Business – Page 566

BNY Launches Stablecoin Reserve Fund for Issuers Eyeing $1.5T Market

BNY, one of the oldest banks in the United States, is rolling out a new money market fund aimed at helping stablecoin issuers meet federal reserve requirements under U.S. regulations, the firm announced Thursday. The BNY Dreyfus Stablecoin Reserves Fund (BSRXX) is designed to hold cash-equivalent reserves for stablecoins issued under the GENIUS Act, a […]

BNY Launches Stablecoin Reserve Fund for Issuers Eyeing $1.5T Market Read More »

Leading base DEX Aerodrome merges into Aero under major overhaul

Business / Leave a Comment

Dromos Labs, the core developer behind decentralized exchanges (DEX) Aerodrome on Base and Velodrome on Optimism, announced on Wednesday a major overhaul of its decentralized exchange infrastructure with the launch of Aero, a unified trading system that will replace and merge its existing platforms across both networks, as well as expand to other Ethereum chains.

Leading base DEX Aerodrome merges into Aero under major overhaul Read More »

Nearly 25% of adults with internet access in Asia may own crypto, the report says

Business / Leave a Comment

Nearly a quarter of adults with internet access may own cryptocurrency in the Asia-Pacific region, a report jointly compiled by Protocol Theory and CoinDesk said on Friday. The report, based on a survey of 4,020 people in 10 different countries and extrapolated to the wider APAC region, further suggested that crypto adoption is spurred by

Nearly 25% of adults with internet access in Asia may own crypto, the report says Read More »

BONK falls 3.9% to $0.00001223 on heavy volume as technical weakness continues

Business / Leave a Comment

BONK fell 3.9% to $0.00001223 on Wednesday as the memecoin fell below key support levels amid a sharp increase in trading activity. The token traded between $0.00001279 and $0.00001198, a wide 42% intraday range that reflected persistent technical weakness rather than any clear fundamental catalyst, according to CoinDesk Research’s technical analysis data model. Trading volume

BONK falls 3.9% to $0.00001223 on heavy volume as technical weakness continues Read More »

Emory University adds to holdings

Business / Leave a Comment

Emory University moved further into bitcoin BTC$100,180.11 during the third quarter. The Georgia-based private research university reported holding over 1 million shares of Grayscale Bitcoin Mini Trust on Sept. 30, according to a 13F filing Thursday. This stake was worth nearly $52 billion at the time, though considerably less now at current prices. The school

Emory University adds to holdings Read More »

dYdX Governance approves buyback increase to 75% of protocol revenue

Business / Leave a Comment

The dYdX community voted for an updated buyback program on their governance forum on Thursday. Under previous governance, 25% of net protocol revenue was allocated to repurchasing DYDX on the open market and then staking the tokens. The new proposal #313, which 59.38% of the community approved, sets a course to raise the buyback award

dYdX Governance approves buyback increase to 75% of protocol revenue Read More »

Upexi (UPXI) approves $50M. share buyback after 50% share wear

Business / Leave a Comment

Upexi (UPXI), a Nasdaq-listed digital asset finance company focused on Solana SUN$143.26said Thursday that the board has approved repurchasing up to $50 million of its own stock. The buyback program gives the company flexibility to buy shares on the open market, depending on conditions and liquidity, the company states in the press release. CEO Allan

Upexi (UPXI) approves $50M. share buyback after 50% share wear Read More »

Falling 5% as sellers dominate. Can it claim the $15 back?

Business / Leave a Comment

Chain link LINK CONNECTION$14.18 the token extended its slide on Thursday, falling nearly 5% over the past 24 hours and breaking below $14.50 as technical sellers overwhelmed buyers. LINK fell from $15.26 to $14.73 during the day and then continued lower, marking its weakest level since late October, CoinDesk data showed. The token underperformed the

Falling 5% as sellers dominate. Can it claim the $15 back? Read More »

Slides 5% to $145 as technical breakdown overshadows ETF momentum

Business / Leave a Comment

According to CoinDesk Research’s technical analysis data model, solana SUN$142.68 crashing through critical support levels in a dramatic Wednesday session. The token fell 5.24% to $145.43, erasing gains from the previous week. Trading volume exploded 13.23% above weekly averages as institutional selling dominated price action. The collapse accelerated in the final trading hours. SOL collapsed

Slides 5% to $145 as technical breakdown overshadows ETF momentum Read More »

Bitcoin Dumps Below $99,000 But Retail Sentiment Blinks Bottom For BTC, ETH, XRP

Business / Leave a Comment

According to Santiment, social sentiment around the majors has worsened sharply in recent days, with traders turning noticeably defensive as prices continue to fall. That kind of fatigue typically occurs near inflection points — not at the start of new downtrends — and the data is starting to reflect that. “Bitcoin has dumped below $100K

Bitcoin Dumps Below $99,000 But Retail Sentiment Blinks Bottom For BTC, ETH, XRP Read More »