Posts

Showing posts from 2026

Does SIGHASH_ANYPREVOUT commit to the TapLeaf hash or the full Taproot Merkle path?

When spending a Taproot script-path output with SIGHASH_ANYPREVOUT (BIP118), I want to understand what exactly is committed to regarding the script tree. Specifically: if two UTXOs have the same executed leaf (same TapLeaf hash) but different TapTree structures (different Merkle paths), will the same APO signature validate against both? I constructed a multi-round Eltoo chain on Inquisition signet, and observed that the APO signature can still be reused across rounds and successfully spend the output. I also confirmed that the same APO signature can spend two different UTXOs with identical scripts and amounts ( tx1 , tx2 ). This suggests that the signature commits to the TapLeaf hash, but not the full Merkle path — and I’d like to confirm whether this is the correct interpretation. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/8RLqVjy via IFTTT

Why Bitcoin is not starting to act on quantum threat?

How come Bitcoin community is not acting on this huge threat? They keep saying it is a FUD instead of getting together and coming up with ideas. Without proper roadmap Bitcoin will be eliminated within next 4 years! https://www.coindesk.com/tech/2026/03/28/watch-out-bitcoin-devs-google-says-post-quantum-migration-needs-to-happen-by-2029 from Recent Questions - Bitcoin Stack Exchange https://ift.tt/ZDH2Nzc via IFTTT

Web3/crypto service with non-bip39 wordlist recovery phrase

I'm looking for a web-based wallet, web3 service or exchange that uses their own, non-bip39 wordlist. My backup phrase contains the words ministry, goodbye, distribute, and formal - these are not written down incorrectly, since this is an actual screenshot with the full recovery phrase. The only issue is that I don't remember which service I used this for. I signed up for quite a few back in the day and typically made screenshots rather than write down the words. Unfortunately, this particular screenshot does not contain the name of the service or the url... Any help would be appreciated! from Recent Questions - Bitcoin Stack Exchange https://ift.tt/1UwgueD via IFTTT

How does CSFS re-keying / laddering avoid replay across UTXOs?

With OP_CHECKSIGFROMSTACK (CSFS), signatures are verified against an explicit message rather than the transaction sighash. This seems to allow the same (sig, message) pair to be reused across different UTXOs, unless something binds the message to a specific context. Some discussions (e.g. by Jeremy Rubin https://rubin.io/bitcoin/2024/12/02/csfs-ctv-rekey-symmetry/ ) mention re-keying or laddering constructions to mitigate this. My question is: How exactly do CSFS laddering or re-keying schemes prevent cross-UTXO replay in practice? What is the binding mechanism — is it based on chaining commitments, updating keys per step, or something else? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/NYzps2H via IFTTT

What kind of “contract engineering” roles could emerge from current Bitcoin Script primitives?

I’ve been testing simple opcode combinations — CHECKSIG, CSFS, IK+CSFS....trying to get a feel for what each one actually binds. It feels like the challenge is less about expressiveness, and more about choosing the right kind of binding. I’m wondering: Do developers see this as its own discipline — not Ethereum-style contracts, but something like designing Bitcoin’s contracts within constraints? Does that map to a distinct kind of engineering role over time? Or is this still just considered script work? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/7xwDKoX via IFTTT

unable to sweep paper wallet - notification says "bad connection to Electrum network"

I can't transfer my paper wallet BTC to my wallet (Android); I only get the notification "bad connection to Electrum network". How can I solve the issue and access my BTC? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/MYw2lnU via IFTTT

How do you build intuition for spotting unsafe opcode compositions early?

I’ve been running opcode composition experiments (e.g. CAT+CSFS, IK+CSFS) on signet. Related: #130613 , #130598 , Delving thread In several cases, the script validates correctly, but still feels structurally unsafe (e.g. replay, cross-UTXO reuse, weak binding). My question: How do experienced developers recognize these issues early, before they turn into real vulnerabilities? In particular, how do you reason about whether a construction is "too general" or insufficiently bound? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/1lGnXZD via IFTTT

OP_CAT + OP_CHECKSIGFROMSTACK: how to prevent cross-UTXO signature reuse?

