TL;DR Ripple announces the development of a new stablecoin for digital transactions on XRPL and Ethereum. There is speculation about potential support from the U.S. government for the stablecoin, raising expectations. David Schwartz, the company’s CTO, argues that they must find a balance between the use of the stablecoin and XRP in cross-border transactions. Ripple has announced the development of a new stablecoin for the digital transactions market. This new digital asset will be able to conduct operations on both the XRPL and Ethereum networks. It represents a significant advancement in t ..read more

TL;DR Launch Postponed: The launch of the digital euro, Europe’s CBDC, is delayed until at least 2028 due to challenges in the preparation phase and the need for a thorough European legislative process. Privacy & Security Concerns: Critics highlight potential risks of CBDCs, including privacy infringement through transaction surveillance and vulnerability to cyber-attacks, questioning the improvement over existing payment systems. Economic Impact: The delay signifies Europe’s cautious stance on digital currency adoption, balancing innovation with financial stability, and continues the ant ..read more

TL;DR Morgan Stanley’s Consideration: The firm is contemplating allowing its 15,000 brokers to actively recommend Bitcoin ETFs to clients, aiming to capitalize on the growing interest in cryptocurrency investments. Risk Management: Morgan Stanley plans to implement controls or “guardrails” for solicited purchases, including risk tolerance requirements, trading frequency, and allocation limits to manage potential risks. Industry Comparison: The company’s strategy aligns with industry peers, offering Bitcoin ETFs to a broader client base while maintaining that they are speculative inv ..read more

TL;DR Chainlink launches Cross-Chain Interoperability Protocol (CCIP) for secure transfers between blockchains. CCIP enables messaging and transfers of tokens such as ETH, USDC, and LINK between multiple blockchains. The CCIP Local Simulator is included to develop cross-chain applications more efficiently. Chainlink has officially launched its broader Cross-Chain Interoperability Protocol (CCIP), allowing developers to securely transfer tokens and messages between different blockchains. CCIP offers arbitrary messaging capabilities and token transfers, including assets like ETH, USDC, and LIN ..read more

TL;DR Shiba Inu team member Lucie shares exciting updates on Shibarium for 2024/2025. Major developments are expected in ShibaSwap, Shibahub, TREAT Token, ShibaEternity P2E, Shiba Inu metaverse, K9finance, Liquid Staking and Layer 3 Testnet. Fully functional DAOs announced for all tokens in the Shiba ecosystem. Lucie, a prominent member of the Shiba team, has revealed exciting details about the upcoming updates and developments planned for Shibarium in the years 2024 and 2025. These updates promise to take the user experience to new heights within the Shiba Inu ecosystem. What's coming ..read more

TL;DR Hedge funds show growing interest in memecoins due to their high potential returns. Stratos achieves notable profits by investing in Dogwifhat, exemplifying the lucrative potential of these investments. Despite present skepticism, the evolution and improvement in memecoin infrastructure is attracting institutional investors to this emerging market. Hedge funds, known for seeking lucrative investment opportunities, are turning their sights to memecoins, those highly speculative cryptocurrencies that have captured the attention of the financial world. A recent Bloomberg report highlights ..read more

TL;DR Dexalot has launched the Central Limit Order Book (CLOB) on the Arbitrum network, expanding its reach beyond the Avalanche ecosystem. CLOB operates on a specific application blockchain, providing a user experience similar to centralized exchanges (CEX). Integration with Arbitrum provides a platform for projects to launch native tokens, potentially catalyzing adoption and innovation in the DeFi sector. The decentralized exchange Dexalot has launched the Central Limit Order Book (CLOB) on the Arbitrum network. This initiative represents a significant advancement for the DEX as it extends ..read more

TL;DR Renzo’s ezETH Token Value Drops: Renzo, the second-largest protocol for liquid restaking, experienced a significant drop in the value of its restaked ETH (ezETH) token. The price plummeted due to limited liquidity in the market, moving away from its usual 1:1 peg with WETH to a low of 0.27. Liquidation and Discontent: The liquidation likely occurred as users aimed to retrieve their ETH and use it on other fluid re-staking platforms. An error in the token supply chart, which suggested that 65% of the supply was allocated to the team and investors, led to widespread discontent within the ..read more

TL;DR The number of addresses holding and using stablecoins has significantly increased this year, reaching a record high of over 93.6 million. Tether (USDT) leads the market, with a market capitalization of $114.07 billion, which accounts for more than 80% of the total addresses. USDC and BUSD closely follow. A bill has been introduced in the United States to regulate them. According to recent data, the number of addresses holding and using stablecoins has significantly increased this year, reaching a record high of over 93.6 million, representing a 15% increase compared to previous periods ..read more

TL;DR Bullish on Bitcoin: Arthur Hayes, co-founder of BitMEX, is optimistic about Bitcoin’s future, citing the macroeconomic environment and the potential burst of the sovereign debt bubble as catalysts for growth. Market Transition: Hayes notes the market is moving past a period of weakness and suggests that the factors driving Bitcoin’s past success may differ from those that will propel it in the future. Political Influence: The polarized US political scene, especially with the upcoming 2024 presidential election, may lead to negative real yields and drive investors towards assets like Bit ..read more