Crypto World
Bitwise CIO Says Protocols Tying Revenue to Tokens Could Double Crypto Valuations
Crypto’s valuation framework may be due for an update as more networks turn protocol revenue into token buybacks and burns, a shift that Matt Hougan, Chief Investment Officer at Bitwise, argues the market has not fully priced in. In a Wednesday memo, Hougan described a growing “revenue-driven” model for crypto assets outside Bitcoin, where real usage and activity can translate into native-token value—potentially supporting much higher valuation expectations than today’s metrics imply.
Hougan went further, suggesting that if decentralized finance (DeFi) and layer-1 networks continue adopting fee-to-token mechanisms over the next 12 to 24 months, investors could begin to see token economics resemble more familiar valuation logic. The catch, he noted, is that token holders do not have the same legal rights to cash flows as traditional shareholders, and many tokenomics structures can be modified by communities.
Key takeaways
- Bitwise CIO Matt Hougan says the market is underpricing crypto assets that increasingly use protocol revenue for buybacks and burns.
- He expects more DeFi and layer-1 networks to add revenue-capture features within 12 to 24 months.
- Hyperliquid reported second-quarter revenue of $169 million and directed $141 million toward HYPE buybacks, according to the protocol.
- Uniswap’s fee “UNIfication” plan is designed to fund UNI burns through fee collection mechanisms approved for activation in late 2025.
- Aave DAO’s token repurchase program has already accumulated over 205,000 AAVE in its first 10 months, with automation plans in development.
Why protocol revenue is changing the token-value story
Hougan’s core argument is that native-token value is increasingly tied to network activity rather than being driven purely by speculation. He frames the shift as a transition toward models where fees and revenue can flow back into token supply management—either by buying tokens or removing them through burns.
For investors, the practical implication is that some assets may start to look more like income-producing businesses, at least in terms of the economic link between use and token scarcity. Hougan highlighted that this matters because traditional valuation approaches rely heavily on how cash flow is distributed to owners. Tokens, by contrast, typically do not grant a direct legal claim to revenues, and community-controlled tokenomics can evolve over time.
Still, Hougan’s memo suggests the market’s current pricing may not reflect the growing frequency with which fees are being routed back into token buy-and-burn structures.
Examples from DeFi: fees routed to buybacks and burns
Hougan pointed to several protocols already implementing revenue-to-token mechanisms, each offering a different method for turning activity into changes in token supply.
Hyperliquid: buybacks and a large allocation of revenue
Hyperliquid—described as a decentralized exchange—reported that it generated more than $800 million in revenue last year and uses roughly 99% of that revenue to buy and burn HYPE. On Aug. 6, the protocol reported $169 million in second-quarter revenue and said it directed $141 million toward HYPE buybacks, based on coverage referenced by Hougan’s memo.
Uniswap: UNI burns tied to fee activation
Uniswap’s path to revenue-based token supply changes centers on its “UNIfication” overhaul. Earlier reporting noted that the activation of protocol fees was approved with UNI burns in mind, with the mechanism designed so that collected fees can be claimed by burning UNI. The memo’s referenced update states that this approach is scheduled to take effect via activation for burns on Dec. 22, 2025.
Aave: repurchases backed by protocol revenue
Aave provides a more explicit example of a buyback program funded by protocol performance. According to the cited governance and founder statements, Aave DAO’s buyback program purchased more than 205,000 AAVE during its first 10 months. On June 25, Aave founder Stani Kulechov said the team was designing an automated, non-discretionary buyback mechanism.
In related remarks, Kulechov stated that “100% of Aave Protocol and GHO revenue goes to the $AAVE token,” referencing an “Aave Will Win” proposal that established the policy framework.
What regulatory change could unlock—and what remains uncertain
Hougan connected the broader shift toward revenue-sharing style token economics to a potentially more supportive regulatory environment in the United States. His view is that projects may increasingly be willing to implement structures that resemble traditional revenue alignment, after years when many steered clear of certain designs due to securities-law concerns.
