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Stride's native token STRD trades 0.7% higher as the transition is expected to beef up the liquid staking protocol's security by several thousand percent.
PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.
Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
The latest price moves in crypto markets in context for July 18, 2023.
Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally.
VIPLeading projects on Optimism
The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.
PLUS: A day in the life of Binance’s head of law enforcement training – petty crooks, fake subpoenas, and dodging politically sensitive requests.
- 09:13The US Office of the Comptroller of the Currency Supports Community Banks in Stablecoin Business InnovationAccording to a report by Jinse Finance, the U.S. Office of the Comptroller of the Currency (OCC) recently stated that community banks can form partnerships with stablecoin development organizations to drive innovation and develop new financial products. The OCC will review and update the relevant regulatory framework as appropriate to support innovative growth in the banking sector while ensuring the operational vitality of community banks.
- 09:13Project Hunt: Yield-Bearing Synthetic Stablecoin usd.ai Becomes the Most Followed Project by Top Influencers in the Past 7 DaysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that in the past seven days, the yield-generating synthetic stablecoin usd.ai has become the project with the most new followers among top X (Twitter) personalities. Influential X figures who have recently followed this project include the anonymous Twitter KOL Inversebrah (@inversebrah), NFT collector Gmoney (@gmoneynft), and Zeneca (@Zeneca).
- 09:12AIP, a nonprofit organization supported by a certain exchange and Uniswap, is established to educate U.S. lawmakers about cryptocurrencyAccording to a report by Jinse Finance, as cited by The Block, the American Innovation Project (AIP) was launched on Tuesday with the backing of industry leaders such as a certain exchange and Uniswap Labs. Their shared mission is to help U.S. policymakers understand the rapid development of emerging technologies like crypto and artificial intelligence. A statement noted that the project is dedicated to fostering dialogue on policy and technology issues that will impact the future of the U.S. economy. It is reported that several crypto-focused entities are supporting AIP, including a certain exchange, another exchange, the National Cryptocurrency Association, Paradigm, the Solana Policy Institute, and DCG. The statement also mentioned that the organization has received seed funding from the Cedar Innovation Foundation and a $1 million grant from Digital Currency Group.