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Key Takeaways Aster, a decentralized derivatives exchange on BNB Chain, has swiftly resolved a technical crisis by fully reimbursing traders affected by a pricing glitch in its Plasma (XPL) perpetual contract market. The error caused XPL futures to briefly spike to nearly $4, a massive deviation from the market price of around $1.30, resulting in … Read more

Key Takeaways In a bold political statement, crypto exchange Kraken has announced a $2 million donation to pro-Trump PACs. Kraken co-CEO Arjun Sethi, a vocal advocate for crypto’s core principles, framed the donations not as a partisan endorsement, but as a fight for the “core rights of individuals in a digital age.” The announcement, which … Read more

Key Takeaways The whispers of a Tether IPO have transformed into a full-throated buzz, driven by commentary from industry heavyweight Arthur Hayes. The speculation, fueled by reports that the stablecoin giant is seeking to raise up to $20 billion at a colossal $500 billion valuation, has set the crypto world alight. If successful, this would … Read more

Key Takeaways In a hack that turned into a lesson in on-chain karma, a malicious actor who breached UXLink’s multisignature wallet was later phished themselves, losing a portion of the stolen tokens. The attacker initially exploited a vulnerability to steal over $30 million in assets and mint 10 trillion UXLINK tokens, causing the project’s native … Read more

Key Takeaways In a significant step toward creating a unified global standard for digital asset regulation, the US and UK have announced the formation of a joint task force to explore “short-to-medium term collaboration on digital assets.” The “Transatlantic Taskforce for Markets of the Future” will operate under the existing UK-US Financial Regulatory Working Group … Read more

Key Takeaways Crypto.com has firmly pushed back against recent allegations that it secretly handled a 2023 data leak. The accusations, stemming from a Bloomberg report and a subsequent post by blockchain investigator ZachXBT, claimed that the exchange kept a security breach under wraps from the public and regulators. However, a Crypto.com spokesperson and CEO Kris … Read more

Key Takeaways The native token of the decentralized crypto derivatives exchange Hyperliquid, HYPE, has surged to a new all-time high, closing at nearly $60 amid a wider altcoin rally. The milestone is particularly notable given the recent launch and explosive growth of a direct competitor, Aster, a rival DEX that has the quiet but powerful … Read more

Key Takeaways In a landmark development for the future of the digital economy, Google has unveiled an open-source protocol for AI agent payments. This new protocol, backed by a powerful coalition of traditional finance companies and crypto industry leaders, aims to create a universal standard for financial transactions between automated assistants. Building the Foundation for … Read more

Key Takeaways Stablecoin issuer Circle has launched a native version of its USDC token on Hyperliquid, the largest decentralized derivatives trading platform. This integration is far more than a simple listing; it makes Circle a “direct stakeholder” in the platform through its first-ever investment in Hyperliquid’s native HYPE token. The Power of a Native Stablecoin … Read more

Key Takeaways In a landmark decision, Polkadot’s decentralized autonomous organization (DAO) has voted to introduce a hard cap on the supply of its native DOT token. The approved referendum sets the maximum supply at 2.1 billion tokens, a major shift from the network’s previous inflationary model, which issued new tokens indefinitely. The Significance of a … Read more