Sebastian Gamez

Sebastian Gamez

Milk Road Writer
Sebastian has been immersed in the crypto space since 2021, specializing in research and building a deep understanding of blockchain technologies. His expertise includes exploring innovative trends and sharing insights through content creation, all driven by his passion for how crypto can reshape industries and unlock new possibilities for the future.
September 27, 2024

MicroStrategy’s Stellar Performance Won’t Lead to S&P 500 Inclusion Anytime Soon

Despite impressive stock performance, MicroStrategy is unlikely to join the S&P 500 due to concerns over earnings consistency and Bitcoin volatility. Key points: Stellar performance: MicroStrategy outperformed all S&P 500 stocks over the past four years. Bitcoin-heavy balance sheet: The company holds over 266,000 $BTC, creating volatility. Earnings concerns: Its inconsistent earnings hinder S&P 500......

September 26, 2024

China Eyes $142 Billion Lifeline for Struggling Banks

China plans to inject $142 billion into its top state banks to boost their lending capacity and support the faltering economy. Key points: $142 billion boost: China plans to inject 1 trillion yuan into major banks. Economic challenges: Rising bad debt, low profits, and slow growth put pressure on the banks. Bond funding: Special sovereign......

September 26, 2024

Ethena Launches New UStb Stablecoin Backed by BlackRock’s Tokenized Fund

Ethena will release $UStb, a stablecoin backed by BlackRock's tokenized U.S. Treasuries fund, BUIDL. It offers a safer alternative to its current $USDe. Key points: Introducing $UStb: Ethena plans to launch $UStb, partnering with Securitize. Backed by BlackRock's BUIDL fund: $UStb ties directly to tokenized U.S. Treasuries. Separate from $USDe: $UStb provides a different risk......

September 25, 2024

Caroline Ellison Sentenced to Two Years for Role in FTX Collapse

Former Alameda CEO Caroline Ellison will serve two years in prison for her involvement in the collapse of FTX, following her cooperation with authorities. Key points: Two-year sentence: Ellison received two years for her role in FTX's downfall. Pled guilty in 2022: She admitted to conspiracy and fraud charges. Forfeiting $11 billion: She must give......

September 25, 2024

Visa to Pilot Tokenized Asset Platform on Ethereum Blockchain in 2025

Visa will launch a pilot project in 2025 to help banks tokenize fiat currency on Ethereum, making transactions faster and more secure. Key points: Visa launches new platform: The Visa Tokenized Asset Platform (VTAP) allows banks to experiment with blockchain-based tokens. Pilot starts in 2025: The initial rollout will happen on the Ethereum blockchain. Fiat-backed......

September 24, 2024

Celestia Foundation Secures $100M in Funding Round Led by Bain Capital Crypto

Celestia Foundation raised $100M in a funding round led by Bain Capital Crypto, bringing its total funding to $155M. Key points: $100M raised: Celestia’s total funding now stands at $155M. Bain Capital leads: Bain Capital Crypto spearheaded the latest round. Other investors: Syncracy Capital, 1kx, Robot Ventures, and Placeholder participated. Scalability focus: Celestia’s modular blockchain......

September 23, 2024

EigenLayer Airdrop Season 2 Just Dropped – Claim Safely with Verified Links

EigenLayer’s Season 2 airdrop is live! If you've staked or contributed to the protocol, claim your $EIGEN tokens now using the official links below before the March 2025 deadline. Key points: EigenLayer season 2 airdrop is officially open. Eligible stakers, ecosystem partners, and community members can claim their rewards. Claim window runs through March 16,......

September 23, 2024

Coinbase Launches cbBTC Wrapped Bitcoin on Solana, Expanding its Crypto Reach

Coinbase's wrapped Bitcoin product, cbBTC, is coming to the Solana network, allowing users to utilize Bitcoin for decentralized finance (DeFi) applications. Key points: Coinbase expands cbBTC: Coinbase announced plans to bring cbBTC to Solana at Breakpoint 2024. Wrapped Bitcoin for DeFi: Users will retain control of Bitcoin while using it as collateral in DeFi. Solana......