Following up on #130598 . I built a CAT + CSFS oracle-style script on signet ( commit , reveal ): OP_CAT OP_SHA256 <oracle_pubkey> OP_CHECKSIGFROMSTACK Witness: [sig, PART1, PART2] Message: SHA256(PART1 || PART2) Since CSFS only checks the message, the same (sig, PART1, PART2) appears to be reusable across multiple UTXOs with compatible scripts. For price oracles this is usually acceptable. But if the goal is single-use authorization (i.e., the signature should only be valid for one specific UTXO): Is committing to the outpoint inside the message the only general approach? Or is there a script-level pattern that avoids requiring the oracle to wait for the UTXO to exist before signing? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/wHOPXSB via IFTTT

How long should pruning take?

How long should pruning—say, from 794GB blockchain down to last 2GB—take? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/5XNnAg6 via IFTTT

Can Bob steal funds from a Musig2 multisig if he conducts a second multisig tx with the same participants?

What happens if Bob keeps the Musig2 nonces used in the last multisig transaction? Can Bob use Alice's disclosed nonces to steal monies from the second transaction? I would say no since the second transaction would use different unspent inputs than the first transaction. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/3znZXTW via IFTTT

From bitcoinj v0.2

I have used bitcoinj v0.2 From wich I have a base64 string of 12 bytes 16 characters and a base58 string of 34 characters that is 25 bytes. it has a xor test in that string so I have a matching 10 bytes from the base64 string with a matching 16 bytes from that base58 string But how do I use them? Is this aes-128? so the 16 bytes is a encrypted seed? Or do I have to join then togheter to get a 26 bytes raw private key It's from the time before WIF thanks from Recent Questions - Bitcoin Stack Exchange https://ift.tt/xJ34Lh2 via IFTTT

Does OP_CHECKSIGFROMSTACK intentionally allow cross-UTXO signature reuse?

I ran a CSFS experiment on Bitcoin Inquisition Signet and got a spend confirmed: https://mempool.space/signet/tx/cc1b6d352f75348b6a52c7f5c68fc5caea2512423e08011e8f69a9bb85195f97 The tapscript is simply: <pubkey> OP_CHECKSIGFROMSTACK The witness provides (sig, msg, script, control_block) . Since (sig, msg) becomes public after spending, if another UTXO is later sent to the same script, anyone could reuse the exact same pair to spend it — because CSFS only enforces: schnorr_verify(pubkey, msg, sig) with no commitment to the spending transaction. By contrast, OP_CHECKSIG signatures commit to the input outpoint, so cross-UTXO reuse is impossible. This leads to three questions: Is cross-UTXO signature reuse an intentional property of CSFS, or a risk that must be handled at the script level? What are the standard patterns to prevent unintended reuse — include the outpoint in msg ? combine with OP_CHECKSIG ? In oracle constructions where reuse is desirable (e.g., attesting...

My bitcoin is worth a lot of money, I would like to find it?

my original Email address: alstone777@rocketmail.com I had a message a couple years ago t: theartmonster777@gmail.com I purchased bitcoin in 2010, 10 dollars worth, and it is worth a lot now I might of used paypal to purchase this bitcoin from Recent Questions - Bitcoin Stack Exchange https://ift.tt/5UkjpbO via IFTTT

How did Taproot increase the expressiveness of Bitcoin Script without changing the VM?

Taproot is often described as making Bitcoin “more programmable”. However, Bitcoin still executes the same stack-based Script VM, without loops or persistent state. Taproot increased expressiveness without changing the VM. What specific protocol changes made this possible? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/4ePhoXU via IFTTT

How do I update my information on my Bitcoin mining app

I need help trying to update my wallet info mation before they close my account I keep getting emails from Google forms saying to update my Bitcoin wallet info but it wont tell me we're to go to do it from Recent Questions - Bitcoin Stack Exchange https://ift.tt/P8OKXQw via IFTTT

Could Bitcoin evolve from a commit–reveal validation model toward a commit–prove model?

