Coin overview
RED
Ended--
Last price (USDT)
342.06K
24h total (USDT)
1.50M
Total vol (USDT)
2025-02-27 10:00:00 ~ 2025-03-06 12:30:00
Trading time (UTC+0)
2025-03-06 14:00:00 ~ 2025-03-06 18:00:00
Delivery time (UTC+0)
Total supply597.00M
Resources
Introduction
RedStone is a modular oracle supporting 140+ clients including Morpho, Pendle, Spark, Venus, Ethena, Etherfi, Lombard and many more. While RedStone is live on 70+ chains including the upcoming ones like Monad, Berachain, MegaETH, Unichain, it also ensures further innovation on established ecosystems i.e. Ethereum or Base. Thanks to RedStone reliable infrastructure DeFi teams can build their solutions withought limiatations met with legacy oracle providers. As the only oracle RedStone provides both Push and Pull oracle model cross-chain.
Whales and Institutions Build Bitcoin Holdings Amid Predictions of a Steady Easter Weekend
Crypto firms and large investors are ramping up their Bitcoin purchases as analysts anticipate a calmer weekend following recent market fluctuations. Market dynamics are shifting with whales accumulating Bitcoin, reflecting strong institutional confidence amid ongoing economic uncertainties. “Investors are becoming more strategic with their holdings,” said a representative from Arkham Intelligence, underscoring the recent buying spree. Crypto whales are accumulating Bitcoin, with institutions showing strong confidence as market analysts predict a stable weekend ahead. Crypto Analysts Eye Quiet Easter Weekend After Weeks of Turmoil Despite significant accumulation by institutional investors and whales, concerns about market volatility linger as over 170,000 Bitcoin have recently entered circulation. This influx, particularly from the medium-term Bitcoin holders—who typically retain their assets for three to six months—alerts analysts to potential market shifts. Market Movements Indicate Possible Volatility According to analysis from CryptoQuant, the recent surge in Bitcoin supply could herald “imminent” volatility in the market. However, analysts from Bitfinex have noted that historical patterns indicate major on-chain movements typically do not impact weekend price actions significantly, especially given that the US markets will be closed for Easter. “With funding rates remaining stable and the lack of active trading in liquid markets, we expect limited volatility unless influenced by unexpected news,” they cautioned. Understanding the Recent Bitcoin Accumulation Trends The recent wave of buying activity is not merely speculation but a strategic accumulation by several large entities eager to position themselves favorably in a shifting economic landscape. Marcin Kazmierczak, the COO of RedStone Oracles, remarked, “These movements might be operational in nature rather than indicative of an upcoming sell-off.” In the context of heightened scrutiny following significant price fluctuations in various digital assets, this strategic accumulation reflects a calculated approach by key market players. Risks of Weekend Volatility in Crypto Markets Recent events have underscored the elevated risk of weekend volatility in the cryptocurrency space. A dramatic collapse in the price of the Mantra (OM) token on April 13, alongside a substantial drop in Bitcoin’s value two weeks prior, has heightened concerns among investors. “The liquidity issues and manipulation allegations highlighted during these price movements emphasize the need for caution,” remarked financial analysts. The Impact of Continuous Trading on Bitcoin Valuation Bitcoin’s unique 24/7 trading environment often subjects it to extreme price movements during low-volume periods, such as weekends. Blockstream CEO Adam Back explained, “These rapid fluctuations are largely due to the low volume of trades during this time, which can exacerbate price changes.” This underscores the importance of strategic timing and understanding market behavior, especially during weekends and holidays. Conclusion In summary, while the steady accumulation of Bitcoin by whales and institutions suggests continued confidence in the asset, investors must remain vigilant to potential volatility spikes. The unique characteristics of the cryptocurrency market necessitate a careful, well-informed approach as stakeholders navigate this complex landscape. Understanding market dynamics will be crucial as we observe the impacts of the upcoming holiday weekend. In Case You Missed It: Synthetix Outlines Strategies Amid sUSD's Depegging Challenges and Market Volatility
Securitize acquires MG Stover fund services arm; $38 billion in assets now under administration
The real-world asset (RWA) tokenization firm Securitize has acquired a crypto-centered fund administration company out of MG Stover for an undisclosed amount. The acquisition aims to bolster digital asset fund administration for Securitize Fund Services, the company’s in-house platform, according to a release Tuesday. The deal brings Securitize’s assets under administration to $38 billion across 715 funds, making it one of the largest digital asset fund administrators. Securitize did not acquire MG Stover in full; the company acquired only its fund administration division. MG Stover was acquired by PolySign in 2022. The addition of MG Stover’s fund administration team will expand Securitize Fund Services’ offerings, including helping companies and funds raise capital through tokenized securities and simplifying the process of turning traditional assets into tokenized ones, the release said. "Securitize's acquisition of MG Stover's Fund Administration business cements our role as the most comprehensive platform for institutional grade real-world asset tokenization and fund administration," said Securitize Co-Founder and CEO Carlos Domingo in a statement. "This is a significant step in our growth, reinforcing our commitment to expanding our capabilities as we serve an ever-expanding cohort of asset issuers and investors." Securitize has been expanding its crypto-focused offerings since integrating its first oracle in mid-March, The Block previously reported. The company enlisted RedStone as its primary data provider to help bring tokenized funds from BlackRock, KKR and other institutions into decentralized finance. MG Stover is a Denver-based fund administration firm that provides services for digital asset funds, private equity, hedge funds and venture capital, according to its website. The Block reached out to Securitize and MG Stover for comment. Last year, the world's largest asset manager BlackRock selected Securitize to tokenize the BlackRock USD Institutional Digital Liquidity Fund ( BUIDL ) and issue it on a public blockchain. BUIDL crossed $1 billion in assets under management in March of this year, The Block previously reported.
