Transactions on the Open Network layer-1 blockchain protocol previously took about 10 seconds to settle before the Catchain 2.0 consensus upgrade. The Open Network (TON), an independent layer-1 blockchain that has integrations with the Telegram messaging application, said it has slashed block times to 400 milliseconds with the release of its Catchain 2.0 consensus upgrade. Payment transactions now settle in about 1 second, while trades settle in “real time,” and decentralized applications will now operate at speeds comparable to traditional apps, according to TON’s announcement on Thursday. Faster block times produce more validator rewards, as the number of blocks added to the chain increases. TON’s annual inflation is projected to increase six-fold, to 3.6% from about 0.6% following the update, TON said. Inflation represents the continuing minting and burning of Toncoin within its ecosystem. Read more
Onchain and technical data hint that $1,800 may have been the macro price bottom for Ether. Is there sufficient bullish momentum for a rally to $3,000? Ether’s (ETH) recent sell-off was stopped at $1,800, as bulls aggressively defended the level. Ether’s rebound above $2,100, along with on-chain and technical data, suggests that traders will hold the price above $2,000 for the short-term. Key takeaways: Ether’s profitability metrics drop to levels that have historically marked local bottoms. Read more
The crypto exchange is mounting a challenge to platforms like Kalshi and Polymarket, offering ”gasless” trades as it seeks a share of the $20 billion prediction market. Binance Wallet has integrated prediction market features into its app, saying it will cover all trading and settlement transaction fees for users as it make a play for a piece of the $20 billion market. In a Thursday notice, Binance said it will launch probability-based markets as a feature on the company’s app through an integration with third-party platforms, starting with Predict.fun. According to the crypto exchange, the integration will be “gasless,” with the company sponsoring fees for trades and settlements on the BNB Smart Chain. Prediction market platforms like Kalshi and Polymarket offer users the chance to take a position on the outcome of events in a variety of topics, including politics and sports. The latter has put those platforms in the sights of multiple US state authorities who have filed lawsuits for allegedly violating stat...
A new Bitcoin–gold index highlights shifting views on crypto’s role as a store of value as correlations with equities increase and gold outperforms. MarketVector Indexes and Coinbase Asset Management have launched a new index tracking Bitcoin and tokenized gold, offering investors exposure to assets commonly associated with wealth preservation. The companies unveiled the Coinbase Store of Value Index on Thursday, which tracks Bitcoin (BTC) and Pax Gold (PAXG) — one of the largest gold-backed tokens. The index is designed as a benchmark combining digital assets with traditional store-of-value instruments. Bitcoin and gold are weighted using an inverse volatility model, meaning lower-volatility assets receive a higher allocation. Read more