Author: Admin-aX9d7
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Coinbase was pretty frank in its blog post earlier today. “Our relationship with PayPal will take the payments revolution forward,” it stated. You might recall that PayPal launched its PYUSD stablecoin in August 2023. This morning, Coinbase said it would waive fees on USD-PYUSD conversions and expand support for stablecoins to PayPal’s largest merchant partners. It’s part of the crypto exchange’s wider goal of “promoting broader adoption of faster and more efficient financial services.” This isn’t Coinbase’s first partnership with a stablecoin issuer. It acquired an…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. While stablecoin legislation has dominated recent headlines, House Representatives are in the final stages of drafting a crypto market structure bill, according to people familiar with the matter. I’m told that the discussion draft is expected to be released by the end of the month. The timeline aligns with President Trump’s goal of having both stablecoin and market structure bills passed by the end of this summer. Representatives will likely pull from the Financial Innovation and Technology for the 21st Century Act (FIT21), which the House…
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and…
This is a segment from the Blockworks Daily newsletter. To read full editions, subscribe. “Capital runs as surely and instantly where it is most wanted, and where there is most to be made of it, as water runs to find its level.”— Walter Bagehot (1873) Q: What’s it cost to have dinner with the president? The official website promoting a “Dinner with President TRUMP” pitches the opportunity as “The most EXCLUSIVE INVITATION in the World.” (Reader beware, the site has more capitalization than a German dictionary.) Specifically, the dinner is “Only for the TOP 220 $TRUMP Coin Holders,” which does indeed…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The Solana Foundation is tightening its leash on the validators receiving its stake. The Solana Foundation now says that for every new validator added to the Solana Foundation Delegation Program, it will remove three long-standing ones with under 1,000 SOL in external stake. The goal: have fewer validators relying on foundation stake and more earning authentic backing from the community. Blockworks Research data lead Dan Smith estimated that at current staking levels, around 150 Solana validators would lose their foundation stake under the new rule. The Solana…
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), have started a new chapter with the comeback of their co-founder Greg Solano, also known in the digital arts and NFT community as Garga, to the CEO position. This leadership shift portrays a strategic shift for the company, aimed at injecting new energy and directions in the changing landscape of non-fungible tokens (NFTs) and digital collectibles. Strategic Leadership Transition Solano is replacing Daniel Alegre, an ex-executive of Activision, who served as the CEO of Yuga Labs for about ten months. Alegre has led Yuga Labs through the expansion and…
The Bitcoin market fell below $39,000 after the Easter holidays as “weak hands” continued to sell, forcing prices down to a local low at $38,729 before bouncing back. This uptake is driven by persistent and robust undercurrent demand.According to a blog post by on-chain data analysts Glassnode, the Bitcoin market remains strongly correlated with traditional markets that themselves are facing several macro headwinds. They wrote“The current broader market environment is one of rapid change, with a wide array of commodity markets breaking to new highs, bond yields trading strongly higher, and a seemingly ever worsening supply chain disruptions and headline…
United States Senator Cynthia Lummis suggests the crypto industry may be celebrating too soon over the US Federal Reserve softening its crypto guidance for banks.“The Fed withdrawing crypto guidance is just noise, not real progress,” Lummis said in an April 25 X post. Lummis called the Fed’s April 24 announcement — withdrawing its 2022 supervisory letter that had discouraged banks from engaging with crypto and stablecoin activities — “just lip service.”Lummis’ tone was different from the rest of the crypto industryLummis, a pro-crypto advocate known for introducing the Bitcoin (BTC) Strategic Reserve Bill in July 2024, pointed out several flaws…
The Chinese government is considering integrating blockchain to enhance the security of its credit information systems, according to a report from STCN.The move is part of a broader effort by the National Development and Reform Commission (NDRC) to apply emerging technologies in improving data-sharing practices and safeguarding sensitive information.Li Chunlin, Deputy Director of the NDRC, stated that the commission has already begun incorporating privacy computing solutions.These tools are designed to minimize the risk of information leaks by processing data in a secure environment. He emphasized that the overarching goal is to reinforce the protection of citizens’ data through advanced technical…
A $198 million crypto fraud empire disguised as AI trading has been unraveled, exposing a luxury-fueled Ponzi scheme that spanned the globe. AI Autotrader or Smoke and Mirrors? The SEC Exposes What PGI Really Was The U.S. Securities and Exchange Commission (SEC) announced on April 22 that it has charged Ramil Palafox, founder of PGI […]