Category: crypto

Bitcoin-native DeFi protocol Liquidium has introduced a new staking model tied to platform revenue, leading to a 73.3% increase in its token price. The staking mechanism allows users to earn rewards in sLIQ tokens. The protocol also rebranded to LiquidiumWTF to embrace Bitcoin’s experimental frontiers and will launch a new product soon.

Poof is a new open beta app built on Solana that transforms simple prompts into fully functioning on-chain applications in minutes, using AI and Solana’s infrastructure. It aims to make blockchain development accessible to anyone, offering apps like Tipchat and Flappy Bird Clone. However, there are still questions and risks to consider.

The US Senate is set to vote on an updated version of the GENIUS Act, a stablecoin-focused bill that addresses concerns raised by Democratic lawmakers. Key amendments aim to tighten regulatory controls and reinforce national security protections, while also preventing non-financial companies from issuing stablecoins without meeting strict conditions. Crypto industry advocates are mobilizing to…

Ethereum’s Pectra upgrade has led to a surge in smart account usage, with over 26,000 wallets transitioning to the new format powered by EIP-7702. This new standard allows regular Ethereum wallets to operate like smart contracts, offering features such as automated spending and multi-step actions. Smart accounts are gaining traction on layer-2 networks like Base…

World Liberty Financial, owned by the Trump family, approved a community proposal to airdrop its USD1 stablecoin to eligible token holders. The governance vote received near-unanimous support, with whales dominating voting power. The project has faced criticism for its political connections and investor profile, with concerns about potential risks to the US financial system.

The SEC issued new guidance on digital assets, clarifying securities laws for broker-dealers and transfer agents. Chainlink praised the update, highlighting benefits for financial institutions. Closed-door meetings between Chainlink and the SEC helped shape the guidance. The update allows for core fund operations on-chain and positions Chainlink as a key player in compliant on-chain finance.

Sora Ventures will enter public markets through a partnership with Top Win International Limited. Founder Jason Fang will become Co-CEO of the rebranded firm “AsiaStrategy,” focused on digital assets. TopWin plans to leverage Sora’s expertise in Bitcoin integration to lead investment initiatives in Asia. The move aligns with Asia’s growing interest in digital assets.

FTX Recovery Trust will distribute over $5 billion to creditors on May 30 as part of the Chapter 11 Plan of Reorganization. Eligible claimants in Convenience and Non-Convenience Classes will receive funds through BitGo and Kraken. This marks the second payment round since FTX entered bankruptcy proceedings, with future payment dates to be disclosed.

Institutional adoption of stablecoins has surged due to technical readiness, reduced regulatory barriers, and growing demand for faster cross-border settlements. 86% of surveyed firms are now prepared for stablecoin integration, with 49% actively using stablecoins for payments. Barriers to adoption have decreased, with compliance and regulatory concerns lessening. The focus has shifted from pilots to…

Abu Dhabi’s sovereign wealth fund Mubadala increased its Bitcoin exposure by purchasing 491,000 shares of BlackRock’s iShares Bitcoin Trust. The fund now holds 8,726,972 shares worth over $512 million. In contrast, the State of Wisconsin Investment Board liquidated its Bitcoin ETF holdings, reflecting different strategies in response to crypto volatility.