ETH Hits ‘New Normal’ as On-Chain Activity Surges

Key takeaways: Ethereum’s onchain activity is structurally higher, signaling durable growth. Institutional inflows and RWA tokenization are major catalysts for ETH demand. Technicals suggest a potential bottom near $4,100 to $4,250. Ether’s (ETH) onchain activity has entered what analysts termed a “new normal,” with sustained network engagement and rising institutional flows providing the clearest fundamental…

Democrats Implement Counter-Measure to Restrict DeFi Protocols

Despite previously supporting a crypto market structure bill, several Democratic Senators have reportedly introduced a counter-proposal that could see decentralized finance protocols placed on a “restricted list” if deemed too risky. This move, among others, it proposed could “kill DeFi,” according to its critics. The Senate Banking Committee Democrats sent a proposal to the committee’s…

BNB Chain Memecoin Season Hits Wall As Coin Prices Fall 30%

Key takeaways: Binance’s new “Meme Rush” launchpad promotes fair launches but triggered a sell-off as traders await new launches. A single wallet controlled large token amounts, fueling manipulation concerns and steep price declines. Low liquidity and inflated volumes amplified the memecoin sell-off across the BNB Chain ecosystem. Multiple BNB Chain memecoins tumbled more than 30%…

BNB Chain Memecoin Season Hits Wall As Coin Prices Fall 30%

Key takeaways: Binance’s new “Meme Rush” launchpad promotes fair launches but triggered a sell-off as traders await new launches. A single wallet controlled large token amounts, fueling manipulation concerns and steep price declines. Low liquidity and inflated volumes amplified the memecoin sell-off across the BNB Chain ecosystem. Multiple BNB Chain memecoins tumbled more than 30%…

BCP, BitGo Launch Peru’s First Regulated Crypto Pilot

Peru’s banking regulator has authorized a pilot crypto platform, marking the country’s first regulated foray into digital assets. The project, dubbed Cryptococos, will allow select clients of Banco de Crédito del Perú (BCP) to buy and hold Bitcoin and USDC under BitGo’s custody. To participate in the pilot, users must register, prove a minimum banking…

Filecoin (FIL) Drops as Much as 7% as Selling Pressure Intensifies

FIL$2.2742 fell as much as 7% in the last 24 hours, tumbling from $2.39 to $2.23, according to CoinDesk Research’s technical analysis model. The model showed that the token posted a $0.19 range representing 7.9% volatility. Sellers dominated at the $2.41 resistance level as transaction volume exploded to 5.92 million tokens traded, crushing the 3.42…

$75B in Crypto May Be Recoverable

As the United States and other countries weigh the prospect of building national cryptocurrency reserves, new research from Chainalysis suggests governments may already be within reach of tens of billions of dollars in potentially recoverable onchain assets — a development that could intersect with those reserve discussions. In a report published Thursday, Chainalysis estimated that…

Ethereum Devs Unveil Kohaku Roadmap to Boost Wallet Privacy and Security

Ethereum developers unveiled Kohaku, a roadmap that aims to improve wallet privacy and security through a modular framework designed for developers and advanced users. The project, announced in a Thursday blog post by Ethereum Foundation coordinator Nicolas Consigny, outlines plans to build a set of privacy and security primitives for the Ethereum ecosystem. At its…

ShapeShift Rolls Out Support for Shielded Zcash Transactions

Multichain DEX aggregator Shapeshift announced support for shielded (private) transactions with the Zcash privacy cryptocurrency. According to a Thursday announcement shared with Cointelegraph, ShapeShift’s self-custodial decentralized exchange (DEX) aggregator and self-custodial wallet now support Zcash (ZEC) shielded transactions. The announcement comes as Zcash Community Grants allotted $50,000 to support ShapeShift’s technical and marketing investments. According…

BTC Sets New $123K Value Zone After Leverage Flush

Key takeaways: Bitcoin retained range-bound trading above $120,000 after an 8% leverage reset in futures. Spot demand and declining open interest point to renewed buyer confidence. The MVRV ratio signaled a potential 15% to 25% upside, targeting $140,000 to $150,000 by the end of Q4. Bitcoin (BTC) continued to range trade between $120,000 and $125,000…