Author: Kryptonews

Social media hype over crypto altseason is ramping up again this week as altcoin market indicators have reached their highest levels this year. Both the Blockchain Center and CoinGlass’ altcoin season index show a score of 76 out of 100, while CoinMarketCap’s altseason indicator is slightly lower at 67, though all three show they’re at their highest levels since December. The Blockchain Center criteria for altseason are if 75% of the top 50 crypto assets have performed better than Bitcoin over the last 90 days.Altseason is seen as a period in each bull market where altcoins make meteoric gains compared to…

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Russia needs its own crypto-enabled bank that could help combat illicit transactions and support miners by providing infrastructure for them to cash out their earnings, a member of the country’s government oversight body says.Evgeny Masharov, a member of the Russian Civic Chamber, which examines draft laws, told the state-owned news agency TASS on Tuesday that Russia should follow its ally Belarus in launching a crypto exchange service through a major financial institution.Masharov said the move would “solve a number of current problems,” such as bringing “shadow transactions” into the legal field while also “replenishing the federal budget’s income,” and blocking…

There is apparently a way to get Bitcoin from Earth to Mars in as little as three minutes using already-available technology. We just need someone, or something, to receive it. Late last month, tech entrepreneur Jose E. Puente and his colleague, Carlos Puente, published a white paper unveiling Proof-of-Transit Timestamping — a concept he told Cointelegraph is the missing piece needed to make Bitcoin interplanetary. The concept suggests that when a Bitcoin user wants to send a payment to Mars in the future, the transaction could hop from the user through different stations, such as ground antennas, satellites, or even a relay…

A new thesis that argues that most crypto value today is captured in apps, rather than blockchains, is gaining popularity with the rise of Hyperliquid and could shift investor behavior over the next few months, a crypto executive says.“All the cool kids are talking about the ‘fat app’ thesis. Feels like that could be a dominant theme in the coming months,” Bitwise chief information officer Matt Hougan said in an X post on Wednesday. The fat-app theory suggests crypto applications will absorb more value than the underlying blockchain protocols in the future.Source: Matt Hougan “It’s the kind of thesis that…

Goldman Sachs CEO David Solomon has shot down the notion that the US Federal Reserve will cut interest rates by 50 basis points in September, just days after Standard Chartered Bank made the aggressive forecast.“Whether or not we have a 50 basis cut, I don’t think that’s probably on the cards,” Solomon said during an interview with CNBC on Wednesday. While CME FedWatch Tool data shows just 7.8% of market participants expect such a move at the Sept. 17 Fed meeting, Standard Chartered Bank recently raised its forecast to that level, citing August’s weaker-than-expected jobs report, according to a Reuters report…

MYX Finance (MYX) has responded to fresh concerns raised by Bubblemaps, which alleged that the platform had likely carried out the ‘biggest airdrop Sybil in history.’ The decentralized perpetual exchange released a statement stressing its commitment to fairness and openness. It also addressed questions surrounding wallet activity and participation patterns tied to the token distribution.Sponsored Sponsored MYX Finance Faces Heat Over Airdrop Manipulation Claims MYX Finance has been making headlines recently, thanks to its native token MYX’s price rally. In fact, Google Trends data showed that the search interest for ‘MYX Finance’ spiked to the maximum score of 100 yesterday,…

Ethereum faced a rare mass slashing event with 39 validators penalized due to operator errors tied to the SSV Network. Summary 39 validators tied to SSV Network were slashed after operational errors by Ankr and Allnodes. Each validator lost around 0.3 ETH, with further losses from inactivity leaks. Event highlights risks of validator mismanagement as Ethereum faces high exit queues and market volatility. On Sept. 10, 39 validators were penalized, according to data from blockchain explorer Beaconcha.in. making it one of the largest coordinated slashing events to affect Ethereum (ETH) since the switch to proof-of-stake in 2022. The incident, which…

Crypto in 2025 is no longer just about survival. It is about dominance, timing, and the pursuit of the next exponential opportunity. Investors searching for the top new crypto presales to join in 2025 are watching carefully as fresh projects and established giants battle for attention. On one end, meme-driven projects like BullZilla are rewriting what early adoption means. On another, sustainable chains like Cardano are building for endurance while still battling new challengers. At the very top, Bitcoin is testing the strength of its throne with institutional capital shifting its very foundation. Three names define this moment: BullZilla, Cardano,…

Editor’s Note: This story originally appeared in On Balance, the ARTnews newsletter about the art market and beyond. Sign up here to receive it every Wednesday. The fall art season may have kicked off last week, but it’s not the openings, or even the fairs, that are generating the most talk about the market. Instead, it’s a debate over the coverage of the market. On Sunday, as the Armory Show wrapped up, Artnet News released its mid-year intelligence report, led by a Katya Kazakina analysis titled “The Storm Hits the Art Market: Who’s Getting Swept Away.” The headline was alarmist, and so was the copy.   Related Articles “Not a week…