Latest news with #Kraken
CNBC
4 hours ago
- Business
- CNBC
Bitcoin and ether fall as investors await this week's Fed rate decision: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin and ether fall ahead of the Federal Reserve's decision on rates. Plus, Kraken's Thomas Perfumo breaks down the crypto exchange's new OTC report and what we can expect for major cryptocurrencies in the months to come. And, Dan Dolev of Mizuho explains what stablecoins mean for the future of PayPal's business now that the GENIUS Act was signed into law in the United States.
Time of India
6 hours ago
- Entertainment
- Time of India
Fortnite Super Showdown live event date, time, and more
Image via Epic Games. We are at the very horizon of Chapter 6 Season 3 in Fortnite. This season was totally based on the 'superhero' theme, with subsequent contents like Superman, The Fantastic Four, and many more. So, it was quite obvious that Fortnite wanted to end this season with another superhero banger, like the Super Showdown live event. Fortnite live event is a real treat to its fans, bringing them into a spectacular but synchronised experience. Such events are generally hosted at closing moments of any season for further lore progression. Let's see what Fortnite has to reveal after its Supernova Academy lore based Season 3. Everything you need to know about the Fortnite Super Showdown live event Fortnite has recently announced from its official Twitter handle that it is going to host the Super Showdown live event on August 2, 2025, at 2:30 PM ET. This event will most probably bring Daigo's master plan to light as the game's lore might progress with the highly anticipated kaiju-esque creature named Kraken summoned by Daigo himself. As of now, Fortnite hasn't yet revealed any further detail about the event, like how it is connected to the superhero theme of the current season. Players will be able to start matchmaking in this event 30 minutes prior to the actual start of the event. That means that this event will take place in a different map rather than the general battle royale map. According to certain rumors, this place is going to be the Demon's Domain, which is the corrupted stronghold of Diago. Players are advised to queue up at least 30 minutes early before the start of the event to get away from crashes and minimize the chances of actually missing out on this highly anticipated event. This event can be found under the Discover tab in the game on 2:00 PM ET on August 2. The Fortnite Super Showdown live event is going to last for approximately 15 minutes, so players should be alert before joining this event as it's non-repeatable. That means, once this event ends, players won't be able to join it again. Read More: When will the Fortnite servers come back online after v36.30 downtime? Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Irish Times
7 hours ago
- Business
- Irish Times
Crypto investors need more detailed warnings about risks involved
Financial regulators can noticeably increase the impact of their warnings about the risk of investing in crypto assets by incorporating 'behaviourally informed' messages about the dangers of losing money, a new study has indicated. Research conducted by the Central Bank of Ireland found that more specific warnings about the risks associated with the asset class, coupled with price volatility information, can improve risk comprehension and perception among at-risk investors. In a research paper published on Tuesday, Central Bank economist Danish Us-Salam said that younger people 'with less investment experience' tend to be the most at-risk of falling prey to bad information about crypto products. 'Inexperienced investors are particularly at risk, as information on social media platforms and aggressive marketing campaigns can positively influence their investment decisions,' he said. READ MORE The research is based on an online experiment in which participants viewed promotions for crypto assets and more traditional stock investments. [ Crypto trading exchange Kraken secures EU-wide licence from Central Bank Opens in new window ] The study found that risk perception increased notably among subjects who were given more behaviourally specific, detailed warnings about risky investments. One such warning given to participants was: 'Don't invest in crypto assets unless you're prepared to lose all your money. This is a high-risk investment. You could lose all your money and are unlikely to be protected if something goes wrong.' Risk comprehension and perception increased among participants exposed to this message compared with those exposed to the standard 'your capital is at risk' warning, typical of many financial products. Mr Us-Salam said the findings support policymakers' mandate to 'design and implement risk communication strategies that are not only informative but also behaviorally cognizant'. He said: 'Enhanced risk warnings that strategically increase the salience of critical information and employ recency effects can lead to better-informed investment decisions, thereby safeguarding individuals at risk of investments in crypto assets.' Central Bank governor Gabriel Makhouf has long taken a sceptical view of crypto assets, saying most explicitly in a blog post two years ago that it 'might be more accurate' to describe them as 'Ponzi schemes' rather than investments. The regulator continues to warn potential investors that crypto assets are not regulated financial products and that consumers 'face the possibility of losing all their money if they buy crypto'.
