The Worldcoin Foundation announced a $70,000 grant to Wormhole to support WorldID verification on the Solana blockchain. In a June 27 statement, Worldcoin said the ID integration effort will “equip the Solana ecosystem with a much-needed tool” for proving humanness. The grant awards 25,000 WLD to Wormhole. Wormhole described the grant in greater detail, stating …
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Onchain Highlights DEFINITION: The Estimated Leverage Ratio is the ratio of the open interest in futures contracts to the balance of the corresponding exchange. Bitcoin’s futures estimated leverage ratio indicates shifts in market sentiment. Since January 2024, the ratio exhibited volatility, initially fluctuating around 0.17 before rising to 0.216 in early June. This increase coincided …
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher expenses. The aggregate common equity tier 1 (CET1) capital ratio …
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Bitwise CIO Matt Hougan has predicted that spot ether-based exchange-traded products (ETPs) will have a favorable performance in financial markets when finally trading. Hougan estimates that these products will have net flows of $15 billion during their first 18 months of trading, taking into account the size of the ether ETP market in other regions …
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Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broader plan to expand into other commodities, the Solana-based project aims to introduce efficiency and transparency to the investment process in this …
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Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain In communications shared with Bitcoin.com News by the three teams, the announcement notes that Chainlink …
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In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s fourth halving event which has increased the pressure on mining profitability. Cleanspark Acquires Griid in …
State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more accessible to the broader investment community through the creation of new ETFs offering exposure …
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Marathon Digital Holdings Inc. has diversified its mining activities by adding kaspa (KAS), a proof-of-work digital asset, to its portfolio. The initiative has already yielded significant results, with the company mining 93 million KAS, valued at approximately $15 million as of June 25, 2024. Marathon Digital Diversifies With Kaspa Mining, Adds $15 Million in Assets …
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The partnership will bring USDC support to Stripe on Coinbase’s layer-2 network, Base, and several other integrations.
The rating agency will provide its perspective on risk mitigation in tokenized fixed income transactions.
Popular on-chain analyst Willy Woo thinks there’s a “good chance” Bitcoin (BTC) has already cleared its lows. Woo tells his 1.1 million followers on the social media platform X that short-term technical indicators point to a BTC price reversal. “2 hours away from a TD9 reversal on daily candles. If this plays out, then we …
A closely followed crypto trader says that one memecoin that has seen massive gains during the last five months looks ready to surge even higher. In a new strategy session, crypto analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that meme assets are recovering nicely from the latest market crash. …
Two executives of financial technology company Hydrogen Technology received a prison term for their role in inflating the firm’s cryptocurrency, HYDRO. In a statement, the U.S. Department of Justice (DOJ) says that Hydrogen Technology co-founder and CEO Michael Kane of Miami Beach, Florida and Head of Financial Engineering Shane Hampton of Philadelphia, Pennsylvania were sentenced …
