Author: NBTC
The Ripple ecosystem is no stranger to innovation, but a recent event has added urgency to upcoming developments. Ripple USD (RLUSD), Ripple’s stablecoin launched in December 2024, unexpectedly strayed from its 1:1 peg to the U.S. dollar. Briefly trading with a 4% deviation, this unusual behavior has sparked questions about its stability and the way forward. RLUSD is designed to be stable and liquid. It operates on the XRP Ledger and Ethereum. It is backed 1:1 by reserves, but its recent deviation has shown how closely its behavior is tied to XRP’s movements. This highlights the challenges of maintaining a…
Senator Cynthia Lummis has been appointed Chair of the newly formed U.S. Senate Digital Assets Banking Subcommittee. The appointment was announced by Senate Banking Committee Chairman Tim Scott, who commended Lummis for her leadership on digital asset legislation. Senator Lummis, a staunch advocate of Bitcoin and blockchain technology, expressed his vision for the United States to lead in financial innovation with a strategic approach to digital assets. “Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress must urgently pass bipartisan legislation that establishes a comprehensive legal framework for digital…
RedStone, a modular blockchain oracle platform and restaking protocol, has announced CLARA, a new solution aimed at the artificial intelligence market’s agent-based projects. As a communication layer for AI agents, CLARA provides an infrastructure system designed to solve one of the industry’s biggest challenges—communication and collaboration for AI agents. According to details shared with crypto.news, RedStone’s new solution aims to unlock value across the agent economy using hyper-parallel computer AO’s economic rails. CLARA enables projects to leverage RedStone’s cross-chain oracle data network for secure and efficient data exchange. The goal is to facilitate multi-agent communication and value exchange within the…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Bitcoin (BTC) is booming! The world’s largest cryptocurrency finally hit and surpassed the all-time high $100K milestone, and while the current price hovers between $90K-$100K, Bitcoin is proving its resilience and increasing prominence in the global financial landscape. Plus, with the incoming crypto-supportive Trump administration, Bitcoin is poised to mature further. You might also like: Crypto will come of age in 2025 | Opinion This milestone marks more than just a price surge. It signals a pivotal…
Hermetica, a DeFi protocol on Bitcoin Layer 2 Stacks, has announced a major initiative to elevate its Bitcoin-backed, yield-bearing stablecoin, USDh. With a liquidity injection of $3 million, USDh is poised to become the largest stablecoin on Stacks, cementing its position as a cornerstone of the growing Bitcoin DeFi ecosystem.—Revolutionizing Stacks DeFi with sBTC YieldIn an exciting partnership with Zest Protocol, Hermetica is introducing a new sBTC yield product. This initiative allows users to borrow USDh against their sBTC holdings and stake it for high-yield returns. To kick-start this effort, up to $1 million of newly minted USDh will be…
Milady PFPs, an angry Vitalik Buterin, and leadership shakeups—what exactly is going on at the Ethereum Foundation these days? For months, Ethereum holders have complained that the network’s leadership appears often more focused on niche technical objectives than public perception and political considerations that have become increasingly critical to other top industry projects and companies. Certainly, the fact that ETH’s stubbornly stagnant price has become a meme amid an otherwise historic crypto boom isn’t helping matters. hello world computer — Ethereum.org (@ethereum) January 13, 2025 Last week, the Ethereum Foundation appeared to start taking those complaints into account, by revamping…
Circle, the crypto company behind the $48 billion USDC stablecoin, said Tuesday it has acquired tokenized real-world asset (RWA) issuer Hashnote. The companies closed the deal this morning, a Circle spokesperson told CoinDesk and was announced in Davos, Switzerland during the annual World Economic Forum meeting. The companies didn’t reveal pricing details. Circle aims to integrate USYC with USDC, Circle’s flagship stablecoin, enabling convertibility between cash and yield-bearing collateral on blockchains, the press release said. Hashnote issues the $1.3 billion USYC token, which saw massive growth last year to become the largest tokenized U.S. Treasury product on the market, according…
In a significant turn of events, an insider on $VINE has made a floating profit of over $12.5 million. As shown by Onchain Lens, one insider paid 18.48 $SOL, or $4,582, to take control of 66.98 million $VINE coins. After that, the insider exchanged 14.67 million $VINE coins and got 879 $SOL, making a total of $219,445. In a single wallet, the insider showed they could find and profit from market trends. An insider on $VINE has made a significant floating profit of $12.5M+.The insider bought 66.98M $VINE for 18.48 $SOL ($4,582) and sold 14.67M $VINE for 879 $SOL worth…
According to the latest development, US President Donald Trump is currently signing a decree regarding cryptocurrencies. Trump signs executive order creating cryptocurrency working group Trump orders development of national digital asset reserve. US President Donald Trump has announced plans to establish a US strategic Bitcoin reserve, aiming to strengthen the country’s position in the global digital asset landscape. This initiative includes the creation of a national BTC reserve and the establishment of a crypto advisory council to guide government policy. Additionally, Trump plans to issue executive orders to reduce regulatory burdens on crypto companies and encourage the adoption of digital…
Hivello, a dominant player in streamlining the management of decentralized nodes, has announced a collaboration with AlxBlock, a completely decentralized AI development company. The partnership aims to advance the Web3 and AI sectors in terms of accessibility. AlxBlock provides its services for interoperability to bridge the gap between the Web2 entities and the Web3 sector. 📣 Partnership : Hivello x Alxblock 🤝We are partnering with @AIxBlock , a fully decentralized AI development platform, to drive decentralized AI & DePIN innovation. Together, we’re working to make AI, DePIN and Web3 more accessible for everyone. 🌍Read more:… pic.twitter.com/LFalpziHWC — Hivello (@HivelloOfficial) January…