Bitcoin lacks momentum into the weekly close as a trader says now is the "time to pay attention" to BTC price behavior ahead of the Fed rate-cut decision. Key points: Bitcoin drifts toward $115,000 into the weekly close ahead of a key macro week. BTC needs a weekly close above $114,000 to stay “bullish,” analysis says. Read more
Football’s transfer system is plagued by delays and barriers. Blockchain technology offers faster settlements and global market access. Opinion by: Przemysław Kral, CEO of zondacrypto The football transfer market has long been seen as a world of discrete backroom deals and negotiations. The transfer window brings immense excitement to supporters wanting to see how clubs prepare for the season ahead. It’s not always smooth sailing, given the huge capital requirements and tight deadlines the clubs face to complete the deals. There is an option that could overcome these issues.The answer has come to the fore in recent years, and the football industry is beginning to embrace it. Read more
Yala’s Bitcoin-collateralized YU stablecoin dropped as low as $0.2046 after an attempted protocol attack, failing to restore its $1 peg. Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” early Sunday that sent the token plummeting to $0.2046. The Yala team confirmed the incident in a post on X, noting that it “briefly impacted YU’s peg.” The team added that they are working with blockchain security firm SlowMist and other security partners to investigate the breach. “Update: All funds are safe. Bitcoin deposited to Yala remains self-custodial or in vaults, with none lost,” the team wrote in their latest post on X. “We’ve identified issues and, as a precaution, paused some product features. Please wait for our green light before re-engaging,” they added. Read more