Spark and RedStone partner on campaign to reward DeFi users with approximately $6 million worth of RED tokens
Spark, a subDAO that is part of the Sky (formerly MakerDAO) ecosystem, has launched a new initiative to "reward user participation." The program, called Spark Rewards, will offer weekly token payouts to "users who take specified onchain actions that contribute to the growth of the Spark ecosystem." The first campaign will be run in collaboration with oracle provider RedStone. As part of the initiative, RedStone will integrate price feeds to Spark’s existing oracle system maintained by Chronicle and Chainlink. Spark, a decentralized lending platform, notes that "most DeFi protocols only use one oracle provider." Participants in the so-called "RED Season" program will supply cbBTC, a wrapped version of bitcoin created by Coinbase, to the SparkLend smart contract on the Ethereum mainnet in exchange for RedStone’s recently launched RED token. Approximately 11.5 million RED tokens worth about $6 million are expected to be distributed over the campaign. "Spark Rewards is all about unlocking synergies across DeFi," Sam MacPherson, CEO and co-founder of Phoenix Labs, the RD company behind Spark, said in a statement. "By empowering users to actively contribute, we’re strengthening the entire ecosystem to create a more resilient, connected, and user-aligned DeFi landscape that truly benefits everyone involved." Spark has attracted over $2.1 billion liquidity and generates $130 million in annualized revenue. Last year, the protocol announced a $1 billion Tokenization Grand Prix competition to onboard real-world assets into DeFi by offering capital to selected participants, including giant asset managers Apollo and BlackRock and crypto-natives like Superstate. RedStone was recently tapped by Securitize as its primary oracle for tokenized funds issued by BlackRock, Apollo and other financial institutions.
XRP price forms doji after bullish Ripple news, gains to be short-lived
The XRP price has formed a giant doji candlestick pattern, pointing to a potential relief rally after some positive Ripple news. Ripple (XRP) retested the important resistance level at $2, up about 20% from the lowest level this week. However, it remains roughly 43% below its highest point this year. The first notable XRP news came from Standard Chartered, which estimated the coin could surge from $2 to $12 over the next four years. Such a move would push Ripple’s market capitalization from the current $113 billion to over $600 billion, assuming the supply remains unchanged. Analysts cited Ripple’s growing role in the cross-border payments sector, which is currently dominated by SWIFT. Ripple has positioned its solution as more transparent, faster, and more cost-effective. While a typical SWIFT transaction costs between $20 and $50, Ripple’s costs less than $1. Additionally, Ripple transactions are completed instantly, whereas SWIFT transfers often take longer. You might also like: Ripple acquires prime broker Hidden Road for $1.25 billion to expand institutional services In a recent interview, Brad Garlingouse, Ripple’s CEO, noted that the end of the SEC casehas led to more partnerships with American companies. Most of these firms kept off Ripple when the case was going on, leading to make more partnerships with international companies. Standard Chartered also highlighted Ripple’s progress in the stablecoin sector. Its RLUSD token has now reached a market cap of nearly $300 million. Just last week, Ripple integrated RLUSD into its payment network. The other top Ripple news was its decision to acquire Hidden Road, in a $1.25 billion deal. This acquisition will expand Ripple’s institutional reach by tapping into Hidden Road’s established customer base. XRP price technical analysis as it forms a doji candle XRP price chart | Source: crypto.news On the daily chart, XRP fell to a low of $1.6145 on Monday, marking its lowest level since November and aligning with the 50% Fibonacci Retracement level. This decline came as broader crypto markets dropped amid ongoing trade jitters. Following the sell-off, XRP formed a giant doji candlestick, typically characterized by a long upper and lower shadow and a small real body. This pattern often signals a potential trend reversal, which helps explain the token’s bounce back toward the key $2 level. However, XRP price still faces some substantial risks ahead. For one, there is a risk that this rebound is a dead cat bounce or a bull trap. Such a price action is usually a temporary rebound that leads to more downside. Another risk is the possibility of a break-and-retest pattern, where an asset breaks below a key support level and then retests it from below. In this case, XRP’s retest of $2, the neckline of a bearish head and shoulders pattern that formed between November and this week, could indicate more downside ahead. Lastly, XRP has already formed a death cross, with its 50-day moving average crossing below the 200-day moving average. This bearish signal suggests that the downtrend may resume, potentially pushing the price below $1 in the short term before any eventual recovery. You might also like: RedStone launches Bolt, a real-time oracle built for speed on MegaETH
