Venture capital firm Andreessen Horowitz (a16z) has invested an additional $70 million in EigenLayer, Ethereum’s largest restaking protocol, to support the launch of EigenCloud, a new platform offering “verifiability-as-a-service” for developers, the companies said on Tuesday. The investment follows a16z’s $100 million Series B in Eigen Labs in February 2024, and underscores its commitment to…
CoinDesk Indices and decentralized finance (DeFi) specialist Sentora are introducing a benchmark tied to overnight stablecoin lending rates, bringing on-chain markets one step closer to mainstream money markets. The CoinDesk Overnight Rates (CDOR) are designed to transform real-time borrowing activity into standardized rates, giving trading firms, exchanges, and protocol treasuries a way to hedge interest-rate…
A triangle consolidation pattern is forming, similar to its pre-rally structure in 2017. Daily active addresses hit 295,000, while whale wallets holding over 1 million XRP reached 2,700. Trading volume surged 157% to $5.26 billion, hinting at rising investor interest. XRP’s price action has captured renewed attention this week following a technical analysis comparison that…
According to Digital Ascension Group’s Managing Director Jake Claver, XRP could reach a price level that brings a dramatic shift in how value moves on its network. He argues that higher token prices make the system more efficient. Claver even lays out a bold target of $10,000 per XRP, and he says that can happen…
Ozak AI is gaining momentum in 2025, establishing itself as one of the most active AI-token projects during this market cycle. As the presale grows, with identifiably strong use cases and a decentralized infrastructure, the platform is demonstrating the potential to compete at scale. Solana continues to be one of the most popular blockchain networks….
Confidence is growing in the cryptocurrency market, and XRP could surpass $3 in 2025 as its highest price target of the year. Specifically, traders are placing an 80% probability that XRP will hit $3.50 or higher this year, a 43-point surge in sentiment, according to data retrieved by Finbold from market prediction platform Kalshi on…
SAN FRANCISCO: WhatsApp announced Monday it will introduce its boldest advertising features yet, marking a significant shift for the messaging platform that has largely remained ad-free since its launch. The move is a sensitive one for WhatsApp, whose chief firmly denied a report in 2023 that said the Meta-owned app was exploring advertisements as it…
Polyhedra, a crypto protocol whose company reached unicorn status last year, is promising a buyback plan and additional steps to rebuild trust in the crypto community, days after its token fell more than 80% within minutes. “Now we need to figure out the current situation and we need to prevent future financial attack,” founder Tiancheng…
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin cash BCH, the best performing top 100 cryptocurrency of the past 24 hours, looks set to chalk out a bull run against bitcoin BTC. That’s because the BCH/BTC trading pair listed on Bitstamp has jumped out of a triangle…
Judge Torres rejected the earlier motion in May, citing a lack of “exceptional circumstances.” The SEC filed a new status report on 16 June requesting a hold on appellate proceedings. At the time of writing, this motion is still pending, and the court has not yet issued a decision. The ongoing legal battle between Ripple…