In a recent discussion about Bitcoin’s architecture (< https://bitcoin.stackexchange.com/questions/130583/is-bitcoin-better-understood-as-a-state-machine-or-a-database/130585?noredirect=1#comment146364_130585> ), Pieter Wuille noted that even the concept of the UTXO set itself postdates Satoshi’s departure, suggesting that some of the mental models we use today emerged later as the system evolved. Looking at the evolution of Bitcoin’s spending mechanisms, many features appear to follow a commit–reveal pattern( When — and why — did Bitcoin Script shift to a commit–reveal structure? ). However, many modern cryptographic systems instead follow a different structure: commit → prove → verify I’m curious: Is the current commit–reveal pattern a fundamental property of Bitcoin’s design, or could future extensions push the system toward proof-based validation mechanisms? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/KdJ6ykH via IFTTT

Is Bitcoin better understood as a state machine or a database?

Bitcoin is commonly described as a “decentralized database,” but looking at how a full node actually works, that framing feels a bit off. Blocks form an append-only transaction log. Nodes replay that log to derive the current UTXO set, which Bitcoin Core stores in LevelDB (chainstate/). That’s not really how traditional databases work — it feels closer to event sourcing or a replicated state machine where the ledger state is derived rather than primary. So which mental model is actually correct? • Is the UTXO set the “database “? • Or is the block log canonical, with the UTXO set essentially being a cache that could be reconstructed? Is there anything from early mailing list discussions or Satoshi’s design notes that addresses this directly? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/97PciCx via IFTTT

`bitcoin-cli importdescriptors` returns "Internal addresses should not have a label" when they do not have a label

Using bitcoin core v29.2 I use importdescriptors like this in a POST request: http://user:password@localhost:48332/wallet/FullyNoded-3f892a938a83d0a79b37415718c0961bbd2dd368f7cb4fa55a4a6de4f2d1d9da request: ["id": "4305A6A4-212B-4A4E-8BC9-9449A0BD9B98", "method": "importdescriptors", "params": ["requests": [["desc": "tr(025650b14f8625b1904178493c1622ff4c93686fee8477484af0845c8b2cd9ea5f,and_v(v:multi_a(1,[96d7aac2/48h/1h/0h/3h]tpubDEezkCUbL6Ej2Z54Vrb7nAveezdQdcuY2bDuekM6EPCmEno5pKX2Qv2c9CYGwbfMNDr4QQsWQr8LMj1pNMhEiXUfVzAvqcsGkVT8cpqgEUH/0/0,[fc909fda/48h/1h/0h/3h]tpubDFhkGDGS53dvC7EcRu4bXsyXuBXN6PnVLvTyuvBJop7MceUBsSonGGE98LrqyQGd7ZMebEi2FC8Yqsdd9irs64sReNWtMSJXf8jaMb292t8/0/0),after(1769616990)))#qr3jf3qm", "internal": false, "timestamp": 1769617431, "active": false, "label": "1 of 2", "next_index": 0], ["next_index": 3, "active...

When — and why — did Bitcoin Script shift to a commit–reveal structure?

