adminSolv Protocol Will Dump LayerZero, Migrate $700M Tokenized Bitcoin Tech to Ch…
In recent developments, solv Protocol will move its tokenized Bitcoin infrastructure to Chainlink, following Kelp DAO’s lead after it blamed LayerZero for a hack. Looking closer, market participants highlight key…
Bitwise Enters Tokenized Fund Market With $278M USCC Takeover
In recent developments, bitwise is entering tokenized funds by taking over USCC, a $277.8 million crypto carry fund that will keep its ticker, smart contracts, and token address. The move…
21shares Launches First US Canton Network ETF on Nasdaq
In recent developments, 21shares launched the 21shares Canton Network ETF on Nasdaq, giving U.S. investors regulated exposure to Canton Coin through a traditional investment vehicle. The product marks the first…
Coinbase Reports 8.6% Record Market Share and $200 Million Derivatives Revenue
In recent developments, coinbase reported record crypto market share as derivatives, stablecoins, and on-chain products gained traction. The company posted $202 billion in quarterly trading volume and said retail derivatives…
Bitcoin bulls target $115K by December: Does data back the expectation?
In recent developments, bitcoin options show bulls targeting $115,000 by year-end but are traders becoming overly optimistic? The development has drawn attention from traders and analysts who are evaluating potential…
California Man Gets 6½ Years as FBI Ties $250M Crypto Heists to Home Burglaries
In recent developments, a federal court has sentenced a California man to 78 months in prison for his role in a social engineering conspiracy that authorities say stole more than…
Kalshi Hits $22 Billion Valuation After Massive $1 Billion Series F Funding R…
In recent developments, the leading prediction market closed its Series F funding round, led by Coatue, to reach institutions, which are Kalshi’s next target audience. The move comes as the…
Crypto PACs spend $7.2M to support candidates in 5 US states ahead of elections
In recent developments, two affiliates of the crypto-backed PAC Fairshake reported media buys for political candidates in Georgia, Alabama, Nebraska, Kentucky and Texas this week. Looking closer, market participants highlight…
CLARITY Act markup could happen as early as next week: Coinbase exec
In recent developments, the provisions in the crypto market structure bill are still under review by the banking and crypto lobbies as a new poll shows bipartisan voter support for…
US Treasury ‘privately demanded’ Binance comply with monitoring deal: Report
In recent developments, uS Treasury officials reportedly sent a letter to Binance pressing the crypto exchange on compliance with a 2023 deal, after reports circulated that the company had facilitated…