SoFi Technologies has launched SoFiUSD, a fully reserved US dollar stablecoin issued by its banking subsidiary, SoFi Bank. According to Thursday’s announcement, SoFiUSD is backed one-to-one by cash held by SoFi Bank, a nationally chartered and insured depository institution, and is redeemable on demand. It is designed to support low-cost settlement for banks, fintechs and … Read more
A US court is once again being asked to weigh in on maximal extractable value practices after a judge allowed new evidence to be added to a class-action lawsuit tied to a memecoin platform. The judge granted a motion to amend and refile to include new evidence a class-action lawsuit against memecoin launch platform Pump.fun, … Read more
Blockchain network Aptos is moving toward a post-quantum signature option, reflecting growing concern that advances in quantum computing are no longer purely theoretical and could eventually affect how blockchain networks secure accounts and transactions. On Thursday, Aptos outlined a proposal to introduce post-quantum signatures, addressing the network’s reliance on digital signatures for ownership, transaction authorization … Read more
Paolo Ardoino, CEO of Tether, the issuer of the world’s largest stablecoin, has raised concerns about how a potential AI bubble could affect Bitcoin by 2026. Ardoino shared his outlook on Bitcoin (BTC) and the broader crypto industry on Thursday during the Bitcoin Capital podcast, co-hosted by Bitfinex Securities and Blockstream. The executive said he … Read more
Bitcoin (BTC) ramped up volatility into Thursday’s Wall Street open as markets reacted to surprise US inflation data. Key points: Bitcoin traders weather more snap BTC price volatility as CPI surprises to the downside. US inflation unexpectedly drops to multiyear lows, fueling bets of interest-rate cuts. Bitcoin price action continues repeating its early 2025 fractal. … Read more
Ether (ETH) has retraced 42% from its all-time high of $4,950 with traders wondering where the altcoin was likely to bottom out next. Key takeaways: Ethereum traders see ETH price dropping to $2,100 if support at $2,800 fails. Persistent Ether ETF outlaws and less treasury buying introduce more risks for bulls. Analysis: 25% ETH price drop … Read more
A crypto attacker apparently took over a whale’s multisig wallet minutes after it was created 44 days ago, and has been draining and laundering funds in stages since. In a Thursday post on X, blockchain security firm PeckShield reported that a whale’s multisig wallet had been drained of roughly $27.3 million due to a private … Read more
The rise of digital asset treasury (DAT) companies will go down as a meta-narrative of 2025, but the longevity of the movement will be decided by capital management and sound business strategies. According to Solmate CEO Marco Santori, all DATs have to contend with the value of the underlying token they hold on their balance … Read more
Kraken-backed tokenized securities platform xStocks is launching on TON Wallet, a self-custodial wallet on the Telegram messenger. Following an initial rollout on Wallet in Telegram, xStocks is now live on TON Wallet, marking the offering’s official launch on Telegram-linked blockchain, The Open Network (TON), Kraken announced Thursday. “Launching xStocks on TON brings tokenized equities onto … Read more
Ethereum blockspace trading platform ETHGas announced it has raised $12 million in a seed round led by Polychain Capital. The funding announcement comes after Ethereum co-founder Vitalik Buterin recently discussed the idea of an onchain “gas futures” market, arguing that such a product could give users a clearer signal of expected fees and let them … Read more