Bigger Blocks or STARK Proofs? Bitcoin’s Quantum Dilemma

ZK STARKs are the best way to deal with the issues created with making Bitcoin quantum-safe — and to reach mass adoption at the same time — says StarkWare co-founder Eli Ben-Sasson. What’s more, he claims Blockstream founder Adam Back agrees. Ben-Sasson has been in the news this week for his controversial suggestion on X…

Revolut Keeps USDT Outside EEA and Switzerland

Revolut, a crypto-friendly digital banking platform, said its Tether USDt (USDT) delisting will not affect all customers globally. The delisting will affect Revolut customers in the European Economic Area (EEA) and Switzerland, while support for the stablecoin will continue in other markets, a spokesperson for the company told Cointelegraph. Revolut said the decision followed a…

Over $7.2 billion have migrated from LayerZero to Chainlink CCIP as Mantle joins exodus

More than $7.2 billion in cross-chain and wrapped assets have migrated from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) since May, with Mantle becoming the latest project to replace LayerZero for high-value token transfers. Mantle said it is migrating its Super Portal, which it co-developed with Bybit, from LayerZero’s Omnichain Fungible Token (OFT) standard to…

Bitcoin ETF ‘Storm Has Passed’ as $2.7B Outflow Streak Ends: Swissblock

Bitcoin (BTC) institutional demand is “not yet strong” despite positive inflows to the US spot Bitcoin exchange-traded funds (ETFs). Key points: Bitcoin ETF flows reverse a ten-day losing streak, but analysis warns that demand remains weak. An “overwhelming” sell-off is nonetheless over, says Swissblock. Overall BTC demand shows a clear gap between spot and derivatives…

Hyperliquid Leads Push for Onchain Perps Beyond Crypto: Pantera

Perpetual futures are on track to become one of the dominant trading instruments in global finance, with decentralized exchange Hyperliquid demonstrating how blockchain-based infrastructure could challenge traditional markets, according to Pantera Capital. The blockchain-focused asset manager said in a Wednesday X post that perpetual futures offer structural advantages over traditional derivatives, including 24/7 trading, no…

Senate Leaders Urged to Keep Dev Protections in CLARITY Act

US Democratic Senator Ron Wyden has urged Senate leaders to ensure that crypto developer protections stay in the crypto market structure legislation that lawmakers are looking to pass ahead of the midterms. Wyden told Senate Minority Leader John Thune and Senate Majority Leader Charles Schumer to preserve a section of the CLARITY Act known as…

Bitcoin Drops Gains As Bulls Cut Risk Ahead of Fed Minutes Release

Bitcoin (BTC) trades slightly above $62,000 and is down nearly 2% over the past 24 hours amid a risk-off mood across global markets. The pressure is not coming from crypto exclusively and is more so attributed to a sharp selloff in semiconductor and AI stocks.  Renewed profit-taking from Samsung sent Asian markets reeling overnight, and…

Berachain Starts ‘PoL Next’ Hard Fork for Single-Token Economy

Berachain is preparing a hard fork that will replace its dual-token incentive model with one centered on its main BERA token. Set for Wednesday at 4 pm UTC, the hard fork will end Bera Governance Token (BGT) emissions and shift the network’s incentive system to Wrapped BERA (WBERA), the Berachain Foundation announced in a Tuesday…

With MSTR concerns assuaged, look to traditional signals around BTC

In bitcoin BTC$61,873.01’s 4-year cycles, there has always been a distinct driver of selling pressure. In 2018, we saw the promise of crypto running ahead of its skis; the market drove up valuations of crypto projects far beyond their nascent stages of development that led to selling once participants understood the reality. In 2022, leveraged…

BoE Chief Denies Farage Influenced CBDC Policy: Report

Bank of England Governor Andrew Bailey has reportedly denied that lobbying efforts by Nigel Farage influenced the central bank’s approach to a potential central bank digital currency (CBDC), saying policy decisions were made independently. According to a Wednesday report by The Guardian, which obtained a letter written by Bailey, the governor said the BoE is…