Bitcoin price followed weakening US spot market demand as the Coinbase Premium Index turned negative for the first time in three weeks. Bitcoin’s (BTC) Coinbase Premium Index has turned negative at -0.008 for the first time in three weeks, signaling a sharp reduction in US spot market demand and aligning with BTC's current price drop. The signal held across hourly readings through the next 48 hours, showing consistent selling pressure from US-based buyers. The shift comes as the net weekly average of BTC realized losses climbed to $829 million, suggesting reduced investor conviction. Read more
A new system targets the mismatch between fast DeFi liquidations and slow asset redemptions, a key barrier to the use of tokenized assets in lending markets. RedStone, a decentralized oracle provider, has launched a new settlement layer for decentralized finance, aiming to make tokenized real-world assets (RWAs) usable as collateral in lending protocols. The system, called RedStone Settle, is designed to address a long-standing structural issue in DeFi. While lending platforms such as Aave rely on near-instant liquidations to manage risk, RWAs, including tokenized funds and bonds, typically have redemption periods ranging from 60 to 180 days. This mismatch has largely prevented RWAs from being used as collateral. According to RedStone, the new layer introduces an onchain auction mechanism that is triggered during liquidation events. Liquidity providers can step in to purchase positions immediately, supplying protocols with liquidity while assuming the delayed redemption risk tied to the underlying assets. Rea...
Canaan secures a new Tether order for modular mining hardware as the stablecoin issuer expands into integrated, data center-style Bitcoin infrastructure. Canaan (CAN) has secured an additional order from Tether for custom Bitcoin mining hardware, extending their collaboration beyond an earlier research and development effort that tested new system designs for large-scale mining. Under the new order, Canaan will supply high-density hash board modules designed for immersion-cooled systems, with usage planned at a Tether-linked facility in South America, the crypto mining tech maker announced on Tuesday. Canaan is supplying these systems to deepen its role as a custom hardware provider for large-scale operators such as Tether. The agreement follows a 2025 R&D partnership with ACME Swisstech, which resulted in a proof-of-concept platform to improve efficiency and scalability in mining operations. Read more