Category: Breaking

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Starknet has become the first major layer-2 rollup on top of Ethereum to let users earn money by staking their tokens.Anyone who has at least 20,000 STRK tokens (roughly $12,000 at recent prices) can pledge the asset as collateral and earn rewards for validating transactions. Users with less than 20,000 STRK can delegate their tokens to validators to stake on their behalf.

ETH advanced 4% during the day, outperforming BTC’s 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.Bitcoin is likely to move sideways until year-end, said Paul Howard, senior director of Wincent.

BTC traders purchase protective put options in response to Monday’s 5% decline.The Coinbase premium indicator highlights a decline in demand for Bitcoin in the U.S. market.The daily chart reveals a bearish RSI divergence, signaling potential weakness in price momentum.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3150.49, down 5.3% (-175.81) since 4 pm ET on Monday.
None of the 20 assets are trading higher.Leaders: BTC (-2.5%) and AVAX (-2.7%).Laggards: XLM (-14.6%) and POL (-10.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Morocco has drafted regulations for the crypto sector, its central bank’s head said.The country will also continue to explore whether or not central bank digital currencies can contribute to the country’s policy objectives.