Bitcoin slips to $83,380 amid conflicting global signals. Meliuz embraces BTC as a treasury asset, while China quietly offloads holdings. Ripple CEO sees $200K ahead. The post Bitcoin Drops to $83,000 — China Sells, Meliuz Stacks 45 Coins appeared first on Cryptonews.
The cryptocurrency market is more than just a buzzword today—it's become an essential part of the global financial ecosystem. With innovation constantly unfolding, there's an undeniable wave of excitement and possibility in the crypto space.
In a recovering crypto market, investors are shifting from short-term trades to long-term infrastructure plays. Projects with defined utility, ongoing development, and expanding user ecosystems are beginning to stand out again. Ripple (XRP), Polkadot (DOT), and Cosmos (ATOM) are re-establishing themselves as foundational assets, each benefiting from improved sentiment and clearer adoption narratives.
The Tokyo-listed investment firm said it bought an additional 319 BTC, bringing its total holdings to 4,525 BTC.
TL;DR Cross-Chain Breakthrough: Injective's IBC Eureka bridges Bitcoin liquid staking tokens into Cosmos, creating new opportunities for seamless cross-chain interaction. Enhanced DeFi Opportunities: The upgrade enables rapid, secure transactions that empower advanced yield farming, lending, and staking options in the Cosmos ecosystem.
Cosmos IBC Eureka Launch:- In a bid to integrate Ethereum ecosystem with its network, Cosmos has announced the launch of its interoperability layer, Eureka – bringing interoperability. Eureka upgrade will now allow Ethereum-compatible chains to directly communicate with cosmos blockchains via its native interoperability protocol – IBC.
Cosmos ATOM has introduced Eureka, a new tool meant to link its blockchain system with Ethereum ETH.
This new development opens the door for seamless onboarding of Bitcoin Liquid Staking Tokens (BTC LSTs). For example, Lombard Finance's $LBTC, from Ethereum to Injective.
Explore how Stacks (STX) enhances Bitcoin by enabling smart contracts and DApps, leveraging Bitcoin's security while expanding its functionalities through a unique layer-2 network.
Cosmos, a blockchain network aiming to become the “internet of blockchains,” has launched Eureka, an interoperability layer designed to link its inter-blockchain communication (IBC) protocol with Ethereum.According to an April 10 announcement, Eureka has expanded the Cosmos IBC protocol, changing IBC from an ecosystem standard “to a universal interoperability protocol,” setting the hub on a course to become the home of multichain apps. Cosmos projects are integrating into IBC Eureka.
Institutions will now be able to gain exposure to sBTC, an asset for Bitcoin-denominated gains, through Hex Trust custody.
Hex Trust, a Hong Kong-based digital asset firm that offers institutional-grade custody, staking, and trading solutions, has announced expanded support for Stacks (STX), a leading layer-2 (L2) Bitcoin (BTC) network, as well as sBTC, Stacks' decentralized asset based on Bitcoin, per information shared with Finbold on Thursday, April 10.
Ethereum is the first non-Cosmos network to join the IBC ecosystem which plans expand to networks including Solana, Base and Arbitrum.
Last week, Bitcoin (BTC) began showing early signs of decoupling from the US stock markets. Bitcoin was relatively flat over the week, while the S&P 500 plunged by 9%.
Cosmos (ATOM) is gaining strong bullish momentum, jumping over 14% in the last 24 hours as technical indicators flash potential for further upside. The token's Relative Strength Index (RSI) has surged from deeply oversold levels to nearly overbought territory, highlighting an aggressive wave of buying pressure.
Bitcoin and the crypto market were hit by a price correction in response to the U.S. President Donald Trump's tariff announcements on Liberation Day. Cosmos's token ATOM defied the trend with nearly 10% gains on the day.
Cosmos (ATOM) has staged a remarkable comeback, soaring 16.72% over the past 24 hours to trade above $5.06 at press time.
For ATOM to continue with the uptrend, it needed to break and stay above the key level at $5.
Cosmos ($ATOM) rallied by 10% on Friday, hitting a local high of $4.86. The price increase followed eToro's announcement that it had launched staking for Cosmos ($ATOM) and Polkadot ($DOT), allowing eligible users to earn rewards by holding the assets.Despite the short-term price boost, $ATOM remains down by 57.
Crypto Prices Today (April 4): The broader market sentiment remains uncertain this Friday as Bitcoin (BTC) price held around the previous day's levels, at $83K. Moving on to other metrics, the global cryptocurrency market cap jumped slightly by 0.20% to $2.6 trillion.
Built on the Cosmos SDK, this new sidechain is the result of a successful collaboration. It brings together RippleX, Axelar, Common Prefix, and Peersyst.
Crypto prices remained on edge on Friday as the market came to terms with Donald Trump's trade war and its implications. Bitcoin bounced back above $84,000, while other popular tokens like Ethereum, Ripple, and Solana crawled back.
