Author: Kryptonews

Key Takeaways Ethereum’s price surged nearly 50% to over $2,700 after the Pectra upgrade. Abraxas Capital acquired 211,030 ETH valued at approximately $477 million post-upgrade. Share this article Ethereum rallied nearly 50% to over $2,700 after the Pectra upgrade and is now around 6% below what it held when Eric Trump publicly promoted the asset, TradingView data shows.The president’s son voiced bullish sentiment toward Ethereum in a Feb. 3 post, tweeting, “In my opinion, it’s a great time to add $ETH. You can thank me later.” He later edited the statement to remove the last sentence.His post came on the…

Liquidity in crypto markets continues to lag behind traditional finance due to fragmentation, technical design differences, and exposure to external shocks, according to a new report from S&P Global.The study analyzed key liquidity metrics, volume, bid-ask spreads, market depth, and slippage, across centralized and decentralized trading venues for Bitcoin (BTC), Ethereum (ETH), and major stablecoins.The report showed that crypto trading platforms are becoming more efficient but remain fractured across hundreds of markets, with liquidity profiles varying by exchange, asset pair, and trade size.Spot trading volumes on exchanges like Binance still fall well short of traditional venues like the NYSE, and…

A booming ecosystem of developers, gamers, and investors suggests a seismic shift is underway. Could India, a nation already known for its tech prowess, soon claim the title of the world’s Web3 powerhouse? According to the freshly released India Web3 Landscape Report by Hashed Emergent, the signs are pointing to yes. With a projected trajectory to surpass the United States and boast the largest Web3 developer base by 2028, India’s ascent in the decentralized tech space is no longer a distant dream—it’s a tangible reality unfolding now. The third edition of this comprehensive report, unveiled today, paints a vivid picture…

The crypto market has finally recovered, with its global market cap passing $3.42 trillion this morning and bracing for the upcoming bull run.This week, every coin has been rising in value, and many are already trading close to their historical highs.One of them is Bitcoin, which is currently trading at $102,802, only 5.6% off its new all-time high that was set in January of this year. Also, Ethereum has been making lots of noise thanks to its 36.6% increase this week.With established coins nearing new highs, investors are searching for alternative options that could outperform them. That’s why Solaxy ($SOLX)…

Every year, the Ethereum ecosystem welcomes thousands of builders through community events, hackathons, courses, bootcamps, and campus clubs. However, many newcomers struggle to remain engaged, as they face challenges securing structured early-career opportunities. The Ethereum Season of Internships directly addresses this retention gap by creating a coordinated collection of internship opportunities across the ecosystem. What is the Ethereum Season of Internships? The Ethereum Season of Internships offers a coordinated collection of paid, fully remote summer internships across the Ethereum ecosystem. This initiative creates pathways for the next generation of contributors to connect with Ethereum projects and apply their diverse skills…

Non-custodial Bitget Wallet has launched ‘Shop with Crypto’, its novel in-app marketplace that allows users to spend cryptocurrencies directly on goods and services.Per the blog post, the company’s PayFi (Payment Finance) feature will include new functions, namely Pay Direct, Scan to Pay, and Tap to Pay. This, the team argues, will increase both crypto adoption and payment efficiency. Unlike services that convert crypto into fiat, this one allows crypto-native checkout from within the wallet.Moreover, the newly launched in-app shop provides buyers with access to over 300 global brands, the announcement says. This includes digital wallet top-ups, mobile recharges, e-commerce gift…

In a market that has been dominated by the bears, Lightchain AI is offering investors a path of escape. Its presale has hit $20.2 million, with tokens selling at $0.007, making the project one of the best ways for investors to turn their fortunes around in this market cycle. While many coins have been battling the bears, Lightchain AI continues its impressive rise, thanks to its great vision and practical value. As the wider market continues to drop, those looking for hedges are turning to projects that have a real staying power, making Lightchain AI one of the most promising…

Stablecoin issuer Tether bought $458.7 million worth of Bitcoin for Twenty One Capital, a Bitcoin investment firm it backed that’s awaiting the completion of a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners.Tether snapped up 4,812.2 Bitcoin (BTC) at $95,319 each and transferred it to an escrow wallet on May 9, Cantor Equity Partners disclosed in a May 13 filing with the US Securities and Exchange Commission.It brings Twenty One’s total Bitcoin holdings to 36,312 BTC, as Cantor Equity Partners holds 31,500 BTC on behalf of the firm, which will trade under the ticker XXI once the SPAC…

At Phillips New York on Tuesday night, a far less lucrative sale night than 2024 bore out concerns of a cooling market. The house’s modern and contemporary evening sale generated $52 million, around 40 percent below last year’s haul of $86 million at the equivalent May sale. Tuesday’s auction also exactly achieved its pre-sale estimate of $52 million, likely caused by five lots failing to sell. (Another four were withdrawn prior to the sale.) That current state of affairs, however, didn’t stop a handful of breakout moments, including five new records for women artists. While the sale’s top selling artists…

South Korean crypto exchange deregulation proposals could affect the nation’s banking industry, dealing a blow to the likes of K Bank, reports have claimed.South Korea’s Financial Post reported that the Democratic Party, the National Assembly’s biggest party, is currently “considering” issuing a manifesto promise to ditch existing fiat on/off banking rules.Crypto Exchange Deregulation Now Inevitable, Sources ClaimThe current banking rules require domestic fiat-trading crypto exchanges to partner with a bank that must provide platforms with customer banking services via dedicated crypto wallet-linked bank accounts. Upbit trading volumes over the past 12 months. (Source: CoinGecko)In late April, the ruling People Power…