Coindesk

Solana-based bonk (BONK) led growth among dog-themed memes Saturday as bitcoin staged a recovery rally to above $98,000, a day after Friday’s bloodbath that pushed it near $93,000.BONK surged 30%, CoinGecko data shows, with dogecoin (DOGE), shiba inu (SHIB), dogwifhat (WIF) and floki (FLOKI) surging as much as 20%. The dog-themed token category gained 8% on average in the past 24 hours, beating a market-wide jump of 4.5% as tracked by the broad-based CoinDesk 20 (CD20) index.Memecoins are known for their high volatility and tend to outperform major tokens during price rallies, serving as a leveraged bet on the overall crypto market sentiment.However, in this case, fundamentals are helping back gains and sentiment among some memecoins. FLOKI was named alongside...

YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether.Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. That $7.50 is the same price per share Tether is paying for its stake."I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth," said Rumble CEO Chris Pavlovski."Legacy media has increasingly eroded trust, creating an opportunity for platforms like Rumble to offer a credible,...

There's been a change of guard at the rankings of the $3.4 billion tokenized Treasuries market.Asset manager Hashnote's USYC token zoomed over $1.2 billion in market capitalization, growing five-fold in size over the past three months, rwa.xyz data shows. It has toppled the $450 million BUIDL, issued by asset management behemoth BlackRock and tokenization firm Securitize, which was the largest product by size since April.USYC is the token representation of the Hashnote International Short Duration Yield Fund, which, according to the company's website, invests in reverse repo agreements on U.S. government-backed securities and Treasury bills held in custody at the Bank of New York Mellon.Hashnote's quick growth underscores the importance of interconnecting tokenized products with decentralized finance (DeFi) applications and...

Tether, the crypto company behind the $140 billion cryptocrrency USDT, is working on an artificial intelligence (AI) platform and aiming to debut early next year, according an X post by CEO Paolo Ardoino. "Just got the draft of the site for Tether's AI platform. Coming soon, targeting end Q1 2025," Ardoino posted on Friday.Tether is known for issuing USDT, the most popular stablecoin in the market, but the company recently made significant efforts under Ardoino's leadership to expand its business beyond stablecoin issuance.Read more: Tether’s Paolo Ardoino: Building Beyond USDTIt invested in several companies across sectors including energy, payments, telecommunications and artificial intelligence, entered into commodities trade financing and reorganized its corporate structure earlier this year to reflect its broadening...

Every few decades, a new technology emerges that changes everything: the personal computer in the 1980s, the internet in the 1990s, the smartphone in the 2000s. And as AI agents ride a wave of excitement into 2025, and the tech world isn’t asking whether AI agents will similarly reshape our lives — it’s asking how soon.But for all the excitement, the promise of decentralized agents remains unfulfilled. Most so-called agents today are little more than glorified chatbots or copilots, incapable of true autonomy and complex task-handling — not the autopilots real AI agents should be. So, what’s holding back this revolution, and how do we move from theory to reality?The current reality: true decentralized agents don’t exist yetLet’s start with...