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…

Fidelity Defends Bitcoin’s Long-Term Security Model

Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time. The report, authored by Fidelity research analyst Daniel Gray, reiterated the view that Bitcoin’s security depends on more…

Standard Chartered Extends Tokenization Thesis to Aave Lending

Banking giant Standard Chartered has identified Aave as a potential beneficiary of tokenized assets as they move into decentralized finance (DeFi), saying the protocol could rebuild its position as a dominant onchain lending platform. In a Wednesday research note, Geoff Kendrick, the bank’s global head of digital assets research, said active tokenized assets in DeFi…

Ethereum Foundation Lays off 54 Employees as Buterin Reveals 40% Budget Cut

The Ethereum Foundation (EF) has laid off 54 employees, roughly 20% of its workforce, as part of a major organizational restructuring. According to a blog post published Tuesday, the EF will reorganize around five specialized clusters covering protocol, access, user, community and institutional work. The Foundation said the changes are intended to concentrate resources on…

US Senators Push to End CFTC ‘Assault’ on State Oversight of Prediction Markets

A group of 17 Democratic US senators is pressing leadership in a key committee to address the Commodity Futures Trading Commission (CFTC) using federal funds in lawsuits against state-level authorities cracking down on prediction markets. In a Wednesday letter to the chair and ranking member of the Senate Appropriations Subcommittee on Financial Services and General…

Bitcoin Below $59K Activates Multiple Setups With $54K BTC Price Target

Bitcoin (BTC) dropped below $60,000, a key psychological support, on Thursday as losses in megacap technology stocks weighed on investors’ broader risk appetite, adding pressure to an already fragile crypto market. BTC/USD vs. Nasdaq and S&P 500 daily performance chart. Source: TradingView The decline has triggered a classic bearish reversal setup that may push the…