RedStone launches "Bolt" oracle on Ethereum expansion solution MegaETH
Odaily Planet Daily reports that the prophecy machine development team, RedStone, has become the latest project deployed on Ethereum's Layer 2 network, MegaETH. The innovative architecture they use breaks the limitations of traditional Rollup solutions. This collaboration coincides with the launch of MegaETH's public testnet - this is the final preparation stage before the main network starts up. Marcin Kazmierczak, co-founder of RedStone, stated that their Bolt system will provide a "plug and play" feature compatible with traditional push data architectures of mainstream DeFi protocols such as Compound and Aave. (The Block)
RedStone launches Bolt, a real-time oracle built for speed on MegaETH
RedStone has launched a new oracle service called RedStone Bolt, designed to provide near-instant price updates to decentralized applications. The product is live on the MegaETH testnet and is designed specifically for blockchains that process data at high speeds, like MegaETH, which targets 100,000 transactions per second, according to a note shared with crypto.news. Oracles are tools that send real-world data, like asset prices, onto blockchains, where smart contracts can use them to execute decisions. Many existing oracles use a slower, “pull” model where smart contracts request data. RedStone Bolt uses a “push” model that sends updates automatically and faster, reducing the delay between market price changes and when they show up on-chain. Real-time performance data Bolt is built for real-time performance. It can update price data every 2.4 milliseconds, compared to the 10-second intervals in RedStone’s ( RED ) existing feeds. This speed is necessary for new blockchains like MegaETH, where blocks are created every 10 milliseconds. Because RedStone Bolt uses the push model, it can work with many existing DeFi protocols without requiring them to change their code or go through new audits. The system streams data directly from centralized exchanges, aggregates it, and delivers it on-chain almost immediately. This is meant to support DeFi apps that rely on up-to-date pricing to avoid risks like flash loan attacks or incorrect liquidations. RedStone Bolt is available now on the MegaETH testnet. Developers building on the chain can test real-time data flows and begin integrating the oracle without additional engineering work.
RedStone rolls out new 'Bolt' oracle on monolithic Ethereum scaling solution MegaETH
RedStone, the oracle development team, is the latest project to deploy on MegaETH, the buzzy Ethereum Layer 2, bucking the traditional rollup trend. The move follows shortly after MegaETH launched its public testnet, the last step before deploying its much-anticipated mainnet. “As MegaETH scales toward 100,000 TPS and sub-millisecond latency, RedStone is the only oracle fast enough — and flexible enough — to keep up,” the team wrote in a statement, noting the oracle service can push out price updates “every 2.4 milliseconds.” Oracles are a key component of the blockchain ecosystem. They are purpose-built systems that feed off-chain information, including prices and other data, to onchain smart contracts. RedStone’s latest oracle system, RedStone Bolt, was designed through a partnership with MegaETH. Bolt is said to be “the first and only ultra-fast, sub-second, push oracle.” Unlike "pull oracles,” which require specific smart contracts to actively request data from an oracle as needed, push oracles proactively "push" data to the blockchain without being prompted. RedStone Bolt will feature “plug-and-play” capabilities to integrate with “protocols built for traditional push feeds” like DeFi giants Compound, Morpho, Spark, Venus, Euler, Fluid and Aave, RedStone co-founder Marcin Kazmierczak said in a statement. Last month, institutional tokenization firm Securitize tapped RedStone as its primary data provider for current and future products issued by the likes of Apollo, BlackRock, Hamilton Lane and KKR, enabling those institutional funds to deploy deeper into DeFi. RedStone, which raised $15 million in Series A funding from Arrington Capital, Kraken Ventures and others, powers protocols on Ethereum, Avalanche, Polygon and 70 other chains. MegaETH is looking to become a “monolithic” scalability solution for Ethereum by tapping alternative data availability solutions like EigenLayer and using bespoke sequencers that operate in parallel. The project testnet achieved 20,000 TPS on its first day and hopes to quadruple that.
Bitcoin ETFs and Crypto Stocks Suffer – Is a Market Rebound Imminent?
