Day: October 26, 2025

Meteora Co-Founder Hit with New Lawsuit Over Token Scams Linked to Trump, Milei

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Revised lawsuit claims Chow’s group used popular names to lure investors into Solana-based pump-and-dump schemes. Benjamin Chow, a well-known crypto developer and co-founder of the Meteora decentralized exchange on Solana, has been fingered as the driving force behind a plan to cheat investors through 15 different token schemes. A revised version of a class-action lawsuit that was first filed in a New York federal court on April 21, 2025, says that Chow, Meteora, and Kelsier Ventures, a firm run by Hayden Davis and some of his family members, used…

Entire Startup Lifecycle to Move Onchain

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Coinbase CEO Brian Armstrong has outlined an ambitious plan to move every stage of a startup’s journey, from incorporation to fundraising and public trading, onto the blockchain. Speaking on the TBPN podcast, Armstrong described his vision for an onchain lifecycle where founders could incorporate their startups, raise seed rounds, receive instant capital in USDC (USDC) and eventually go public through tokenized equity. “You can imagine this whole life cycle coming onchain,” he said, adding that such a shift could “increase the number of companies who go raise capital and get…

Coinbase’s x402 Transactions Rise 10,000% in a Month

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An online payments protocol introduced by Coinbase in May that enables AI agents to transact in stablecoins over the internet has seen more than a 10,000% increase in transaction activity over a last month. At the time, Coinbase said x402 fixes “the internet’s first mistake” by resurrecting the Internet Communication Protocol’s Hypertext Transfer Protocol 402 — or HTTP 402 — to create a seamless payment system native to the internet. It lets AI — and humans — pay directly while using a website or app: they request something, receive a…

Kyrgyzstan Launches Stablecoin While Confirming Future CBDC

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Kyrgyzstan has rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve. The KGST stablecoin will run on the BNB Chain, and BNB (BNB) would be included in the crypto reserve if launched, according to former Binance CEO Changpeng ‘CZ’ Zhao, who attended the National Council for the Development of Virtual Assets and Blockchain Technologies’ second meeting on Friday with President Sadyr Japarov. The first meeting took place around April, when CZ became…