Ethereum’s push toward layer-2 (L2) blockchain scalability may be a double-edged sword for Ether, potentially weakening the value accrual of the world’s second-largest cryptocurrency, according to a new report from Binance Research.The report suggests that Ethereum’s L2 blockchain networks — built to improve mainnet scalability and lower transaction costs — may be cannibalistic of the Ethereum base layer, negatively impacting the price of Ether (ETH).Ethereum’s dominance in terms of decentralized exchange (DEX) volume and fees generated is “under threat” by Solana and BNB Smart Chain, Binance Research wrote.Ethereum, Solana, BNB, DEX volume. Source: Binance ResearchThe main factors include slow and expensive transactions, fragmented “developer mindshare and liquidity, and reduced value accrual to the L1 due to the rise of L2s,” the report said. Ethereum’s roadmap already includes future upgrades aimed at creating cheaper transactions, additional security, and more future-proof incentives for the mainnet.Still, Ether’s value accrual may continue to suffer in the near term since the next two major upgrades don’t immediately address these issues, but are aimed at creating more scalability around data availability and incorporating more L2 networks. Related: Google to enforce MiCA rules for crypto ads in Europe starting April 23Concerns have been reignited around the Ethereum mainnet’s economic incentives since Ether’s price fell to $1,410 on April 7, marking its lowest level since March 2023.ETH/USD, 1-year chart. Source: CointelegraphEther’s price fell over 61% during a four-month downtrend, which started on Dec. 16, 2024, when ETH briefly peaked above $4,100, Cointelegraph Markets Pro data shows.Ethereum’s Pectra, Fusaka upgrade won’t address Ether’s value accrualAfter initial delays, Ethereum’s highly anticipated Pectra upgrade is set to go live on the mainnet on May 7.The Pectra upgrade aims to improve Ether staking and L2 network scalability, increase blob capacity to enable more data handling on the mainnet and improve overall network capacity.The Fusaka upgrade, expected in late 2025, will focus on scaling the Ethereum mainnet as a data availability layer by introducing EIP-7594. Fusaka may also bring an update to the Ethereum Virtual Machine (EVM), resulting in a “more structured approach” to smart-contract creation, reducing runtime overhead and improving developer experience.Ethereum data capacity upgrades. Source: Binance ResearchEthereum’s commitment to L2 scaling may be a “double-edged sword” due to concerns around the mainnet’s “competitiveness as a data availability layer” and “the sustainability of value accrual to Ethereum the asset,” the report said.Related: Ethereum shorter gains $1.1M on 50X leverage in 2 days“One promising path for stronger ETH value accrual is the development of based rollups,” which “contribute significantly more in fees” to Ethereum compared with L2s like Base, Arbitrum and Optimism, according to a Binance Research spokesperson.L2s, rollups by costs paid to Ethereum mainnet. Source: Binance Research“Another avenue is Ethereum’s evolving role as a data availability layer,” the spokesperson told Cointelegraph, adding:“Value accrual through this model depends on external factors: L2s must continue to choose Ethereum for data availability, and blockspace demand must grow in a competitive landscape where alternatives like Solana and BNB Smart Chain are gaining traction.”“Aligning incentive structures between Ethereum and L2s, whether through fee sharing, MEV capture, or protocol-level integrations, will be essential to ensure sustainable value flow back to ETH as an asset should Ethereum continue to commit to scaling with L2s,” he added.Magazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame
Phishing scams targeting crypto users have become more advanced, with attackers abusing Google’s infrastructure to conduct highly convincing attacks. On April 16, Nick Johnson, the founder and lead developer of Ethereum Name Service (ENS), raised concerns over a fresh method cybercriminals use to compromise Gmail accounts and potentially target associated crypto wallets. How phishing attackers […]
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Stablecoins are "perfect rails for yield distribution," the protocol's CEO and founder Ivan Kozlov said in an interview.