Key Points Former President Trump’s tariff announcement led to a significant drop in U.S. crypto stocks and ETFs. Despite the downturn, BlackRock’s IBIT experienced net inflows, demonstrating the resilience of the crypto market. Former President Trump’s recent tariff announcement led to a sharp decline in the crypto market on 3rd April. This announcement escalated global trade tensions and shook investor confidence. Impact on Crypto Stocks Major U.S. crypto stocks, including Coinbase Global and MicroStrategy, suffered significant losses. The mining sector was also affected, with companies like MARA Holdings, Riot Platforms, and Bitfarms experiencing declines. The downward trend persisted, with Coinbase, MicroStrategy, and Riot reflecting the broader market unease. Effect on Crypto ETFs The impact of Trump’s tariff announcement also affected U.S. spot bitcoin ETFs, with significant outflows observed. On 3rd April, these ETFs experienced a net outflow of $99.86 million, reversing the previous day’s inflow. Grayscale’s GBTC led the outflows, followed by Bitwise BITB and Fidelity FBTC. Despite the downturn, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, attracted $65.25 million in net inflows, demonstrating its resilience amid market volatility. The largest cryptocurrency, Bitcoin [BTC], fell by 3.9%, and Ethereum [ETH] dropped 5.2% as investor sentiment soured. Community Reaction Marcin Kazmierczak, COO of blockchain firm RedStone, stated the declines highlight the increasing link between digital assets and macroeconomic policy changes. David Hernandez from 21Shares stated that the impact on the crypto market was less severe compared to other industries. Despite the turbulence, the crypto market is showing signs of resilience amid global economic shifts and regulatory developments. Tags: Bitcoin (BTC)
Bitcoin holds strong as $5 trillion wiped from stocks
Bitcoin (CRYPTO:BTC) has demonstrated remarkable resilience during a historic $5 trillion sell-off in the S&P 500, triggered by U.S. President Donald Trump’s announcement of reciprocal import tariffs on April 2. The tariffs, aimed at reducing the $1.2 trillion trade deficit and boosting domestic manufacturing, caused the largest stock market drop on record, surpassing the $3.3 trillion decline during the early days of the COVID-19 pandemic. While traditional markets plunged, Bitcoin dipped only 3.7% over the same period, trading at approximately $83,600 as of April 5. Analysts view this divergence as a sign of Bitcoin’s evolving role as a hedge against financial instability. “What we’re potentially witnessing is an evolution in Bitcoin’s market positioning,” remarked Marcin Kazmierczak, co-founder of RedStone blockchain oracle firm. He explained that Bitcoin’s fixed supply architecture contrasts with fiat currencies, which may face inflationary pressures under tariff-driven economic changes. Despite its initial dip, Bitcoin maintained its key support level above $82,000, signaling structural demand remains intact even amid heightened volatility. Iliya Kalchev, an analyst at Nexo dispatch, noted that this stability underscores Bitcoin’s growing appeal as a reliable asset during economic uncertainty. James Wo, CEO of venture capital firm DFG, added that Bitcoin’s resilience could strengthen its narrative as “digital gold.” “Its hard-capped supply and decentralised nature position it as an increasingly reliable store of value,” he stated. However, Wo cautioned that Bitcoin’s price remains influenced by macroeconomic trends due to increased institutional exposure through ETFs. Looking ahead, analysts predict Bitcoin’s price could rise significantly in 2025. Jamie Coutts of Real Vision estimates that growing money supply dynamics could push Bitcoin’s value above $132,000 by year-end. At the time of reporting, the Bitcoin (BTC) price was $79,183.85.
Bitcoin’s Resilience During $5 Trillion Sell-Off Suggests Potential Emergence as a Hedge Against Financial Instability
Bitcoin’s stability amidst unprecedented market turbulence highlights its potential as a hedge against instability, marking a pivotal moment in cryptocurrency’s evolution. Analysts are suggesting that Bitcoin’s recent performance may indicate a shift in investor perception, reinforcing its role as a viable alternative asset. Marcin Kazmierczak, co-founder of RedStone, emphasized, “This divergence might signal an emerging perception shift among investors” as Bitcoin’s resilience is tested. Bitcoin’s resilience during the recent $5 trillion sell-off indicates a potential evolution in its market positioning, raising its profile as a hedge against instability. Bitcoin’s Resilience During Record Market Downturn In light of the recent $5 trillion sell-off in the SP 500, Bitcoin has demonstrated remarkable resilience. With a mere 3.7% dip during the two-day market collapse, Bitcoin’s relative stability has sparked renewed conversations about its evolving role in the financial landscape. The massive sell-off, which exceeded the losses during the onset of the COVID-19 pandemic in March 2020, has raised questions about traditional asset dependence and the increasing appeal of cryptocurrencies. As reports revealed, the SP 500’s historic decline was primarily triggered by trade tariff announcements designed to address a significant trade deficit. Bitcoin’s performance during this crisis shows that it has not only survived but has potentially solidified its status as a digital safe haven. Analysts are taking note of this trend, with a growing consensus that Bitcoin’s fixed supply architecture may offer a bulwark against inflationary pressures exacerbated by such economic turmoil. The Evolving Perception of Bitcoin Among Investors James Wo, founder and CEO of venture capital firm DFG, elaborates on the shifting perceptions, stating, “If Bitcoin remains resilient amid ongoing uncertainty, its hard-capped supply and decentralized nature could strengthen its ‘digital gold’ narrative.” This sentiment resonates well with institutional investors who are now increasingly looking at Bitcoin as a serious investment vehicle due to its potential as a store of value. Furthermore, with the advent of Bitcoin ETFs, institutional exposure to Bitcoin has significantly increased, indicating a broader acceptance that could insulate it against traditional market volatilities. Such shifts suggest that Bitcoin could