Ethena is launching $UStb, a new stablecoin backed by BlackRock’s tokenized U.S. Treasuries fund, BUIDL, offering a more stable alternative to its existing $USDe. Key Highlights: - Introducing $UStb: Set to launch in partnership with Securitize. - BlackRock Backing: Directly tied to short-term U.S. Treasuries for added stability. - Different Risk Profile: $UStb mitigates risks associated with $USDe’s volatility. - Rapid Growth of $USDe: Currently at a $2.6 billion supply, making it the fifth-...

Ethena is launching $UStb, a new stablecoin backed by BlackRock’s tokenized U.S. Treasuries fund, BUIDL, offering a more stable alternative to its existing $USDe. Key Highlights: - Introducing $UStb: Set to launch in partnership with Securitize. - BlackRock Backing: Directly tied to short-term U.S. Treasuries for added stability. - Different Risk Profile: $UStb mitigates risks associated with $USDe’s volatility. - Rapid Growth of $USDe: Currently at a $2.6 billion supply, making it the fifth-...

Since launching in August 2021, Arbitrum One has officially surpassed 1 billion transactions, making it a standout Layer 2 solution for Ethereum. In comparison, its rival Base has recorded 755 million transactions, while OP Mainnet lags behind at 347 million. Despite Base leading in daily transactions, Arbitrum boasts the highest total value locked (TVL) among Layer 2s at $2.5 billion, with Base close behind at $2.2 billion. Developed by Offchain Labs, Arbitrum uses optimistic rollup technolo...

Since launching in August 2021, Arbitrum One has officially surpassed 1 billion transactions, making it a standout Layer 2 solution for Ethereum. In comparison, its rival Base has recorded 755 million transactions, while OP Mainnet lags behind at 347 million. Despite Base leading in daily transactions, Arbitrum boasts the highest total value locked (TVL) among Layer 2s at $2.5 billion, with Base close behind at $2.2 billion. Developed by Offchain Labs, Arbitrum uses optimistic rollup technolo...

World Liberty Financial, a DeFi project backed by the Trump family, has opened KYC verification on its website. On September 16, it announced the sale of a non-transferable governance token, WLFI, but participation is limited to accredited investors. The project’s site experienced maintenance issues on launch day. According to their homepage, information is accessible only to those who complete the KYC process, which helps prevent fraud and money laundering. In a Telegram update, the team sta...

World Liberty Financial, a DeFi project backed by the Trump family, has opened KYC verification on its website. On September 16, it announced the sale of a non-transferable governance token, WLFI, but participation is limited to accredited investors. The project’s site experienced maintenance issues on launch day. According to their homepage, information is accessible only to those who complete the KYC process, which helps prevent fraud and money laundering. In a Telegram update, the team sta...

Get ready for a massive month in crypto! Celestia is set to unlock $1.1 billion in $TIA tokens on October 31, pushing October's total token releases to nearly $2 billion. Highlights: - Celestia Unlock: $1.1B in $TIA tokens on Oct. 31. - Cheelee Release: $300M in tokens on Oct. 10. - Other Projects: $600M from Aptos, Arbitrum, and Axie Infinity. The $TIA token peaked at $20.85 in February but now sits at $6.51. With Celestia and Cheelee making up 70% of October’s unlocks, traders should brace ...

Get ready for a massive month in crypto! Celestia is set to unlock $1.1 billion in $TIA tokens on October 31, pushing October's total token releases to nearly $2 billion. Highlights: - Celestia Unlock: $1.1B in $TIA tokens on Oct. 31. - Cheelee Release: $300M in tokens on Oct. 10. - Other Projects: $600M from Aptos, Arbitrum, and Axie Infinity. The $TIA token peaked at $20.85 in February but now sits at $6.51. With Celestia and Cheelee making up 70% of October’s unlocks, traders should brace ...

Rewrite this to something shorter and more engaging "Solana’s New Seeker Phone Already Hits Huge Demand with a Lower Price Solana’s Seeker smartphone, priced at less than half of its predecessor, has already secured 140,000 pre-orders ahead of its 2025 release. Key points: Big savings: The Solana Seeker costs less than half of the previous model. Pre-order frenzy: 140,000 customers have already pre-ordered the phone. Upgraded features: Brighter display, longer battery, and better cameras. Sma...

Rewrite this to something shorter and more engaging "Solana’s New Seeker Phone Already Hits Huge Demand with a Lower Price Solana’s Seeker smartphone, priced at less than half of its predecessor, has already secured 140,000 pre-orders ahead of its 2025 release. Key points: Big savings: The Solana Seeker costs less than half of the previous model. Pre-order frenzy: 140,000 customers have already pre-ordered the phone. Upgraded features: Brighter display, longer battery, and better cameras. Sma...

