Bitcoin maintained its November pattern of higher lows as it rebounded to $105,000, but traders remained cautious about a potential rejection at key resistance. Bitcoin (BTC) eyed intraday highs into Wednesday’s Wall Street open as bulls battled for $105,000. Key points: Bitcoin creeps higher into the US trading session as traders seek $107,000 retest. Read more
Bitcoin won’t win as a monetary asset while tokens power adoption through incentive layers. Zero-knowledge transport layer security unlocks verifiable data portability. Opinion by: Kamal Mokeddem, General Partner at Finality Capital The prevailing institutional narrative surrounding altcoins is as follows: If you want crypto exposure, simply buy Bitcoin and move on. Bitcoin now has ETFs and has outperformed nearly every other digital asset. Unlike 2017 or 2021, there has been no broad altcoin rally this cycle. At its peak in 2021, more than 2.6 million tokens were live; today, there are more than 42 million. No wonder many people believe the game is over. Read more
Sonic Labs’ strategic shift aims to bring “measurable, lasting value” for builders, validators and S token holders through upgraded fees, token burns and institutional partnerships. Sonic Labs, the organization behind the Sonic layer-1 blockchain, announced a major strategic shift as it pivots from emphasizing transaction speed to building long-term business value and token sustainability. After claiming industry-leading performance last year, Sonic Labs said its next chapter will focus on upgrades that deliver measurable financial outcomes, including new Ethereum and Sonic Improvement Proposals (EIPs and SIPs), token supply reductions and revamped rewards for network participants. “Every decision we make moving forward will be guided by the principles of building real value, with price, growth, and sustainability always in focus,” said Mitchell Demeter, the new CEO of Sonic Labs. Read more
Arjun Sethi criticized the UK’s crypto regulations for burdening users with excessive disclaimers, saying they worsen customer experience. Arjun Sethi, the co-CEO of major crypto exchange Kraken, criticized the United Kingdom’s crypto regulations, which he said hinder services for their customers. In an interview with the Financial Times, Sethi said that “in the UK today, if you go to any crypto website, including Kraken’s, you see the equivalent to a cigarette box.” He suggested that the disclaimers have a significant impact on customer experience. Sethi suggested that disclosures slow users down and that, because of the importance of speed in crypto trading, “it’s worse for customers.” He concluded that “disclosures are important [...] but if there are 14 steps, it’s worse.” Read more