Altcoin season may finally upon us — but it’s not the altseason you remember. Wall Street money and infinite memecoins have changed the game. Theres probably nothing more reliable in crypto than traders yelling ALTSEASON IS HERE every time Bitcoin stumbles against altcoins. Heck, theyve been saying it religiously since mid-2024, and theyre starting to do it again now after Bitcoin dominance fell under 60% over the weekend, its lowest level since February. Except this time, they may be onto something; ETH is within sight of new all-time highs, and other altcoins are looking ready to pounce. Read more
Ethereum's $1 trillion security initiative aims to attract institutional capital, but the chain’s transparent mempool enables $1.8 billion in malicious MEV extraction. Opinion by: Loring Harkness, Head of Commercial at brainbot GmbH and Shutter Earlier this year, the Ethereum Foundation launched a $1 trillion security initiative, a development in its wider campaign to tailor the chain’s image for its new audience of non-crypto retail investors, Wall Street and traditional financial institutions. On paper, the initiative is nothing but a good thing. Ethereum, recognizing its shortcomings, is refreshing. The proposed approach also offers a clear path to being “far greater” regarding security — a direction that will provide the industry we hope to attract to crypto with peace of mind. For Ethereum’s security problem, however, too much transparency is fundamentally the problem. Read more
A viral run on Zora pushed Base ahead of Pump.fun and LetsBonk, but Solana still leads in users, transactions and overall activity. Base is testing Solana’s dominance in token launches, with a recent burst of SocialFi activity pushing the Ethereum layer-2 network to the top of the industry’s leaderboard. In recent years, Solana has been the go-to chain for new tokens. Its low fees and high throughput are drawing traders away from Ethereum. It’s become a hub for memecoins, with launchpads like Pump.fun spawning tens of thousands of tokens daily. The surge on Coinbase’s Base is coming from a different kind of token economy, built on social media posts, viral moments and a new wave of creator tools. Coinbase recently introduced the Base App by rebranding its wallet, sparking a surge in SocialFi activity on applications like Zora. Read more
Global rating agency Moody’s on Wednesday upgraded Pakistan’s credit rating by one notch to Caa1 from Caa2, citing Islamabad’s improving external position, and changed its outlook from positive to stable. Moody’s Ratings is a credit rating system that evaluates the creditworthiness of borrowers, such as governments, corporations, or financial instruments. According to its website, the agency uses letter grades (Aaa, Aa, A, Baa, etc) to indicate the likelihood of timely repayment, with Aaa being the highest quality and C the lowest. These ratings help investors assess risk before lending or investing. Within this scale, Caa1, Caa2, and Caa3 all fall into the “Caa” category, signalling very high credit risk and poor standing. Caa1 is the highest within this group (slightly less risky), Caa2 is one notch lower, and Caa3 is the last, meaning the greatest vulnerability to default among the three. “Moody’s Ratings (Moody’s) has today upgraded the Government of Pakistan’s local and foreign currency issuer and senior...