Day: December 18, 2025

Synthetix Returns To Ethereum Mainnet After 3 Years

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Perpetuals trading platform Synthetix is returning to Ethereum’s mainnet, with its founder arguing the network is now more than capable of supporting high-frequency financial applications after years of network congestion drove derivatives activity elsewhere. “By the time perp DEXs became a thing, the mainnet was too congested, but now we can run it back,” Synthetix founder Kain Warwick told Cointelegraph during an interview on Wednesday.  “It’s kind of crazy that there really hasn’t been a Perp DEX on mainnet,” he added, explaining that reduced demand after the perp DEX exodus,…

Cypherpunk Values are Dying, but They’re Not Dead Yet

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Not long before he died, Grandad said something that I thought was a little silly, a little old-fashioned. He declared that he didn’t trust the banks, and he didn’t want them to know what he did with his money. I scoffed at the time, paranoid old fella! But of course, it turns out I owe him an apology. As we were walking around his house, he motioned toward an off-white wall with an off-comfortable sofa in front of it. This piece of singularly ugly furniture hadn’t left its spot in…

Base Launches Tokenized ‘Everything App’ for Social, Trading, and Payments

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Base’s new tokenized app blends social content, crypto trading, and payments, with stocks and prediction markets coming. Coinbase’s ‘Everything app’ has officially launched, bringing social features, trading, payments, and earning tools into a single platform. The cryptocurrency exchange has also confirmed plans to introduce stock trading and prediction markets on the platform. Tokenized Social and Trading Platform First announced in July, the Base app was positioned as a rebrand of Coinbase Wallet, marking what the company described as a new chapter in its ecosystem. The beta version of the…

Sacks Says CLARITY Act Will Reach Senate Next Month

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The long-awaited Digital Asset Market Clarity Act, or CLARITY Act, is moving closer to passage, with a Senate markup expected in January, says White House artificial intelligence and crypto czar David Sacks. Sacks posted to X on Thursday that Senate Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman had confirmed that the bipartisan crypto bill will reach the Senate next month. ”We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job…

Coinbase Appoints George Osborne As Internal Advisory Council Chair

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Coinbase, the largest US-based crypto exchange, has appointed George Osborne, a former United Kingdom chancellor of the exchequer, to run the company’s internal advisory council. The decision to appoint Osborne, who began working as a Coinbase advisor in 2024 during its battle with the US Securities and Exchange Commission (SEC), is part of Coinbase’s strategy of expanding its influence with foreign governments, according to Reuters. Osborne announced the new lead position on Thursday, framing it as a learning opportunity. He said: “Serving on Coinbase’s advisory council for over two years,…

Crypto Whale Loses $38M in Multisig Exploit

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A crypto whale lost nearly $38M after an attacker drained a multisig wallet following a private key compromise. A crypto whale has lost roughly $38 million after an attacker took control of a multisig wallet and quietly drained its funds earlier today. The case is drawing close attention because the attacker not only moved assets through Tornado Cash but also retained control of a leveraged DeFi position tied to the compromised wallet. Multisig Drained After Private Key Compromise Blockchain security firm PeckShield reported on X on December 18 that…

Brazilian Stock Exchange to Launch Tokenization Platform and Stablecoin

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Brazilian stock exchange B3 announced a move deepening its ties to digital assets through the launch of a tokenization platform and stablecoin for settlements, starting in 2026. In a Tuesday notice to investors, B3’s vice president of products and clients, Luiz Masagão, said the exchange plans to launch a tokenization platform for traditional assets, starting with stock market offerings. He added that B3 would also issue its own stablecoin as “a tool to enable trading in tokens.” “The great value of having this tokenization platform connected to the traditional ecosystem…

Dollar Dominance in Global Debt Moves in Cycles, Fed-linked Study Finds

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A new Federal Reserve discussion paper finds that the US dollar’s role in global bond markets has risen and fallen in cycles over the past six decades, with no clear long-term trend toward either greater dollar dominance or de-dollarization. Using the Bank for International Settlements’ (BIS) international debt securities database, the authors identify three distinct “dollarization waves” since the 1960s, showing that shifts in currency use have followed cyclical patterns rather than a steady structural change in global financing. “We find no monotonic dollarization or de-dollarization trend; instead, the dollar’s…

NYSE Parent Company Mulls Investment in Crypto-Native MoonPay: Report

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Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is in talks to invest in crypto payments company MoonPay as part of the company’s latest funding round. MoonPay is seeking to raise funds at a $5 billion valuation, according to Bloomberg, which cited sources familiar with the deal and did not disclose the dollar amount of the potential investment. In October, ICE invested $2 billion in prediction platform Polymarket, in a funding round that brought the company’s valuation to $9 billion. MoonPay is a financial technology…