Category: crypto

Tron founder Justin Sun announced the integration of Chainlink’s oracle services, which will benefit both networks in the stablecoin and real-world asset sector. Tron will cover initial operating costs for the integration, gradually shifting them to dApp users. Chainlink’s data feed will provide reliable pricing data for Tron’s DeFi platforms.

FTX CEO John J. Ray III is urging the court to keep former engineering director Nishad Singh out of prison to maximize asset recovery for the exchange’s creditors. Singh’s cooperation has been crucial in providing information and locating funds. His assistance has been acknowledged in the case against FTX’s former CEO, Sam Bankman-Fried.

Kraken announced layoffs as part of organizational changes to streamline operations and refocus its mission. Arjun Sethi was appointed co-CEO. The layoffs impacted 15% of the workforce. The restructuring aims to reduce bureaucracy, enhance product innovation, and improve decision-making. Despite the layoffs, Kraken remains committed to driving global crypto adoption.

Nishad Singh, former engineering director at FTX exchange, was sentenced to time served and supervised release for misappropriating funds and violating campaign finance laws. Judge acknowledged FTX collapse as one of the largest financial scandals in US history but noted Singh’s limited role. Singh’s cooperation has been crucial in ongoing case against FTX founder and…

The US Treasury Department highlighted the potential benefits and risks of tokenization and stablecoins in the Treasury market. Tokenization could improve efficiency and access for investors, while stablecoins increase liquidity but pose de-pegging risks. The report recommends regulating stablecoins to prevent potential disruptions in the market.

Canary Capital filed for a US-based spot Solana ETF with the SEC, aiming to provide exposure to SOL price. The firm also applied for ETFs based on Litecoin and XRP. The move aligns with growing investor demand for regulated digital asset funds. The SEC’s approval of spot Bitcoin and Ethereum ETFs has sparked speculation on…

NYSE Arca has filed an application with the SEC to list a Grayscale exchange-traded fund (ETF) featuring a diverse array of cryptocurrencies. The Grayscale Digital Large Cap Fund includes popular cryptocurrencies like Bitcoin, Ethereum, and Solana. The proposal aims to provide investors with a more inclusive alternative to traditional Bitcoin or Ether-focused ETFs. If approved,…

Starknet, the Ethereum layer-2 network, achieved a new milestone with a peak of 857 transactions per second (TPS) on its Mainnet. This record was set during a stress test involving a game called “Flippy Flop” and highlighted the potential for mass adoption of L2 solutions while maintaining decentralization values. Despite its technical strengths, Starknet lags…

BlackRock’s iShares Bitcoin Trust ETF (IBIT) has become the fastest-growing ETF in history, surpassing $30 billion in assets in just 293 days. The success of IBIT reflects a surge in institutional demand for Bitcoin, with other leading funds also experiencing strong interest, according to Bloomberg data and industry experts.

Celestia’s native token, TIA, is undergoing a significant unlock event adding 175 million tokens to circulation, doubling the supply. This rewards early contributors and investors. Token locking is common in crypto to stabilize prices. While potential sell pressure is estimated at $900 million, actual impact may be lower due to strategic hedging.