As referenced in the memo, Hougan suggested that regulatory guidance could allow crypto to keep expanding even without passage of a specific federal framework—pointing to earlier coverage of whether the industry can “keep expanding” regardless of broader legislative timelines.
For readers, the key question is not whether revenue-to-token mechanisms can work—they already do in several cases—but whether regulation will encourage more networks to replicate these models at scale, and whether investors can reliably forecast token economics when token holders lack the same enforceable cash-flow rights that exist in equity markets.
Why this could affect valuation—and how to watch the next phase
Hougan argued that stronger links between protocol revenue and token value could help make crypto easier to evaluate using more conventional tools. That does not mean tokens become identical to stocks; rather, the memo’s thrust is that markets may be underestimating how much fee-driven buybacks and burns can alter expected token supply dynamics over time.
At the same time, investors should be alert to the details that determine whether buybacks or burns are sustainable: how revenues are calculated, how consistently fees flow to token holders (or token supply management), and whether automation or governance processes can be relied on through market cycles. Hougan’s emphasis on community-set tokenomics is a reminder that these mechanisms can change, sometimes quickly, depending on governance outcomes.
Over the coming months, investors will likely want to track whether additional DeFi protocols and major layer-1 ecosystems follow the same playbook—especially in how they commit protocol revenue to token supply actions—and whether regulators provide clearer guidance that reduces uncertainty for projects considering revenue-capture designs.
Which ETFs Will Pay Off Soon? Follow The Money!
The numbers behind the oft-cited prediction that Bitcoin will reach $1 million by 2030 simply don’t add up, according to Markus Thielen, head of research at 10x Research.
“It’s mathematically impossible,” Thielen tells Cointelegraph on Trade Secrets, arguing that Bitcoin’s historical capital inflows over the past 15 years fall far short of the amount it would need to attract over the next four years to reach $1 million. “We have seen $1 trillion US dollars of inflow to bring the market cap really to $1 trillion. To $1 million [per] Bitcoin. It’s 15x, I think, from here,” Thielen says.
At the time of publication, Bitcoin’s market cap is around $1.28 trillion, with its price trading at $63,868, according to CoinMarketCap.
Thielen estimates that Bitcoin would need to attract another $15 trillion in capital to reach a per Bitcoin price of $1 million. This is equivalent to roughly 25% of the US stock market’s total value flowing into Bitcoin over the next four years.
“It would require trillions,” says Thielen
“It takes trillions and trillions of dollars to move the price really materially higher, and that’s why we are not as bullish as those arguments which we think are totally mathematically unrealistic because it would require trillions,” Thielen says.
Bitcoin is down 2.35% over the past 30 days. (CoinMarketCap)
Thielen says the higher Bitcoin’s price goes, the weaker retail sentiment becomes, partly due to the psychology of investors wanting to own a whole unit of an asset.
“I think a lot of people kind of wondered, maybe I should just rather buy a new car than buy one Bitcoin, or should I really work a whole year for just one Bitcoin?” Thielen says. “People don’t want to buy a tenth or a hundredth of a Bitcoin; they want to buy a whole Bitcoin. You don’t want to buy a fraction of a painting.”
“Satoshis doesn’t really sound as interesting as Bitcoin,” Thielen says.
He warns Bitcoiners not just to expect Bitcoin to rebound as it has in previous cycles, and the $126,000 all-time high may not reappear as quickly as investors expect.
“Usually, it takes some time because we are at a higher market cap, and that usually takes a lot of money to push the Bitcoin price higher. So I wouldn’t argue that next year we’re gonna see new highs. If we go back to, let’s say, $100K, that would already be, I think, a big, big achievement,” Thielen says.
$1 million Bitcoin has been touted by well-known industry executives
The prediction that Bitcoin will reach $1 million by 2030 has been made by prominent industry figures, including Coinbase CEO Brian Armstrong, former Twitter CEO Jack Dorsey and ARK Invest CEO Cathie Wood. Thielen argues that such bold forecasts are an easy way for executives to generate media attention.
