Category: Industry Insights
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Circle Touts $658 Million in Annual Revenue as Q2 Results Drop
Circle reported $658M annual revenue in Q2 2023, with USDC stablecoin market cap at $26B. CEO Jeremy Allaire noted stable growth amid challenges.
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Nakamoto and KindlyMD finalize Bitcoin merger with $50M in combined assets
Nakamoto and KindlyMD completed their merger, creating a Bitcoin-focused entity with $50M in combined assets, involving BTC and healthcare sectors.
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Mawari Network launches with Caldera to stream AI-powered 3D experiences globally in 2024
Mawari partners with Caldera to launch Mawari Network, enabling real-time streaming of AI-powered 3D experiences globally, targeting 1 million users by 2025.
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Sequans to hold 100,000 Bitcoin by 2028 following government-backed IoT expansion
Sequans, a government-backed IoT firm, aims to acquire 100,000 Bitcoin by 2028, joining MicroStrategy and Tesla in corporate crypto holdings.
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Web3 gaming secures $60M in July as Immutable and Polygon lead funding
Web3 gaming attracted $60M in July, with Immutable and Polygon leading investments. The sector rebounded as 12 projects secured funding.
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Coinbase cuts account restrictions 90% with AI and voice support in 2024
Coinbase reduced low-quality account restrictions by 90% using AI and voice support, impacting 1.2M users and integrating with USDC and Ethereum networks.
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Cycle Network launches VisaNet-like crypto payment system with Solana and Polygon by 2025
Cycle Network aims to create a crypto payment system like VisaNet, processing 5000 TPS, with partners including Solana and Polygon, targeting global transactions by 2025.
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Thumzup Media and Coinbase expand XRP holdings targeting 2025 market growth
Thumzup Media partners with Coinbase to increase XRP holdings by 15%, involving Donald Trump and targeting a $500 million market cap by 2025.
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Citigroup evaluates stablecoin and crypto ETF custody under new US regulations
Citigroup explores stablecoin and crypto ETF custody services as US regulations show positive trends, with Bitcoin trading at $43,000 and Ethereum at $2,300.
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Block’s modular Bitcoin miner targets 10-year lifespan for sustainable mining
Block, led by Jack Dorsey, launches a modular Bitcoin miner aiming for a 10-year lifespan, targeting efficiency and accessibility in crypto mining operations.
