Articles for category: Crypto

October 4, 2025

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Plasma Enhances DeFi Offering by Integrating Chainlink & Aave

Plasma, a newly minted Layer 1 blockchain dedicated to improving stablecoin functionality, has made significant strides in its decentralized finance (DeFi) ecosystem by forging partnerships with Chainlink and Aave. These collaborations aim to bolster Plasma’s infrastructure and promote broader DeFi adoption. Launched just last week along with its native token XPL, Plasma has joined Chainlink’s SCALE program, which stands for Sustainable Chainlink Access for Layer 1 and 2 Enablement. This initiative is designed to support new blockchains and rollups, providing them access to Chainlink’s services at reduced operational costs through ecosystem backing. Additionally, Plasma has selected Chainlink as its official

October 4, 2025

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XRP Ledger Set to Transform Institutional Finance with Privacy-Focused Innovations

Ripple’s senior engineering director, J. Ayo Akinyele, is spearheading efforts to position the XRP Ledger (XRPL) as the go-to platform for institutions that prioritize both innovation and trust. In a recent blog post, Akinyele emphasized the importance of developing privacy-focused tools to enhance the adoption of blockchain technologies in traditional finance. According to Akinyele, the functionality of financial systems hinges on confidentiality, a stark contrast to the transparency typically associated with public blockchains. He advocates for “programmable privacy,” a framework that allows participants to control the visibility of their data while still providing regulators with necessary disclosures. This approach aims

October 4, 2025

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Coinbase Seeks National Trust Company Charter to Enhance Regulatory Framework

In a strategic move aimed at expanding its operational capabilities, cryptocurrency exchange Coinbase has formally applied for a National Trust Company Charter with the Office of the Comptroller of the Currency (OCC). This initiative places Coinbase among a growing list of U.S.-based cryptocurrency firms vying for the same regulatory license. In a statement released on Friday, Coinbase articulated that this endeavor signifies a pivotal step towards enhancing its business functions and regulatory oversight, beyond the current operational guidelines. The exchange expressed, “Coinbase is taking a significant step in expanding our business capabilities and regulatory oversight beyond the existing framework, paving

October 4, 2025

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Moonbirds Announce BIRB Token Launch on Solana as NFT Market Stirs

In a significant move for the Moonbirds NFT project, the team has revealed plans to launch a new ecosystem token named BIRB on the Solana blockchain. This announcement comes in the wake of the collection’s acquisition by Orange Cap Games, marking a fresh chapter for the pixelated owl collectibles that have captured the attention of NFT enthusiasts. Over the past three months, the trading activity surrounding Moonbirds has seen a remarkable upsurge, with total trading volume skyrocketing by over 1,000%. Specifically, since its acquisition from Yuga Labs, the Moonbirds collection has recorded a staggering trading volume exceeding 26,000 ETH, a

October 4, 2025

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Coinbase Pursues National Trust Charter, Aiming for Enhanced Regulatory Compliance

Coinbase, the prominent cryptocurrency exchange, recently announced its application for a national trust charter with the U.S. Office of the Comptroller of the Currency (OCC). This strategic move, revealed on Friday, aims to place the company under federal regulatory supervision while expanding its existing custody services. The national trust charter would provide Coinbase with the opportunity to enhance its current business operations without the necessity of becoming a full-service bank. According to Greg Tusar, the vice president of institutional product at Coinbase, the company is not seeking to enter the banking sector. He emphasized in a blog post, “Coinbase has

October 4, 2025

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Bitcoin Approaches All-Time Highs as Crypto Market Surpasses $4.21 Trillion

Bitcoin (BTC) is on an impressive upward trajectory, surging 14% within a week and now trading close to the $124,000 mark. This surge comes amidst a backdrop of uncertainty due to the ongoing US government shutdown, which has left many investors on edge. The total cryptocurrency market capitalization has crossed $4.21 trillion, reflecting the robust overall market dynamics as Bitcoin moves toward potential price discovery above $125,500. Analysts have pointed out resistance levels near $130,000, suggesting that the coming days could see significant movement in Bitcoin’s price. Interestingly, the government’s shutdown has emerged as an unexpected catalyst for Bitcoin’s rally.

October 3, 2025

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Moonbirds Unveils Plans for BIRB Token on Solana, Riding NFT Market Revival

Moonbirds, the prominent NFT project recognized for its distinctive pixelated owl collectibles, is set to launch its own ecosystem token, BIRB, on the Solana blockchain. This announcement follows the project’s recent acquisition by Orange Cap Games, marking a significant shift just over three months since it was purchased from Yuga Labs. The specifics regarding the utility of the BIRB token are yet to be disclosed. However, the Moonbirds team took to social media platform X to clarify that there is no existing contract address or claim process in place at this time. They assured followers that comprehensive details will be

October 3, 2025

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Tether Collaborates with Antalpha to Launch Tokenized Gold Treasury, Targeting $200 Million Raise

Tether, the issuer behind the well-known USDT stablecoin, is venturing into the realm of tokenized gold by collaborating with the financing firm Antalpha. According to a report from Bloomberg, the partnership aims to secure at least $200 million to establish a digital asset treasury focused on tokenized gold. The forthcoming financial vehicle is set to accumulate XAUT, a blockchain-based token representing ownership of physical gold bars stored securely in a Swiss vault. Currently, XAUT stands as the dominant player in the tokenized gold market, boasting a market capitalization close to $1.5 billion. Antalpha has made a name for itself as

October 3, 2025

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Court Dismisses Lawsuit, Declares Yuga Labs’ NFTs Non-Securities

A United States judge has formally dismissed a lawsuit filed by investors against Yuga Labs, the company behind the popular non-fungible token (NFT) collections such as Bored Ape Yacht Club (BAYC) and ApeCoin (APE). The ruling establishes that these NFTs do not fulfill the legal requirements to be classified as securities under the Howey test, which is utilized by the Securities and Exchange Commission (SEC) to define investment contracts. Judge Fernando M. Olguin concluded that the plaintiffs in the 2022 lawsuit failed to demonstrate that Yuga Labs’ NFTs met the necessary criteria outlined in the Howey test. This legal framework

October 3, 2025

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September Sees Unprecedented $1 Trillion in Perpetual DEX Trading Volume

In a historic milestone for the decentralized finance (DeFi) sector, perpetual decentralized exchanges (DEXs) achieved a remarkable trading volume of over $1 trillion in September. This notable record not only highlights the growing popularity of perpetual trading mechanisms but also marks a significant 50% increase in volume from the previous month, according to data aggregated by DefiLlama. The surge in trading activity was largely propelled by platforms like Hyperliquid, while new contenders such as Aster and Lighter have also emerged, contributing significantly to the volume. Aster, which operates on the BNB Chain and is supported by YZi Labs—a company linked