Category: crypto

Ethena’s USDe stablecoin has quickly grown to over $13 billion in circulation after being listed on Binance. It is now the third-largest stablecoin in the industry, with significant yields attracting investors. Binance’s integration offers a $4 billion opportunity, and the token will be paired against USDT on the exchange.

James Moloney has been appointed by SEC Chairman Paul Atkins to lead the Division of Corporation Finance, which reviews IPO filings and corporate disclosures. Moloney, a pro-crypto veteran, will focus on modernizing rules and easing disclosure burdens while ensuring investors receive accurate information. His appointment comes as Congress considers the Clarity Act.

AVNT token saw a 43.3% price increase in 24 hours, reaching a 78% recovery from its bottom despite sell pressure from an airdrop. Avantis is a dominant decentralized exchange on Base, capturing $4.6 billion in trading volume in August. The token’s fundamentals and smart money accumulation support its price recovery.

SOL Strategies CEO Leah Wald discussed how Solana-focused digital asset treasury companies can drive institutional adoption and ETF flows. She highlighted the potential for Solana companies to benefit from a rising tide effect, similar to Bitcoin miners. Wald emphasized the importance of education and validation efforts for Solana’s growth and success.

President Trump’s CFTC chair nominee Brian Quintenz accused Tyler Winklevoss of trying to disrupt his confirmation after Quintenz refused to promise favorable treatment regarding Gemini’s past litigation with the commission. Winklevoss shared Gemini’s complaint against the CFTC and questioned the agency’s actions, while Quintenz emphasized the importance of proper process and transparency.

Hyperliquid’s decision to launch its stablecoin has sparked a competitive governance battle. Eight organizations, including Native Markets, Paxos, Ethena, and Agora, have submitted proposals to issue the token. Polymarket bettors favor Native Markets. There are concerns about Native Markets’ reliance on Stripe. Rival proposals from Paxos, Ethena, and Agora are gaining momentum.

Kiln, a major staking firm, is shutting down its Ethereum validators due to a security issue involving SwissBorg. The exit has caused a backlog of over 2 million ETH in the staking exit queue, leading to delays for investors looking to exit or stake new assets. Kiln is prioritizing user fund protection.

Markets are anticipating a 30 basis point easing in the upcoming Federal Open Market Committee decision, with Bitcoin potentially reaching all-time highs in the event of a 50 basis point rate cut. The decision is influenced by job revisions, inflation data, and the yield curve, with different scenarios impacting various asset classes. The market predicts…

The sponsored post by UQUID from Geneva, Switzerland, highlights TRON’s accelerating adoption in stablecoin payments and everyday purchases, particularly in Latin America, Africa, and Asia. TRON’s technical advantages, low fees, and fast processing times have made it a preferred network for Web3 payments, driving financial inclusion and reliable digital payments. UQUID is a Web3 commerce…

Democrat lawmakers have proposed new legislation to regulate the U.S. digital asset market, aiming to close regulatory gaps and restore investor confidence. The plan includes giving the CFTC jurisdiction over digital commodities, enhancing oversight of crypto trading platforms, and preventing abuse by public officials. The proposal also addresses DeFi protocols and stablecoins, emphasizing the need…