Barely a week after hinting at launching an algorithmic USD stablecoin, Sonic Labs is shuttering its plans. Sonic Labs co-founder Andre Cronje revealed that incoming stablecoin regulation in the US contributes to the change of stance.
DeFi lending is recovering in March after a series of market capitulations and liquidations. More value is flowing into smaller chains, with the biggest growth for Berachain and Sonic.
Sonic's recent network upgrade and strong market sentiment could lead to a potential rally despite recent losses.
A popular crypto strategist is leaning bullish on one Ethereum (ETH) rival, suggesting the altcoin has reached a market bottom. Pseudonymous trader Altcoin Sherpa tells his 242,800 followers on the social media platform X that Sonic (S) may be on the verge of breaking out after bouncing off of the 25-day Exponential Moving Average (EMA).
Berachain, the fast-growing layer-1 network, is performing well as its token rises and its decentralized finance ecosystem booms. Berachain (BERA) price rose to $8.60 on Thursday, up 60% from its lowest point in March.
Bitcoin price has failed to break the crucial resistance point at $90,000 this week. It has formed numerous risky patterns, pointing to a potential crash potentially below $80,000.
Crypto payment gateway Alchemy Pay is teaming up with Sonic Labs to enable fiat on-ramps for Sonic's native token S. Alchemy Pay (ACH) and Sonic Labs announced their strategic partnership via a press release published on Wednesday, March 26. In the announcement, the companies said they were joining forces to support S token's global adoption.
Berachain's BERA token has surged 37% in seven days following its Proof of Liquidity system launch, with technical patterns suggesting a potential rise to new all-time highs around $12.37.
Berachain (BERA), the innovative EVM-compatible Layer 1 blockchain, has officially launched its mainnet, drawing massive attention from the crypto world. Within its first 30 days, the Berachain network amassed $3.2 billion in total value locked (TVL), onboarding over 230 decentralized apps (dApps) across DeFi, GameFi, RWA, and more.
Berachain has gained over 35% in the past week, regaining strength after a consolidation phase. Trading at $7.89 as of press time, Berachain (BERA) is nearing a crucial resistance level of $8.34.
After a period of selling, market participants are starting to buy again.
The Berachain Network has ignited a wave of excitement with the launch of its Proof of Liquidity (PoL) system, propelling the BeraChain price to an intraday high of $8.25. Trading at $8.04 at press time, BeraChain crypto has witnessed an impressive 38.
The $BERA token underlying the speedy new Berachain blockchain is surging harder than Solana today even amidst a wider market downturn that has seen crypto's $2.98 trillion market shed 1.4% in the last 24 hours. Bitcoin ($BTC) and Ethereum ($ETH) lead the downturn, with respective overnight losses of 1% and 1.5%.
Proof of liquidity is live as reward vaults are released for Berachain, causing BERA to break into the top 100 crypto tokens by market cap.
Yearn Finance founder Andre Cronje teased an algorithmic stablecoin product, much to the chagrin of some users due to UST's 2022 collapse.
Sonic's on-chain activity and its DeFi ecosystem have seen unprecedented growth since the upgrade.
A proof-of-liquidity mechanism redistributes blockchain incentives, prioritizing liquidity over validator-centric models through a dual-token system. The post Berachain's ‘Proof of Liquidity' Goes Live Today, Governance Proceeds to Phase 1 appeared first on Cryptonews.
Berachain activated its long-anticipated Proof of Liquidity (PoL) system on March 24, a new incentive framework to redefine block rewards distribution. The network's native token, BERA, was up 16% over the past 24 hours and trading at $7.89 as of press time.
Berachain's token continued its strong rally on Monday, reaching its highest level since March 3 as its decentralized finance assets gained momentum. Berachain (BERA) price jumped to a high of $7.
TL;DR Innovative PoL Launch: Berachain introduces its Proof-of-Liquidity system, kickstarting Phase 1 of on-chain governance with decentralized BGT distribution. Dual Advantage: Unlike traditional PoS, users stake assets in DeFi liquidity pools to secure the network while keeping funds actively usable.
