Friday, October 16

Crypto

Ethereum Mainnet Activity Surpasses All Layer-2 Networks

Network activity on the Ethereum mainnet has now surpassed that on layer-2 scaling blockchains as gas fees remain low, though it may not all be organic users.Token Terminal said on Thursday that there has been a “return to mainnet,” with…

Bitcoiners Reject Quantum Computing Fears Weighing On Price

Bitcoin backers have minimized claims that fears around quantum computing being a threat to the cryptocurrency sooner than expected are dragging on its price. Glassnode lead analyst James Check said in an X post on Thursday that linking Bitcoin’s price…

Bitcoin Pro Traders Buy Dips, While Also Expecting More Downside

Key takeaways:Bitcoin funding rates sit at 7%, showing bullish traders are still hesitant to increase leveraged positions.The spot Bitcoin ETFs saw $1.58 billion in outflows while gold hit record highs, signaling a shift toward safe assets.Bitcoin (BTC) has been pinned…

Stablecoin Supply Plateaus as Regulation and Yields Rise

After a period of rapid expansion, the global stablecoin market has largely stalled, signaling a consolidation phase as new regulation, liquidity constraints and higher real-world yields weigh on new issuance, according to Jimmy Xue, co-founder of quantitative yield protocol Axis.In…

Circle CEO Frames Stablecoins as Neutral Infrastructure

Circle CEO Jeremy Allaire said the company views its dollar-pegged stablecoin as neutral financial infrastructure with network effects, rather than a product meant to compete with existing payment companies.Speaking on CNBC’s Squawk Box during the World Economic Forum at Davos, Switzerland, Allaire said Circle does not view…

Bitwise Launches ETF Pairing Bitcoin and Gold

Bitwise Asset Management has launched a new exchange-traded fund (ETF) designed to hedge against currency debasement, underscoring how digital assets are increasingly being incorporated into broader macro investment strategies following the success of spot Bitcoin ETFs.On Thursday, Bitwise unveiled the…

Valeo and Natix Build Open AI Model for Autonomous Vehicles

Automotive technology supplier Valeo and Natix Network, a Solana-based decentralized physical infrastructure network (DePIN) provider, have partnered to build an open-source, artificial intelligence (AI) multi-camera model aimed at improving autonomous driving systems.The two companies said Thursday they are building what…

Maple Brings syrupUSDC to Base, Eyes Aave Base Listing

Onchain asset manager Maple is extending its yield-bearing US dollar token, syrupUSDC, to Coinbase’s Base network, plugging institutional credit directly into a fast‑growing Ethereum layer-2 ecosystem. According to a Thursday release shared with Cointelegraph, the launch will provide the company…

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