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Linear Finance has announced its closure due to financial difficulties amplified by Binance’s delisting of its LINA token. The team will soon provide users with instructions on liquidating their positions, marking the end of the project’s multi-year journey. Cross-Chain Protocol Linear Finance Winds Down After Market Woes Linear Finance, a cross-chain synthetic asset protocol, has … Read more
Crosschain US-dollar stablecoin USDT0 has been deployed to Optimism’s Superchain, increasing access to the world’s most widely used stable asset across Ethereum’s layer-2 ecosystem. On March 27, Optimism announced that the dollar-pegged USDT0 is now live on the OP mainnet. The crosschain stablecoin’s first deployment was on Ink, Kraken’s DeFi-focused layer-2. USDT0 is essentially a … Read more
Lawmakers in the US Senate Banking Committee questioned prospective Securities and Exchange Commission (SEC) member Paul Atkins on his ties to the crypto industry and how he might regulate digital assets if confirmed. Questioning Atkins at his nomination hearing on March 27, Massachusetts Senator Elizabeth Warren said the former SEC commissioner had had “staggeringly bad … Read more
Stablecoin issuer Circle and Intercontinental Exchange (ICE), the company that operates the New York Stock Exchange (NYSE) among others and provides clearinghouse services, are collaborating to explore stablecoin integration in ICE’s operations. The companies will explore the potential integration of Circle’s US dollar stablecoin (USDC) and its US Yield Coin (USYC) into ICE’s derivatives exchanges, … Read more
Economic experts and institutions are increasingly coalescing around heightened warnings of a U.S. recession in 2025, with some amplifying dire predictions of a dollar crisis and systemic instability. Recession Roulette The possibility of a U.S. recession in 2025 has ignited fierce debate among economists, financial institutions, and policymakers, with forecasts split between warnings of an … Read more
Officials with the Federal Bureau of Prisons have moved former FTX CEO Sam “SBF” Bankman-Fried to a transit facility days after right-wing political commentator Tucker Carlson interviewed him. As of March 27, the Federal Bureau of Prisons website showed Bankman-Fried was being housed at the Federal Transfer Center (FTC) in Oklahoma City, suggesting that he … Read more
NYSE parent ICE and crypto titan Circle team up in a landmark move to turbocharge Wall Street’s adoption of Circle’s $60B stablecoin USDC and tokenized money market assets. ICE and Circle Partner to Explore Stablecoin-Based Financial Products Intercontinental Exchange Inc. (ICE), the parent company of the New York Stock Exchange, and fintech firm Circle Internet … Read more
Bitcoin is seeing unprecedented adoption with the US establishing a “strategic Bitcoin reserve,” but some prominent Bitcoin advocates believe the project is getting away from its roots. Earlier this year, Jack Dorsey, a Bitcoin proponent and founder of Twitter, said that he believed if Bitcoin becomes just a form of “digital gold” then the project … Read more
U.S. Reps. Tom Emmer (R-MN) and Darren Soto (D-FL) reintroduced the bipartisan Securities Clarity Act on Tuesday to establish regulatory distinctions between securities and commodities in the digital asset sector, aiming to resolve long-standing legal ambiguities. Securities Clarity Act Aims to Resolve Crypto Regulatory Uncertainty The bill seeks to clarify jurisdictional boundaries for regulators and … Read more
Ripple has partnered with African payment infrastructure provider Chipper Cash to support crypto-enabled cross-border payments. According to a March 27 announcement, Chipper Cash will use Ripple Payments for its cross-border transactions as part of the deal. The companies said the partnership is designed to offer faster, cheaper and more efficient settlements. Chipper Cash. Source: Chipper … Read more