The term “Ethereum layer-2” is generally thought to mean that a chain inherits Ethereum’s security. But the line has always been blurry, and remains so, especially with the rise of OP Stack chains that use alternative data availability (DA) layers. These so-called “Optimiums” settle to Ethereum but post data elsewhere, introducing some additional trust-assumptions. Toghrul
The cryptocurrency appears to have stabilized around $114K, but the same can’t be said for the stock market, which edged lower as tech stocks continued to underperform. Traditional Markets Plunge, But Bitcoin Remains Steady Bitcoin ( BTC) hovered around $114K on Wednesday afternoon while stocks fell across all major indices for a second consecutive day.
Shares in leading publicly traded crypto companies and digital asset treasuries like Strategy (MSTR) and Coinbase (COIN) dropped after the opening bell on Wednesday before rebounding to 1.95% and 0.5% gains, respectively. But over the last month the pair have experienced extended losses, falling nearly 20% and 27% respectively. They’re underperforming crypto majors like Bitcoin
Kraken is plugging its tokenized equities directly into one of the world’s busiest payment rails. By deploying xStocks on Tron, it’s aiming its Nasdaq-in-a-token product at a massive, global user base already moving billions in USDT daily. Summary Kraken and Backed are launching xStocks on the Tron blockchain. Tron processes $22 billion in daily settlements
The crypto trader who goes by the address 0x15b3 has been on the radar of the market, as he has generated a profit of over 48 million in the past four months. The successful trades he executed involved several tokens and demonstrated how lucrative this approach can be in a volatile crypto market when a
A closely followed trader known for calling the market cycle top in 2021 predicts that Bitcoin (BTC) and gold will continue to mount rallies. The pseudonymous trader known as Dave the Wave tells his 153,100 X followers that gold remains trading within a key range and may soon print a bullish retest of an upward
Hawkish remarks from the Federal Open Market Committee’s late July meeting have — for the moment — put the kibosh on the crypto market’s modest attempt at a rally on Wednesday. “A majority of participants judged the upside risk to inflation as the greater of these two risks,” read the Fed minutes regarding the committee’s
During a recent appearance on CNBC’s “Closing Bell,” Bill Miller, chairman of Miller Value Partners, stated that he was bullish on small caps. “So, from our perspective, you want to actually own small caps cyclicals and you want to be very aggressive here,” he said. Miller has stated that he is a believer in the
Bitcoin and Ethereum traded flat on Wednesday after the Federal Reserve released its July meeting minutes. Markets expected volatility, but the crypto market showed little reaction. The Federal Open Market Committee (FOMC) left rates unchanged at 4.25%–4.5% in July. The minutes confirmed that Fed Governors Christopher Waller and Michelle Bowman dissented, preferring a 25 bps
This is a segment from The Drop newsletter. To read full editions, subscribe. Arbitrum’s gaming investment group is offering Ronin up to 750,000 ARB spread across three consecutive years to join them as an “Orbit” chain. Currently, that’s worth about $367,500, which doesn’t seem like a whole lot. But in this down-and-out gaming market, maybe