Why did ZK crypto’s price climb by 162% within 48 hours?

PANews reported on November 4th that, according to an official announcement, Stream Finance stated that an external fund manager disclosed a loss of approximately $93 million in Stream funds under their supervision. Stream has hired Keith Miller and Joseph Cutler of the law firm Perkins Coie LLP to lead a full investigation. Currently, Stream is withdrawing all liquid assets and has announced the suspension of all deposit and withdrawal operations. Further updates will be provided regularly. Earlier today, PeckShield stated that StakedStreamUSD (XUSD) has de-pegged by approximately 23% .

The post From Seed Phrases to Digital Control Centers appeared on BitcoinEthereumNews.com. The crypto industry has recently made headlines for regulation battles, speculation or hacks, but behind the noise, wallets, the entry point for most people into the digital asset world, are quietly evolving and transforming what it means to participate in the Web3 economy. This week’s episode of The Clear Crypto Podcast, brought to you by StarkWare and Cointelegraph, dives into the future of cryptocurrency wallets with Jess Houlgrave, CEO of Reown, the company behind WalletConnect, to explore how wallets are shifting from niche crypto tools to mainstream “control centers” for digital life. Crypto wallet diversity “I don’t think there is one best wallet, because what each individual or company might want from a wallet is going to vary a very huge amount,” Houlgrave said.  “Some people might want to prioritize speed, ease of access… At the other end of the spectrum, if I’m a company, I’m looking at huge amounts of crypto for trading. The kind of wallet that I want there is going to be very, very different.” That spectrum of needs has fueled rapid evolution. Early barriers like seed phrases and confusing gas fees are starting to fade. “Right now I’m really optimistic because I think the best in class wallets out there have actually solved those problems,” she said. “There’s just so much more optionality now that allows end-users to kind of pick and choose.” Web3 tech Web2.0 simplicity  Houlgrave emphasized the importance of bridging Web3 complexity with Web2 simplicity: “Over time, what we think about is how do we close this chasm that exists between Web2 user experience today and Web3 user experience… “ Related: Crypto finance is scaling, but without real-time verification, it won’t last She says that using a wallet should be as easy as opening an application, logging in in a familiar way,…

The post September Token Unlocks Inject Millions Into the Market appeared on BitcoinEthereumNews.com. Crypto projects are unlocking fresh tokens into the ecosystem. AltLayer released nearly $3.5 million worth of tokens in a swoop. More projects plan to release fresh tokens next week. Crypto projects have been pushing fresh supply into circulation this month. According to Tokenomist, an X account that tracks tokenomics, the market saw a steady flow of unlocks between Sept. 15 and 21. Teams, founders, and early backers pushed millions of dollars’ worth of new tokens into the book.  ALT leads the latest token unlock charge Tokenomist reported that substantial amounts of ALT, BLAST, AVAIL, VENOM, and PARTI have flooded the cryptocurrency market over the past five days. Although none of the crypto projects released up to 3% of their circulating supply, the relatively low ratio of tokens released accounted for millions of dollars.  For instance, ALT added 2.38% of its circulating supply to the crypto market, which was worth $3.49 million. Related: AltLayer (ALT) Price Prediction 2024-2030: Will ALT Price Hit $1 Soon? Meanwhile, the Blast Layer-2 solution saw 1.9% of the circulating supply of its native token, BLAST, equivalent to $2.31 million, introduced into the decentralized crypto market ecosystem. That is similar to the other digital assets with minimal ratios introduced into the crypto market that are worth substantial amounts. Token Unlocks Set to Continue Next Week The calendar doesn’t stop there. Tokenomist flagged another round of unlocks between Sept. 22 and 28. AltLayer is lined up again, with another $3.49 million scheduled for Sept. 25. That would push its cumulative unlocked ratio to 42.32% of supply.  New projects join the flow as well. KARRAT will release 1.79% of supply on Sept. 23. XMW will add 1.32% on the same day. Yield Guild Games (YGG) follows with $1.02 million in tokens, equal to 0.91% of supply. Why It Matters…