September 23, 2024

Kamala Harris Pledges Support for Crypto Innovation, Consumer Protection at Wall Street Fundraiser

Vice President Kamala Harris promised to promote AI and crypto while protecting consumers during a Wall Street fundraiser. Key points: Crypto-friendly policies: Harris vows to promote AI and digital asset innovation. Consumer protection focus: She emphasized strong protections for consumers and investors. "Opportunity Economy" vision: Harris aims to unite various sectors to boost U.S. competitiveness.......

September 23, 2024

Bitfarms and Riot Platforms Resolve Takeover Dispute

Bitfarms and Riot Platforms reached a settlement, limiting Riot's stake in Bitfarms to 20% unless approved by the board. Key points: Hostile takeover halted: Riot’s attempt to acquire Bitfarms has paused. Board changes: Bitfarms co-founder steps down; Amy Freedman joins. Ownership cap: Riot can't own more than 20% without approval. Shareholder meeting: May be delayed,......

September 20, 2024

Ethereum’s Pectra Upgrade Set to Roll Out in Two Stages

Ethereum’s next upgrade, Pectra, will be split into two forks to implement over 20 Ethereum Improvement Proposals (EIPs) without delays. Key points: Split into two forks: Pectra 1 and Pectra 2. Pectra 1 includes 8 EIPs: These are undergoing tests on Devnet 3. Pectra 2: Includes PeerDAS and 12 other EIPs. Developer debate: Some opposed......

September 20, 2024

BingX Crypto Exchange Suffers $43M Loss in Hack

Hackers attacked BingX’s hot wallet and stole $43M. The exchange is working to resolve the issue and compensate users. Key points: Hackers target hot wallet: Hackers breached BingX’s hot wallet, causing a major loss. $43M stolen: PeckShield estimates $43M in cryptocurrencies were taken. Quick detection: BingX’s team spotted the breach on September 20 and acted......

September 20, 2024

MicroStrategy Raises $1.01B for Massive Bitcoin Purchase

MicroStrategy raised $1.01 billion through convertible senior notes to fund Bitcoin acquisitions, continuing its aggressive crypto strategy. Key points: $1.01B raised: MicroStrategy completed a convertible note offering of $1.01 billion. Bitcoin focus: Proceeds will fund Bitcoin purchases and debt repayment. Debt repayment: $500M of secured notes will be redeemed. Note details: 0.625% interest, maturing in......

September 19, 2024

Louisiana Leads the Way: Bitcoin Now Accepted for Utility Bills

Louisiana officially accepts Bitcoin and other cryptocurrencies for utility bills, marking a significant step in crypto adoption. Key points: First U.S. state: Louisiana becomes the first state to accept Bitcoin for utility payments. Tech appeal: Move aims to attract younger, tech-savvy citizens. Crypto in services: Bitcoin can now be used for public services, including utility......

September 19, 2024

Solana’s New Seeker Phone Already Hits Huge Demand with a Lower Price

Solana’s Seeker smartphone, priced at less than half of its predecessor, has already secured 140,000 pre-orders ahead of its 2025 release. Key points: Big savings: The Solana Seeker costs less than half of the previous model. Pre-order frenzy: 140,000 customers have already pre-ordered the phone. Upgraded features: Brighter display, longer battery, and better cameras. Smaller......

September 19, 2024

Ethena Domain Registrar Hacked, Users Warned to Stay Away

Ethena Labs warned users to avoid its website after a domain registrar hack compromised the front end. Customer funds remain safe. Key points: Front-end hack: Ethena Labs’ website was hit by a front-end exploit. User warning: The company advised users not to interact with the site. Funds secure: Ethena Labs reassured users that customer funds......

September 18, 2024

Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Surges

The Federal Reserve cut interest rates by 50 basis points, causing Bitcoin's price to spike above $60,000. Key points: Interest rate cut: The Fed reduced rates to a 4.75%-5.00% range. Bitcoin price rise: Bitcoin spiked after the announcement, trading around $60,558. Economic outlook: The Fed sees solid economic growth but inflation remains elevated. Market volatility......

