Category: crypto

Ripple has integrated RLUSD into its cross-border payments platform, Ripple Payments, amidst a 118% monthly growth in market cap. RLUSD’s utility within Ripple’s global transaction infrastructure has expanded, coinciding with its listing on Kraken. This move aims to increase access for institutional and retail users, with plans to further integrate RLUSD with enterprise customers.

Fidelity Investments is launching zero-fee retirement plans that offer exposure to Bitcoin, Ethereum, and Litecoin. The plans are available to US citizens over 18 in states supported by Fidelity Digital Assets. Three IRA plans are offered, including a tax-free Roth IRA. Opening and maintaining the account is free, but a 1% spread applies to buy…

Bitcoin is currently trading in a midrange with limited selling pressure, despite a decrease in trading volume. The market is uncertain and lacks clear direction.

Grayscale has launched two new Bitcoin exchange-traded funds (ETFs) focused on income generation. The Grayscale Bitcoin Covered Call ETF (BTCC) aims to generate high-yield returns by writing call options close to Bitcoin’s spot price, while the Grayscale Bitcoin Premium Income ETF (BPI) blends income generation with growth potential through writing call options far from the…

Ye Zhang, co-founder of Ethereum layer-2 network Scroll, opposes imposing fees on layer-2 networks, arguing it goes against Ethereum’s long-term vision. He believes Ethereum’s strength lies in positioning ETH as the central asset across multiple Layer-2 ecosystems, rather than focusing on extracting fees. Zhang emphasizes the importance of scalability and improving data availability infrastructure for…

First Digital Trust (FDT) denied insolvency allegations made by Justin Sun, stating its stablecoin is fully backed with US Treasury bills. Sun’s social media post caused FDUSD to break its peg, raising questions about the stablecoin’s solvency and implications for Binance. FDT plans legal action and an AMA event to address the issue.

Japanese financial giant Sumitomo Mitsui Financial Group plans to launch a fiat-backed stablecoin on the Avalanche network in collaboration with Ava Labs and Fireblocks. The project aims to modernize cross-border payments by reducing reliance on traditional intermediaries like SWIFT. SMFG has been increasing its involvement in blockchain and stablecoin initiatives in recent years.

The Chinese government is exploring the use of blockchain technology to enhance the security of its credit information systems. The National Development and Reform Commission (NDRC) is incorporating privacy computing solutions to safeguard sensitive data. This move aligns with a global trend of governments utilizing blockchain for non-financial applications.

VanEck is planning to launch the first US-based ETF tracking the BNB token. The asset manager has registered a legal entity for this purpose and aims to mirror BNB’s market performance. The move follows a trend of interest in altcoin ETFs, fueled by the success of spot Bitcoin ETFs. The proposal coincides with increased momentum…

Kraken, a top cryptocurrency exchange, has listed JUST (JST) token on its platform. JUST is a leading DeFi ecosystem on the TRON network, offering stablecoin and lending platforms. The listing includes JST/USD and JST/EUR trading pairs. Additionally, a $90,000 JST token airdrop campaign has been launched. JustLend DAO, part of the JUST ecosystem, provides various…