Author: driver789

MYX ($2.06 · Live) Finance has posted one of the steepest weekly drawdowns in the digital asset market. The token plunged 72% over the past seven days, underperforming most comparable altcoins. The sell-off erased months of gains and pushed MYX to a three-month low. At first glance, such a collapse often signals protocol failure or declining utility. However, on-chain data and derivatives metrics tell a different story. MYX Finance Is Still Doing Well In The DeFi Space A sharp decline typically raises concerns about weakening demand or user migration. Investors often examine total value locked, or TVL, to assess platform…

Prediction markets are increasingly being framed not as gambling platforms but as vehicles for monetizing information, though founders acknowledged the line can blur depending on user intent at Consensus Hong Kong 2026.Ding X, founder of Predict.fun, argued that prediction markets more closely resemble insurance underwriting or poker than roulette. “It’s more information trading and trying to hedge risk, rather than gambling,” he said, distinguishing skill-based forecasting from games where long-term odds guarantee losses.Farokh Sarmad, co-founder of DASTAN, agreed that speculation exists but described the sector as “a multi-trillion dollar asset class in the making.” In his view, prediction markets are…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

The lack of privacy for onchain transactions is one of the biggest hurdles to the mass adoption of cryptocurrencies for payments and a medium of exchange, according to Changpeng Zhao, co-founder of the Binance cryptocurrency exchange.The executive commonly known as “CZ” said the lack of privacy prevents businesses and institutions from paying expenses in crypto. He gave this example: “Lack of Privacy may be the missing link for crypto payments adoption. Imagine a company pays employees in crypto onchain. With the current state of crypto, you can pretty much see how much everyone in the company is paid by clicking the…

The lack of privacy for onchain transactions is one of the biggest hurdles to the mass adoption of cryptocurrencies for payments and a medium of exchange, according to Changpeng Zhao, co-founder of the Binance cryptocurrency exchange.The executive commonly known as “CZ” said the lack of privacy prevents businesses and institutions from paying expenses in crypto. He gave this example: “Lack of Privacy may be the missing link for crypto payments adoption. Imagine a company pays employees in crypto onchain. With the current state of crypto, you can pretty much see how much everyone in the company is paid by clicking the…

Apollo Global Management (APO) is moving deeper into crypto, striking a deal that could make the $938 billion asset manager a major token holder in a decentralized lending platform.The firm signed a cooperation agreement with the Morpho Association, the French non-profit organization behind the Morpho protocol, that allows Apollo and its affiliates to buy up 90 million tokens MORPHO$1.3232 tokens over the next four years. The purchases may take place through open-market buys, over-the-counter transactions and other arrangements, and are subject to ownership caps and transfer restrictions. Galaxy Digital UK acted as exclusive financial adviser to Morpho, according to the…

BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…

Memecoins have taken a beating recently, and what looks like a rout may be closer to a turning point than many traders expect. Related Reading Santiment said the sector is showing a classic capitulation signal: widespread talk that meme tokens are “dead” can sometimes mark the moment when buyers quietly return. According to Santiment, this “collective acceptance of the ‘end of the meme era’ is a classic capitulation signal,” pointing out that when a sector of the market is deemed worthless, it is often the “contrarian time” to take note of. Sentiment on social channels has tilted heavily toward fear,…

Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, signaled that the company is acquiring more BTC amid the ongoing market dip, marking week 12 of a consecutive buying streak.Saylor posted the Strategy BTC accumulation chart via the X social media platform on Sunday. The chart has become synonymous with BTC purchases made by the company, which is touting its upcoming 99th BTC transaction.Strategy’s most recent BTC purchase occurred on Feb.9, when the company bought 1,142 BTC for more than $90 million, bringing its total holdings to 714,644 BTC, valued at about $49.3 billion using market prices at the…

Consensus Hong Kong wrapped up with a bang as policymakers announced new initiatives to grow the digital assets sector.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativePolicymakers at Consensus Hong Kong announced a slew of initiatives aimed at strengthening the local digital asset ecosystem.Why it mattersPhilosophically speaking, the question of why we still care about this industry remains top of mind. Consensus showed that despite the sometimes ridiculous projects and unachievable hype cycles, companies still have a genuine use for the technology.Breaking it downHong…