The non-profit organization said the goal is to make Ethereum so decentralized that it could function even if the foundation ceases to exist. The Ethereum Foundation, the non-profit organization that stewards the development of the Ethereum ecosystem, published its mandate on Friday, reaffirming its role and the core pillars of Ethereum. The Ethereum Foundation’s two stated goals are that Ethereum remains decentralized and that users have a “final say” over their onchain assets and data, while the protocol achieves mass scale, according to the mandate. Censorship resistance, open source code, privacy, security, and freedom-preserving technology are the core properties of Ethereum that will be upheld, the mandate, the document said. Read more
Ether’s road to recovery looked clearer, especially if the balance in Ethereum accumulation wallets and the staked supply continue rising at their current pace. Ether (ETH) traded about 30% below its yearly open of $2,990, as traders grow increasingly risk-averse amid a global conflict and macroeconomic uncertainties. Still, stronger network usage and increasing inflows into ETH accumulation addresses could provide a spark that may see the price finally break $2,200 resistance. Key takeaways: Read more
The USDt-settled contracts allow traders to speculate on the price movements of the two companies’ shares around the clock without owning the underlying stocks. Crypto exchange KuCoin has launched equity-linked perpetual derivatives tied to stocks, including Tesla and Strategy, allowing traders to speculate on their price movements through USDt-settled contracts that trade around the clock. According to Friday’s announcement, the first listings include TSLAUSDT and MSTRUSDT perpetual contracts, which track price movements in the underlying equities but do not grant ownership of the shares. Instead, the products are synthetic derivatives settled in stablecoins. The contracts have no expiration date and can be traded continuously. Positions can be opened with as little as 1 USDt (USDT), lowering the entry threshold for traders seeking exposure to equity-linked price movements through a crypto trading platform. Read more
AI-driven data center demand is reviving nuclear power across the US, and Bitcoin miners were among the first to tap nuclear energy to run high-performance computing operations. Nuclear power is gaining renewed attention in the United States as artificial intelligence and data center expansion drive demand for reliable, large-scale electricity. According to the latest Miner Weekly newsletter from TheEnergyMag, recent annual filings suggest that major utilities and power producers believe the United States may be entering a “nuclear renaissance.” The publication cited recent annual filings showing that utilities are linking the revival to long-term power contracts with AI hyperscalers such as Microsoft, Amazon and Meta Platforms. Read more
Bitcoin bulls squeezed the market toward $74,000 again as promising US inflation data buoyed risk assets, but BTC price forecasts stayed mixed. Bitcoin (BTC) aimed for five-week highs at Thursday’s Wall Street open as US inflation trends stayed on track. Key points: US inflation data keeps crypto and stocks higher as BTC price action tests $74,000 again. Read more