Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the... Read more »

Ripple CEO Brad Garlinghouse has announced the name of the company’s upcoming stablecoin at the XRP Ledger Community Summit (XRPL Apex) in Amsterdam. During a panel discussion, Garlinghouse stated: “The name of... Read more »

Elon Musk dropped his lawsuit against OpenAI, according to two June 11 court filings. One filing states that Musk, as the plaintiff, filed a notice of entry of dismissal and proof of... Read more »

SubQuery Network, a Web3 infrastructure provider, has introduced two new decentralized Remote Procedure Calls (RPCs) for efficient data management on the Polkadot and Kusama networks, according to a June 11 statement shared... Read more »

The US Securities and Exchange Commission  (SEC) acknowledged a proposed rule change for ProShares Ethereum ETF and approved Ark Invest’s exit from 21 Shares’ application on June 10. The agency’s notice on... Read more »

Polkadot Treasury has allocated 2 million DOT, valued at $14.4 million, to enhance the liquidity of the DeFi project Hydration, according to a June 10 statement shared with CryptoSlate. The project stated... Read more »

Onchain Highlights DEFINITION: The percentage of futures contracts open interest that is margined in the native coin (e.g., BTC) and not in USD or a USD-pegged stablecoin.  Bitcoin’s futures market is undergoing... Read more »

Onchain Highlights DEFINITION: Lost or HODLed Bitcoins indicate moves of large and old stashes. They are calculated by subtracting Liveliness from 1 and multiplying the result by the circulating supply.  Bitcoin’s “Hodled or... Read more »

The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock What is BlackRock’s BUIDL Fund? The BUIDL fund, formally known as the BlackRock USD Institutional Digital Liquidity Fund, represents... Read more »