Ink, a Layer 2 (L2) blockchain launched by U.S. crypto exchange Kraken in December 2024, saw its total value locked (TVL) surge by nearly 3,800% in less than two weeks, climbing from $6.42 million on Oct. 15 to nearly $249 million as of press time. Ink TVL. Source: DefiLlama However, data from DefiLlama shows that
Pharos, a programmable open financial Layer 1, has officially integrated the Chainlink standard from the first day of its mainnet launch. The project selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its canonical cross-chain infrastructure, ensuring secure and reliable cross-chain value transfer and messaging. Pharos has also adopted Chainlink Data Streams to support the development of
Digital asset investment products saw inflows of $921 million last week, according to CoinShares, as optimism about U.S. interest rate cuts revived investor appetite for crypto-linked funds. The inflows followed several volatile weeks marked by uncertainty around U.S. fiscal policy and limited macroeconomic data during the ongoing government shutdown. Digital asset investment products saw inflows
American Bitcoin (ABTC), the publicly traded Bitcoin treasury and mining company backed by Eric Trump and Donald Trump Jr., has added 1,414 Bitcoin currently worth $163 million to its holdings, according to an announcement on Monday. Miami, Florida-based American Bitcoin, a subsidiary of Hut 8 Corp. that debuted in April, now has 3,865 Bitcoin worth
Finbold turned to artificial intelligence (AI) to project an average Bitcoin (BTC) price target for the end of 2025 following the news that Mt. Gox, a defunct cryptocurrency exchange, would postpone repayments to its creditors by another year. Entities associated with Mt. Gox still control around 34,689 BTC, valued at around $3.98 billion as of
Bitcoin (BTC), Ethereum (ETH), and other leading cryptocurrencies extend their gains on Monday following a positive weekend. Bitcoin added over 3% to its value in the last 24 hours to briefly hit the $116k mark earlier today. The positive performance comes amid improving market sentiment, with top analysts now expecting further gains in the coming
Digital asset lender Ledn has reported a record quarter for its Bitcoin-backed credit products, as more investors chose to borrow against their holdings amid the ongoing crypto bull market. The company originated $392 million in Bitcoin (BTC)-backed loans during the third quarter, pushing year-to-date originations past $1 billion. Since its inception, Ledn has issued more
The cryptocurrency world is buzzing with a significant forecast from a major financial institution. The Standard Chartered bank, through its crypto research analyst Geoffrey Kendrick, has made a bold statement regarding the future trajectory of the Bitcoin price. Kendrick suggests that Bitcoin might never again dip below the crucial $100,000 mark, provided the market maintains
The health sciences company Prenetics Global Limited has announced an oversubscribed $48 million public equity offering, potentially reaching $216 million in total proceeds through warrant exercises, to fuel the global growth of its wellness brand IM8 and advance its bitcoin treasury initiative. Prenetics Raises $48M to Fuel IM8 Growth and Bitcoin Treasury Push The Prenetics