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Cryptocurrency markets saw different week of downside, arsenic investors eagerly anticipated the year’s past Federal Open Market Committee (FOMC) meeting.
Bitcoin (BTC) roseate to a play precocious of $94,330 connected Tuesday arsenic capitalist morale was bolstered by Strategy’s $962 million Bitcoin acquisition, the company’s largest concern since July 2025.
On Wednesday, the US Federal Reserve delivered a wide anticipated 25-basis-point involvement complaint cut. Crypto markets saw a impermanent bounce, arsenic little rates and cheaper borrowing costs typically summation hazard appetite and superior entering hazard assets specified arsenic crypto.
However, the market’s upside was temporary, arsenic the Fed’s latest involvement complaint chopped was “widely expected and beauteous overmuch priced in,” CoinEx exchange’s main analyst, Jeff Ko, told Cointelegraph.
Despite the deficiency of capitalist appetite, cardinal developments specified arsenic the expanding fig of crypto exchange-traded funds (ETFs) and the improving usability of onchain products are ushering successful a imaginable “Netscape” infinitesimal for the crypto industry, analysts told Cointelegraph.
Historic sentiment and terms patterns travel Fed complaint cuts. Source: SantimentCrypto nears its “Netscape” infinitesimal arsenic manufacture approaches inflection point
The cryptocurrency manufacture is approaching its “Netscape” moment, arsenic dependable advancement successful blockchain infrastructure and the emergence of regulated concern products thrust a caller question of organization adoption, according to Paradigm co-founder Matt Huang.
The crypto assemblage is “facing its ‘Netscape’ oregon ‘iPhone’ moment,” Huang wrote Sunday successful a station connected X. “It’s moving bigger than ever before, acold beyond our wildest dreams. Both the organization parts and the cypherpunk parts.”
Netscape launched the archetypal easy-to-use web browser for mainstream users successful 1994 earlier going nationalist with a palmy archetypal nationalist offering (IPO) successful August 1995, marking the archetypal gathering artifact that triggered the internet’s wide adoption.
However, Microsoft saw the large-scale involvement and capitalized connected it connected it by freely bundling Internet Explorer arsenic a pre-installed constituent of the Windows operating system, outcompeting Netscape to go the astir wide utilized net browser.
Source: Matt HuangBubblemaps challenges PEPE’s just launch, alleges 30% of genesis proviso bundled
Blockchain information is casting uncertainty connected the “for the people” motorboat communicative of memecoin Pepe, with caller investigation suggesting that astir a 3rd of the archetypal proviso was held by a azygous entity and contributed to dense aboriginal selling pressure.
About 30% of the Pepe (PEPE) token proviso was bundled astatine motorboat successful April 2023, blockchain information visualization level Bubblemaps claimed connected Wednesday successful a station connected X, adding that investors were “lied to.”
The aforesaid wallet clump sold $2 cardinal worthy of PEPE tokens the time aft launch, adding important merchantability unit that stopped the token from surpassing the $12 cardinal milestone, according to Bubblemaps.
That attraction of the genesis proviso contrasts with Pepe’s archetypal branding arsenic a “coin for the people.” The project’s website said the token launched “in stealth” with nary presale allocations.
Source: Bubblemaps“Elite” traders hunt dopamine-seeking retail connected prediction markets: 10x Research
Prediction markets are emerging arsenic a caller battleground successful the crypto economy, wherever the best-informed traders are competing against casual retail bettors for profits.
Most users are behaving much similar sports bettors than disciplined traders, according to a Tuesday study from probe steadfast 10x Research, which said they are trading “dopamine and communicative for subject and edge.” It added: “Accuracy and nett are driven not by the crowd, but by a tiny, informed elite who terms probability, hedge exposure, and extract premium from retail-driven longshots.”
The rising liquidity and retail information are incentivizing nonrecreational trading desks to summation their prediction marketplace enactment and seizure the dispersed and “misinformation asymmetry” arising from this marketplace structure, 10x said.
Polymarket progressive users, weekly, Bitcoin left-hand-side price, year-to-date chart. Source: 10x ResearchThe study is simply a concerning motion for casual traders looking to marque casual wealth connected prediction markets, arsenic blockchain information suggests that astir users suffer their archetypal investment.
Polymarket, positive/negative wallet balances. Source: Dune.comOnly astir 16.7% of wallets connected Polymarket are successful profit, portion the remaining 83% person incurred losses, according to blockchain information from Dune.
Coinbase opens Solana DEX entree arsenic CeFi and DeFi converge
Coinbase is moving deeper into the Solana ecosystem, letting users commercialized autochthonal Solana tokens done a decentralized speech integration alternatively than accepted listings.
Andrew Allen, Coinbase protocol specialist, said successful an X station that Coinbase present allows its users to commercialized each Solana (SOL) tokens done a decentralized speech (DEX) integration, “without listings,” helium noted, adding that “very soon you volition beryllium capable to unfastened the Coinbase app and spot autochthonal Solana assets connected Coinbase.”
“For issuers and builders, if your token has capable liquidity, this means you tin beryllium accessible to the millions of users connected Coinbase without getting listed,” Allen said.
The announcement follows Coinbase’s integration of tokens from its Base blockchain done a akin DEX integration successful aboriginal August. The announcement noted that the speech planned to “expand DEX enactment to see further networks, starting with Solana.”
Source: Andrew Allen/SolanaMantra CEO tells OM holders to retreat from OKX implicit “inaccurate” migration plan
Tensions betwixt blockchain level Mantra and crypto speech OKX are rising aft Mantra accused the speech of posting incorrect accusation astir its token migration.
In a Monday X post, Mantra CEO John Patrick Mullin urged users of centralized cryptocurrency exchange (CEX) OKX to retreat their Mantra (OM) tokens and chopped their “dependency” connected the platform.
“Users should see withdrawing their OM tokens from OKX[...]. Avoid OKX Exchange Dependency: Complete migration without relying connected perchance negligent oregon malicious intermediaries,” said Mullin.
His informing came successful effect to a Friday announcement from OKX astir supporting the incoming OM token migration.
Source: JP MullinAccording to Mullin, the OKX station contained aggregate inaccuracies, including mendacious migration and implementation dates.
OKX said the migration would hap betwixt Dec. 22 and Dec. 25. Mantra’s governance proposal, by contrast, states that the migration volition lone instrumentality spot aft the Jan. 15 deprecation of the Ethereum-based ERC-20 OM token.
Mullin besides said OKX’s station referenced “arbitrary dates passim December 2025,” portion Mantra has not yet announced an authoritative implementation date.
He claimed OKX had not communicated with Mantra since “the events” of April 13, portion Mantra has “helpfully [been] communicating with each different large exchanges regarding our migration.”
OKX’s OM Crypto Migration post. Source: okx.comDuring the forthcoming migration, the OM token volition migrate from an Ethereum-native ERC-20 token to a Mantra Chain-native token.
Cointelegraph has contacted OKX for comment, but had not received a effect by work time.
OKX has since reached retired to Mantra and corrected the inaccuracies successful the announcement, the speech wrote successful a Wednesday X post
DeFi marketplace overview
According to information from Cointelegraph Markets Pro and TradingView, astir of the 100 largest cryptocurrencies by marketplace capitalization ended the week successful the red.
The Kaspa (KAS) token fell implicit 13%, marking the biggest diminution successful the apical 100, followed by the Story (IP) token, besides down 13% during the past week.
Total worth locked successful DeFi. Source: DefiLlamaThanks for speechmaking our summary of this week’s astir impactful DeFi developments. Join america adjacent Friday for much stories, insights and acquisition regarding this dynamically advancing space.
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