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OKX founder and CEO Star Xu cited the CFTC enforcement action against Deridex in September 2023 as a concern, but didn’t specify if it was why OKX paused its launch. Crypto exchange OKX built a decentralized perpetuals trading platform akin to Hyperliquid and Aster but held off launching it over regulatory concerns, its founder says….
The lion’s share of donations has come from trading fees for a newly launched memecoin called $GIGGLE, launched by an X user known as RUNE. Binance co-founder Changpeng “CZ” Zhao’s edutech venture, Giggle Academy, managed to amass over a million dollars in public donations within half a day, thanks mainly to a memecoin. Giggle Academy’s…
Tether is now being accepted for payments at Toyota, Yamaha and BYD in Bolivia as businesses increasingly turn to stablecoins to navigate the country’s US dollar shortage. Three major international vehicle manufacturers have started accepting a Tether in Bolivia to navigate its collapsing US dollar reserves, marking a major step in the Latin American country’s…
Nasdaq-listed Flora Growth will rebrand to ZeroStack after raising $401 million to support 0G, a decentralized AI blockchain training 107B-parameter models. Nasdaq-listed cannabis firm Flora Growth has launched a $401 million treasury initiative to back Zero Gravity (0G), a blockchain project focused on powering decentralized AI infrastructure. The move comes through a private placement deal…
Vitalik Buterin said low-risk DeFi protocols can bring in stable revenue for the network, like how Google Search does for Google, but while also ensuring Ethereum’s core values remain intact. Ethereum co-founder Vitalik Buterin said revenue from low-risk decentralized finance protocols could give the network economic stability — much like Google Search supports Google —…
YZi Labs has invested further into Ethena to push USDe adoption across more chains and platforms, while also assisting with the development of a new stablecoin. Tech-focused venture capital firm YZi Labs has increased its stake in Ethena, the stablecoin issuer behind USDe, which will assist the digital dollar’s adoption across decentralized and centralized platforms….
Web3’s mass adoption depends on embracing Web2 infrastructure, not replacing it. Gradual integration builds trust and accelerates mainstream acceptance. Opinion by: Richard Johnson, chief operating officer of Data Guardians Network In the ongoing drive to increase Web3 adoption, many Web3 enthusiasts and organizations continue to call for industries to move away from Web2 processes. Whether…
Coinbase CEO Brian Armstrong has outlined plans to build a crypto super app, offering credit cards, payments and Bitcoin rewards to rival traditional banks. Coinbase CEO Brian Armstrong has said his company’s most ambitious vision is to replace traditional banks by turning Coinbase into a full-service crypto “super app.” Speaking during a recent interview with…
BitGo files to go public with $90.3 billion in assets under custody, targeting NYSE listing as institutional crypto adoption accelerates under new US policies. Crypto custody firm BitGo has filed for a US initial public offering (IPO), aiming to capitalize on the renewed institutional demand for digital asset infrastructure under the Trump administration. The firm…
Economist Timothy Peterson said that the US Federal Reserve’s upcoming actions are likely to “jolt Bitcoin and alts up substantially.” Crypto market participants may be underestimating how aggressive the US Federal Reserve will be in shifting its policy direction, according to an economist. “Markets are underpricing the likelihood of rapid rate cuts in the coming…