Decentralized crypto derivatives exchange dYdX has taken a key step towards launching its decentralized v4 by open-sourcing its code.

DYdX first revealed its intentions to transition from being an Ethereum layer-2 to becoming an appchain using the Cosmos SDK in June last year.

By open-sourcing its code, the dYdX team is hoping to receive community feedback and come to a consensus between its third-party validators and node operators before launching the dYdX mainnet.

According to information on DeFiLlama, dYdX currently has a total value locked (TVL) of $364 million, and the protocol’s token commands a market cap of $404.35 million. It has a fully diluted valuation of $2.27 billion…

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The recent rally in Bitcoin’s price over the last week can be attributed to several factors:

Optimism Around Bitcoin ETF Approval:

The cryptocurrency markets, especially Bitcoin BTC/USD, have experienced a boost due to optimism surrounding the potential approval of a Bitcoin Exchange Traded Fund (ETF) in the US​.

The speculation around the Bitcoin ETF has been building up, with a notable instance on October 16th when a false news report regarding the approval of a Blackrock ETF led to a brief price jump.

Financial institutions are showing increased interest in providing access to Bitcoin investing to their clients through ETFs. The expectation of a fully-fledged…

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US crypto-related stocks soared Tuesday morning, echoing bitcoin’s price move above $35,000 earlier in the day. 

Coinbase led the pack, with its stock trading more than 14% in the green as of the time of writing. MicroStrategy, the top US corporate holder of bitcoin, climbed around 13%. 

Block, which sells bitcoin via Cash App, is up roughly 4.8% as of the time of writing.  

Share prices for bitcoin mining companies are also rebounding after high temperatures this summer pushed many of them to slow their operations. 

CleanSpark shot up roughly 18% on Tuesday, with Marathon Digital advancing as much as 20%. Hut 8, a particularly beleaguered miner, increased just over 10% after the…

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CleanSpark Inc CLSK shares are trading higher by 17.7% to $5.01 Tuesday morning. Shares of crypto-related stocks are trading higher after Bitcoin reached $35,000 for the first time since 2022.

Bitcoin’s strong performance is attributed in part to the optimistic outlook for a spot ETF. Major financial institutions like BlackRock and Fidelity have adjusted their ETF applications, and Grayscale has taken steps to list its Bitcoin Trust shares on NYSE Arca, indicating their desire to transform the trust into a spot Bitcoin ETF.

Why This Matters To CleanSpark Investors

CleanSpark is involved in cryptocurrency mining, which means they use their microgrid technology to optimize the energy usage…

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Hardware wallet firm Ledger is rolling out its cloud-based private key recovery solution despite facing significant criticism from the crypto community.

Ledger Recover, an ID-based private key recovery service for the Ledger hardware wallet, is launching on Oct. 24, the firm officially announced on X (formerly Twitter). The release comes in conjunction with Ledger finalizing the open-source code for the Ledger Recover on GitHub.

Provided by blockchain protection platform Coincover, Ledger’s seed phrase recovery solution is a paid subscription service allowing users to backup their Secret Recovery Phrase (SRP). SRP is a unique list of 24 words that backs up the private keys and gives…

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The past week’s run of green crypto candles “started off in a funny way,” says Mark Yusko. An errant post on X announcing the US Securities and Exchange Commission’s approval of a spot bitcoin ETF was definitely “not a good look” for crypto media, he says. 

But more interestingly, the market’s response since the futures melting slip-up has been to steadily rally upwards. Bitcoin buying action again surpassed the psychological barrier of $30,000 on Friday and has continued climbing. 

The subsequent run-up returns to prices briefly seen during the fake-out spike that caused around $100 million in hourly liquidations. The Morgan Creek Capital founder says the volatile…

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Old financial news headlines once bandied about descriptions of ETFs as “financial weapons of mass destruction” that threatened to annihilate the very fabric of American capitalism, Matt Hougan says.

“There were congressional hearings, literally about ETFs destroying American entrepreneurialism and ending the American dream,” the Bitwise CIO says. 

Before the advent of ETFs, Hougan explains on the Empire podcast (Spotify/Apple), people mostly invested through mutual funds, allowing them access to the market just once a day.

This created a “shared collective experience of taxation,” Hougan explains. If an individual sold their mutual funds, all the remaining investors…

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Blockchain privacy firm Nym Technologies has launched a $300 million funding program aimed at providing capital to projects building security-focused infrastructure.

The Nym Innovation Fund will draw capital from venture capitalist investors including Polychain, KR1, Huobi Incubator and Eden Block and will focus on supporting projects building Web3 privacy-focused tools and services.

Nym Technologies CEO and co-founder Harry Halpin said that privacy remains a central cog in ensuring that a decentralized internet remains resistant to censorship and avoids the pitfalls of Web2:

“This programme will ensure the health of the privacy ecosystem but it will also advance the Web3 industry as a… Read more on Cointelegraph