“We think that restaking is going to be the largest DeFi segment, similar to how liquid staking grew, and because of the complexities associated with restaking, I think everybody focuses on the token, but they don’t realize how much infrastructure needs to be run to essentially be able to secure AVSs and in Jito’s cases, NCNs,” Kozinski said. Source
Analysts at Bitfinex suggest that the latest Consumer Price Index (CPI) data aligns with expectations, bolstering the case for a Federal Reserve rate cut in September. Based on the latest CPI data released on Aug. 14, it seems that the U.S. economy might finally be getting a handle on inflation. In July, the yearly inflation rate dropped to 2.9%, marking the first time it has fallen below 3% since early 2021. Bitfinex analysts anticipate that markets will receive this potential shift in monetary policy positively, particularly in risk assets like…
Will Bitcoin’s price hold above critical support levels as the market digests cooling inflation and yen trade risks? A brief look at inflation figures Inflation is like the temperature in a room — too hot, and it’s uncomfortable; too cold, and it’s just as bad. For the past few months, the U.S. economy has been trying to find that ‘just right’ spot and all eyes are on the latest numbers to see where we’re headed next. The Producer Price Index data for July 2024 just came in, showing inflation is…
Metamask has teamed up with Mastercard and Baanx to launch a debit card that lets users spend their crypto assets directly from their self-custody wallets. Consensys, the firm behind the project, views this new card as a pivotal step in weaving digital currencies into everyday life. Mastercard and Metamask Team Up to Launch Crypto Debit […] Source CryptoX Portal
Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface was compromised, prompting this precautionary measure. Wazirx Updates on Cyberattack […] Source CryptoX Portal
In a market with divergent projections, the Render token warms up to analysts and crypto believers. At a present value of $4.80, cryptocurrency researcher Crypto Patel has predicted Render is going to skyrocket over 990% to as high as $50. This could happen despite the token having plunged 75% from its peak. Related Reading Conversely, Crypto Alex found Render charts contained a bullish inverse head-and-shoulders pattern that could trigger a significant rally once sellers lose momentum. With these two diverging views, Render is at a junction, making its future interesting.…
Rayls, launched in June 2024, is an EVM blockchain system that unifies permissioned and public blockchains focused on enterprise-grade solutions. The product is aimed at initiatives such as financial instrument tokenization projects, the development of central bank digital currencies (CBDCs), and intra-institution transactions. Source
“Swell’s roots are in Ethereum. But we are bullish on restaking across the blockchain ecosystem,” Swell founder Daniel Dizon said in the announcement. “That’s why we’ve launched a liquid restaking token for Bitcoin that will… help up to $1 trillion of bitcoin liquidity start flowing into DeFi.” Original
The broker upgraded the bitcoin miner’s shares to buy from sell and raised its price target on the stock to $13.50 from $7.50. Source
The cryptocurrency market is no stranger to stories of immense wealth creation, where a small investment can turn into a life-changing fortune. As 2024 unfolds, two meme coins are capturing the imagination of investors with the potential to 1000X their wealth: Pepe Unchained (PEPU) and Mpeppe (MPEPE). These two tokens are not just riding the wave of meme culture; they are also leveraging unique technologies and strategies that set them apart from the crowded field. Here’s why Pepe Unchained (PEPU) and Mpeppe (MPEPE) might be the keys to multiplying your…