The Ethena Foundation proposed buying the token supply held by major early investors and revealed a fee switch to turn 95% of net protocol revenue into ENA buybacks. The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token …
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BitGo completed its acquisition of NYDIG’s institutional trading business, adding about 30 employees and expanding its derivatives and financing capabilities. BitGo has acquired the institutional trading business of Bitcoin infrastructure company NYDIG, adding derivatives and financing capabilities as it expands services for institutional crypto clients. BitGo said it completed the acquisition of NYDIG’s institutional trading …
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OneKey said it reproduced an exploit against an older version of the Ledger app in its lab environment, which Ledger fixed in its Ethereum app 1.22.2, with no user funds lost. The in-house security team at open-source wallet provider OneKey said it successfully reproduced an exploit targeting an outdated version of Ledger’s on-device Ethereum application …
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A Jacksonville woman is taking legal action against Florida-based VyStar Credit Union after suffering major losses from an impersonation scam that drained her accounts. The proposed lawsuit was filed in U.S. District Court in Jacksonville, Florida and covers about $42,000 in alleged losses from unauthorized account access and transactions, reports News4JAX. Unknown persons accessed her …
Visa and Dunamu will explore stablecoin payments and remittances, with Open Standard’s proposed OUSD among several projects under review. Visa and Dunamu, the parent company of South Korean cryptocurrency exchange Upbit, have formed a strategic partnership to explore stablecoin payments, cross-border remittances and artificial intelligence-powered commerce. The companies will combine Dunamu’s digital asset technology with …
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The U.K. government plans to give the Bank of England a new secondary objective to support innovation in payments, including stablecoins and other forms of digital settlement. Financial stability will remain the central bank’s primary mandate. Lucy Rigby Backs New Bank of England Mandate for Digital Finance The U.K. is moving to give the Bank …
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ACT, a party with the fourth-largest representation in the New Zealand Parliament, is campaigning to modernize digital finance rules, proposing regulation to waive crypto gains tax on qualified assets held for over a year and to exempt low-value purchases made with crypto assets. ACT Proposes New Rule For Digital Assets In Campaign Reform Pledge Cryptocurrency …
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During the “Accelerating Bitcoin” conference, experts debated how current bitcoin mining operations would affect the Paraguayan grid, warning of a possible generation crisis by 2029 if bitcoin mining energy consumption grows moderately, as it currently accounts for 30% of the country’s energy production. Paraguayan Grid Could Face Crisis By 2029 Due To Bitcoin Mining Operations …
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Bitcoin has confirmed a quantum-resistant transaction on mainnet using its existing consensus rules, showing that some holders could migrate funds away from future quantum risk without waiting for a protocol upgrade. The Aug. 26 transaction used a construction developed by StarkWare researcher Avihu Levy that shifts the critical spending condition away from elliptic-curve signatures and …
A New York Federal Reserve study found that dollar stablecoins are more likely to flow into wallets tied to countries experiencing currency or banking crises. Wallets linked to countries experiencing some form of financial crisis were 1.8% more likely to receive dollar stablecoins during the week a crisis began, researchers Pablo Azar, Maryam Farboodi and …
BlackRock cut the minimum for converting privately held Bitcoin into IBIT shares from $25 million to $1 million, while Bitwise lowered its floor from $100 million to $3 million. While this might sound like a niche development for a small number of institutional users, it signals that custody is no longer just a slogan for …
Gold and Bitcoin exchange-traded funds (ETFs) drew roughly $7 billion over five US trading sessions, a record combined haul that puts both assets at the center of a renewed investor push for protection against currency weakness and mounting fiscal pressure. About $3.4 billion of this capital went into SPDR Gold Shares (GLD) while BlackRock’s iShares …
US Solana exchange-traded funds (ETFs) attracted about $9.1 million in net inflows on Aug. 26, led by Morgan Stanley’s MSOL. SoSoValue data showed MSOL drew roughly $5.5 million, accounting for about 60% of Wednesday’s total. Bitwise’s BSOL added $2.6 million, while VanEck’s VSOL took in about $1 million. The latest intake extended a strong run …
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Bitcoin’s late-August recovery has unfolded in stages. Days prior to the Aug. 19 pump, VanEck’s capitulation dashboard showed broad market stress with eight of its 12 signals active, and the first move higher was consistent with a sharp reset in bearish positioning. The case for a more durable turn strengthened later as ETF creations and …
Polymarket’s US-serving platform withdrew both of its NFL player participation filings on Aug. 26, one day after certifying them with the CFTC and one day before the listing date it had given the agency. On the same day, the exchange certified bitcoin, ether, and solana price contracts. Both sets were filed as swaps in the …
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