PancakeSwap Infinity DEX has just launched on Base, bringing its advanced DeFi features to the Ethereum L2 as PancakeSwap’s CAKE token price tests key resistance, eyeing $4. Summary PancakeSwap Infinity launched on Base chain, bringing its advanced features and gas optimizations to the Layer 2 network. Rollout on Base follows Infinity’s recent launch on BNB…
Tether, the world’s largest stablecoin issuer, is preparing to expand its U.S. presence following the recent signing of landmark crypto legislation by President Trump. Summary Tether plans U.S. expansion focused on institutional payments and trading. A U.S.-specific stablecoin may launch under the new GENIUS Act framework. The company will remain private and continue to grow…
In a sudden turn of events, non-fungible token giant Yuga Labs has lost a $9 million judgment after a U.S. appeals court ordered a trial in its lawsuit against the creators of a contested NFT collection accused of copying Bored Ape Yacht Club. Summary U.S. appeals court has overturned a $9 million judgment against the…
PUMP, the native token of meme coin launchpad Pump.fun, fell sharply on Thursday, July 24 after its founder said an airdrop was not coming soon and legal challenges intensified. Summary PUMP has dropped 52% since its July 16 peak amid fading airdrop hype. Founder confirms the airdrop is still planned, but not happening soon. Legal…
The White House’s crypto policy report is set to drop on July 30, and it could either ignite a new era of U.S. blockchain dominance or deepen the industry’s regulatory quagmire. With whispers of a Bitcoin reserve and Fed access for crypto firms, the stakes are nothing short of financial revolution or ruin. Summary The…
Cango Inc., a publicly traded company listed on the New York Stock Exchange, has completed its transformation into a Bitcoin miner. Summary Cango Inc., founded in 2010 in China, is listed on the NYSE. The company previously operated an automotive business, but announced a pivot to Bitcoin mining in November 2024. Cango holds over 4,000…
What happens when $260 billion in stablecoins start moving through banks, buying Treasuries, and bypassing traditional financial infrastructure altogether? Summary The U.S. passed the GENIUS Act, formally recognizing dollar-backed stablecoins and introducing clear federal rules for licensed issuers and reserve backing. Banks and corporations are entering the space, with JPMorgan, Citigroup, Amazon, and Walmart actively…
Aave has reserves of Ethereum, and they’re thinning fast. The culprit, according to Marc Zeller, a contributor on Aave, is Justin Sun. Why? Unpredictable outflows are straining the protocol’s stability with little regard for the broader impact—and there’s little anyone can do to stop it. Summary Aave saw over $1.7 billion in ETH withdrawals this…
Zodia Custody, a digital assets custody platform backed by Standard Chartered, has joined the Global Markets Alliance, an initiative by Ondo Finance aimed at promoting interoperability across the tokenized assets market. Summary Ondo Finance announced Zodia Custody as newest member of the Global Markets Alliance. Zodia will help advance Ondo’s real-world assets tokenization, joining industry…
Hedera Hashgraph is showing early signs of weakness after rejecting from key resistance and losing structural support. A deeper correction to $0.18 could provide the foundation for a bullish reversal. Summary HBAR was rejected from the value area high and lost $0.26 key support. Price could correct to $0.18 — a confluence of point of…
