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OKX Launches $100 Million Ecosystem Fund for X Layer
OKX has unveiled a $100 million ecosystem fund to accelerate the adoption of its X Layer chain, aiming to support builders across DeFi, payments, real-world assets (RWAs), and beyond. X Layer Ecosystem Fund to Back Global Onchain Builders…
Former PBOC Chief Warns Stablecoins May Threaten Financial Stability in China
A former governor of the People’s Bank of China warned against calls for the Chinese government to allow yuan‑based stablecoins, citing potential risks to financial stability. Geopolitical Context and U.S. Stablecoin Bills The former…
Block’s Jack Dorsey Endorses Bitcoin’s Primary Purpose: Payments
Jack Dorsey, chairman and co‑founder of Block, reaffirmed his support for what he considers bitcoin’s primary function: payments. On social media, he liked a post that describes bitcoin as electronic cash for completing peer‑to‑peer…
DeFi Development Corp. Bolsters Treasury With $77 Million Solana Purchase
DeFi Development Corp. disclosed it has purchased $77 million worth of solana ( SOL) using proceeds from a recent equity financing round. Public Company DeFi Dev Corp. Now Holds $371M in Solana On Thursday, DeFi Development Corp. (Nasdaq:…
Crypto Controversy: Crypto Sleuth ZachXBT’s XRP Accusations Prompt Claims of Personal Grudge Against…
On Aug. 28, crypto investigator ZachXBT sparked a controversy by accusing XRP holders of being “exit liquidity” for insiders. His claim prompted counter-allegations from a researcher that ZachXBT’s hostility stems from a rejected offer to…
Mastercard, Circle Partner to Expand Stablecoin Settlement Across the EEMEA Region
Mastercard and Circle have expanded their partnership to enable settlement in USDC and EURC stablecoins for acquiring institutions across Eastern Europe, the Middle East, and Africa. Adoption by Key Acquirers Mastercard and Circle have…
Ripple and Circle Back Tazapay in Series B to Power Global Payment Infrastructure
Tazapay, a cross-border payments infrastructure platform, has secured strategic backing from Ripple and Circle Ventures in its Series B funding round led by Peak XV Partners. Funding to Fuel Global Expansion Ripple and Circle Ventures were…
Metaplanet to Expand Bitcoin Treasury With $881 Million Capital Raise
Metaplanet will raise $881 million (¥130.3 billion) through an international share sale, using most of the proceeds to buy bitcoin. The move would expand its BTC holdings by $837 million and strengthen its position as Japan’s leading…
Monero Accelerates FCMP Upgrade After Qubic’s 51% Attack Attempt
After concerns arose regarding a potential 51% attack by the Qubic mining pool, Monero announced on August 26 that the development of its Full-Chain Membership Proofs (FCMP) upgrade is advancing quickly, with a testnet launch expected soon.…
Bitcoin Critic Schiff Warns of Further Decline After BTC Falls Below $109K
Economist and longtime Bitcoin critic Peter Schiff has warned that BTC’s recent 13% drop to under $109,000 signals deeper weakness. Market Context and Recent Price Action Economist and bitcoin critic Peter Schiff has said the top…