Category: Industry Insights
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Faraday Future allocates $30M to crypto treasury for tokenized car sales by 2025
Faraday Future plans a $30M crypto treasury and tokenized car sales, joining Tesla and Bitcoin in blockchain-based automotive finance innovations by 2025.
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Solana Alpenglow consensus vote targets 2024 scalability upgrade
Solana’s Alpenglow consensus enters community vote, aiming to enhance scalability. SOL token rose 5% post-announcement. Ethereum and Cardano also monitoring developments.
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Faraday Future commits $2 billion to Bitcoin and Ethereum integration by 2025
Faraday Future plans a $2 billion crypto initiative, partnering with Bitcoin and Ethereum. The EV startup aims to integrate blockchain by 2025.
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Parag Agrawal launches 2024 AI startup with $20M funding
Former Twitter CEO Parag Agrawal launched an AI startup in 2024, focusing on NLP and machine learning, with $20M in initial funding from Sequoia and Andreessen Horowitz.
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Solana achieves 100K TPS in mainnet stress test with Jump Crypto
Solana achieved 100K TPS in a mainnet stress test, surpassing Ethereum’s 30K TPS. Key participants included Jump Crypto and FTX.
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Faraday Future commits $10 billion to crypto integration by 2025
Faraday Future plans a $10 billion crypto strategy, joining Tesla and Bitcoin in EV-crypto integration. The initiative targets 2025 with 15% revenue from digital assets.
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Stablecoins to process $1 trillion in payments by 2030 amid DeFi expansion
Stablecoins like USDT and USDC will process $1 trillion in payments by 2030 as DeFi platforms such as Uniswap drive adoption, per recent analysis.
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Gemini files Nasdaq IPO with Ripple credit facility for RLUSD access targeting $500 million
Gemini filed for a Nasdaq IPO with a Ripple-backed credit facility linked to RLUSD, aiming to raise $500 million amid growing crypto market interest.
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Block launches 819 TH/s air-cooled mining rig to decentralize Bitcoin mining
Block introduces an air-cooled mining rig delivering 819 TH/s, targeting decentralization. Bitcoin mining difficulty rose 5% in Q1 2023. Jack Dorsey supports the initiative.
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Wellgistics deploys blockchain payment system across 6,500 US pharmacies in 2023
Wellgistics introduces a blockchain payment system for 6,500 US pharmacies, enhancing transaction efficiency. The system integrates with major insurers like Aetna and Humana.
