Blockchain-based lending protocol Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital, as investors bet that credit markets will increasingly move onchain. The round also included Apollo Funds, Circle Ventures, VanEck and Ledger Cathay, according to a post on the Morpho blog. Morpho operates an open
Bitcoin, which experienced a drop of approximately $18,000 in about 10 days, is the subject of much debate regarding the reasons for its decline. While some argue that Strategy’s sell-off was the main reason for the decline in Bitcoin, others claim that these sales were not the primary cause of the drop. At this point,
Bitcoin’s recent weakness is being driven by softer capital flows rather than concerns over quantum computing or other risks, according to Wall Street broker Bernstein. Growing concerns that future quantum computers could eventually break the cryptography underpinning Bitcoin have become a recurring topic in crypto markets, especially after recent research from Google suggested the computational
The line between traditional finance (TradFi) and crypto is disappearing, with tokenization consistently a dominant narrative of the digital asset industry for a number of years. Edwin Mata, CEO and founder of tokenization platform Brickken, projects that Wall Street will run entirely on blockchain technology by 2030. Mata told CoinDesk that tech industry buzzwords like
BlackRock is closely watching Wednesday’s May U.S. inflation report for the first clear signal of how the U.S.-Iran conflict is feeding into already sticky prices. “We look to May U.S. inflation figures for a clearer read on how the Mideast conflict energy shock is impacting already sticky inflation. The full breadth of the shock has
Bitcoin has carved out a relief bounce after plunging below $60,000 on Friday, but a bounce and a bullish revival are two very different things. The latter hinges on a couple of key price levels, according to analysts. “The market has become oversold enough for sharp relief rallies, especially if inflation data softens and ETF
The leading cryptocurrency, Bitcoin ($BTC), recently fell below $60,000 and remains at a critical juncture. Although the price briefly rose above $64,000, it has since fallen back to around $62,000, and Fidelity has released a report analyzing the current situation. Fidelity Digital Assets stated in its latest analysis that short-term and long-term indicators differ for
SpaceCoin (SPACE), the decentralized satellite internet project, has initiated public testing for SpaceRouter Onion, a next-generation decentralized private internet architecture designed to enhance user privacy by routing browsing traffic through a path of three independent relay nodes. The system ensures that no single node can simultaneously identify both the user and their destination, employing multiple
Metaplanet has reiterated that share buybacks remain a potential capital allocation tool after its mNAV ratio fell to 0.92x, a level the company says could support accretive purchases for shareholders. According to a June 9 post from Metaplanet CEO Simon Gerovich, Bitcoin Yield remains the company’s primary performance metric, with capital allocation decisions evaluated through
THORChain has moved into the next phase of its recovery from the May 15 vault exploit. Validators are now reviewing version 3.19.0, which combines security patches with the ADR-028 loss-recovery plan. The release also introduces a mechanism that can quarantine a compromised vault. THORChain said this would stop an affected vault from processing transactions while