Ethereum price will likely drop to $2,000 first before jumping to $4,000, according to Polymarket, the popular prediction platform. Odds of Ethereum (ETH) falling to $2,000 before Dec. 31 have been rising since Aug. 25, when they bottomed at 54%.…
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SOON secures industry funding to build innovative rollup stack [btcmanager]
Solana Optimistic Network — known as SOON — has raised a ‘cobuilder’ funding round backed by prominent figures in the blockchain space. The round, which focuses on contributions from industry builders rather than venture capital firms, aims to support SOON’s…
Miners’ bad luck: Rhodium goes bankrupt [btcmanager]
The firm has filed for bankruptcy in the Southern District of Texas. The U.S. Bitcoin miner has debts of $50 million to $100 million, and the total assets of Rhodium Enterprises are estimated from $100 million to $500 million. The…
Flare integrates Polyhedra’s zkBridge for enhanced cross-chain security [btcmanager]
Polyhedra Network has integrated its cross-chain interoperability protocol zkBridge with Flare. According to an announcement on Aug. 27, the integration of Polyhedra will help developers on Flare (FLR), the blockchain for data platform, tap into cross-chain security with zero-knowledge proofs.…
Data warehouse Space and Time secures $20m in Series A funding [btcmanager]
Data warehouse developer Space and Time Labs has raised $20 million in Series A funding to accelerate development at the intersection of AI and blockchain. Los Angeles-based developer Space and Time Labs has secured $20 million in Series A funding…
Crypto market bounces; biggest performers: XRP, Cardano, DTX Exchange [btcmanager]
Crypto market rebounds as Fed signals possible rate cut; DTX Exchange presale surges past $1.6 million. #partnercontent
Sui token faces pressure, yet analysts say it could flip Solana [btcmanager]
Sui token has suffered a harsh reversal, falling for three consecutive days, and erasing most of the gains made last week. Sui (SUI) retreated to $0.90 on Tuesday, Aug. 27, down by 20% from its highest point last week, pushing…
Sui token faces pressure, yet analysts say it could flip Solana [btcmanager]
Sui token has suffered a harsh reversal, falling for three consecutive days, and erasing most of the gains made last week. Sui (SUI) retreated to $0.90 on Tuesday, Aug. 27, down by 20% from its highest point last week, pushing…
Ondo’s USDY launches on Arbitrum [btcmanager]
Ondo Finance and Arbitrum Foundation have announced the launch of Ondo U.S. Dollar Yield on Arbitrum. In an announcement shared with crypto.news on Aug. 27, Ondo Finance (ONDO) and Arbitrum (ARB) stated that the tokenized note USDY had launched on…
Nasdaq files for SEC approval to launch Bitcoin index options [btcmanager]
Nasdaq just filed with the U.S. Securities and Exchange Commission to list and trade Bitcoin Index Options. These options will track the price of Bitcoin (BTC) represented by the CME CF Bitcoin Real-Time Index, according to a press release. These…