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Tracks blockchain projects from inception to their latest updates and major milestones. By covering project financing, partnerships, and product upgrades, it helps investors stay informed about the latest industry trends and developments.

Critical Moments in Bitcoin: Cost Zones That Demand Attention Have Been Identified!

Analytics firm Glassnode reported that reduced expectations for U.S. interest rate cuts, along with pricing in possible rate hikes, have suppressed risk appetite in the cryptocurrency market. The Fed's interest rate decisions are crucial for market direction. U.S. Treasury yields have surpassed returns from crypto carry trades, leading investors to favor cash and low-risk interest-bearing instruments over crypto assets. A strong U.S. dollar further weakens marginal demand for crypto. Bitcoin is currently trading below its most intensive cost basis level, with approximately $69,000 identified as the breakeven zone and significant resistance for short-term investors. For a stronger recovery, Bitcoin needs to reclaim the $69,000 threshold with increased trading volume. Renewed active demand for spot Bitcoin ETFs is also deemed critical. According to Glassnode, the current Bitcoin decline represents the shallowest bear market in terms of price drawdown depth to date. However, based on previous cycle durations, this downturn may not be over yet. Spot trading volumes have fallen to multi-year lows, and sell-side order books have thinned, though many buy orders are placed significantly below current prices. Glassnode's risk indicator, Vector, signaled "risk off," suggesting a capital preservation mindset. The current market structure is being driven more by macroeconomic factors like monetary policy, bond yields, and dollar strength than by crypto-sector developments. Losing Bitcoin's support range of $62,000-$68,000, coupled with renewed exchange inflows, could negate the recovery scenario. Conversely, more favorable monetary policy, increased trading volume, a Bitcoin recovery above $69,000, and a resumption of spot ETF buying could signal a market turnaround.

cryptonews.ru7h ago

Critical Moments in Bitcoin: Cost Zones That Demand Attention Have Been Identified!

cryptonews.ru7h ago

X Money Service Launched in 41 States as Elizabeth Warren Warns Elon Musk's Banking Ambitions Pose a Risk

Elon Musk's X (formerly Twitter) has broadly launched its financial service, X Money, across the United States. Previously in limited beta, it is now available nationwide to all Premium and Premium+ subscribers, moving out of invite-only mode. The service integrates a deposit account, peer-to-peer payments, and a debit card (virtual and optional physical) directly within the X app. Key features include 6% APY for Premium+ users (with conditions for Premium), 3% cashback on card purchases, fee-free international transfers and peer-to-peer payments, and a $15 welcome bonus. Deposits are held through partner Cross River Bank, extending FDIC insurance coverage up to $10 million per account. X has obtained money transmitter licenses in 41 states and Washington D.C., but approvals are still pending for New York and Massachusetts. The expansion faces regulatory scrutiny, notably from Senator Elizabeth Warren. She warned that Musk's management of X poses risks to consumers and financial stability if applied to X Money and criticized a perceived loophole in the 2025 GENIUS Act that could let companies like X issue stablecoins with fewer restrictions. Currently, X Money operates solely with fiat currency, with no confirmed crypto integration. However, analysts like Grayscale's Zach Pandl suggest a deeper move into cryptocurrencies is an inevitable next step for the platform's financial ambitions.

cryptonews.ruYesterday 13:01

X Money Service Launched in 41 States as Elizabeth Warren Warns Elon Musk's Banking Ambitions Pose a Risk

cryptonews.ruYesterday 13:01

Zcash Developers Recommend Upgrading Nodes to Ironwood Fork

The Zcash Foundation has released Zebra 6.0.0 and recommends all node operators upgrade to the Ironwood fork. This update introduces a new shielded pool and version 6 transaction format. The change was prompted by a vulnerability discovered in the old Orchard pool that could have allowed an attacker to create counterfeit $ZEC undetected. Developers patched the vulnerability in June, finding no evidence of exploitation, though Zcash's privacy architecture prevents absolute certainty. Ironwood utilizes the Orchard action structure and Halo2 proof system. It adds a separate note commitment tree, a nullifier set, a network value pool, and network history data. After activation, nodes can track the new pool independently from Orchard. Zebra also updates node commands for operators to verify pool and commitment tree states. This upgrade is critical, as older software will not follow the correct chain post-activation. Ironwood's key protection mechanism is a "turnstile" between the Orchard and new pools. Once activated, Orchard will stop accepting new outputs and internal transfers. Funds can be withdrawn, but an accounting rule prevents withdrawing more $ZEC from Orchard than was legitimately deposited. This design allows public auditing of the circulating supply without revealing private balances or transaction details, with any excess capital becoming locked inside Orchard. Zcash had scheduled this hardfork for July 28 after developers confirmed the patched bug raised inflation concerns.

cryptonews.ru2 days ago 16:36

Zcash Developers Recommend Upgrading Nodes to Ironwood Fork

cryptonews.ru2 days ago 16:36

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