‘Fat Apps’ May Lead Crypto Narrative In Coming Months: Bitwise

A new thesis that argues that most crypto value today is captured in apps, rather than blockchains, is gaining popularity with the rise of Hyperliquid and could shift investor behavior over the next few months, a crypto executive says. “All the cool kids are talking about the ‘fat app’ thesis. Feels like that could be…

Weak PPI Leads To Bitcoin, Altcoin Rally

Key points: Bitcoin rallied above $114,000 on Wednesday as markets cheered the softer-than-expected inflation figures. Several major altcoins have broken above their overhead resistance levels, signaling the resumption of the up move.  Bitcoin (BTC) rallied above $114,000 after the August Producer Price Index (PPI) came in below consensus estimates. The softer-than-expected inflation figures and the…

48,781 Nepalis Download Jack Dorsey’s Bitchat Amid Social Media Ban

Over 48,000 Nepalese people downloaded Block CEO Jack Dorsey’s peer-to-peer messaging app, bitchat, amid a series of violent protests over corruption and a short-lived social media ban earlier this week. It followed a similar uptick in downloads in Indonesia last week after corruption-related protests erupted, according to Bitcoin open-source developer “callebtc,” who is working on…

Bitcoin Bollinger Bands Set Up For Explosive Move

Key takeaways: Bitcoin’s Bollinger Bands indicator reached a critical turning point for bulls. Bitcoin’s cup-and-handle pattern targets $300,000, backed by multiple tailwinds. A Bitcoin indicator used by traders to assess volatility has reached a critical turning point, suggesting that a significant price move may be underway. Crypto trader and analyst Matthew Hyland noted that Bitcoin’s…

Native Markets Leads Early Voting for Hyperliquid’s USDH Stablecoin Contract

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. The first signs of how validators are leaning in Hyperliquid’s hotly…

Polygon Fixes RPC Node Bug, Restoring Network Consensus

The Polygon Foundation, the organization that oversees development of the layer-2 scaling network in the Ethereum ecosystem, said on Wednesday that consensus and finality functions have been restored, following a software bug that caused some nodes to fall out of sync with the blockchain. Polygon successfully executed a hard fork following the software bug that…

Bitcoin Bollinger Bands Set Up For Explosive Move

Key takeaways: Bitcoin’s Bollinger Bands indicator reached a critical turning point for bulls. Bitcoin’s cup-and-handle pattern targets $300,000, backed by multiple tailwinds. A Bitcoin indicator used by traders to assess volatility has reached a critical turning point, suggesting that a significant price move may be underway. Crypto trader and analyst Matthew Hyland noted that Bitcoin’s…

StarkWare Announces 1MB Bitcoin Verification of Entire Block Header History

StarkWare, a company specializing in zero-knowledge (ZK) technology, a way of verifying information without revealing the specific contents of that information, said it created a ZK verification of the Bitcoin (BTC) blockchain that can run on mobile devices. The proof contains all the Bitcoin block headers from the genesis block until the present, but not…

Polygon Fixes RPC Node Bug, Restoring Network Consensus

The Polygon Foundation, the organization that oversees development of the layer-2 scaling network in the Ethereum ecosystem, said on Wednesday that consensus and finality functions have been restored, following a software bug that caused some nodes to fall out of sync with the blockchain. Polygon successfully executed a hard fork following the software bug that…

Alabama State Senator Warns GENIUS Act Could Harm Small Banks

Keith Kelley, a Republican state senator representing Alabama’s 12th district, is sounding the alarm for the potential impact of the federal stablecoin bill, the GENIUS Act, two months after it was signed into law by US President Donald Trump. In a Wednesday op-ed for 1819 News, Kelley said there was a loophole in the GENIUS…