Latest news from the Web3 ecosystem
The cryptocurrency industry faces increasing pressure to potentially scale back stablecoin rewards. This move aims to appease banking lobbyists and secure broader regulatory approval for digital assets.
ProCap has significantly increased its Bitcoin reserves, acquiring an additional 782,000 shares. The company is actively working to align its share price with its net asset value.
Nasdaq is seeking SEC approval to list binary prediction market contracts tied to the Nasdaq-100 index, mirroring a trend already embraced by Cboe.
Technical indicators for XRP suggest a potential decline below the $1 mark in the coming weeks, driven by increasing exchange supply.
Bitcoin experienced a significant price increase, crossing the $68,000 mark. This surge occurred while U.S. stock markets demonstrated a muted reaction to geopolitical tensions.
Bitwise has significantly increased its Ether holdings, purchasing $98 million worth of ETH. The firm now manages almost $10 billion in digital assets.
A consortium of 12 major European Union banks is advancing plans for a euro-pegged stablecoin, aiming for a second-half launch. Discussions are underway with cryptocurrency exchanges to secure robust liquidity.
NEAR Protocol experienced a significant surge, increasing by 12.4% over the weekend. Solana also demonstrated positive momentum, closing up 2.1% from Friday.
Crypto lender Nexo has announced its return to the U.S. market, adopting a partner-led business model following last year's regulatory scrutiny. This strategic shift aims to comply with evolving compliance standards.
MicroStrategy has further expanded its Bitcoin reserves with its 101st purchase, adding 3,015 BTC. The company's total holdings now stand at an impressive 720,737 Bitcoin.
Blockchain analytics firm Elliptic reports a dramatic 700% increase in cryptocurrency outflows from Iran's largest exchange following U.S.-Israeli airstrikes, suggesting potential capital flight.
The 'Aave Will Win' proposal has passed its temperature check, indicating strong community support for a significant shift in Aave's governance framework.