Cynthia Lummis Appointed Chair of U.S. Senate Banking Subcommittee on Digital Assets
Senator Cynthia Lummis has been appointed as the chair of the newly established U.S. Senate Banking Subcommittee on Digital Assets. This announcement marks a pivotal moment in the legislative landscape, as the subcommittee aims to advance bipartisan…
Solana’s Stablecoin TVL Reaches $5 Billion in 2024, Reflecting Increased Confidence and Usage
Solana’s stablecoin total value locked (TVL) reached an impressive $5 billion in 2024. This significant growth underscores the increasing confidence and usage of stablecoins within the Solana ecosystem. Stablecoins, which are cryptocurrencies…
Crypto Roundup 2024: Milestones and Achievements in the DeFi Industry
This year was a wild rollercoaster for the crypto industry, marked by significant milestones and achievements, particularly in the decentralized finance (DeFi) sector. Here are some of the key highlights: Bitcoin Halving and the Record Highs Bitcoin…
Plume Network Launches Pre-Deposit Vault on Nest for Exclusive Rewards
Plume Network is a Layer-1 blockchain. It is designed to help with the tokenization of real-world assets. It launches its Pre-Deposit Vault on its ecosystem protocol Nest. This feature allows users to deposit stablecoins. Users can deposit…
Stacks to Launch sBTC on December 17 to Boost Bitcoin’s DeFi Liquidity
In an exciting development for the cryptocurrency world, Stacks is set to introduce sBTC on December 17, 2024. According to Stacks recent blog post, this new asset aims to significantly enhance Bitcoin’s decentralized finance (DeFi) liquidity. It…
BlackRock’s Ethereum ETF Reaches $3 Billion in Inflows
In a remarkable milestone for the cryptocurrency market, BlackRock’s Ethereum ETF has reached $3 billion in inflows. This achievement underscores the growing institutional interest in Ethereum and its potential as a leading digital asset.The…
Grayscale Introduces Trusts for Optimism and Lido DAO
Grayscale Investments has announced the launch of two new investment vehicles. They are the Grayscale Lido DAO Trust and the Grayscale Optimism Trust. These trusts are designed to give investors with exposure to the governance tokens of Lido DAO (LDO)…
Ripple’s RLUSD Stablecoin Approved by New York Regulators
Ripple’s USD stablecoin, RLUSD, has received final approval from the New York Department of Financial Services (NYDFS). This approval marks a major milestone for Ripple. It is preparing to launch RLUSD on both the XRP Ledger and Ethereum networks.…
Dropee Set to Debut on Major Crypto Exchanges
Dropee is a popular tap-to-earn game on Telegram. It is set to list its native token on several major cryptocurrency exchanges. These exchanges include Binance, OKX, and MEXC. The listing is scheduled for November 30, 2024, according to Decentralized…
Telegram Game ‘Major’ to Launch Token and Begin Airdropping $MAJOR to Players
The popular Telegram game and engagement platform, Major, is set to launch its token, $MAJOR, and initiate its highly anticipated airdrop on Thursday. This exciting development marks a significant milestone for the game, which has already attracted over…