Author: NBTC
Core will automatically reward developers who contribute to activity on its platform, from stablecoins to DeFi projects. DeFi projects and developers are a core part of any ecosystem, but so far, they have not reaped much of the rewards. For this reason, on Tuesday, June 15, Core Foundation announced the launch of Rev+, a protocol-level revenue-sharing model. Developers who work on the Core (CORE) ecosystem, an EVM-compatible Bitcoin (BTC) staking protocol, will automatically earn a portion of gas fees. Stablecoin issuers, NFT collections, DeFi developers, and DAOs will earn a portion of the fees on all transactions they facilitate. “Rev+…
Cardano (ADA) has achieved a significant milestone, surpassing 111 million total transactions on its network. Reaching 111 million total transactions is more than simply a symbolic number. It shows sustained growth in user activity, increased engagement with decentralized apps (dApps) and the ongoing development of Cardano infrastructure. The increase also demonstrates Cardano’s ability to process transactions without severe network congestion or performance issues, having maintained uptime for more than seven years. According to the most recent data, the Cardano network now supports 2,005 active projects, with delegated wallets at 1.33 million, showing continued engagement in network staking. Another week, another…
OKX, the crypto derivatives trading platform, announced that it will remove LSKUSDT, LOOKSUSDT, and PIPPINUSDT futures contracts from trading as of 4:00 PM on Friday, July 18, 2025, in order to reduce market risks and improve user experience. OKX, LSK, LOOKS, PIPPIN to Shut Down USDT Futures Contracts on July 18 Contracts to be Removed: LSKUSDT LOOKSUSDT PIPPINUSDT Detail: During the removal process, all orders on the relevant contracts will be canceled. Existing positions will be subject to forced delivery at the arithmetic average of the OKX index price one hour before the removal time. If manipulation of the index…
Chainlink, a prominent decentralized oracle ecosystem offering real-world data for blockchain-based smart contracts, has partnered with Swift and GLEIF. The partnership focuses on launching vLEI Hackathon, catalyzing the regulatory-compliant blockchain-related solutions by using Chainlink’s cutting-edge Automated Compliance Engine (ACE) and verifiable Legal Entity Identifier (vLEI) mechanism of GLEIF. The platform revealed the details of this development in a recent social media post shared on X. We’re excited to collaborate with @GLEIF for the vLEI Hackathon alongside Swift (@swiftcommunity) to accelerate the global adoption of compliant digital assets onchain.https://t.co/jO17ZrlqjcWith hundreds of trillions in value poised to move onchain, digital assets are……
Aave has surpassed $50 billion in crypto deposits, becoming the first DeFi protocol to rival mid-sized U.S. banks in scale. Table of Contents What is Aave How Aave works When it comes to finance, banks have long held the top spots for managing people’s money. Yet Aave, a decentralized finance protocol, has quietly crossed a major milestone that even some banks would envy. The blockchain-based lending protocol has surpassed $50 billion in net deposits in mid-July, becoming the first DeFi protocol to reach such a scale, a sign of how digital finance is potentially reshaping money management. Wow, @aave hit…
Hong Kong’s Financial Secretary, Paul Chan Mo-po, was on a three-day visit to Seoul, South Korea, where he worked on promoting the special administrative region’s (SAR) latest developments and opportunities to the local financial, trade, business, and innovation sectors. The visit is part of Hong Kong’s recent attempt to position itself as a hub for financial innovation, particularly in digital assets and stablecoin regulation, with South Korea as a key partner. Hong Kong’s Financial Secretary, Paul Chan Mo-po on a three-day visit to Seoul, South Korea. Source: Hong Kong Government Financial Secretary extends diplomatic arm to regional partners In a…
Although bitcoin has seen its fair share of price swings this week, the stablecoin market has quietly ballooned by $2.114 billion—edging ever closer to the $260 billion milestone. USDT Leads the Charge as Stablecoins Creep Toward $260B Summit Over the last seven days, the stablecoin market has climbed 0.84%, ticking up from $253.25 billion to $255.364 billion. Just $4.636 billion more and it’ll be staring down a fresh all-time high at the $260 billion mark. Right now, stablecoins make up about 7.7% of the $3.32 trillion crypto market. Tether’s USDT holds the lion’s share of the stablecoin pie, commanding 62.45%…
ChainGPT announces the strategic integration of Kima Network’s decentralized settlement SDK to transform the landscape of Web3 fundraising. With this integration, Kima will empower ChainGPT Launchpad to enable seamless cross-chain stablecoin swaps through its state-of-the-art decentralized settlement SDK. What’s more, the users will be able to contribute to $USDT, $USDC, and other stablecoins. These stablecoins will be gathered from 10 empowering blockchains like Tron, Solana, Arbitrum, Base, Avalanche, and Bera. The collaboration strives to remove the obstacles that occur through traditional bridges and custodians. By doing this, both allies are set to empower participants by simplifying the onboarding process while…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For most of its history, decentralized finance and traditional finance have been at odds. Positioned as opposing forces, one claimed transparency, permissionless access, and composability, while the other relied on regulation, scale, and institutional trust. But the confluence of finance and technology has never been a zero-sum game. You might also like: The new ‘decentralization theater’: Crypto projects are still controlled by the few | Opinion The convergence is already underway. Institutional giants like BlackRock are experimenting…
British crypto fintech firm Ziglu has collapsed alongside a cumulative $2.7 million in losses in user funds. According to reports, the firm, which acts as an investment platform, suffered a shortfall worth millions of pounds. Administrators mentioned that they discovered a £2 million black hole at Ziglu, which suspended withdrawals in May and was put into special administration last week. The company was once the cynosure of the investment community, attracting users due to its market-beating rates. At the time, the company was said to have been valued at around £126 million. However, it all came crashing down when about…