Market
Bracket Launches Staking on Bracket.Fi Platform

Bracket, under the leadership of CEO Mike Wasyl, has just launched staking at Bracket.Fi
Phase I of the platform will feature Bracket’s liquidity program, offering users the opportunity to stake Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs) to earn rewards and power the next generation of DeFi.
Founding and Evolution
Founded by a team with deep experience in both cryptocurrency and traditional finance, Bracket was established by Mike Wasyl and his Co-Founders Jason Glazier and Pelli Wang. Their backgrounds include work at Consensys and major financial firms like D.E. Shaw & Co. and Bloomberg.
The team initially focused on developing derivatives products aimed at providing sophisticated trading strategies for managing volatility. However, market events in 2022 severely affected liquidity, which prompted Bracket to pivot towards a growing area in DeFi: Liquid Staking.
“When FTX collapsed, liquidity was drained from options and all derivatives-related markets. Even now, it’s surprising that the funds haven’t returned in significant amounts. This event really hurt the industry, particularly affecting liquidity on the derivatives side. Perpetual contracts became the dominant tool, with other categories shrinking significantly. This situation made us reconsider our approach and think about how we could expand our target market,” Wasyl recalls.
Wasyl explained they recognized a growing demand for passive investment strategies, particularly involving liquid staking tokens. This has become a major trend in DeFi as more investors seek stable and predictable returns. The change has received positive feedback as interest in LSTs and LRTs grows, with major players like Lido leading the charge.
“This led to the emergence of products like EigenLayer, which sought to capitalize on this interest by providing additional value to LST holders. Now, we also see Liquid Restaking Tokens (LRTs), which essentially take the interest earned from LSTs and offer additional rewards, such as points, to attract users’ attention,” he adds.
The Platform’s Launch and Features
Bracket aims to make these types of assets more accessible and efficient for users through their platform. They have developed brktETH, a token representing a composite of underlying Liquid Restaking Tokens (LRTs) and Liquid Staking Tokens (LSTs).
This means users don’t need to choose between different assets; they can simply hold brktETH, which offers diversified exposure, fungibility, and greater capital efficiency. Users can then deploy brktETH in various DeFi opportunities, including those provided by Bracket and potentially by other industry players.
“The aim is to create a high-quality asset backed by a treasury of LSTs and LRTs, which can be used in passive earning strategies and, eventually, in a more comprehensive marketplace with active opportunities,” Wasyl explains.
Bracket is launching in three phases, each designed to enhance user engagement and expand the platform’s capabilities. The first phase, live from July 31, introduces a staking liquidity program where participants can stake their LSTs to earn Bracket [BARS], which are loyalty points. These points serve as an early engagement tool, allowing users to participate in the platform’s growth and earn more rewards as the platform matures.
“In the DeFi market, a successful product must have a strong liquidity-building program. This is essential because liquidity drives interest, and interest, in turn, fuels liquidity. This is a key lesson we’ve learned in developing our platform. We’ve prioritized building liquidity,” Wasyl adds.
In the second phase, once the platform officially launches, users will receive brktETH tokens. The underlying LST and LRT collateral backing brktETH are securely held in a treasury, but users can withdraw the underlying collateral assets if they choose. brktETH can then be used to enter passive earning strategies, designed to be as straightforward as possible — similar to user-friendly traditional financial apps like Betterment. Bracket aims to eliminate the cumbersome spreadsheets and tables often associated with DeFi, offering a more tailored onboarding experience instead.
The details of the third phase are TBA, but it will include more community programs and additional ways for users to engage with Bracket.
A User-Centric Approach
One of the biggest challenges in DeFi is creating a seamless user experience that balances sophistication with simplicity. Many platforms struggle to provide a user-friendly interface while maintaining the complex functionalities that advanced users require.
Bracket distinguishes itself in the crowded DeFi space through its user-friendly platform, designed to accommodate both beginners and more advanced users.
“Currently, DeFi is heavily dominated by high-risk, speculative activities, often referred to as ‘degen’ stuff. However, this is set to change. We want to demystify DeFi for our users,” Wasyl says. “Our goal is to make it accessible to everyone, regardless of their level of technical expertise.”
To achieve this, Bracket has invested heavily in user interface (UI) and user experience (UX) design. The platform to be released in Phase II will offer clear, easy-to-follow instructions and a clean, uncluttered interface. This approach helps new users start quickly while providing advanced features for more experienced investors. The introduction of Bracket [BARS] will also add an element of gamification, making the staking process more engaging and rewarding.
Bracket places a strong emphasis on community engagement. The team actively seeks user feedback to improve the platform and its features. The collaborative approach has helped build a loyal user base and ensures that the platform continues to meet the needs of its community.
Addressing Risk Concerns
Wasyl notes the DeFi sector currently lacks sophistication and security. People often face two main issues: a lack of transparency about who manages their funds and where their funds are located, and no guarantees about the security of their investments. This makes it hard to trust the platforms they’re using.
While there are more advanced platforms, like Sommelier, which offer better security measures and protect against loss, they are often too complex for non-technical strategy managers to interact with. These managers are typically skilled at managing strategies but not necessarily at working with the necessary on-chain infrastructure.
To address this, Bracket aims to build a sophisticated infrastructure with strong security guarantees. The system will allow strategy managers to work with the platform with minimal technical effort. Such infrastructure is crucial as the market matures and more institutional investors enter the space.
“For example, if funds or strategy managers have specific requirements, Bracket can provide the necessary infrastructure and whitelisted protocols, ensuring that all activities stay within set boundaries,” Wasyl explains.
The regulatory frameworks for DeFi platforms are complex and constantly changing. Wasyl is confident that Bracket, with backing from major investors like Binance Labs, is well-equipped to handle these challenges. He noted that while overregulation can hinder innovation, clear and balanced regulation can provide much-needed stability and clarity for the market.
Partnerships and Collaborations
Looking forward, Bracket plans to expand its platform with more complex trading strategies and additional features. The company is also in discussions with several leading LST and LRT protocols to integrate their assets into Bracket’s platform.
These protocols are eager to enhance the utility of their assets, recognizing that these tokens represent some of the best high-quality liquid assets available. They generate earnings directly on the blockchain through block rewards, providing exposure to Ethereum’s ecosystem. This capability is incredibly valuable, as it allows stacking on top of these assets for additional returns.
“Many of these protocols are looking to partner with us because they want their assets to be used in DeFi. Given that the earning rates across the board are similar — around 3% currently — these protocols are keen to distinguish themselves and offer more to their users. Our goal is to work collaboratively with everyone in the space, and we have a number of partnerships in the works that we’ll be announcing over the next couple of weeks,” Wasyl shares.
As for future developments, Wasyl is excited about the increasing modularity in the DeFi ecosystem. He notes a growing trend where users can combine different components, such as lending protocols, decentralized exchanges (DEXs), and various assets, to create sustainable earning strategies. Traditional finance (TradFi) often lacks transparency and flexibility, as asset managers typically operate behind the scenes. In DeFi, however, everything is visible on-chain, which provides greater transparency and trust.
The next step is ensuring sufficient liquidity to support these strategies, enabling users to stack native rewards without worrying about transparency issues. The modular nature of DeFi, combined with Layer-2 solutions that reduce transaction costs, is incredibly promising.
These innovations make it easier for users to maximize rewards on high-quality assets, which is especially important in today’s inflationary environment. People are looking for ways to make their money work harder for them, and Bracket aims to provide that opportunity.
Disclaimer
In compliance with the Trust Project guidelines, this opinion article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Binance Faces Community Backlash and Boycott Calls