Re-reading the whitepaper, Section 2 describes ownership as transferring coins directly to the next owner's public key — which maps to P2PK. That's the last standard type where the full spending condition is visible in the output. Every format since then does the reverse: commit to a hash, reveal the preimage at spend time. P2PKH started it — hides the pubkey behind a hash, revealing it only at spend time. P2SH, P2WSH, and eventually Taproot all extend the same logic, with Taproot pushing it furthest by hiding an entire Merkle tree of scripts. Was this a deliberate design direction, or did each upgrade respond to its own pressures independently? Is there a mailing list thread or BIP discussion where this pattern is explicitly articulated? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/DsYl6g1 via IFTTT

XRP Ledger Positioned For Real World Asset Explosion As Securitize Teases $400-T Market

Image
The conversation around real-world asset (RWA) tokenization is heating up, and the numbers are staggering. After digital asset securities firm Securitize highlighted the potential for a $400 trillion global asset market to move on-chain, attention quickly shifted to the blockchains positioned to support that scale. The XRP ecosystem, specifically the XRP Ledger, is increasingly being discussed as a possible infrastructure layer for this next phase of financial digitization. How The XRP Ledger Supports Asset Tokenization Crypto commentator Archie is sounding the alarm for the XRP community, pointing to Securitize teasing a massive $400 trillion real-world asset (RWA) opportunity that could reshape global finance and potentially position the XRP Ledger at the center of the shift. According to Archie’s post on X, a recent update from the tokenization giant stated that only about $25 billion in assets have been tokenized, with an estimated $400 trillion in traditional assets.  Thi...

Ripple Exec Clears The Air On Blocked XRP Transactions – When Does It Happen?

Image
Former Ripple Chief Technology Officer (CTO) David Schwartz has addressed speculation that the crypto firm can block transactions on the XRP Ledger (XRPL) . He explained the only way this could happen amid claims that the network is centralized.  Ripple CTO Emeritus Explains How An XRP Transaction Can Be Blocked In an X post , the former Ripple CTO said that there is no way to prevent valid transactions on the XRP Ledger unless users agree to change the validity rules to make them invalid. Schwartz made this statement in response to whether Ripple or he, as one of the original developers , can freeze a wallet and prevent a transaction.  Meanwhile, in response to who can unlock and lock escrows, the former Ripple CTO said that anyone who wants to escrow tokens can lock them in escrow. Once an escrow expires, anyone can unlock it. Schwartz also addressed claims that the XRPL Ledger was centralized because Ripple has a “Unique Node List,” which effectively makes the validator...

Crypto At The Casino? UK Weighs Letting Online Bettors Pay With Digital Currency

Image
British gamblers searching for ways to bet with cryptocurrency are more likely to end up on an illegal website than a regulated one. That is part of what prompted the UK Gambling Commission to start asking whether something needs to change. Tim Miller, the regulator’s executive director for research and policy, told an industry gathering in London last Thursday that the Commission now wants to look seriously at allowing crypto to be used as a payment method at licensed online gambling platforms in Great Britain. Illegal Sites Are Driving The Conversation Miller’s case for taking another look at crypto payments was not built purely on demand, though he acknowledged that appetite among bettors is growing. He made the remarks during the Betting and Gaming Council’s annual general assembly. The more pointed argument was about where that demand currently goes. According to reports , Miller told attendees that crypto ranks among the two most common search terms that lead British gambler...

Pundit Uses Bitcoin Halving Cycle To Show Exactly When To Start Buying BTC Again

Image
Bitcoin’s long-term structure has always been examined through the perspective of its halving cycle, and one crypto pundit believes the pattern is pointing to a clear price bottom.  The analysis centers on a recurring time-based rhythm tied to each halving event, and it proposes a specific window for when accumulation could begin again. Crypto pundit Blockchainedbb projected that the Bitcoin phase may be heading into another structured reset phase that drags on for a while, and it may not be until Q4 2024 before the best time for buying BTC presents itself. The Bitcoin 135-Week Rule Before Halving The timing framework is based on a recurring pattern observed ahead of Bitcoin’s halving events, highlighted by pundit Blockchainedbb. According to his analysis, each previous major Bitcoin cycle price low formed somewhere around 135 weeks before a halving takes place. The weekly chart shared in the analysis shows previous halving dates, including May 11, 2020, and April 19, 2024, ...