DWF Labs opened a New York office and invested in World Liberty Financial, backing its stablecoin USD1 and decentralized finance growth
After a minor upswing, the markets have scrambled back under bearish influence as Bitcoin slides close to $83,000. Despite this, the Ethereum price stands strong above $1500 and defends the support, suggesting greener days could be fast approaching. Meanwhile, in the short term, the ETH price is experiencing a notable downturn as it has declined …
A Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC. In a Bitcoin Magazine podcast, Zach Shapiro, the head of policy for the Bitcoin-focused BPI think tank, said that a 1 million Bitcoin (BTC) purchase by the US would have a massive impact on the price of the asset. “If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock. [...] I think first, Bitcoin price goes through the roof,” Shapiro said. “I think we’d probably go very quickly to something like a million dollars per Bitcoin.” The discussion followed US President Donald Trump’s March 7 executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile.A “Bitcoin superpower” should hold more Bitcoin BPI executive director Matthew Pines said that other nations are watching how the US positions itself with Bitcoin before formulating their own strategies.The executive added that holding more Bitcoin aligns with Trump’s promise to make the US a Bitcoin superpower. “If Donald Trump wants to make good on his promise to be a Bitcoin superpower, that ultimately comes down to how much Bitcoin you have. This is a measure of how much the United States is making good on that rhetorical objective,” Pines said. Trump’s executive order also directs the Treasury and Commerce secretaries to develop “budget-neutral” strategies for acquiring more Bitcoin to expand the reserve without additional taxpayer burden.On March 12, Senator Cynthia Lummis reintroduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act to push US holdings above 1 million BTC. Related: Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock saleTariff earnings a “budget-neutral” strategy for buying BitcoinPines also suggested ways to acquire Bitcoin in a budget-neutral fashion. He floated the idea of using tariff revenues to buy Bitcoin and other potential ways for the US government to purchase more BTC. “Revenues that the government can use to acquire more Bitcoin would be things like tariff revenue or other fees that the government collects that are not tax-based fees,” Pines said. This could include royalties from oil and gas leases, sales of federal land, physical gold and other digital assets.On April 2, Trump imposed a 10% baseline tariff on all imports from all countries through an executive order. The president’s order also included reciprocal tariffs for countries that charge tariffs on US imports. However, the administration’s evolving tariff policy has created ongoing market uncertainty.Magazine: Riskiest, most ‘addictive’ crypto game of 2025, PIXEL goes multi-game: Web3 Game
Key intraday averages look to cross bearish as bulls struggle to engineer a breakout above $86K.
John Patrick Mullin, co-founder and CEO of Mantra, claims he’ll burn his OM after the token’s Sunday crash.
Solana's top DEX Raydium has reponsed to Pump.fun's AMM launch by fielding a token creation terminal dubbed "LaunchLab."
A monthly market review by publicly traded US-based crypto exchange Coinbase shows that while the crypto market has contracted, it appears to be gearing up for a better quarter.According to Coinbase’s April 15 monthly outlook for institutional investors, the altcoin market cap shrank by 41% from its December 2024 highs of $1.6 trillion to $950 billion by mid-April. BTC Tools data shows that this metric touched a low of $906.9 billion on April 9 and stood at $976.9 billion at the time of writing. Venture capital funding to crypto projects has reportedly decreased by 50%–60% from 2021–22. In the report, Coinbase’s global head of research, David Duong, highlighted that a new crypto winter may be upon us.“Several converging signals may be pointing to the start of a new ‘crypto winter’ as some extreme negative sentiment has set in due to the onset of global tariffs and the potential for further escalations,” he said.Related: How trade wars impact stocks and cryptoMacroeconomic woes cause crypto turmoilThe report notes that lower venture capitalist interest “significantly limits the onboarding of new capital into the ecosystem,” which is felt primarily in the altcoin sector. The cause of that, according to Duong, is the current macroeconomic environment:“All of these structural pressures stem from the uncertainty of the broader macro environment, where traditional risk assets have faced sustained headwinds from fiscal tightening and tariff policies, contributing to the paralysis in investment decision making.“According to Coinbase researchers, those facts have resulted in “a difficult cyclical outlook for the digital asset space,” and warrant continued caution in the next four to six weeks. Still, the report’s author said that the market is likely to change directions explosively:“When the sentiment finally resets, it’s likely to happen rather quickly and we remain constructive for the second half of 2025.