Controversies surrounding token listings, the depegging of the FDUSD stablecoin, and allegations of unethical behavior have raised a crucial question: Is Binance losing its credibility?
These issues threaten to erode trust and challenge Binance’s standing in the crypto industry.
Binance Struggles to Meet the Standard
One of Binance‘s most pressing issues is the poor performance of the tokens listed on the exchange. As BeInCrypto reported earlier, 89% of the tokens listed on the platform in 2025 recorded negative returns.
Even more concerning, another report reveals that most of the tokens listed in 2024 also experienced negative performance.
Listing on Binance was once considered a “launchpad” for new projects. However, it no longer guarantees success.
A prime example is the ACT token, a meme coin listed on the exchange that quickly plummeted. Earlier this week, Wintermute—a major market maker—dumped a large amount of ACT, exerting strong downward pressure on its price and raising concerns about the transparency of Binance’s listing process.
Such criticism has led the community to believe Binance prioritizes listing fees over users’ interests.
Connection to FDUSD
The FDUSD stablecoin has also become a focal point of controversy, with Binance at its center. FDUSD lost its peg, dropping to $0.89 after reports surfaced that its issuing company had gone bankrupt.
Wintermute, one of the largest FDUSD holders outside of Binance, withdrew 31.36 million FDUSD from the exchange at 11:15 AM UTC. This move is believed to have exacerbated the depegging situation, sparking panic in the market.
More concerning, a community member claimed that some Binance employees leaked internal information about the FDUSD incident so they could select whale chat groups.
If true, this would severely damage Binance’s reputation and raise major questions about the platform’s transparency and ethics.
Overall, the community’s dissatisfaction is growing, with many users calling for a boycott of the exchange. Such negative reactions are shaking user confidence in the platform, which was once considered a symbol of credibility in the crypto space.
“Binance today caused massive liquidations on alts listed on their exchange. I warned you all yesterday about their very dirty tactics, specifically GUN. I refuse to use Binance #BoycottBinance,” wrote popular crypto YouTuber Jesus Martinez.
These accusations stem from a central issue that Binance prioritizes profits over user interests. Over the past few months, the community has constantly criticized its listing strategy, arguing that the exchange focuses on “shitcoins” to collect high listing fees without considering project quality.
Although the exchange recently introduced a community voting mechanism to decide on listings, this might not be enough to silence the criticism.
As a Tier-1 exchange, the company is evaluated based on trading volume, security, regulatory compliance, and community trust. However, recent events suggest that the exchange is struggling to maintain these standards.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Stellar (XLM) Falls 5% as Bearish Signals Strengthen

