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Cryptocurrency
Solana’s native cryptocurrency, SOL, took a significant hit this week, dropping as much as 8% to $124 during a widespread decline across the crypto market on Monday. This marks the first time since May 2022 that SOL has fallen below its realized price of $134—a critical benchmark reflecting
DeFi
Bitwise, a prominent crypto asset manager and ETF provider, has stepped into the world of decentralized finance (DeFi) through a new partnership with Maple Finance, a specialist in on-chain credit. Announced Thursday, this collaboration introduces Bitwise’s first allocation into DeFi, offering a bitcoin-backed lending product to accredited U.S.
Blockchain
Solana’s leadership is weighing a bold economic shift that could make its cryptocurrency, SOL, more attractive to investors by slashing its inflation rate. However, the proposal has sparked concerns that it might push out smaller validators—key players in keeping the network decentralized. At the heart of the discussion
Cryptocurrency
RedStone, a blockchain oracle solution provider, has officially launched its RED token on Ethereum, designed to enhance security and decentralization of the platform's data delivery infrastructure through staking mechanisms. The token launched with a fixed supply of 1 billion RED tokens, which will be distributed across several allocations.
Cryptocurrency
Dubai has officially approved Circle’s USDC and EURC stablecoins for use within the Dubai International Financial Centre (DIFC), a major financial hub, the company announced on Monday. This decision by the Dubai Financial Services Authority (DFSA) allows businesses to leverage these digital currencies for payments, financial services, and more,
Cryptocurrency
The XRP ecosystem is experiencing significant momentum, driven by institutional adoption, increased developer activity on the XRP Ledger, and the launch of new investment vehicles like the XRP Exchange-Traded Fund (ETF). These advancements have heightened the demand for a dedicated platform to support new projects and unlock capital within the
Cryptocurrency
Ethena Foundation, the steward of the synthetic dollar protocol, has raised $100 million through a private sale of its native governance token, ENA. The previously undisclosed transaction, completed in December, attracted investments from major firms, including Franklin Templeton, Polychain, Pantera, Dragonfly, and Fidelity's venture capital arm, F-Prime, according
Cryptocurrency
Rapper and entrepreneur Kanye West, now known as Ye, is set to introduce a new cryptocurrency token named YZY. This move aims to establish YZY as the official currency for his Yeezy brand, allowing purchases directly on his website. Notably, 70% of the token’s supply will be allocated to
Cryptocurrency
The Shiba Inu cryptocurrency has entered into a strategic partnership with the UAE’s Ministry of Energy and Infrastructure (MoEI) to integrate blockchain technology into various government services. This collaboration aims to streamline operations, boost transparency, and enhance security across multiple public sectors. The partnership centers on the deployment of
Cryptocurrency
Toronto-based crypto holding company Sol Strategies has significantly increased its Solana holdings with the recent purchase of additional SOL tokens, while also announcing the departure of its chief investment officer. Between January 19 and January 31, the company acquired 40,300 SOL for approximately $9.93 million, at an average
Cryptocurrency
Raydium, a decentralized exchange (DEX) built on the Solana blockchain, has achieved a major milestone, surpassing Ethereum's Uniswap in monthly trading volume. This shift, fueled by a surge in memecoin activity and Solana's growing popularity, marks a significant moment in the ongoing competition between blockchain ecosystems.
Cryptocurrency
21Shares, a leading issuer of cryptocurrency exchange-traded products (ETPs), is making a bold move in the U.S. market, filing for the first-ever spot Polkadot exchange-traded fund (ETF). This pioneering application, submitted on Friday, aims to offer investors direct exposure to DOT, the native token of the Polkadot network, through