In an unexpected yet electrifying twist, Coinbase has introduced wrapped ADA, known as cbADA, on the Ethereum-based layer 2 network, Base. This announcement, made on June 24, could very well signal a pivotal shift for Cardano (ADA). Each wrapped token is backed 1:1 by ADA securely held in custody by Coinbase, creating a layer of
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In an alarming episode that reverberates throughout the decentralized finance (DeFi) landscape, the stablecoin protocol Resupply has been ravaged by a $9.5 million exploit. This incident comes at a time when trust in DeFi should not be taken for granted but seems to be increasingly fragile. It isn’t merely the financial loss itself that is
In an industry so rife with speculation and rapidly shifting dynamics, the recent sleight of hand by popular NFT project Doodles has captured attention by teasing “the collide is coming.” This cryptic message, accentuated by a striking image of Hap—an emblematic character—being pulled into a monochrome abyss by an astronaut has left many NFT aficionados
Over the last 48 hours, Bitcoin’s price has danced precariously around the $108,000 mark, an area that has sparked fervent debates among traders and analysts. This price point is more than just a benchmark; it represents a psychological barrier for both bulls and bears. The bulls are keen to break through, eager to explore what
The crypto market has long operated in a nebulous atmosphere of regulatory ambiguity, which has held back its potential. However, with the recent acquisition of a full Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland, Kraken has paved the way for a transformative phase in digital asset services across Europe. This pioneering
As of late, Ethereum—the second-largest cryptocurrency by market capitalization—has been caught in a whirlwind of price fluctuations, mirroring the erratic nature of the crypto market itself. Recent data reveals Ethereum’s struggle to maintain a foothold above the psychologically significant price of $2,400, a grim reminder of its vulnerability. After dipping to a local low of
In a striking revelation that should send shivers through the cryptocurrency community, Binance’s monthly Bitcoin (BTC) inflows have plummeted to an alarming 5,700 BTC. This staggering drop represents less than half of the 12,000 BTC average since 2020 and a mere 25% of the inflow during the turbulent days of the FTX debacle in late
On June 25, 2023, the Federal Housing Finance Agency (FHFA), headed by Director Willian J. Pulte, took a groundbreaking step by allowing Fannie Mae and Freddie Mac to recognize cryptocurrency reserves as eligible assets for measuring risk on single-family mortgage loans. This decision is not merely a nod to a growing technological trend but a
The cryptocurrency market has always been a wild frontier, but new data from on-chain analytics firm Santiment reveals something that could signal a tipping point. With an astonishing 94.5% of Bitcoin (BTC) holders sitting on unrealized gains, it’s impossible not to wonder whether this bull run is nearing its climax. Ethereum (ETH), the second most
The launch of the Solana-based application ZE23 marks a pivotal moment in the social media landscape, dare we say a revolution. This platform emerges as a bold response to the status quo, where traditional social media companies extract vast profits from user-generated content while returning scant benefits to the creators and consumers. ZE23 taps into