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Launched in November 2024, the USDG stablecoin has a total circulating supply of around $356 million. Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxos’ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin. By joining the network, OKX’s 60…
Crypto exchanges listed the TRUMP memecoin four days after its launch on average, compared to 129 days for other major memecoins, Reuters found. US President Donald Trump’s cryptocurrency venture, the Official Trump (TRUMP) memecoin, has generated multimillion-dollar gains for crypto exchanges, in addition to profits for its creators. Launched just about six months ago, the…
Michael Saylor’s Strategy has made a fresh $472.5 million investment in Bitcoin amid the cryptocurrency surging past new highs last week. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made another major investment in the asset during the week BTC surged to new historic highs of $118,000. Strategy acquired 4,225 Bitcoin (BTC) for…
A US federal judge allowed Dolce & Gabbana USA to escape a class-action lawsuit over an NFT project launched by its Italian parent company. The US arm of Dolce & Gabbana has escaped a proposed class-action lawsuit over its parent company’s alleged abandonment of a non-fungible token (NFT) project. In an order on Friday, New…
Tokens are a new financial wrapper, akin to the exchange-traded funds (ETFs) that debuted on US exchanges in 1993, Christopher Perkins said. Real-world asset (RWA) tokens can democratize access to investments previously inaccessible to retail traders, similar to how exchange-traded funds (ETFs) expanded retail access to financial instruments when they debuted in 1993, according to…
Strategy continues to lead the pack among Bitcoin treasury companies, issuing debt and equity instruments to finance more purchases. Strategy co-founder Michael Saylor signaled that Strategy would resume Bitcoin (BTC) buying on Monday after the company took a week-long hiatus from accumulating the digital asset. “Some weeks, you don’t just HODL,” the executive wrote on…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Pump.fun ICO raises $500 million, BlockFi’s bankruptcy administrator and the DOJ have settled a $35 million crypto asset transfer lawsuit, and US-based spot Bitcoin…
Animoca Brands joins a growing list of companies adopting a Bitcoin treasury strategy or expanding their existing Bitcoin reserves. Web3 company Animoca Brands signed a non-binding memorandum of understanding (MOU) with DayDayCook (DDC) Enterprise, a meal-prep and packaged food company that recently adopted a Bitcoin (BTC) treasury strategy, to manage Animoca’s BTC holdings and generate…
A Friday report from Bloomberg suggested closer ties between US President Donald Trump’s family-backed crypto business and one of the largest digital asset exchanges. Cryptocurrency exchange Binance reportedly helped create the code behind the stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump. According to a…
Tasmanian police said they found victims were being directed to crypto ATMs by scammers after regular financial institutions flagged the transactions. The Australian island state of Tasmania has become the latest to join a country-wide crackdown on crypto ATM scammers. Tasmania Police Cyber Investigations said on Friday that it found the top 15 users of…