Category: crypto

Vladislav Ginzburg, CEO of OneSource, believes blockchain gaming is moving beyond hype. While past promises of player-owned economies and interoperable universes fell short, serious efforts are now focused on infrastructure. Blockchain gaming is growing, with potential to address issues like aggressive monetization and preserving access to older games.

Figment and Coinbase have partnered to expand institutional staking solutions beyond Ethereum, aiming to support various other Proof-of-Stake networks. The collaboration will allow clients to access Figment’s staking services through Coinbase Prime’s institutional-grade controls and secure custody, enhancing flexibility and security for institutional investors in the crypto market.

Western Union is launching a stablecoin called USDPT on the Solana blockchain, using Anchorage Digital Bank for issuance. The goal is to merge fast settlement with real-world cash access by providing a Digital Asset Network. The network aims to solve the “last mile” problem in transferring money and offers users the ability to convert USDPT…

Polymarket is planning to disrupt the U.S. sports betting market with its return in November. The prediction platform aims to challenge traditional online gambling platforms, focusing on high-volume sporting events like the NFL and NBA. Stocks of Flutter and DraftKings fell after news of Polymarket’s return, indicating potential market disruption.

Wall Street was upbeat on Tuesday, with the Dow Jones rising over 150 points and S&P 500 and Nasdaq hitting record highs due to positive news from Nvidia and a Microsoft-OpenAI deal. Investors are optimistic ahead of the Federal Reserve interest rate decision in October, with tech stocks leading the gains.

Tether Gold has surpassed $2 billion in market capitalization, backed by physical gold stored in Switzerland. This milestone comes during a surge in gold prices and institutional interest in tokenized assets. Tether Gold’s success reflects the growing trend of real-world assets thriving on the blockchain, with institutional support and a precise 1:1 peg.

World Liberty Financial has introduced a rewards program for early adopters of its USD1 stablecoin, distributing 8.4 million WLFI tokens to users on partner exchanges. The program generated $500 million in stablecoin activity in two months. WLFI plans to expand with DeFi integrations and real-world utility initiatives, like a debit card linked to USD1 and…

Maple Finance is transitioning away from SYRUP staking to a revenue-driven buyback model. The community has shown support for this change, with 91% backing the proposal. Revenue will now fund a Syrup Strategic Fund for token buybacks, aiming to align token value with the project’s revenue. Governance will also expand to include all token holders.

South Korean firm BDACS is launching its stablecoin KRW1 on Circle’s blockchain Arc, backed by the Korean won. This partnership aims to expand South Korea’s presence in the global stablecoin market. KRW1 was initially launched on Avalanche and plans to integrate with more networks in the future.

Australia is expanding its regulatory oversight of the crypto industry by applying financial laws to a wider range of digital assets, including stablecoins, staking, and tokenized products. The Australian Securities and Investments Commission (ASIC) has updated guidance to clarify that these laws also apply to offshore and decentralized platforms serving local users. ASIC is proposing…