“Round numbers and the higher the number, the more it’s being quoted by the press,” Thielen says, arguing that extravagant predictions tend to do more harm than good.
“These optimistic price targets tend to hurt retail investors because they sort of think, OK, if this is only halfway right, then I’m gonna make a lot of money,” Thielen says.
“I think nearly everybody was still very bullish and projected higher prices [but] we came into the year already quite conservative, and you know, I think our conservative approach has been the right strategy,” Thielen says.
Cointelegraph asked Thielen which year Bitcoiners might reasonably expect Bitcoin could reach $1 million. “I don’t want to say never, but I do think, you know, a million is really a high number,” Thielen says.
“It would require, you know, a major credit event, implosion of everything.”
Cointelegraph publishes long-form journalism, analysis and narrative reporting produced by Cointelegraph’s in-house editorial team with subject-matter expertise. All articles are edited and reviewed by Cointelegraph editors in line with our editorial standards. Some articles contain affiliate links, from which Cointelegraph may earn a commission. These relationships do not influence which products we review or our editorial conclusions. Content published in here does not constitute financial, legal or investment advice. Readers should conduct their own research and consult qualified professionals where appropriate. Cointelegraph maintains full editorial independence.
Crypto World
Dow Jones Futures: Market Ready To Run? Sandisk Soars, Nvidia In Buy Area; Walmart, Target Due
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Walmart, Target and Ross Stores headline a big week of retail earnings. Viking Holdings and Alibaba (BABA) also are on tap. The stock market rally can’t quite decide if it’s ready to rev up again. The S&P 500 hit a new high Thursday. But a…
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Bitcoin could bottom in October before recovering to around $130,000 ahead of the 2028 halving, according to Swan Bitcoin CEO Cory Klippsten.
Bitcoin’s (BTC) price peaked above $126,000 in early October 2025, meaning that the “market should bottom in October,” Klippsten told Cointelegraph.
He argued that Bitcoin has so far bottomed about 12 months after each previous bull market peak, while cautioning against extrapolating from only a few previous cycles.
Klippsten’s prediction for an October bottom builds on a June interview with Cointelegraph, when he said Bitcoin may bottom earlier than in previous cycles as long-term holders accumulated a record share of supply, or 14.7 million BTC.
In the latest interview, Klippsten said Bitcoin could fall to $57,000, or even $53,000, before a quick recovery, and could reach around $130,000 ahead of the 2028 halving.
Other analytics providers are eyeing an earlier bottom. Markus Thielen, founder of 10x Research, said that Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, which would turn several of the analytics firm’s cycle indicators bullish.
Related: H100 becomes Europe’s No. 2 Bitcoin treasury after 2,455 BTC deal
Altcoins are dead as money, crypto will become TradFi
Klippsten said altcoins are “basically dead” as competitors to Bitcoin as money, arguing that the best outcome for crypto and decentralized finance (DeFi) is to “become part of TradFi.”
When asked about his thoughts on altcoins that may outperform the broader market, Klippsten pointed to Hyperliquid, arguing that centralized crypto businesses will eventually be brought under traditional finance regulation.
“Hyperliquid is a business and it has a token. If it’s a business that’s centralized, it will eventually just get sucked up by TradFi and be thought of as an exchange and a bank.”
Hyperliquid generated $5.9 million in revenue during the past week, ranking as the industry’s fifth-largest DeFi protocol by weekly revenue, according to DefiLlama.
The Hyperliquid (HYPE) token rose 130% year-to-date, while Bitcoin’s price fell 28% during the same period, TradingView data shows.
BTC and HYPE tokens, year-to-date chart. Source: Cointelegraph/TradingView
In a July report, crypto market maker Wintermute argued that the growing presence of institutional investors has changed the dynamics of altcoin markets, resulting in altcoin rallies becoming narrower and more selective. Wintermute said liquidity was concentrating in the assets institutions favored while activity across the market’s “long tail” weakened.
