Peanut the Squirrel Sparks $150M Surge in Solana Meme Coin
In an unexpected turn of events, a Solana-based meme coin, Peanut the Squirrel (PNUT). Skyrocketed from obscurity to reach $150 million in trading volume. Fueled by an outpouring of public outrage and political fervor. The story behind the coin’s explosive growth is a heart-wrenching tale of a pet squirrel. Seized and euthanized by New York […]
21Shares Files for XRP ETF Amid Ongoing Ripple-SEC Battle
Swiss-based cryptocurrency exchange-traded fund (ETF) issuer 21Shares has filed paperwork with the U.S. Securities and Exchange Commission (SEC) to launch an XRP-focused ETF. The move, which could offer American investors the opportunity to gain exposure to the seventh-largest cryptocurrency by market cap, comes as the SEC continues its lengthy legal battle with XRP’s parent company, […]
Beyond Multi-Chain: Why Web3 Needs Cross-Chain Orchestration
The world of decentralized finance (DeFi) has evolved at a breakneck pace since its inception, and one of its foundational challenges has been interoperability. As new blockchains emerged, users needed ways to interact across different networks, leading to the development of bridges, multi-chain platforms, and cross-chain solutions. However, this has inadvertently resulted in a fragmented […]
DeFi’s ‘Internet Moment’: Growth Through CeFi Integration
HONG KONG – With regulations evolving and demand for user-friendly financial products increasing, the decentralized finance (DeFi) sector might be on the brink of its own “internet moment.” This vision is shared by Charles D’Haussy, CEO of the dYdX Foundation, which supports the development of the DeFi protocol dYdX. Speaking at Hong Kong Fintech Week, […]
MicroStrategy Aims to Raise $42B for Bitcoin Expansion
MicroStrategy has announced a bold plan to raise $42 billion over the next three years to expand its Bitcoin holdings. Cementing its position as the largest single corporate holder of the cryptocurrency. The phased initiative, called “21/21,” will involve $21 billion in debt and $21 billion in equity. Enabling the company to accelerate its Bitcoin […]
Florida Considers Bitcoin for State Pension Funds
Florida’s Chief Financial Officer, Jimmy Patronis, has taken a bold step toward integrating Bitcoin into the state’s pension fund investments. In a letter to the State Board of Administration (SBA) on Tuesday, Patronis requested a feasibility report on the potential benefits of investing a portion of the state’s retirement funds in cryptocurrency, specifically Bitcoin. This […]
Magic Eden’s TestME: A Token Test Run
Magic Eden, the cross-chain NFT marketplace, is launching a new token called TestME on Tuesday. But this isn’t your typical token drop. The TestME token is designed as a trial run to showcase the technical capabilities of the Magic Eden Foundation and its wallet. Serving as a precursor to the platform’s forthcoming governance token, rebranded […]
Hong Kong Eyes Crypto Tax Breaks
In a bid to bolster its position as a global digital assets hub, Hong Kong is preparing to introduce policies extending tax incentives to family offices and private funds that invest in crypto assets. By the end of the year, the Special Administrative Region (SAR) aims to provide new incentives for wealthy clients, reinforcing its […]
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