Category: crypto

The Ontario Court of Appeal ruled in favor of Binance, stating that the Ontario Securities Commission’s request for communication documents was unconstitutional. The OSC had demanded internal communication documents from Binance dating back to January 2021 as part of an investigation, but the court found the request to be overbroad and unconstitutional.

Phantom Wallet CEO Brandon Millman confirmed that the company will not launch its own blockchain or go public through an IPO. Instead, they will focus on investing in existing ecosystems like Solana and improving user experience. The firm plans to remain private and continue growing with support from investors.

Visa has launched a new stablecoin payouts pilot program to simplify payments from businesses to creators. The initiative allows businesses to send USD-backed stablecoin payouts directly to digital wallets. This aims to give creators quicker access to their earnings and reduce delays associated with traditional payout methods.

Sun Wukong, a Chinese decentralized contract exchange, reveals its proof-of-reserves page showing $64.14 million in stablecoin reserves, with a 100% reserve ratio in USDT. The platform has achieved nearly $5 billion in total trading volume and has over 58,000 active users since its launch in October.

Meteora price surged 28% to $0.50 with potential to reach $0.60. Overbought conditions and high volatility pose pullback risks. The increase is attributed to listings on Crypto.com and Coinbase Perpetuals. Meteora’s decentralized exchange generates fees comparable to Uniswap despite a smaller market cap. Technical analysis suggests potential for further gains.

The ICP team jokingly apologized for running full-stack apps entirely on-chain without traditional cloud services like AWS, despite the ICP token being down 99% from its all-time high. Community members criticized ICP’s underwhelming price performance, dropping from $750 to $6. Examples of full-stack apps on the ICP network were provided.

Astar Network has released a new roadmap to enhance its native token, ASTR. The roadmap includes plans to introduce a fixed supply cap, shift to a community-led governance system, and launch a Startale App by 2026. The network also aims to integrate with Plaza and increase community participation through governance changes.

Circle’s revenue in the third quarter reached $740 million, up 66% from last year, with USDC circulation doubling to $73.3 billion. Net income tripled to $214 million, driven by institutional adoption. The company also expanded its infrastructure with the launch of the Arc testnet and Circle Payments Network.

New projects are combining AI, DeFi, and user-owned data to revolutionize how people earn, save, and invest. Calyx and ConsumerFi are collaborating to create a next-generation consumer finance protocol that allows individuals to monetize their digital activity while maintaining privacy. The CFI public sale begins on November 13, offering 25 million tokens.

Cypherpunk Technologies rebranded and invested $50 million in acquiring 203,775 Zcash tokens, backed by a $58.88 million private placement led by Winklevoss Capital. They believe in the importance of privacy in financial transactions and see Zcash as a strategic hedge against the transparency of other systems. Their pivot to focus on Zcash comes amid a…