Category: crypto

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.

The U.S. Senate passed a bipartisan funding bill to end the government shutdown, leading to positive market sentiment. World Liberty Financial’s token, WLFI, saw a 25% increase to $0.1681. WLFI’s intraday volume spiked by 842.02% to $900 million. The rally of WLFI token outperformed major crypto assets and stocks.

Mantle has partnered with Anchorage Digital to provide institutional access to its native MNT token on Ethereum. This integration allows global institutions to custody MNT tokens on Ethereum using Anchorage Digital’s self-custody wallet, Porto. The partnership aims to boost Mantle’s ecosystem growth and increase institutional participation in decentralized finance.

Strive Inc. completed an IPO for its Variable Rate Series A Perpetual Preferred Stock, raising $160 million. The company now holds 7,525 Bitcoin, acquired through the IPO and recent purchases. Strive’s Bitcoin-focused strategy is supported by advanced risk controls and financial principles, positioning it as a leader in the digital treasury space.

The Bank of England’s new consultation paper introduces temporary limits on stablecoin holdings, capping individual holdings at £20,000 and businesses at £10 million to minimize financial risks. Despite past skepticism, the central bank’s revised approach signals a more positive stance towards stablecoins as part of the financial system.

Pi Network is nearing its mainnet v23 launch following a successful Testnet 1 phase that processed millions of transactions with minimal failures. This boosted investor confidence and increased PI price by over 3.5% in 24 hours. The network is also collaborating with OpenMind to handle decentralized AI workloads.