“Duong cited some metrics to indicate when the crypto market is moving between bull and bear market phases, including risk-adjusted performance and the 200-day moving average.Another metric was the Bitcoin (BTC) Z-score, which compares market value and realized value to identify overbought and oversold conditions. A Z-score shows how unusual current price performance is when compared to historic data.Bitcoin’s risk-adjusted performance. Source: CoinbaseThis metric “naturally accounts for crypto’s larger volatility,” but it is also slow to react. This metric tends to generate few signals in stable markets. Coinbase’s model, based on it, determined that the bull market ended in late February but has since deemed the market neutral.Coinbase’s Z-score Bitcoin model. Source: CoinbaseInstead, Coinbase’s analyst suggested that the 200-day moving average is a better indicator for determining market trends. It smooths out short-term noise while being relevant by considering the last 200 days’ worth of market data.Coinbase’s 200-day moving average Bitcoin model. Source: CoinbaseThe report also said that gauging the broader crypto market’s trend by the direction in which Bitcoin is moving is increasingly less reliable. This is because crypto expands into new sectors with decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), artificial intelligence agents, and more, all with particular market forces independent of Bitcoin.Related: Bitcoin’s wide price range to continue, no longer a ’long only’ bet — AnalystAre we in a bear market?Duong points out that the 200-day moving average suggests that Bitcoin’s recent decline moved it into bear market territory in late March. Still, applying the same model to the Coin50 Coinbase index based on the top 50 crypto assets shows a bear market since the end of February.Coinbase’s 200-day moving average model applied to the Coin50 index. Source: CoinbaseRecent reports indicated that Bitcoin is showing growing resilience to macroeconomic headwinds compared with traditional financial markets. “Bitcoin’s decline was comparatively modest, revisiting price levels from around the US election period, “according to Wintermute.Duong sees Bitcoin becoming less of a generalized crypto indicator as a consequence of this trend. He wrote:“As Bitcoin’s role as a ‘store of value’ continues to grow, we think a holistic evaluation of crypto’s aggregate market activity will be needed to better define bull and bear markets for the asset class.“Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest, April 6 – 12
The Bitcoin open interest has remained on the high side despite the price declines, suggesting that interest in the leading cryptocurrency by market cap remains abundant. This interest is no doubt a good thing for the crypto market, especially in the long-term. But looking back at previous trends involving the Bitcoin open interest, it is concerning that the value is still so high and this could hinder a recovery for the Bitcoin price from here. Bitcoin Open Interest Still Above $56 Billion Data from the Coinglass website shows that the Bitcoin open interest is still quite high and not far off from its November 2024 highs after the BTC price hit a new peak above $109,000. This consistently high open interest signifies traders still taking considerable positions in the digital asset despite its price falling over 20% since then, something that could be a hindrance to recovery. Related Reading: Analyst Who Called Dogecoin Price Rally In 2024 Predicts 300% Rally In April The total Bitcoin open interest is currently sitting at $56.17 billion, falling approximately 22% from its all-time high of $71.85 billion. This shows a close correlation between how much the price has fallen compared to the open interest. However, the open interest remaining this high could have some negative implications for the BTC price and the crypto market by extension. For example, looking at the chart above, it is obvious that Bitcoin has seen its largest moves upward when the open interest has been low. This suggests that the lack of market pressure gives bulls the space to push the price upward. Hence, with the open interest still so high, it could be much harder to push the price higher. Given this, the BTC price could see further decline before there is more recovery from here. BTC Price Crash Below $70,000 Imminent? Besides the Bitcoin open interest remaining high, a crypto analyst has also given reasons why the BTC price could see a crash from here. The first factor given is the fake bullish divergence. According to the analysis, the RSI may be showing a bullish divergence but the price action isn’t following it. Hence, this could lead to a bull trap, pulling traders into losses as the price crashes. Related Reading: Is The XRP Price Mirroring Bitcoin’s Macro Action? Analyst Maps Out How It Could Get To $71 Another factor given is the fact that the Bitcoin price has broken a trendline support after falling to the low $80,000s. This suggests that bullish momentum is weakening and the recent recovery might not hold. Given the factors listed above, the crypto analyst expects the Bitcoin price to fall another 20% from here. The target is placed at $69,149, which is an all-time high from 2021. “This level coincides with the intersection of the mid-channel support line and horizontal price structure,” the analyst explains. Featured image from Dall.E, chart from TradingView.com
"Operation Avalanche" identified digital wallets that had lost $4.3 million dollars, according to the Secret Service.