Berachain is rolling out the next phase of its proof-of-liquidity system, expanding governance and emissions beyond its native BEX pools. Up until now, only Berachain's (BERA) native exchange, BEX, was used to distribute rewards.
Berachain allows users to stake assets in DeFi liquidity pools to earn BGT tokens, a key aspect of its onchain governance.
Berachain's unique Proof-of-Liquidity mechanism will officially go live on March 24, expanding reward distribution beyond BEX pools to other apps and vaults.
Berachain (BERA) is currently trading around $6.05, with a market cap sitting near $653 million, after pulling back from a recent high of $7.08 reached on March 17.
Sonic's S has emerged as the market's top performer in the past 24 hours, surging by 6% as bullish momentum builds.
Sonic could rally nearly 30% from its current price, driven by the launch of its virtual payments card and its expansion in DeFi through new partnerships.
BERA witnessed massive liquidity inflows but remains sluggish.
The $4 million OI increase and uptick in spot demand could see Sonic make a short-term price bounce toward $0.5.
Unichain and Berachain, which debuted last month, led blockchain growth over the past month, followed by Iota.
Uniswap L2 Unichain's DEX volume has been the third-highest in the industry in the past 30 days, according to Nansen data.
Berachain (BERA) has suffered a steep decline over the past week, shedding 30% of its value as bearish sentiment plagues the general market.
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.
Sonic's near term price action could get worse and worse.
Infrared Finance, a decentralized finance (DeFi) infrastructure platform backed by Binance Labs, announced on Tuesday that it has successfully raised $14 million in a Series A funding round. The investment led by Framework Ventures saw participation from Citizen X, Halo Capital, No Limit Holdings, NGC Ventures, and Selini Capital.
Crypto prices have made solid gains today, March 5, 2025. The total crypto market cap is back above $3 trillion and Bitcoin reclaimed $90,000 briefly before retreating to around $89,000.
Berachain (BERA) is hovering near $6.68 after a sharp bounce, but will it break above $7 or face another drop?
Sonic (S), the rapidly growing digital asset, is witnessing a resurgence in investor interest, with significant accumulation from large investors driving its price movement. Over the past 48 hours, Sonic has seen an uptick in its price by over 2%, bringing its current value to $0.72.
Here is how some of your favorite assets concluded the week.
Sonic could make an extra push, forming a new high.
Berachain price retraced 8% to $8 on March 1, after booking 35% gains in the last three days of February. The impressive rally came amid a broader market downturn, making BERA one of the best-performing assets of the week.
The crypto market has experienced a bearish trend throughout February, with Bitcoin falling below $80,000. As expected, altcoins have also been impacted, but investor optimism remains high, with many anticipating a market turnaround in March.
Sonic [S], previously known as FTM, has seen a sharp decline of 17.22% in the last 24 hours after weeks of steady gains. This sudden downturn has caused concerns among traders as liquidity outflows surge and market sentiment turns increasingly bearish.
Sonic drops 17% as liquidity outflows surge, open interest declines, and traders brace for more losses.
Layer-1 blockchain Berachain has seen its total value locked (TVL) rise to over $3.26 billion, making it the sixth-largest decentralized finance (DeFi) network.
Berachain, an EVM-identical Layer 1 blockchain, has achieved a major milestone just 20 days after its mainnet launch.
Story (IP), Sonic (S), and Hyperliquid (HYPE) are the top three altcoins to watch for the last week of February. Story has surged by 140% in the past seven days, driven by its focus on programmable intellectual property, positioning it as a leading artificial intelligence coin.
The crypto market has resumed its downtrend, shedding $40 billion in market capitalization over the past 24 hours.
After a superb performance pushing it above Arbitrum and Base, the bullish Berachain momentum seems to be cooling off, with its token, BERA, dropping to $6.90 after hitting $9.10 on February 21. Berachain blockchain has been riding high, with its total value locked (TVL) soaring past $3.