Category: Latest news

[ad_1] The OKX exchange has proposed extending the BRC-20 Bitcoin standard by implementing a new mechanism called BRC-30. Under the BRC-30 standard, staking-related features, such as staking pools and rewards, will become available on the Bitcoin network for the first time. “By introducing BRC-30, users can stake their own BRC-20 tokens or Bitcoin and receive…

[ad_1] Quick Take The U.S. House of Representatives passed the Debt Ceiling Bill on June 1. This provision will enable the U.S. government to continue spending indefinitely until January 2025. The total federal debt is projected to increase to $36 trillion from $31 trillion, per The Kobessi Letter. In the short term, cryptocurrencies may encounter…

[ad_1] Daily trade volume from centralized exchanges (CEX) has sunk to lows last seen in late 2020, per data from Kaiko. Crypto sentiment The chart below shows a pattern of declining CEX trade volume tops from May 2021 onwards. This year saw a double top at $100 billion around April. Since then, CEX trading volume…

[ad_1] A poll of Uniswap’s governance community on June 1 found divided support for a feature that could eventually draw fees from liquidity providers. Poll finds mixed support On May 10, GFX Labs published a proposal titled “Making Protocol Fees Operational,” which suggests collecting fees from liquidity providers for a project treasury. On June 1,…

[ad_1] Circle said on June 1 that it will soon launch a native version of its USD Coin (USDC) stablecoin on the Arbitrum blockchain. The new version of USDC will be “native to Arbitrum” and added that this asset will be considered Arbitrum’s official version of USDC, according to Circle. The new token will launch…

[ad_1] The Federal Reserve Board said June 1 that it issued a consent order to the crypto-friendly bank Silvergate, instructing it to wind down operations. Must protect depositors Silvergate Capital Corporation and Silvergate Bank must submit a shutdown plan to supervising agencies within ten days of the June 1 order. Silvergate must then adopt its…

[ad_1] New facts and evidence concerning Elon Musk’s crypto trading and promotional activity were highlighted in an amended legal case on May 31. The latest filing brings forward new evidence of Musk’s alleged market manipulation. Twitter logo stunt highlighted Plaintiffs note in the filing that Musk briefly replaced Twitter’s bird logo with the Dogecoin logo.…

[ad_1] In an escalating battle for market share in the AI sector, Google and Microsoft have made new strategic startup investments as they vie for dominance. Google invests in Runway The Information reported June 1 that Google had invested in Runway, an AI startup acclaimed for its text-to-video tool, as part of a $100 million…

[ad_1] Crypto.com said June 1 that it has secured a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS), the country’s chief financial regulatory body. This regulatory approval follows an “in-principle” approval granted to the firm by MAS in June 2022. The new license permits Crypto.com…

[ad_1] Quick Take Demand for downside protection on Bitcoin is growing, according to Swissblock. The put-to-call ratio is signaling that investors are hedging to the downside. Swissblock reiterates that the uncertainty is getting louder due to many macro factors, such as the debt ceiling drama continuing, China data being bearish, and a potential for more…