exchange-traded product in the world to offer spot exposure to Zcash (ZEC) and carrying a sponsor’s fee of 2.5% a year. ZCSH’s predecessor launched as a private placement in October 2017, […]
Cosmos Labs has urged affected networks in contact with its team to halt operations amid an ongoing security incident involving the EVM module. Statements issued by KiiChain, TAC, and MANTRA have all pointed to flaws within the Cosmos EVM infrastructure when describing the attacks they faced in recent days. Cosmos Labs, however, has yet to […]
The exchange has signed a non-binding letter of intent with Apex Fintech Solutions that would make its subsidiary, Gemini Titan, the exclusive regulated venue for crypto event contracts. According to the press release, these contracts will be distributed through Apex’s futures commission merchant (FCM) to its brokerage customers. Brokerages offering those contracts through the Apex […]
Michael Saylor’s Strategy swung an unrealized loss of more than $9.5 billion to a paper profit above $4.7 billion in just seven days. The reversal follows Bitcoin’s climb from the low $60,000s to above $80,000 over the same week, turning the largest corporate BTC holder’s balance sheet from red to green. The Numbers Behind the […]