XRP Builder Funding Shifts In 2026 As Ripple Backs New Model

Image
Ripple is reshaping how builders on the XRP Ledger get funded in 2026, arguing that the ecosystem has reached a point where support needs to flow through more than Ripple-linked programs alone. The change matters because it signals a deliberate move away from a relatively centralized funding structure toward a broader network of DAOs, independent hubs, universities and venture partners. In its latest ecosystem update , Ripple said more than $550 million has already been deployed into XRPL initiatives since 2017, spanning non-equity grants, builder incentives, strategic partnerships and growth programs. Since 2021, those efforts have included hackathons, builder bounties, XRPL Grants and the XRPL Accelerator, with nearly 200 projects supported across areas including payments, DeFi, tokenization, AI, gaming, e-commerce and enterprise finance. XRP Ledger Enters New Phase The core message is that 2026 marks a structural pivot. Ripple said ecosystem funding has historically flowed throug...

Year Of The Underdog: Why Dogecoin Is On The Verge Of A Major Recovery

Image
It has been a brutal few months for Dogecoin in terms of price action. At the time of writing, Dogecoin is trading just below $0.10, below all of its moving averages, and sitting more than 86% below its all-time high.  The price action looks bad for Dogecoin; however, a look at the on-chain data tells an entirely different story of resilience and network activity that’s being ignored. If history is any guide, this is exactly the kind of environment before a major recovery. Dogecoin’s Network Growth Price is often the last thing to move during rallies. Before any significant rally materializes, bullish sentiment tends to show up first in the data, and right now, Dogecoin’s network data is showing signs that demand serious attention. At the time of writing, daily active addresses are currently around 54,500, having recently spiked to nearly 58,000 this week.  Even more notable is the longer-term trend. As noted by crypto analyst PennybagsCX on X, average address activi...

Crypto Policy Turning Point: Blockchain Devs Could Gain Legal Shield

Image
Building software has never been against the law. But in recent years, some crypto and blockchain developers have found themselves facing federal criminal charges simply for creating tools that others used to move cryptocurrency — even when those developers never held a single dollar of anyone’s money. A new bill introduced in the US House of Representatives is aimed squarely at closing that gap. A Bipartisan Push To Protect Developers Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren announced Thursday that they are sponsoring the Promoting Innovation in Blockchain Development Act. The legislation targets a specific section of federal law — Section 1960 — which currently prohibits the operation of unlicensed money transmitting businesses. The bill would tighten the definition so that the law applies only to those who actually hold or control other people’s digital assets. Developers who write code, maintain networks, or build platforms without ever touching user funds...

Bitcoin Demand Growing For First Time Since November, Data Shows

Image
On-chain data shows spot demand for Bitcoin is returning as the Apparent Demand metric has started to grow for the first time since late November. Bitcoin Apparent Demand Has Seen Its 30-Day Sum Turn Green In a new post on X, CryptoQuant head of research Julio Moreno has discussed the latest trend in the Apparent Demand of Bitcoin. This on-chain indicator provides an estimate for the spot demand for the cryptocurrency that’s present on the network right now. It does so by comparing two metrics: the mining issuance and change in the 1-year inactive supply. The mining issuance is the amount of the asset that miners are ‘minting’ on the blockchain every day through their mining activities. It can be considered as a measure of the asset’s total production. In contrast, the 1-year inactive supply, corresponding to coins dormant since more than one year ago, represents the cryptocurrency’s inventory. When the value of the Apparent Demand is positive, it means the decrease in the inven...

Saylor Names Solana And Ethereum As Future Of Digital Credit

Image
Michael Saylor used his Strategy World 2026 keynote on Feb. 25 to argue that Bitcoin-backed “digital credit” is moving beyond Wall Street wrappers and toward programmable distribution on crypto rails, naming Solana and Ethereum as part of that future. The pitch matters because it pushes Strategy’s Bitcoin treasury model into a broader product thesis: use Bitcoin as the capital base, then package credit, yield and liquidity for corporates, retail investors and eventually tokenized markets. Bitcoin Capital, Credit Product Saylor framed Bitcoin as the foundation of the stack and Strategy’s Stretch (STRC) as the credit layer built on top of it. In his telling, the company’s business is no longer just accumulating Bitcoin, but “converting capital into credit” by using long-duration capital structures to strip cash flow from a volatile asset and deliver it as a steadier yield product. “What is Strategy doing? Our company is converting capital into credit. We’re converting economic wealt...

