Tag: Cryptoslate
Blockchain
Stablecoin issuer Circle eyes US move, setting stage for rumored IPO
Stablecoin issuer Circle reportedly plans to shift its legal home to the United States from Ireland for undisclosed reasons, Bloomberg reported on May 15 The firm has begun the relocation process by
Blockchain
Hash Ribbon metric signals miner capitulation, possibly marking Bitcoin’s price bottom at roughly $56,500
Quick Take The Hash Ribbon metric by Glassnode, which has marked most of the bottoms in Bitcoin in the past five years, is finally signaling miner capitulation This technical indicator assumes
Blockchain
Babylon partners with pSTAKE to launch Bitcoin liquid staking
pSTAKE Finance, backed by Binance Labs and a prominent figure in the liquid staking sector, is set to introduce a novel liquid staking solution for Bitcoin, constructed on Babylon’s framework
Blockchain
US CPI inflation data meets expectations, Bitcoin hits $64,000 in response
Quick Take Data from Trading Economics shows that the much-anticipated US CPI inflation data aligns with market expectations, declining slightly from previous prints Headline inflation year-over-year
Blockchain
Degen Chain restarts after two-day outage, still stabilizing infrastructure
Degen Chain, an Ethereum layer-3 blockchain, has resumed operations two days after halting block validation The pause, which began on May 12, rendered several decentralized applications and bridges
Blockchain
Ark ARKB’s $133.1 million surge leads Bitcoin ETFs to inflows
Quick Take According to data from Farside, Bitcoin (BTC) exchange-traded funds (ETFs) witnessed an inflow of $1005 million This marks the largest inflow into these ETFs since May 6 and represents a
Blockchain
Avara to launch Lens Network on zkSync to expand on success of Lens Protocol
Building on the success of Lens Protocol, Lens Lab, an entity under Avara, has announced the Lens Network, a blockchain-based network aimed at transforming the future of social media interactions
Blockchain
DeFi protocols Sonne Finance and ALEX Lab lose over $24 million in separate hacks
At least two DeFi projects were targeted by significant exploits in the early hours of today, resulting in millions of dollars in losses Sonne Finance exploited Decentralized liquidity provider Sonne
Blockchain
Coinbase records third-largest Bitcoin outflow of 2024, totaling nearly $1 billion
Quick Take Two transactions originating from Coinbase cold storage were detected around 3 am GMT on May 15 Each transaction involved 8,000 Bitcoin, totaling $49396 million Together, these
Blockchain
Oklahoma signs bill into law protecting crypto spending, mining, and self-custody
Oklahoma has signed into law a bill protecting crypto-related rights The Oklahoma State Legislature website indicates Governor Kevin Stitt approved HB 3594 on May 13 The bill comes into effect on Nov
Blockchain
Polkadot funds $600k project to introduce smart contracts, boosting blockchain capabilities
The Polkadot Governance Community has approved approximately $600,000 for Pop Network’s R0GUE team to develop smart contracts that integrates the blockchain network’s native DOT token Smart
Blockchain
State of Wisconsin Investment Board, Titan Global invest in spot Bitcoin ETFs
The State of Wisconsin Investment Board (SWIB) and others reported investments in spot Bitcoin ETFs In a May 14 filing, SWIB disclosed 25 million shares of BlackRock’s IBIT worth $991 million
