The hard fork will introduce a new, competing layer-1 blockchain and seven layer-2 scaling networks, according to Sztorc’s announcement. Bitcoin developer Paul Sztorc announced on Friday that a new hard fork of the Bitcoin network called eCash will be deployed in August. Bitcoin holders will be able to exchange their BTC for eCash at a 1:1 ratio once the hard fork is live, Sztorc said in an X post. He added that the layer-1 node software for the chain will be a “near-copy” of the BTC Core client software and…
Category: Other Crypto News
XRP Spot Buyers Are Getting Stronger While Futures Traders Are Selling – Learn What That $700M Split Means
XRP has been consolidating since early February, building a base that has tested the patience of bulls who have been waiting for a decisive move to higher levels. The market has reached a pivotal moment — and a CryptoQuant report identifies a structural split in the data that changes how we should interpret the current consolidation. Related Reading The report reveals a divergence that cuts through the surface noise. XRP’s spot market and futures market are currently telling contradictory stories. Across centralized exchanges, spot buying has been strengthening continuously —…
Will Bitcoin Fill The $82K CME Gap? $10B Could Be Liquidated—But Bulls May Hate What Follows
Bitcoin (BTC) is consolidating around $77,600 as the price fails to break above the nearest resistance area near $79,500. With the market stuck in this range, attention is shifting to the possibility that Bitcoin could finally shift direction, potentially ending the current compression. A major part of this discussion is the CME gap around $82,000. In this context, CME gaps are treated as imbalances that can appear in futures pricing over periods when traditional trading is closed, such as weekends, while crypto trades continuously. Drop To $60,000 Still On The…
Aurelion Allocates $48M to XAUE Tokenized Gold Protocol
Aurelion, a Nasdaq-listed company building a Tether Gold-backed treasury, has allocated 10,000 units of the token, worth about $48 million, to a newly launched protocol designed to generate yield on tokenized gold. The DeFi protocol, XAUE, was introduced earlier this week by the Aurise Foundation as a treasury layer for Tether Gold, allowing tokenized gold to be used in yield-generating strategies while maintaining exposure to the underlying asset. Aurelion is the rebranded form of wealth and asset manager Prestige Wealth and is positioning Tether Gold as a primary reserve asset.…
Stablecoins Go Institutional As Morgan Stanley Rolls Out New Portfolio
With a minimum buy-in of $10 million, Morgan Stanley has made clear this is not a product built for small players. The Wall Street giant quietly unveiled its Stablecoin Reserves Portfolio on Thursday, a new offering that lets stablecoin issuers deposit the cash backing their digital tokens into one of the bank’s money market funds and collect interest while they wait. Related Reading A Fund Built Around Compliance The portfolio sits inside Morgan Stanley’s Institutional Liquidity Funds trust, known as MSNXX. According to the bank, the fund holds cash, short-dated…
Bitcoin Is Existing Exchanges At An Alarming Rate, But How Are BTC Investors Faring In Terms Of Profit?
Bitcoin’s exchange reserves have been dwindling massively in recent days. Coins are moving off exchanges at a steady pace, removing available supply ready for purchase. Recent on-chain data from CryptoQuant shows that Bitcoin balances on exchanges continue to decline and are moving into stronger hands. On the other hand, data tracking the percentage of Bitcoin supply in profit shows that only about half of the addresses are in profit. Bitcoin Is Disappearing From Exchange Order Books CryptoQuant data tracking Bitcoin exchange reserves across all platforms shows the aggregate balance has…
Quantum computer breaks 15-bit elliptic curve cryptographic key
The Bitcoin community continues to debate whether cryptographically relevant quantum computers are imminent or decades away. Project Eleven, a quantum security research company, awarded a prize to researcher Giancarlo Lelli for using a quantum computer to break a 15-bit elliptic-curve key — a small-scale version of the same cryptography used in Bitcoin, which relies on far larger 256-bit keys. Lelli was able to derive a private key from the public key paired to it, using a “variant” of Shor’s algorithm, an integer factorization algorithm for quantum computers, according to Project…
Chainlink Is Getting Cheaper And Whales Are Not Buying The Dip: Discount Or A Trap?
Chainlink has been grinding below the $10 mark, caught in a consolidation phase that has left holders waiting for a catalyst that has yet to arrive. The price action is frustrating but not unusual for an altcoin navigating a broader market that has been selective in where it directs its attention. What is less routine — and considerably more concerning — is what a CryptoQuant report has just identified beneath the surface. Related Reading The report examines the month-over-month change in Chainlink’s whale count — the number of large holders…
Crypto Biz: Same players, bigger bets as crypto eyes a rebound
Familiar players ramp up Bitcoin and Ether bets as markets hint at a rebound, while institutions test blockchain rails and US lawmakers stall on crypto rules this week. Familiar names have been aggressively accumulating Bitcoin (BTC) and Ether (ETH), but this time, their buying comes amid early signs of a market reversal. This week, Strategy made one of its largest Bitcoin purchases on record, bringing its total holdings well north of 800,000 BTC. Bitmine Immersion Technologies, despite sitting on steep unrealized losses, executed its largest Ether purchase since December. Beyond…
Bitcoin and Risk Assets Halt Their Surge With BTC Support at Risk
Bitcoin (BTC) stayed glued to $78,000 on Friday with markets “awaiting clarity” from the US-Iran war. Key points: Bitcoin stalls in its bid to recapture $80,000, as US stocks tread water. Strong earnings are needed to sustain the equities push, says analysis. BTC price support is at risk of giving way next. Bitcoin joins risk assets “chopping sideways” Data from TradingView tracked flat BTC price action into the week’s last Wall Street trading session. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Amid a lack of fresh geopolitical cues, risk-asset catalysts presented a…