MakerDAO Community Concerns Over the New Control of WBTC
TL;DR BitGo plans to transfer control of Wrapped Bitcoin (WBTC) to a joint venture with BiT Global, involving Justin Sun and the Tron ecosystem. MakerDAO...
Cardano (ADA) Records 2.5% Inflation, the Lowest Among Major Cryptocurrencies
by guido
TL;DR Cardano (ADA) has recorded an inflation rate of 2.5% over the past year, significantly lower than that of Avalanche (AVAX), Polkadot (DOT), and Ethereum...
Pump.fun Introduces Reward System for Meme Coin Creators
by jose
TL;DR Pump.fun eliminates launch fees and introduces rewards: The platform now allows users to launch meme coins for free and rewards successful token creators with...
Metaplanet Secures ¥1 Billion Loan to Expand Bitcoin Strategy
by fernando
TL;DR Metaplanet has secured a ¥1 billion loan to increase its Bitcoin investments. The company plans to use $58 million from a stock offering to...
Tether Plans Workforce Expansion to Boost Compliance and Financial Strength
by fernando
TL;DR Tether plans to double its workforce to strengthen its compliance and finance areas. The company generates significant profits with a small workforce and is...
Gyroscope Launches Yield-Generating Stablecoin to Attract DAO Treasuries
by jose
TL;DR Gyroscope’s New Stablecoin: Gyroscope has launched “Savings GYD” (sGYD), a yield-generating stablecoin backed by Galaxy, offering DAOs an annualized yield of 12%-15%. Revenue and...
Why MicroStrategy Didn’t Buy Bitcoin at $50K
by guido
TL;DR Michael Saylor, co-founder of MicroStrategy, explained that his company follows a quarterly Bitcoin acquisition strategy, without reacting to short-term price fluctuations. Despite Bitcoin’s recent...
Robinhood Sees 40% Revenue Growth in Q2
by fernando
TL;DR Robinhood reported a 40% increase in revenue to $682 million, thanks to a resurgence of meme stocks and interest in cryptocurrencies. The company acquired...
Landmark Ruling Marks Victory for Ripple and the Future of Cryptocurrencies
by fernando
TL;DR A federal judge has ruled that XRP is not a security, handing a partial victory to Ripple. Ripple’s fine was reduced to $125 million,...
Movements of Ethereum Linked to the PlusToken Ponzi Scheme Spark Sell Pressure Concerns in the Market
by guido
TL;DR Large amounts of Ethereum (ETH) linked to the PlusToken Ponzi scheme, around 2,800 ETH, have been transferred from inactive wallets to a single wallet....