Category: News

LG Electronics, Arbitrum Launch Blockchain Ad Network

South Korean tech giant LG Electronics is working with the Ethereum layer-2 network Arbitrum to build a blockchain-based advertising network aimed at serving the digital ad industry.  Arbitrum would give advertisers and publishers a shared database of ad inventory and track how customers interact with advertisements, with the company exploring how to bring the service to market this year, Fortune reported on Thursday. “We are evaluating whether this approach can deliver meaningful value to advertisers, publishers and audiences,” said Samuel Byungsun Park, the head of LG Electronics’ blockchain research lab. …

Coinbase Tool Lets AI Agents Trade Crypto, Make Payments

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Crypto exchange Coinbase has launched a tool that allows artificial intelligence agents to make payments and trade crypto on behalf of users, as crypto companies look to ride a wave of interest in AI. Coinbase said Thursday that it is launching Coinbase for Agents, which will allow AI models like ChatGPT and Claude to connect with a user’s exchange account and be prompted to make trades or execute strategies. AI agents can also make payments using Coinbase’s AI payments protocol x402, allowing the bots to pay for data services to…

Avalanche Treasury Lists on Nasdaq, Shares Fall 16%

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The Avalanche Treasury Company saw a rocky start as it debuted on Nasdaq under the ticker AVAT on Thursday, with shares dropping 16% by the end of the day. The new company gained access to the Nasdaq after merging with special-purpose acquisition company (SPAC) Mountain Lake Acquisition in a $675 million deal first announced in October.  The company, with support from institutional backers including Dragonfly, Pantera, ParaFi Capital, VanEck, Galaxy Digital and Kraken, aims to give investors exposure to the Avalanche blockchain ecosystem without holding the cryptocurrency.  Bart Smith, Avalanche…

Crypto Volume Drops To 2-Year Low—Is A Relief Rally Next?

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On-chain data shows trading volume in the crypto sector has slumped to the lowest level in two years, a sign that investors have turned their attention away from the market. Crypto Trading Volume Has Seen A Notable Decline In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the trading volume of crypto assets. The “trading volume” here refers to an indicator that keeps track of the total amount of a given token that’s becoming involved in trading activity on the various centralized…

Dogecoin Just Hit A Rare Capitulation Signal: What It Means

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Dogecoin has entered a deeply depressed on-chain valuation zone, according to analysis from Aphractal AI, with DOGE trading far below its realized price and several holder-profitability metrics pointing to capitulation. The signal matters because it suggests the market has already absorbed substantial pain, even as price momentum and derivatives positioning remain fragile. The analysis places DOGE at $0.08475, with a market capitalization of $13.36 billion and a circulating supply of 154.58 billion coins. Its realized price, however, stands much higher at $0.12845, meaning Dogecoin is trading roughly 34% below the…

BlackRock races Bitcoin income ETF toward potential launch

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BlackRock has moved its proposed Bitcoin income-focused exchange-traded fund closer to market debut after filing a key registration document with the U.S. Securities and Exchange Commission. Summary BlackRock filed a Form 8-A with the SEC, moving its Bitcoin Premium Income ETF one step closer to a Nasdaq launch. Bloomberg ETF analyst Eric Balchunas said the filing could signal that the BITA fund may begin trading as early as next week. The ETF plans to generate income by selling call options tied to BlackRock’s spot Bitcoin ETF, IBIT, while maintaining Bitcoin-linked…

Blackrock Files Final Pre-Launch Form for Bitcoin Covered-Call ETF, Analyst Gives 1-Week Window

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Key Takeaways Bloomberg’s Eric Balchunas flagged Blackrock’s 8-A filing on June 11, predicting BITA launches by June 19. BITA writes covered calls on 25% to 35% of NAV monthly, targeting income-focused bitcoin investors. Blackrock’s 0.65% fee undercuts rival covered-call bitcoin ETFs ahead of a Goldman Sachs July launch. Balchunas Calls the Date “Blackrock filed an 8-A for the Bitcoin Premium Income ETF BITA,” Balchunas wrote on X. “That typically means launch in one week. So if I had to bet I’d say next Thursday BITA goes live. We’ll see tho.”…

The 3-Part Impulse That Shows Where The XRP Price Is Headed Next

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XRP bulls are trying to turn a brutal selloff into something bigger than a relief bounce. An interesting setup shows a possible three-part impulse from the recent low around $1.05, but the entire setup still depends on whether buyers can force the price through the levels that broke during the crash. XRP’s Chart Is Trying To Build A Three-Part Impulse An interesting technical analysis of the XRP price is centered on a possible three-leg recovery structure, with the cryptocurrency’s latest low around $1.07 acting as the starting point. From there,…

Stock Market Volatility Rocks Bitcoin, Threatening $60K Support

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Key takeaways: Surging oil prices and rising producer inflation have pushed traders to price in a stricter US Fed monetary policy. Massive spot Bitcoin ETF outflows in June show the cryptocurrency is currently failing to act as a stock market hedge. The Nasdaq 100 Index dropped 7.5% in the seven days leading up to June 10, wiping out $2.7 trillion in market value. The fallout represents more than twice the entire Bitcoin (BTC) market capitalization and has put traders on alert, especially as inflation data feels the heat from high…

SUI Stuck In A Downtrend After Resistance Rejection, More Losses Ahead?

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SUI’s latest rejection at a crucial resistance area has handed control back to the bears, keeping the asset trapped in a persistent downtrend. As downside momentum continues to dominate, attention is shifting toward key support levels that could determine whether SUI is headed for further losses or nearing a potential bottom. SUI’s Fifth-Wave Decline Keeps Bears In Control More Crypto Online’s analysis highlights that SUI continues to face significant downside pressure, suggesting the market is likely still unfolding a fifth wave to the downside. While the higher timeframe structure remains…