Finance Veteran Reveals Why XRP Price Will Actually Hit $100 Without Issue

Image
A finance veteran is pushing back against critics who have dismissed a $100 XRP price prediction , suggesting that those on the opposing side may simply be missing the bigger picture. He boldly argues that double- and triple-digit prices are inevitable, pointing to its underlying technology as the driving force that could carry the asset toward this ambitious milestone with relative ease.  Why The XRP Price Could Reach $100 Without Hassle Paul White Gold Eagle, a financial industry expert, is standing firm in his ambitious prediction that XRP will reach $100, firing back at skeptics who have written off the possibility . After spending 10 years working in bank operations, the veteran stated on X that his experience inside the financial system gave him a perspective most retail investors do not have.  Unlike front-facing roles where employees interact directly with customers, Paul White Gold Eagle revealed that operations work exposed him to the infrastructure that keeps b...

Ethereum’s Brutal Price Action Contrasts With Strong Spot ETF Demand, Will This Spur A Rebound?

Image
Following a brief and sudden market-wide uptick, the Ethereum price is drawing closer to the pivotal $2,100 mark again, recording a 12% rise in the past day. Despite the bounce on Wednesday, the broader market of ETH is still quite bearish, but bullish sentiment appears to be gaining momentum in the Spot ETFs sector. Sharp Decline Meets Quiet Ethereum Spot ETF Inflows The recent price movement of Ethereum has been quite harsh, with steep declines and ongoing volatility significantly impacting market sentiment. However, beyond the persistent waning price action, a different narrative is unfolding in the Ethereum Spot Exchange-Traded Funds (ETFs) . Despite the sell-off, causing ETH’s price to drop from $4,900 to under $2,000, spot ETF flows show renewed interest and, in certain situations, ongoing capital allocation. This discrepancy between robust ETF demand and poor price performance raises the possibility that institutional and long-term investors are seeing the decline as an oppo...

Bitwise Plants Its Flag In ETF Staking With Chorus One Buyout

Image
Crypto asset manager Bitwise just made one of its boldest moves yet. The company has acquired Chorus One , a staking infrastructure firm that manages more than $2.2 billion in assets across dozens of blockchain networks. The deal brings 50 Chorus One employees into Bitwise’s growing onchain division, where several billion dollars in crypto assets are already being staked by clients. Financial Terms Undisclosed Chorus One has been in the staking business since 2018. Over those years, it built a client base that includes family offices, large funds, exchanges, high-net-worth individuals, and custodians — the kind of institutional relationships that take years to earn. Its founder and CEO, Brian Crain, will stay on in an advisory role as the rest of the team folds into Bitwise Onchain Solutions. Reports say the financial terms of the deal were not made public. Bitwise did not disclose how much it paid. What is clear, though, is what the company gets out of it. The acquisition exte...

Solana Price Prediction: ETF Inflows Fuel SOL Push Toward $90 Barrier

Image
Solana (SOL) is attempting to stabilize after weeks of selling pressure, with price action now centered around a critical technical zone that could determine its next directional move. Related Reading: MoneyGram Joins Cardano’s Midnight As Federated Mainnet Validator After falling from recent highs near $86, the Solana price rebounded from support around $75–$76 and climbed back above $80, drawing renewed attention from traders and institutional investors watching for signs of a broader recovery. Recent market data shows Solana price in a consolidation phase, where improving derivatives positioning and fresh ETF inflows are beginning to offset weak sentiment caused by declining network activity and external market shocks. ETF Inflows Signal Institutional Re-Engagement A key catalyst behind the latest recovery has been renewed institutional demand. U.S. spot Solana ETFs recorded approximately $3.78 million in net inflows on February 24, reversing a stretch of outflows that had coi...

