Centrifuge launched update V3 in collaboration with the Wormhole protocol. - The new system allows for managing tokenized assets through a single interface. - It starts with a $230 million fund from Anemoy, investing in U.S. Treasury securities. - The introduction of "full chain abstraction" simplifies interaction with blockchain infrastructure. - Wormhole ensures asset compatibility for DeFi and institutional platforms.
The blockchain project Babylon has launched its "Genesis" network, which serves as a layer-1 for BTC staking.
- Genesis allows BTC holders to earn income by providing security and liquidity for proof-of-stake networks. - Staking BTC and the BABY token will yield equal rewards. - Since the launch of Babylon, more than 57,000 BTC ($4.6 billion) has been staked.
The firm Andreessen Horowitz (a16z) stated that stablecoins and blockchain payments are transforming international money transfers, similar to how WhatsApp changed international calls. Asset-backed stablecoins, such as those tied to the US dollar, reduce the cost of transfers and speed them up. However, regulators are actively working on creating rules for their integration into the financial system.
Ukraine considers the taxation of cryptocurrencies as personal income, according to the proposed tax matrix. The head of the National Securities and Stock Market Commission, Ruslan Magomedov, noted that an effective tax policy is necessary to prevent financial abuses and to integrate into the global market. A rate of 18% plus a 5% military tax is proposed.
London-based blockchain startup, Wunder.Social, raised $50 million in a funding round led by Rollman Management. The project uses blockchain to verify users and shares advertising revenue. Former TikTok marketing head, Ryan Martin, has joined the team as Chief Marketing Officer. The token launch is scheduled for the end of the month.
Binance has announced the launch of LDUSDT, a new margin asset with reward accrual. Users will be able to exchange tether (USDT) for LDUSDT through the Simple Earn Flexible Product and use it for futures trading. LDUSDT is not a stablecoin, but it offers the opportunity to earn income with an annual yield of around 1.5%, updated every minute.
Cryptocurrency exchange Kraken partners with Mastercard to provide cryptocurrency holders in the UK and Europe the ability to spend digital assets at over 150 million merchants worldwide.
Kraken will offer physical and digital debit cards, allowing the use of cryptocurrencies and stablecoins in everyday transactions.
The initiative aims to bridge the gap between the crypto economy and traditional spending.
The DAO governing Aavegotchi voted to move the ecosystem from Polygon to Base, reflecting changes in developer and user preferences in the Ethereum layer-2 space.
With 93.25% of votes in favor, all NFTs, game assets, and smart contracts of Aavegotchi will be cloned and relaunched on Base.
The migration is driven by a decrease in the use of Polygon and an increase in the popularity of Base. Completion is expected within 4-6 weeks.
Rootstock, one of the oldest projects in the Bitcoin ecosystem, is preparing to release an SDK for developing second-level networks using BitVMX. BitVMX, a modified version of the BitVM language, allows for the creation of Ethereum-style smart contracts on Bitcoin, enhancing scalability. RootstockLabs and Fairgate have joined forces to expand Bitcoin's capabilities through BitVMX, which could increase competition and adoption.
Ripple announced the acquisition of the brokerage firm Hidden Road for $1.25 billion, which became one of the largest deals in the digital asset industry. Hidden Road serves more than 300 institutional clients and conducts transactions totaling over $3 trillion annually. Ripple plans to use its solutions to bridge traditional finance and cryptocurrencies, as well as strengthen its position in the stablecoin sector.
The Plume blockchain platform has attracted investments from Apollo Global Management funds to expand its infrastructure and integrate traditional financial products into the blockchain. Plume is developing a modular blockchain system compatible with Ethereum for the tokenization of real assets. The investments will help accelerate the development of an ecosystem supporting over 18 million crypto wallets and 200 protocols.
The CoinDesk 20 Index shows an increase of 2.5%, reaching a mark of 2309.92. Out of 20 assets, 19 are trading in the positive. Top gainers: HBAR with an increase of 8.6% and APT with a gain of 5.6%. The least successful assets: FIL unchanged and AAVE with a growth of 1.4%. The index covers a wide range of assets and is traded on various platforms worldwide.
The CoinDesk 20 Index fell by 13.5% and stands at 2173.26 points. None of the 20 assets showed growth. The biggest losers: BTC (-8.4%) and ICP (-11.0%). The underperformers: LTC (-19.7%) and SUI (-18.5%). The index reflects the dynamics of cryptocurrencies on various platforms around the world.
The South Korean National Pension Service (NPS), managing assets worth 1.224 trillion won ($836 billion), is considering the use of blockchain in its transaction systems.
- Goal: to increase transparency and security in fund management. - Preliminary disclosure and consultations with experts are planned. - The study will assess the feasibility of implementing blockchain in the fund's accounting system.
PayPal has added Chainlink (LINK) and Solana (SOL) to its list of supported cryptocurrencies. PayPal and Venmo users can now buy, hold, sell, and transfer these tokens.
The company continues to expand its presence in the crypto space, having started support for cryptocurrencies in 2020. The new tokens will be available to users in the US in the coming weeks.