Yahoo
a day ago
- Business
- Yahoo
Aave votes to launch white-label lending protocol on Kraken's Ink blockchain
Aave, the largest DeFi lending protocol, is set to launch on Kraken's Ink blockchain. The Aave DAO proposal, created on July 17, aims to deploy a centralised version of Aave's lending market on Ink. The new protocol will be controlled by the Ink Foundation under a new name, with a portion of revenue going back to the DAO. 'By granting a license to deploy a centralized version of the Aave codebase, Aave can expand its technology adoption while creating new revenue streams through partnerships with innovative platforms,' the proposal states. Coming at a time when deposits into DeFi lending protocols are hitting record highs, Ink is looking to tap into this market and take advantage of Aave's code. Aave currently controls about half of the $65 billion lending market, according to DefiLlama. With nearly $32 billion in deposits, it is currently the secod-largest DeFi protocol. Ink blockchain Kraken, the US-based centralised exchange, launched its layer 2 blockchain Ink in December 2024. The launch was met with little enthusiasm, bringing in less than $1 million in deposits within the first month. With a fewer than two-dozen protocols, the chain has yet to become a major player in the competitive layer 2 landscape. As of Friday, protocols on Ink had just over $9 million in deposits, placing the blockchain well outside the top 100. Volumes on decentralised exchanges on Ink have also underwhelmed, falling from a peak of about $195 million in May to $67 million in June. Other centralised exchange-backed layer 2s have seen more success. Coinbase's Base has over $5.7 billion in deposits while ByBit's Mantle has over $250 million. To buck this trend and encourage new users to join the blockchain, the Ink Foundation in June announced the upcoming release of an Ink token, along with several incentives for the blockchain's users. 'The first use case for Ink tokens will be built around a liquidity protocol powered by Aave,' the Foundation said. 'To reward early usage, Ink tokens will be distributed to participants of the liquidity protocol through an airdrop.' Among the incentives are multiple 'liquidity mining' programs, according to the Aave proposal. Those programs are expected to draw $250 million to the yet-to-be-named Aave deployment on Ink. Initially, 4% of the total Ink token supply has been allocated to users of Aave's new lending platform. In addition to this, the Aave DAO will allocate a portion of Aave tokens and its stablecoin GHO as further bootstrapping incentives. The Ink Foundation agreed to exclusively work with Aave for at least 12 months after deployment, refraining from communicating or integrating with any other lending protocols. Currently, the proposal is receiving almost universal support from the Aave community, receiving about 412,000 votes in favour compared to only 1,600 against. Voting ends on July 21. Zachary Rampone is a DeFi correspondent at DL News. Have a tip? Contact him at zrampone@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Robinhood's tokenised stocks are seen as ‘next major driver of onchain adoption'
Tokenised debt helped DeFi survive the 2021 to 2022 bear market, but a pivot to tokenised stocks could boost the $115 billion crypto sector's next growth phase. That's according to a Monday report by Wintermute, a crypto market maker, that said market conditions necessary to incentivise the pivot are already emerging. The report said central banks are likely to lower interest rates in the next 12 to 18 months, which could dampen bond yields and other debt instruments. And Robinhood is positioning itself to capitalise on the market shift as the fintech app debuted tokenised stock trading for its users in June. 'Robinhood's timing is significant,' Wintermute said. 'As the yield trade loses momentum, tokenised equities, less dependent on interest rate dynamics, could emerge as the next major driver of onchain adoption.' Tokenised equities don't rely on interest rate gymnastics, the way bonds do. Instead, they offer volatility, growth, community, appeal, and retail excitement. Retail excitement has been noticeably absent from DeFi since the height of its buzz in 2021. Making a splash But for now, tokenised stocks remain a tiny slice of DeFi's real-world asset, or RWA, pie. They account for only $424 million out of the $25 billion RWA market, which is mostly dominated by tokenised credit, Treasuries, and other low-velocity debt instruments. And while Robinhood has made a splash, competition is brewing. Crypto-native rivals like Kraken and Bybit are also ratcheting up their tokenised stock trading offerings, while Ondo Finance has sought regulatory approval to buy Oasis Pro, a regulated broker. Coinbase has also applied to the Securities and Exchange Commission for approval to offer tokenised stock trading. For Wall Street incumbents, tokenised stock trading could upend the status quo and push them to play second fiddle in their own arena, according to Galaxy Digital analysts. Last week, the crypto firm warned that fintech disruptors like Robinhood and crypto-native players like Coinbase and Kraken moving into tokenised equities could reduce titans like the New York Stock Exchange to 'mere custodians.' And traditional firms like JPMorgan, Wells Fargo, and Citigroup are already scrambling to adapt by launching stablecoin and tokenisation platforms. Still, Galaxy Digital analysts say the market edge will lie with participants that not only offer trading but also control the underlying blockchain infrastructure. Crypto market movers Bitcoin is up slightly by 0.1% over the past 24 hours and is trading at $108,832. Ethereum is also up slightly by 0.5% in the same period to $2,575. What we're reading A digital euro will be a poor and crippled substitute to stablecoins — DL News Jack Dorsey Tests Decentralized Messaging App Bitchat — Unchained 3 factors impacting crypto this week — Milk Road Vitalik's EIP-7983 Calls For 16.77M Gas Cap Per Transaction — Unchained Solana bot platform Axiom takes over AI coder Cursor with $150m revenue fuelled by airdrop hype — DL News Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
