Latest news from the Web3 ecosystem
The USD1 stablecoin, associated with former President Donald Trump's Truth Social platform, experienced a temporary de-pegging event following claims of a 'coordinated attack'. The token briefly dipped below its $1 target.
Bitcoin's price trajectory is facing uncertainty as traders hold divergent views, with the $60,000 mark serving as a key psychological level amidst renewed selling pressure.
Decentralized Autonomous Organizations (DAOs) face an inherent tendency towards political maneuvering, according to Rune Christensen. This dynamic impacts resource allocation and bureaucratic structures.
Anthony Pompliano's Procap Financial has begun repurchasing its own stock, marking a new capital allocation strategy for the investment firm that has previously secured over $750 million in funding.
Crypto.com has received preliminary approval to establish a federally regulated crypto custodian bank in the United States, a significant step towards consolidating custody services under federal oversight.
A significant decrease in Tether's market capitalization echoes a past indicator that preceded a substantial Bitcoin rally, raising questions about current market sentiment.
While often viewed as a speculative asset, Bitcoin is seeing tangible adoption for everyday transactions in select regions and through specific payment channels. Analysis reveals key use cases and geographic trends.
Blockchain analytics firm Elliptic has identified several cryptocurrency exchanges with ties to Russia allegedly facilitating transactions that circumvent international sanctions. The findings highlight ongoing challenges in enforcing financial restrictions within the digital asset space.
Michael Egorov, the founder of decentralized exchange Curve, argues that the DeFi sector must transition from relying on token emissions to generating genuine revenue streams to ensure long-term sustainability and attract lasting liquidity.
Fintech giant Revolut has confirmed an internal investigation following allegations that a former employee attempted to extort a cryptocurrency trader using stolen Know Your Customer (KYC) data. The company states no customer systems were compromised during the incident.
The CoinDesk 20 index experienced a downturn over the weekend, while select digital assets like AAVE and UNI demonstrated positive momentum, gaining ground.
Standard Chartered has adjusted its projection for stablecoin demand in U.S. Treasury bills, lowering the expected range while upholding its broader market capitalization outlook.