Stellar (XLM) is down more than 5% on Thursday, with its market capitalization dropping to $8 billion. XLM technical indicators are flashing strong bearish signals, suggesting continued downward momentum that could test critical support levels around $0.22.
While a reversal scenario remains possible with resistance targets at $0.27, $0.29, and $0.30, such an upside move would require a substantial shift in market sentiment.
XLM RSI Shows Sellers Are In Control
Stellar’s Relative Strength Index (RSI) has dropped sharply to 38.99, down from 59.54 just two days ago—signaling a notable shift in momentum.
The RSI is a widely used momentum oscillator that measures the speed and magnitude of recent price changes, typically ranging between 0 and 100.
Readings above 70 suggest overbought conditions, while levels below 30 indicate oversold territory. A reading between 30 and 50 often reflects bearish momentum but is not yet extreme enough to trigger an immediate reversal.

With Stellar’s RSI now below the key midpoint of 50 and approaching the oversold threshold, the current reading of 38.99 suggests that sellers are gaining control.
While it’s not yet in oversold territory, it does signal weakening buying pressure and increasing downside risk.
If the RSI continues to fall, XLM could face further price declines unless buyers step in soon to stabilize the trend and prevent a slide into more deeply oversold levels.
Stellar CMF Heavily Dropped Since April 1
Stellar’s Chaikin Money Flow (CMF) has plunged to -10, a sharp decline from 0.19 just two days ago, signaling a significant shift in capital flow dynamics.
The CMF is an indicator that measures the volume-weighted average of accumulation and distribution over a set period—essentially tracking whether money is flowing into or out of an asset.
Positive values suggest buying pressure and accumulation, while negative values point to selling pressure and capital outflow.

