Base, the Layer 2 blockchain incubated by Coinbase, activated its Azul network upgrade on mainnet this month, marking the chain’s first independent protocol upgrade and a significant step toward Stage 2 decentralization. The upgrade launched on Base Sepolia testnet on April 21 and was targeted for mainnet on May 13, according to a blog post
Recent moves by the Iranian government to Bitcoin for oil tolls as gold overtakes US dollar assets in global central bank reserves signals a “shift away from dollar-based systems,” according to crypto financial services company Fidelity Digital Investments. Tehran’s acceptance of $BTC for oil shipments passing through the Strait of Hormuz represents the emergence of
Crypto trading firm FalconX has confidentially filed a draft S-1 registration statement with the Securities and Exchange Commission (SEC), the initial step toward a potential public listing, according to a person with knowledge of the matter. FalconX has hired Wall Street heavyweight Cantor and other bankers to advise on its initial public offering (IPO), the
Bitcoin is testing a critical support zone between $72,000 and $76,000 on the three-day chart. The level has served as significant resistance, then support, then resistance again over the past year. It is now acting as support once more and how it resolves will define the next major move. Short-term price action shows continued weakness
Popular cryptocurrency market analyst Benjamin Cowen has examined Bitcoin’s (BTC) price movements and historical cycles. Cowen stated that Bitcoin has fallen below the bear market resistance band, a critical threshold on the daily chart, and faces the risk of remaining below the bull market support band (around $74,000, which is the 20-week moving average) on
Strategy Chairman Michael Saylor tried to calm the crypto market amid a decline in prices, posting a meditative photo on his social media with the laconic caption “HODL”, urging investors to hold their Bitcoin despite harsh macroeconomic pressure in the United States and the Bitcoin portfolio of his own company falling into deficit. The main
Major financial institutions are moving deeper into tokenized finance, but the conversation is starting to shift beyond simply bringing assets onchain. Morgan Stanley is among the firms signaling growing interest in blockchain-based financial infrastructure, with CFO Sharon Yeshaya recently highlighting tokenization as an emerging area of focus. The shift reflects a broader recalibration across traditional
Crypto Market Crash Continues Across Major Coins The crypto market is under pressure again, with major coins trading in the red while traditional markets show stronger momentum. Bitcoin is hovering near $73,000, Ethereum is trading close to the critical $2,000 level, and Solana has slipped below $85. The broader market picture also looks weak. $BTC,
Bitcoin [$BTC] has endured a tough second half of May. Earlier this month, the leading crypto marched, seemingly inexorably, past the $80k summit. The bullish price action was at odds with the myriad of on-chain metrics that suggested buyer strength was waning. The short-term upward momentum was also part of a relief rally that the