Author: driver789

Bloomberg is collaborating with Kaiko, a Paris-based digital asset market data provider, to make Bloomberg’s licensed financial data accessible directly within blockchain environments rather than through traditional offchain databases.The companies said Thursday that the initiative is designed to address the challenge of inconsistent data across tokenized markets. In many tokenized asset ecosystems, companies may rely on different versions of pricing data, security identifiers or reference information, increasing the risk of discrepancies and operational inefficiencies.By enabling a common, licensed data source to be embedded onchain, the collaboration aims to ensure that market participants reference the same dataset, potentially reducing reconciliation disputes and…

Ethereum price is trying to steady itself after a rough February, but the bigger question is whether this bounce has enough strength to push through the $2,500 ceiling. Summary Ethereum has bounced above $2,000 after a sharp February drop but remains in a broader downtrend and well below the key $2,500 resistance. Funding rates on Binance have turned positive, easing short-term downside pressure, though high volatility suggests a bigger move is coming. To reclaim $2,500, ETH must hold $2,000 support and break above $2,200 with strong momentum  At press time, ETH was trading near $2,050, up about 3% over the past 24 hours.…

Blockchains and artificial intelligence are complementary technologies, according to crypto asset manager Grayscale, even as markets have recently treated them as part of the same trade.Zach Pandl, Grayscale’s head of research, said that while disruptive technologies tend to produce clear winners and losers, the relationship between AI and blockchain is more symbiotic than competitive. Rapid AI adoption is expected to reward some industries, such as chipmakers, while pressuring others, including segments of professional services.”Although crypto valuations have been tightly correlated with the drawdown in software stocks, we think blockchains and AI are complementary from a fundamental standpoint,” he said in…

Cardano (ADA) jumped over 12% in a single day, breaking above short-term resistance and drawing renewed attention from both whales and institutional funds. The surge coincides with steady accumulation by whales and mechanical buying from index-tracking products, signaling a potential shift after months of consolidation. Related Reading The combination of rising trading activity, renewed interest in derivatives, and steady accumulation by major holders has brought Cardano back onto traders’ radars. While questions remain about long-term network activity, recent price behavior suggests that market participants are ready for significant long-term moves. ADA’s price trends to the downside on the daily chart.…

Telegram’s built-in crypto wallet has introduced a feature that allows users to earn returns on major cryptocurrencies inside the messaging app.The update introduces vaults in TON Wallet, a self-custodial wallet integrated within Wallet in Telegram, enabling users to hold, send and earn on Bitcoin (BTC), Ether (ETH) and Tether’s USDt (USDT) without leaving the chat interface, according to a Thursday announcement shared with Cointelegraph. “At Wallet in Telegram, our mission is to transform digital assets from complex concepts into practical tools for everyday life,” said Andrew Rogozov, CEO of The Open Platform and Wallet in Telegram. The system runs on…

U.S. spot bitcoin exchange-traded funds recorded $506.5 million in net inflows on Feb. 25, the largest single-day total in three weeks, reversing a stretch of heavy redemptions that had fueled doubts about institutional demand. The surge followed $257.7 million in inflows on Feb. 24, bringing the two-day total to more than $750 million. The rebound came after five consecutive weeks of outflows totaling about $3.8 billion. Year to date, net flows are now just under $2 billion in outflows. BlackRock’s iShares Bitcoin Trust (IBIT) led Tuesday’s gains with $297.4 million in inflows, accounting for nearly 60% of the daily total.…

Cryptocurrency investors accused quantitative trading company Jane Street of pressuring Bitcoin’s price with a daily, programmatic sell-off at the US market open, but market analysts and data suggest the pattern is not consistent, and no single company can force Bitcoin into a prolonged bear market.The claims surged online a day after Terraform Labs’ court-appointed administrator sued Jane Street, alleging insider trading tied to transactions that worsened the collapse of Terra’s algorithmic stablecoin ecosystem in May 2022.Several market watchers, including crypto influencer Justin Bechler, have argued that Jane Street’s holding of BlackRock’s iShares Bitcoin Trust exchange-traded fund (ETF), known as IBIT,…

Decibel, a fully onchain perpetuals exchange incubated by Aptos Labs, is now live on the Aptos mainnet, the Decibel Foundation said Wednesday.The debut follows a public testnet that drew more than 700,000 unique accounts and 132,000 daily active users, according to the foundation. Users executed over 1 million trades per day during testing, and more than $58 million was committed through a pre-deposit campaign ahead of mainnet activation.Decibel’s debut comes during an intensifying race among onchain perpetuals exchanges. The past year has seen a surge of competition, led by Hyperliquid, which remains the category’s dominant venue by volume. Other contenders,…

Decentralized finance protocol Aave has surpassed $1 trillion in cumulative lending volume, marking a historic first in the DeFi industry.“A decade ago, DeFi and Aave didn’t exist. They were just ideas. Today, Aave stands as the backbone of onchain lending, powering a new financial system that is open, global, and unstoppable,” Aave Labs CEO Stani Kulechov said in an X post on Wednesday.The feat marked another step toward Aave’s goal of becoming the “largest, most efficient liquidity network in the world,” Kulechov added. “One that builders, banks, and fintechs plug into by default, fundamentally improving liquidity and cost structures across…

The Bitcoin price action over the last few months has been unpredictable. But one thing has been clear, and that is the fact that bears have remained firmly in control of the price action. From here, there are a number of ways that the Bitcoin price could play out, with most speculations pointing toward a possible recovery. However, there are levels that the Bitcoin price must maintain in order to actualize this recovery or risk losing ground to bears. Bitcoin Price Needs To Hold Above $60,000 Crypto Analyst Swallow Academy, in a recent analysis, showed that the $60,000 level has become one…