Category: Other Crypto News

OKX Integrates Aave on Ethereum L2 X Layer

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OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume. Aave, the largest decentralized lending protocol with $23.5 billion in total value locked, has launched on X Layer, an Ethereum layer-2 blockchain launched by crypto trading platform OKX.  It marks a significant milestone for X Layer, a blockchain with just $25 million in total value locked, which launched in 2024. The integration would allow OKX Wallet and X Layer users to lend, borrow and earn yield without needing to…

Committee Hearing for Fed Chair Nominee is Expected Around Mid-April

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The Senate Banking Committee is reportedly planning to hold its hearing on the nomination of Kevin Warsh as Federal Reserve chair as soon as the week of April 13, according to a report from Punchbowl News citing two sources familiar with the matter. In a report on Sunday, Punchbowl’s sources said the hearing date is “fluid” and that the final deadline depends on Warsh submitting all of his paperwork to the banking committee. Current Fed Chair Jerome Powell’s term is set to end on May 15, but he has previously…

User Transactions and Trading Volume Explode in Prediction Market Platforms

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Prediction market transactions have hit record highs in March, amid growing interest in political and geopolitical event contracts, improved accessibility and positive regulatory developments for the industry. According to prediction markets data tracked by Dune, the number of transactions for March is over 191 million so far, which is already a 2,838% increase compared to the same time last year.  Blockchain intelligence firm TRM Labs said in a report on Friday that the sector has grown significantly with Google Finance and mainstream media coverage of live odds.  “Prediction markets have…

Bitcoin Price Stalls Under $68,800, Resistance Caps Upside Again

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Bitcoin price failed to stay above $68,800 and declined further. BTC is now consolidating below $68,000 and might continue to move down. Bitcoin started a fresh decline from well above the $70,500 zone. The price is trading below $68,800 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $67,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $68,000 and $68,800 levels. Bitcoin Price Extends Losses Bitcoin price…

Lido DAO Mulls $20M LDO Buyback to Boost Token Price

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Lido’s decentralized autonomous organization is considering a one-off $20 million buyback of its governance token to address so-called price dislocation, which is at “historically depressed levels” relative to Ether, according to the DAO.  The proposal, submitted Friday, seeks permission to swap 10,000 Lido Staked Ether (stETH) tokens, currently worth $20 million from the DAO’s treasury for Lido DAO (LDO), arguing that LDO is undervalued. “This is not a routine fluctuation. It represents one of the most significant dislocations between LDO’s market price and its underlying protocol fundamentals in the token’s…

WLD Slides To New Lows As World Foundation Offloads $65M

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A massive token unlock scheduled for late July could make things worse. Related Reading Thailand authorities raided an iris-scanning site tied to Sam Altman’s World project last October. That was trouble enough. Now the foundation behind the biometric identity platform is selling its own token at a fraction of what investors paid less than a year ago — and the market is not taking it well. World Foundation disclosed Saturday that its token issuance arm, World Assets, completed an over-the-counter sale of WLD tokens worth $65 million, spread across four…

Walmart’s OnePay Adds a Dozen New Cryptos to Nascent Superapp Offering

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OnePay, which is majority-owned by Walmart, has added more than a dozen crypto tokens to its offerings that the executive responsible for digital assets said “meet a high bar” that’s been set by the banking app’s customers. Since launching in January, offering Bitcoin (BTC) and Ethereum (ETH) on its its nascent crypto platform, OnePay on Thursday added SUI (SUI), Polygon (POL) and Arbitrum (ARB) just days after listing another 10 tokens, including Solana (SOL), , Cardano (ADA), Bitcoin Cash (BCH) and PAX Gold (PAXG). “We plan on continuing to expand…

Here’s Why Bitcoin Investors Must Protect Key $60,490 Level – Analyst

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Joao Wedson, popular market analyst and founder of analytics platform Alphractal, has shared a cautionary insight on the Bitcoin market involving potential developments with the Binance exchange reserves. Binance BTC Reserves In Danger – Possible Deep Bear Market?  The Bitcoin market has remained in a bear phase for the last six months, marked by geopolitical tensions and macro uncertainties. During this time, the premier cryptocurrency has struggled to establish any sustained uptrend while constantly absorbing waves of corrective price action. In the most recent wave, Bitcoin prices returned to around…

Ethereum Builders Propose ‘Economic Zone’ to Fix L2 Fragmentation

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Developers from Gnosis and Zisk, with backing from the Ethereum Foundation, have proposed a new framework aimed at unifying Ethereum’s fragmented layer-2 ecosystem by enabling rollups to interact seamlessly with each other and the mainnet in a single transaction. According to an announcement shared with Cointelegraph, the proposed “Ethereum Economic Zone” (EEZ) would allow smart contracts on different rollups to execute synchronously across networks without relying on bridges. The initiative targets a key trade-off in Ethereum’s scaling strategy, where dozens of layer-2 networks have improved throughput but split liquidity, infrastructure…