EigenLayer to cough up around 28M more EIGEN after airdrop backlash
EigenLayer is handing out an extra 100 to 110 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop.
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DeFi lending and borrowing, explained
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Tether surpasses XRP by market cap again
But XRP isn’t competing with Tether. Tether (UDST), the world’s largest stablecoin by market capitalization, has again surpassed major altcoin XRP.On Sept. 1, Tether surpassed XRP as the third-largest cryptocurrency by market cap, becoming the second-largest altcoin after Ether (ETH).As of press time, USDT market cap accounts for more than $13.4 billion, according to data…

3 signs Bitcoin price is forming a potential ‘macro bottom’
Bitcoin (BTC) could be in the process of bottoming after gaining 25%, based on several market signals. BTC's price has rallied roughly 25% after dropping to around $17,500 on June 18. The upside retrace came after a 75% correction when measured from its November 2021 high of $69,000.BTC/USD daily price chart. Source: TradingViewThe recovery seems modest, however,…

Coinbase and Ripple Push for Regulatory Framework, US Congress Stalls
A new working group, spearheaded by senior employees of Ripple and Coinbase, is going to advise United States regulators on crypto-friendly policies. But congresspeople are too busy preparing for the upcoming elections, which means that U.S. crypto firms will have to continue hula-hooping through state-by-state regulations in the near future. Earlier this month, a D.C.-based advocacy…

GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO
Grayscale Investments' boss, Michael Sonnenshein, said that if GBTC got the green light to "convert" to a spot Bitcoin ETF there would "no longer" be a discount or a premium, amid ongoing legal action against the SEC. 570 Total views 8 Total shares Own this piece of history Collect this article as an NFTGrayscale Investments'…

The battle between DeFi, CeFi and the old guard
We aren’t taught real economics in school. We learn, instead, voodoo economics. For example, rarely — if ever — do professors present us with the valuable insights highlighted by the Austrian school of economics. Individuals, therefore, need to break their conditioning to understand how the financial world works. The truth of how the financial system was…

US Bitcoin reserve would have ‘profound’ impact on adoption: CoinShares
The Bitcoin Act’s passage could eventually send BTC’s price past $1 million per coin, industry executives say.

Crypto Exchange Seed CX Launches On-Chain Wallet Solution for Institutional Investors
Crypto exchange Seed CX — a Chicago-based licensed platform targeting institutional clients — has launched a digital asset wallet solution with on-chain settlement, according to a press release published Jan. 10. Seed CX has reportedly developed the new wallet solution together with its settlement subsidiary, Zero Hash — a crypto and fiat currency custodian providing…