Eclipse seeks to use a mix of technology from Solana, Celestia, Ethereum and RISC Zero for its proposed scaling solution – basically, speed like Solana with security provided by Ethereum. Apps built for Solana will be able to run on Eclipse with minimal changes, with SOL being the token of the realm. Source
It’s all about bitcoin (BTC), which accounted for $2.6 billion of last week’s inflows as the U.S.-based spot ETFs continued to add thousands of coins per day alongside a major rally in prices. Year-to-date bitcoin inflows now account for 14% of bitcoin assets under management, said CoinShares. Source
Next up in bitcoin’s sight is the globe’s seventh most valuable asset, Google parent Alphabet, whose current valuation is just shy of $1.7 trillion. Some bitcoin bulls have their sights set on the world’s most valuable property – gold and its $14.7 trillion market cap. To get there, bitcoin would have to rise more than 10-fold, or past $720,000 per token. Source
“The integration of Tether USDT on the Celo platform, which is built for the real world, will represent a significant step forward in our mission. By leveraging the unique capabilities of Celo, we can further enhance the usability and accessibility of Tether for millions of people,” said Paolo Ardoino, CEO of Tether. Source
To be sure, the GOP standard bearer for the 2024 presidential election is a long way from becoming a Bitcoin maxi or showing anything other than a passing interest in the crypto. “I want one currency, I want the dollar, I don’t want people leaving the dollar,” he continued, before moving on talking about the great interest shown in some of his NFT offerings. “People were going crazy for these things [NFTs], and so many of these were bought with this new cryptocurrency and I couldn’t believe the amount,” he…
“In marketing, crypto is unique with its 24/7 media cycle, so learning to navigate that and developing strategies, such as partnering with big podcasters, was key,” he continued. I also learned a lot about team building; we had a phenomenal team at BlockFi, many of whom are staying in the crypto industry, and some have even started new crypto companies, which makes me proud.” Source
The software firm, founded by staunch bitcoin advocate Michael Saylor, now holds 205,000 BTC worth around $14.7 billion. MicroStrategy acquired its latest batch of BTC for ~$68,477 per coin, Saylor said in a post on X on Monday. In total, the company acquired the bitcoin for $821.7 million, using the proceeds from the debt raise and excess cash. Source
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In previous cycles, “liquidity conditions” were the main setback to price momentum, but that doesn’t appear to be the case anymore. Still, these support drivers are “likely to meet some important macro and technical headwinds in the weeks ahead,” the authors wrote. Source
ARK Invest aims to have no individual holding surpass a 10% weighting of an ETF’s value, making such large sell offs necessary when an asset surges in value. Source