Bitcoin Sinks Nearly 3% to $26.7K; Bulls Ponder How Low It Can Go
After failing again at $28,000 resistance over the weekend, bitcoin has retreated to its weakest level since late September.Source
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DeFi Protocol BarnBridge Prepares for SEC Action, Fines
The decentralized autonomous organization is holding a vote on how to respond to securities regulators.Source
The Protocol: Bitcoin Might Get Ethereum-Style Smart Contracts Under ‘BitVM’ Plan
ZeroSync’s Robin Linus has ignited excitement in the Bitcoin community by introducing the “BitVM” paper, proposing a straightforward method for incorporating smart contracts into the original blockchain, a feature predominantly associated with Ethereum and its numerous derivatives.Source
Crypto Bills May Depend on U.S. House GOP Battle Over Scalise Speaker Pick
The U.S. House of Representatives won’t get back to work on crypto legislation if Republicans can’t unify behind majority choice Steve Scalise – or some alternative – after the party’s ousting of Speaker of the House Kevin McCarthy (R-Calif.) derailed the congressional agenda.Source
Chainlink’s LINK Is ‘Safest Bet’ to Profit From RWA Tokenization Trend: K33 Research
Chainlink has positioned itself as a key piece of infrastructure to connect blockchains with the outside world and should profit from crypto’s real-world asset narrative.Source
Stars Arena Recovered 90% of the Funds Lost to Hack After Bounty Paid
The social app on Avalanche was drained for $3 Million last week.Source
Real Estate-Backed Stablecoin USDR De-Pegs After Treasury Was Drained of Liquid Assets
On-chain data suggests that USDR’s treasury was drained of liquid assets, leading to a run on the stablecoin.Source
SBF’s Lawyers Want to Ask Caroline Ellison About FTX’s Anthropic AI Stake
Sam Bankman-Fried’s attorneys asked Judge Lewis Kaplan, who’s overseeing the case, to grant them permission to ask former Alameda Research CEO Caroline Ellison about whether she deleted Signal messages at FTX lawyers’ advice and what Anthropic AI’s recent fundraise means for FTX creditors.Source
Tokenized RWA Platform Untangled Goes Live, Gets $13.5M Funding to Bring Private Credit On-Chain
Tokenized real-world asset (RWA) marketplace Untangled Finance went live Wednesday on the Celo network after securing a $13.5 million venture capital boost to bring tokenized private credit to the blockchain, the company told CoinDesk.Source