Category: crypto

Wormhole Foundation challenges LayerZero’s bid for Stargate Finance, citing undervaluation. Stargate holds $92 million in assets and showed significant growth, processing $4 billion in bridge volume in July 2025. LayerZero defends its offer, emphasizing ecosystem consolidation and premium pricing. Both foundations present differing visions for the future of Stargate.

China is considering yuan-backed stablecoins for the first time to enhance the yuan’s role in cross-border payments. The plan involves assigning regulatory responsibilities and implementing pilot activities in Hong Kong and Shanghai. The move is part of a broader objective to internationalize the currency and compete with dollar stablecoins dominating the market. Policymakers face challenges…

TRON DAO announced a collaboration with Kraken and Backed to integrate xStocks with the TRON blockchain, providing new opportunities for tokenized equities exposure. This move aims to make tokenized equities more accessible and transparent, bridging traditional markets with blockchain technology. The integration strengthens TRON’s position in the decentralized finance space.

Chainlink’s LINK price has surged to a seven-month high due to whale accumulation and institutional partnerships. The derivatives market activity, all-time high open interest in LINK futures, on-chain transactions, and institutional adoption are driving the rally. Chainlink is collaborating with major financial institutions globally, positioning itself as a key player in blockchain connectivity.

Crypto investors holding the top five digital assets by market capitalization for over a month have realized nearly $2.8 billion in profits in the past month. Bitcoin led profit-taking, accounting for over 50% of the activity. Ethereum, Solana, XRP, and Tron also saw significant profit withdrawals. Bitcoin and Ethereum holders saw the largest profit events,…

The UK government has imposed sanctions on entities linked to Russia using cryptocurrencies to evade Western restrictions. Key players include Kyrgyzstan’s Capital Bank and Grinex, a crypto exchange replacing the blacklisted Garantex. The move aims to limit Russia’s financial options amid the Ukraine invasion. The A7A5 stablecoin token, backed by sanctioned Russian lender Promsvyazbank, has…

Pump.fun has regained its position as the top memecoin launchpad on Solana after experiencing a decline to Bonk.fun. The reversal was driven by Pump.fun’s aggressive token buyback plan and rumors of a PUMP airdrop. The platform raised $1 billion from a PUMP pre-sale and has generated $814 million in revenue since January 2024.

Bitcoin and Ethereum ETFs in the US saw nearly $1 billion in outflows on Aug. 19 due to recent price corrections in the crypto market. Bitcoin dropped to $112,000, while Ethereum fell to $4,200. Fidelity, Grayscale, and Bitwise were the most affected. Despite the outflows, assets under management for these ETFs remain at record levels.…

Federal Reserve Vice Chair Michelle Bowman urged banks to embrace blockchain technology to stay relevant in the rapidly changing financial landscape. She emphasized the importance of regulators and banks adopting a proactive approach towards crypto, highlighting tokenization as a key application of blockchain technology that can streamline processes and combat fraud.

Federal Reserve Vice Chair Michelle Bowman acknowledged crypto firms experiencing debanking due to regulatory uncertainty. The Fed has shifted its approach to blockchain innovation, removing reputational risk considerations from bank supervision. Bowman outlined four core principles for digital asset regulation: regulatory certainty, tailored regulation, consumer protection, and American competitiveness. She emphasized the importance of technology…