The four-year legal battle between Ripple and the SEC has finally ended with a major victory for Ripple. The SEC originally demanded a massive $2 billion fine, but Ripple only has to pay $125 million, a 94% reduction! This is a huge win for Ripple, and it could mean big…
In a post on X on Sept. 12, Justin Sun let rip at Coinbase, stating that its wrapped Bitcoin launch was a “dark day for BTC.” Sun said that cbBTC lacks proof-of-reserve, has no audits, and the company can freeze anyone’s balance anytime. He said it essentially is “just trust me,”…
RootstockCollective has been unveiled as the first DAO on Bitcoin layer-2 Rootstock. The DAO will allow holders of Rootstock token RIF to earn voting rights through staking their tokens. NFTs arrived on Bitcoin last year. Then fungible tokens came to the oldest and largest blockchain – along with dozens of…
Aave DAO has received a proposal to integrate Coinbase’s upcoming Bitcoin wrapper, cbBTC, into its V3 platform on the Ethereum mainnet and Base. In a Sept. 10 post, Aave’s founder, Stani Kulechov, explained that the proposal aimed to position Aave as the preferred platform for launching Tier-1 assets. Proposal details…
СbBTC, Coinbase’s new Bitcoin wrapper offering, is slated for launch in the coming weeks. The exchange initiated plans for the product after the Wrapped Bitcoin (WBTC) controversy involving BitGo and Justin Sun. Stani Kulechov, the founder and CEO of Aave and ETHLend, recently shared a proposal on X. He explained…
This launch addresses the increasing demand for stablecoin borrowing, which has grown due to the rising use of wrapped Ether (weETH) as collateral on Aave. AAVE’s EtherFi Rollout: A Key Driver Behind $260 Forecast In a public statement, Aave DAO said that the high demand for borrowing weETH has led…
The U.S.-listed BTC exchange-traded funds (ETFs) hit $28.7 million in inflows on Monday, ending a long losing streak. BTC is trading below $56.5K, while the CoinDesk 20 (CD20) is up 2.3%. Spot bitcoin (BTC) exchange-traded funds (ETFs) listed in the U.S. posted just over $28.7 million in net inflows on…
While the Trump family has revealed very few details about the project, speculations are rife. Will the Trump Family Dump 30% of WLFI Supply? Reported by Dumpster DAO, an X account monitoring on-chain activities, WLFI is said to operate similarly to Aave but on Ethereum or Polygon mainnets. Information from…
These updates mark major steps toward enhanced decentralization and governance improvements for both blockchain ecosystems. Shiba Inu’s DAO Proposes New Directions for Funds The Shiba Inu community is currently voting on a proposal to allocate 37.5 ETH (approximately $100,000) received from its partnership with Welly’s. Shiba Inu’s lead developer, Shytoshi…
The Core Foundation announced Thursday that it is launching a liquid staking token backed by BTC on the Bitcoin-backed Layer 2 “Core” network. The token, named LstBTC, will be an ERC-20 token pegged 1:1 with BTC, that also accrues daily awards for holders. Liquid Staking On Bitcoin According to Core…