Coindesk

The Cosmos ecosystem token (ATOM) demonstrated significant bullish momentum during a recent 24-hour period from 6 July 15:00 to 7 July 14:00, climbing from $4.05 to $4.10 with strong buyer support at key levels.The move comes as bitcoin ambles its way back to the $110,000 level of resistance, a point it rejected from last week causing a day of decline across the altcoin market.ATOM is now well poised to continue to the upside as trading volume tripled over the past 24 hours, indicating optimism from traders.Technical AnalysisATOM-USD climbed from $4.05 to $4.10, representing a 1.23% gain during the 24-hour period from 6 July 15:00 to 7 July 14:00.A significant breakout occurred at 21:00 on 6 July when volume surged to...

Luxury car manufacturer Automobili Lamborghini said it will debut its latest sports car in the metaverse.The Temerario and its GT3 counterpart will be available as limited edition digital collectibles in open-world metaverse Wilder World, according to an emailed announcement shared with CoinDesk on Monday.The metaverse is a virtual reality world allowing humans to interact with each other, play games and transact, often involving digital version of real-life items. There was a lot of hype around the metaverse during the digital asset bull market of 2021, with Mark Zuckerberg renaming Facebook "Meta" to reflect its focus in this area.However, much of this interest faded over the subsequent two years, as user engagement stagnated and many companies shifting their attention to artificial...

The deal values Core Scientific shares at $20.40, a 66% premium to its price late last month, with each Core Scientific share being swapped for 0.1235 CoreWeave shares.Source link

By Omkar Godbole (All times ET unless indicated otherwise)It's said that price is the best measure of appeal of any asset. To the dismay of bitcoin (BTC) bulls, the largest cryptocurrency's price hasn't gone anywhere in over 50 days, trading directionless above $100,000. That stagnation has, unusually, eroded the call bias in long-term options. Risk reversals derived from Deribit-listed options expiring in June next year are nearly zero, indicating that calls (bullish) and puts (protective) are trading at similar levels. Historically, long-term risk reversals have tended to be positive, indicating a bias for calls."This could easily go negative as BTC continues to see downside 'risk-off' volatility only," Greg Magadini, director of derivatives at Amberdata, said in an email. "Continued...

A new Ethereum proposal, co-authored by Vitalik Buterin and Toni Wahrstaetter. aims to impose a hard cap on the maximum gas a transaction can consume in a move developers say could strengthen network stability and make the chain more viable for certain applications.The proposal, EIP-7983, suggests limiting individual transactions to 16,777,216 gas (2²⁴) — a sharp change from the current design which technically allows a single transaction to consume the entire block gas limit.As of Monday, a single Ethereum transaction can consume as much gas as an entire block allows — a design choice that introduces several performance and security challenges.When a single transaction consumes nearly all the available gas, it disrupts the distribution of workloads across the network and...