Crypto News
Russia Eyes Own Stablecoins After USDT Blockage
A senior official from Russia’s Finance Ministry has suggested that the country should develop its own stablecoins pegged to various currencies following the recent blocking of USDT stablecoin wallets linked to Russia. Dollar-pegged stablecoins have gained popularity for facilitating fund transfers between cryptocurrencies and cash, especially as Western sanctions have complicated international payments for RussianSource link
Three Wallets Snag ‘Base is for everyone’ Tokens Before Official Announcement, Profiting $666K
Token debuts remain a contentious issue, often criticized for their poor execution that allows individuals, supposedly armed with insider information about impending launches, to profit through front-running campaigns.The latest example is the "Base is for everyone" token announced by Coinbase's Ethereum Layer 2 solution Base on Wednesday. Three crypto wallets bought tokens ahead of the official announcement on X, resulting in significant profits, according to blockchain sleuth Lookonchain.At around 19:30 UTC on Wednesday, Base announced the debut of its token minted via Zora, an on-chain social network, empowering creativity by turning any content posted on its network into tradable coins. The token quickly rose to a market capitalization of over $15 million, bringing significant gains to at least three crypto...
A16z Calls on SEC to Update Crypto Custody Rules for Registered Investment Advisers
A16z has penned a letter to the SEC calling for revised custody rules to allow RIAs to hold crypto assets directly.Source link
Auradine Raises $153M in Series C to Boost Blockchain and AI Infrastructure
Auradine, a U.S.-based firm in energy-efficient blockchain and artificial intelligence (AI) infrastructure, has raised $153 million in a Series C funding round to accelerate its growth and innovation. Auradine Hits $300M Total Funding With Latest $153M Investment The oversubscribed round was led by Stepstone Group and included participation from Maverick Silicon, Premji Invest, Samsung CatalystSource link
Bitwise Launches 4 Crypto ETFs on London Stock Exchange
Bitwise supercharges its European expansion by listing four top-tier crypto ETPs on the London Stock Exchange, unlocking elite access for UK investors. Bitwise Unleashes Institutional Crypto Arsenal on LSE in Major UK Power Play Asset management firm Bitwise announced on April 16 that it had listed four of its Germany-issued crypto exchange-traded products (ETPs) onSource link