The crypto market today has resumed its business with sentiments being unchanged over the previous day. Talking about numbers, the market cap has sunk 1.38% since yesterday to $2.65 trillion. The trading volume has taken a shot down 32.13% to $88.91 billion.
Japanese hotel giant Metaplanet (3350) is going big on Bitcoin as the firm just scooped up 160 BTC. The firm acquired Bitcoins for around $83,600 each, adding $13.4 million to their crypto stash. This brings their Bitcoin holdings to 4,206 BTC, and their total investment to $363.5 million.
The Cosmos ecosystem is set to transform blockchain interoperability with IBC Eureka, the upgrade to its Inter-Blockchain Communication (IBC) protocol. The first transaction between Cosmos Hub (ATOM) and Ethereum was successfully made on Friday, March 28, with potential implications for the user and developer experience in web3.
Cosmos developers are working to extend the Inter-Blockchain Communication (IBC) protocol to Ethereum.
Cosmos developers are advancing efforts to enhance the Inter-Blockchain Communication (IBC) protocol by extending its capabilities to Ethereum.
Cosmos's development team has successfully conducted the first Inter-Blockchain Communication transaction directly between Cosmos Hub and Ethereum.
TL;DR IBC Evolution: Cosmos developers unveiled the “Eureka” IBC upgrade (IBC-go v10) that paves the way for native Ethereum interoperability, enabling seamless asset and data transfers. Milestone Test: Interchain Labs successfully tested an IBC transaction from Cosmos Hub to Ethereum, marking a crucial step toward robust cross-chain functionality.
The development is part of the Eureka upgrade for Cosmos ecosystem, which is expected to release this year.
Nubank, a Latin American financial bank backed by Warren Buffett's Berkshire Hathaway, has expanded its crypto offerings by adding four altcoins to its portfolio. The bank is adding Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) to its 100 million clients in Brazil, according to a March 25 announcement.
The Interchain Foundation, part of the Cosmos ecosystem, has announced the open-sourcing of Evmos, establishing it as the network's native Ethereum Virtual Machine (EVM) framework.
The Interchain Foundation has funded the open-sourcing of evmOS—now branded Cosmos EVM—as the standard Ethereum Virtual Machine framework for the Cosmos ecosystem.
The crypto markets remained flat on Tuesday, with the market cap registering a marginal increase and moving to $2.72 trillion. Prices have remained relatively muted as markets wait for the FOMC meeting and clarity on interest rate cuts.
TL;DR Interchain Integration: The ICF has open-sourced Evmos, now rebranded as Cosmos EVM, integrating EVM compatibility directly into the Cosmos SDK to streamline cross-chain communication between Ethereum and Cosmos. Developer Empowerment: Released under the Apache 2.0 license, Cosmos EVM enables developers to easily incorporate Ethereum features, Ethereum wallets, and native ERC-20 tokens.
This integration strengthens interoperability between the EVM ecosystem and Cosmos, particularly through the IBC protocol.
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Tthe OP Stack has remained dominant, with "bridge abstraction" volume surging ahead of Ethereum's next major upgrade.
Bitcoin (BTC) is struggling to break above the 200-day simple moving average ($84,000), but a positive sign is that the bulls have not ceded much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve a weekly close above $81,000 to signal resilience.
The cryptocurrency market remains largely in a consolidation phase, led by Bitcoin (BTC), which is pushing to make a decisive break above the $85,000 resistance while targeting the $90,000 mark.
Cosmos price rose for five consecutive days and reached its highest level since March 3 as demand and futures open interest rose. Cosmos (ATOM) jumped to a high of $4.
Stacks has created history with its mind blowing hold over the world. The financial system was revolutionized when Stacks started climbing the ladder.
The crypto market rebounded on Wednesday after President Donald Trump hinted at a tariff relief after Commerce Secretary Howard Lutnick reportedly stated Trump could roll back tariffs on Canada and Mexico, with an announcement likely on March 5.
A bank teller has been arrested for allegedly grabbing $1,000,000 in cash from his employer's vault and successfully sneaking it out of the premises. Daniel A. Acebo was hired by a New York bank – which hasn't yet been named – as a business banker, according to local reports.
Stacks (STX) has been facing a challenging market environment, aligning with the broader downturn in the cryptocurrency market. After reaching a peak of around $2.5 in December 2024, the price of STX has steadily fallen, with each subsequent peak lower than the previous one.
In this piece, we'll assess if Stacks (STX) can rebound above its key EMAs.
Bitcoin's drop below $80,000 comes as ETF outflows surge and macro pressures mount. But how does the current dip stack up against the past?
TL;DR Companies like Jump Crypto, SNZ, and UTXO have made strong commitments to this innovative Bitcoin solution. Due to this, the value of the Stacks' token has increased by more than 11%, currently trading at $0.8629.