Category: Crypto Crunch
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MEXC Unveils $300M Web3 Fund for Strategic Investments
MEXC has launched a $300M fund for Web3 projects, focusing on strategic investments in blockchain technology and decentralized tools over five years.
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USD1 Launch Boosts Binance Smart Chain Stablecoin Supply 30%
Binance Smart Chain’s stablecoin reserves increased by over $2 billion following the launch of USD1, leading to a 30% market cap increase.
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Ethereum UX Overhaul: New Interoperable Address Standards
ERC-7930 and ERC-7828 standards aim to improve Ethereum’s UX by standardizing address formats and reducing transaction errors.
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Ethena Labs & TON Foundation Launch USDe in Telegram Wallets
Ethena Labs and TON Foundation partner to integrate synthetic stablecoins USDe and sUSDe into the Telegram ecosystem.
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Blockstream Divests Mining & ASIC Divisions: Major Restructure
Blockstream, after closing a $210 million funding round, will spin out its mining and ASIC divisions into independent companies.
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Worldcoin Launches US Digital ID Platform with Visa, Tinder
World, previously Worldcoin, has launched its identity verification platform in the US, enabling users to confirm their identity and claim WLD tokens. The platform has partnered with Visa, Kalshi, Tinder, and Morpho.
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Metaplanet Launches US Division, Aims to Raise $250M for Bitcoin
Japanese Bitcoin firm Metaplanet plans to launch a subsidiary in Florida, aiming to raise $250 million.
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Ethena Teams with TON to Deliver USDe to Telegram Users
Ethena partners with The Open Network (TON) to provide stablecoins, USDe and sUSDe, to Telegram users via TON blockchain.
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Bitcoin & Ethereum Blockchain News from Cointelegraph
Ethereum’s upcoming upgrades Pectra, Fusaka, and Glamsterdam aim to enhance scalability, security, and decentralization, crucial for its dominance in DeFi, NFTs, and Web3.
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Multi-Wallet Usage Up 16%: AI Tackles Crypto Fragmentation
Cryptocurrency adoption is hindered by fragmentation and poor user experience. The use of multiple wallets is increasing due to security and usability concerns. Wallets are evolving into broader Web3 services tools. Mobile wallets remain popular, while hardware wallets are gaining traction. Social wallets simplify onboarding but need improved security.
