Solana stablecoin positioning threatens ‘extreme’ SOL volatility

Investors’ stablecoin positioning on the Solana network and a key technical chart pattern threaten more volatility for the Solana token, which may see a decisive moment for its price action. Solana’s transport layer saw “extreme” volatility in trading the Tether’s USDt (USDT) stablecoin, which may indicate that traders are repositioning in search of new investment … Read more

Community slams Crypto.com CEO over 70B CRO re-issuance

Major cryptocurrency exchange Crypto.com came under fire following an allegedly manipulated vote leading to a massive token burn reversal on Crypto.com’s Cronos blockchain. Crypto.com CEO Kris Marszalek took to X on March 19 to highlight the firm’s financial and regulatory stability amid the ongoing controversy over the 70 billion Cronos (CRO) token re-issuance. Essentially canceling … Read more

Bitcoin futures ‘deleveraging’ wipes $10B open interest in 2 weeks

Bitcoin (BTC) exchanges are getting a key “deleveraging event,” which should shape future gains, new research says. In one of its “Quicktake” blog posts on March 17, onchain analytics platform CryptoQuant revealed a $10 billion capitulation on Bitcoin futures markets. Bitcoin sees “essential” event for BTC price rebound Bitcoin derivatives traders have flipped firmly risk-off … Read more

Minnesota senator proposes Bitcoin Act after going from skeptic to believer

Minnesota state Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, which he drafted after completely changing his stance on Bitcoin. “As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller said … Read more

EOS Network rebrands to Vaulta in shift to Web3 banking

The EOS Network, a blockchain that launched in 2018 amid the initial coin offering boom, has rebranded to Vaulta and will pivot to focusing on Web3 banking.  The switch to Vaulta is tentatively scheduled for the end of May and will include a new token and the establishment of an advisory group known as the … Read more

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