Crypto News

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin and most major cryptocurrencies are weaker after Chicago Mercantile Exchange, a proxy for institutional activity, denied reports of listing futures tied to XRP and SOL. Traditional markets are also holding their breath for the expected Bank of Japan interest-rate increase on Friday.Despite BTC's continued range play above $100,000, retail demand remains robust. Glassnode's shrimp-Crab cohort, which includes addresses holding up to 10 BTC, have absorbed 1.9 times the newly mined supply last month, totaling over 25,600 BTC. Meanwhile, long-term holders have slowed their spending and profit-taking activities, indicating a cautious, but firm, commitment to their investments.Still, dropping below $100,000 might prove costly. According to Wintermute's OTC trader Jake Ostrovskis, that would...

Openai has announced the Stargate Project, a $500 billion endeavor focused on building the infrastructure to facilitate the development of the industry on U.S. soil. Openai Reveals Softbank-Led Stargate Project Openai, a pioneering company in the artificial intelligence (AI) industry, has announced the Stargate Project, an initiative that seeks to advance the industry in theSource link

Ethereum layer-2 protocols are processing transactions faster than ever, with Coinbase's BASE at the forefront of this progress.According to data from growthepie.xyz, the cumulative transaction throughput for layer 2s has skyrocketed to 29.64 million gas units per second (Mgas/s), the highest pace ever recorded. BASE leads the way, accounting for 67% of the total. Gas is the fee users pay to conduct a transaction.Layer-2 protocols are scaling solutions built on top of primary blockchains like Ethereum, and are designed to handle a higher volume of transactions at lower cost. The metric of millions of gas units per second reflects the number of transactions the network processes each second.This surge in throughput comes amid concerns that sustained demand for layer 2...

A new study commissioned by Coinbase in Argentina, Kenya, the Philippines, and Switzerland shows how crypto is considered an effective alternative to failing or stalled financial systems. The study revealed that crypto can help solve several problems in these nations, including the desire for more economic freedom and control, as well as the wishes forSource link

The TRUMP coin’s crazy journey – from $7 to $75 and then back down to $40 – shows just how volatile meme coins can be. And after billions in value disappeared following Trump’s inauguration, traders have begun to ask if there’s a smarter way. That’s where Meme Index (MEMEX) comes in. It offers a newSource link