The market has broken its green streak and has turned red today.
Over the past 24 hours, the global
The market has broken its green streak and has turned red today.
Over the past 24 hours, the global cryptocurrency market capitalization has decreased by 3.32%, currently standing at $3 trillion.
At the time of writing, the daily crypto trading volume is $111 billion, still trending upwards after a downward spiral.
About half of the top 100 coins per market cap are green today. POL (POL) appreciated the most: 18% to $0.2609. The next biggest increase is Artificial Superintelligence Alliance (FET)’s 9% to the price of $0.6743.
On the other side, Bonk (BONK) fell the most. It’s down 8.2%, now trading at $0.00001449. Immutable (IMX) follows with a 5.4% decrease to the current price of $0.572.
Looking at the top 10 coins category, we find all of them in the red. Dogecoin (DOGE) and XRP (XRP) are down the most. DOGE decreased by 3.7% to $0.1744, while XRP fell 3.6% to $2.18.
At the same time, Bitcoin ($BTC ) dropped 0.5%, currently trading at $92,808, while Ethereum (ETH) dropped 2.4%, now changing hands at $1,752.Brale Set to Become First Issuer of M0-Powered Stablecoins in US Market
, a universal stablecoin platform, has announced that , a US-based, regulated stablecoin issuance and orchestration platform, has officially started the process to become a permissioned Minter on the network.
According to the press release, Brale will be the first issuer of M0-powered stablecoins in the United States market. It is currently in the process of applying to governance to become an official M0 issuer, which will be completed in the coming months.
2/ Fiat stablecoins as we know them have been traditionally closed, monolithic, single-issuer models. However, even the commercial banking system we’ve relied on for decades is an open, federated model. M0 builds on-chain infrastructure because we believe in the transformational…— M0 (@m0foundation)
M0 functions as a stablecoin launchpad. Businesses can build and embed application-specific stablecoins that match their needs and source liquidity for these coins by interacting with a network of M0 stablecoin issuers. Each issuer holds a portion of the overall collateral for the network. It can mint any of the application-specific stablecoins built on the platform. Notably, these share liquidity and interoperability.
Once Brale joins, US-based businesses and developers will be able to source liquidity for their stablecoins through a local, regulated issuer. “This allows M0 to fully offer its stablecoin launchpad capabilities to any digital dollar use case in the US market, while maintaining the platform’s global and decentralized nature,” the press release says.
According to Luca Prosperi, co-founder and CEO at M0, “with the upcoming regulatory clarity around stablecoins in the US, and with the amount of interest we have for our platform, expanding in this direction has been a priority.”
Ben Milne, founder and CEO of Brale, added that “joining as a Minter allows us to further serve inventive stablecoin use cases building on M0 in the US.”You might also likeU.S. Congress Advances Stablecoin Regulation with the Introduction of the STABLE ActRedStone Appoints Former Chainlink Director Mike Massari as Strategic Advisor
RedStone, an oracle network backed by Arrington Capital, has welcomed Mike Massari, former Director of Integrations and Platform at Chainlink Labs, as a strategic advisor.
Per the press release, Massari has more than 15 years of experience building and scaling infrastructure across Web3. Also, while at Chainlink, he led integrations across L1 and L2 ecosystems.
Massari will help RedStone bring novel oracle technologies to market. They’ll start with the upcoming solution for Oracle Extractable Value (OEV). RedStone co-founder Marcin Kazmierczak commented that Massari’s experience scaling Chainlink’s integration strategy is “incredibly valuable as we expand deeper into DeFi and pioneer new oracle technologies, like OEV.”
Furthermore, the new advisor will help the company scale its existing products, develop next-generation oracle infrastructure, expand the integration strategy, strengthen technical partnerships, and accelerate the adoption of the company’s oracle technologies, including RedStone OEV, RedStone Bolt, and RWA solutions, including Proof of Reserves and zk-proofs for institutional use cases.
In 2023 RedStone was looking for product market fit.In 2024 we found it, becoming the fastest growing blockchain oracle.Today, we introduce our roadmap for 2025 and beyond.Our goal: become the leaders in oracle technology. — RedStone ♦️ (@redstone_defi)
“When I was at Chainlink, I saw how difficult it is to keep an oracle network reliable, scalable, and flexible,” Massari says. RedStone has “nailed the fundamentals: real cost savings, flexible data feeds, and multi-chain support.”
The launch of RedStone OEV will open new possibilities for lending protocols like increased capital efficiency and dynamic liquidations, he added.
Massari continued: “Its modular architecture lets RedStone adapt to different use cases without forcing every protocol into the same model. That flexibility is critical as we scale into more L1s, L2s, and app-chains. I aim to bring repeatable integration playbooks, scale internal processes, and support collaborative adoption across ecosystems.”You might also likeRedStone Selected as Official Blockchain Oracle for Securitize’s RWA Expansion with BlackRockInco Raises $5M in Round Led by a16z CSX, Launches Inco Lightning on Base Sepolia
Inco, a project building a confidentiality layer for the blockchain stack, has announced a $5 million funding round led by Andreessen Horowitz Crypto Startup Accelerator (a16z CSX). This round brings the project’s total funding to $10 million.
The raise included new investor Coinbase Ventures and existing investors 1kx Capital, OrangeDAO, South Park Commons, and Script Capital.
Meanwhile, Inco’s first product, Inco Lightning, provides confidentiality to any onchain application. Powered by verifiable compute within a Trusted Execution Environment (TEE), it focuses on speed and latency-sensitive applications.
Confidentiality without lowering performance is necessary in sectors like real-time gaming, high-frequency DeFi, and private transactions, the team argues.
thrilled to announce a $5M strategic round led by CSX, with participation from and existing investors , , , and to accelerate our mission to solve blockchain’s confidentiality problem ☁️ — Inco ☁️ (@inconetwork)
In the future, Inco aims to support multiple L1 and L2 blockchains, starting with Ethereum and Base. Later this year, it also plans to provide an additional, distinct solution leveraging Fully Homomorphic Encryption (FHE) to offer programmable onchain confidentiality in a trustless manner.
“After solving issues like scalability and chain abstraction, confidentiality remains the final challenge for blockchains,” argues Inco Founder Remi Gai, Founder of Inco. “Incorporating privacy as a separate modular layer preserves the performance of the base protocol while allowing cryptographic techniques to be upgraded independently over time without disruption.”
Per Wei Dai, Research Partner at 1kx Capital, “confidentiality is a key missing piece before crypto can go mainstream. Transparency of public blockchain today is a bug, not a feature. We’ve been looking for investments in this space for years […] Having worked with Remi and the Inco team over the past year and a half, we can confidently say that Inco is well-positioned to capture incoming demand in this market.” You might also likeCircle Partners with Inco Network to Launch a More Private Version of ERC-20 Token Standard