Author: driver789
Balancer Labs, the team behind the decentralized finance protocol Balancer, is shutting down after mounting financial pressure and a $116 million hack in November, with executives proposing continuation of the protocol under a leaner, more cost-effective structure.“After careful consideration, I have decided to wind down Balancer Labs. This is not a decision I take lightly,” one of Balancer Protocol’s founders, Fernando Martinelli, said on Monday, adding that Balancer Labs has become a “liability rather than an asset to the protocol,” as it has been operating without revenue.Balancer Labs CEO Marcus Hardt added that it was spending too much to attract liquidity…
Crypto industry insiders got their first look at the revised market structure bill in the Senate, and the opening impression was that the language on allowable stablecoin yield was overly narrow and unclear, according to a person familiar with the current draft.The new language, which was announced Friday by Senators Angela Alsobrooks and Thom Tillis, would ban yield payments for simply holding a stablecoin. It would also restrict any approach that makes the program in any way equivalent to a bank deposit, and it applies further limits to other potentially allowed activities, the person said, adding that the mechanics of…
John Haar, managing director at Swan Private, says the policy response to COVID remains one of the clearest catalysts for Bitcoin adoption in recent years and argued that another large-scale round of money creation is likely a matter of when, not if. In an interview with Milk Road, Haar said the next “big print” may emerge within the next three to 24 months, driven by anything from war and banking stress to pension insolvency or AI-related labor disruption. The Next Big Print Favors Bitcoin Haar framed the argument less as a prediction of an imminent event and more as a…
Ethereum is flashing early warning signs as momentum begins to shift beneath the surface. The RSI trendline break on the USDT ($1.00 · Live) pair suggests weakening strength, while the ETH ($2,141.18 · Live)/BTC ($70,691.00 · Live) pair now sits on the edge of following suit. With a familiar breakdown pattern taking shape, the risk of a double confirmation is rising, one that could open the door to a sharper move lower. RSI Breakdown Signals Early Weakness On Ethereum/USDT According to a recent Ethereum analysis from Umair Crypto, the USDT pair has already seen its RSI trendline break, signaling an…
MoonPay recently launched an open-source wallet standard to equip artificial intelligence (AI) agents with the ability to manage funds and conduct transactions across multiple blockchains. By doing so, MoonPay says it is trying to confront the challenges posed by the existing fragmentation in wallet and key management systems that autonomous software often encounters. The escalating involvement of AI agents in economic activities underscores the urgent need for standardized financial tools that streamline operations and minimize risks. Under traditional systems, each AI agent typically must handle its own keys and maintain a distinct balance, which invariably leads to inefficient processes and…
Key takeaways:Bearish Bitcoin futures premiums and low call option odds suggest traders remain skeptical despite BTC’s brief 4% relief rally.High oil prices and cautious Fed policy continue to pressure risk assets, while Bitcoin derivatives metrics signal a lack of conviction.Bitcoin (BTC) surged 4% within minutes of US President Donald Trump announcing his intention to temporarily de-escalate the conflict in Iran and pursue negotiations. While oil prices immediately tumbled 14% to $85 per WTI barrel and the S&P 500 climbed 3%, Bitcoin derivatives metrics continued to signal skepticism and a lack of confidence in the $68,000 support level.Bitcoin 2-month futures annualized…
Bitcoin BTC$70,602.37 held onto gains Monday after an early surge above $70,000, but the rebound’s fate now hinges on what’s next between the U.S. and Iran.The move followed U.S. President Donald Trump’s announcement of a five-day pause on strikes against Iranian energy infrastructure, citing “productive” diplomatic talks. Iranian officials denied the existence of talks, but markets largely brushed it off, with risk assets holding firm through the session.Bitcoin hovered just below $71,000 later in the session, up 3.8% over the past 24 hours. Altcoins outperformed, with ether (ETH), solana (SOL) and DOGE$0.09448 each gaining around 5%.Crypto-linked equities also rallied, led…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite losing the $2,100 price mark during the weekend, Ethereum, the second-largest cryptocurrency asset, is making waves on the institutional level. From recent updates concerning ETH, the network is undergoing a pivotal moment in its evolution, becoming a yield-generating asset for institutions across the sector. Institutions Can Now Earn Yield On Ethereum As the crypto sector evolves, the Ethereum network is also experiencing a major change in its evolution. For institutions across the sector, the leading altcoin is turning up as a rising alternative for generating extra…
Bitcoin kicked off the week with a surge above $71,000 before retracing, reflecting renewed market sensitivity to geopolitical developments between the U.S. and Iran. The leading cryptocurrency had traded below $68,000 over the weekend, leaving investors on edge as markets digested conflicting reports about peace talks in the Middle East. Monday’s spike came after the U.S. President Donald Trump announced a five-day postponement of planned strikes on Iranian power plants, citing “very good and productive” conversations with Tehran on a “complete and total resolution” of hostilities. Within minutes of the announcement, Bitcoin jumped to an intraday high of $71,811, according…