play a more prominent role in diversified investment portfolios, especially during economic downturns. Potential Future Trajectories for Bitcoin Looking ahead, analysts like Jamie Coutts from Real Vision are forecasting compelling upside potential for Bitcoin. Projections estimate that Bitcoin could rise above $132,000 by 2025, driven by increasing money supply amid evolving macroeconomic environments. This optimistic outlook is underpinned by historical trends where Bitcoin has reacted positively to increases in the monetary base, suggesting that as fiat currencies become more inflationary, Bitcoin could see a renewed interest. Conclusion In conclusion, the recent market turmoil and Bitcoin’s ability to maintain its footing could indicate a transformative phase in how investors perceive cryptocurrencies. Should Bitcoin continue to uphold its status amidst traditional market fluctuations, it may not only establish itself as a hedge against inflation but could also reinforce its position as a reliable store of value. Investors looking for stability might find crypto assets, particularly Bitcoin, increasingly attractive as we venture further into a volatile economic landscape. In Case You Missed It: SEC Releases Guidance on Stablecoins, Suggesting Potential Regulatory Clarity for Tether's USDT and Circle's USDC
RedStone price awaits the next catalyst as it erases recent gains, trading near key support
RedStone has erased all of its recent gains from the last major update, entering a period of consolidation as the market awaits the next catalyst. RedStone ( RED ) has dropped to $0.50, marking an 18% decline over the past week and a 43% drop from its $0.89 peak on March 16. On March 14, the modular oracle RedStone rolled out out the DRILL program , aiming to reward early adopters and accelerate the growth of the RedStone ecosystem by allocating 4.5% of the total RED token supply to core users. The announcement triggered a surge in the token’s price, reaching $0.7545 — its highest point since March 7. This upward momentum continued, with the price climbing further to $0.89 on March 16. However, after peaking on March 16, RED has plunged into a clear downtrend. It has been trading below the 9-day exponential moving average since March 20. Volume has also been tapering off. The price is currently hovering around $0.50, a key support level where it has been consolidating since then. Source: crypto.news The Relative Strength Index sits at 47.21, indicating neutral momentum, with buying and selling pressures relatively balanced. This suggests that the market is in a wait-and-see mode, waiting for a catalyst to decide the next move. A break above the 9-day EMA and $0.60 could signal a trend reversal, especially if RSI climbs above 50. A break below $0.50 could trigger further downside, with the next support levels at $0.45 and $0.40.
Is RedStone Crypto a Legit Competitor to Chainlink? RED Price is Undervalued
Blockchain oracles connect real-world data to decentralized networks , and RedStone Crypto (RED) is stepping up to challenge the Chainlink (LINK) hegemony. By 2025, Chainlink, Pyth, and RedStone Crypto are shaping the oracle landscape, each with its own edge. Here’s how they compare. Key Similarities Across Chainlink, Pyth, and RedStone Crypto Chainlink, Price Volume in 24h Price 7d , and Price Volume in 24h Price 7d may approach it differently, but they deliver the same core promise: precise and dependable price feeds for major assets across leading blockchains. Price Volume in 24h Price 7d may dominate the oracle space, but RedStone is grabbing headlines. By meeting the demand for fast, precise DeFi data, this upstart has sparked more intrigue than its established rival. #RedStone ( $RED ) – #Roadmap 📜 Past: Foundation and Early Development 🔹 2021: Concept and Foundation 🏗️ RedStone was founded with the goal of building a flexible and efficient oracle system that addresses the limitations of traditional oracles. The project focused on… pic.twitter.com/LtK677uESL — CryptoJournaal (@CryptoJournaal) March 25, 2025 To separate these, you should consider the following for RedStone: Are they a legit competitor to Chainlink? Not yet, they have a ways to go. LINK is the largest crypto by market capitalization in the oracle coins sector. Will it pump harder than Chainlink in the short term? Likely yes. They already have . In this crypto space, hype and speculation are everything, and RED is on the come-up. This space is is also desperately trying to deliver Chainlink an L in its own home. That’s why Pyth Network and Wormhole, two other Oracle competitors, the former outperformed Chainlink this month. RedStone Price Action ( REDUSDT ) Redstone’s breakout is gathering steam. A golden cross just formed with the 20-day SMA ($0.6880) overtaking the 200-day SMA ($0.6177), adding weight to its bullish momentum. The RSI is nearing overbought territory at 64, while volume spikes confirm buyers are backing the move. If the price clears $0.70 with strong follow-through, $0.74-$0.75 could be the next target. Support is steady at $0.66. What Sets RedStone Crypto Apart From the Rest While the similarities create a strong foundation of utility, the differences between these three players highlight their unique strengths. Here’s a closer look at what makes each oracle distinct: Chainlink: Chainlink, the veteran, champions reliability and aggregators in its Push model, servicing juggernauts like Venus and Aave. Pyth Network: Pyth moves fast, built around the Pull model, honing in on perpetual markets and staking with the help of Wormhole. RedStone Crypo: RedStone flips the script, combining both models for unmatched flexibility, delivering low-latency, gas-efficient feeds for cutting-edge use cases like Proof of Reserves. DeFi’s backbone is built on oracles, each with a distinct edge. Chainlink secures its legacy with proven reliability; Pyth focuses on speed; and RedStone pushes boundaries with adaptability and cross-chain precision. They all have a strong chance of performing well if we enter a bull market. EXPLORE: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Blockchain oracles shows RedStone Crypto (RED) is stepping up to challenge the Chainlink (LINK) hegemony. Alternatively, Pyth moves fast with the help of Wormhole. $LINK is still the largest cryptocurrency by market capitalization in the oracle coins sector.
