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Blockchain News
Pi Network Coin Supply Reduced Due to Network Mechanisms
Summary
Pi Network experienced a reduction in its coin supply to 6.99 billion, prompting community speculation about a coin burn.
The reduced supply is likely due to standard…
Ethereum dominates stablecoins as USDC and USDT add $850 billion in circulation.
Summary
Ethereum remains the premier blockchain for stablecoin transactions, holding substantial reserves of USDC and USDT and demonstrating continued leadership in digital dollar…
SEC Weighs Commodity Status for XRP in Ripple Settlement Discussions
Summary
SEC Considers Reclassifying XRP as a Commodity: In ongoing settlement discussions with Ripple, the SEC is reportedly evaluating reclassifying XRP as a commodity, potentially…
Abu Dhabi Firm MGX Invests $2 Billion in Binance Exchange
Summary
Abu Dhabi's MGX invests $2 billion in Binance. The technology investment firm acquired a minority stake, marking Binance's first institutional investment.
The UAE's…
Maker [MKR] Navigates Price Swings
Summary
Maker (MKR) is currently testing the $1,300 support level, a region where significant investor accumulation has previously occurred. The ability of this level to hold will…
Solana Eyes Mainstream Finance as ETF Approval Sets
Summary
Solana is battling a "meme coin" image problem that overshadows its powerful blockchain tech.
A Solana ETF approval is imminent, promising to inject serious institutional…
Blockchain Association Wants Congress to Eliminate the IRS Defi Regulation
The Blockchain Association and 75 firms are urging Congress to repeal an IRS law that deems DeFi software as brokers. They claim that the law requires needless data collection and may push…
Tradfi Will Stay Away Till Defi Is Controlled
Traditional finance is careful about Decentralized finance, but there are chances to work together.
Summary
Traditional finance institutions are increasingly interested in crypto and its…
Coinbase buys Spindl to improve advertising on the blockchain and grow the base ecosystem
The acquisition is a component of Coinbase's overarching initiative to enhance onchain discovery and equip developers with the necessary resources to expand their audience.
Exchange of…
Swiss bank UBS is currently conducting blockchain testing for digital gold investments on ZKsync
UBS is utilizing ZKsync to test blockchain technology for digital gold trading, with the objective of improving the security, scalability, and accessibility of the process for retail…