Viewing Ethereum’s scaling networks as competition is the wrong way to think about the ecosystem, Polygon co-founder Sandeep Nailwal said. A portion of the Ethereum community is pressuring the Ethereum Foundation to make decisions that may “break the entire social fabric” of the smart contract network by restricting Ethereum’s layer-2 (L2) networks, Polygon co-founder Sandeep …
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Responsible for attempts to shutter USAID and the CFPB, the team led by the world’s richest man has reportedly been given access to one of the biggest US financial regulators. The Department of Government Efficiency, or DOGE, led by Tesla CEO Elon Musk is reportedly moving into the United States Securities and Exchange Commission (SEC). …
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On-chain data shows that Ethereum’s continued price slide has pushed hundreds of millions in leveraged DeFi positions to the edge of liquidation. According to data from the DeFi analytics platform DefiLlama, around $319.8 million in Ethereum-based loans are just 20% away from their liquidation threshold. Most of these at-risk positions are concentrated in leading DeFi …
Coinbase users are again in the spotlight after losing more than $46 million to social engineering scams this month alone, according to blockchain sleuth ZachXBT. On March 28, the on-chain investigator reported on his Telegram channel that an unnamed Coinbase user lost approximately 400 BTC—worth around $34.9 million—after being the victim of an elaborate theft. …
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The Central Bank of the United Arab Emirates (CBUAE) said its Digital Dirham would launch for retail use in the final quarter of 2025. According to a March 27 statement, the currency would be available through regulated banks, fintech companies, exchange houses, and licensed financial firms. Once live, the Digital Dirham will support smart contracts …
Grayscale Investments is moving forward with its efforts to introduce a spot Avalanche exchange-traded fund (ETF) product to the market. On March 27, Nasdaq applied to list and trade the Grayscale Avalanche Trust shares as an exchange-traded fund with the US Securities and Exchange Commission (SEC). Despite the ETF filing, AVAX’s price is down more …
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What is CryptoSlate Alpha? CryptoSlate Alpha requires a one-time purchase of our membership NFT using SOL, the native token of Solana. Connecting your Solana wallet is required to complete the purchase. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Disclaimer: …
Continue reading “Bitcoin hashprice stabilizes after hitting quarterly low, but miner risk remains”
South Carolina has taken a significant step toward integrating digital assets into state-level financial strategy. On March 27, the state lawmakers introduced a new bill to create a Bitcoin reserve to safeguard public funds from inflation. At the same time, the state dropped its lawsuit against Coinbase over alleged securities violations tied to its staking …
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The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan crude is starving the country of foreign currency to inject into the national market, driving these imbalances. Secondary Tariff Announcement Prompts Steep Venezuelan Bolivar Drop …
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The “core” personal consumption expenditures (PCE) price index makes it easier to capture underlying inflation trends by excluding food and energy, which tend to experience higher price volatility than other consumption categories. PCE Shock: Bitcoin Falls Under $85K as Inflation Worries Return Both traditional and crypto markets took a dive this morning as the U.S. …
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The U.S. Federal Reserve’s preferred inflation measure elevated sharply in February, with the core personal consumption expenditures price index climbing 0.4%—the largest monthly spike since January 2024—while consumer spending growth fell short of expectations, the Commerce Department reported Friday. Fed’s Inflation Fight Faces Setback With Surging PCE Data The core PCE price index, which excludes …
On Friday, Bitcoin’s computing strength rocketed to an all-time peak of 862 exahash per second (EH/s), shattering the prior benchmark of 852 EH/s set when February kicked off. Bitcoin’s Network Muscle Flexes On March 28, the network’s aggregate processing velocity had climbed to 862 EH/s, edging past the earlier milestone by a decisive 10 EH/s. …
The global electronic stock exchange and marketplace Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to list Grayscale Avalanche Trust (AVAX), a spot ETF tracking the Avalanche blockchain’s native token, marking a pivotal step toward expanding crypto-based exchange-traded products (ETPs). New Grayscale ETF Filing Aims to Bring Avalanche’s AVAX to …
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Bitcoin’s price is currently at $85,288, with a market cap of $1.69 trillion and a 24-hour global trade volume of $30.19 billion. Throughout the past day, bitcoin has traded within a range of $84,784 to $87,723, reflecting a volatile market. Technical indicators across multiple timeframes suggest a prevailing bearish sentiment, with key oscillators and moving …
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