Why Is the Crypto Market Surging Today? Breakout Momentum Builds Ahead of U.S. Data

Image
The crypto market is showing renewed strength after several days of volatility, with prices rebounding as traders reposition ahead of key U.S. economic data. A mix of technical recovery, macroeconomic expectations, and market structure dynamics has helped digital assets regain momentum. After recent selling pressure drove prices toward critical support levels, buyers stepped back in, triggering a broad recovery led by Bitcoin and several high-performing altcoins. The move comes as investors increasingly focus on upcoming U.S. labor market data. Market Rebound Signals Bearish Exhaustion The total cryptocurrency market capitalization has added tens of billions of dollars over the past 24 hours, climbing back toward the $2.3 trillion region after earlier losses. Analysts point to signs of bearish exhaustion, with stabilizing price action suggesting that sellers may be losing control in the short term. Bitcoin reclaimed the $65,000 level and continues to trade within a multi-week cons...

Bitcoin Sees “Most Aggressive” Institutional Selling Ever, Analyst Says

Image
The founder of Capriole Investments has highlighted how Bitcoin is currently facing the most net selling pressure from institutions in history. Bitcoin Is Observing An Exit From Institutional Entities In a new post on X, Capriole Investments founder Charles Edwards has discussed the latest trend in the behavior of institutional entities on the Bitcoin network. To gauge institutional activity, Edwards has used the spot exchange-traded funds (ETFs) and treasury companies as a proxy. Spot ETFs are investment vehicles that trade in traditional markets and allow for indirect exposure to BTC. Similarly, treasury companies hold BTC on their balance sheet, making their stock price tied to the cryptocurrency’s movements. Traditional institutional entities are typically wary of blockchain infrastructure, so they tend to take one of the regulated, indirect routes into the asset. Now, here is the chart shared by the analyst that shows how the monthly rate-of-change (ROC) in the combined ETF...

XRP At Risk? Large Holders Stir The Market, Increasing Near-Term Turbulence

Image
The broader cryptocurrency market saw a sharp drop today, and the price of XRP took a big hit, falling to the $1.35 level. After a period of downside action, current on-chain activity is weakening, which is hinting at a continuation of the current bearish environment for the leading altcoin. A Spike In XRP Whale Transfers XRP’s price is facing heightened bearish pressure following a sharp market pullback on Monday, capping its upward attempts. In the meantime, the activity of large holders is once again drawing attention to the altcoin’s short-term price outlook.  According to a verified CryptoQuant author and analyst, Darkfost, these investors’ activity currently raises short-term risk for the altcoin as data shows a noticeable uptick in whale transactions and sizable wallet movements. Significant capital repositioning by major holders frequently precedes times of increased volatility, particularly in a market already dealing with brittle sentiment. Darkfost has mainly attri...

Solana Hit Hard: $27 Million Exploit Triggers Wave Of Shutdowns

Image
Operating within the Solana ecosystem, the platform had become a familiar tool for tracking DeFi activity before events took a sudden turn. Step Finance’s sudden shutdown is a sharp example of how a single security failure can end a project’s life faster than many thought possible. Reports say the team decided to stop all work after what it called an unrecoverable breach of treasury accounts. The move covers the main dashboard and several linked businesses, and token holders are left sorting out the fallout. Security Breach Shuts Down Services Based on reports, the treasury loss involved coins that had been unstaked and then moved off-platform. CertiK flagged that 261,854 SOL was taken during the incident, a sum worth roughly $27 million at the time. That kind of hit is not the same as a user-level contract exploit; this was a direct blow to the group’s cash and reserves. The team explored options, including outside funding and potential sales, but did not find a deal that would...