Latest news from the Web3 ecosystem
Tether-backed Oobit enhances its crypto payment services by enabling direct transfers from user wallets to local bank accounts, expanding its utility beyond everyday purchases.
Kraken is enabling round-the-clock trading of derivatives on tokenized U.S. stocks, offering up to 20x leverage to users. This move bridges traditional finance with the digital asset space.
Meta is reportedly preparing a return to stablecoin-based payments, aiming for a launch in the latter half of 2024 with third-party vendor support and a new wallet solution.
Bitcoin's U.S. demand signal has remained negative for a record 40 consecutive days, indicating a sustained absence of domestic buying interest. This prolonged downturn suggests deeper structural issues rather than a temporary lull.
The Securities and Exchange Commission has approved WisdomTree's application for an exchange-traded fund focused on tokenized U.S. Treasuries, enabling instant, 24/7 trading. This marks a significant development for the burgeoning tokenized asset market.
Historical on-chain data suggests Bitcoin may be poised for further declines, with current 'loss-realization' patterns mirroring previous market downturns that pushed BTC below key price levels.
Binance has relaunched its tokenized stock trading service, listing U.S. equities tokenized by Ondo Finance on its Binance Alpha platform. This move marks the exchange's renewed push into offering traditional financial assets in tokenized form.
Web3 executives and analysts are debunking viral claims suggesting Bitcoin's scarcity model is broken. They emphasize that derivatives do not mint new Bitcoin, maintaining the digital asset's capped supply.
The CoinDesk 20 index experienced a 2% decrease, with almost all of its components trading lower. Internet Computer (ICP) was the sole exception, registering a modest gain.
The Ethereum Foundation has begun staking its own ETH, actively utilizing less dominant client software. This move addresses ongoing concerns about the centralization risks within the network's staking infrastructure.
MoonPay has launched Agents, a groundbreaking non-custodial financial infrastructure enabling AI agents to autonomously manage and spend digital assets.
Coinbase is expanding its platform beyond cryptocurrency trading to include traditional assets like stocks and ETFs, positioning itself as a comprehensive digital asset marketplace.