XLM Consolidates After Sharp Decline, Testing Key Support Levels

Stellar’s native token XLM weathered intense volatility over the past 24 hours, plunging to key support levels before staging a robust rebound. The moves, marked by unusually heavy institutional trading activity, underscored the market’s focus on the $0.36–$0.37 support zone as traders weigh the prospects of a breakout toward higher targets. During the Asian trading … Read more

Melee Raises $3.5M to Launch ‘Viral Prediction Markets’ Without Gatekeepers

Melee, a new prediction market startup that says speculation and betting should be as open as online discussion, has raised $3.5 million from Variant, DBA and a group of angel investors to roll out what it calls “Viral Markets.” Crypto native companies have witnessed the runaway success of Polymarket, the digital asset betting platform that … Read more

The Web Needs a Better Model

More than ever we are at the mercy of platform-based giants like Google and Amazon, who act as digital landlords. We have become cloud-serfs, giving our data and producing trillions in value for algorithms we will never own. Over 80% of Netflix viewing is dictated by its recommendation algorithm, and Amazon is far from a … Read more

Advancing Private Credit with On-Chain Rails

Private credit, namely asset-backed finance (ABF), is among the fastest-growing corners of global finance. Already a $6.1 trillion market, Apollo Global Management sizes the addressable opportunity at over $20 trillion. Yet despite its scale and growing role in financing businesses and consumers worldwide, the industry still runs on excel sheets. The result? Middle- and back-office … Read more

Ether Treasuries Are Going Mainstream: Crypto Investment Firm Bitwise

Bitwise Asset Management says ether (ETH) is rapidly cementing its place as a treasury asset. Digital asset treasuries (DATs), once largely bitcoin-centric, are now allocating to ether at scale, creating structural demand that exceeds net new supply, the firm said in a Monday report. “ETH treasuries are no longer a side story. They are becoming … Read more

The Protocol: Ethereum Developers Target December for Fusaka Hard Fork

Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Ethereum Developers Target December for Fusaka Hard For Plasma to Launch Mainnet Beta Blockchain for Stablecoins XRP Holders Can Now Earn Up to 8% Through New Liquid Staking Token … Read more

CZ, YZi Labs Refute Report of Opening $10B Investment Company to External Investors

Binance co-founder Changpeng “CZ” Zhao has refuted a report by the Financial Times which said YZi Labs could be opened up to external investors. Zhao said the Tuesday report was “false news…with with fake/wrong/made-up info and negative narrative,” in a post on X. “As far as I know…YZi Labs is not raising an external fund,” … Read more