Crypto News
State of Crypto: Do Kwon Pleads Guilty
Terra/Luna creator Do Kwon pleaded guilty to one charge of conspiring to commit fraud and one charge of wire fraud on Tuesday, following an earlier not guilty plea and a very lengthy extradition process.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeTerraform Labs founder Do Kwon, who created the TerraUSD (UST) stablecoin and its counterpart Luna (LUNA) token, pleaded guilty to conspiracy to commit securities, commodities or wire fraud and wire fraudWhy it mattersTerra and its related ecosystem blew up in spectacular fashion in 2022, with Luna falling from an all-time high price of nearly $120 to less than 10 cents over the course...
Google Play Store Crypto Snafu, Blackrock Clarifies XRP ETF Stance, and More — Week in Review
Google Play Store snafu, Blackrock clarifies XRP ETF stance, ETH surges to $4,700, and more in this Week in Review. Week in Review Google clarified that self custody wallets would not be banned from the Play Store after confusion over a July policy update. Blackrock addressed speculation about a spot XRP ETF. Ethereum surged pastSource link
Stablecoin Boom Has Made Crypto Ramps ‘Sexier’ M&A Targets, Says VanEck VC
VanEck Ventures Managing Partner Juan Lopez thinks on- and off-ramps are getting a stablecoin glow-up following the GENIUS Act's passage.Source link
UNI Price Prediction: Targeting $14.18 by September 2025 as Bullish Momentum Builds
UNI price prediction shows strong upside potential to $14.18 within 4-6 weeks, with technical indicators supporting continued bullish momentum from current $11.17 level. (Read More)Source link
Why Circle and Stripe (And Many Others) Are Launching Their Own Blockchains
Every day, there seems to be a new blockchain for stablecoins.Or at least that’s how it felt this week, when USDC (USDC) issuer Circle announced Arc, its own settlement network, shortly after payments giant Stripe accidentally revealed Tempo, built in collaboration with Paradigm.They were the latest in a growing list. Startups Plasma and Stable both raised funds recently to develop dedicated chains for USDT (USDT), the $160 billion and largest stablecoin on the market.Tokenization players are piling in, too. Securitize is building Converge with Ethena, Ondo Finance announced its upcoming in-house chain earlier this year, and, just days ago, Dinari said it will soon launch an Avalanche-powered layer-1 network for clearing and settling tokenized stocks.Stablecoins and tokenized real-world assets are...