Tag: On-chain

Law and Order

Bureaucratic Stalemate Keeps India on Sidelines as Stablecoin Race Heats Up in Asia

In brief Polygon’s Aishwary Gupta says no Indian government department wants ownership of stablecoin regulation, creating bureaucratic deadlock across agencies. Gupta estimates India could save $68 billion annually through stablecoin integration, but regulatory uncertainty prevents banks from acting. 80-85% of India’s top crypto talent has relocated internationally, Gupta said, while Asian neighbors advance clear stablecoin…

Markets

Bitcoin, XRP and Solana Bounce Back: Here’s What’s Going On

In brief Bitcoin and other major cryptocurrencies posted gains Tuesday morning, driven by expectations of a rate cut. Experts further attributed the recent uptick to a weakening U.S. dollar, Metaplanet’s 1,009 BTC acquisition, and rise in open interest. Analysts noted that a hawkish commentary post-rate cut decision from the Fed could trigger volatility spikes. The…

Uncategorized

xStocks launch on Ethereum

We’re excited to announce the next major step in the rapid growth of xStocks, the industry’s gold standard for tokenized equities. In partnership with Backed, Kraken is bringing xStocks to the Ethereum blockchain, unlocking a new wave of opportunities for tokenized stocks and ETFs to be integrated across the world’s most widely adopted smart contract…

DeFi

Decentralized Exchange BunniXYZ Loses $8.4M in Liquidity Exploit

In brief Decentralized exchange BunniXYZ has reportedly lost $8.4 million to a liquidity-based security exploit. The DEX has paused all smart contract activity on its network and is “actively investigating” the attack. Hackers reportedly manipulated Bunni’s “liquidity curve,” also known as its LDF, to carry out the exploit. Decentralized exchange (DEX) BunniXYZ has reportedly lost…

Technology

BRC-20 Indexer Upgrade Brings Ethereum-Like Features to Bitcoin

In brief BRC-2.0 embeds EVM functionality directly into Bitcoin’s BRC-20 indexer. The upgrade aims to expand Bitcoin tokens beyond meme coins into programmable assets. Backers say the move positions BRC-20 ahead of Runes by enabling a DeFi ecosystem. BRC-20, the first token standard built directly on Bitcoin’s base layer and indexers, has officially launched “BRC2.0”…