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Business Insider
31-07-2025
- Business
- Business Insider
Maestro Joins Canton Network As a Validator to Strengthen Privacy-First Financial Systems
Austin, Texas, July 31st, 2025, Chainwire Maestro was granted a validator spot on Canton Network alongside other leading institutions from the financial and digital asset sectors, such as Binance, BitGo, Bank of America, Galaxy Digital, Mastercard, Citadel, and Nasdaq. Maestro will support the regulated financial institutions' adoption of blockchain systems by strengthening Canton's infrastructure. Maestro, the leading enterprise-grade infrastructure provider powering the future of digital finance, has announced that it has become a validator on the Canton Network, the only Layer-1 blockchain that offers configurable privacy and institutional-grade compliance at scale. This collaboration unites two firms focused on enabling privacy, control, and interoperability for financial institutions. Canton Network connects participants across financial markets, handling over $1 trillion in monthly transaction volumes. It recently completed a $135 million funding round led by DRW Venture Capital and Tradeweb Markets, with participation from major institutions including Goldman Sachs, Citadel Securities, and BNP Paribas. Nine of the world's 10 largest global investment banks are now part of the Canton Network ecosystem. Maestro is bringing its infrastructure expertise to Canton Network by supporting institutional-grade blockchain applications such as Bitwave, The Tie, Proof Group, BitSafe, HydraX, and IntellectEU — platforms that collectively process trillions of dollars in transactions annually. With a proven track record powering top Bitcoin applications and facilitating billions in transaction volume, Maestro is well-positioned to help support and scale these leading applications within the Canton ecosystem. Canton's validators include leading institutions from the financial and digital asset sectors. In July, a new set of validator slots was granted, including Binance, BitGo, Bank of America, Galaxy Digital, Mastercard, Citadel, and Nasdaq. Maestro will support the growing adoption of blockchain systems by regulated financial institutions by strengthening Canton's infrastructure. 'As the Canton Network continues to grow across various enterprise use cases and segments, infrastructure provided by Maestro and other validator partners will be instrumental in supporting the growing applications in the ecosystem.' said Melvis Langyintuo, Executive Director of the Global Synchronizer Foundation. Maestro Co-Founder & CEO Marvin Bertin said, 'We're proud to join the Canton Network as a validator. This partnership reflects our commitment to helping institutions adopt blockchain technology and upgrade the traditional financial rails with secure, compliant infrastructure.' Designed for regulated financial markets, Canton Network is used by leading banks, asset managers, and trading firms. These entities can access a range of financial products on Canton, including Bitcoin, which is attracting growing institutional interest. Maestro has processed billions of API calls on its platform and provided enterprise-grade infrastructure to hundreds of companies. Its arrival in Canton will bring this expertise to help support the network, which forms a major hub for enterprises. Maestro is the first enterprise-grade infrastructure provider tailor-made for Bitcoin DeFi. Its mission is to accelerate the world's transition to the Bitcoin Economy by delivering a comprehensive, scalable infrastructure stack optimized for on-chain finance. By empowering developers and businesses with robust software tooling, Maestro is setting a new standard for how financial applications are built on Bitcoin, fueling the evolution of a decentralized, blockchain-native financial system. Learn more: About The Canton Network The Canton Network is the first public, blockchain purpose-built for institutional finance—uniquely combining privacy, compliance, and scalability. Governed by the Global Synchronizer Foundation with participation from leading global financial institutions, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. Initially developed by Digital Asset and now open-sourced, Canton supports decentralized governance and collaborative app development. By overcoming the limitations of existing blockchains, Canton unlocks new efficiencies for regulated institutions and facilitates the convergence between traditional finance and institutional crypto. Learn more at: About the Global Synchronizer Foundation Global Synchronizer Foundation's mission is to foster the development and growth of the Global Synchronizer in the Canton Network and facilitate its governance. The GSF provides transparency and member engagement in decisions made by the operators (Super Validators) of the Global Synchronizer to ensure a reliable, fair, and trusted service for the Canton Network. Blockchain applications in the Canton Network can use the Global Synchronizer to enable atomic transactions across sovereign blockchains without sacrificing privacy or control. Learn more at:
