An intriguing twist in the trial of Tornado Cash co-founder Roman Storm emerged after one juror reportedly requested time off to attend her mother’s birthday celebration. On Aug. 4, Inner City Press shared updates from the courtroom, revealing that the juror, identified as “Ms. Nelson,” had asked for a break from deliberations on Aug. 5. […]
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Liquid staking activities do not involve securities, the SEC aid in its latest guidance as it delves into its crypto-friendly era.
The trading platform combines spot, perpetuals and yield strategies into a single interface, aiming to offer CEX-like speed with DeFi transparency.
Solana Mobile has begun shipping its Seeker crypto smartphone, broadening the Solana ecosystem’s mobile strategy with built-in wallets and token rewards.
This feature is expected to solve the issue of fragmented incentives in the current DeFi model, Linea said.
Chainlink has introduced a new product called Data Streams, which delivers live pricing data for major US equities and exchange-traded funds (ETFs) directly onto blockchain networks. According to an Aug. 4 statement, Data Streams is designed to offer live, low-latency data on major US stocks and ETFs, including popular assets like SPY, QQQ, NVDA, AAPL, […]
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Coinbase has urged US lawmakers to modernize the Bank Secrecy Act (BSA) by incorporating Zero-Knowledge Proofs (ZKPs) into the country’s financial compliance framework. In an Aug. 4 statement, Coinbase’s Chief Legal Officer Paul Grewal argued that ZKPs could enhance financial transparency while simultaneously protecting consumer privacy. Why Zero-Knowledge Proofs? According to him, the existing Know-Your-Customer […]
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Hyperliquid also maintained its commandingly consistent market share of over 75% in the perps DEX space throughout July.
A blockchain security firm said that the attacker gained special privileges to the DeFi protocol six days ago.
Aave DAO has repurchased 70,000 AAVE tokens, or 0.5% of its total supply, in less than six months of its token buyback initiative. In an Aug. 4 post on X, DeFi analysis platform Token Logic stated that the platform acquired these tokens for $15.7 million at an average purchase price of $223.33 per token. The […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ondo Finance’s July moves may fuel an ONDO rally this month, says a popular crypto analyst citing acquisitions, partnerships, and regulatory momentum.
CertiK said all the stolen funds were bridged to Ethereum from Sonic.
Decentralized lender Credix lost about $4.5 million after an attacker took control of an admin wallet and exploited bridge privileges.
"From buttonwood to blockchain," the SEC's Project Crypto will bring innovation back to the U.S., analysts at Bernstein said.
Ethena’s USDe market cap soared 75% to $9.3 billion, becoming crypto’s third-largest stablecoin, as regulatory clarity and new custody rails lure fresh capital.
Ethereum staking protocol Lido announced layoffs to reduce contributor teams by 15% across Lido Labs, Lido Ecosystem and Lido Alliance.
Ethena (ENA) prices are presently in the red zone during a broader crypto market correction. According to data from CoinMarketCap, the DeFi token recorded a significant 2.00% loss in the past day, with prices presently set hovering around $0.55. Amidst this price decline, top market analyst Ali Martinez has identified the major support regions that investors should monitor in the event of any further price retracement. Related Reading: Ethereum Drops 6% After Hitting $3,800, But Analysts See New ATH Ahead Ethena CBD Shows Key Price Floors At $0.47, $0.44, And $0.35 According to Martinez, the cost basis distribution (CBD) model has revealed the three short-term relevant support zones in the ENA market. For context, the CBD model is an on-chain framework that visualizes the amount of tokens accumulated at various price levels. It is used to identify important price zones, i.e., potential support or resistance levels, based on their registered volumes of accumulation. In the chart above, it is observed that the more intense (warmer) the color, the higher the greater supply concentration of ENA at that level. Based on this system, it can be inferred that the immediate support levels for ENA currently lie around $0.44 and $0.47, where significant price clusters have been formed in the last month. However, if a compelling selling pressure forces the ENA price below this support zone, investors should anticipate the next price halt around $0.35. This price region is presently the strongest support