Coindesk

Symbiotic, a universal staking protocol and EigenLayer rival, has launched Relay, a software development kit (SDK) that allows protocols to stake assets on Ethereum and verify that stake across any blockchain.Staking is a system for securing blockchains in exchange for rewards. In staking systems, so-called validators commit callateral — called "stake" — for a role in processing transactions. "Restaking" protocols like Symbiotic let users reuse stake across multiple blockchains at once, offering investors the opportunity to earn extra yield.Relay is, in essence, a generalized version of Symbiotic's restaking tech — a toolkit that can bring Symbiotic-style restaking to virtually any crypto ecosystem. According to the Symbiotic team, the tech lets developers build verifiable, secure coordination layers for decentralized applications (dApps)...

Global cryptocurrency exchange Kraken has unveiled a prime brokerage service for institutional crypto traders, offering best execution, deep liquidity, financing and 24/7 white-glove support, the company said on Tuesday.Kraken Prime offers access to liquidity representing over 90% of the digital asset market across more than 20 global venues, with round-the-clock support from an experienced account management team, according to a press release.Trades can be executed directly from qualified custody managed by Kraken Financial, a U.S. state-charted bank, Kraken said. The platform also supports asset-backed lending, T+1 credit facilities and a seamless integration with both on and off-platform liquidity through an in-house smart order routing system, the firm said.Crypto prime brokerage, approximate to what traditional prime brokers offer in equities, is...

Robinhood (HOOD) has completed the acquisition of European crypto exhange Bitstamp for $200 million. The logos on Bitstamp's website and app have been updated to read "Bitstamp by Robinhood."The deal, which was first announced in June of last year, gives Robinhood an entry into the global crypto trading market, both retail and institutional.Founded in 2011, Bitstamp is the world's longes active crypto exchange and now holds over 50 licenses and registrations around the world. Robinhood shares traded around 1.4% higher at just under $69 in pre-market trading Tuesday.Source link

Ether extended its rally Monday as institutional demand surged and exchange supply dropped to a multi-year low. The asset climbed as high as $2,650.18 before easing to around $2,617, where it currently trades, according to CoinDesk Research's technical analysis data model.Despite the minor retracement, ETH remains one of the best-performing major tokens this week, supported by $321 million in fresh inflows into ether-linked investment products. That’s the strongest weekly inflow figure since December, reflecting mounting investor confidence in ether's long-term value. Analysts also highlight a drop in ETH held on centralized exchanges, which suggests a shift toward self-custody and accumulation.Technical Analysis HighlightsETH logged a 24-hour range of $172.87 (6.97%), peaking at $2,650.18.Key resistance at $2,550 was breached with 288K ETH...

Uniswap's native token UNI extended its recent recovery rally, brushing off macroeconomic pressure as investors looked past heightened global trade tensions. The token climbed steadily from $6.09 to $6.40, establishing key support above the $6.30 level. Market volatility remains elevated, fueled by geopolitical risk and speculation surrounding rate cuts in Europe and the U.S. Still, UNI appears to be benefiting from risk rotation as traders seek upside in altcoins, with price holding firm despite choppy conditions.A sharp spike in volume during the early hours of the session, particularly at $6.5557, marked a potential short-term top. However, subsequent pullbacks were met with aggressive buying, reinforcing a bullish bias and keeping UNI on track for further gains — provided it can sustain...