Category: crypto

Tether introduced the Legacy Mesh system to connect USDT and USDT0 across various blockchain networks including TRON, Ton, Ethereum, Arbitrum, Ink, and Berachain. The Legacy Mesh aims to streamline liquidity movement without the need for intermediary bridges, enhancing the DeFi protocol and establishing Arbitrum as a key liquidity hub for stablecoin transfers.

CryptoSlate Alpha is a membership program that requires purchasing an NFT with SOL, the Solana token. Connecting your Solana wallet is necessary for the purchase. By buying the membership, you agree to the terms of your digital wallet provider and the Access Foundation. CryptoSlate is not responsible for your digital wallet.

Federal Reserve Chair Jerome Powell confirmed the US will not have a central bank digital currency during his leadership. Senator Moreno expressed relief at Powell’s statement. President Trump signed an executive order prohibiting federal agencies from developing a CBDC. Powell and Governor Waller both emphasized the private sector’s role in driving payment innovation.

Bitcoin (BTC) is expected to increase in value as US Treasury yields remain below 4.50%, creating a positive environment for digital assets. Standard Chartered’s Geoffrey Kendrick predicts Bitcoin could reach a new all-time high above $108,000 in February, as long as key macroeconomic conditions remain stable. The recent announcement of tariffs by President Trump could…

Japanese gaming and blockchain company Gumi has invested 1 billion yen in Bitcoin, representing 4.3% of its market cap. Gumi also became the first publicly listed Japanese company to participate in BTC staking protocol Babylon. The company aims to strengthen its blockchain-focused business and generate new revenue sources through capital appreciation and validator rewards.

The altcoin sector is experiencing significant devaluation due to sell-side pressure and lack of adoption. Most ERC-20 tokens have highly correlated price movements, indicating a sector-wide sell-off. Liquidity in altcoins remains concentrated, with the top 10 coins holding 64% of total market depth. Bitcoin has outperformed altcoins in recent weeks.

Gemini has received in-principle approval from Malta’s financial regulator for an investment firm license, a key step in its European expansion. This approval aligns with Gemini’s strategy to establish a stronger European presence and offer regulated crypto services across the European Economic Area. The full license would allow Gemini to provide regulated futures and options…

The SEC and Binance have agreed to suspend their ongoing lawsuit for 60 days due to the SEC’s establishment of a crypto task force. This decision aims to potentially resolve the case more efficiently. The SEC’s new leadership under Acting Chair Uyeda is taking a different approach to crypto regulation, including downsizing a specialized unit…

The European Central Bank has introduced a regulatory framework allowing non-bank payment service providers to access central bank payment systems, improving efficiency in the payments sector. This move enables fintech firms and crypto businesses to connect directly to key infrastructures, reducing costs and improving transaction efficiency. However, strict regulatory and security requirements must be met…

Elon Musk’s consortium bid $97.4 billion to acquire OpenAI, aiming to revert the organization back to its non-profit roots. OpenAI CEO Sam Altman rejected the proposal, suggesting a counteroffer to buy Twitter. Musk’s bid, including his AI startup xAI, may complicate OpenAI’s fundraising efforts and alter its structure and strategy.