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A Bitcoin-blockchain based decentralized finance (DeFi) project debuted a stablecoin fully backed by bitcoin tokens as part of its effort to build a financial system centered on the largest and oldest cryptocurrency.Elastos, developer of the BeL2 protocol, unveiled its bitcoin dollar (BTCD) on Wednesday.The project aims to create a
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In the search for stable, scalable yield on-chain, real world assets (RWAs) have become a cornerstone of digital asset strategies. Tokenized treasuries and private credit brought off-chain yield on-chain, delivering much-needed stability and quickly emerging as one of the strongest-performing segments in crypto.Top crypto categories by market caphttps://www.coingecko.com/en/categories#key-statsHowever, much of
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Avalanche struggled to maintain short-term momentum, with trading patterns showing a descending channel formation despite attempts to stabilize around key support levels, according to CoinDesk Research technical analysis model. The token has fallen 1.4% in the last 24 hours to $18.43 while the CoinDesk 20 — an index of
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Polkadot encountered substantial selling pressure, dropping as much as 5% before rebounding and potentially forming a double bottom pattern that points to continued upward movement, according to CoinDesk Research's technical analysis model.After initially attempting to establish an uptrend with a peak at $3.787, DOT encountered strong resistance and formed
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Key points:Bitcoin sees light relief as US President Trump reveals that Iran had been in touch.Trump calls Fed Chair Jerome Powell “stupid” as markets see no chance of an interest-rate cut at the June 18 FOMC meeting.Order books show BTC price action ripe for liquidity grabs.Bitcoin (BTC) returned to $105,000
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Coinbase Derivatives is expanding its partnership with clearinghouse Nodal Clear to bring Circle’s USDC stablecoin into US futures markets as eligible collateral.On Wednesday, the companies announced that USDC will now be accepted as collateral for margined futures trading, a move designed to encourage stablecoin adoption in regulated derivatives markets.The integration
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At a recent Bitcoin conference in Las Vegas, there were so many government and TradFi attendees that Bitcoin purists are starting to worry they’re losing their peer-to-peer digital cash system to the “suits.” From BlackRock’s initial move for a
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Compute Labs, a startup that turns the industrial-grade GPUs that power AI data centres into fractionalized yield-bearing tokens, and enterprise AI cloud firm NexGen Cloud, have joined forces to begin distributing ownership of a $1 million "public vault," the companies said on Wednesday.The power and profitability of AI infrastructure are
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The wider promise of stablecoins, cryptocurrencies whose value is tied to another asset, has remained elusive until now due to regulatory uncertainty, broker Canaccord said in a research report Wednesday. The passage of the GENIUS Act in the U.S. Senate changes everything, it said.The legislation, whose full name is Guiding
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