Crypto News
Robinhood, Kraken-Backed Global Dollar (USDG) Comes to Europe
Global Dollar (USDG), a stablecoin issued by regulated fintech Paxos, and backed by a consortium of heavy hitters that includes Robinhood, Kraken and Mastercard, is being made available to consumers across the European Union, according to a press release on Tuesday.USDG is regulated by Europe’s Markets in Crypto-Assets (MiCA), the Finnish Financial Supervisory Authority (FIN-FSA), and the Monetary Authority of Singapore (MAS), Paxos said in a statement.Demand for U.S. dollar-backed stablecoins is growing in Europe where Circle’s USDC token is the largest MiCA-regulated choice. USDG will make a significant impact as an alternative regulated option, Paxos said.“USDG is a fully regulated global USD-stablecoin that is compliant with MiCA and now available in the EU, a testament to our commitment to...
Hut 8 Raises $220 Million as Trump-Linked Crypto Projects Forge Deeper Ties With UAE
A new Dubai office will house a team focused on trading and comes as the mining firm clinches hundreds of millions of dollars.Source link
Exa Innovates with Multi-Agent Web Research System Using LangGraph
Exa has launched a cutting-edge multi-agent web research system leveraging LangGraph and LangSmith. The system processes complex queries with impressive speed and reliability. (Read More)Source link
Lightchain AI Is Gearing Up for Launch – Here’s What You Need to Know
This content is provided by a sponsor. As the Lightchain AI ecosystem continues to gain traction across the Web3 and AI communities, one question has become increasingly common in our forums and Telegram chats: “When is the official launch date?” It’s a fair question — and one we want to answer with full transparency andSource link
XRP, TRX, DOGE Lead Majors With Positive Funding Rates as Bitcoin’s Traditionally Weak Quarter Begins
A key metric called perpetual funding rates is signaling bullishness for top altcoins as bitcoin (BTC) kicks off the traditionally weak third quarter quarter with flat price action.Funding rates, charged by exchanges every eight hours, refer to the cost of holding bullish long or bearish short positions in the perpetual (perps) futures (with no expiry). A positive funding rate indicates that perps are trading at a premium to the spot price, necessitating a payment from longs to shorts to maintain bullish bets. Therefore, positive rates are interpreted as representing bullish sentiment, while negative rates suggest otherwise.As of writing, perps tied to payments-focused token XRP (XRP), the world's fourth-largest digital asset by market value, had an annualized funding rate of nearly...