Magazine: Bitcoiners turn to dice throws as self-custody setups are re-evaluated
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
CLARITY Act passage odds have dropped below 20% on Polymarket as XRP volatility drives renewed interest in UE Crypto’s cloud mining and yield services.
Summary
- XRP weakens as CLARITY Act odds fall, while investors turn to UE Crypto’s cloud mining and yield options.
- With CLARITY Act uncertainty weighing on XRP, UE Crypto is drawing interest from holders seeking alternative returns.
- Fading CLARITY Act expectations have pressured XRP, prompting some investors to explore UE Crypto’s cloud mining platform.
The probability of the CLARITY Act passing on Polymarket has plunged from 82% to below 20%. Can September 15 save the bill?
Amid XRP price volatility, market uncertainty, and the market fog surrounding the Digital Asset Market Clarity Act, XRP continues to show weakness, while UE Crypto’s cloud mining platform and stable yield mechanism have attracted significant attention from investors.
XRP has underperformed the broader cryptocurrency market, while investors’ interest in UE Crypto’s cloud mining and yield mechanisms has been reignited.
Faced with XRP price volatility and the market uncertainty surrounding the Digital Asset Market Clarity Act, an increasing number of XRP investors are turning their attention to UE Crypto in an effort to hedge against market risks.
UE Crypto positions its cloud mining platform as a new option for XRP holders, aiming to provide them with additional digital asset returns rather than relying solely on price appreciation.
Among the assets most closely linked to the market structure adjustments of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), XRP has already reflected the impact of this delay in its price. XRP is expected to directly benefit from the formal establishment of its classification as a digital commodity under CFTC regulation, but as the timeline has been delayed, inflows into its ETFs have also slowed.
This dynamic has been detailed in the article and is related to reduced XRP ETF inflows caused by uncertainty surrounding the CLARITY Act. This pattern has reappeared after every procedural setback, including the immediate price reaction previously recorded when the Senate vote was postponed.
Spot trading volume remains light, while a narrowing intraday trading range indicates that buyers have yet to demonstrate sufficient confidence. Daily trading volume stands at $885 million, down from $905 million yesterday, indicating that trader interest is weakening.
Last week, XRP fell -2%, while Bitcoin fell -0.28% and Ethereum fell -0.3%, making XRP one of the worst performers among major cryptocurrencies. Therefore, this sell-off is specific to XRP rather than a broader correction across the cryptocurrency market.
XRP’s only anticipated catalyst remains stalled. The CLARITY Act, which is intended to classify XRP as a federal commodity, missed the voting window before the Senate’s August recess and is now scheduled for a procedural vote on September 15. As a result, XRP’s price currently has no upward momentum for the next month.
The reason may be the current lack of market transparency — or, more specifically, the delay of the long-awaited Digital Asset Market Clarity Act.
As investors explore cloud mining and yield mechanisms, XRP’s price weakness has driven increased interest in UE Crypto.
Amid continued market volatility, XRP holders seeking cloud mining and yield strategies continue to show interest in UE Crypto.
As of August 15, 2026, the current price of XRP (XRP) is $1.00. Over the past 24 hours, the price has fallen by 0.1%, while the price movement over the past hour was 0%. From a longer-term perspective, the price fluctuation over the past 7 days was -3.3%, while the price fluctuation over the past month was -9.3%. Among the top ten cryptocurrencies by market capitalization, XRP recorded the largest seven-day decline, falling by -9.3%, while the overall market remained largely flat. The token’s price action appears to indicate that the Clarity trade is gradually being unwound.
Affected by market sentiment, XRP fell to a recent low, causing its market capitalization to shrink significantly and temporarily losing its position as the world’s fourth-largest digital asset. The increase in short-term volatility has prompted some investors to reassess their future XRP investment strategies.