SEC crypto roundtable highlights Stark opposition to regulatory reform
The U.S. Securities and Exchange Commission (SEC) hosted its first crypto-focused roundtable on March 21, 2025, as part of its “Spring Sprint Toward Crypto Clarity” initiative. The event brought together industry experts, former regulators, and legal professionals to discuss digital asset classification and regulatory approaches, revealing sharp divisions over how to balance innovation with investor protection. Former SEC enforcement official John Reed Stark emerged as a vocal critic of regulatory reform, arguing that existing securities laws adequately address digital assets. “The people buying crypto are not collectors. We all know that they are investors, and the mission of the SEC is to protect investors,” Stark stated, emphasising that crypto firms have repeatedly lost legal battles against the agency. He dismissed calls for tailored regulations, asserting that the Securities Act of 1933 and 1934 should not be altered to accommodate cryptocurrencies. Others, including crypto advocates and legal experts, pushed for clearer guidelines to differentiate decentralised assets from traditional securities. Marcin Kazmiercak, co-founder of RedStone, noted that regulatory clarity could stabilise markets and boost institutional confidence, while Altan Tutar of MoreMarkets cautioned that the SEC’s withdrawal of its Ripple appeal set a narrow precedent rather than industry-wide clarity. Panelists grappled with defining decentralisation as a metric for determining whether a token qualifies as a security. Lee Reiners, a Duke University lecturer, acknowledged Bitcoin’s (CRYPTO:BTC) decentralised nature but questioned how to draw consistent lines for other assets. “Drawing a line to define if something is sufficiently decentralised or an investment contract is impossible,” he said, citing a CFTC report that frames decentralisation as a spectrum. The roundtable marked a departure from the SEC’s earlier enforcement-heavy approach under former Chair Gary Gensler. “We’re moving on multiple tracks here” to address regulatory gaps, Acting Chairman Mark Uyeda emphasised, highlighting the agency’s intent to collaborate with industry stakeholders. Commissioner Hester Peirce, head of the crypto task force, reiterated the SEC’s goal to “seek earnestly to find a workable framework” that balances innovation and oversight.
RedStone clarifies: No collaboration with Web3Port and Whisper
PANews reported on March 20 that DeFi oracle RedStone posted on platform X, stating: "We have noticed recent rumors about RedStone collaborating with market makers Web3Port and Whisper. We would like to clarify that RedStone has not collaborated with these parties, and any statements about such collaborations were released without our knowledge or consent. Upon discovering such materials, we immediately requested their removal, but some traces may still be indexed. There is no collaboration between us and these parties, nor do they have any impact on our market operations. These misleading statements could potentially lead to serious consequences and actual damage. We explicitly state that these entities have never provided any market-making services for RedStone."
RedStone ($RED) Surges 42%, Hits $200M Market Cap
$RED surged 42% in 24 hours, reaching $0.73. The market cap surpassed $200 million. Growing interest in RedStone’s DeFi solutions drives momentum. RedStone ($RED), a decentralized oracle network, has experienced a massive 42% surge in the past 24 hours. The token’s price climbed to $0.73, pushing its total Market capitalization beyond $200 million. This significant price action highlights growing investor interest and the rising adoption of RedStone’s innovative Defi solutions. What’s Driving RedStone’s Rally? RedStone’s recent price surge is attributed to its expanding use cases in the DeFi ecosystem. Unlike traditional oracles, RedStone offers cost-efficient and customizable data feeds, making it an attractive choice for Blockchain applications. The increasing demand for reliable oracle services in decentralized finance has positioned RedStone as a strong contender in the market. Additionally, positive market sentiment and increased trading volume have contributed to the token’s rapid appreciation. As DeFi projects integrate RedStone’s technology, its value proposition continues to strengthen, drawing both retail and institutional investors. . @redstone_defi ( $RED ) is up 42% in the past 24 hours, hitting $0.73 and surpassing a $200M market cap. pic.twitter.com/2jA7VjPODr — Satoshi Club (@esatoshiclub) March 15, 2025 Will $RED Maintain Its Momentum? While the recent rally is impressive, sustainability depends on continued adoption and network growth. If RedStone secures more partnerships and expands its ecosystem, further price appreciation could follow. However, market volatility remains a factor, and investors should stay informed about developments in the project. With $RED now surpassing a $200 million market cap, all eyes are on whether it can maintain this momentum or face a correction in the coming days. Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
RedStone initiates the DRILL plan, with 4.5% of token supply proposed to be allocated to core users
DeFi oracle RedStone has announced the launch of the RedStone DRILL plan on platform X, which will allocate 4.5% of RED supply to core users of RedStone as a reward for early adopters of RedStone technology and to stimulate rapid growth in the RedStone ecosystem. The DRILL plan is built around five strategic pillars designed to have a lasting impact: Develop (which will receive 15% of allocated tokens), Reinforce (which will receive 60% of allocated tokens), Innovate (which will receive 20% of allocated tokens), Launch (which will receive 5% of allocated tokens) and Learn.
