Latest news from the Web3 ecosystem
CFTC Chairman Rostin Behnam indicated that definitive guidance regarding perpetual futures in the United States is imminent, potentially unlocking new market opportunities.
Public Bitcoin miners are reallocating capital from their Bitcoin treasuries towards building out AI infrastructure, potentially impacting future Bitcoin selling pressure.
Bitcoin experienced a significant price drop, falling below $65,000, as geopolitical tensions fueled fears of oil supply disruptions, impacting global markets.
SoFi is integrating its USD-backed stablecoin, SoFiUSD, with Mastercard's payment network, aiming to streamline global settlement processes.
A new initiative backed by Visa and Stripe's payment infrastructure is enabling the issuance of cards linked to stablecoin balances, allowing for global spending at millions of merchants.
Ondo Finance's regulated digital asset trading platform, built in collaboration with Binance, has received approval from Abu Dhabi's regulators, paving the way for institutional adoption.
Visa and Stripe-owned Bridge are broadening access to stablecoin-linked Visa cards, starting with 18 countries and aiming for over 100 by year's end. The initiative includes testing stablecoin settlement with Lead Bank.
The CoinDesk 20 Index experienced a notable dip, influenced by significant price drops in major digital assets including AAVE and Cardano's ADA.
Strive's Joe Burnett predicts that AI-driven deflationary pressures might necessitate accommodative monetary policies, potentially driving Bitcoin's value to $11 million per coin by 2036, with a total market capitalization reaching $230 trillion.
Ether's price has been unable to sustain levels above $2,000, with a critical support level at $1,800 now being closely watched. Technical indicators suggest potential for further downside movement.
The Aave Chan Initiative is withdrawing from the Aave DAO following a significant governance vote regarding Aave Labs' proposed funding. The initiative cites disagreements over the direction and allocation of resources.
Visa and Bridge are collaborating to enable stablecoin-backed Visa cards for businesses and fintechs, with an ambitious plan to roll out the service in over 100 countries.