Meanwhile, market traders are closely watching the upcoming period from September to October, when the CLARITY Act is expected to reach a decisive outcome. The implementation of this major regulatory catalyst is bound to have a strongly polarized impact on future market sentiment. However, before this critical legislative window arrives, the broader market remains trapped in a range-bound pattern, while XRP is also showing a stagnant consolidation pattern characterized by low trading volume and declining turnover.
To hedge against market risks, the UE Crypto cloud mining digital asset platform has attracted increasing attention from investors. Through its innovative underlying cloud computing architecture and yield aggregation mechanism, the platform aims to hedge against market volatility and improve returns.
As XRP volatility increases, UE Crypto has become a new option for investors.
Given the recent increase in XRP price volatility, more and more XRP holders are turning their attention to UE Crypto. Unlike highly volatile leveraged trading or strategies that rely solely on price appreciation, UE Crypto’s cloud mining platform provides a more convenient way to participate in digital assets. Users do not need to deploy mining machines or maintain hardware; they only need to select a computing power contract to participate in mining services. This allows them to focus on the long-term prospects of XRP while maximizing the benefits of their digital assets.
About UE Crypto
UE Crypto is headquartered in the United Kingdom and operates within European regulatory frameworks such as MiCA and MiFID II, continuously improving its transparency, operational standards, and user protection mechanisms.
The platform adopts a multi-layer security architecture, including:
- Annual financial and security compliance audits conducted by PwC.
- Digital asset custody insurance provided by Lloyd’s of London.
- Enterprise-grade network protection from Cloudflare and McAfee® security systems.
- Bank-grade data encryption and professional security infrastructure to provide multiple layers of protection for users’ assets and accounts.
UE Crypto supports a range of mainstream digital assets, including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL, providing users with a more flexible and convenient digital asset service experience.
Start earning daily returns in just three steps
1. Register an Account
2. Choose a Mining Package
Choose a suitable cloud mining contract based on personal budget and needs, and start mining with one click.
3. Start Earning
Once the contract is activated, the system will automatically allocate computing power, and returns will be settled automatically every 24 hours. Users can withdraw their earnings at any time or continue participating according to their own needs, thereby achieving long-term compound growth of their assets.
Popular UE Crypto contracts
- BTC (Beginner Experience Contract)Investment amount: $100，
Contract duration: 2 days, Daily return: $4, Total return at contract expiration: $100 + $8 - Dogecoin (DOGE, Digital Intelligent System Contract)Investment amount: $500，
Contract duration: 5 days, Daily return: $6.25, Total return at contract expiration: $500 + $31.25 - BTC (Super Computing System Contract)Investment amount: $1,000，
Contract duration: 10 days, Daily return: $13.10, Total return at contract expiration: $1,000 + $131 - LTC (Algorithm-Driven System Contract)Investment amount: $5,000，
Contract duration: 25 days, Daily return: $72, Total return at contract expiration: $5,000 + $1,800 - BTC (Quantitative Intelligent System Contract)Investment amount: $10,000，
Contract duration: 35 days, Daily return: $158, Total return at contract expiration: $10,000 + $5,530
For more details about the contract plans, please visit the official UE Crypto website.
Overview: XRP’s $1 defense battle may be doomed to fail!
Market sentiment is extremely weak, and XRP is severely lacking reasons to rise ahead of the CLARITY Act vote in September. Whale support may only be temporary, and a break below $1 may already be counting down!
The massive amount of leverage accumulated since August is a double-edged sword. Once the $1 level is lost, a cascade of liquidations across leveraged positions could trigger an unforgiving sell-off, causing the decline to accelerate beyond everyone’s expectations.
Stop holding on blindly and switch tracks! The era of simply holding coins and waiting for a massive price surge is already over. Before the storm arrives, XRP holders have already begun turning their attention toward more diversified cloud mining digital asset platforms.
UE Crypto’s cloud mining digital asset platform has a yield mechanism that differs from highly volatile leveraged trading or strategies that rely solely on price appreciation. UE Crypto’s cloud mining services provide users with a low-risk, long-term alternative for participating deeply in the digital asset ecosystem, helping investors move away from short-term market noise, focus on the long-term value of their assets, and establish more resilient and sustainable passive income.
