Brevis has launched ProverNet, a ZK-proof marketplace where provers can earn by computing proofs and apps can buy proving capacity. Zero-knowledge proof (ZK-proof) coprocessor Brevis launched its marketplace, allowing users to earn by computing ZK-proofs. According to a Monday Brevis announcement, the “ProverNet” decentralized physical infrastructure (DePIN) network allows applications to access ZK-proof proving capacity and computing providers to earn money by computing proofs. Currently, the network uses Circle’s USDC (USDC) stablecoin as the native settlement currency. Still, Brevis plans to move to the yet-to-be-launched BREV token when ProverNet comes out of beta and launches mainnet. On mainnet, the system will also introduce prover staking and slashing for “misbehavior or missed deadlines.” Read more
XRP analysts highlighted the potential to rebound to $2.65 as institutional demand increased and derivatives traders flipped bullish. XRP (XRP) price is up 3% in the past 24 hours and 15.5% from its Nov. 21 low to $2.10 on Monday. This sets it up for further gains backed by several fundamental, onchain and technical factors. Key takeaways: XRP’s new all-time highs are in play, backed by increasing institutional demand and bullish trader sentiment. Read more
Michael Saylor said that he pitched Bitcoin as “digital capital” to wealth funds and banks, calling it the foundation for a new yield-bearing credit asset class. Michael Saylor’s Strategy has expanded its Bitcoin treasury again, buying nearly $1 billion in BTC even as digital asset treasury inflows cool and its own stock trades sharply lower on the year. Strategy chairman Michael Saylor announced on X that the company bought 10,624 Bitcoin (BTC) for roughly $962.7 million at an average price of $90,615 per coin last week. The move brings Strategy’s total holdings to 660,624 BTC, acquired for approximately $49.35 billion at an average price of $74,696. The move comes during a rough stretch for Strategy’s equity. According to Google Finance, Strategy shares recently traded around $178.99, down 51% over the past 12 months. Read more
Launched in 2023, the SEC probe into Ondo’s tokenized RWAs and ONDO token ended without charges, signaling a regulatory reset for onchain assets. The US Securities and Exchange Commission has officially dropped its investigation into the New York-based tokenization platform Ondo Finance, which it initiated in 2023. Ondo Finance has received formal notice that a confidential, multi-year SEC investigation into the platform has been closed without any charges, the company announced on Monday. “The probe examined whether Ondo’s tokenization of certain real-world assets complied with federal securities laws as well as whether the ONDO token was a security,” the statement said. Read more