September 18, 2024

Sky Rebrands with New dApp and Tokens, Live Now

Sky, formerly Maker, launched a new dApp and introduced the $SKY and $USDS tokens, allowing users to switch from $MKR and $DAI. Key points: New tokens live: $SKY and $USDS tokens are now live on the mainnet. Easy migration: $MKR and $DAI holders can convert to $SKY and $USDS at favorable rates. High yields: Users......

September 18, 2024

TrueX, a New Non-Custodial Exchange, Launched by Former Coinbase Executives

Former Coinbase executives launched TrueX, a non-custodial, stablecoin-focused exchange that enhances security by separating order matching and asset custody. Key points: New exchange launched: TrueX is a non-custodial, stablecoin-native platform. Founders: The exchange was founded by two former Coinbase executives. Focus on security: TrueX separates order execution from asset custody for better security. Stablecoin integration:......

September 18, 2024

Google Cloud Launches Ethereum-Compatible Blockchain RPC Service

Google Cloud has introduced a Blockchain Remote Procedure Call (RPC) service compatible with Ethereum, improving blockchain data interaction for developers. Key points: Ethereum support: Currently only compatible with Ethereum mainnet and testnet. Future plans: Google Cloud aims to support more blockchains in the next year. Free tier: Developers get up to 100 requests per second......

September 18, 2024

Revolut Nears Launch of Its Own Stablecoin

Revolut is reportedly developing its own stablecoin, aiming to expand its cryptocurrency offerings and solidify its position as a crypto-friendly fintech. Key points: Stablecoin development: Revolut is working on its own stablecoin, sources confirm. Compliance focus: The fintech giant emphasizes a compliance-first approach for this venture. Global crypto strategy: The move aligns with Revolut’s broader......

September 17, 2024

DBS Bank to Launch Crypto Options and Structured Notes for Institutions in Q4 2024

DBS Bank will introduce over-the-counter (OTC) crypto options and structured notes for institutional clients in Q4 2024. These will provide exposure to Bitcoin and Ethereum. Key points: Launch date: DBS Bank plans to roll out the services in Q4 2024. Target audience: Available to institutional investors and accredited wealth clients. Crypto focus: The offerings will......

September 17, 2024

WalletConnect to Airdrop 185M $WCT with New Token Launch

WalletConnect will launch its native token, $WCT, on Optimism's OP Mainnet, airdropping 185M tokens to users starting September 24. Key points: New token launch: WalletConnect introduces its native Connect Token ($WCT). Airdrop size: 185M $WCT tokens will go to eligible users. Eligibility: Users must connect their wallet, GitHub, and email to register. Non-transferable tokens: $WCT......

September 17, 2024

$USDC Stablecoin Expands to Sui Network with Cross-Chain Support

Circle’s $USDC stablecoin will soon be natively available on the Sui network, expanding its reach across multiple blockchains. Key points: Native support: $USDC will be available on the Sui network via Cross-Chain Transfer Protocol (CCTP). Enhanced interoperability: CCTP enables seamless $USDC transfers across different blockchain networks. Faster transactions: Sui uses the Move programming language for......

September 16, 2024

Binance Founder CZ to Leave Prison on September 29

Changpeng Zhao (CZ), the founder of Binance, will leave prison on September 29 after a 4-month sentence for anti-money laundering violations. Key points: Confirmed release: CZ will leave Long Beach RRM on September 29. Sentence: He received 4 months for anti-money laundering failures. Prison time: He started serving at Federal Correctional Institution Lompoc. DOJ investigation:......

September 13, 2024

Sky Proposes Full Offboarding of Wrapped Bitcoin Due to Justin Sun Controversy

Sky (formerly Maker) plans to remove Wrapped Bitcoin ($WBTC) as collateral due to concerns over Justin Sun's involvement in the asset’s restructuring. Key points: Proposal from BA Labs: Sky is considering fully offboarding $WBTC. Justin Sun's alleged control: Concerns about Sun’s hidden influence over $WBTC. Offboarding plan: Gradual liquidation increases to minimize user impact. Sky’s......