Yahoo
23-07-2025
- Business
- Yahoo
PEPE Dips Slightly as Market Cools, but Outperforms Broader Memecoin Sector
PEPE fell around 2% in the last 24-hour period as part of a broader 5% sell-off that started amid a crypto market slowdown and a wave of high-volume selling. The price slid from $0.000014268 to $0.000013568 during the session, with 349 billion tokens offloaded during the move, according to CoinDesk Research's technical analysis data model. The meme-inspired cryptocurrency briefly rallied to a session high of $0.000014713, supported by 11.7 trillion tokens traded in a single surge. But the attempt fizzled, encountering stiff resistance and triggering a swift reversal. The sharp move led to more than $4 million in liquidations, per CoinGlass data. That session high now stands as a firm technical ceiling, reinforcing trader doubts about near-term upside. Relative post volume on social media is up more than 23% compared to its 24-hour average, according to data from TheTie, suggesting growing interest. Support came in near $0.000013618, where buyers showed interest during earlier dips. While the token briefly moved below that level, it has since recovered to surpass it. Meanwhile, Nansen data shows that even as the top 100 addresses holding PEPE on Ethereum have increased their holdings by 0.11%, exchange wallets added 0.24% in the last 24 hours, showing a growing supply on the market. Despite the drop, PEPE is slightly outperforming the wider memecoin space. The CoinDesk Memecoin Index (CDMEME) saw a 2.4% drop in the last 24 hours, compared to PEPE's near 2% drop. Over the past month, PEPE is up nearly 55% compared to CDMEME's 41.7% rise. The frog-themed token has been outperforming after forming a golden cross pattern earlier this month. Crypto analyst Lark Davis on social media flagged a potential breakout target at $0.0000155. Technical Analysis Overview Trading volume spiked to 11.72 trillion tokens during a breakout attempt, signaling widespread market participation. Strong rejection at $0.000014713 now serves as a critical ceiling for further upside. Consistent buyer activity formed a key support near $0.000013618 A sharp deterioration began with 230.19 billion tokens sold in a concentrated period. Massive offloading occurred in successive waves of 237.67 billion, 329.19 billion, and finally 349.11 billion tokens. Activity dwindled to near-zero then, signaling trader fatigue and lack of conviction for recovery. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. 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
05-04-2025
- Business
- Yahoo
Crypto Outperforms Nasdaq as BTC Becomes 'U.S. Isolation Hedge' Amid $5T Equities Carnage
President Donald Trump's reciprocal tariff unveiling had led to a $5.4 trillion U.S. equities market wipeout in just two days as the S&P 500 index dropped to its lowest level in 11 months and the Nasdaq 100 entered bear market territory. Yet, amidst the chaos, cryptocurrency prices are showing resiliency, with bitcoin (BTC) dropping roughly 6% since the tariffs were unveiled, compared to the Nasdaq's 11% drop. The broader crypto market, as measured by the CoinDesk 20 (CD20) index, dropped by roughly 4.9% over the same period. To put the sell-off figures into perspective, the total crypto market cap is around $2.65 trillion, according to data from TheTie. In the last 24-hour period, bitcoin dropped 0.3% to $82,619.77, while the broader CD20 went up by roughly 0.2%. At the market close on Friday, most crypto-related stocks fell as well, but some actually moved up. Bitcoin miner MARA Holdings (MARA) rose 0.6%, while Core Scientific (CORZ) saw a 0.4% upward move. Strategy (MSTR), the largest corporate holder of bitcoin with 528,185 BTC on its balance sheet, rose 4%. It significantly outperformed the Nasdaq on Friday, which plunged 5.8%. Cryptocurrency prices are likely to remain resilient. Given their accessibility through traditional investment products, including exchange-traded funds (ETFs), and their performance, they could be 'useful as a TradFi hedge,' according to Standard Chartered's Geoffrey Kendrick. 'Over the last 36 hours I think we can also add 'US isolation' hedge to the list of bitcoin uses,' Kendrick wrote in an email dated April 4, adding in a chart showing that among the Magnificent 7 stocks, only Microsoft outperformed BTC during the sell-off. The resilience is also coming as the crypto community celebrated the purported birthday of bitcoin creator Satoshi Nakamoto. The date is based on the bitcoin creator's profile with the P2P Foundation. The date, some speculate, isn't real but instead symbolic. It coincides with the anniversary of Executive Order 6102, signed by President Franklin D. Roosevelt on April 5, 1933. The order required Americans to turn in their gold to the Federal Reserve. Read more: Bitcoin Begins to Decouple From Nasdaq as U.S. Stocks Crumble
