Opinion by: Michael Egorov, founder of Curve Finance The crypto world shifts its focus every few months, with headlines buzzing about AI, integrations, memecoins and grand Web3 visions. While the spotlight moves from trend to trend, a quieter, deeper transformation is taking place beneath the surface: the gradual birth of a new financial system built on stablecoins, decentralized finance (DeFi) and code-driven contracts. This system can be nominally called “Money2” — and it’s not a theory or a future vision. It’s already here. Reports from early 2025 showed that, in February, the total supply of stablecoins had reached $225 billion…
Author: CYPRUS EYE
Read More
Key points: Bitcoin ditches its latest dip as strategic reserve hopes replace nerves over Federal Reserve policy. BTC price aims for $119,000, gaining nearly 3% versus FOMC meeting lows. Corporate Bitcoin treasuries add almost 30,000 BTC of exposure in just 48 hours despite market volatility. Bitcoin (BTC) saw a snap rebound Thursday as markets swapped Federal Reserve angst for strategic reserve excitement. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin traders eye strategic reserve as rate cut bets diveData from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing nearly 3% from Wednesday’s local lows. These had accompanied a more hawkish than expected Federal…
FDJ’s Kindred saw revenue drop 12% in H1 compared to 2024, a record period for the company thanks to Euro 2024. CEO Stephane Pellaz said iGaming was unlikely to be on the political bill again anytime soon. In its H1 earnings release on Wednesday, FDJ United flagged an 11.5% year-on-year dip in revenue for its online betting and gaming business, operated by Kindred. While Kindred was not part of the FDJ group until October 2024, the comparison includes “restated” figures, meaning Kindred’s H1 2024 figures, as if the operator had already been part of FDJ. FDJ United submitted a €2.45bn…
Gilbert Arenas is again in trouble over card games, but this time, it is set to lead to criminal prosecution. The list of high-profile athletes caught up in illegal gambling scandals this year grew longer Wednesday, as former NBA All-Star Gilbert Arenas was arrested along with five others in connection to an illegal poker ring operating out of a mansion owned by Arenas in Encino, California. According to a statement from the US Attorney’s Office for the Central District of California, Arenas is facing three charges. They are one count each of conspiracy to operate illegal gambling, operating illegal gambling…
Key takeaways: Derivatives data shows traders remain wary despite the recent ETH price gains and strong ETF inflows. Ethereum faces competitive pressure from Solana and BNB Chain amid stagnant network activity growth. Ether (ETH) price has surged 56.5% over the past 30 days, yet ETH derivatives metrics suggest traders remain cautious. This sentiment may reflect anxiety, since Ether has repeatedly failed to break the $4,000 psychological threshold since March 2024. Persistent weakness in Ethereum onchain metrics adds to investors’ frustration. ETH perpetual futures annualized funding rate. Source: Laevitas.chThe annualized funding rate for Ether perpetual futures fell to 9% on Thursday,…
The White House released its long-awaited report on crypto on Wednesday, detailing a number of policy recommendations that omitted a Bitcoin (BTC) reserve. The 166-page document provides recommendations for multiple aspects of the crypto industry, including banking policy, stablecoins and countering illicit finance. The report does mention the Strategic Bitcoin Reserve, insofar as it was established back in March, but makes no mention of further development. Bitcoin maximalists have stated that the Bitcoin reserve order should allow the government to actively purchase the asset in a strategy more akin to El Salvador. While the crypto industry has largely welcomed the…
The restoration project of the 2,200-year-old theater in the ancient city of Assos, Çanakkale, northwestern Türkiye, has reached its final stage. Assos, established on the summit and slopes of a volcanic hill at the southern tip of the region called “Troas” in ancient times, facing the island of Lesbos, has hosted many civilizations over the centuries. An ancient port city, Assos was also known as a center of learning. A section of the 2,200-year-old theater in Assos, Türkiye, July 31, 2025. (AA Photo) The famous ancient philosopher Aristotle founded a school of philosophy here and conducted significant research in zoology,…
Throughout the summer, The Bodrum EDITION offers a holistic cultural experience that seamlessly blends art, music, architecture and gastronomy within its refined atmosphere. Reflecting this vision, the hotel recently hosted an exclusive Art Dinner at BRAVA by Stefano Ciotti, in collaboration with Muse Contemporary Gallery. The evening, curated by Pınar Akalın, founder of Muse, featured the exhibition “4 Billion AD” by artist Emin Mete Erdoğan. Selected Works from “4 Billion Ad” by Emin Mete Erdoğan in Bodrum, Muğla, Türkiye, July 10, 2025. (Photo by Funda Karayel) Erdoğan, known for his distinctive style that merges technical drawing with classical painting disciplines,…
Australia has flourished as an export powerhouse for decades. Much of this prosperity has been driven by the nation’s natural endowment with two important raw products for producing steel the traditional way: iron ore and metallurgical coal. Worth more than A$100 billion in 2024, Australia’s iron ore shipments to China make up about 55% of everything we export there. But a transformation has been taking place in China’s steel industry, which is under intense pressure to decarbonize. Earlier this year, Beijing formally expanded its national emissions trading scheme to cover steel production. And just this month, it issued another decree…
TOKYO – As new South Korean President Lee Jae Myung sets out to revamp Asia’s fourth-biggest economy, he can cross direct US tariff risks off the list of possible spoilers. Korea’s tariff deal with the US removes a gigantic element of uncertainty as Lee gets to work raising Korea’s economic game. Though the 15% tax on US-bound goods will hurt, getting the uncertainty factor out of the way will enable Korea Inc to move forward. “It is a case of the worst avoided, with a pinch of relief removing Korea-specific tariff risks,” says Kathleen Oh, chief Korea economist at Morgan…