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Ethereum’s staking system is under mounting pressure as withdrawals outpace new deposits, with the exit queue reaching its highest level.
Validator queue data shows that as of Aug. 27, more than 1,023,560 ETH, worth roughly $4.6 billion, had been lined up for withdrawal from staking. By contrast, only 580,637 ETH, valued at about $2.6 billion, is waiting to be added to the network.
Meanwhile, the...
Bitcoin investors with long-term positions are realizing profits at levels not seen in nearly a decade, according to blockchain analytics firm Glassnode.
Data from the firm shows that long-term holders have realized roughly 2.37 million BTC in profit during the ongoing 2024–2025 cycle. At current prices, that equates to about $260.7 billion.
This is the highest realized profit since the 2016–2017...
The cryptocurrency world is buzzing with excitement as BTCC, the world’s longest-running cryptocurrency exchange, has launched its most exciting trading competition yet. Partnering with NBA All-Star Jaren Jackson Jr., this collaboration brings together the thrill of professional basketball and the high-stakes world of crypto futures trading.
A Championship-Level Partnership
BTCC has named Memphis...
Google Cloud has taken its first major step into blockchain infrastructure development with the launch of the Google Cloud Universal Ledger (GCUL), a Layer 1 network designed to support faster payments and settlement across borders.
The initiative places Google directly in the path of global financial institutions seeking scalable ways to handle digital money and tokenized assets.
Currently, the...
MetaMask introduced a social login feature on Aug. 26, allowing users to create and manage crypto wallets using Google or Apple accounts.
According to the announcement, the initiative aims to eliminate the complexity of traditional 12-word seed phrases in its latest crypto adoption initiative.
The self-custodial wallet service streamlined wallet creation into two steps: signing in with a Google o...
Commerce Secretary Howard Lutnick announced the Department of Commerce will begin issuing GDP and other economic statistics on blockchain during a White House cabinet meeting on Aug. 26.
Positioning the technology as a government-wide data distribution tool, Lutnick told President Donald Trump:
“The Department of Commerce is going to start issuing its statistics on the blockchain, cause you [...
Standard Chartered said Ethereum (ETH) and the companies holding it in their treasuries remain undervalued, even as the second-largest crypto surged to a record $4,955 on Aug. 25.
Geoffrey Kendrick, the bank’s head of crypto research, said treasury firms and exchange-traded funds have absorbed nearly 5% of all Ethereum in circulation since June. Treasury companies bought 2.6%, while ETFs added 2....
XRP futures became the fastest contract in CME Group history to cross $1 billion in open interest (OI), achieving the milestone in just over three months.
CME Group reported its crypto futures suite surpassed $30 billion in notional open interest for the first time, with XRP and Solana futures each crossing the $1 billion threshold. Additionally, Ethereum reached the OI record of $10.5 billion....
Canary Capital filed the first S-1 registration statement for a TRUMP memecoin exchange-traded fund (ETF) with the SEC on Aug. 26.
The “Canary Trump Coin ETF” filing marks a departure from earlier mutual fund approaches, utilizing Form S-1 under the 1933 Securities Act rather than the N-1A investment company registration form used by competitors Tuttle Capital and Rex Osprey.
Form S-1...
Donald Trump Jr. joined Polymarket’s advisory board as his venture capital firm 1789 Capital made a strategic investment in the prediction market platform, according to an Aug. 26 announcement.
Polymarket did not disclose the financial terms of the investment from 1789 Capital, which describes itself as dedicated to funding American exceptionalism.
The announcement stated that the partnership...