Category: crypto

Binance Labs has invested in BIO Protocol, a blockchain-based platform revolutionizing scientific research funding. BIO Protocol operates as a decentralized incubator, allowing stakeholders to co-own and contribute to research projects. This investment will accelerate the growth of BIO Protocol’s ecosystem, democratizing scientific funding and disrupting traditional models.

The DeFi project Sky has decided to maintain its new brand identity instead of reverting to MakerDAO after a community vote. The decision to keep the Sky brand as the core protocol name was supported by 79.3% of voters. Concerns over centralized voting power among a few large entities were raised, highlighting potential centralization issues…

Coinbase CEO Brian Armstrong supports SEC Commissioner Hester Peirce to lead the agency during Trump’s second term, citing her as smart and fair. Peirce, known as “crypto mom,” has industry support and opposes unfair regulations on digital assets. Other potential candidates include Mark Uyeda, Dan Gallagher, Chris Giancarlo, Brian Brooks, and Paul Atkins.

The Ethereum Foundation released its 2024 annual report, detailing financial updates, treasury holdings, and new policies. The report highlighted a $970.2 million treasury, with $788.7 million in crypto assets. Ethereum’s ecosystem has over $22 billion in combined treasury assets. Nearly $500 million was allocated to ecosystem projects in 2022 and 2023.

Bankrupt FTX is suing Crypto.com to recover $11 million held in an account linked to its sister company, Alameda Research. FTX claims Alameda controlled the account and that Crypto.com has refused to release the funds despite court-approved documentation. FTX is also seeking to leverage claims from other affiliated companies to recover additional assets.

TRON DAO has launched TRON-Peg USD Coin on the TRON blockchain, streamlining borderless transactions. The cross-chain solution allows seamless transfers between Ethereum and TRON, with transparent and secure processes audited by ChainSecurity. TRON aims to enhance security and user value, positioning TRON-Peg USD Coin as a trusted choice worldwide.

France’s gambling regulator, the ANJ, is expected to block access to Polymarket, a crypto-based prediction platform, due to concerns over its classification as gambling under French law. Despite the platform’s popularity during the US presidential election, the ANJ is considering restrictions on the platform’s operations within France.

The iShares Bitcoin Trust ETF (IBIT) reached over $23.3 billion in net asset value in the third quarter, with 20% quarterly growth. BlackRock’s Bitcoin ETF holds 367,805 BTC worth $21.5 billion. IBIT has high investor retention, with only 0.28% of BTC sold for share redemption. IBIT saw record trading volume but also experienced outflows.

The Federal Open Market Committee (FOMC) cut the US interest rate by 25 basis points to 4.5%. Bitcoin rose by 1% to $76,644.57, Ethereum increased by 7.4% to $2,888.21, and Solana grew by 4.6% nearing $200. Tokens related to real-world assets protocols saw an 11% growth. The US equities market also saw gains before the…

DEGEN faces challenges migrating to a new service provider, Conduit, due to operational issues. Conduit allegedly caused chain downtime leading to user fund loss and decreased volume. Conduit refuses to release essential rollup keys unless a new contract is signed, causing delays. DEGEN is considering legal action to protect its ecosystem.