September 13, 2024

MicroStrategy Buys 18,300 $BTC, Boosts Holdings to 244,800

MicroStrategy has acquired an additional 18,300 $BTC for $1.1 billion, bringing its total holdings to 244,800 $BTC, valued at $14 billion. Key points: 18,300 $BTC acquired: The company purchased more Bitcoin at an average price of $60,408 per $BTC. Total holdings: MicroStrategy now holds 244,800 $BTC, worth approximately $14 billion. Purchase cost: The firm has......

September 13, 2024

Vitalik Buterin: Stage 1+ L2 Networks Will Be the Future of Ethereum Scaling

Vitalik Buterin will only endorse Layer-2 networks meeting “Stage 1+” standards from 2025, with a focus on security and decentralization. Key points: Buterin's focus: Buterin will promote only Stage 1+ Layer-2 networks starting in 2025. Security emphasis: Stage 1+ projects must have strong fraud-proof systems and decentralized governance. Selective endorsement: Buterin might allow a short......

September 12, 2024

Trump Announces Launch of World Liberty Financial: ‘We’re Embracing the Future with Crypto’

Donald Trump revealed that his crypto project, World Liberty Financial, will officially launch on September 16, marking a major pivot towards decentralized finance. Key points: Launch date: World Liberty Financial goes live on September 16, 2024. Platform: Built on the Aave and Ethereum blockchain. Focus: A “credit account system” is central to the project’s DeFi......

September 12, 2024

eToro Settles with SEC for $1.5M

eToro will pay a $1.5M fine to the SEC and reduce its crypto offerings in the U.S. after being accused of operating without proper registration. Key points: SEC fine: eToro will pay $1.5M to settle charges. Fewer crypto tokens: eToro will stop supporting several crypto tokens in the U.S. Limited U.S. offerings: Bitcoin, Ethereum, and......

September 12, 2024

Ark Invest Snaps Up $8.4M in Coinbase Shares Following Post-Debate Crypto Slump

Ark Invest purchased 53,708 Coinbase shares worth $8.4M after a U.S. presidential debate triggered a crypto market dip. Key points: Post-debate market drop: Ark Invest seized an opportunity after a U.S. presidential debate hit crypto prices. 53,708 shares purchased: The firm acquired $8.4M worth of Coinbase stock across three ETFs. Coinbase holdings update: $COIN is......

September 12, 2024

Grayscale Launches XRP Fund

Grayscale launched an $XRP closed-end fund, causing $XRP’s price to jump as investors expect broader institutional exposure. Key points: Grayscale launches $XRP fund: The fund offers accredited investors exposure to $XRP. Potential $XRP ETF: This could pave the way for a future exchange-traded fund (ETF). Ripple’s legal victory: The fund follows Ripple’s recent win over......

September 11, 2024

Solo Bitcoin Miner Strikes Gold with $181K Block Reward

A solo Bitcoin miner hit the jackpot by mining an entire block, securing a massive $181,000 reward, beating powerful mining pools. Key points: Lucky solo miner: Successfully mined block 860749, earning 3.125 $BTC. High hashrate environment: Larger mining pools like FoundryUSA dominate more than 50% of the hashrate. Small miners’ resurgence: New mining rigs offer......

September 11, 2024

Indonesian Crypto Exchange Indodax Shuts Down Amid $22M Hack

Indodax, a leading crypto exchange in Indonesia, lost $22M to a hack, prompting a temporary suspension of its services for investigation. Key points: $22M stolen: Hackers stole $BTC, $ETH, $TRX, $MATIC, and other tokens. Hot wallets breached: The attack focused on Indodax’s hot wallets. 150 suspicious transactions: Hackers transferred the stolen funds to $ETH. North......

September 11, 2024

Caroline Ellison Seeks to Seal Supporters’ Identities Ahead of Sentencing

Caroline Ellison, former Alameda Research CEO, asked the court to redact the names and personal details of her supporters ahead of her Sept. 24 sentencing. Key points: Sentencing date set: Ellison faces sentencing on Sept. 24, 2024. Redaction request: She wants to keep her supporters' names and details private. Harassment concerns: The request comes due......

