Grayscale’s Pandl Says Strategy’s $3B Bitcoin Sale Could Restore Confidence

Zach Pandl, head of research at Grayscale, said he hopes Strategy will sell at least $3 billion in Bitcoin to cover most of the company’s cash obligations for the next two years. In a Saturday X post, Pandl argued that the move may restore market confidence in the company’s capital structure. Contrary to his hopes,…

StarkWare Launches Zero-Knowledge KYC Demo on Starknet

Zero-knowledge scaling company StarkWare has introduced Private KYC on Starknet, enabling users to complete know-your-customer requirements without revealing their full personal information.  The system, announced Tuesday as a demo, uses STRK20 privacy features and zero-knowledge STARK proofs to let users prove specific attributes, such as being older than 18 or holding valid credentials, without revealing…

Former Ethereum Foundation Contributor Warns of ‘Slow-Burning’ Funding Crisis

Former Ethereum Foundation contributor Trenton Van Epps warned that Ethereum is facing a core development funding crisis that will highlight the need for new funding sources in the next three to nine months. The former contributor wrote in a blog post on Thursday that the Ethereum Foundation’s spending reduction and the expiration of the Client…

BTC price news: Bitcoin under $60,000 on track for a rare back-to-back quarterly loss

Bitcoin dipped below $60,000 over the weekend, trading around $59,940 on Sunday, down 0.6% over 24 hours and nearly 7% on the week, per CoinDesk data, as a quarter of selling neared its final days. The altcoins again led the way down. Ether fell 9.5% on the week to about $1,567, dogecoin dropped 11.7% to…

South Korean Authorities Fine Bithumb $136K over Sharing User Information Overseas

South Korean cryptocurrency exchange Bithumb was order to pay a $136,000 fine after it was found to have breached personal information protections rules when it sent user data overseas. In a Thursday notice, the country’s Personal Information Protection Commission (PIPC) said that its investigation into Bithumb found that the exchange had “transferred personal information overseas…

Bitcoin UTXO Signal Points to Bear Market Bottom

Analysis of Bitcoin unspent transaction outputs (UTXOs) shows that investors are capitulating, a pattern that has historically coincided with bear market bottoms.  The ratio of the number of UTXOs spent in profit versus at a loss has fallen to its lowest level this bear market cycle, said CryptoQuant analyst known as Darkfost on Saturday.  This…

Sequencer Bug Caused Two Base Network Outages in a Week

A sequencer bug was responsible for two outages of the Coinbase layer-2 network Base last week, according to a post-mortem.   The Base engineering team said in a Saturday post-mortem that they identified a bug in sequencer block-building logic that allowed “stale journal state” to persist after a transaction validation failure.  “An invalid transaction was received…

Ethlabs Launches to Scale Ethereum for Institutions

Former Ethereum Foundation contributors and Ether treasury firms Bitmine and Sharplink have backed a new research and development nonprofit that aims to make Ethereum ready for institutional use. Sharplink said on Monday that the organization, Ethlabs, was formed to “ready Ethereum for the next phase of institutional adoption,” with the company pitching in with Bitmine,…

ASIC Extends No-Action Relief for Digital Asset Firms

The Australian Securities and Investments Commission (ASIC) has given digital asset businesses another three months to apply for licenses required under its updated regulatory guidance. Australia’s financial regulator said that the temporary protection from enforcement would remain in place until Sept. 30, pushed from the previous June 30 deadline. The extension applies to businesses seeking…

BTC price analysis: Why a selloff in gold and silver is dragging bitcoin down

The ongoing artificial intelligence stock frenzy has pulled in capital from across the market, from traditional metals, considered the safest assets, to crypto, considered the riskiest. Gold dropped below $4,000 for the first time since November earlier this week, silver has lost more than half its value from its high, and bitcoin has slipped to…