Everything web3, crypto, defi, degen
In brief $442 million worth of crypto liquidations have been recorded over the past 24 hours, most which were long positions. It comes as the majority of the crypto market is in the red, with major coins including Bitcoin, Ethereum, and Solana down on the day. Only four non-stablecoins are in the green over the…
In brief A new Web3 streaming protocol has launched based on the AIOZ Network. AIOZ Stream aims to combine high-quality, low-latency streaming with fair remuneration for creators. Content is distributed to users in a peer-to-peer environment through AIOZ Network’s global DePIN. A new Web3 streaming protocol promises to give creators full ownership of their content—and…
In brief Aster is the flavor of the week for crypto degens, up a staggering 2,180% in just seven days. The Aster token today surged another 19% to $2.35, breaking above key resistance levels with strong volume. How high will Aster go? Technical indicators and prediction market data show mixed signals. After a choppy start…
In brief North Korean hackers compromised Web3 gaming incubator Seedify’s cross-chain bridge, draining $1.2 million across BNB Chain networks. The attack exploited a developer’s private key to mint unauthorized SFUND tokens through an audited bridge contract that should have prevented such minting. Blockchain sleuth ZachXbt linked the theft addresses to past North Korean “Contagious Interview”…
In brief Binance Chain has overtaken Hyperliquid in 24-hour perpetual volume, helped along by new DEX Aster. The surge in investor interest surrounding BSC DEXs is not a phase and is likely to persist, experts told Decrypt. Binance Chain validators have proposed a tenfold reduction in gas fees in a bid to improve the DEX…
In brief Former California Assembly majority leader Ian Calderon has vowed to put Bitcoin on California’s balance sheet and back crypto payments for state programs as part of his bid for governor. Calderon previously pushed blockchain policy through AB 2658 and worked with the Satoshi Action Fund. Current bills, AB 1180 and AB 1052, stop…
In brief The crypto market continues to struggle today, extending yesterday’s losses. Bitcoin has dropped below $112,000, with the market flashing bearish signals. Meanwhile, there’s one coin in the top 10 currently defying trends and turning heads: BNB. The crypto market, including Bitcoin, is today still dealing with the effects of yesterday’s massive liquidation cascade,…
In brief Bitcoin futures open interest dropped $1.25 billion to $80.8 billion over recent days, which analysts view as a healthy market reset that purged excessive leverage rather than a bearish warning. The drawdown is considered a temporary cooldown following volatility peaks and large liquidations, with Bitcoin maintaining key support around $112,000. Future market direction…
In brief Ethereum founder Vitalik Buterin praised Coinbase’s L2 network Base for “doing things the right way” by balancing centralized UX improvements with Ethereum’s decentralized security. Base has grown to hold $15 billion in assets since debuting in August 2023, though it peaked above $16 billion earlier this year. Critics argue Base’s centralized aspects could…
In brief Bitcoin and Ethereum ETFs recorded combined outflows of $439.1 million on Monday, with Bitcoin funds losing $363.1 million and Ethereum products shedding $76 million. The market saw $376.20 million in crypto liquidations in the last 24 hours. Analysts view the outflows as profit-taking and de-leveraging, with Friday’s PCE report seen as pivotal for…