Bitcoin risks $75K drop as EU-US tariff tensions escalate
The European Union's retaliatory tariffs on $28 billion worth of U.S. goods, set to take effect in April, are raising concerns about heightened market volatility, including potential corrections in Bitcoin's (CRYPTO:BTC) price. Analysts warn that these geopolitical tensions could push Bitcoin below the critical $75,000 support level. The European Commission announced the tariffs on March 12 in response to the U.S. imposing a 25% tariff on steel and aluminum imports. This move reignites fears of a prolonged trade war, which could weigh on global financial markets and cryptocurrencies. Marcin Kazmierczak, COO of blockchain oracle firm RedStone, noted that counter-tariffs often signal further retaliatory actions, adding that Bitcoin could revisit $75,000 amid these uncertainties. However, he also suggested that stablecoins and real-world assets remaining at all-time highs might offer some support for a rebound. Ryan Lee, chief analyst at Bitget Research, emphasised that while Bitcoin is influenced by macroeconomic conditions like trade policies, other factors such as institutional adoption and regulatory developments also play a significant role. "The prices are correlated with wider economic conditions but are also influenced by factors beyond trade policies," Lee explained. Bitcoin has already experienced a 7% decline over the past week, trading at $81,000 as of March 12. Trading volumes have also dropped significantly, reflecting reduced investor activity amid growing uncertainty. Analysts from Nansen highlighted that "tariff noise" is likely to persist until after April 2 when reciprocal tariff announcements and negotiations may provide more clarity. This ongoing tension is expected to limit risk appetite across traditional and cryptocurrency markets. Historically, such geopolitical developments have led to increased volatility in Bitcoin markets. For instance, following the U.S.'s initial tariff announcement in February, Bitcoin saw sharp declines alongside a surge in trading volumes as investors reacted to the news. As Europe’s new tariffs take effect by mid-April, market participants remain cautious about how escalating trade disputes will impact Bitcoin and broader financial markets. The interplay between macroeconomic pressures and cryptocurrency resilience will be closely watched in the coming weeks. At the time of reporting, the Bitcoin (BTC) price was $83,552.09.
RedStone (RED) Soars 25% with “One Day Five Big Events”
Key Notes RedStone has partnered with Securitize, a major firm in the RWA sector. RED holders will now have staking incentives via EigenLayer (EIGEN). The altcoin has secured listings on exchanges Coinbase and Bitvavo. . RedStone is currently trading at $0.5882, marking a 23% increase in the past 24 hours. The token’s market capitalization has jumped to $164 million, following a series of major announcements by the RedStone team on X . RedStone’s Five Major Announcements RedStone has secured a spot as the primary oracle provider for Securitize, a key player in the real-world asset (RWA) tokenization space, which includes BlackRock’s BUIDL fund. While talking about the partnership, Securitize co-founder Carlos Domingo said RedStone will allow the firm to “transact with tokenized securities on-chain, but also integrate them into existing DeFi infrastructure and develop entirely new DeFi primitives.” RedStone also announced new staking incentives for RED holders through EigenLayer (EIGEN). EIGEN tokens will be periodically released to stakers in RedStone’s EigenLayer AVS. https://twitter.com/redstone_defi/status/1899779757853782371 RED has secured listings on two major centralized exchanges: Coinbase and Bitvavo. The project has also been the official Day 1 oracle partner for Hemi testnet and mainnet. Notably, market participants are now anticipating a listing for the RED token on Binance, the world’s largest cryptocurrency exchange. RED Price Outlook On the RED’s 4-hour price chart, the MACD line has crossed above the signal line, accompanied by increasing green histogram bars. This suggests that momentum is shifting toward the bulls, potentially signaling further upside. However, the MACD is still in negative territory, meaning the trend is yet to fully reverse. Meanwhile, the RSI is around 55, which indicates a slight bullish momentum but no signs of overbought conditions. If RSI continues rising, it could indicate increasing buying pressure, potentially leading to a further price breakout. However, a drop in RSI could trigger a price correction. If RED maintains its current bullish momentum, it could test resistance levels around $0.63–$0.65. However, if selling pressure increases, a drop toward the $0.50 support zone remains a possibility. While RED has gained strong traction from the crypto community, many investors remain cautious given the broader market conditions. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Tokenization firm Securitize taps RedStone as first oracle for onchain funds from Apollo, BlackRock and others
