News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
- LayerZero Foundation launched a $110M buyback of 50M ZRO tokens from early backers, merging Stargate’s STG into ZRO at 1:0.08634 to consolidate cross-chain infrastructure. - The 88.6% approved plan outpaced Wormhole’s $120M bid, triggering ZRO’s 20% price surge as Stargate’s $20M+ annual revenue now fuels buybacks. - STG holders criticized the undervalued swap ratio, while LayerZero’s Wyoming FRNT partnership aims to expand ZRO’s utility via institutional adoption. - Risks include a $46M token unlock in
Quick Take Summary is AI generated, newsroom reviewed. Cardano (ADA) could potentially reach a $200 billion market cap, implying a roughly 6x increase from the current $30.5 billion. The post cites a textbook U-pattern (rounded bottom) in ADA’s chart, a bullish reversal indicator in technical analysis. Current ADA price: $0.85, with circulating supply of ~35.83 billion ADA; a 6x surge would price ADA around $5.11–$5.58. Historical context: ADA’s all-time high was $3.10 in January 2022; surpassing this woul
- 03:37The UXLINK hacker sold UXLINK through 6 addresses and has obtained 6,732 ETH.According to Jinse Finance, monitored by Lookonchain, the UXLINK hacker sold UXLINK on-chain through 6 addresses, obtaining 6,732 ETH, worth $28.1 million. In addition, the hacker also sold a large amount of UXLINK on various CEXs.
- 03:35Greeks.live: If ETH falls below $4,000, the options market may face a bearish repricing.Jinse Finance reported that Adam, a macro researcher at Greeks.live, posted on X that yesterday's sharp plunge was significant, with ETH prices once falling below the $4,000 mark and breaking through multiple technical support levels. After the crash, the implied volatility (IV) of major contracts remained basically unchanged compared to before, but the skew shifted significantly towards put options, with put option prices far exceeding call option prices. This indicates that the options market's expectations for downside risk have risen sharply. There was no significant increase in options trading volume yesterday, and market makers' positions have entered the gamma amplification range, with some market makers choosing to buy put options for risk hedging. Options traders continue to worry about downside risks; if key support levels are breached, it will send a very negative signal, and the $4,000 psychological level should be closely watched at present. If this level is lost, the options market may face a bearish repricing. BTC also fits this strategy, but the market expects its volatility to be lower, and its price trend is more likely to move sideways (ETH technical indicators are more critical). The market remains optimistic about the fourth quarter, and the upward trend was already being positioned for as early as last month. Currently, the options market is mainly focused on short-term risk hedging.
- 03:33Vitalik comments on the controversy over Base sequencer centralization, says Base is doing things the right wayChainCatcher reported that in response to recent controversies regarding the centralization of Base sequencers, Vitalik stated that Base is doing things the right way: as an Ethereum-based L2, it leverages its centralized advantages to provide more powerful UX features, while still being anchored to Ethereum’s decentralized base layer to ensure security. Vitalik also emphasized that Base does not custody users’ funds; they cannot steal funds or prevent users from withdrawing funds (which is exactly part of L2beat’s Stage 1 definition). Risk Warning