Plasma, a startup focused on stablecoins, raised an impressive $500 million in its latest public token offering, far surpassing its initial target. On June 9, Plasma announced on X that its public token sale for XPL sold out in just 40 minutes. The team initially planned to raise $50 million but had to revise it…
Fartcoin could potentially see significant gains ahead amid hype surrounding an upcoming spot listing on Coinbase. According to data from crypto.news, Fartcoin (FARTCOIN) shot up 22% to an intraday high of $1.26 on June 10, morning Asian time, pushing its market cap past $1.23 billion, enough to flip Dogwifhat (WIF) in rankings. Open interest in…
South Korea’s Democratic Party has formally proposed the Digital Asset Basic Act, introducing a stablecoin licensing regime and expanded oversight under President Lee Jae-myung’s administration. During a June 10 press conference, lawmaker Min Byeong-deok announced the bill’s submission, calling it a foundational step toward comprehensive regulation of digital assets, including stablecoins, cryptocurrencies, and related service…
Under the leadership of Paul Atkins, the U.S. Securities and Exchange Commission is looking to fast-track crypto innovation through exemptions and tailored rulemaking. During the fifth meeting of the SEC’s Crypto Task Force roundtable titled DeFi and the American Spirit, Atkins outlined plans for a new “innovation exemption” that would provide conditional relief from certain…
Sky Protocol, formerly MakerDAO, launched its much-anticipated staking rewards program, and the numbers are already turning heads. In a June 9 post on X, the team revealed that more than $568 million worth of SKY tokens have been staked, with participants currently earning USDS at an annualized rate of 16%. Strong early engagement with the…
IX Swap token price surged for four consecutive days, reaching its highest level since March 4. IX Swap (IXS) climbed to a high of $0.2692, marking a 155% increase from its April low. The rally coincided with a sharp rise in on-chain activity, as the number of active addresses jumped to 300, the highest since…
Donald Trump’s crypto brand has been hogging headlines all week, thanks to the public spat between his family and the team behind a wallet project tied to the president. However, following all the drama, tensions seem to be easing. The crypto wallet saga involving Donald Trump’s sons and Gettrumpmemes, the company in charge of the…
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…
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…
