Drift Protocol opened claims and redemptions for its DFX recovery token on Oct. 1, giving victims of its April exploit a way to receive the USDT stablecoin from the Recovery Pool. The exit has a permanent tradeoff: redeemed tokens are burned and no longer share in future deposits. In its launch announcement, Drift described a…
The Ethereum Foundation’s Oct. 1 announcement that zkAPI is running on mainnet gives the private AI-payment design coauthored by Davide Crapis and Vitalik Buterin a concrete financial-control test: how does a user get unspent money back when the billing server stops cooperating? zkAPI, a billing system for metered APIs, documents an onchain withdrawal route that…
Bitcoin enters the final quarter of the year after a powerful recovery in the third quarter, but analysts warn against expecting another straight-line rally. Instead, they pointed to some key factors that could impact BTC and the overall market in the following three months. Some of them include the Federal Reserve, Treasury-market liquidity, ETF flows,…
Lido’s proposed route for running larger Ethereum validators would require a 32 ETH entry bond, compared with 2.4 ETH for its existing default route. That higher collateral can become more efficient once enough stake is allocated to the validator, but an operator’s profile and place in the funding queue determine how useful the advantage is.…
Own assets or be left behind — this is what the analysts at the Kobeissi Letter argued, highlighting the major discrepancy between those who do and those who stay on the sidelines. Bitcoin fits surprisingly well into this distorted economy, but treating it as a cure for the destruction of the middle class would be…
On Oct. 2, the SEC approved the Cboe BZX exchange’s listing proposal for VS Trust’s 3x Bitcoin ETF and 3x Ether ETF. The decision clears an exchange-rule hurdle for products sponsored by Volatility Shares that seek amplified daily crypto futures exposure. The order covers six funds, including products tied to gold, silver, crude oil and…
Crypto firms have spent years building financial products on blockchains. Getting people to use them — and keep using them — is becoming the next challenge.
After Friday’s enhanced volatility following the US economic news, bitcoin’s price inched higher during the weekend and now sits above $85,000. However, it almost feels like a familiar trap. History has shown that fluctuations ramp up on Monday morning after an eventful weekend in terms of new developments on the Middle East front. The New…
When you hold a dollar stablecoin, somebody else may be earning interest on the assets backing your balance, while a company borrowing to buy Bitcoin has to find the money to pay its lenders. Both businesses are crypto-native, but a higher interest rate can reward the first and eat into the economics of the second.…
Crypto M&A has hit record levels, but the Clarity Act’s Senate setback leaves dealmakers weighing how much regulatory uncertainty still matters.