Crypto News
FDUSD Depegs After Justin Sun Alleges First Digital Is ‘Insolvent’ Amid $456M Dispute
First Digital’s stablecoin, FDUSD, slipped almost 10% today, falling below its intended peg after news broke of a lawsuit targeting the company’s CEO. Adding fuel to the fire, Tron founder Justin Sun took to X on Wednesday, declaring First Digital “insolvent.” Stablecoin FDUSD Slips as Legal Action, $456M Allegations Hit First Digital Earlier that sameSource link
Galaxy Secures UK Approval for License to Expand Derivatives Trading
Galaxy Digital UK, the subsidiary of Mike Novogratz-led digital asset financial services firm's application for a license to execute derivatives trading in the U.K. has been approved by the Financial Conduct Authority (FCA).The firm's Investment Banking arm will also use Galaxy Digital UK’s FCA authorization to provide capital raising and investment banking services, according to a statement on Wednesday. The Galaxy U.K. subsidiary will also support its asset management business with fund distribution activities.Galaxy Digital UK is on the FCA's investment firms register, which is for firms authorized to perform MiFID investment services or activities. Galaxy also joined the FCA's crypto register in 2021.“London is a critical financial hub, and this authorisation allows us to deepen our presence in the...
Grayscale Debuts More Bitcoin ETFs—With a Twist
Two new funds will use covered call strategies that allow holders to buy equity shares they already own at a given price.Source link
Ben Fielding: Decentralizing Machine Intelligence
It started with a noisy desk. The desk was a wooden cubicle in a lab at Northumbria University, in northern England, where a young AI researcher began his PhD track. This was in 2015. The researcher was Ben Fielding, who had built a large machine stuffed with early GPUs to develop AI. The machine was so loud it annoyed Fielding’s lab-mates. Fielding crammed the machine beneath the desk, but it was so big he had to awkwardly stick his legs to the side.Fielding had some unorthodox ideas. He explored how “swarms” of AI — clusters of many different models — could talk to each other and learn from each other, which might improve the collective whole. There was just one...
BingX Launches StakeStone Launchpool to Unlock Staking and Cross-Chain Liquidity
This content is provided by a sponsor. PRESS RELEASE. PANAMA CITY, April 2, 2025 – BingX, a global leading cryptocurrency exchange, is excited to introduce StakeStone (STO) to the BingX Launchpool, offering its users a zero-fee staking experience with real-time earnings visibility and flexible withdrawal options. Running from April 2 to April 7, this initiativeSource link