Crypto Vesting – Page 288 – Just another WordPress site

Codex to build stablecoin-only blockchain, disavowing ‘general-purpose’ chains — Report

Blockchain startup Codex has raised $15.8 million to build a layer-2 network specifically for stablecoins, signaling that more builders are rushing to capitalize on the growing industry and regulatory alignment around fiat-backed stable assets.

The seed round was led by Dragonfly Capital, with additional participation from Coinbase, Circle, Cumberland Labs, Wintermute Ventures and others, Codex told Fortune.

The funding will be used to help Codex build its stablecoin-only platform from the ground up, said co-founder and CEO Haonan Li.

Source: Victor Yaw

Codex has disavowed “general-purpose blockchains” because of their inefficiencies in meeting real-world use cases, said Li. Instead, Codex is building a stablecoin-only chain on top of Optimism, an Ethereum layer-2 scaling solution that uses rollup technology to boost transaction speeds and lower costs.

Although details about the Codex chain were sparse, Li said the stablecoin solution aims

Stablecoin firm Circle mulls IPO delay amid economic uncertainty — Report

Stablecoin firm Circle, the issuer of the USDC (USDC) dollar-pegged token, is reportedly mulling a delay of its initial public offering (IPO) plans amid the macroeconomic uncertainty created by the Trump administration’s trade policies.

According to The Wall Street Journal, “Circle had been nearing its next steps in going public, but is now watching anxiously before deciding what to do,” and joins a growing list of companies considering IPO delays, including fintech company Klarna and ticketing firm StubHub.

On April 1, Circle filed an S-1 registration form with the United States Securities and Exchange Commission (SEC) to take the company public in an IPO originally slated for April 2025.

Circle’s S-1 form for an IPO. Source: SEC

The stablecoin firm is planning to sell shares of the company under the ticker

Bitcoin sentiment falls to 2023 low, but ‘risk on’ environment may emerge to spark BTC price rally

Bitcoin (BTC) sits in one of its least bullish phases since January 2023. According to Bitcoin’s “bull score index,” investor sentiment is showing its lowest reading in two years.

Bitcoin bull score index. Source: CryptoQuant

CryptoQuant’s “Crypto Weekly Report” newsletter explained that “bull score index” readings that sit below 40 for extended periods increase the likelihood of a bear market. The bull score remained above 40 throughout 2024, only dipping below this threshold in February 2025, as identified in the chart above.

However, over the past 24 hours, Bitcoin price has displayed resilience when compared against the massive losses seen in the US stock market. On April 3, Bitcoin closed the day with a green candle, while the S&P 500 was down 4.5%, a historic first.

The S&P 500 and Dow Jones extended their decline on April 4, dropping 3.87% and 3.44%, respectively, while Bitcoin

PayPal, Venmo to roll out Solana, Chainlink transfers

Global payments platform PayPal has expanded its cryptocurrency offerings to include Chainlink (LINK) and Solana (SOL), giving US-based users the ability to buy, sell and transfer the popular tokens.

Support for LINK and SOL will be rolled out over the next few weeks and will also be extended to users of Venmo, a US mobile payment platform owned by PayPal, the company disclosed on April 4.

Source: Cointelegraph

Roughly 83 million people used Venmo at least once in 2023, according to the latest available information from PayPal.

PayPal’s global reach extends to roughly 428 million accounts as of December, the majority of which are in the United States.

The company’s crypto services are available only to US residents.

PayPal is expanding its crypto offerings in response to growing consumer demand, according to May Zabaneh, an executive

Grayscale files S-1 to list Solana ETF on NYSE

Digital asset manager Grayscale registered with the United States Securities and Exchange Commission (SEC) to list the Grayscale Solana (SOL) Trust exchange-traded fund (ETF) on the New York Stock Exchange (NYSE).

The ETF will trade under the ticker symbol “GSOL” and will hold spot SOL as the underlying asset, according to the April 4 S-1 filing.

Grayscale announced plans to convert its existing Grayscale Solana Trust into an ETF in its 19b-4 application filed with the SEC in December 2024.

The filing is among several crypto ETF applications in the United States following a regulatory shift in Washington DC, and Solana is widely expected to be the next digital asset ETF approved by the SEC.

Grayscale Solana Trust ETF S-1 registration form. Source: SEC

Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/grayscale-files-digital-large-cap-etf-cryptocurrencies"

Bitcoin crash risk to $70K in 10 days increasing — Analyst says it’s BTC’s ‘practical bottom’

Analysts say Bitcoin (BTC) price could drop to $70,000 within the next ten days as one BTC pricing model suggests that the US-led trade war could upend investors’ risk-asset sentiment.

