Author: John Smith

Bittensor price rallied over 100% in March, boosted by growth in subnet utility and a high-profile endorsement by Nvidia CEO Jensen Huang. Summary Bittensor price surged over 100% in March, driven by growing subnet utility, AI model advancements, and a high-profile endorsement from Jensen Huang. Subnet ecosystem growth pushed cumulative token valuation close to $1.5 billion, reinforcing demand for TAO through staking and participation mechanisms. Technical indicators remain bullish, with price holding an ascending channel and targeting $400, while a drop below $300 could trigger a deeper correction. According to data from crypto.news, Bittensor (TAO) price rallied over 121% to…

South Korea’s Naver Financial has delayed plans for its share swap with crypto exchange Upbit’s parent firm Dunamu. Summary Naver Financial has delayed its share swap with Dunamu by nearly three months, with a shareholder vote set for Aug. 18 and completion now expected on Sept. 30. The deal remains subject to regulatory approvals and could face further delays or cancellation, with South Korea’s Digital Asset Basic Act also likely to influence the timeline. According to a regulatory filing with the country’s Financial Supervisory Service, Naver said it will hold a shareholder vote on Aug. 18, following which it will…

Bitcoin ETFs snapped a four-week inflow streak, with over $296.18 million in outflows recorded over the last week. Summary Spot Bitcoin ETFs recorded $296.18 million in weekly outflows, ending a four week inflow streak that had brought in more than $2.2 billion BlackRock’s IBIT led the redemptions, with $225.5 million withdrawn on Friday, contributing to over $396 million in outflows across the final two trading days. Spot Ether ETFs also saw $206.58 million in weekly outflows, extending losses to a second consecutive week. According to data from SoSoValue, spot Bitcoin ETFs posted $296.18 million in net outflows after four weeks…

Decentralized lending protocol Aave has officially launched on Ethereum layer 2 X Layer. Summary Aave has launched on X Layer, enabling OKX Wallet users to lend, borrow, and earn yield directly on the network without bridging assets. X Layer, developed by OKX, has seen limited growth so far, with about $25 million in total value locked. According to the official announcement, the launch will allow OKX Wallet users and DeFi participants to directly supply assets, borrow against collateral, and earn yield on the network without having to use a separate wallet or bridge assets across chains. X Layer was developed…

Lido’s decentralized autonomous organization has proposed a one-off buyback of its governance token to support price levels amid a prolonged downturn. Summary Lido DAO has proposed a one-off buyback of up to 10,000 stETH, about $20M, to accumulate LDO amid what it calls a significant valuation gap. The token is trading roughly 63% below its two-year median against Ether and remains down 95.9% from its all-time high. According to a governance proposal submitted by the Lido Ecosystem Operations team, the plan would allocate up to 10,000 stETH from the DAO’s treasury for Lido DAO to accumulate LDO (LDO). At current…

Peter Van Valkenburgh has warned that the crypto industry may lose a rare chance to secure clear legal protections in the United States.  Summary Van Valkenburgh said CLARITY would protect developers from crackdowns driven by politics, discretion, and fear. The Senate stalled the bill as banks and crypto firms clashed over stablecoin yields rules. Without legislation, crypto firms could rely on guidance that another US administration may reverse later. His comments came as the CLARITY Act remained stuck in the Senate, leaving the sector exposed to future policy changes if Congress does not turn current guidance into law. Van Valkenburgh,…

Google is preparing to support a large data center project in Texas that Anthropic has leased, as major AI companies race to secure more computing power in the United States.  Summary Google is expected to help finance Anthropic’s Texas campus as AI infrastructure demand keeps rising. The Nexus site could deliver 500 megawatts by late 2026 and expand to 7.7 gigawatts. A federal judge blocked the Pentagon from branding Anthropic a supply-chain risk during litigation now. The project links a fast-growing AI developer with one of its biggest cloud partners at a time when Anthropic is also fighting a legal…

BNP Paribas is widening its digital asset offering in France by adding six crypto-linked exchange-traded notes for retail investors.  Summary BNP Paribas will launch six Bitcoin and Ether ETNs for clients in France on Monday. Clients can access crypto price exposure through securities accounts without buying or storing Bitcoin directly. The launch extends BNP Paribas’ digital asset push after tokenized fund and blockchain bond activity. Meanwhile, the move gives clients access to Bitcoin and Ether through regulated market products without requiring direct crypto custody. The launch also adds to the bank’s wider blockchain and tokenization activity across Europe. BNP Paribas…

Onchain commodity trading is drawing more attention as traders look for round-the-clock access to oil, gold, and index products.  Summary Hyperliquid recorded $5.4 billion in macro perpetual volume as silver, oil, gold and indices led. Weekend access kept onchain markets open while traditional commodity venues stayed closed to active traders. Thin liquidity and wider spreads still keep onchain commodity trading below institutional size and execution. Recent volume data shows that demand is rising, but limited liquidity still keeps traditional markets ahead in scale and execution. Hyperliquid’s HIP-3 market reached a new record on March 23. The platform posted about $5.4…

Bitcoin held above $66,000 through most of the weekend, even as some traders expected sharper moves.  Summary Bitcoin stayed above $66,000 for 36 hours after rebounding from Friday’s four-week low near $65,500. Major altcoins showed limited movement, while Bitcoin dominance slipped to 56% and market cap stalled. SIREN surged 13% to $1.80, while PI rebounded above $0.18 after recent weakness. The steady action followed a volatile week that pushed the asset from near $72,000 to a four-week low before it recovered. Most large-cap altcoins tracked Bitcoin’s calmer pace. Ethereum, XRP, Solana, and BNB posted only small moves, while a few…