The landmark acquisition of a working oil and gas facility in Latin America worth $75 million was completed using stablecoins and tokenized debt and equity through real-world asset specialist Global Settlement’s platform, the firm told CoinDesk. The purchase β orchestrated for Feniix Energy, a company that focuses on buying and operating energy assets in the…
Ethereum is poised above $2,500 amid massive whale accumulation Also signaling bullish sentiment is the surge to 35 million staked ETH for Ethereum staking. The Ethereum price could rally amid multiple catalysts. Ethereum (ETH) is witnessing a significant surge in staking activity, underpinned by aggressive accumulation from large holders. As whales up their buying pressure,…
Bitcoinβs recent price activity has been characterized by sharp swings as global uncertainties persist, particularly following the escalation of tensions between Israel and Iran. After plunging by nearly 5% amid the rising geopolitical strain, Bitcoin managed to recover, bouncing back above $105,000 and currently trading around $106,800. The past 24 hours have been highlighted by…
Hereβs a list of the people who think a Solana ETF is incoming: everyone. And hereβs a list of the people who think a $SOL ETF could send Solana β and Solaxy, a much-needed Solana Layer 2 β sky-high: also everyone. Thatβs right, Solana is gaining serious momentum. Cantor Fitzgeraldβs analysts report that Solana-focused firms…
Venture capital firm Andreessen Horowitz (a16z) has invested an additional $70 million in EigenLayer, Ethereumβs largest restaking protocol, to support the launch of EigenCloud, a new platform offering βverifiability-as-a-serviceβ for developers, the companies said on Tuesday. The investment follows a16zβs $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. XRPβs price action has captured renewed attention this week following a technical analysis comparison that…
According to Digital Ascension Groupβs 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…
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. βNow we need to figure out the current situation and we need to prevent future financial attack,β 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…
