Category: crypto

Coinbase disclosed details about market maker agreements for the Monad ICO, revealing firms like Galaxy and GSR. The ICO will offer 7.5 billion MON tokens at $0.025 each, with team and ecosystem allocations. Market makers will receive 160 million MON in token loans. Contracts can be renewed monthly with oversight from Coinwatch.

Uniswap founder Hayden Adams introduced the “UNIfication” proposal, reshaping the DEX’s revenue model and UNI tokenomics. The plan splits trading fees to buy and burn UNI tokens, potentially triggering $38M in monthly buybacks. Analyst estimates show UNI surpassing PUMP and trailing HYPE in monthly buyback volumes.

Traditional investors are hesitant about crypto, viewing it as a mix of VC and gambling. Stablecoins are seen as the foundation of a new financial system, offering benefits like instant settlement and programmable money flows. Butler emphasizes the importance of embracing risk management and disclosure standards from traditional finance in the crypto space.

Propanc Biopharma has secured $100 million in financing from Hexstone Capital to enhance its digital asset strategy. The investment will support the company’s efforts to expand its digital asset portfolio and accelerate research in cancer treatment. Propanc aims to acquire undervalued Digital Asset Treasury companies to drive shareholder value.

Coinbase has introduced a new savings account in the UK offering 3.75% interest on GBP balances, with daily interest payments and instant access. The account is regulated and protected by the FSCS up to £85,000. This move is part of Coinbase’s broader strategy to become a regulated financial platform in the UK.

Uniswap has proposed activating protocol fees, burning 100 million UNI tokens, and restructuring governance to reduce supply and align incentives. This proposal aims to connect token value to exchange usage, reduce supply gradually through fee mechanisms, and merge the Uniswap Foundation and Labs into a unified structure focused on protocol growth.

Coinbase is launching a token sales platform for U.S. retail traders, starting with the Monad sale from Nov. 17-22. The initiative aims to promote broader distribution and limit asset concentration among large purchasers. A new standard for token sales includes a request window and an algorithm that prioritizes smaller orders.

Michael Saylor’s company Strategy, the largest corporate holder of Bitcoin, has purchased an additional 487 BTC for $49.9 million, bringing their total holdings to nearly 642,000 BTC. This purchase comes as Bitcoin prices bounce back, with Strategy’s aggressive Bitcoin accumulation strategy standing out in the market.

SUI Group partners with Bluefin, a decentralized exchange, to drive institutional adoption of crypto products on the Sui blockchain. The partnership involves lending 2 million SUI tokens to Bluefin in exchange for a 5% revenue share. The goal is to attract traditional finance players to Sui’s on-chain markets ecosystem.

BitMine’s stock surged over 6% after revealing it holds 3.5 million ETH, worth $12.7 billion. The firm bought $400 million worth of ETH during a dip, increasing its stake by 34% week-over-week. BitMine aims to reach 5% ownership of Ethereum. The company’s stock has risen over 300% since July.