Institutional tokenization firm Securitize has tapped RedStone as its primary data provider for its current and future products issued by the likes of Apollo, BlackRock, Hamilton Lane and KKR. Oracles deliver price feeds and other data for smart contract-based systems that rely on offchain information. The move represents a serious step forward for the “real-world asset” sector. Billions of dollars have been invested in RWAs based largely on the idea that tokenized financial products — representing anything from individual equities to onchain hedge funds — will have more utility. However, much of the infrastructure needed to support this is still being built out. "Before, Securitize did not use oracles as tokenized funds like BlackRock BUIDL were not used in DeFi," RedStone Chief Operating Officer Marcin Kazmierczak told The Block in a message. "It was simply a tokenized representation of the fund onchain with no functionality." The RedStone integration, in other words, is making it easier to bring onchain finance … onchain. Kazmierczak noted in particular that oracle feeds will provide an avenue to plug Securitize-issued funds into DeFi protocols like Compound, Morpho and Spark. In particular, RedStone will be the eyes and ears for the Apollo Diversified Credit Securitize Fund (ACRED), BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE), among other institutional offerings. A Securitize spokesperson noted that the company's sToken functionality launched in November already gave these products a degree of composability. BUIDL, for instance , had been "integrated into DeFi, with Elixir as an example," he said. Built using Ethereum's ERC-4626 token standard for vaults, sTokens provide a way for accredited investors to earn yield on assets like BUIDL and SCOPE while maintaining liquidity through Elixir's deUSD synthetic dollar. However, introducing an oracle "will significantly expand the potential use cases of these assets, including applications in money market exchange venues or as collateral in decentralized finance (DeFi) platforms." Kazmierczak noted Securitze ran a "diligent, months' long research on oracles" before picking RedStone as its first oracle provider. The system uses a "modular design" that "can scale to thousands of chains and support new implementations in a matter of days in a safe manner." The tool currently supports applications on Ethereum and EVM-compatible chains like Avalanche and Polygon as well as TON, Sui and Fuel. "RedStone was designed with modular architecture that is omnichain by default, as opposed to the monolithic approach of first-generation oracles, which were designed when only Ethereum was a chain with active smart contracts utilization," Securitize told The Block in an interview. "It's simple and cost-efficient for RedStone to add new price delivery modules to support any blockchain. For competitors, crosschain support requires integrating interoperability solutions, adding additional potential points of failure, or even entire network redeployments, which need to be synced with each other." RedStone features other advantages, including the use of Arweave for permanent data storage. The oracle system has also yet to face downtime or a mispricing event. Arrington Capital led RedStone’s $15 million Series A funding in July 2024. The protocol launched its RED token last week.
Arrington Capital-Backed RedStone Launches RED Token on Ethereum
Last updated: March 6, 2025 14:28 EST RedStone, a blockchain oracle provider backed by Arrington Capital, announced on Thursday the launch of its native token, $RED, on the Ethereum network. 1/ $RED has been listed for trading on Binance. RED is be live on every major Centralized Exchange, including: Bybit, Bitget, Kraken, KuCoin, Gate, HTX, MEXC and more are coming. — RedStone Oracles ♦️ (@redstone_defi) March 6, 2025 In a press release shared with CryptoNews, the firm said the token is designed to secure and decentralize RedStone’s oracle infrastructure by allowing staking, enhancing economic security, and introducing a sustainable oracle economy. “The introduction of the $RED token marks a crucial step toward decentralizing our oracle infrastructure while reinforcing the security and reliability of DeFi applications,” said Marcin Kazimierczak, co-founder of RedStone. “By integrating staking through RedStone AVS on EigenLayer, we align incentives for data accuracy and expand the potential of what oracles can achieve,” said Kazimierczak. Stakers Earn Rewards in $RED The staking model will allow both data providers and token holders to participate in securing the network. Data providers stake $RED to guarantee the reliability of the price feeds they supply, while token holders stake directly within the RedStone AVS to further reinforce network security. In return, $RED stakers will receive rewards from RedStone data users across multiple blockchain networks, with payouts in widely adopted assets such as ETH, BTC, SOL, and USDC. This structure creates a incentive system for active participants in the ecosystem. To encourage widespread adoption and community participation, RedStone said it has allocated 10% of the total 1 billion $RED tokens for the Community & Genesis distribution. This initiative includes targeted airdrops to reward early supporters, partners, and active contributors who have played a role in RedStone’s rapid growth. RedStone Launches Bitcoin Staking Oracles In October, RedStone launched Bitcoin staking oracles to enhance DeFi protocols on platforms like Ethereum, Avalanche, and Polygon. This allows Bitcoin holders to stake their assets in decentralized finance (DeFi) by delivering real-time data for liquid staking. In July, RedStone raised $15 million in a funding round led by Arrington Capital , supporting its expansion efforts. The firm provides data feeds to blockchains and layer 2 technologies compatible with the Ethereum Virtual Machine (EVM).
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