September 10, 2024

Paxos Expands to Arbitrum, Boosting Ethereum Layer 2 Ecosystem

Paxos is launching its stablecoins on Arbitrum One, bringing more services to Ethereum's Layer 2 network. Key points: Paxos enters Arbitrum One: Expands into Ethereum's Layer 2. Specific products not revealed: No clear details on the first launch. Arbitrum One has $2.5B TVL: A major player in Layer 2 solutions. Stablecoins available on other chains:......

September 10, 2024

Sony Bank and Soneium Partner to Launch Japan’s First Yen-Linked Stablecoin

Sony Bank partners with Soneium to launch a yen-backed stablecoin, aiming to lower transaction costs and improve financial efficiency in Japan. Key points: Sony Bank and Soneium collaboration: The two companies are developing a yen-linked stablecoin. Focus on blockchain: The stablecoin aims to reduce transaction costs and streamline payments. Compliance first: Sony Bank will run......

September 10, 2024

Japan’s Metaplanet Snaps Up $2M in Bitcoin Amid Ongoing Buying Spree

Japanese firm Metaplanet purchased an additional $2M worth of Bitcoin, bringing its total holdings to $26M. Key points: Another Bitcoin buy: Metaplanet purchased 38.4 $BTC, worth $2M. Growing reserves: Total holdings now stand at 398.8 $BTC, valued at $26M. Strategic treasury move: Metaplanet has been aggressively adding Bitcoin to its corporate treasury. Market position: The......

September 9, 2024

Tether Invests $100M in Agriculture Amid Rising Stablecoin Competition

Tether has invested $100M in Latin America's Adecoagro, signaling a move beyond crypto as the stablecoin market gets more competitive. Key points: $100M investment: Tether bought 9.8% of Adecoagro. Agriculture focus: Adecoagro produces milk, sugar, and ethanol in Argentina and Brazil. Stablecoin race: Tether faces rising competition from PayPal and Ripple. Ripple’s RLUSD: Ripple is......

September 9, 2024

Ether.Fi to Launch Visa ‘Cash’ Card with Crypto Collateral on Scroll Network

Ether.Fi is launching a Visa credit card allowing users to spend fiat while borrowing against their crypto assets, earning 3% cash-back. Key points: Crypto-backed Visa card: Ether.Fi introduces a Visa credit card that lets users borrow against crypto collateral. Scroll network partnership: The card will operate on Scroll’s Layer 2 network, enhancing transaction efficiency. 3%......

September 9, 2024

Friend.Tech Team Renounces Smart Contract Control After Platform Growth Stalls

Web3 social network Friend.Tech gives up control of its smart contracts after stagnant growth, signaling an end to future updates. Key points: Smart contract control revoked: The team renounced control on September 8, 2024. Early success, then stagnation: The platform initially grew fast but soon slowed down. Version 2 didn’t spark interest: A disappointing airdrop......

September 6, 2024

Rune Christensen Defends Sky’s Freeze Function Amid Decentralization Concerns

Rune Christensen, co-founder of Sky, addresses community concerns over the possible freeze function in the $USDS stablecoin, stressing governance and compliance needs. Key points: Freeze function concerns: $USDS stablecoin may include a freeze function, sparking centralization fears. Regulatory compliance: Christensen says it's essential for managing real-world assets and legal obligations. Governance-led decisions: The community will......

September 6, 2024

CZ Banned From Managing Binance For Life: Major Shift for Crypto Exchange

Former Binance CEO Changpeng 'CZ' Zhao has permanently lost the right to manage the platform under a settlement with U.S. authorities, though he keeps his shareholder rights. Key points: Lifetime ban: CZ can no longer manage or operate Binance. Shareholder status: He remains Binance's largest shareholder. CEO Richard Teng: Confirmed CZ's limited future involvement. Plea......

September 6, 2024

Sonic SVM Plans $12.8M HyperGrid Node Sale on Solana

Sonic SVM will launch a $12.8M sale of 50,000 HyperFuse nodes to support its gaming platform on the Solana blockchain, starting the week of September 16, 2024. Key points: Node sale launch: The sale starts the week of September 16, 2024. Total value: $12.8M expected from 50,000 nodes. Purpose: To fund development and support the......

