The public listing of USDC issuer Circle has raised questions about whether Tether could pursue an IPO of its own. In response, the latter has made its stance clear. According to recent comments by CEO Paolo Ardoino, Tether, the issuer of the world’s largest stablecoin USDT, has no plans to go public. Ardoino shared the…
SUI may be setting up for a rebound, with momentum returning across both technical and on-chain fronts. As of Monday afternoon Asian time, Sui (SUI) was trading at $3.20, down about 25% from its peak last month. Its market cap sat at around $10.8 billion, according to data from crypto.news. One of the setbacks weighing…
Ethiopia’s Financial Intelligence Service is preparing to regulate virtual currencies, despite their ongoing ban in the country. As initially reported by The Reporter Ethiopia, Ethiopia’s Financial Intelligence Service has announced that preparations are underway to regulate virtual currencies, despite their continued illegality under current Ethiopian law. The announcement was made by FIS Director Muluken Amare…
Soneium has launched an incubator program aimed at supporting Web3 projects by providing resources and financial backing to help them scale and gain exposure. Soneium, an Ethereum Layer 2 developed by Sony Block Solutions Labs, has unveiled a new incubator program called “Soneium For All.” The program is designed to help Web3 projects overcome common…
Avalon Labs has burned 80 million AVL tokens, permanently removing them from circulation in a move that reduces the circulating supply by roughly 44%. Announced on X on June 9, the tokens, worth an estimated $16 million, were mostly unclaimed airdrop allocations from a March 2024 campaign. Avalon framed the burn as the start of…
Internet Computer’s ICP token rallied for the fourth day, outperforming the broader crypto market amid hype over the announcement of its new AI-driven platform, Caffeine. According to data from crypto.news, Internet Computer (ICP) rose 8% to an intraday high of $5.66, pushing its market capitalization above $3 billion. The token is now trading 32% above…
Founder and CEO of ARK Investment Management, Cathie Wood believes Bitcoin’s value will reach at least $1.5 million by the time 2030 rolls around, growing by 15x from its current price. In a recent interview on the YouTube channel The Diary of a CEO, Wood breaks down the main reasons why she believes BTC (BTC)’s…
Bitcoin-focused decentralized finance platform Alex Protocol has launched a Treasury Grant Program to reimburse users affected by a recent exploit that resulted in over $8 million in losses. According to a June 8 announcement, the program will provide financial support through a combination of original tokens and USDC equivalents, depending on the type of asset…
Ethereum’s price is consolidating near $2,500 as institutions quietly ramp up their exposure to ETH. As of press time, Ethereum (ETH) is trading at $2,492, down 0.9% over the last day. The price is close to the lower end of its recent 7-day range between $2,419 and $2,666 and. Market activity appears to be picking…
Sui network-based Cetus Protocol has relaunched with a new roadmap, open-source plans, and a compensation programme following a $223 million exploit. The decentralized exchange unveiled its post-relaunch strategy in a June 8 blog post, outlining measures to enhance protocol security, upgrade monitoring systems, and transition toward full open-sourcing. A newly structured white hat bounty programme…
