Category Archive: Cryptocurrency, No picture
Tether debuts USDT0 stablecoin on Kraken’s Ink Layer 2
Key Takeaways Tether introduces USDT0 to enhance USDT’s interoperability, allowing seamless transfers across chains with LayerZero’s OFT standard. USDT0 launches on Kraken’s Ink L2, with plans to expand to Berachain and MegaETH, offering users unparalleled access to USDT liquidity. Share this article Tether has announced the launch of USDT0 on Kraken’s Layer 2 blockchain, Ink. […]
Coinbase brings back Bitcoin-backed loans with Morpho’s DeFi integration
Key Takeaways Coinbase’s Bitcoin-backed loans, powered by Morpho, provide USDC instantly, leveraging cbBTC for seamless on-chain functionality. This new offering follows Coinbase’s exit from its Borrow program in November 2023, signaling a renewed focus on Bitcoin lending. Share this article Coinbase has introduced Bitcoin-backed loans through its partnership with Morpho, a decentralized finance protocol with […]
eToro confidentially files for US IPO with Goldman Sachs’ support
Key Takeaways eToro has confidentially filed for a US IPO targeting a $5 billion valuation. Goldman Sachs, Jefferies, and UBS are leading the IPO effort, with plans for a potential listing in Q2 2025. Share this article eToro has submitted a confidential filing with the SEC as the company prepares for a public offering in […]
Trump open to idea of establishing a strategic reserve with US-based coins like SOL, XRP, USDC
Key Takeaways Donald Trump is “receptive” to establishing a strategic reserve using US-based digital assets like Solana, USD Coin, and Ripple. The proposed policy shift may include appointing crypto-friendly officials and ending debanking practices affecting cryptocurrency startups. Share this article President-elect Donald Trump is warming up to the idea of establishing an “America-first strategic reserve” […]
Upbit faces business suspension and fines over anti-money laundering violations
Key Takeaways Upbit is facing potential suspension and fines due to AML and KYC violations. The Financial Intelligence Unit found 700,000 KYC procedure failures at Upbit. Share this article Upbit, which dominates South Korea’s crypto trading market, faces potential business suspension and fines due to violations of anti-money laundering (AML) regulations, particularly regarding its Know […]
SEC files opening brief in its appeal against Ripple, seeks reversal on XRP classification
Key Takeaways The SEC filed a brief appealing a court ruling that found XRP was not a security when sold to retail investors. The SEC seeks to overturn the district court’s ruling and classify all XRP sales as unregistered securities offerings. Share this article The SEC on Wednesday filed an opening brief in its efforts […]
US Senate Banking Chair Tim Scott to prioritize crypto regulation in new agenda
Key Takeaways Senate Banking Chair Tim Scott is focusing on crypto regulation and financial innovation in his new legislative agenda. The committee plans to foster digital asset products, balancing oversight with innovation, under new leadership. Share this article Senate Banking Committee Chairman Tim Scott is prioritizing crypto regulation and financial innovation as part of his […]
Burwick law takes legal action against Pump.fun meme coins on behalf of investors
Key Takeaways Burwick Law is suing Pump.fun on behalf of investors due to meme coin trading losses. Pump.fun has significantly impacted Solana’s DeFi space, accounting for over 70% of new tokens on some days. Share this article Burwick Law has initiated legal proceedings against Pump.fun on behalf of investors who suffered losses from the platform’s […]
Justin Sun unveils USDD 2.0 with 20% APY: ‘Simply because we have plenty of money’
Key Takeaways Justin Sun announced USDD 2.0 will offer a 20% APY, subsidized by TRON DAO. Despite a market cap of $746 million, USDD remains far from competing with USDT and USDC. Share this article Justin Sun, founder of TRON blockchain, announced today that USDD 2.0 will offer a 20% annual percentage yield (APY), fully […]
Trump’s SEC to revise crypto policies reshaping enforcement rules
Key Takeaways Republican SEC commissioners plan to review crypto enforcement cases and clarify the definition of securities. Incoming SEC Chair Paul Atkins is expected to reverse the crackdown led by Gary Gensler, while focusing on fraud accountability. Share this article SEC’s Republican commissioners are preparing to overhaul the agency’s crypto policies as President-elect Donald Trump […]
