Stablecoins
Crypto
Report shows uptick in startups using Bitcoin in their balance sheet
In addition to direct financial benefits, startups also benefit from the marketing related to Bitcoin adoption.
Analysis
Bitcoin must hold $92.5k amid accumulation phase reminiscent of May 2021
Bitcoin is ranging $1,000 to $5,000 above short-term holder cost basis, a key support level to be maintained.
ETF
Solana ETF filings enter Federal Register, potential approval set for October
The listing triggered the 240-day deadline for the SEC to engage with the filings.
Analysis
SOL inflation leaps 30% one week after changes in fee distribution model
The SIMD 96 directs the network's priority fees to validators, instead of using half of it to burn SOL.
Crypto
Ethereum Foundation unveils interoperability framework to unify liquidity across EVM chains
The Open Intents Framework aims to seamlessly bridge the fragmented liquidity in the Ethereum ecosystem.
Crypto
Fold set to debut on Nasdaq, reinforcing Bitcoin presence in TradFi
The listing adds 1,000 BTC to the Bitcoin stash held by publicly-listed companies.
Analysis
On-chain weekly trading volumes drop since mid-January as Solana falters
As Solana weekly volumes contract, the on-chain volume activity follows its drawdown.
ETF
Bitwise pledges 10% of BITB ETF gross profits to Bitcoin developers
The $150,000 is the first BITB-related donation, directed at nonprofits Brink, OpenSats, and Human Rights Foundation.
Stablecoins
Tether co-founder backs new yield-bearing decentralized stablecoin
Pi Protocol will offer the minting of the yield-bearing USP stablecoin, which will be governed by the community.
Analysis
Bitcoin completes 81 days in consolidation as traders await clearer macro signals
Short-term holders realize losses as the potential for further downside mounts.
Trading
XRP trading booms on US exchanges as ETF speculation heats up
XRP reclaims spotlight with 14% contribution to Coinbase revenue amid rising liquidity and potential ETF news.
Stablecoins
StanChart, Animoca Brands and HKT launch joint venture to develop Hong Kong dollar-backed stablecoin
Both firms, along with telecom company HKT, have been in Hong Kong Monetary Authority's stablecoin sandbox since July 2024.
