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According to BusinessWire, SoFi Technologies launched its SoFiUSD stablecoin yesterday (June 3) within its mobile app, making it the first U.S. national bank to embed its own stablecoin directly in a banking application. The stablecoin is now available to approximately 14.7 million members for
Bitcoin (BTC) continues to weaken and fall, temporarily around $62,900. Bitmine follows Strategy’s financing model by issuing preferred shares with an annual dividend yield of 9.5%. In May, the number of monthly crypto VC deals dropped to about 50, the lowest level since before 2021. Macro Events & Crypto Market Hotspots 1、According to a CoinDesk report, Bitmine, an Ethereum treasury company owned by Tom Lee, is now emulating Strategy’s financing model by issuing preferred shares to seek new sou
Grayscale's Head of Research Zach Pandl stated on The XRP Pod that XRP spot ETFs could absorb approximately 5-6% of the circulating supply if institutional adoption follows patterns seen with Bitcoin and Ethereum ETFs. The prediction is based on the ETF custody mechanism, where issuers must
SG-FORGE, the digital asset subsidiary of Société Générale, expanded its euro-backed stablecoin EURCV across multiple public blockchains including the XRP Ledger, Ethereum, Stellar, and Solana. The bank is pursuing a multi-chain strategy that prioritizes flexibility, resilience, and
According to ChainCatcher, edgeX's EDGE token plunged from $1.12 to approximately $0.32 in roughly 1 hour due to concentrated selling during a low-liquidity period, compounded by high-leverage long liquidations and coordinated CEX activity. The platform confirmed its team addresses remained
According to Strive's Jeff Walton, the investment firm is raising approximately $8.1 million daily. If the capital is deployed to increase Bitcoin holdings at current prices, Strive plans to acquire roughly 175,000 BTC through a $15.5 billion SATA token issuance, bringing its total Bitcoin holdings
Strategy Inc. (MSTR) sold 32 Bitcoins at an average price of $77,135 during May 26 to 31, and the proceeds were used to pay STRC preferred stock dividends. Ledn CEO and co-founder Adam Reeds said the sale hit a core issue for each Bitcoin custodian company: “When you need cash, should you sell the asset you want to hold most, or use it as collateral to borrow against it.”
According to monitoring by PeckShield, the collateralized stablecoin sUSDat, 100% supported by STRC (Strategy Digital Credit Assets), briefly fell to below $0.93 on June 3, before rebounding to $0.98. PeckShield noted that this volatility occurred after Strategy symbolically broke its “never sell” principle. Strategy Sold 32 BTC: Confirmed Average Price, Amount, and Proportion The BTC sale data confirmed by Strategy during the reporting period are as follows: Amount Sold: 32 BTC Average Price: a
According to RootData, the DeFi app HOME will unlock approximately 75 million tokens valued at $36.91 million on June 10 at 00:00 UTC+8, according to the Web3 asset data platform's token unlock data.
According to ChainCatcher, o1.exchange's token generation event (TGE) probability on Polymarket reached 90% as of today, with 24-hour gains of 29%. The platform's founder Jerry Pan announced on X that o1.exchange's whitepaper has been released, confirming the TGE is scheduled for
According to edgeX and on-chain investigator ZachXBT, the EDGE token fell 45% to $0.6474 on Tuesday (reaching an intraday low of $0.3663, down roughly 70% at session low). The decentralized exchange blamed the collapse on "deliberate" market manipulation by an unnamed external party and said its
According to Ripple's official announcement on June 2, the blockchain payment firm launched its RLUSD stablecoin in Turkey through partnerships with BiLira, Bitexen, and Bitlo, making the dollar-pegged asset available to Turkish institutional investors.
The move marks a significant milestone for RL
MoneyGram launched MGUSD on June 2, a U.S. dollar stablecoin that integrates into its global payments network through a self-custodial wallet in the MoneyGram app. The token issues natively on the Stellar blockchain and enables customers to hold, move, and convert dollar-denominated balances into lo
MoneyGram launched MGUSD on June 2, a native U.S. dollar stablecoin that integrates directly into the MoneyGram app through a self-custodial wallet. The token issues natively on the Stellar blockchain, giving customers a dollar-denominated balance they can hold, move and convert into local
MoneyGram launched MGUSD, a U.S. dollar-pegged stablecoin built on the Stellar blockchain, on June 2, marking the company's entry into proprietary digital currency infrastructure. The stablecoin is designed to support international remittances and cross-border business transactions across MoneyGram'
This change comes after Telegram assumed the role of network principal driver and biggest validator in May, replacing the TON Foundation.
Almost 1.8 million TON, or around 80%, have already committed to supporting the branding as of this writing.
The original white paper for The Open Network’s