Crypto News

Decentralized finance (DeFi) protocol Maple Finance (SYRUP) has swept away any bearish crypto sentiment, rising by 23% in the past 24 hours after it was listed on Upbit, South Korea's largest exchange.Daily volume increased from $230 million to $862 million after the listing as traders poured in to buy SYRUP despite a wider crypto market pullback.BTC retreated back to $116,000 on Monday as assets like SOL also failed to impress, sliding another 2% to $180 to erode the previous four days of gains.SYRUP is also well poised for continuation to the upside in light of governance proposal MIP-018, which suggests increasing token buybacks using protocol revenue. Voting began on July 25.From a technical perspective, SYRUP is in clear breakout territory...

Matt Hougan, CIO of Bitwise, believes that the trend of Ethereum Treasury Companies will accelerate, prompting new investors to enter the space and purchase ether even at premium prices. He estimates that demand for ether will outpace production at a ratio of 7:1 over the next year. Bitwise: Ethereum Treasury Trend to Last, Demand ShockSource link

Wall Street bank Citi (C) refined its crypto valuation models to reflect the evolving dynamics of the digital asset market, producing a new year-end forecast that puts bitcoin (BTC) at $135,000 in its base case.In the bank's most optimistic scenario, the largest cryptocurrency could climb to $199,000 by the end of the year, while a more bearish outlook, shaped largely by weak equities, pulls the forecast down to $64,000.The updated outlook incorporates a trio of key drivers: user adoption, macroeconomic conditions and demand from spot exchange-traded funds (ETFs), the bank said in a report Thursday.The core of Citi’s approach begins with an adoption model based on user activity. The bank's analysts projected a 20% increase in user growth, along with...

Hong Kong-based cryptocurrency exchange OSL Group has raised $300 million in an equity sale.OSL, which was the first exchange to win a license from the Hong Kong Monetary Authority (HKMA), said it will use the new capital to develop new business initiatives, such as building payment and stablecoin services.Hong Kong will start allowing stablecoin issuance under a new regulatory regime taking effect at the start of August. It is in the process of unveiling a range of policies for the regulation of digital assets, establishing a framework to oversee exchanges and custodians for the purposes of risk management and investor protection.It also plans to allow professional investors to trade derivatives. OSL also plans to use the capital to support acquisition...

Bitmain, the world’s largest Bitcoin mining rig manufacturer, is stepping up its U.S.-bound shipments of electronic parts as it adapts to shifting trade dynamics and weaker post‑halving demand. This article first appeared in Miner Weekly, Blocksbridge Consulting’s weekly newsletter curating the latest news in bitcoin mining and data analysis from Theminermag. According to TheMinerMag’s monthlySource link