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Today in crypto, Ethereum gaming network Xai claims Elon Musk’s AI firm xAI has caused market confusion and reputational harm, rising social media attention on the Federal Reserve could signal a warning for the crypto market. Meanwhile, Aave token stumbles on rumors of different token allocation fro…
Former kickboxing champion and controversial influencer Andrew Tate is among the latest celebrities to dive into Kanye West’s newly launched YZY token, but his bets are already deep in the red.A wallet address linked to Tate opened a 3x leveraged short position on the recently launched, West-linked …
Ethena Labs on Thursday said its Ethena protocol has generated more than $500 million in cumulative revenue. Growth in both revenue and the circulating supply of its synthetic stablecoin, Ethena USDe (USDe), has accelerated since July as synthetic stablecoins gain market share.Ethena Labs shared the…
Key takeaway:SOL technical chart setups converge on the $260 price target.After soaring to a six-month high of $209 last week, Solana retraced as much as 16% to a low of $175 on Tuesday. The SOL price has since rebounded to the current level of $180, with multiple indicators suggesting that its upt…
Nasdaq-listed Hong Kong construction company Ming Shing Group Holdings said on Wednesday it has agreed to acquire 4,250 Bitcoin for almost $483 million, joining the wave of companies adding cryptocurrency to their treasuries.The deal, if completed, would make Ming Shing Hong Kong’s top Bitcoin (BTC)…
Cryptocurrency security platform Kerberus acquired Pocket Universe, a popular fraud prevention and browser extension, to build a dedicated antivirus for crypto.Kerberus Cyber Security has acquired Refract, the developer of Pocket Universe, in a seven-figure deal, the firm said in a statement to Coin…
Roman Storms conviction over Tornado Cash has sparked a debate about whether US authorities are narrowing crypto privacy rights despite the White Houses recent report emphasizing the importance of self-custody and individual freedoms.The case has drawn comparisons to earlier battles over Silk Road, …
Opinion by: Boris Bohrer-Bilowitzki, CEO of ConcordiumThe recent push to protect minors when it comes to adult content has been much needed. Having now taken effect in the UK, this ongoing movement is not slowing down, with other European markets and the US facing the same restrictions. As websites …
Today in crypto, Fed governor Christopher Waller has urged his peers not to fear decentralized finance and the blockchain, a sign the Fed is warming to crypto. US Senator Cynthia Lummis said the digital asset market structure bill is on track to arrive on President Trump’s desk by the end of the yea…
China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal.Chinese authorities may authorize yuan-backed stablecoins for the first time to promote global use of its currency…
Today in crypto, China’s cabinet will reportedly review a roadmap that includes yuan-pegged stablecoins to bolster yuan internationalization, Santiment says Bitcoin’s dip below $113,000 saw retail traders flip “ultra bearish,” and Senator Tim Scott expects Democrats to back Republicans on the CLARIT…
Harvard economist Kenneth Rogoff, who once predicted Bitcoin would more likely crash to $100 before it hit $100,000, admitted that a lot has changed since his comments seven years ago, though he seemingly still hasn’t come around to Bitcoin. “Almost a decade ago, I was the Harvard economist that sai…