The equity futures market on crypto exchange MEXC didn’t just tick higher—it ripped. MU-margined perpetual contracts saw trading volume explode by 142% right after Micron Technology delivered a record-breaking earnings report, according to the original report. The move reflects more than opportunistic trading. It confirms that crypto-native venues are becoming a real battlefield for traditional stock speculation. A Synthetic Stock Rush MEXC’s zero-fee model likely accelerated the flow. The exchange offers MU perpetual futures that track Micron’s share price without requiring a brokerage account or equity settlement. Traders deposit crypto, use USDT as margin, and get synthetic exposure to a…
Author: cryphedge
Some of the largest US crypto companies and advocacy groups are escalating a coordinated lobbying campaign to secure a Senate vote on landmark digital-asset legislation before lawmakers leave Washington for their August recess.The industry’s push for the Digital Asset Market CLARITY Act comes as the Senate confronts a narrowing legislative calendar, and negotiations remain unfinished.In view of this, Senate Majority Leader John Thune, who controls the chamber’s floor schedule, reportedly acknowledged that negotiators still have a route forward but warned that the opportunity is closing.The warning has added urgency to an industry campaign years in the making. The bill supporters…
Mid-June gave us a weird tell. Bitcoin went nowhere, and yet a handful of utility tokens ripped. Uniswap’s UNI jumped roughly 22 percent in a single session while BTC hovered around 65 to 66k. That set the tone for this kind of rally – not dominance-led, but rotation-led. CoinDesk flagged it in real time. Fast forward and the bounce broadened. Aave perked up first, helped by deal chatter. Then Bitcoin Cash started to trend, quietly at first, and then not so quietly. As of writing, BCH trades near $193.64 and is up about 43.6 percent over the past 30 days,…
Ripple and SBI announced the official launch of RLUSD in Japan on June 24, following JFSA approval, with the stablecoin available to institutional and retail users through SBI VC Trade.Ripple categorized RLUSD under Japan’s Payment Services Act as a new type of electronic payment instrument for foreign-issued stablecoins, the first time the company has had a regulated dollar stablecoin in one of its most established markets.The day after the launch, Circle and Nomura plan to launch a USDC-based digital asset settlement and corporate payment service in Japan as early as 2027.The service would let Japanese businesses exchange yen for USDC…
Could XRP go to zero? That is the question a lot of people keep typing into Google, and right now the short answer still leans toward no. An XRP price prediction that leans on Ripple’s current network and a fixed token supply argues against a clean drop to nothing, even though an XRP crash scenario linked to regulation or a ledger failure stays possible on paper. Could XRP go to zero in a sudden crash? Probably not, since the token has never actually traded at zero before, not even during the long SEC lawsuit years.Also Read: Should I Sell XRP…
BitGo Holdings, one of the crypto industry’s most prominent custody and infrastructure firms, has reduced its workforce by nearly 15% as the company restructures around stablecoins, settlement, trading, security, and AI-powered infrastructure. The announcement, made by CEO and co-founder Mike Belshe on June 25, was simultaneously filed with the U.S. Securities and Exchange Commission via an 8-K disclosure, underscoring the significance of the move for the now-public company.“Today I’m sharing a hard decision: we are reducing our workforce by nearly 15%,” Belshe wrote in a post on X. “The ecosystem has evolved, and the way we build financial services has…
While the broader crypto market continues to struggle, Bitcoin remains stuck below the crucial $60,000 mark, keeping market sentiment under pressure. However, not every token is following the bearish trend. Aave Price has emerged as one of the strongest outperformers over the past few days, climbing nearly 20% from around $72 to $86 between June 24 and 26, even as Bitcoin printed fresh local lows.This unusual divergence has caught the market’s attention, raising questions about what is driving AAVE higher when most altcoins continue to struggle. A closer look at the on-chain and derivatives data reveals that whale accumulation and…
Stani Kulechov, founder of Aave — the largest decentralized lending protocol on Ethereum — has publicly dismissed reports that Aave Labs is in talks to sell a significant AAVE token allocation to Kraken’s parent company Payward at a steep discount to market value. While stopping short of denying that strategic partnership discussions are underway, Kulechov pushed back forcefully against the deal’s reported framing, using the controversy to restate Aave’s revenue model and announce a coming upgrade to its token economics.The Report That Triggered the PushbackCoinDesk reported on Thursday, citing two unnamed sources, that Kraken parent firm Payward is in talks…
Solmate’s equity value has nearly evaporated. The company, backed by Ark Invest and rebranded from Brera Holdings in late 2025, disclosed it raised $300 million in a private financing round and shifted its treasury into Solana’s native token, SOL. The result: a greater than 98% decline in the share price. According to a market update, Solmate now holds roughly 2 million SOL on its balance sheet. The move mirrors the playbook that sent MicroStrategy’s stock into a volatile orbit, but with a starkly different outcome. Where Michael Saylor’s firm turned bitcoin accumulation into a levered equity narrative, Solmate’s pivot to…
Cardano has been under heavy bearish pressure as the price has dropped back to levels last seen in 2020, reflecting the growing weakness across the market. What’s more concerning is that the bulls have shown little interest in accumulating at these lower levels, which signals fading confidence despite the sharp correction. After losing the crucial support around $0.19, the ADA price has now entered an important demand zone, and how the price reacts here could shape the next move.At the same time, network activity has picked up, suggesting traders are becoming more active amid the volatility. However, the recent spike…
