The crypto market registered a notable uptick on Monday, getting off to a strong start to the new week. Price action remained subdued last weekend as Bitcoin (BTC) and other cryptocurrencies traded sideways.
The crypto market has shown consistent growth over the past few days, helping altcoins alongside Bitcoin to recover. However, relying solely on broader market cues or momentum will not sustain price growth.
TL;DR Converge, the upcoming blockchain developed by Ethena and Securitize, is scheduled to launch its mainnet by the end of Q2 2025. It will leverage Arbitrum's scalability technology and Celestia's data availability layer to deliver superior performance with low latency.
Decentralized finance (DeFi) protocol Ethena and tokenization firm Securitize said they will use part of Arbitrum's tech and data availability network Celestia for their real-world asset focused, Ethereum-compatible blockchain, aiming to launch mainnet in the second quarter of this year.
Alchemy Pay has partnered with Ethena Labs to enable direct fiat purchases of USDe and ENA using regular payment methods.
TL;DR Cross-Chain Breakthrough: Injective's IBC Eureka bridges Bitcoin liquid staking tokens into Cosmos, creating new opportunities for seamless cross-chain interaction. Enhanced DeFi Opportunities: The upgrade enables rapid, secure transactions that empower advanced yield farming, lending, and staking options in the Cosmos ecosystem.
This new development opens the door for seamless onboarding of Bitcoin Liquid Staking Tokens (BTC LSTs). For example, Lombard Finance's $LBTC, from Ethereum to Injective.
RedStone has expanded its support for Ethena Labs' stablecoins USDe and sUSDe to the BNB Chain, triggering a 14% price surge.
Despite a series of major initiatives in the first quarter of this year, Injective has seen its price continue to trend downward, now sitting in the deep oversold zone.
Bitcoin and most cryptocurrencies slumped on Thursday, with their total market capitalization plunging by over 5.7% to $2.6 trillion. Pi Network (PI) was one of the worst performers as it dropped to a record low of $0.
The crypto market registered a marginal uptick over the past 24 hours despite several altcoins crashing on April Fools' Day. Despite the altcoin crash, the crypto market cap is up 0.50% and currently sits at $2.7 trillion.
This move brings enterprise-grade infrastructure to the Injective ecosystem. It makes it easier for developers to build, launch, and scale applications.
TL;DR Google Cloud becomes an official validator for Injective to enhance the security and decentralization of the blockchain network. INJ gains access to advanced tools and educational resources through Google Cloud's Web3 portal, facilitating dApp development. Injective and Google Cloud launch a hackathon focused on AI innovation in financial applications.
Google Cloud has officially become a validator for Injective, an interoperable layer-1 blockchain, further strengthening the network's security and decentralization. The move aligns Google Cloud supporting Injective's (INJ) ecosystem, according to a company release.
Google Cloud is now a validator for the Injective network, boosting the blockchain's security, reliability, and credibility. The post Google Cloud Becomes a Validator for the Injective Network appeared first on Cryptonews.
Google Cloud's role as a validator for Injective could significantly boost blockchain security, decentralization, and developer innovation. The post Google Cloud becomes a validator for Injective blockchain appeared first on Crypto Briefing.
This update makes it easier than ever for Telegram users to dive into Injective without needing extra apps. Telegram's built-in wallet has already supported major cryptocurrencies like Bitcoin (BTC) and Toncoin (TON).
Many crypto tokens have recovered this week as investors moved back to risky assets. This surge has brought the cryptocurrency market valuation to nearly $3 trillion.
The crypto market has made a strong start to the week, with cryptocurrencies registering substantial increases. As a result, the crypto market cap has jumped almost 3% and currently sits at $2.83 trillion.
KuCoin has introduced new USDC trading pairs for Stellar (XLM), Toncoin (TON), and Ethena (ENA). Following the announcement, the prices of all three tokens saw modest gains as traders responded to the development.
Stablecoins surpass Visa, Mastercard in transaction volume, signaling a major shift in global finance.
The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025.
This marks a game-changing moment in the world of DeFi. It offers users the ability to trade fully onchain stocks 24/7 with no middlemen.
Cryptocurrency prices resumed their downward trend on Tuesday as market participants awaited the second Federal Reserve interest rate decision of the year. Pi Network (PI), the viral tap-to-earn token, was one of the worst performers, dropping by almost 13%.
