Category: crypto
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Nasdaq seeks approval to launch tokenized stocks
Nasdaq is seeking regulatory approval to trade tokenized versions of stocks and ETFs on its platform. This initiative aims to combine the benefits of tokenization with investor rights and market safeguards. The move reflects a broader trend in traditional finance, with potential for a $190 trillion market. Nasdaq plans to maintain market stability while embracing…
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Strategy and Metaplanet scoop up 66% of newly mined Bitcoins
Last week, corporate treasuries dominated Bitcoin issuance, with two publicly traded firms, Strategy and Tokyo-listed Metaplanet, purchasing over $230 million worth of BTC. Strategy bought 1,955 BTC, while Metaplanet acquired 136 BTC. Strategy’s BTC stash now stands at 638,460 BTC, while Metaplanet holds 20,136 BTC.
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Kazakhstan eyes crypto future with national reserve
Kazakhstan is establishing a state-backed crypto reserve to integrate digital assets into the national economy. President Tokayev directed the creation of a State Fund for digital assets managed by the National Bank. This initiative follows efforts to accelerate digital finance and integrate blockchain technology. The country aims to become a major player in state-linked digital…
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Largest supply chain attack in history targets crypto users through compromised JavaScript packages
A new cyberattack targeting crypto during transactions is described as the largest supply chain attack in history. Hackers compromised NPM package maintainer accounts through phishing emails, injecting malware that steals crypto. The attack targeted JavaScript developers with fraudulent emails warning of locked accounts unless two-factor authentication credentials were updated.
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Solana trading bot Aqua allegedly rug pulls $4.65 million after major ecosystem endorsements
Blockchain investigator ZachXBT reported that the Solana trading platform Aqua allegedly conducted a rug pull, draining $4.65 million worth of SOL. Aqua promised revenue sharing through its AQUA token and raised $1 million in 30 minutes. The project gained credibility through partnerships and security assessments, but its team disappeared after the incident.
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South Korean exchange Upbit teases own blockchain network with countdown
South Korea’s largest crypto exchange, Upbit, launched a mysterious countdown for a new blockchain project called “Giwa,” sparking speculation about its purpose in the digital asset sector. The project’s details are unclear, but it could be a new Layer-1 or Layer-2 network to enhance the country’s web3 infrastructure or support stablecoins. Investors are eagerly awaiting…
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Hyperliquid’s HYPE rallies as stablecoin battle heats up
Hyperliquid’s governance token HYPE reached above $50 due to new bids to manage the decentralized exchange’s stablecoin USDH. Paxos and Agora submitted proposals, with Paxos focusing on regulatory compliance and revenue-sharing, and Agora emphasizing net revenue return to Hyperliquid. Both aim to maximize liquidity and efficiency across various platforms.
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Stablecoins find product-market fit as $250B a day now in sight and Wall Street knows it
In 2025, stablecoins in the West are gaining traction after the enactment of the GENIUS Act and the introduction of Tempo by Stripe and Paradigm. The law sets regulations for stablecoins, while companies like Visa and Mastercard are integrating stablecoin settlements. Revenue projections show potential growth in the stablecoin market. Regulatory fit, fiat coverage, and…
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Nayib Bukele buys 21 Bitcoin to honor El Salvador anniversary
In celebration of the fourth anniversary of adopting Bitcoin as legal tender, El Salvador added 21 Bitcoin to its national holdings, bringing the total to 6,313 BTC worth over $701 million. The government has invested $300 million in acquisitions, with an unrealized profit of over $400 million. The country’s Bitcoin embrace includes creating a Strategic…
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Forward Industries (FORD) to become largest Solana treasury holder through $1.6B deal, stock jumps 101%
Forward Industries’ stock price doubled after announcing a $1.65 billion Solana treasury program with support from industry giants like Galaxy Digital and Jump Crypto. The program aims to generate on-chain returns and increase shareholder value. Multicoin Capital’s Kyle Samani will become Chairman of the Board, with support from other industry experts.