AgriDex Farmland Transaction completes a historic $165,000 purchase on Solana
AgriDex has executed the first-ever on-chain farmland transaction on the Solana network, marking a milestone in how real-world property can be traded and settled via blockchain. The deal totaled $165,000 for farmland located in Zambia. It was closed at no cost to the buyer, thanks to AgriDex’s digital settlement infrastructure built on top of Solana. […]
Panama Crypto Bill Authorizes Voluntary Digital Payments
Panama has introduced a comprehensive draft bill aimed at integrating cryptocurrencies into its financial landscape. The proposed legislation outlines a legal framework for voluntary crypto payments, rigorous licensing requirements for Virtual Asset Service Providers (VASPs), and blockchain-based innovations across the public sector. If passed, the measure could position the country as a prominent fintech hub […]
Hyperliquid JELLY Fiasco Erupts After A Massive Short Squeeze
Hyperliquid is facing a severe crisis. Its involvement with JELLY JELLY, a newly launched Solana meme coin, has turned into a financial nightmare. A massive short squeeze has rocked the platform, placing it on the hook for a potential $230 million in losses. Adding fuel to the fire, both Binance and OKX listed JELLY perpetuals, […]
Wyoming Has Announced Plans To Launch Its Stablecoin
Wyoming has announced plans to launch its WYST stablecoin this July, signaling a turning point for U.S. states interested in tokenizing their treasury holdings. LayerZero, an interoperability protocol, will handle the stablecoin’s issuance. The project aims to back WYST with cash, U.S. Treasury bonds, and repurchase agreements, ensuring a strong 102% reserve requirement. The goal […]
US Bank-Issued Stablecoin Avit Lands On Ethereum
Custodia Bank and Vantage Bank have launched Avit, the first US bank-issued stablecoin on the public Ethereum network. This milestone demonstrates how regulated institutions can tokenize dollar deposits while adhering to federal banking standards, opening the door to modernized, programmable payments in the American financial ecosystem. A New Era in Banking The pilot took place […]
GameStop Bitcoin Plan aims to strengthen the retailer’s reserves
GameStop has stunned the market by revealing a move to invest in Bitcoin as part of its treasury reserve strategy. This announcement comes on the heels of the company’s underwhelming fourth-quarter 2024 earnings report, which showed a marked decline in net sales. Despite those grim numbers, the Bitcoin plan triggered a six percent after-hours jump […]
IMF Embraces Bitcoin By Officially Tracking It In Cross-Border Finance
The International Monetary Fund (IMF) recently integrated Bitcoin and other crypto assets into its seventh Balance of Payments Manual (BPM7). This step ensures that digital currencies appear in official global economic data for the first time. The moment is historic. Even though the IMF only updated reporting standards, many crypto enthusiasts see it as the […]
Nostra Pauses Borrowing After A Price Feed Glitch
Nostra, a well-known DeFi lending protocol on Starknet, has made a swift call to halt borrowing against two liquid staking tokens after a sudden price feed error. These tokens, xSTRK and sSTRK, saw their reported values spike to triple their actual prices on March 24. This situation pushed Nostra to freeze new collateral deposits and […]
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