Category: crypto

AVAX price surged to $31.32 following Avalanche Treasury Co.’s announcement to become a public vehicle acquiring up to $1 billion worth of AVAX tokens. The merger with Mountain Lake Acquisition Corp is expected to value the new entity at over $675 million, with plans to support the Avalanche ecosystem.

Plasma’s XPL token fell 45% from its peak, sparking rumors of insider selling and market maker ties. Founder Paul Faecks denied these claims, stating that team members and early investors are locked up for three years. Despite the decline, Plasma remains focused on long-term infrastructure and stablecoin ecosystem adoption.

Thai SEC plans to allow Crypto ETFs beyond Bitcoin to attract local and foreign investors. The agency is drafting rules to include a range of digital assets in ETFs offered by local mutual funds and institutions. This move aligns with Thailand’s goal to become a regional crypto hub and attract young investors.

Pendle Finance is partnering with Plasma’s digital bank to offer DeFi yield products to users globally, including the unbanked. Five yield markets with APYs ranging from 12.67% to 649% will be available on Plasma. $900,000 in XPL token incentives will support Yield Token holders and liquidity providers. Plasma’s mainnet beta saw over $2 billion in…

Sweden is considering establishing a national Bitcoin reserve funded by seized assets. Lawmakers are proposing the move to hedge against inflation and diversify state assets. The proposal aims to preserve Bitcoin’s legal status and follows a global trend, with countries like the US already developing strategic crypto reserves.

Coinbase is integrating 1inch’s Swap API to improve token swaps directly on its decentralized exchange feature, making it 1inch’s largest U.S. client. This integration will bring onchain trading to Coinbase users and offer better execution prices and liquidity depth by aggregating quotes from various sources. This move aligns with Coinbase’s goal of becoming a comprehensive…

SOON price has broken above key resistance after weeks of consolidation, reaching around $0.48 following a listing on Kraken. A retest at $0.43 is likely, with support at $0.35. If $0.43 holds, the price could target $0.55-$0.60 resistance. Stronger support at $0.35 may contain any pullback.

Robinhood CEO Vlad Tenev believes that tokenization of assets will revolutionize financial services, increasing liquidity and capital. The company is also exploring prediction markets to expand its event contracts product globally. Tenev predicts that tokenization will lead to a significant increase in the financial market value.

Coinbase’s David Duong believes that mergers and acquisitions will become a key strategy for crypto treasuries looking to grow and differentiate themselves in a competitive market. This trend is driven by the need for companies to scale and stand out as the digital asset treasury space matures. Share buybacks, while potentially supporting token prices, are…

Citadel Wallet has introduced Suiball, the first hardware wallet specifically designed for the Sui blockchain. Suiball features clear signing to display transaction details, supports native Sui assets and integrates with DeFi platforms. It also supports Bitcoin and plans to expand into gaming and payment applications in the future.