September 6, 2024

Japan’s Major Banks to Test Cross-Border Stablecoin Transfer Platform

Japan’s top three banks—MUFG, SMBC, and Mizuho—are collaborating on "Project Pax," a stablecoin platform for faster, cross-border payments using blockchain technology. Key points: MUFG, SMBC, and Mizuho: Leading Japan’s stablecoin trial. Project Pax: A stablecoin platform for cross-border settlements. Blockchain firms involved: Progmat, Datachain, and TOKI. Launch expected in 2025: Aiming to commercialize the platform......

September 5, 2024

Core Blockchain Launches $LstBTC for Bitcoin Liquid Staking

Core Blockchain introduces $LstBTC, a liquid staking token pegged to Bitcoin. It enables users to earn rewards while keeping Bitcoin liquid for DeFi use. Key points: Liquid staking for Bitcoin: $LstBTC allows staking without locking $BTC. Rewards in CORE: Users earn daily rewards in $CORE tokens. Boost for DeFi adoption: Aimed at expanding Bitcoin’s role......

September 5, 2024

Robinhood Agrees to $3.9M Settlement Over Crypto Withdrawal Restrictions

Robinhood will pay a $3.9M penalty to the California Department of Justice for restricting crypto withdrawals between 2018 and 2022. Key points: $3.9M penalty: Robinhood to pay California DOJ. Crypto restrictions: Users could not withdraw crypto from 2018 to 2022. Forced sales: Customers had to sell crypto back to Robinhood. False advertising: Platform misled users......

September 5, 2024

Blockstream Launches New Bitcoin Mining Token Series

Blockstream has introduced its third series of the BMN2 token, allowing non-U.S. investors to gain exposure to Bitcoin mining by tapping into the company's hash rate. Key points: New BMN2 Series 3 launched: Provides access to Bitcoin's hash rate. Targeted for non-U.S. investors: EU-compliant security token. 1 PH/s hash rate allocation: Each token grants 1......

September 5, 2024

Skyscanner Integrates with Travala, Offering Crypto Payments for Hotel Bookings

Skyscanner now supports hotel bookings with over 100 cryptocurrencies through a partnership with Travala, expanding options for crypto travelers. Key points: Crypto bookings available: Skyscanner adds Travala, enabling hotel bookings using digital currencies. 100+ cryptocurrencies accepted: Users can pay with $BTC, $ETH, and more. 2.2M hotels: Travala’s inventory spans 230 countries. First crypto-integrated platform: Travala......

September 4, 2024

Uniswap Labs Fined $175,000 by CFTC for Illegal Crypto Derivatives Trading

Uniswap Labs has been fined $175,000 by the U.S. Commodity Futures Trading Commission (CFTC) for illegally offering crypto derivatives trading through leveraged tokens. Key points: CFTC fine: Uniswap Labs agreed to pay $175,000. Illegal derivatives: Uniswap offered unauthorized crypto derivatives through its decentralized platform. Leveraged tokens: These tokens did not meet CFTC requirements. Compliance issues:......

September 4, 2024

Major Swiss Bank ZKB Enters the Crypto Market with $BTC and $ETH Trading

Zurich Cantonal Bank (ZKB), Switzerland’s fourth-largest bank, now offers $BTC and $ETH trading through its e-banking and mobile platforms. Key points: New crypto trading service: The bank now offers $BTC and $ETH trading for customers. Secure storage of crypto assets: The institution securely stores private keys for clients. 24/7 access: Customers can trade crypto anytime......

September 4, 2024

Polygon’s $MATIC Token Becomes $POL, Boosting Utility in Polygon 2.0

Polygon’s $MATIC token has been upgraded to $POL, enabling enhanced utility for gas, staking, and cross-chain interoperability, as part of the Polygon 2.0 roadmap. Key points: MATIC to $POL migration: $MATIC holders now automatically upgrade to $POL at a 1:1 ratio. Polygon 2.0 integration: $POL powers Polygon’s new aggregation layer (AggLayer) for cross-chain operations. Expanded......

