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View More NewsWhen Zero Network announced it was shutting down last month, the reaction across crypto was weary: Another Ethereum layer-2 just bit the dust.The closure joined a growing list of struggling rollups and came amid renewed debate about whether Ethereum’s sprawling layer-2 ecosystem has become too crowded. At the same time, Ethereum creator Vitalik Buterin has urged developers to rethink the network’s long-term scaling roadmap, while several major projects have shifted away from marketing themselves as general-purpose blockchains and toward more focused applications in payments, stablecoins and tokenized assets.To many observers, the developments have revived a familiar question: Has Ethereum’s sprawling…
Stablecoin depegs are a recurring feature of crypto bear markets. And the latest candidate is apxUSD, the preferred equity-backed stablecoin of the Apyx protocol.As market leader bitcoin BTC$64,040.41 fell sharply in the past 24 hours, reaching lows under $63,000 at one point, apxUSD briefly slipped to as low as 93 cents, deviating from its 1:1 dollar peg, according to CoinMarketCap.apxUSD’s depeg. (CoinMarketCap)The stablecoin is primarily backed by preferred equity issued by digital asset treasury firms, specifically Strategy’s STRC shares, which carry a $100 par value.The protocol purchases those shares, collects the dividend they pay and distributes the yield to onchain…
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In the summer of 2014, my wife and I were forced to flee our hometown of Donetsk after it was occupied by Russia. We left with a couple of suitcases containing everything we had managed to pack in a hurry. Our apartment, our belongings, our family ties were abandoned forever. One of the least practical things I brought with me to Kyiv was a copy of Nassim Nicholas Taleb’s 2012 book, Antifragile. I imagined that it would help pass the time on the journey, but the train was too crowded and I was too anxious to read it. I rediscovered…
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Key points:Bitcoin risks falling below $65,000, but lower levels are likely to attract solid buying by the bulls.HYPE, ZEC and XLM look strong on…
In brief Crypto fell alongside U.S. stocks as renewed military conflict in the Middle East pushed Brent crude to a 12-day high of $96…
Bitcoin BTC$62,801.32 extended losses early Thursday, falling to $63,000 for the first time since February 24. The cryptocurrency has lost over 14% this week…
Fintech company Revolut plans to offer stablecoins through its future US bank, Reuters reported Wednesday, citing comments from the company’s US CEO, Cetin Duransoy.Duransoy…
Bitcoin’s BTC$65,441.45 recent struggles to rise in tandem with U.S. stocks has sparked a wave of explanations, from concerns about Michael Saylor’s Strategy (MSTR)…
Ether (ETH) dropped to $1,814 on Wednesday, its lowest in over 14 weeks, raising concerns about whether the ETH/USD pair can stabilize above key…
In brief The price of Cardano (ADA) fell to a more than five-year low on Wednesday as Bitcoin and other top coins sank. Founder…
Bitmine Immersion Technologies (BMNR), the largest corporate holder of ether (ETH), is staring at nearly $9 billion in losses as the token’s slide below…
[Update (June 3 at 8:01 pm UTC): This article has been updated to include a response from Fairshake in the fourth paragraph.]Democratic and Republican…
In brief Law professors preferred AI-generated contract law answers over those written by fellow professors about 75% of the time. AI responses were flagged…
Democrats criticized President Donald Trump for starting a war with Iran. Now some of them are criticizing him for trying to end it. “This…
Another crypto-focused political action committee, the Defend Developers PAC, has joined the field of campaign-funding operations that have in recent years put the industry…