XRP falling below $1 is no longer the beginning of a loss, but the golden opportunity to join UE Crypto and unlock a whole new path to wealth growth.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
That may happen. But last week showed that right now, institutions are choosing selectively.
Grayscale dropped plans for ETFs tied to Cardano, Polkadot and Hedera. None of the proposed products became effective, and no securities were sold.
Tokenization also got a reality check. Securitize shares fell 20% after its first earnings report as a public company missed expectations. Tokenized assets hit a record, and trading activity jumped. Revenue, however, fell short.
That is a useful snapshot of institutional crypto in 2026: Enthusiasm can be genuine without every product, token or business model being a winner. Wall Street isn’t simply “adopting crypto.” It is paying for stablecoin infrastructure, expanding certain ETF strategies and demanding that the businesses behind blockchain’s biggest narratives eventually produce revenue.
4. Tech and security: Coldcard shook self-custody. Bitcoin’s rebellion lasted two blocks.
The most consequential bitcoin flows of the week, however, may not have been selling at all.
About 210,000 bitcoin moved out of long-term holder wallets, according to Glassnode data, the most since December 2024. Normally, that kind of action might look bearish. This time, the transfers were the result of an unauthorized attack on Coldcard’s offline wallets.
Some affected users moved bitcoin into newly generated wallets, while others may have shifted toward regulated custodians or exchange-traded funds; U.S. spot ETFs attracted roughly $754 million during the period.
Chainlink (LINK) has left its bear market behind, according to analyst Michaël van de Poppe, who now expects a run toward $11. The token trades at $9.35, up 6.2% for the day.
The Dutch analyst points to higher highs and higher lows across the LINK chart. Meanwhile, Bitcoin sits in a quiet range, giving traders very little direction.
Chainlink Bull Market Case Rests on the $10.87 Barrier
Van de Poppe’s three-day Binance chart shows LINK closing a candle at $9.33 for a 4.98% gain. That candle opened at $8.887 and reached a high of $9.746.
The rally has run for four straight sessions since August 11. LINK has climbed 12.3% over the past seven days and holds a $6.97 billion market cap, ranking 17th.
Michaël van de Poppe put the shift plainly in a post on X.
“It’s no bear market anymore for $LINK.”
A rising trendline connects the lows since the spring selloff. Price now sits above that line, which supports the uptrend read.
Two resistance bands sit overhead. The first runs near $10.87, while the second waits around $14.42. His $11 target therefore sits just above the first band. Momentum on the lower oscillator has flipped positive after months below zero.
Relative strength against Bitcoin strengthens the argument. LINK has printed higher highs and higher lows on that pair for weeks. Van de Poppe reads this pattern as a fresh macro uptrend rather than a relief bounce.
Institutional demand adds weight to the setup. Daily whale transactions hit a five-month high this week after Standard Chartered set a $200 long-term target.
The token also leads several real-world asset rankings, which strengthens the fundamental case. However, a close back under the trendline near $8.70 would break the structure entirely.
BTC Keeps a Lid on the LINK Rally
Bitcoin tells a duller story. BTC trades at $62,968, down 3.1% over the past seven days.
Van de Poppe marks repeated sweeps of the lows on his daily chart. Those sweeps already cleared long-side liquidity, and buyers keep defending the zone.
Supports now range between $ 58,115 and $ 62,275. Above spot, he flags $65,800 as the first hurdle and a heavier band near $73,674. Short-side liquidity sits above the market. Consequently, a squeeze into that pocket could trigger the next leg higher.
The analyst sees no reason to overtrade such a narrow range. Instead, he recommends steady accumulation for a multi-year hold. He also argues that every push higher raises the odds that the bottom has already formed. That reading fits a market where sellers no longer force lower lows.
Other analysts still debate how the current downturn will resolve. Some warn about a slide toward $50,000 driven by yen volatility.
