In a remarkable turn of events, Berachain, an EVM-compatible Layer 1 blockchain, has made headlines just 20 days post its Mainnet launch. Surpassing established platforms like SUI, Avalanche (AVAX), and Arbitrum, Berachain has achieved a significant Total Value Locked (TVL) of $3.27 billion. Although it experienced a slight reduction following its peak, this achievement catapults
Crypto
The recent security breach at Stablecoin Bank Infini highlights the vulnerabilities within the cryptocurrency sector. Over $49 million in USDC was stolen due to an exploit that involved the misuse of administrative privileges. On-chain analytics uncovered the breach, which first came to light on February 24 when CertiK observed irregular fund movements linked to Infini’s
The cryptocurrency market has recently witnessed a tumultuous week, especially concerning Bitcoin, the leading digital asset. After enjoying a semblance of stability over the weekend, where Bitcoin held firm just below the $96,000 mark, the asset began to falter at the start of the business week. A series of price declines swiftly pushed Bitcoin to
Bitcoin’s recent price movement suggests that it is currently navigating a challenging landscape, having recently fallen below the important 100-day moving average, which is situated at $98,000. This dip indicates a shift in market sentiment, with the prospects of increased selling pressure looming. As Bitcoin approaches the critical support level of $95,000, traders are closely
Recent reports have unveiled troubling signals regarding the strength of the US economy, particularly highlighted by a dismal reading of the service-sector Purchasing Managers’ Index (PMI), which hit its lowest mark in over two years. This downturn raises essential questions about the overall health of economic activity. As we anticipate the release of crucial economic
In a bold move to reshape the stablecoin market, Reeve Collins, a co-founder of Tether, is set to launch a new decentralized stablecoin called USP. The introduction of USP, slated for the second half of 2025, is positioned to make waves in a sector currently dominated by industry titans like Tether (USDT) and Circle’s USDC.
The financial markets have often been characterized by their unpredictable behavior, but the last six months have highlighted a particularly stark contrast between Bitcoin and gold. As Bitcoin (BTC) struggles to maintain momentum below the $100,000 mark, gold has defied expectations with a remarkable rally, nearing $3,000 per ounce, a milestone that could reshape investor
The cryptocurrency landscape is notoriously volatile, and recent developments have cast a shadow over Bitcoin exchange-traded funds (ETFs) in the United States. Once viewed as a promising investment vehicle for mainstream investors, the enthusiasm surrounding Bitcoin ETFs appears to have waned significantly. Data indicates that February 2025 has been a particularly bleak month for these
The cryptocurrency market has been characterized by intense fluctuations, particularly following the unprecedented hack at Bybit that occurred last Friday. The price of Bitcoin (BTC) has experienced significant swings, but as of now, it rests just above the $96,000 mark. This stability comes after a tumultuous few days where market sentiment was heavily influenced by
In a significant move toward integrating digital assets into mainstream finance, Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have announced a joint venture aimed at developing a stablecoin backed by the Hong Kong dollar. This collaboration marks a pivotal moment for Hong Kong as it asserts its ambition to