China

Brazil's central bank bans stablecoin and crypto settlement in cross-border payments

Brazil's central bank has prohibited the use of stablecoins and cryptocurrencies for settling cross-border payments. This decision aims to enhance the stability of the national currency and mitigate risks associated with digital assets. The central bank emphasized the need for a regulated framework for digital currencies to ensure consumer protection and financial system integrity. The ban reflects growing concerns over the volatility and regulatory challenges posed by cryptocurrencies in international transactions.

Read the full article: CoinDesk

Bitcoin short-term holder cost basis eyes $92K as next price target

Bitcoin's short-term holder cost basis is approaching $92,000, which is seen as a significant price target for the cryptocurrency. This metric reflects the average purchase price of Bitcoin held by short-term investors, indicating their potential profit or loss. Analysts suggest that if Bitcoin reaches this level, it

Linea contributes ZK rollup stack to Linux Foundation open-source group

Linea has contributed its ZK rollup stack to an open-source group under the Linux Foundation, aimed at enhancing blockchain scalability and privacy. This initiative is part of a broader effort to promote the development of zero-knowledge technology within the open-source community. The collaboration is expected to foster innovation and improve

Bubblemaps flags MYSTERY token over 90-wallet launch sniping cluster

Bubblemaps has identified a suspicious cluster of over 90 wallets that launched the MYSTERY token, indicating potential sniping activity. This coordinated effort raises concerns about the legitimacy of the token's distribution and the possibility of market manipulation. The analysis suggests that these wallets may be linked to a

Memecoin trades carry rare 'seven-leg' parlay odds, BONK's Nom says at Consensus

At the Consensus conference, BONK's Nom highlighted the unique trading dynamics of memecoins, noting that they often exhibit rare "seven-leg" parlay odds. This refers to the potential for traders to combine multiple bets on various memecoins, increasing the complexity and risk of their investments. Nom emphasized

Read more

Bitcoin short-term holder cost basis eyes $92K as next price target

Linea contributes ZK rollup stack to Linux Foundation open-source group

Bubblemaps flags MYSTERY token over 90-wallet launch sniping cluster

Memecoin trades carry rare 'seven-leg' parlay odds, BONK's Nom says at Consensus