Author: Coindesk
“Currently the collateral of choice on Aave V3, Spark, and MakerDao, 1.3 million stETH, 598,000 stETH, and 420,000 stETH, respectively, are locked into those protocols and used as collateral to issue loans or crypto-backed stablecoins,” it added. Read the full article here
“Kalshi has taken the decision as carte blanche to list dozens of election betting contracts, including bets on the outcome of the presidential election, the winner of the popular vote, margins of victory, which state will have the narrowest margin of victory, and bets on numerous other state and federal elections,” the filing said. “Kalshi’s website previews other contracts, including what it refers to as ‘parlays’ (a term used in sports betting) on various election outcomes, as ‘coming soon.'” Read the full article here
Longer term, these assets represent, in the eyes of many, the future of finance. Bitcoin has a unique position here, as the largest, oldest, and, in many ways, simplest cryptocurrency. It exists mainly just to be sent from one address to another, with constrained supply, a 15-year track record of security and a powerful network. It is a store of value, one that is still young and under-adopted but one that has faced and survived anything the global financial universe has thrown at it. It remains a great place to start for investor education and portfolio consideration. Oh, and it’s…
On Jan. 9, a post on SEC’s X declared “approval for #Bitcoin ETFs for listing on all registered national securities exchanges,” causing bitcoin to quickly jump $1,000 in price. The cryptocurrency then cratered $2,000 when the SEC regained control of its account, deleted the post and declared it false. Read the full article here
The collection of 1,935 generative images, “Elvis Side $Btc,” has been minted by Bitcoin-focused intellectual property (IP) project Royalty in partnership with inscription service OrdinalsBot, and is inspired by the artwork of Joe Petruccio, an artist licensed by the Elvis Presley Estate. Read the full article here
Dynex, a layer-1 blockchain for decentralized quantum computing, powered by a decentralized GPU network, has unveiled what it describes as an “ambitious 10-year roadmap to transition from GPU-based quantum emulation to silicon quantum chips, aiming to capture 25% of the quantum computing market by 2034.” According to the team, “The company has launched a $50 million venture capital round to attract top-tier investors. Dynex plans to release its first Apollo Silicon Quantum Chip by 2025, scaling up to 1 million qubits by 2034 to enable real-time quantum computations. Upholding ethical standards, Dynex ensures transparency and security by recording computations immutably…
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Long-term holders (LTH), defined by Glassnode as those holding coins or at least 155 days, could be the one taking profits, living up to their reputation of being smart traders or those that buy when prices are depressed and sell into a rising market. As of writing, LTHs hold only 500,000 BTC at a loss, which is a small fraction, considering they hold 14 million BTC as a cohort. Read the full article here
Data shows that deBridge is widely used to transfer funds between Ethereum, Arbitrum, Solana and Base, among other blockchains. Since April 2023, it has recorded over $3.3 billion in bridged volume between Solana and Ethereum networks alone, bagging the platform millions of dollars in revenues. Read the full article here
Other large investors also continue to accumulate bitcoin. The total balance of bitcoin whales – or influential large holders – excluding exchanges and mining pools, has continued to expand yearly, growing to 670,000 BTC. Moreover, the growth of holdings stands above its 365-day moving average, a positive sign for prices. Read the full article here