Here is how some of your favorite assets concluded the week.
Ethena's daily revenue has surpassed PancakeSwap and Jupiter, trailing only behind Tether and Circle. Following this achievement, ENA rose 4%.
XRP price has pulled back in the past few days, and is at risk of further downside after forming a head and shoulders pattern on the daily chart. Ripple was trading at $2.3515 on Saturday, down by over 30% from its highest level this year.
The crypto market today continues to spark investor uncertainty, showcasing riveting movements. Bitcoin (BTC) price stagnates around $85K as the week comes to an end, whereas altcoins mimic a volatile trajectory.
The crypto market slid back into the red as it declined over 4%, slipping below the $3 trillion mark and moving to its current $2.87 trillion. Bitcoin (BTC) is down nearly 5% despite Donald Trump's announcement of a strategic reserve consisting of Bitcoin.
The omni-chain solution, which counts Brevan Howard and Hamilton Lane as early partners, is live on several chains.
The crypto market continued its upward trajectory, with the market cap increasing by over 4% to reclaim the $3 trillion mark. Most cryptocurrencies traded in positive territory, and Bitcoin (BTC) reclaimed the $90,000 level after an increase of nearly 6% over the past 24 hours.
Ethena Labs' USDe continues to make moves to position itself as a logical alternative to USDC and USDT as the stablecoin competition heats up. The latest in a series of progressive moves Ethena Labs has made regarding USDe involves Bybit, one of the largest exchanges in the industry right now.
The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.
Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens.
Its subsidiary, Deutsche Telekom MMS, is now a validator for the Injective blockchain. This marks another milestone in merging traditional industries with decentralized finance (DeFi).
Deutsche Telekom MMS partners with Injective blockchain as a new validator, enhancing Web3 infrastructure. Partnership aims to improve enterprise adoption of blockchain technology, fostering true decentralization.
Deutsche Telekom's subsidiary, MMS, has taken a bold step into the blockchain world by becoming a validator for Injective, an interoperable Layer-1 blockchain. This move strengthens Injective's network security and decentralization. It also marks another milestone in Deutsche Telekom's growing Web3 presence. This collaboration showcases a blend of traditional enterprise and cutting-edge blockchain technology.
Deutsche Telekom, a telecommunications giant valued at more than $180 billion, has strengthened its presence in the crypto and blockchain space by partnering with Injective. On Feb.
Deutsche Telekom MMS expands its Web3 footprint by becoming a validator for Injective, ensuring the blockchain's security, decentralization, and reliability for digital asset trading, tokenization, and payments. The post Deutsche Telekom Becomes a Validator for Injective appeared first on Cryptonews.
TL;DR Deutsche Telekom joins Injective as a validator, marking a significant step towards bridging traditional infrastructure with blockchain technology. The collaboration highlights Deutsche Telekom's commitment to Web3, expanding its involvement in the crypto space. This partnership strengthens Injective's position as one of the most efficient and institutional-friendly Layer 1 networks.
The move marks Deutsche's latest step into the crypto space, which includes forays into validating networks and mining bitcoins.
The price of Injective (INJ) has garnered significant attention in the cryptocurrency space, particularly after the rise of artificial intelligence (AI) applications. As of now, the live price of Injective stands at $14.61, with its market capitalization reaching $1.53 billion.
Story Highlights The live price of the Injective token is The INJ price could hit a high of $56.12 in 2025. With a potential surge, Injective may hit $208.99 by 2030. Launched in November 2021, alongside a $120M incentive program called Astro, the Injective Protocol plays an important role in the Artificial Intelligence (AI) category.
Injective (INJ) has experienced a significant decline since reaching its all-time high (ATH) of $53 in March 2024. Since then, the altcoin has dropped by an alarming 73%, with its price hovering near a 15-month low.
Injective is hovering near a 15-month low, but a key breakout pattern could set the stage for a potential rebound.
Here is how some of your favorite assets concluded the week.
Injective is taking another step toward narrowing the gap between traditional finance and decentralized finance by bringing stocks of the largest publicly traded companies on-chain.
Injective Labs launches an on-chain S&P 500 index, enabling investors to, for the first time, gain exposure to SPY with 24/7 access. The post Injective Launches S&P 500 Index On-Chain, Enables TradFi Access on DeFi appeared first on Cryptonews.