Ripple-backed OUSD launch hit by fake issuer scam on XRP Ledger
The launch of the Ripple-backed Open USD (OUSD) stablecoin has been overshadowed by a suspected fake issuer account that XRP Ledger validators have warned users not to trust. Summary XRP Ledger validators have warned users about a suspected fake OUSD…
Standard Chartered Becomes First Major Bank to Offer Direct Stablecoin Services
Institutions will be able to combine custody, banking and stablecoin services through a single onboarding process. Standard Chartered has become the first global systematically important bank (G-SIB) to let institutional clients mint and redeem USDC directly through its banking…
Matt Hougan says Bitcoin bottom may be near ahead of fall rally
Bitwise CIO Matt Hougan has said Bitcoin may be moving closer to a market bottom as Strategy’s STRC stress drains excess leverage from the market. Summary Bitwise CIO Matt Hougan says the STRC unwind could signal Bitcoin is nearing a…
Solana Governance Proposals Just Gave Stakers Override Power – Huge for SOL?
In Solana news today, the Solana Foundation has launched Solana Governance Proposals (SGPs), a fully on-chain governance system that lets validators submit major protocol questions to a stake-weighted network vote, and for the first time, gives individual SOL stakers a…
Pi Network (PI) News Today: July 2
Here’s a breakdown of the most important recent developments across Pi Network and its ecosystem. Pi Network rarely stays out of the spotlight, as the Core Team consistently rolls out ecosystem upgrades and major announcements. Yet despite the steady…
What is realized price? Bitcoin’s on-chain cost basis
Market price tells you what Bitcoin is worth right now. Realized price tells you what the market actually paid for it. When spot falls below that line, the whole market is underwater, and history says that is where bottoms tend…
Is Metaplanet In Trouble? Holdings Hit 43,000 BTC as Income Revenue Falls 41% in Q2
Metaplanet added 2,823 BTC to its Bitcoin treasury on July 2, lifting total holdings to exactly 43,000 BTC, while its Bitcoin Income Generation business posted a -41% quarter-over-quarter revenue decline, putting a different kind of pressure on the Tokyo-listed firm’s…
Staking Surge Tightens Supply, But Negative Sentiment Still Dominates Ethereum
Ethereum is having a tough time at the moment, with sentiment at rock bottom, but underlying supply dynamics paint a different picture. Ethereum has a “wall of worry” where negative sentiment is meeting staking absorption, reported CryptoQuant on Tuesday….
Bitcoin miners are selling: is capitulation here?
Public miners have dumped Bitcoin at a record pace, hashprice has collapsed to post-halving lows, and older machines are switching off. That is the textbook definition of capitulation. The harder question is whether it marks a bottom or the start…
Crypto News Today (July 2): BTC Can’t Reclaim $60K, Solana Sets Fresh Network Records, June Crypto Losses Top $76M
In crypto news today (July 2), Bitcoin is sitting at $58,600, down another -1.2% over the past 24 hours as July continues to lean bearish for crypto. However, there was a brief rally overnight, which caused daily liquidations to spike…