Mantra CEO John Mullin has recently announced plans to burn all the team-held tokens to rebuild trust with the community after the Mantra (OM) token came crashing down, similar to the Terra Luna Crash, on April 13. “I’m planning to burn all of my team tokens and when we turn it around the community and …
Oklahoma has officially exited the race to establish a Strategic Bitcoin Reserve (SBR) after a key bill failed to advance in the State Senate. On April 15, the Oklahoma Senate Revenue and Taxation Committee voted 6-5 to strike down House Bill 1203, also known as the Strategic Bitcoin Reserve Act. One of the key developments […]
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Bitwise has listed four Germany-issued crypto ETPs on the London Stock Exchange, boosting access for Bitcoin and Ethereum investors. This move marks a major step in expanding Bitwise’s presence across European markets. The lineup includes BTC1, a low-cost Bitcoin ETP with a 0.20% TER, and the Bitwise Physical Bitcoin ETP, known as Europe’s most liquid …
China's crypto liquidation highlights regulatory gaps, risking corruption and necessitating urgent reforms to align with national policies.
The post China’s local authorities liquidate seized crypto to support public finances amid economic slowdown appeared first on Crypto Briefing.
Your day-ahead look for April 16, 2025
As the XRP price climbs back above the crucial $2 mark, reflecting a 20% surge over the past week, market analysts are increasingly optimistic about the token’s recovery and potential for setting new all-time highs (ATHs). Expert analyst Maelius recently shared insights on social media platform X (formerly Twitter), suggesting that the current market dynamics support a bullish outlook for the XRP price. XRP Price Could Target $10 In Conservative Case Despite the recent price surge, some market participants remain skeptical about XRP’s trajectory. Maelius addressed these concerns, stating, “In a conservative case, I think XRP looks very bullish on higher time frames (HTFs).” Historically, XRP has shown a pattern of respecting the 50-week Exponential Moving Average (EMA) during bull markets. Recently, the asset touched this EMA and rebounded, reinforcing the belief that it is on a positive trajectory. Related Reading: This Bitcoin Pullback Mirrors 2017’s Path To Parabolic Highs, Says Analyst In his social media update, Maelius outlined two scenarios for XRP’s future price movements: a conservative case and a more optimistic base case. In the conservative scenario, Maelius posits that XRP has completed its Wave 3 (W3) of a larger Elliott Wave cycle and is currently finalizing Wave 4. This suggests that XRP could expand into a final Wave 5, targeting $10. The expert assigns a 35% probability to this conservative case, highlighting that price and Relative Strength Index (RSI) behaviors indicate a potential base formation around current levels before reaching new highs later in the year. Maelius’s more optimistic scenario suggests that the top of Wave 3 may not have been reached yet. He points out that the accumulation phase for the XRP price has been longer than in previous cycles, indicating that the market may just be taking more time to develop. In this case, the final W5 could extend into the first or second quarter of the next year, with targets ranging from $15 to $20 or higher. Can Dominance Translate To Price Gains? In addition to the XRP pprice analysis, Maelius examined the token’s market dominance, which indicates the token’s share within the broader cryptocurrency market. The expert noted that while the token’s dominance has been preparing for a final upward move, this does not necessarily correlate with the XRP price reaching new highs. The dominance metric, seen in the image below shared by Maelious, suggests that while XRP might underperform relative to other altcoins, it still has the potential for significant price appreciation. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap? The 1-week RSI for the token’s dominance is currently in an uptrend and resting on horizontal support. If this support level fails, a diagonal support line could provide the next level of defense. Historically, XRP’s dominance has experienced two major impulses during previous cycles, each reaching notable resistance areas. However, Maelius cautions that the growing size of the market makes it increasingly challenging for any single asset to achieve the same peaks as in prior cycles. Featured image from DALL-E, chart from TradingView.com
A recent post by crypto analyst Axel Adler Jr sheds light on Bitcoin’s current market health using the Pareto Principle. His analysis shows that 80% of the network’s coins are still in profit, while 20% are at a loss. The big question is: Is Bitcoin overheated? Curious to know more? Read on! Understanding the Pareto …
STH MVRV dropped to 0.82, signaling investor stress — while long-term holders quietly accumulate.
