The Commodity Futures Trading Commission (CFTC) has launched a new initiative. It will allow tokenized collateral, including stablecoins, in U.S. derivatives markets. The plan builds on the CFTC’s Crypto CEO Forum held earlier this year. It also aligns with recommendations from the President’s Working Group on Digital Asset Markets. Industry Leaders Back CFTC’s Stablecoin Collateral […]
A crypto asset manager has proposed a 45% supply reduction for Hyperliquid in a bid to boost scarcity. This coincides with a crypto analyst projecting that the HYPE price could hit triple digits before the end of the year. Hyperliquid Faces Bold Proposal to Cut HYPE Supply DBA Asset Management has put forward a plan […]
PayPal has invested in Stable, a stablecoin-focused blockchain. The move is the latest step by the payment settlement company in further exploring the digital asset space. The move allows PayPal’s own stablecoin, PayPal USD (PYUSD), to be used on Stable’s network for payments and financial transactions. PayPal Ventures Fuels Stable to Boost PYUSD Adoption According […]
In a major Solana news today, Nasdaq-listed DeFi Development Corp (DFDV) and Solana-based liquid staking platform Fragmetric Labs will launch the first Solana treasury in South Korea. The companies are to jointly acquire a publicly listed Korean company to establish Solana treasury, as per people familiar with the matter. Solana News: DeFi Development and Fragmetric […]
XRP is once again in the spotlight after two prominent analysts outlined bullish projections for the token. The two analysts noted that technical signals suggest that the price could rise higher than the current price provided the factors sustaining the uptrend remains intact. Analysts Highlight Bullish Technical Signals for XRP Breakout Trader Javon Marks posted […]
According to Flare Network, there’s now a stablecoin backed with XRP running on Enosys Liquity V2. The announcement coincides with a new milestone for the XRP Ledger. Enosys Brings Liquity V2 to Flare, Unlocking XRP Stablecoin The upgrade results in increased liquidity of XRP on the blockchain and expands its utility in the decentralized finance […]
Pudgy Penguins’ newly launched Pudgy Party game has surpassed 750,000 downloads within weeks of release. A well-known cryptocurrency analyst has predicted a 400% bull rally for PENGU as a result of this. Pudgy Party Breaks Records in Web3 Gaming Pudgy Party’s mobile game, developed by Mythical Games in partnership with Pudgy Penguins, has surpassed 750,000 […]
Grayscale Investments has secured approval to begin trading on NYSE Arca tomorrow. Also, the fund will be traded under a new name called Grayscale CoinDesk Crypto 5 ETF. Grayscale Converts $GDLC Trust Into CoinDesk Crypto 5 ETF on NYSE The ETF, formerly known as the Grayscale Digital Large Cap Fund ($GDLC), will hold a basket […]
A prominent analyst has projected that XRP could climb as high as $6 by November. This comes after Ripple CEO hinted that the U.S. government would adopt the token in its strategic crypto stockpile. Analyst Sees XRP Doubling by November Prominent crypto analyst EGRAG Crypto has predicted that the altcoin may surge toward the $6–$7 […]
Forward Industries has unveiled a $4 billion capital program aimed at scaling its Solana treasury. The announcement comes as analysts flag bullish technical setups that may push SOL toward the $500 mark. Forward Industries Reveals Program To Boost SOL Holdings In a recent press release, Forward Industries, Inc. disclosed it has filed a $4 billion […]