September 3, 2024

Trump’s DeFi Lending Play—Here’s the Scoop

Trump’s latest DeFi lending project, World Liberty Financial, is already under fire for being linked to a $2M DeFi hack and having some questionable team members. Key points: DeFi lending focus: World Liberty Financial is a new DeFi lending platform endorsed by Trump. Hack connections: Key team members were involved in a $2M DeFi hack......

September 3, 2024

Ripple Expands XRP Ledger with Ethereum-Compatible Smart Contracts

Ripple is set to introduce Ethereum-compatible smart contracts on its XRP Ledger, aiming to broaden its functionality and attract developers. Key points: Ethereum-compatible contracts: Ripple to add smart contracts via an Ethereum Virtual Machine (EVM) sidechain. Developer focus: Ripple aims to attract more developers by enabling familiar programming environments. Mainnet expansion: Smart contracts may expand......

September 3, 2024

Sky Aave Force: Aave and Sky Join Forces to Bring DeFi to the Masses

Aave Labs and Sky (formerly Maker) have teamed up to launch the Sky Aave Force initiative, a groundbreaking effort to merge decentralized finance (DeFi) with traditional finance (TradFi), aiming for mass adoption and broader accessibility. Key points: Strategic partnership: Aave Labs and Sky collaborate to launch Sky Aave Force, focusing on integrating DeFi with TradFi.......

September 2, 2024

Metaplanet Teams Up with SBI for Bitcoin Strategy Enhancement

Metaplanet has partnered with SBI VC Trade to enhance its Bitcoin trading, storage, and financial strategies, aiming to increase its corporate Bitcoin holdings and financial flexibility. Key points: Strategic partnership: Metaplanet collaborates with SBI VC Trade for comprehensive Bitcoin services. Custody and compliance: SBI provides secure, tax-efficient Bitcoin custody services. Financial flexibility: Metaplanet plans to......

September 2, 2024

OKX Bags Full Singapore License, Taps Former MAS Official as CEO

OKX just scored a full license in Singapore, letting it offer digital payment services and crypto trading, while also hiring a former top regulator as CEO. Key points: Full MPI license: OKX is now fully licensed to offer digital payment tokens and cross-border money transfer services in Singapore. New CEO appointment: Gracie Lin, a former......

September 1, 2024

TOKEN2049 Singapore Exhibition Opportunities Sold Out: Limited Tickets Remain for the World’s Largest Web3 Event With 20,000 Attendees and 500+ Side Events

TOKEN2049, the world’s largest crypto event, is set to make history again by shattering all previous records for its 2024 edition. Taking place September 18-19 at Marina Bay Sands ahead of the Formula 1 Singapore Grand Prix 2024 race weekend, TOKEN2049 Singapore will host 20,000 attendees from over 150 countries, solidifying its status as the......

September 1, 2024

Polygon Productions, The World’s Most Immersive 360° Live Sound Experience Set to Debut at AFTER 2049, Singapore’s Biggest Pre-Formula 1 Grand Prix Party 

TOKEN2049, the world’s largest Web3 conference, announced a collaboration with spatial sound pioneers Polygon Productions for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Set to redefine live music experiences with spatial audio technology, Polygon Productions will combine binaural sound and synchronised lighting to curate an immersive sensory journey for......

August 30, 2024

WazirX Sets $12M for Crypto Recovery and Legal Battles Amid $230M Theft

WazirX is dedicating $12M to recover stolen crypto and cover legal expenses after a $230M cyberattack that crippled the exchange back in July. Key points: Massive crypto heist: Hackers stole $230M in July, including $102M in Shiba Inu tokens. $12M war chest: Funds reserved to tackle legal battles and investigations. 30-day legal breathing room: WazirX......

August 30, 2024

Elon Musk and Tesla Win Dismissal of Dogecoin Market Manipulation Lawsuit

Elon Musk and Tesla have been cleared of accusations of manipulating the Dogecoin market, with a U.S. judge ruling that Musk's statements were not actionable. Key points: Lawsuit dismissed: Judge permanently dismissed the case, blocking any future claims. Investor claims: The lawsuit alleged Musk's tweets inflated Dogecoin's price to benefit his holdings. Judge’s reasoning: Statements......

