Tag: News

Algorand’s native token, ALGO, dropped 10% over the last 24 hours, hitting a low of $0.11 after a week of outperformance driven by quantum-resistance narratives. Bitcoin and major altcoins like ETH and XRP fell as rising oil prices and fading ceasefire hopes in the Middle East pressured risk assets. Bitcoin struck a low of $68,157 before a mild rebound, while total market liquidations climbed amid a shift in investor sentiment. The crypto...

Chaos Labs announced its departure from the Aave DAO on Monday, ending a three-year tenure as the protocol’s primary risk management provider. The exit follows similar departures from BGD Labs and the Aave Chan Initiative (ACI), leaving the lending platform without its three largest independent contributors. Chaos cited a fundamental misalignment over the scope of Aave V4, lack of profitability, and a breakdown in governance transparency as...

Brent crude oil fell 0.8% to $108.09 per barrel as markets reacted to a potential diplomatic breakthrough in the Middle East. Mediators from Pakistan, Egypt, and Turkey have proposed a 45-day ceasefire to reopen the Strait of Hormuz, a critical maritime chokepoint. The diplomatic push comes as President Donald Trump issued a Tuesday night deadline to target Iranian power plants and bridges if the waterway remains closed. Energy markets saw...