In his latest X analysis, network economist Timothy Peterson warned that Bitcoin may return to its 2021-era all-time high.

$70,000 is Bitcoin’s “practical bottom”

Bitcoin price expectations continue to deteriorate as the impact of “higher than expected” US trade tariffs hits home.

For Peterson, the outlook now includes an uncomfortable trip down memory lane.

“Bitcoin to $70k in 10 days?” he queried.

An accompanying chart compared Bitcoin bear markets and included Peterson’s Lowest Price Forward (LPF) metric — a historically accurate yardstick for gauging long-term BTC price bottoms.

“While this chart is not a prediction, it does provide data-driven expectations for what Bitcoin could do,” he continued.

“If it continues to track along the

The future of DeFi isn’t on Ethereum — it’s on Bitcoin

Opinion by: Matt Mudano, CEO of Arch Labs

Ethereum is struggling, and decentralized finance (DeFi) is suffering as a result. Layer-2 (L2) solutions have fractured liquidity, making capital inefficient. In search of greener pastures, the community has turned to Solana — only to find a memecoin-driven ecosystem fueled by pump-and-dump schemes, attracting liquidity extractors, and turning the chain into a playground for speculation and fraud.

DeFi needs a reset that returns to first principles and aligns with Satoshi’s original vision of a decentralized financial system. The only network capable of sustaining the next evolution of DeFi isn’t Ethereum or Solana. It’s Bitcoin.

DeFi is struggling on Ethereum

Ethereum was once the undisputed home of DeFi, but today, it’s clear that the ecosystem is struggling. The network’s roadmap constantly changes, with no clear path toward long-term sustainability.

L2 solutions were supposed to scale Ethereum. Instead, they’ve fractured DeFi into isolated liquidity silos. While L2s have lowered

Bitcoin bulls defend $80K support as ‘World War 3 of trade wars’ crushes US stocks

Bitcoin (BTC) price dodged the chaotic volatility that crushed equities markets on the April 4 Wall Street open by holding above the $82,000 level.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

US stocks notch record losses as analysts predict “long trade war”

Data from Cointelegraph Markets Pro and TradingView showed erratic moves on Bitcoin’s lower timeframes as the daily high near $84,700 evaporated as BTC price dropped by $2,500 at the start of the US trading session.

Fears over a prolonged US trade war and subsequent recession fueled market downside, with the S&P 500 and Nasdaq Composite Index both falling another 3.5% after the open.

S&P 500 1-day chart. Source: Cointelegraph/TradingView

In ongoing market coverage, trading resource The Kobeissi Letter described the tariffs as the start of the “World War 3” of trade wars.”

BREAKING: President Trump just now,

American Bitcoin’s ambition is to dominate mining — Hut 8 CEO

Earlier this week, Bitcoin mining giant Hut 8 revealed a partnership that includes two members of the Trump family — Donald Jr. and Eric — and its plans to launch a new mining venture, American Bitcoin.

In an exclusive interview on Decentralize with Cointelegraph’s Byte-Sized Insight series, Hut 8 CEO Asher Genoot shared new details about the venture’s vision, why the timing was right and how the company plans to scale.

The right team and the right time

“We’ve thought about splitting out our Bitcoin mining and energy infrastructure businesses for some time,” Genoot said. “Meeting Eric and Don Jr., and seeing their deep passion for Bitcoin and infrastructure, was the perfect catalyst.”

According to Genoot, the goal is clear: to build one of the world’s largest and most efficient Bitcoin mining platforms, rooted in American soil and aligned with pro-Bitcoin sentiment growing under President Donald Trump’s administration. “Eric

Solana whales begin offloading SOL amid $200M staking unlock

Solana whales have offloaded their tokens to cash in on gains from a staking play that began four years ago.

In April 2021, four whale addresses staked 1.79 million Solana (SOL) tokens, then worth about $37.7 million. The stake was unlocked on April 4, in what Arkham Intelligence called “the largest single-day unlock of staked SOL.” The firm noted that the next similar unlock is not expected until 2028.

At the time of the unlock, the tokens were valued at roughly $206 million, representing a 446% gain from the initial staking period.

Solana tokens scheduled to be unlocked on April 4. Source: Arkham

Solana whales sold nearly $50 million

After the tokens were unlocked, the whales started to dump their holdings. Arkham data shows that over 420,000 SOL tokens, worth about $50 million, had been unstaked by the four Solana wallets at the time of