August 29, 2024

Solana’s BET on DRIFT Outpaces Polymarket with $20M in 24-Hour Trading Volume

BET on DRIFT, a Solana-based prediction market, outpaced Polymarket with $20M in trading volume within 24 hours, raising questions about DRIFT’s ability to maintain this momentum in the fierce prediction market landscape. Key points: BET on DRIFT hits $20M: The platform surpassed Polymarket's $12.4M in single-day trading volume. Solana’s advantages: Leveraging Solana’s low fees, fast......

August 29, 2024

Binance Launches BNSOL: A New Chapter for Solana Staking?

Binance has teased "BNSOL," sparking speculation about a new staking product for Solana ($SOL) on the platform. Key points: Binance announces $BNSOL: A Liquid Staking Token powered by the decentralized Sanctum protocol. Unlocking liquidity: $BNSOL might allow stakers to unlock liquidity while still earning rewards. Impact on Solana: Binance's entry into Solana staking could boost......

August 27, 2024

Maker Rebrands to Sky and Prepares for USDS Stablecoin Launch

Maker just rebranded to Sky and is rolling out its shiny new $USDS stablecoin and $SKY governance token on September 18. It’s all part of a major overhaul called Endgame. Key points: Maker protocol is now Sky protocol: Say goodbye to Maker and hello to Sky. $USDS stablecoin: The new kid on the block, replacing......

August 27, 2024

Aave Labs Proposes GHO Stablecoin Integration with BlackRock’s $509M BUIDL Fund

Aave Labs is eyeing a collaboration with BlackRock to integrate its $509M $BUIDL tokenized fund into Aave's $GHO Stability Module, boosting stablecoin efficiency and yield opportunities. Key points: Aave Labs' big move: Aave wants to plug BlackRock’s $BUIDL fund into its $GHO Stability Module (GSM). BUIDL = Real assets: $BUIDL token represents traditional assets like......

August 26, 2024

Telegram CEO Arrested in France

Telegram CEO Pavel Durov got arrested in France, sparking a crypto crash and some serious side-eye from Russia. Key points: Pavel Durov detained in France: Telegram’s CEO was nabbed at a Paris airport over Telegram's lack of moderation. Toncoin price nosedives: The crypto linked to Telegram ($TON) didn’t take the news well. Russia demands answers:......

August 23, 2024

Babylon Just Launched Bitcoin Staking

Babylon just dropped the first phase of its self-custodial Bitcoin staking mainnet. Over 12,710 stakers have already jumped in, performing over 20,600 delegations. Key points: Bitcoin staking is live: Babylon’s self-custodial mainnet now lets you stake your $BTC via smart contracts. Huge interest: 12,710 stakers are already securing rewards. Beyond holding: Bitcoin is more than......

August 22, 2024

SunPump Overtakes Pump.Fun’s Memecoin Activity

Tron’s SunPump platform has surpassed Solana's Pump.Fun in daily memecoin launches, signaling a significant shift in trader interest from Solana to Tron. Key points: SunPump surpasses Pump.Fun: Tron’s new memecoin launchpad SunPump has launched 7,352 tokens in the last 24 hours, overtaking Pump.Fun’s 5,694. $SUNDOG soars: Tron's memecoin $SUNDOG reached a $190M market cap, surpassing any Pump.Fun......

August 21, 2024

Tether Teams Up for UAE Dirham-Pegged Stablecoin

Tether plans to launch a new stablecoin pegged to the UAE Dirham (AEDT), partnering with Phoenix Group PLC and Green Acorn Investments Ltd. Key points: The leading stablecoin issuer is launching a stablecoin pegged to the UAE Dirham, fully backed by UAE-based reserves. This is a collaboration with UAE-based Phoenix Group PLC and Green Acorn......

August 20, 2024

State Street Partners with Taurus for Tokenization

State Street is teaming up with Taurus to enter the digital asset space, starting with tokenization. Full crypto custody will follow once U.S. regulations ease up. Key points: Partnership with Taurus: State Street partners with Swiss-based crypto firm Taurus to begin tokenizing traditional assets. Regulatory challenges: Due to SEC’s SAB 121 regulation, the financial titan......