AVAX and NEAR Shine as Bitcoin, Ether Stumble in Asia
Avalanche’s AVAX and Near Protocol’s NEAR tokens bucked the downtrend on Friday in Asia, posting gains as Bitcoin slipped below $36.5k and Ether under $2k amid broader risk-off moves.
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Singapore’s Blockchain-Based Vision for Tight Control Over Digital Money
MAS outlined plans allowing Paxos and StraitsX subsidiaries to issue regulated stablecoins, but they must settle on private “orchid compatible ledgers”, revealing a tightly controlled future model.
Mastercard Exec: Not Enough Justification for CBDC Adoption
Mastercard’s Ashok Venkateswaran said getting consumers comfortable with central bank digital currencies is difficult when paper money works, slowing mainstream CBDC uptake.
EndeavourXR CEO Says Web3 Should Focus on Inclusion Over Wealth Creation
Amy Peck argues that instead of using Web3 for NFT cash grabs, builders should create blockchain solutions for widespread benefit and focus on identity, data ownership, and transparency.
BlackRock Makes Big Bet on Ethereum With Filing for Spot ETF
BlackRock filed for an Ether spot ETF, indicating a broader crypto push beyond its previous Bitcoin ETF filing. The ETF would hold Ether instead of derivatives, amid optimism after a court victory for spot Bitcoin ETFs.
Paxos Gets Approval for New Stablecoin in Singapore
Paxos received approval from Singapore’s central bank to offer a new USD-pegged stablecoin in the city-state.
USDC Meets Sei: Collaboration Unlocks New DeFi Potential
Sei blockchain announces investment from Circle to bring USDC stablecoin onto its network, expanding DeFi capabilities.
JPMorgan’s JPM Coin Eyes $10B Daily as Adoption Accelerates
JPMorgan expects its JPM Coin to process up to $10 billion in daily transactions within a year as the adoption of the bank’s blockchain payments network grows.
Pacquiao Charity Leverages Shibarium for Operations
The Manny Pacquiao Foundation will use the Shiba Inu ecosystem’s layer 2 blockchain Shibarium for fundraising and operations to scale its charitable work providing housing, healthcare, and disaster relief.
Satoshi Bot: 50K Users in 1 Month for Leading Crypto Trading Bot
The AI-powered Satoshi Bot has attracted over 50,000 users in just one month, underlining its unmatched performance and becoming the top platform for crypto traders.