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Recent large-scale USDC burns by Circle, the issuer of the stablecoin, are raising concerns in the crypto community amid news of increased regulatory scrutiny on stablecoins in the US. According to Peckshield, the USDC stablecoin has been experiencing unusual activity with frequent large-scale mint-burn transactions. In the past 24 hours,
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Despite objections from a16z, the proposal to deploy Uniswap on BNB Chain using the Wormhole bridge has passed with an overwhelming majority. On the evening of February 10, the community vote on Uniswap’s proposal to launch the DEX on BNB Chain concluded with strong support. Specifically, 65.89% of
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Chingari, the video social network akin to TikTok, is set to integrate with the Aptos blockchain following a recent investment. On February 8, it was announced that the decentralized Indian video social network Chingari will partner with Aptos for its blockchain infrastructure. Taking a giant leap towards onboarding the FIRST
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The price of STG tokens for the cross-chain protocol Stargate Finance has jumped approximately 13% following news of its partnership with Trader Joe, the largest DEX on Avalanche. As reported by Coin68 on February 7, Trader Joe officially partnered with LayerZero, the infrastructure solutions platform behind Stargate Finance, to enhance
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Despite sparking controversy within the Bitcoin community, Ordinals NFTs have garnered increasing attention, with over 13,000 Ordinals minted in just two months since launch. As previously reported by Coin68, the Bitcoin community has been divided over the network’s primary use case—whether it should be focused solely on
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Justin Sun’s TRON blockchain has fulfilled its previous commitment to AI development with the establishment of a $100 million fund. On February 9, TRON announced the creation of its TRON AI Development Fund, allocating $100 million to support initiatives in artificial intelligence (AI). This move comes amid increasing media
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Tether, the issuer of the USDT stablecoin, has released its latest financial results, showing a net profit of $700 million for Q4 2022. On February 9, Tether published its latest asset report, audited by BDO. The auditing firm confirmed: “Tether’s reserves remain highly liquid, with the majority of investments
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LocalBitcoins, one of the oldest P2P crypto exchanges, has unexpectedly announced its closure "due to market conditions." On the evening of February 9, 2023, LocalBitcoins, a P2P Bitcoin exchange founded in 2013 and based in Helsinki, Finland, announced that it will be shutting down. 🧡💙 pic.twitter.com/4j5M7iZkaD
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Metaverse platform The Sandbox (SAND) has entered into a collaboration agreement with the Saudi Arabian government, causing a significant surge in the price of SAND. According to a LinkedIn post by The Sandbox COO Sebastien Borget, the project has secured a partnership with Saudi Arabia. The Sandbox team is currently
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The cryptocurrency market is experiencing a green wave following remarks from Federal Reserve Chair Jerome Powell. Market Swings After Fed Chair Jerome Powell's Speech Early on February 8 (Vietnam time), Federal Reserve Chair Jerome Powell delivered a speech on the U.S. economic outlook and monetary policy at
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Acala, a leading DeFi project on Polkadot, has unveiled a new solution to enable Ethereum Virtual Machine (EVM) compatibility for Polkadot projects. On the evening of February 8, Acala (ACA) announced the launch of the Acala EVM+ mainnet, a programming environment compatible with Ethereum Virtual Machine (EVM). This development will
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The RNDR token of Render Network, a blockchain-based GPU solution project, has surged by 80% over the past week following the approval of a new mint-and-burn token model. On January 31, Render Network's governance forum approved a proposal for a model balancing the issuance (mint) and destruction (burn)
