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…
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…
XRP XRP climbed 3.6% over the last 24 hours, peaking at $2.33 before settling near $2.25, as buyers capitalized on market volatility. The token overcame resistance at $2.21 and formed new support at $2.29, signaling renewed bullish conviction despite a brief pullback to $2.23. News Background Ongoing trade disputes between the U.S. and China continue…
Even amid market volatility, Bitcoin’s performance and resilience have buoyed sentiment across the broader crypto ecosystem. Unlike most meme tokens that rely on hype, Bitcoin Pepe is backed by a solid technical roadmap. The project has raised more than $14.6 million ahead of a planned listing announcement on June 17. Bitcoin rose modestly on Tuesday,…
SafeMoon has relaunched on Solana with a new DAO and leadership. The SafeMoon community is voting to revive reflection rewards for engagement. SFM price shows signs of recovery but faces cautious sentiment. SafeMoon (SFM), once hailed as a community-powered force in decentralised finance (DeFi), is attempting a bold comeback under new leadership. This comes after…
