Category Archive: Cryptocurrency, No picture
Base meme coins record double-digit gains and top other crypto sectors
Meme coins deployed on Base rose by 13% over the past 24 hours and are the crypto sector with the highest price leap in this period, according to data aggregator CoinGecko. This is also the sector with the best performance over the past seven days, posting an upside of nearly 52%.The Degen POV (POV) token […]
Fleek teams up with Polygon Labs to boost on-chain cloud solutions
Computing platform Fleek has joined hands with Polygon Labs to provide web services for Polygon CDK projects. According to today’s announcement, the strategic partnership aims to deliver a new class of highly performant, permissionless web services built atop Fleek’s on-chain cloud infrastructure. Additionally, Fleek unveiled its first public testnet. “We are thrilled to team up […]
Robinhood to acquire Bitstamp in landmark $200M deal: Report
Robinhood Markets, a popular trading platform, announced Thursday that it is acquiring Bitstamp, the leading UK-based regulated crypto exchange. The cost of the acquisition is around $200 million and is Robinhood’s largest deal to date.Established in 2011, Bitstamp is a familiar name among crypto investors worldwide. The exchange has a strong presence in Europe and […]
SEC ‘exceeded’ authority on fee disclosures, US appeals court rules
In a blow to the SEC’s claimed authority over the hedge fund sector, a United States appeals court has struck down a rule that required hedge funds and private equity firms to increase transparency regarding their fees and expenses.The Fifth Circuit Court of Appeals issued a unanimous decision on June 5, with a three-judge panel […]
Bitcoin DeFi security concerns still lurk, says Fireblocks executive
A Bitcoin (BTC) decentralized ecosystem has been in rapid development in 2024, with its total value locked (TVL) jumping 263% so far and surpassing $1 billion, according to data aggregator DefiLlama. Nevertheless, as a nascent sector where builders try to create applications compatible with other blockchains, new security issues might surface while it grows. Shahar Madar, […]
VanEck forecasts Ethereum to reach up to $154,000 by 2030
Asset manager VanEck projected the Ethereum (ETH) at $22,000 by 2030, according to a recent report. This represents a 487% increase from current levels, and VanEck bases its forecast on Ethereum’s anticipated generation of $66 billion in “free cashflows.”The report puts a heavy weight into Ethereum’s stablecoin landscape, as the blockchain settled $4 trillion in […]
US employment data reinforces rate cuts, boosting crypto: Nansen analyst
The US ADP National Employment Report increased by 152,000 in May, below the expected number of 175,000 and the smallest increase since January. The ADP measures the monthly change in non-farm and private employment and a result below the expected signals that employment growth and wage growth are slowing down.Aurelie Barthere, Principal Research Analyst at […]
RWA industry still faces regulatory and infrastructure challenges, says eSync executive
The tokenized US Treasuries market surpassed the $1.5 billion market on June 4th and serves as an important metric on how tokenization of real-world assets (RWA) is growing as an industry. Nevertheless, this market is still distant from its traditional counterpart, as the US government sold a record $23 trillion in Treasuries last year, as […]
Paxos launches Lift Dollar, a rebased yield-generating stablecoin
Paxos, has introduced a new stablecoin called Lift Dollar (USDL) through its UAE-based entity, Paxos International. USDL is designed to generate yield for its holders, offering a programmatic daily rate of around 5%, which is aligned with returns on US Treasury bonds.The stablecoin is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi […]
SEC Chairman Gensler weighs in on approving more token ETFs
SEC’s Chairman Gary Gensler was questioned today on CNBC’s Squawk on the Street about the possible approval of exchange-traded funds (ETF) indexed to tokens such as Osmosis (OSMO) and Bonk (BONK) in the US. Jim Cramer, one of the show’s hosts, highlighted how multiple tokens registered millions in trading volume “this very morning,” and questioned […]
