Category: crypto

XRPL developers have released a server update to address a recent network outage that disrupted node operations. The issue was caused by a missing ledger, impacting various node types. The update aims to prevent similar problems in the future and includes enhancements such as Multi-Purpose Tokens and Clawback support for AMMs.

The Financial Conduct Authority (FCA) in the UK reported that crypto ownership among adults has increased to 12%, with awareness reaching 93%. The average value of holdings rose to £1,842 per person. The FCA is working on a regulatory framework for digital assets, aiming to foster transparency and consumer trust.

US Bitcoin mining operations are facing delays due to CBP holding Bitmain Antminer shipments at ports. The detained equipment includes essential ASICs, causing delays of up to two months and holding fees exceeding $200,000. The CBP is reportedly acting at the request of the FCC due to national security concerns related to Bitmain’s ties to…

WisdomTree has filed for a trust entity in Delaware to launch an XRP-focused ETF, expanding institutional access to digital assets. XRP’s price reacted positively, up almost 7% to $1.47. Regulatory hurdles remain due to Ripple’s legal dispute with the SEC. Other firms are also seeking approval for crypto ETFs to meet institutional demand.

The crypto market hit a new all-time high of nearly $3.5 trillion, led by Bitcoin due to institutional capital influx. Altcoins excluding Ethereum also reached a three-year high. Bitcoin peaked at $99,334 before a slight drop to $95,611. Institutional demand has absorbed selling pressure, but a correction is expected.

Solana-based memecoin launchpad Pump.fun has indefinitely paused its live stream feature due to inappropriate activity on the platform. The team has doubled human moderators, invested in automated moderation systems, and plans to bring back the feature once the infrastructure is ready. The platform has faced backlash for extreme challenges by creators.

Cookie DAO has launched Cookie.fun, a platform that tracks AI agents’ performance in real-time across blockchain and social media. It provides investors with metrics to evaluate these agents, including market capitalization, social engagement, and token holder growth. The platform aims to bring transparency and credibility to the fast-growing AI agent ecosystem.

Justin Sun’s Tron network has invested $30 million in the Trump family-backed World Liberty Financial Stablecoins. This makes Sun the largest investor in the platform, which aims to promote the mass adoption of US dollar-pegged stablecoins.

Pump.fun, a decentralized memecoin platform on Solana, is seeing a surge in NSFW content as creators incorporate adult themes into their tokens. The platform allows easy creation and trading of memecoins without coding skills. Creators engage audiences with live-streamed challenges tied to token investments, resembling models like OnlyFans. Regulatory and ethical considerations arise with the…

Ripple has partnered with UK firms Archax and Abrdn to launch the first tokenized money market fund on the XRPL. This initiative involves managing a fund as part of Abrdn’s USD Liquidity Fund, with Ripple investing $5 million. The XRPL network is gaining traction in tokenizing real-world assets, showcasing growing institutional interest in blockchain solutions.