Category: crypto

California Governor Gavin Newsom plans to intensify his attacks on former President Donald Trump by launching a memecoin called “Trump Corruption” to parody Trump’s online persona. The coin will fund Newsom’s Campaign for Democracy and redistricting efforts. Newsom aims to counter Trump-related digital assets and warns of democratic backsliding.

Tokenized stocks, digital assets mirroring company prices, may mislead investors and harm market confidence, warns European regulator Natasha Cazenave. Many tokenized stock products in the EU lack shareholder rights like voting and dividends, causing retail investors to mistakenly think they own company shares. Regulators are concerned about potential risks and are monitoring the sector closely.

Decentralized exchanges processed over $1.15 trillion in spot and perpetual contract volumes in August, surpassing the $1 trillion threshold for the first time. Ethereum reclaimed spot trading leadership from Solana and BNB Chain. Uniswap remained the top spot DEX protocol, while Hyperliquid dominated the perpetual landscape. This growth indicates increased acceptance of decentralized trading venues.

World Liberty Financial’s WLFI token launched on Sept. 1 with high anticipation, leading to a surge in derivatives activity and spot trading volume. Despite a 14% drop in value, the token saw significant trading activities resulting in around $30 million in trader losses. A buyback proposal was also submitted to use protocol-owned liquidity fees to…

The Ethereum Foundation announced that the Holešky testnet is entering its final phase and will be shut down two weeks after the Fusaka upgrade. The network’s support will end in November, with developers and testers encouraged to use the Sepolia, Hoodi, and Ephemery testnets for different purposes.

XRP whales have bought 340 million tokens in the last two weeks, focusing on buying when prices dipped to $2.90, potentially leading to a rally to $4. Technical indicators suggest a rebound is possible, but altcoins like XRP, ADA, and DOGE have seen losses as market capitalization stagnates. Despite this, XRP whales continue to accumulate,…

Metaplanet acquired 1,009 Bitcoin for $112 million, adding to their total holdings of 20,000 BTC. Shareholders approved a plan to add $2.8 billion worth of Bitcoin to their treasury by 2027. They paid an average price of $110,720 per Bitcoin. Eric Trump attended a meeting as a strategic advisor.

Lee Eok-won, nominee for South Korea’s Financial Services Commission, faced criticism for dismissing crypto’s value. He believes digital assets lack intrinsic worth and are too volatile for use as money. Despite industry pushback, he supports regulating stablecoins. South Korean regulators are cautious, but retail interest in crypto is growing rapidly.

Economist Alex Krüger believes that the crypto bull cycle is not ending, viewing bearish sentiment as a buying opportunity. He expects volatility until the next Federal Reserve meeting and dismisses the idea of a blow-off top in 2025. He sees market weakness as temporary, with recovery on the horizon.

DV8 has appointed Jason Fang as CEO and is shifting towards a corporate Bitcoin treasury strategy. The company recently underwent ownership changes and raised capital through a warrant program. Fang has experience in structuring Bitcoin programs for listed companies in Asia. Thailand’s policy environment is becoming more favorable for digital assets.