in the Ethena market, as shown by the deepest red horizontal bar on the CBD model, which represents an estimated $1 billion ENA supply cluster. Notably, a price crash to the $0.35 support zone indicates a potential estimated 37.5% loss from current prices. Meanwhile, the CBD model also reveals that ENA’s next price resistance sits around the $0.60, at which lies the next immediate cluster above the spot price. Related Reading: Avalanche (AVAX) DeFi TVL Rises Nearly 40% Following Octane Upgrade Ethena Price Outlook At the time of writing, ENA trades at $0.57, reflecting a 2.08% decline in the last 24 hours as earlier stated. Meanwhile, the token’s daily trading volume is up by 2.05% indicating a slight rise in market engagement and transaction volume. According to CoinCodex, investor sentiment remains strongly bullish, with 67% of the past month’s trading days closing in the green. Additionally, the Fear & Greed Index sits at 65, reflecting a relatively strong appetite for risk among investors. However, Coincodex analysts hold a cautious market view with predictions of $0.46 and $0.45 in the next five and 30 days, respectively. Meanwhile, their long-term forecast project ENA to also trade around $0.46 in the next three months. Featured image from Ethena, chart from Tradingview
Decentralized exchanges (DEX) reached $1 trillion in monthly trading volume for the first time in July. According to DefiLlama data, spot trading volume grew 29.4% and reached nearly $514 billion last month, bested only by January’s all-time high of $568 billion. At the same time, perpetual futures’ monthly volume increased 33.6% to register a new […]
The post DEX trading volume tops $1T for the first time in July, Hyperliquid leads record perp surge appeared first on CryptoSlate.
CurveDAO member phil_00Llama proposed preventing further extensions of the decentralized exchange to additional Ethereum scaling layers.
PancakeSwap processed $188 billion in spot trading volume, maintaining its position as the largest decentralized exchange by spot volume.
PeckShield estimates that losses from crypto hacks reached $142 million in July, marking a 27.2% increase from the previous month.
Ethereum researcher Justin Drake unveiled the “Lean Ethereum” proposal on July 31 that reframes the base layer around the imperatives of survivability against nation-state and quantum threats and orders-of-magnitude performance gains without sacrificing decentralization. The new guidelines were dubbed “fort mode” and “beast mode,” respectively. Published on the Ethereum Foundation blog, the vision argued that […]
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Blockstream launched Simplicity on the Liquid Network, enabling smart contract programability on Bitcoin’s infrastructure. According to a July 31 announcement, the idea was first proposed in 2017 by researcher Russell O’Connor. Simplicity was designed as a clean-slate smart contract language that is more expressive than Bitcoin Script yet tighter and safer than general-purpose platforms. With […]
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Tether's robust profits and strategic investments highlight its growing influence in global finance, potentially reshaping market dynamics.
The post Tether posts $4.9B in net profit in Q2 as Bitcoin and gold fuel gains appeared first on Crypto Briefing.
The integration enhances liquidity, cross-chain efficiency, and utility, potentially boosting decentralized finance adoption and innovation.
The post Circle to bring USDC and CCTP v2 to Hyperliquid appeared first on Crypto Briefing.
Hamilton Lane's tokenized HLSCOPE fund is backed by investments in senior secured private credit and senior secured loans.
Circle will bring native USDC and CCTP v2 to Hyperliquid, shifting the DEX from bridged dollars to directly issued USDC with 1:1 cross-chain transfers.
Solana’s DEX ecosystem has had a very active month, fueled by a spike in new token listings, surging volume, and PumpSwap’s growing grip over trading flows. While SOL retreated to just below $180 after peaking above $205, the spike in activity across DEXs suggests that the retail-driven memecoin wave primarily powered the turnover. However, the […]
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Dragonfly managing partner Haseeb Qureshi revealed that the U.S. Department of Justice (DOJ) will not bring criminal charges against the crypto venture firm, as Tornado Cash co‑founder Roman Storm’s federal trial in Manhattan neared its conclusion. Qureshi, whose investment firm backed several blockchain startups, wrote on social media that federal prosecutor Nathan Rehn told the […]
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