Author: John Smith
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The debate over when AI will arrive on blockchains has been settled. It’s already here. In 2024 alone, bots accounted for around 90% of stablecoin transaction volume. And on networks like Gnosis Chain, AI agents now generate more than half of Safe smart account activity. Summary Crypto is becoming a machine economy — AI agents already dominate onchain activity, turning blockchains into infrastructure primarily used by autonomous systems rather than humans. AI widens the security arms race…
Gold’s vertical spike to fresh records is Peter Schiff’s proof that U.S. stocks sit in a “historic bear market” once priced in ounces, not dollars, and that central banks are quietly replacing the greenback with metal. Summary Gold briefly hit about $5,590 before closing near $5,414, logging the largest single‑day dollar gain in its history. Schiff notes the Dow has fallen from roughly 17.9 ounces of gold in 1999 to about 9 today, arguing nominal equity highs mask deep real losses. As the Fed pauses, central banks keep buying around 60 tons of gold per month, while regulators tighten crypto…
Ethereum Foundation adopts a five‑year “mild austerity” plan, reallocating 16,384 ETH and refocusing on core protocol, privacy, and open, verifiable systems. Summary Vitalik Buterin confirms withdrawal of 16,384 ETH to fund long‑term core Ethereum development under a leaner structure. The Foundation will run a five‑year “mild austerity” program to preserve independence while prioritizing scalability, security, and decentralization. Focus areas include secure open‑source hardware, privacy tech like zero‑knowledge systems, encrypted messaging, and local‑first operating systems. The Ethereum Foundation announced a multi-year austerity program designed to balance development priorities with long-term financial sustainability, according to a public statement from co-founder Vitalik Buterin.…
The crypto market tanked over 6% on Friday, as nearly $1.7 billion worth of leveraged crypto positions were wiped out. Summary Over $1.7 billion in leveraged crypto positions were liquidated in the past 24 hours. Crypto investors reacted to a number of geopolitical tailwinds and concerns around Microsoft’s Q2 earnings report. According to data from CoinGlass, the crypto market experienced the liquidation of $1.71 billion worth of leveraged positions in the past 24 hours. The majority of this wipeout came from long positions, which accounted for nearly $1.59 billion of the total. The scale of the event is more startling,…
Ethereum price slid out of its recent consolidation range near $2,800 on as renewed exchange-trade fund outflows and weak trader positioning weighed on short-term sentiment. Summary Ethereum broke below a key consolidation zone as ETF outflows returned. Derivatives data pointed to traders cutting risk rather than adding leverage. Technical signals show growing downside pressure below key resistance. Ethereum was trading at $2,739 at press time, down 8% over the past 24 hours. The second-largest cryptocurrency is now down 8% over the past week and nearly 10% over the past month, even as 24-hour trading volume jumped 81% to $42.8 billion,…
Crypto prices today fell sharply, with Bitcoin sliding below key support levels as heavy liquidations rippled across derivatives markets. Summary Bitcoin and major altcoins moved lower amid heavy liquidations. Derivatives data points to leverage being flushed from the market. Sentiment dropped into extreme fear as risk-off pressure built amid macro pressures. The total crypto market cap dropped about 5% to $2.9 trillion. Bitcoin fell 5.8% over the past 24 hours to trade at $88,887 at press time, while major altcoins moved lower in tandem. Solana slid 6% to $115, Zcash dropped 8% to $33.7, and Sui fell 4.2% to $1.30.…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple launches Ripple Treasury to boost XRP payment infrastructure as Arc Miner expands XRP-based revenue tools. Summary Ripple Treasury boosts XRP’s enterprise role as Arc Miner expands XRP-based income for users. Arc Miner aligns with Ripple’s vision, offering automated XRP cloud mining and daily payouts. From institutions to individuals, Ripple Treasury and Arc Miner strengthen XRP’s payment ecosystem. Ripple launched Ripple Treasury, an enterprise-grade innovative solution designed to improve the efficiency of global corporate finance operations. The Arc Miner…
Donald Trump Jr. on Wednesday celebrated a major milestone for the Trump family’s crypto empire, hailing the dollar-pegged USD1 stablecoin after it surged past a $5 billion market capitalization less than a year after launch. Trump Jr., a co-founder of World Liberty Financial, posted a screenshot from CoinMarketCap on X to mark the achievement, calling USD1 “built in America” and “adopted by serious institutions.” His brother Eric Trump, also a co-founder, echoed the celebration as USD1 climbed to become the fifth-largest stablecoin globally, overtaking PayPal USD and Ripple USD. USD1 just reached a $5B market cap.Built in America, designed for…
Metaplanet Inc. approved a $127 million capital raise to accelerate its Bitcoin-buying strategy, but investors balked at the dilution, sending the stock down about 3.5% on the day. Summary Metaplanet will issue 24.53 million new shares at ¥499 each through a third-party allotment, raising roughly ¥12.24 billion ($127 million). Most of the funds will go toward buying Bitcoin over the next two years. Cantor Fitzgerald placed the offering with offshore institutional investors including Anson Opportunities Master Fund, Alyeska Master Fund, and Brookdale Global Opportunity Fund. The Japan-based firm will issue 24.53 million new shares at ¥499 each through a third-party…
The UAE has officially entered the stablecoin race. Universal Digital Intl Limited on Thursday launched USDU, the country’s first central bank–approved stablecoin, giving it a regulatory edge over Circle’s USDC as competition heats up in the region. Summary Universal Digital launched USDU, giving it a regulatory advantage over Circle’s USDC for settling digital-asset transactions in the country. USDU is the only stablecoin officially recognized for full compliance with UAE settlement rules. The UAE wants to become a global crypto hub amid new offerings from players like Tether and Fidelity. Registered directly with the Central Bank of the UAE, Universal Digital…