Latest news from the Web3 ecosystem
Russian authorities have reportedly launched a criminal probe into Telegram CEO Pavel Durov, citing alleged links to terrorism. The investigation stems from the platform's alleged refusal to remove flagged content.
Bitcoin experienced a significant price drop to $63,000, influenced by a strengthening dollar and declining stock markets. This downturn raises concerns about potential cascading liquidations.
Bitcoin is showing signs of a full capitulation event. This phase, often characterized by widespread selling pressure, is indicated by the behavior of short-term holders and technical indicators.
Hashgraph Group has launched a Hedera-based traceability tool designed to meet the European Union's upcoming Digital Product Passport requirements. This initiative aims to streamline supply chain transparency ahead of the 2027 mandate.
The Ethereum Foundation has initiated staking of 70,000 ETH, a significant move to secure future operational funding and contribute to network security. The process leverages open-source validator tools.
Decentralized application Step Finance is winding down its operations after a significant security breach in January resulted in the loss of $27 million.
Canaan has purchased Cipher's 49% ownership in their joint West Texas mining operation for $39.75 million in stock. This move significantly alters the shareholding structure of the venture.
Analysis suggests recent Bitcoin ETF outflows represent a market "purification," potentially paving the way for renewed institutional conviction and a strengthened bullish case for BTC.
Bloomberg Intelligence projects a potential sevenfold increase in Coinbase's USDC revenue, driven by expanding payment adoption. Regulatory discussions surrounding stablecoin rewards could further influence this growth trajectory.
Hong Kong-based stablecoin payment firm RedotPay is reportedly planning a significant Initial Public Offering on the New York Stock Exchange. The company is aiming to raise approximately $1 billion through this landmark event.
Fintech firm RedotPay is reportedly considering a U.S. Initial Public Offering (IPO) aiming to raise approximately $1 billion. The company could achieve a valuation exceeding $4 billion upon listing.
Chinese Bitcoin mining hardware manufacturer Canaan has acquired a significant stake in three operational Texas mining sites, expanding its business into direct infrastructure ownership.