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#StripeStablecoinAccounts LINE NEXT and Kaia have teamed up with Tether to bring USDT to Kaia’s blockchain, enabling 196 million LINE users across Asia to access stablecoin payments, transfers, and DeFi services directly within LINE Messenger. Stablecoin Adoption Expands in Asia as LINE NEXT Integrates USDT Tether’s USDT is now live on the Kaia blockchain, thanks to a new collaboration between LINE NEXT and Kaia that’s poised to reshape stablecoin accessibility across Asia. According to the announcement, this strategic move embeds USDT into LINE Messenger’s expanding web3 ecosystem, enabling 196 million monthly users to engage in digital transactions without leaving the app.
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#BTCBreaks99K A recent statement from the Bitcoin Core team revealed that the controversial change to lift the current guardrails on OP_RETURN restrictions will be implemented in the next version. The statement explains that the decision was made because it aligns with the current bitcoin ethos. Bitcoin Core Decides to Lift OP_RETURN Guardrails Even After Controversy The Bitcoin Core team has decided to move ahead with one of the most controversial changes proposed in years. According to a statement prepared by developer Gregory Sanders, made in the name of the whole Bitcoin Core team, the next version of the node software will “by default, relay and mine transactions whose OP_RETURN outputs exceed 80 bytes and allow any number of these outputs.”
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$BTC New Hampshire has ignited a financial revolution by becoming the first U.S. state to greenlight strategic bitcoin investments, unlocking public treasury access to top-tier digital assets. State Treasury Gets Green Light to Invest in Bitcoin Under Groundbreaking Law The U.S. state of New Hampshire has become the first in the nation to authorize the creation of a strategic bitcoin reserve, following the enactment of House Bill 302 into law. Signed by Governor Kelly Ayotte on May 6, the legislation allows the state to invest public funds in bitcoin and other high-cap digital assets. The initiative is based on a policy model developed by the nonprofit Satoshi Action Fund and is intended to protect taxpayer money, diversify the state’s reserves, and modernize its fiscal strategy. The law also includes provisions to ensure secure asset custody and limits digital asset exposure to 5% of total state funds. Governor Ayotte announced the signing on social media platform X, stating:
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$USDC Stablecoin Concentration Around a Single Currency Presents Risks The stablecoin market has been overwhelmingly dominated by USD-pegged tokens, reflecting the global financial system’s reliance on the U.S. dollar. However, while stablecoins provide a crucial link between traditional finance and crypto, some analysts argue that this heavy concentration around a single fiat currency presents risks—especially if regulatory or macroeconomic factors impact the dollar’s stability. These concerns were also recently voiced by a Chinese economist, Zhang Ming, who cited the use of dollar-pegged stablecoins in decentralized finance (DeFi) as one example of how stablecoins are extending the dollar’s hegemony. To counter this, Ming urged the Chinese government to issue its own stablecoin as well as expanding use of the digital yuan on e-commerce platforms.
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#Write2Earn Unfair trading practices like MEV, slippage, and front-running have long plagued decentralized exchanges, eroding both profits and the core principles of fairness. David Wells suggests that traders can spot these problems by watching for unusually high slippage, trade executions at worse-than-expected prices, and the “sandwiching” of transactions. Watch Out for MEV, Front-Running, Traders Told For years, the promise of decentralized finance (DeFi) has been somewhat tarnished by the persistent specter of unfair trading practices. Crypto traders on decentralized exchanges (DEXes) have frequently voiced concerns about an uneven playing field, plagued by irregularities like Maximum Extractable Value (MEV), unexpected slippage, and the insidious practice of front-running. As a Feb. 13, 2024, op-ed in Bitcoin.com News explains, irregularities like MEV, when toxic, pose an existential threat to the blockchain industry. This is because such irregularities not only erode profitability but also undermine the very principles of transparency and fairness that DeFi aims to uphold. To overcome these and other associated challenges, crypto traders must rely on experienced professionals or learn ways to decode red flags themselves. For traders choosing the latter option, David Wells, CEO of Enclave Markets, a firm focused on creating fairer trading environments, encourages them to understand on-chain activity. Wells points to several key warning signs that should raise alarm bells. “Traders should look for several warning signs that indicate MEV and front-running issues. First, consistently experiencing price slippage beyond what market volatility would justify is a major red flag,” the CEO states. Traders should also monitor transaction timing for signs of front-running, where trades execute at worse prices than expected. If this constantly happens, that is “often evidence of front-running.” Additionally, traders must check the blockchain for sandwich attacks by analyzing transactions immediately before and after theirs.
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