Former Alameda CEO Caroline Ellison has been sentenced to two years in prison for her role in the FTX scandal. Key Highlights: - Sentence: Two years for her involvement in FTX’s downfall. - Guilty Plea: Admitted to conspiracy and fraud in 2022. - Forfeiture: Must give up $11 billion tied to the fraud. - Cooperation: Testified against Sam Bankman-Fried, aiding prosecutors. Ellison, who dated Bankman-Fried, played a pivotal role in the investigation by revealing how he directed her actions. Alt...

Former Alameda CEO Caroline Ellison has been sentenced to two years in prison for her role in the FTX scandal. Key Highlights: - Sentence: Two years for her involvement in FTX’s downfall. - Guilty Plea: Admitted to conspiracy and fraud in 2022. - Forfeiture: Must give up $11 billion tied to the fraud. - Cooperation: Testified against Sam Bankman-Fried, aiding prosecutors. Ellison, who dated Bankman-Fried, played a pivotal role in the investigation by revealing how he directed her actions. Alt...

Ethereum is gearing up for its Pectra upgrade, which will launch in two stages to implement over 20 Ethereum Improvement Proposals (EIPs) efficiently. Highlights: - Two Forks: Pectra 1 and Pectra 2. - Pectra 1: Features 8 EIPs currently testing on Devnet 3. - Pectra 2: Includes PeerDAS and 12 additional EIPs. - Focus: Enhancing Layer 2 scalability and introducing Verkle Trees. In a meeting on September 19, 2024, Ethereum developers decided to split the upgrade, led by Alex Stokes from the Eth...

Ethereum is gearing up for its Pectra upgrade, which will launch in two stages to implement over 20 Ethereum Improvement Proposals (EIPs) efficiently. Highlights: - Two Forks: Pectra 1 and Pectra 2. - Pectra 1: Features 8 EIPs currently testing on Devnet 3. - Pectra 2: Includes PeerDAS and 12 additional EIPs. - Focus: Enhancing Layer 2 scalability and introducing Verkle Trees. In a meeting on September 19, 2024, Ethereum developers decided to split the upgrade, led by Alex Stokes from the Eth...

Polymarket is aiming to raise $50M as betting on the 2024 U.S. elections skyrockets, with nearly $1 billion already wagered on its platform. The decentralized prediction market is also planning a token launch to streamline event outcome verification and enhance revenue. Key Highlights: - $50M Funding Goal: Capitalizing on the election frenzy. - Token Launch: New token to simplify verification and generate revenue. - Record Betting Volume: $472M traded in August alone. - Regulatory Scrutiny: O...

Polymarket is aiming to raise $50M as betting on the 2024 U.S. elections skyrockets, with nearly $1 billion already wagered on its platform. The decentralized prediction market is also planning a token launch to streamline event outcome verification and enhance revenue. Key Highlights: - $50M Funding Goal: Capitalizing on the election frenzy. - Token Launch: New token to simplify verification and generate revenue. - Record Betting Volume: $472M traded in August alone. - Regulatory Scrutiny: O...

At Token2049 in Singapore, a crypto YouTuber named “Professor Crypto” proudly announced he’d won the Best Content Creator award at the “KOL Awards.” KOL, or Key Opinion Leader, refers to influencers who market niche products, but this title has become synonymous with controversy in crypto. Professor Crypto's win raised eyebrows; few in the industry recognized him, and it quickly emerged that he had inflated his following through fake accounts and bot engagement. Within a day, he had deleted h...

At Token2049 in Singapore, a crypto YouTuber named “Professor Crypto” proudly announced he’d won the Best Content Creator award at the “KOL Awards.” KOL, or Key Opinion Leader, refers to influencers who market niche products, but this title has become synonymous with controversy in crypto. Professor Crypto's win raised eyebrows; few in the industry recognized him, and it quickly emerged that he had inflated his following through fake accounts and bot engagement. Within a day, he had deleted h...

Vice President Kamala Harris pledged her support for AI and cryptocurrency while emphasizing consumer protection at a recent Wall Street fundraiser, where ticket prices soared to $1 million. Key Highlights: - Crypto-Friendly Policies: Harris is committed to fostering innovation in digital assets. - Consumer Protection Focus: She aims to ensure robust safeguards for consumers and investors. - "Opportunity Economy" Vision: Harris seeks to unite small businesses, labor groups, and tech innovator...

Vice President Kamala Harris pledged her support for AI and cryptocurrency while emphasizing consumer protection at a recent Wall Street fundraiser, where ticket prices soared to $1 million. Key Highlights: - Crypto-Friendly Policies: Harris is committed to fostering innovation in digital assets. - Consumer Protection Focus: She aims to ensure robust safeguards for consumers and investors. - "Opportunity Economy" Vision: Harris seeks to unite small businesses, labor groups, and tech innovator...