Polymarket soared to unprecedented highs on Election Day, with open interest reaching $463 million as users flocked to bet on the high-stakes race between former President Donald Trump and Vice President Kamala Harris. This surge marked a 40% increase in open interest from the previous week, underscoring Polymarket’s growing status as a pulse of political […]
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The pilot was run as part of the Monetary Authority of Singapore's Project Guardian.
Swift, the global bank messaging network, announced on Nov. 5 that it has concluded a pilot program to streamline tokenized fund settlement and redemption using fiat currency on its network in collaboration with UBS Asset Management and Chainlink. This initiative aims to link digital asset transactions with existing fiat payment systems, reaching over 11,500 financial […]
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The Monetary Authority of Singapore (MAS) has announced several initiatives designed to enhance tokenization within the financial sector, according to a Nov. 4 statement. According to the regulator, the move aims to strengthen tokenized assets’ liquidity and support market infrastructure growth. To help drive the adoption of tokenized assets, MAS will establish commercial networks, develop […]
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Tether CEO Paolo Ardoino has dismissed recent speculation about the company’s plans to launch a proprietary blockchain network. In a Nov. 3 post on X, Ardoino clarified that Tether does not intend to create its blockchain. He emphasized the company’s position by writing: “Tether is not planning to build an official blockchain at this time.” […]
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Researchers Justin Drake and Drankrad Feist set off a controversy in May when they revealed that they'd accepted big token payouts from EigenLayer, raising conflict of interest concerns.
UBS Asset Management, a subsidiary of Zurich-headquartered investment bank UBS, has launched its inaugural tokenized fund on the Ethereum blockchain, aiming to expand access for its clients. According to a Nov. 1 statement, the new product — the “UBS USD Money Market Investment Fund Token” or “uMINT” — offers clients an innovative investment solution. Token […]
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Binance is turning to Amazon Web Services (AWS) and its advanced generative AI tools to enhance user experience on its platform, according to an Oct. 31 statement shared with CryptoSlate. By incorporating AWS’s Cloud and Generative AI technologies, Binance aims to streamline user onboarding, strengthen customer support, and improve internal systems for automated diagnostics and […]
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The goal of allowing greater utility on the Bitcoin blockchain is one of almost existential importance, according to Citrea
Asia has surpassed North America as the leading hub for crypto developers, according to a report from Electric Capital. Maria Shen, partner at Electric Capital, pointed out that Asia has steadily increased its share of global crypto developers, climbing from 13% to 32% since 2015. In contrast, North America’s share dropped from 44% to 25% […]
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Tron founder Justin Sun said the blockchain’s integration of Chainlink would present significant opportunities for the two networks to grow in the stablecoin and real-world asset sector. In an Oct. 31 post on X, Sun stated: “[Tron] has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON’s official oracle. Once upgraded, $6.5B+ in DeFi TVL […]
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The US Treasury Department said tokenization and stablecoins are emerging forces that could transform the Treasury market, emphasizing both the benefits of these innovations and the risks they carry, according to a recent report. The report noted that as tokenization — the process of representing assets digitally on a blockchain — takes root, the Treasury […]
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In this week's issue of The Protocol, our newsletter on blockchain tech, we're covering the Optimism's $42.5M token pledge to Kraken, crypto VC funding, grants for Bitcoin open-source developers, and Polymarket's (negligible) impact on Polygon's bottom line.
Creator Or Dadosh says Venn creates a "completely new economy" for crypto security.
Starknet, the Ethereum layer-2 network, has hit a new transaction per second (TPS) milestone that outstrips that of other L2s. On Oct. 29, the project announced on X that its network reached a peak of 857 TPS on the Starknet Mainnet, surpassing its previous high of 503 TPS. The Starknet team later confirmed to CryptoSlate […]
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BOB's aim is to create bridges between itself and layer-1 blockchains like Ethereum, with the ultimate goal of making Bitcoin the center of DeFi. Its decision adds to the critical mass of blockchain developers choosing to build on Optimism's OP Stack.
Chainlink hopes CRE will be as important for Web3 as COBOL and JavaScript, which were important for automating finance and bringing it to the internet.
Nillion builds its service around the concept of "blind computing," the processing of data without having to reveal its contents.
TradFi payment company Visa is championing a new partnership with Coinbase to offer instant deposit services for customers using eligible debit cards, according to an Oct. 29 statement. Visa’s Head of Crypto, Cuy Sheffield, commented, “Excited for Visa to partner with Coinbase to help them utilize Visa Direct to fund Coinbase accounts and enable real […]
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Lido has announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking across Ethereum layer-2 networks such as Arbitrum, Base, and Optimism, according to an Oct. 29 statement shared with CryptoSlate. This integration will power Lido’s Direct Staking feature, allowing users to stake ETH from various blockchain networks and receive wrapped staked […]
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Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism's OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.
Ethereum founder Vitalik Buterin has added more to the section of the Ethereum roadmap called “The Splurge,” aiming to advance the Ethereum Virtual Machine (EVM) toward a stable, high-performance “endgame state.” According to the Oct. 29 technical blog post, this vision also included significant improvements in Ethereum’s user experience, security, transaction fee structure, and cryptographic […]
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The Hong Kong Monetary Authority (HKMA) announced a new partnership with Banco Central do Brasil (BCB) to advance cross-border tokenization initiatives, joining their respective digital currency infrastructures to conduct experimental transactions under Project Ensemble and Brazil’s Drex pilot program. The HKMA and BCB are exploring cross-border settlement models, focusing on payment-versus-payment (PvP) and delivery-versus-payment (DvP) […]
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Inco Network and Circle Research introduced the Confidential ERC-20 Framework, an innovative solution aiming to bring compliant privacy to public blockchains The whitepaper of the new framework, published on Oct. 28, transforms standard ERC-20 tokens into confidential, encrypted versions that shield transaction amounts and balances from public view, meeting regulatory demands for privacy without compromising […]
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Robinhood is broadening its offerings to attract more users by introducing investment contracts linked to the outcome of the November US Presidential election, according to an Oct. 28 statement. Event-based derivatives trading allows investors to speculate on specific occurrences, such as election outcomes or economic policy announcements, without purchasing related assets. According to the firm, […]
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