Tag: Ecosystem Development

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Polygon burns hit 107M POL this year – So why is its price tanking?

Polygon is among the widely used chains for payment, with its volume matching or even surpassing that of established networks like Solana...

Circle (CRCL) Drops 15% After Open USD Stablecoin Launch

A coalition of more than 140 companies — among them Visa, Stripe, Mastercard, BlackRock, and Coinbase — announced today the formation...

Open USD Launches With 140+ Giants, Challenging USDC With Zero-Fee Stablecoin Model

Key Takeaways:Open Standard launched its new, enterprise-level stablecoin, Open USD, supported by over 140 businesses across the world.Minting and redemption are free, the...

Circle (CRCL) slides as Stripe, Coinbase (COIN) and BlackRock (BLK) back rival stablecoin network

With more institutions embracing stablecoins, the competition is increasingly shifting from issuing tokens to determining who controls the underlying infrastructure and network.Unlike most...

Polygon Says It Processed $80 Billion In Stablecoin Volume In May

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure For more details, visit the official News platform. TL;DR Polygon reportedly processed roughly...

Zuckerberg directs Meta to explore partnerships with Polymarket and Kalshi

Mark Zuckerberg has told Meta executives to pursue potential partnerships with prediction market platforms Polymarket and Kalshi with the company planning the development...

ZachXBT raises liquidity alarm as AscendEX users report withdrawal issues

Cryptocurrency exchange AscendEX is currently under pressure after multiple users reported stuck withdrawals. Blockchain investigator ZachXBT has also stated that the platform’s known hot...

XRP Ledger Yield Protocol Accused of Using XRP Liquidity To Fuel Insider Profits

The XRP Ledger (XRPL) community is witnessing a controversy owing to an on-chain analyst’s recent allegations. They accused that yield protocol SOIL...

Does Botanix’s Failure Prove Bitcoiners Don’t Care About DeFi?

For the past two cycles, Bitcoin DeFi has lived more as a promise than a category.Programmable Bitcoin has remained a vision held by...

Polymarket users lose nearly $3M in suspected phishing attack

Popular on-chain analyst Specter just reported a major Polymarket breach today that stole up to $2.94 million from about 11 accounts combined. According to...

Polymarket to reimburse users after third-party compromise triggers $3M phishing attack

Prediction market platform Polymarket says it will fully reimburse affected users after a compromised third-party vendor injected malicious code into its frontend. This...