Ripple, a prominent player in the blockchain and crypto sector, has forged a strategic alliance with HashKey DX, the consulting arm of HashKey Group based in Tokyo. This partnership aims to introduce innovative solutions powered by the XRP Ledger (XRPL) to the Japanese market. Leveraging this partnership, HashKey DX will
After Bitcoin ETFs were introduced in Hong Kong today, BTC had a little 2% recovery, going beyond $63,300. The latest on-chain data, however, shows that Bitcoin miners are increasingly liquidating their holdings. A large amount of Bitcoin has been moved from miners to spot exchanges, according to Cryptoquant, an on-chain
In response to the SEC’s demand that Terraform Labs and its co-founder Do Kwon pay $5.3 billion in disgorgement and civil penalties, the company’s legal team has submitted a motion in opposition to the request. After a jury found Terraform and Kwon guilty of fraud, their defense team requested a
According to CoinShares’ reporting, crypto investment products had a $435 million outflow for the week ending April 26. As the price of Bitcoin is stuck around the low $60,000 level, crypto exchange-traded products (ETPs) have seen withdrawals for three weeks in a row. With $423 million leaving the market after
Ethereum-based restaking protocol EigenLayer unveiled the 43-paged whitepaper of its upcoming token EIGEN on Monday, confirming the airdrop and introducing the new mechanisms — “intersubjective” forking and staking. Launching EIGEN token’s prime purpose is to uphold the ecosystem’s Actively Validated Services (AVSs) security. Significantly, the unique and complex mechanisms are
Last week, there was a notable divergence in Bitcoin Exchange-Traded Funds (ETFs) fortunes, as observed in both the United States and Hong Kong markets. In the United States, the trend of negative net inflow continues to persist, marking a challenging period for Bitcoin ETFs. Data reveals that the net inflow
Coinbase, a leading cryptocurrency exchange based in the US, has unveiled plans to include QCAD on its platform. This move aligns with Coinbase’s strategy to diversify its asset offerings, presenting users with a broader range of trading choices. Notably, QCAD stands out from previously listed altcoins as it is a
As the biggest decentralized finance (DeFi) protocol, Lido Finance has achieved one million Ethereum validators. The most liquid staking protocol on Ethereum, Lido Finance, revealed the milestone in a X post on April 29th. Staking becomes more accessible for retail customers with low funds using liquid staking protocols such as
Interestingly, USD Coin (USDC) from Circle has surpassed the biggest stablecoin in the world Tether (USDT), in terms of stablecoin transactions. In April 2024, the number of USDC transactions surpassed USDT’s monthly total, at 166.6 million, according to on-chain analytics provided by payments behemoth Visa. Since the year 2023 came
In its pursuit of expanding its crypto footprint, financial service provider Stripe has signed a strategic relationship with blockchain network Avalanche. Taking to X, Avalanche announced the major integration with Stripe, saying that the popular payment platform now allows customers to buy AVAX directly. Importantly, these users may finish their
