Securitize (SECZ), BlackRock’s tokenization partner, slides 40% after SPAC debut

“There is no major negative fundamental catalyst that we can see,” Dorman said. “These kinds of big movements are common after SPACs because the entire investor base turns over from fixed-income-oriented SPAC buyers to new, fundamentally driven long-term equity owners.” SPAC merger tickers are often volatile in their early days of trading. These vehicles raise…

How Bitcoin Could Reuse Signatures Across Compatible UTXOs

This is Part 3 in the technical article series about Bitcoin covenants by Cointelegraph Research. To read the previous article click here.  SIGHASH_ANYPREVOUT, as proposed in BIP 118, builds on the earlier SIGHASH_NOINPUT concept mentioned in the 2015 Lightning Network paper by Joseph Poon and Thaddeus Dryja, and later formally proposed by Joseph Poon on…

Nigel Farage Resigns as MP Amid Crypto ‘Gift’ Scandal, Will Stand in By-Election

Nigel Farage, the leader of the UK’s Reform party, announced that he would resign as a member of Parliament and stand in the by-election that could replace him. On Tuesday, Farage announced that he would resign as MP representing Clacton in response to what he called “foul means” by established politicians. The UK lawmaker’s resignation…

Bitcoin Sticks to $63,000 as John Bollinger Eyes a ‘Critical Point’ for BTC price

Bitcoin (BTC) circled $63,000 after Tuesday’s Wall Street open as chip companies led a dip in US stocks. Key points: Bitcoin attempts to hold $63,000 after seeing its highest levels in two weeks. US stock markets see a correction on the day SpaceX joins the Nasdaq-100. Bollinger Bands creator John Bollinger continues to eye a…

Analysts see more upside for SpaceX as post-IPO research begins

Wall Street analysts have begun coverage of SpaceX (SPCX) following the expiration of the 25-day quiet period after the company’s June initial public offering (IPO), with nearly every major brokerage launching their coverage with a bullish rating. The aerospace and satellite company, which held 18,712 bitcoin BTC$63,651.01 as of March 31, went public in June,…

MiCA-Compliant Euro Stablecoin Market Hits $674M: Decta

The market capitalization of compliant euro stablecoins grew 128% in the year leading up to the end of the Markets in Crypto-Assets Regulation (MiCA) transition period, according to payments infrastructure firm Decta. Decta said in a Sunday report that the combined market cap of eight MiCA-compliant euro stablecoins rose to $673.9 million on June 28,…

EU Parliament Adopts Digital Assets Policy Position After MiCA Deadline

EU lawmakers on Tuesday adopted a position paper on digital assets, setting out their view on how the bloc should approach crypto regulation after the rollout of its Markets in Crypto-Assets (MiCA) framework. The paper calls on the European Commission to assess whether activities including decentralized finance (DeFi), crypto lending and borrowing, staking and non-fungible…

Bitcoin NUPL Bottom Not Yet in Sight With BTC Due New Lows

Bitcoin (BTC) has further to fall for one of its “cleanest cycle clocks” to signal a bear-market bottom, new analysis says. Key points: One of Bitcoin’s “cleanest cycle clocks” suggests that new macro lows are needed this bear market. The NUPL metric is still in positive territory, setting it apart from previous bear markets. Analysis…

Injective CEO on Layer-1 Centralization Risk

Layer-1 blockchains will come under increasing pressure to sacrifice decentralization for speed and efficiency as adoption of the technology grows, according to Injective CEO Eric Chen. This pressure will come from the need to satisfy users’ desire for faster speeds or more block space for higher throughput, Chen told Cointelegraph’s Chain Reaction podcast on Monday. …

Trader Loses $2 Million From Malicious DEX incident

A trader who swapped $2.01 million worth of Ether on a decentralized exchange has been left with just $14,500 worth of tokens after a router directed the order through a low-liquidity pool, allowing an Ethereum block builder to profit massively from a same-block arbitrage trade. The trader swapped 1,126.44 of Ether (ETH) but only received…