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The Ethereum Foundation said Friday it will swap 1,000 ETH (approximately $4.5 million) for stablecoins to fund growth.Using CoWSwap's TWAP feature, the organization said converting the ether into stablecoins will help it fuel "ongoing work to fund R&D, grants and donations, and to highlight the pow…
Most major markets could establish a framework for asset tokenization in the next five years, Robinhood CEO Vlad Tenev said during an on-stage discussion at Singapore's Token2049 conference on Thursday."I think tokenization is like a freight train," Tenev said. "It can't be stopped and eventually it…
The GMCI memecoin index has remained relatively stagnant at around 220 over the past several months, representing a significant decline from its peak of 600 reached during the height of last year's speculative fervor when tokens like Fartcoin, BONK, and WIF captured the majority of retail trading at…
The U.S. Treasury Department and IRS clarified Tuesday that corporations can exclude unrealized gains on digital assets when calculating liability under the 15% corporate alternative minimum tax.The move is particularly significant for Nasdaq-listed Strategy (ticker: MSTR), which has long flagged th…
Stani Kulechov, founder and CEO of DeFi lender Aave, said that low interest rates will set grounds for DeFi to prosper."I think every single rate cut by a central bank, whether it's by the Fed or ECB … is basically additional arbitrage for these DeFi yields," Kulechov said during a discussion at Sin…
Payments giant Stripe said Tuesday it's going to make it possible for any business to launch their own stablecoin.The new product, called Open Issuance, "enables any business to launch and manage their own stablecoin with just a few lines of code," Stripe said in a statement. The new service will be…
Former U.S. Securities and Exchange Commission Chair Gary Gensler is facing lawmakers' scrutiny over texts that were deleted during his tenure.In a letter sent to the current SEC Chair Paul Atkins, Republican Reps. French Hill, Dan Meuser, Bryan Steil, and Ann Wagner said they were concerned about t…
In something of a major reversal, the U.S. Securities and Exchange Commission has issued a no-action letter saying that investment advisers can use state-chartered trust companies as qualified custodians for crypto assets, according to a letter on Tuesday.Particularly, organizations that operate und…
Decentralized yield tokenization and trading protocol Pendle disclosed that an onchain wallet has been drained, and an exploiter is minting principal token (PT) / yield tokens (YT) "and dumping them."However, the protocol "has not been hacked and all funds remain safe," they said in a message on X M…
South Korean internet giant Naver is absorbing Upbit, the country's largest cryptocurrency exchange, according to local news outlet Donga Ilbo.Naver plans to have its payment subsidiary, Naver Financial, undertake a comprehensive share exchange with Upbit's parent company Dunamu, making Dunamu a 100…
Australia has proposed draft legislation requiring crypto exchanges and certain crypto service providers to hold Australian financial services licenses, according to the country's Treasury.In a consultation opened Thursday, the Treasury stated that the draft legislation would amend the Corporations …
Native Markets’ USDH stablecoin has gone live on Hyperliquid, with trading now open in a USDH/USDC pair, according to an order book seen by The Block. Early volumes suggest a cautious yet active start, with roughly $2.2 million changing hands as the market gets underway.USDH is the first dollar-pegg…