Latest news from the Web3 ecosystem
Web3 executives and analysts are debunking viral claims suggesting Bitcoin's scarcity model is broken. They emphasize that derivatives do not mint new Bitcoin, maintaining the digital asset's capped supply.
The CoinDesk 20 index experienced a 2% decrease, with almost all of its components trading lower. Internet Computer (ICP) was the sole exception, registering a modest gain.
The Ethereum Foundation has begun staking its own ETH, actively utilizing less dominant client software. This move addresses ongoing concerns about the centralization risks within the network's staking infrastructure.
MoonPay has launched Agents, a groundbreaking non-custodial financial infrastructure enabling AI agents to autonomously manage and spend digital assets.
Coinbase is expanding its platform beyond cryptocurrency trading to include traditional assets like stocks and ETFs, positioning itself as a comprehensive digital asset marketplace.
A lone Bitcoin miner achieved a significant win, earning over $200,000 by validating a block using only $75 worth of rented computational power.
A prominent analyst suggests that current conditions present an opportune moment for accumulating Bitcoin, emphasizing time over price as a potential challenge for investors.
Ethereum co-founder Vitalik Buterin has divested a significant portion of his ETH holdings, selling approximately 17,000 ETH over the past month. This comes as he allocated substantial funds towards privacy-focused initiatives.
A landmark tokenization of a cross-border repurchase agreement using UK government bonds has been successfully executed, marking a significant step towards unlocking liquidity in global financial markets.
Cipher Mining has rebranded to Cipher Digital as it shifts its strategic focus from Bitcoin mining to High-Performance Computing (HPC). The company's latest financial results fell short of expectations.
Recent tariff actions have triggered a capital shift away from cryptocurrencies, with stablecoin activity indicating a broader market slowdown that impedes Bitcoin's price recovery.
MicroStrategy CEO Michael Saylor draws a parallel between Bitcoin's recent 45% price correction and Apple's historic market slump in 2013, suggesting such downturns are characteristic of transformative technologies.