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Maple Finance has deployed its liquid yield-bearing stablecoin, syrupUSDC, on the Solana network using Chainlink’s Cross-Chain Interoperability Protocol, introducing new capital strategies and institutional lending primitives into one of crypto’s most liquid ecosystems. Maple’s native SYRUP token jumped 8% on the launch news, holding a market cap of nearly $420 million. The integration allows...
Quantum security concerns continue to ripple through digital asset markets following BlackRock’s recent warning about cryptographic vulnerabilities in Bitcoin and Ethereum, driving renewed attention to quantum-resistant infrastructure. Quantum Resistant Ledger (QRL), one of the few blockchain networks purpose-built for a post-quantum future, has seen its native token rise over 33% in the past...
Aave has launched Umbrella, a fully on-chain staking-based risk management system designed to replace its legacy Safety Module with a more automated and capital-efficient framework. Built by BGD Labs and ratified by Aave governance, Umbrella allows users to stake interest-bearing aTokens, such as aUSDC, aWETH, and GHO, to provide real-time, automated coverage for bad debt across the Aave Protocol...
In the past 24 hours, crypto markets witnessed a massive liquidation wave totaling $979.72 million, with long positions overwhelmingly impacted. The day closed out as the largest liquidation event since February, when nearly $3 billion in both longs and shorts were liquidated within 48 hours. Here’s how it breaks down: Longs Liquidated: $873.05M (≈89.12%) Shorts Liquidated: $106.67M (≈10.88%)...
Bitcoin briefly dipped to $100,000 before swiftly rebounding to $103,000 in early trading hours Friday, as markets reacted to an explosive social media fallout between U.S. President Donald Trump and Tesla CEO Elon Musk. The confrontation, unfolding in real time across Truth Social and X, was marked by Trump’s threat to revoke federal contracts and subsidies to Musk’s companies, and Musk’s own...
Institutional investors cut Bitcoin (BTC) allocations in US-based spot exchange-traded funds (ETFs) during the first quarter after hedging profits waned and futures premiums compressed, a June 5 CoinShares report showed. The report assessed 13-F filings from asset managers with at least $100 million in assets under management. These investors reported $21.2 billion in Bitcoin ETF exposure as of...
Bitcoin (BTC) is suffering pressure from veteran holders securing gains and must hold the key $95,600 support level to remain bullish if it breaks below six-figures, according to a June 5 report by Glassnode. The report highlighted that after breaking below $103,700, the next major level of support is the psychological price level of $100,000 and failing that $95,600. For now, Bitcoin is holding...
World Liberty Financial (WLFI), the crypto venture associated with President Donald Trump and members of his family, has issued a cease-and-desist letter to the creators of a newly announced Trump-branded crypto wallet, Bloomberg News reported on June 5, citing a person familiar with the matter. The letter, reportedly sent to Fight Fight Fight LLC, the company behind the Official TRUMP memecoin...
Uber is exploring dollar-pegged stablecoins as a tool for transferring funds across its global network, CEO Dara Khosrowshahi said on June 5 at the Bloomberg Tech conference in San Francisco.  Khosrowshahi explained that blockchain-based tokens could settle payments faster than traditional correspondent bank channels and eliminate layers of foreign exchange fees.  He said that stablecoins “have a...
Bitcoin (BTC) plunged to a low of $101,500 on June 5, marking its sharpest decline in over a month as a wave of selling swept through crypto markets. The drop extended a multi-day slide triggered by shifting investor sentiment and declining demand from institutions. The world’s largest cryptocurrency touched a low of $101,500 before stabilizing slightly above $102,000. Bitcoin is now down more...