Crypto exchange OKX has officially relaunched its operations in the United States, introducing a centralized trading platform, a new Web3 wallet, and a fresh leadership team, according to an April 16 statement shared with CryptoSlate. The exchange stated: “American customers can buy, sell, and convert top cryptocurrencies like Bitcoin, Ethereum, USDT, and USDC, while also […]
The post OKX relaunches in US with new trading platform and Web3 wallet after major legal settlement appeared first on CryptoSlate.
April 16, 2025 – Today marks a potentially pivotal moment in the crypto market as two high-stakes events unfold: the long-awaited conclusion of the Ripple vs SEC lawsuit and a key speech by Federal Reserve Chair Jerome Powell. Together, these developments could significantly influence investor sentiment and shape the near-term direction of crypto assets. Ripple …
Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments.Speaking at an event in Milan, Giancarlo Giorgetti said that while trade tariffs dominate headlines, new US policies on dollar-backed stablecoins present an “even more dangerous” threat to European financial stability, according to a Reuters report.US stablecoins allow users to invest in a widely accepted method for cross-border payments without opening a US bank account, Giorgetti said. He warned that the growing appeal of US stablecoins to Europeans should not be underestimated. Giorgetti urged European Union lawmakers to take more steps to boost the euro’s position as an international currency. He added that the digital euro under development by the European Central Bank (ECB) will be essential to minimize the need for Europeans to resort to foreign solutions. US lawmakers advance stablecoin billsPresently, stablecoin regulation in the US remains fragmented. Instead of a unified framework, multiple agencies apply existing laws to regulate stablecoins. However, lawmakers are working to implement changes, with several pieces of stablecoin legislation progressing. On April 2, the US House Financial Services Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act. The bill is now headed to the House floor for a full vote. The bill was introduced on Feb. 6 by Committee Chair French Hill and the Digital Assets Subcommittee Chair Bryan Steil. It would ensure that stablecoin issuers provide information on their businesses, including how their tokens are backed. In addition, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act establishes rules that require issuers to maintain reserves backed one-to-one, comply with Anti-Money Laundering (AML) laws, protect consumers and boost dollar dominance in the global economy. The GENIUS Act still requires approval by both chambers of Congress and a presidential signature before becoming law.Related: Stablecoins are the best way to ensure US dollar dominance — Web3 CEOECB exec renews digital euro pushApart from Giorgetti, ECB Executive Board member Piero Cipollone also urged European lawmakers to intensify their efforts to combat dollar-backed stablecoin dominance in Europe. On April 8, Cipollone wrote an article expressing concerns about the growing popularity of US stablecoins. The official suggested launching a central bank digital currency to combat this threat to the euro. He said this would aid in preserving the monetary sovereignty of the eurozone. Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
The White House has announced a major hike in tariffs, imposing up to 245% duties on Chinese imports. This sharp increase is seen as a response to China’s retaliatory measures against previous U.S. tariffs. The move signals a continued tough stance by the U.S. on trade with China. It’s expected to impact global trade flows …
Seychelles-based cryptocurrency exchange OKX announced that it is reentering the US market.According to an April 16 blog post, OKX will return to the United States market along with the appointment of former Barclays director Roshan Robert as its US CEO. Robert said in the post:“Today, I’m thrilled to announce the launch of OKX’s centralized crypto exchange and OKX Wallet in the United States, alongside the establishment of our regional headquarters in San Jose, California.“All existing Okcoin users will be migrated to the new platform, which Robert said will lead to a better overall experience. The promised improvements include deeper liquidity, lower fees and advanced trading tools.Source: OKXRelated: Standard Chartered and OKX pilot crypto, tokenized fund collateralsStep by stepOKX will not roll out the upgrade in one shot. Instead, the new platform will take a phased approach to onboard new customers. The exchange plans to follow the cautious approach with a nationwide launch later in 2025.