With XLM’s CMF now deep in negative territory at -10, it indicates that sellers are firmly in control and substantial capital is leaving the asset.
This level of negative flow can put downward pressure on price, especially if it aligns with other bearish technical signals. Unless buying volume returns to offset this outflow, XLM could continue to weaken in the near term.
Will Stellar Fall To Five-Month Lows?
Stellar price action presents concerning signals as EMA indicators point to a strong bearish trend with significant downside potential.
Technical analysis suggests this downward momentum could push XLM to test critical support around $0.22. It could breach this level and fall below the psychologically important $0.20 threshold—a price not seen since November 2024.
This technical deterioration warrants caution from traders and investors as selling pressure appears to be intensifying.

Conversely, a trend reversal scenario would require a substantial shift in market sentiment. Should bulls regain control, XLM could challenge the immediate resistance at $0.27, with further upside targets at $0.29 and the key $0.30 level.
However, this optimistic outlook faces considerable obstacles, as only a dramatic sentiment shift coupled with the emergence of a powerful uptrend would enable such a recovery.
Until clearer bullish signals manifest, the prevailing technical structure continues to favor the bearish case.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Solana (SOL) Crashes 11%—Is More Pain Ahead?

Solana (SOL) is under heavy pressure, with its price down more than 10% in the last 24 hours as bearish momentum intensifies across key indicators. The Ichimoku Cloud, BBTrend, and price structure all point to continued downside risk, with SOL now hovering dangerously close to critical support levels.
Technical signals show sellers firmly in control, while the widening gap from resistance zones makes a near-term recovery increasingly difficult.
Solana’s Ichimoku Cloud chart is currently flashing strong bearish signals. The price has sharply broken below both the Tenkan-sen (blue line) and Kijun-sen (red line), confirming a clear rejection of short-term support levels.
Both of these lines are now angled downward, reinforcing the view that bearish momentum is gaining strength.
The sharp distance between the latest candles and the cloud further suggests that any recovery would face significant resistance ahead.

Looking at the Kumo (cloud) itself, the red cloud projected forward is thick and sloping downward, indicating that bearish pressure is expected to persist in the coming sessions.
The price is well below the cloud, which typically means the asset is in a strong downtrend.
For Solana to reverse this trend, it would need to reclaim the Tenkan-sen and Kijun-sen and push decisively through the entire cloud structure—an outcome that looks unlikely in the short term, given the current momentum and cloud formation.
Solana’s BBTrend Signals Prolonged Bearish Momentum
Solana’s BBTrend indicator currently sits at -6, having remained in negative territory for over five consecutive days. Just two days ago, it hit a bearish peak of -12.72, showing the strength of the recent downtrend.
Although it has slightly recovered from that low, the sustained negative reading signals that selling pressure remains firmly in control and that the bearish momentum hasn’t yet been reversed.
The BBTrend (Bollinger Band Trend) measures the strength and direction of a trend using Bollinger Bands. Positive values suggest bullish conditions and upward momentum, while negative values indicate bearish trends.

Generally, values beyond 5 are considered strong trend signals. With Solana’s BBTrend still well below -5, it implies that downside risk remains elevated.
Unless a sharp shift in momentum occurs, this persistent bearish reading may continue to weigh on SOL’s price in the near term.
Solana Eyes $112 Support as Bears Test February Lows
Solana’s price has broken below the key $115 level, and the next major support lies around $112. A confirmed move below this threshold could trigger further downside. That could potentially push the price under $110 for the first time since February 2024.
The recent momentum and strong bearish indicators suggest sellers remain in control, increasing the likelihood of testing these lower support levels in the near term.

However, if Solana manages to stabilize and reverse its current trajectory, a rebound toward the $120 resistance level could follow.
Breaking above that would be the first sign of recovery, and if bullish momentum accelerates, SOL price could aim for higher targets at $131 and $136.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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