Vaibhavv Ali
Webus International has secured a major partnership with Air China to explore integrating XRP as a payment option for flights and loyalty rewards. The collaboration will give Webus direct access to Air China’s extensive PhoenixMiles loyalty program, which boasts over 60 million members. The partnership aims to leverage XRP’s speed and low transaction costs to … Read more
The U.S. Senate Banking Committee, led by Senators Tim Scott and Cynthia Lummis, has introduced a revised bill aimed at providing a clear regulatory framework for the digital asset market. According to reports from Eleanor Terrett, this new draft incorporates feedback from various stakeholders and lobbying groups to enhance legal protections for developers and promote … Read more
DeFi Development Corp (DFDV), a publicly traded company with a treasury strategy centered on Solana, has doubled its holdings to just over 2.02 million SOL, which is now valued at approximately $412 million. The company acquired the new tokens at an average price of $202.76 and plans to stake the entire amount to earn yield. … Read more
Cryptocurrency exchange Gemini, founded by the Winklevoss twins, is expanding its presence in Europe with new offerings for users in the European Economic Area (EEA). The exchange has launched staking services for Ether (ETH) and Solana (SOL) and is now offering perpetual contracts that are denominated in USDC. This expansion follows Gemini’s recent regulatory approvals … Read more
El Salvador has made its first gold purchase in 35 years, buying 13,999 ounces (397 kg) of gold for $50 million. This acquisition increases the country’s gold reserves by over 31% to a total value of nearly $207 million. The move signals a strategic shift to diversify its national reserves, which are already famous for … Read more
Kraken, a major cryptocurrency exchange, has completed its acquisition of Breakout, a proprietary trading firm. This strategic move, which became effective on September 1, is designed to expand Kraken’s offerings for advanced market participants by providing them with institutional-scale capital based on their performance. Breakout’s model allows skilled crypto traders to access up to $200,000 … Read more
Tether, the company that issues the world’s largest stablecoin, USDT, is expanding its business by investing directly in the gold supply chain. With its gold reserves already at a record high of $8.7 billion, the company is in talks to invest in gold mining, refining, and royalty companies. Tether has already committed tens of millions … Read more
South Korea’s Financial Services Commission (FSC) has published a new set of guidelines for crypto lending services on centralized exchanges. The rules are designed to enhance user protection by setting clear standards for the industry. The new regulations include several key provisions: Leverage is restricted: The guidelines prohibit lending services that allow a user to … Read more
Thumzup Media Corporation, a company linked to the Trump family, is pivoting its business strategy to focus on Dogecoin mining. The company, which trades on the NYSE American exchange, has filed for the acquisition of a Dogecoin mining operation, including 3,500 mining rigs. This new venture will see the combined company renamed to Dogehash Technologies … Read more
Bithumb, South Korea’s second-largest cryptocurrency exchange, has officially listed Euler’s governance token, EUL, on its spot trading platform. The listing, which allows for trading against the Korean Won (KRW), has triggered a significant rally for the token. Following the announcement, EUL’s price soared by nearly 44%, from $9.60 to $13.80, before stabilizing at around $12.70, … Read more