Babylon has launched its bitcoin staking protocol on mainnet, marking a significant step in integrating Bitcoin’s security into proof-of-stake (PoS) ecosystems. The launch is set to provide bitcoin holders with new staking opportunities, leveraging the network’s decentralized nature. Bitcoin Staking Protocol by Babylon Goes Live Babylon‘s mainnet launch introduces a staking protocol that allows bitcoin […] Original
That’s according to new research compiled by Blocknative, a company that specializes in preventing or minimizing the impact of MEV, which stands for “maximal extractable value” – the profits that can be siphoned off by fast-moving software bots that can quickly enter into trades to skim margin off of transactions that are sitting in the network’s public queue, waiting to be processed. Source
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer, while Grayscale’s Mini Ethereum Trust led the gains in the ETH ETF category. Spot Bitcoin ETFs Gain $61.98M, Ether ETFs Face […] Original
Tron (TRX) gains massively as it continues on its bullish path after new developments hit the market. According to CoinGecko, the token is up 14% since last week. This trend may continue as major cryptocurrencies like Bitcoin and Ethereum pull altcoins upward as well. Related Reading With favorable market conditions, TRX has a chance to pull off something great this week. Supporting this probability is Mobilum’s recent tweet that placed the spotlight on Tron’s robust network as it supported transactions worldwide. Tron Users Contribute Massively On Mobilum Crypto banking platform…
State Street is partnering with digital asset custodian Taurus for its tokenization plans with the intention of extending to crypto custody once the U.S. regulatory environment improves. State Street, which has $44.3 trillion in assets under management, plans to go live with tokenized versions of traditional assets. The bank has been “very vocal” about the need to change SAB 121, which could force banks seeking to hold crypto to maintain an onerous amount of capital to compensate for the risk, Donna Milrod, chief product officer and head of Digital Asset…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore: El Salvador Might Benefit Putting Bitcoin at the Center of […] Original
CoinspeakerHash Ribbon Signals End to Bitcoin Miner Crisis: What’s Next for BTC? After the April post-halving event, which cut Bitcoin (BTC) miners’ revenue by half, the mining sector was hit by a profitability crisis (miner capitulation). However, after over three months, the segment’s health has seen improved recovery per the Hash Ribbon metric. Per CryptoQuant, a crypto analytic platform, the metric has flashed an ‘end to miner capitulation’ signal. For context, the metric tracks miner stress or crisis (green) and always coincides with a sharp drop in hash rate (the…
XRP is one of the top performers within the top 100 cryptocurrencies by market capitalization in the past 24 hours. With a price increase of 7%, the XRP price is showing significant bullish momentum, which could continue to expand according to various crypto analysts. Dark Defender (@DefendDark) released a new technical analysis of the XRP/USD pair today that shows a strong bullish trend. According to his latest post on X, “XRP touched the fibonacci zone of 61.80% at $0.6044 & trying to break here. Heikin Ashi candles are bullish &…
The leading U.S. economic indicators are still pointing to a slowdown, but no longer signal a recession, data from the Conference Board, a nonpartisan and non-profit research organization, showed Tuesday. That’s a positive sign for risk assets, including cryptocurrencies. Source
“While we’re starting with tokenization, that’s not where we’re ending,” Milrod said in an interview. “As soon as the U.S. regulations help us out, we will be providing digital custody services as well. We know how to be a custodian. We don’t do that on our balance sheet. We do that off-balance sheet. They’re not our assets.” Source