“We’re beginning with a phased rollout for new customers to ensure a smooth and secure onboarding process, with a broader nationwide launch planned later this year,“ Robert said.OKX also promised integrations with local banks and support for major assets, including Bitcoin (BTC), Ether (ETH), USDt (USDT) and USDC (USDC). Robert noted that the company maintains a global proof of reserves for all its assets, which is published monthly by cybersecurity firm Hacken.Hacken had not responded to Cointelegraph’s request for comment by publication time.In addition to its trading platform, the firm is also rolling out OKX Wallet to its US-based customers. The wallet supports 130 blockchains and features a decentralized exchange (DEX) aggregator, allowing access to over 10 million tokens on platforms including Ethereum, Solana and Base.Related: Malta regulator fines OKX crypto exchange $1.2M for past AML breachesOKX gets out of US troublesThe report follows OKX hiring former New York Governor Andrew Cuomo to advise it over a federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.The exchange admitted on Feb. 24 to operating an unlicensed money-transmitting business in violation of US Anti-Money Laundering laws. As a consequence, OKX agreed to pay $84 million worth of penalties while forfeiting $421 million worth of fees earned from primarily institutional clients.After the investigation concluded, OKX said it would seek out a compliance consultant to remedy the problems revealed by the federal probe and improve its compliance efforts. OKX’s CEO Star Xu wrote in a Feb. 24 X post:“Our vision is to make OKX the gold standard of global compliance at scale across different markets and their respective regulatory bodies.”OKX had not responded to Cointelegraph’s request for comment by publication timeMagazine: XRP win leaves Ripple and industry with no crypto legal precedent set
April 16, 2025 10:09:21 UTC FED Chair Jerome Powell to Address Economy, Inflation Today Federal Reserve Chair Jerome Powell will speak today at 11:30 AM ET, discussing inflation data and economic prospects. His remarks come amid rising market volatility driven by U.S. tariffs and inflation concerns. Investors are watching closely for clues on the Fed’s …
Soneium, a layer-2 (L2) blockchain network developed by Sony Block Solutions Labs, said it has slashed its blockchain finality time by over 98%, as it aims to solve one of the biggest challenges in blockchain scalability.Astar, a Japanese Web3 adoption collective bridging Astar Network and Soneium, announced a strategic partnership with AltLayer and EigenLayer to launch a “Fast Finality Layer” for Sony’s L2 blockchain.In blockchain settlement, finality is the assurance that a transaction is irreversible, which happens after it is added to a block on the blockchain ledger.The new finality layer provides a crypto-economic security guarantee through a decentralized network of validators to reduce the reliance on centralized sequencers and enable more secure crosschain interactions.Soneium, ALtLayer, EigenLayer partnership. Source: Astar NetworkThis could result in a sub-10-second transaction finality for Soneium, a 98% reduction from its initial 15-minute finality, which was achieved through Optimism’s OP Stack, according to an announcement shared with Cointelegraph.The new validator network will be secured by both restaked Ether (ETH) and Astar (ASTR) tokens.Reducing blockchain finality is key for enabling more advanced decentralized finance (DeFi) use cases and improving developer and user experience, since most solutions experience finality delays from 15 minutes to several days, according to Maarten Henskens, head of Astar Foundation.The new partnership is a “crucial step toward secure, high-speed, crosschain interoperability,” he told Cointelegraph, adding:“It’s a foundational improvement in UX and trust: users no longer need to wait or “double-check” if a transaction will be reversed, and developers can confidently build real-time, interactive applications without worrying about delayed finality.”“This milestone is just the beginning — and there’s a much larger story unfolding around how fast finality will reshape developer UX, DeFi, and crosschain experiences,” he added.L2s by blockchain finality time. Source: L2beat Arbitrum One is currently the fastest blockchain, with an average finality time of one minute, the same as Coinbase’s Base L2 network, both relying on optimistic rollups, L2beat data shows.Related: Crypto lending down 43% from 2021 highs, DeFi borrowing surges 959%Blockchain L2 finality a key bottleneck for adoptionSolving blockchain finality remains the biggest barrier to mainstream Web3 adoption, according to YQ Jia, CEO of AltLayer.