Cryptocurrency News Today TheBitTimes.com

Less than two months after being hacked, decentralized finance (DeFi) platform Kinto has announced its decision to shut down “to protect users and community.” Kinto’s post-hack recovery plan, dubbed “Phoenix,” included raising $750,000 in crypto from private credit protocol Wildcat Finance, promising depositors 50% APR. The bridge loan turned out to be insufficient, however. Kinto explained that “the 577 ETH that were drained and new debt + market conditions killed further fundraising.” Lenders who deposited to the Phoenix market will take a 24% haircut, the first default for Wildcat creditors who have facilitated $368 million in loans since its public launch in February. 1/ Kinto is shutting down. After exhausting every path to keep going, we’re conducting orderly wind-down to protect users and community. – Users can normally withdraw assets – Phoenix lenders receive ~76% – Morpho Victims can claim up to $1.1k each Read full details ...

Binance, the world’s largest cryptocurrency exchange, has announced support for tokenized yield-bearing assets USYC and cUSDO through Binance Banking Triparty and institutional custody partner Ceffu, as per the report shared with Finbold on July 24.  The integration allows institutional users to hold these assets off-exchange while accessing the Binance platform and receiving yield on pledged collateral. The move expands the supported collateral for institutional users beyond traditional assets, such as fiat currencies and Treasury bills, on Binance Banking Triparty, and beyond native crypto assets on Ceffu. Binance will waive banking triparty fees and absorb Ceffu’s MirrorX and MirrorRSV service fees until 2026. Tokenization of real-world assets, excluding stablecoins, has grown to $24 billion in June 2025, up from $15.2 billion in December 2024. Projections suggest it could reach up to 30% of traditional finance assets, valued at over $400 trillion, by 2034...

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Bitcoin, the largest cryptocurrency, has seen impressive growth, climbing 14% over the last month. This surge is largely due to investor optimism around the U.S. election results. Analysts believe a Republican win could further drive Bitcoin’s rapid price increase. Market experts predict a 75% Bitcoin rise if Republicans gain control of Congress. This possibility has created anticipation and volatility across the entire cryptocurrency market. The trend has also encouraged a surge in new cryptocurrency listings as demand rises. New Cryptocurrency Releases, Listings, & Presales Today CGTcoin revolutionizes DeFi through smart contracts and strategic token burning, driving a remarkable six-fold value increase. Chasm democratizes AI development by integrating blockchain with its innovative visual interface platform, Weave. SAY Protocol transforms communication through SEUCRET, offering secure, carrier-free calls without personal data requirements. 1. CGTcoin ($CGT) The innova...

The cryptocurrency market continues to diversify, with altcoins showing notable developments despite some fluctuations. Despite a recent price dip, Solana remains a significant token, as increased derivatives market activity suggests sustained trader interest. Many investors are holding strong, long positions, indicating confidence in its potential. Moreover, XRP also maintains a generally bullish market sentiment. Meanwhile, Dogecoin is gaining popularity, with optimistic sentiment growing on platforms like OKX.  Investors are actively seeking promising altcoins that show growth potential. This article highlights some of the best cryptocurrencies to invest in right now , assisting investors in identifying opportunities for potential gains.  Best Cryptocurrencies to Invest in Right Now CELO has recently shown strong trading activity in the market. Memebet, on the other hand, has raised over $372,000, signaling interest in its mix of meme coins and GambleFi. Meanwhile, Arwea...