Altcoins usually need Bitcoin to settle before they run. Recent dominance data suggests that rotation may have already started.
So LINK holds the stronger chart, yet Bitcoin still controls the timing.
The post Chainlink Bull Market Returns as Analyst Targets $11 for LINK appeared first on BeInCrypto.
While the vast Pi Network community anticipates an official confirmation of the successful deployment of protocol version 26, the Core Team actually surprised them by announcing that the Pi Node version 0.6.2 has been released.
Here’s what it means for the project, how Pioneers can benefit, and what’s next.
New Pi Node Version Is Here
The post on the only official X channel associated with the popular project informed that the new node version introduces improvements to SoloHost, node connectivity, and the Pi Desktop user experience. The team said five volunteer Node operators participated in an initial distributed computing test and all received jobs, performed the required computations, and returned the results to a Pi coordinator.
The test represents another step toward Pi’s plan to use the spare computing capacity of its node network for AI and other compute-intensive applications. The project currently has a network of claimed 420,000+ Pioneer-operated computers. The idea is that third-party clients could eventually tap into those resources, while participating node operators could be compensated in the native token for providing computing power.
The future is not yet a fully operational distributed computing marketplace. The latest experiment involved only five volunteers and is part of the project’s broader effort to develop the infrastructure into something usable by external clients.
Node 0.6.2 also introduced UPnP support, designed to make it easier for operators to automatically configure the ports required by Pi Desktop, alongside a new port checker and several SoloHost improvements.
Meanwhile, if you are curious about Pi Network’s latest initiatives, you can check our dedicated article here.
PI Price Update
It was a month ago when the native token slumped to its latest all-time low of $0.07. It rebounded swiftly and challenged the $0.10 resistance within days, but it was expectedly rejected given the current market state and its overall performance in the past year.
Although it dropped below $0.075 once again by the end of the month, the bulls ultimately stepped up and helped it reclaim the $0.08 level. It even tapped $0.094 days ago, but it was stopped again and now sits around $0.09 but on the wrong side.
Its market cap remains below $1 billion, while the upcoming token unlock by the end of the year spells trouble as the immediate selling pressure could intensify soon again.
The post Major Pi Network Update Introduced as PI Fights for Key Support appeared first on CryptoPotato.
Crypto World
Stock Market Week Ahead: Walmart, Target Lead Retail Earnings; Nvidia Among Stocks In Buy Areas
Here’s your Investing Action Plan, what you need to know for the stock market week ahead. Walmart, Target, Home Depot and Ross Stores headline a big week of retail earnings. Alibaba, Viking Holdings, Toll Brothers and Analog Devices also are notable companies reporting. Nvidia is among several stocks flashing buy signals as the market rally gains momentum. Five Stocks Around…
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Crypto World
TradFi obsession with permissioned blockchains is ‘race to the bottom,’ Etherealize CEO Vivek Raman warns
Similar systems, however, have been around the blockchain space for years in one form or another. Early adopters may recall the reams of banks that joined R3’s consortium effort back in 2016, for example, or the many enterprise players that flocked to the Linux-affiliated Hyperledger ecosystem. R3 didn’t make it to the end of the year before the big banks like Goldman Sachs, Morgan Stanley and Santander withdrew from the system.
“It’s like we’re having consortium chain 2.0,” said Raman in an interview. “This is going to end up being a race to the bottom for consortium chains. You’re going to have consortium chains versus consortium chains.”
Raman likened Ethereum’s mainnet to Hypertext Transfer Protocol, or HTTP, the base layer of the internet itself. A more secure, permissioned, privacy-enabled layer, HTTPS, sits on top. An open base layer is necessary, Raman said, because that’s the only way you can have maximum interoperability and maximum liquidity in one place, he said.
“We strongly believe, and always have done, that you need a global, open, permissionless infrastructure as the base layer,” Raman said. “Then you can build all the permissioning on top of it. Whether that’s at the app layer, whether that’s the L2 layer, that’s where you should have the customizability.”
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