Category: crypto

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…

The crypto market lost $60 billion in market capitalization after the US labor market was revealed to be weaker than previously reported. Bitcoin and Ethereum both dropped in value, with major altcoins also posting losses. The revision of employment data suggests a possible rate cut in September due to overcounting of jobs.

Two major Ethereum layer-2 networks, Linea and Polygon, experienced operational setbacks on Sept. 10, raising concerns about scaling solutions. Linea had an hour-long pause in block production due to reduced performance from the mainnet sequencer, coinciding with an airdrop. Polygon faced a 10-15 minute finality delay due to a bug affecting nodes.

Coinbase has launched x402 Bazaar, a catalog for AI agent-powered micropayments. It indexes services accepting USDC payments and settles through a hosted facilitator. x402 protocol uses the HTTP 402 status code for payments. The whitepaper discusses sub-second confirmations and low gas fees. Regulatory changes support stablecoin rules in the US and Europe.

Ethena Labs submitted a proposal to become the issuer of Hyperliquid’s stablecoin USDH, backed by USDtb from BlackRock’s BUIDL fund. They plan to return 95% of revenue to the community. Hyperliquid is considering various proposals to introduce USDH and improve revenue. Ethena differentiates itself with partnerships and security infrastructure plans.

Eric Trump was removed from ALT5 Sigma Corporation’s board of directors in compliance with Nasdaq’s listing rules. The company restructured its board composition, appointing Zachary Folkman as a new director. ALT5 Sigma formed a partnership with World Liberty Financial, acquiring a stake in WLFI tokens. The company faces challenges including potential financial misstatements and criminal…