Author: Crypto Insider

Bitcoin miner Riot Platforms missed estimates after posting its first quarterly loss since 2022, as the miners continues to feel the impact of April’s halving event. Riot posted a Q2 net loss of $84.4 million, or $0.32 per share, double the $0.16 per share loss  forecasted by investment research firm Zacks. It’s the first time the firm has…

The Bank for International Settlements (BIS) and Bank of England have released the results of their Project Pyxtrial to monitor the reserves of asset-backed stablecoins and tokenized assets. Pyxtrial is described as a proof-of-concept and an “important first step.” The system is not entirely ready for launch and, as its creators noted, the world isn’t ready…

Base, Coinbase’s layer-2 blockchain network, now hosts approximately 80% of Uniswap’s monthly active traders, crypto researcher Token Terminal said in a post on the X platform. Base launched in August 2023 and began rapidly gaining market share among decentralized exchange (DEX) traders in early 2024. It has now largely displaced rival blockchains, including Ethereum mainnet and Arbitrum…

Binance’s venture capital arm has invested in aPriori, a liquid staking protocol on the Monad network focused on miner extractable value (MEV), according to a July 30 announcement. The deal comes amid a flurry of investment in layer-1 network Monad and its surrounding decentralized finance (DeFi) ecosystem. According to the statement, aPriori seeks to create sustainable incentives…

Ethereum is about to close the month of July in the red, down roughly 1%, despite the launch of spot Ethereum ETFs in the United States. US spot Ethereum ETFs went live on July 23, and the market’s immediate reaction was a 9% drawdown. At present, the ETH price is down 4.05% since launch. However, other…

The Bank of England (BOE) is proposing an experimental program using its Real-Time Gross Settlement (RTGS) system and wholesale central bank digital currency (wCBDC) to judge their settlement capacity and interoperability, the central bank announced in a discussion paper. The BOE promised to undertake the new series of experiments within the next six months. The experiments…