Everything web3, crypto, defi, degen
In brief The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said. Wyoming’s Select Committee on Blockchain urged the Commission issuing WYST to “resist pressure to act as a political or financial gatekeeper.” The GENIUS Act’s passage could increase crypto…
Here’s some more information about the tokens: Virtuals Protocol (VIRTUALS) is a digital asset based on blockchain technology.which enables decentralized peer-to-peer transactions . Trading with Virtuals Protocol can offer portfolio diversification opportunities, potential profits from market movements, and exposure to one of the most active areas of global finance. Fetch.ai (FET) is building a decentralized…
In brief OSL Group is raising HK$2.36 billion (US$300 million) through new share issuance. About $90 million is earmarked for stablecoin and payment infrastructure. Observers say the move positions OSL to capitalize on early demand for compliant stablecoin rails in Asia. OSL Group, Hong Kong’s first licensed digital asset exchange, said Friday it will raise…
In brief The XRP Ledger is experiencing a shift away from retail activity, according to a Serotonin analyst. The network is now more akin to a “interbank settlement network” and is losing steam with retail users. The shift comes amid XRP’s surge to a new all-time high price last week. Ripple-linked asset XRP surged to…
In brief Ben “Funky” Askren promoted a Solana meme coin on his social media on Wednesday, which was “rug pulled” not long after. It appears to have come as part of a paid promotion with Sahil Arora, the celeb coin creator behind Caitlyn Jenner’s infamous venture into crypto. Arora told Decrypt Askren was aware of…
We’re excited to announce plans to introduce the $INK token and Ink Layer 2 into our existing product suite, unlocking a new wave of use cases powered by onchain protocols and infrastructure. We aim to deliver seamless onchain experiences and new opportunities for our global client base. $INK will be issued by a subsidiary of…
In brief Trump’s crypto task force will release its 180-day report on July 30, Bo Hines, the group’s executive director, said Wednesday. The report is expected to outline stablecoin oversight, token classification, and enforcement reforms following the GENIUS and CLARITY Acts, Decrypt was told. Experts say it may propose building a Bitcoin reserve using seized…
In brief PayPal will launch a platform this fall linking domestic wallets like UPI and WeChat Pay to its global merchant network. The service mirrors stablecoin functionality but runs on traditional fiat rails, without blockchain infrastructure. It comes as PayPal continues to support and integrate its stablecoin, PYUSD, into its broader product suite. U.S. payments…
In brief The Senate just released a discussion draft of its own crypto market structure legislation. The House passed a companion bill last week, dubbed the CLARITY ACT. The Senate’s version differs in some meaningful ways, but the aim is the same. And it directly impacts crypto startups and future token sales through ICOs. The…
In brief Block on Wednesday joined the coveted S&P 500. Its payments company, Square, started rolling out a Bitcoin accepted feature. Owen Jennings, said on Tuesday that Block’s point-of-sale payment company, Square, was onboarding customers for “the new native Bitcoin acceptance experience.” Jack Dorsey’s Block (XYZ) has started adding the first customers for its Bitcoin…
