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Brazil recorded $2.4 million in crypto fund inflows last week, defying global outflows of $2.03 billion from exchange-traded products. This resilience highlights local investor confidence amid regulatory tightening and market volatility, positioning Brazil as a key growth area in Latin America’s crypto landscape. Brazil’s crypto inflows reached $2.4 million despite $2.03 billion global redemptions, led […]
Bitcoin serves as a powerful hedge against inflation and declining purchasing power caused by expanding fiat money supplies and financial crises. With its fixed 21 million coin supply, Bitcoin preserves value over time, enabling better savings and social mobility for individuals facing economic erosion. Bitcoin’s capped supply counters inflation by maintaining scarcity, unlike fiat currencies […]
The Myriad Walrus integration stores all media on-chain via Walrus’s developer platform, creating an immutable record for prediction markets. This enhances verifiability in DeFi and AI applications, ensuring tamper-proof data for outcomes, payouts, and provenance in a fully decentralized setup. Myriad’s shift to on-chain storage replaces hybrid models, boosting trust and auditability in prediction markets. […]
Aave has launched the first DeFi savings app offering up to 6.5% yield with $1 million deposit protection per account, bridging crypto and traditional banking security while promoting global accessibility and higher returns than conventional options. Aave’s new savings app provides up to 6.5% APY on stablecoin deposits, insured against platform risks. The app marks […]
Baidu’s third-quarter revenue fell 7% to 31.17 billion yuan ($4.38 billion), driven by an 18% slump in its online advertising business amid China’s economic challenges. However, non-marketing revenue grew 21% to 9.3 billion yuan, fueled by strong demand for cloud and AI services. Baidu’s ad revenue dropped 18% year-over-year to 15.3 billion yuan due to […]
The Ethereum Kohaku privacy framework is an innovative open-source SDK unveiled by Vitalik Buterin to bolster network-wide confidentiality. It equips developers with modular tools for creating secure wallets featuring stealth addresses and selective disclosure, addressing critical gaps in Ethereum’s privacy infrastructure during its vital last-mile development phase. Kohaku provides modular privacy tools enabling developers to […]
Circle xReserve enables USDC as universal collateral for minting new stablecoins across blockchains, unifying liquidity and reducing fragmentation. This infrastructure supports direct transfers without bridges, enhancing security and efficiency for DeFi projects. USDC-backed stablecoins can now be created using Circle’s new tools, ensuring compliance and transparency in digital asset issuance. Projects gain seamless interoperability between […]
The latest US jobless claims data for the week ending October 18 shows 232,000 initial claims, signaling a softening labor market that could influence cryptocurrency markets by heightening expectations for Federal Reserve rate cuts, potentially boosting investor risk appetite in assets like Bitcoin and Ethereum. Initial jobless claims rose to 232,000, well above recent lows […]
Bitcoin is approaching a liquidity cliff as leverage unwinds rapidly in the crypto market, potentially leading to increased volatility around the $93,000 level. This structural shift stems from forced deleveraging rather than panic, with Ethereum futures open interest dropping by half, signaling broader risk reduction. The crypto market faces a sharp deleveraging cycle driven by […]