Bitcoin hovered around the $69,000 level as global markets reacted to escalating geopolitical tensions and rising energy prices. While digital assets showed relative stability, traditional safe havens like gold and silver experienced sharp declines, reflecting broader investor uncertainty. Market Reaction to Oil Spike and Inflation Concerns Oil prices moved back toward $100 per barrel following renewed attacks on energy infrastructure in the Middle East. The surge has intensified inflation fears, prompting expectations that central banks may delay interest rate cuts or maintain tighter monetary policy for longer. Equity markets also weakened, with major indices sliding to new lows for the…
Author: Tristan Lodenberg
Ryde Group has announced a shift toward a crypto treasury strategy, allocating part of its corporate reserves into digital assets. The company plans to invest in Bitcoin, Ethereum and Solana, with allocation decisions to be determined by an internal governance team. The move reflects efforts to diversify treasury management amid an evolving macroeconomic environment. Structured Oversight and Custody Measures Ryde stated that its crypto holdings will be managed through a third-party custodian. An investment committee will oversee portfolio decisions, while a separate risk management team will ensure compliance and safeguard assets. The company emphasized flexibility in treasury operations as a…
Animoca Brands has announced a strategic investment in Ava Labs, aiming to accelerate adoption of the Avalanche blockchain across Asia and the Middle East. The partnership focuses on supporting projects through capital deployment, advisory services and business development, particularly in high-growth digital asset markets. Focus on Real-World Assets and Digital Identity The collaboration will target key sectors including real-world assets, digital identity and entertainment. By leveraging its extensive network, Animoca plans to help Avalanche based projects scale and connect with institutional users. Developers will also gain access to funding opportunities and integration support to expand their applications. Strengthening Regional Blockchain…
Nasdaq listed browser maker Opera (OPRA) has proposed replacing its cash-based deal with Celo with a 160 million CELO token allocation. If approved by token holders, this would make Opera a major stakeholder, representing roughly 27% of Celo’s circulating supply and 16% of its maximum supply of 1 billion tokens. Strategic Role of MiniPay The move underscores Opera’s commitment to Celo, particularly through its self-custodial crypto wallet MiniPay. Since its 2023 launch, MiniPay has achieved 14 million registrations and processed over 420 million transactions across 66 countries. The wallet allows users to hold funds directly, send stablecoins via phone numbers,…
OP_NET has introduced a decentralized finance stack designed to run directly on Bitcoin’s base layer without relying on bridges, wrapped assets, or separate gas tokens. The platform uses standard Bitcoin transactions, allowing users to execute smart contracts with BTC as the only fee currency. The approach is described as “SlowFi,” reflecting Bitcoin’s slower block times and higher transaction costs compared to other networks. Native Transactions and Taproot Integration According to co-founder Frederic Fosco, applications operate through Taproot-based Bitcoin transactions. The system’s NativeSwap model enables token swaps without wrapping BTC or introducing additional tokens. Transactions typically cost between $1 and $2…
Galaxy Digital research head Alex Thorn emphasized that while quantum computing poses a real threat to Bitcoin, the current risk is limited. Only wallets with exposed public keys such as those reusing addresses or using older formats are potentially vulnerable. Analysis from Project Eleven suggests roughly 7 million BTC, worth around $470 billion, could fall under long exposure definitions, though most Bitcoin remains secure under today’s known quantum capabilities. Developer Efforts Focus on Quantum-Resistant Solutions Developers are actively working on solutions, including post quantum cryptography address types and phased upgrade proposals. These initiatives aim to allow safe migration of funds…
Ether (ETH) fell 7% to $2,100 on Thursday, liquidating approximately $144 million in long positions across exchanges. A break below the critical $2,000 support level could trigger over $2.5 billion in additional long liquidations, according to CoinGlass data. The 50-day simple moving average near $2,100 serves as a key technical level for market participants. US-based spot ETH exchange-traded funds (ETFs) recorded $55.5 million in net outflows on Wednesday, snapping a six-day inflow streak. The combination of ETF selling and leveraged position liquidations has contributed to increased volatility in the ETH market, putting further pressure on bulls to defend key support…
The European Central Bank (ECB) has opened applications for experts to join workstreams under its Rulebook Development Group (RDG) focused on integrating a potential digital euro with ATMs, payment terminals, and existing acceptance infrastructure. The initiative aims to define how the central bank digital currency (CBDC) would operate across current payment rails, emphasizing offline transactions and interoperability with European standards. Implementation Specifications and Certification Frameworks One workstream will create implementation specifications for ATM and terminal providers, covering communication protocols, offline functionality, and compatibility with existing payment systems. The second workstream will develop proposals for testing, certification, and approval processes for…
U.S. spot Bitcoin ETFs recorded $163.5 million in outflows on Wednesday, ending a seven-day inflow streak that brought in approximately $1.2 billion. The reversal came as Bitcoin fell below $71,000 after briefly trading above $75,000 earlier in the week, signaling weakening market momentum. The Fidelity Wise Origin Bitcoin Fund led outflows with about $104 million, followed by iShares Bitcoin Trust ETF at $34 million. Prior to the decline, Bitcoin ETFs were nearing positive year-to-date flows, falling just short by roughly $100 million. Altcoin ETFs Mirror Negative Sentiment The downturn extended to altcoin ETFs, with Ethereum funds seeing around $56 million…
The payments sector is moving deeper into artificial intelligence as Visa and Stripe-backed Tempo unveiled new tools designed for AI-driven transactions on the same day. Visa’s crypto division introduced an experimental command-line interface called Visa CLI, aimed at enabling AI agents to execute secure, same-day payments directly during coding workflows. Visa CLI Targets Secure Programmatic Transactions The Visa CLI tool allows developers to grant AI agents the ability to complete payments without relying on traditional API keys, which often carry security risks. By removing sensitive credentials from the process, the system aims to reduce the likelihood of data leaks while…