“By combining EigenLayer’s restaking with MACH validation and support from Astar Network, we’re creating an infrastructure that offers the best of both worlds — Ethereum’s security guarantees with near-instant finality,” Jia said. “This is exactly the kind of solution needed to bring blockchain technology to mainstream adoption.”Related: Kraken rolls out ETF and stock access for US crypto tradersEigenLayer has sought to advance mainstream blockchain adoption since it launched.In February 2025, EigenLayer and blockchain protocol Cartesi launched a new initiative to find the next key prototype consumer application with new use cases that may bolster mainstream crypto adoption.Magazine: Financial nihilism in crypto is over — It’s time to dream big again
Ethereum (ETH) continues to hold a crucial support level after recovering from last week’s correction. Its recent bounce from historical demand zones has led some analysts to suggest that the altcoin is gearing up for a breakout. Related Reading: Forget XRP At $3, Analyst Reveals How High Price Will Be In A Few Months Ethereum Holds Key Support Ethereum has reclaimed the key $1,600 level after dropping below the $1,400 support for the first time since 2023. The second-largest cryptocurrency by market capitalization recently fell to a two-year low during last week’s correction, fueled by US President Donald Trump’s trade tariff war. ETH touched $1,385 last Wednesday, retesting the 2018 all-time high (ATH) levels before recovering. Amid Trump’s 90-day tariff pause announcement, Ethereum jumped over 10% from $1,480 to $1,600, briefly nearing the $1,700 resistance. However, its price retraced to the $1,400-$1,500 support zone on Thursday amid the market’s volatility. Over the weekend, the King of Altcoins recovered, hovering between the $1,580-$1,680 price range for the past four days. Ethereum has reclaimed the $1,600 support in the past 24 hours, fueling a bullish sentiment among some market watchers. Analyst Ted Pillows noted that ETH might be getting closer to a breakout from its short-term downtrend line. According to him, investors could expect the cryptocurrency to hold the $1,550-$1,600 level now that global markets are gaining some strength. He considers holding this range could propel Ethereum’s price toward the one-month downtrend line. A breakout and confirmation of this resistance, at around $1,670, could set the base for a 20% jump toward the $2,000 resistance level. Is ETH Out Of The Woods? Merlijn The Trader suggested that ETH is gearing up for a breakout. The market watcher pointed out the cryptocurrency’s two-month descending channel, which could be “history” if volume surges. The analyst considers that as Ethereum nears the channel’s upper boundary, “all we need now is volume” for a surge above the $1,690 mark, adding that a breakout from this level would target $2,700. He also underscored that ETH’s double top formation was completed after “smashing” the $1,432 target, signaling that it “survived the storm.” Notably, the cryptocurrency confirmed this pattern, which developed within its $2,196-$3,904 Macro Range, following its March close below the $2,100 support. After recovering from the recent lows, “Now comes the face-melting rally no one expects. $4,000 is only the beginning.” Meanwhile, Rekt Capital highlighted that Ethereum’s Dominance has almost equaled old All-Time Lows. He explained that since June 2023, ETH’s Dominance has dropped from 20% to 8%, historically a reverse area for the cryptocurrency. Related Reading: Ethereum Rally May Unleash Massive Gains For 3 Altcoins “Generally, Ethereum Dominance needs to hold this green area for a chance at reversal Increasing ETH Dominance would be highly beneficial for Altcoin valuations over time,” he noted Monday. When the ETH Dominance hit the $7.5%-8.25% range, it reversed “to become more market-dominant,” which could signal a reversal for the King of Altcoins. As of this writing, ETH trades at $1,609, a 1% decrease in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Auradine's Series C funding round includes $138 million in equity and $15 million in venture debt, CEO Rajiv Khemani told The Block.
In a major blow for crypto investors in India, the Supreme Court has rejected a petition filed by 54 users of the WazirX exchange. These users were hoping for urgent action after losing their funds in a massive ₹2,000 crore cyberattack. But the court said it isn’t the right authority to handle the issue and …