Category: Reviews

Hyperliquid to cut fees and put USDH stablecoin up for validator vote

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Key Takeaways Hyperliquid is initiating an on-chain validator vote to select a team for the USDH stablecoin ticker. The protocol will reduce spot trading fees by 80% to enhance liquidity and user experience. Share this article Hyperliquid will implement reduced fees for spot trading pairs and open a validator voting process for its USDH stablecoin ticker, the project announced on Discord. The protocol plans to cut taker fees, maker rebates, and user volume contributions by 80% for spot pairs between two spot quote assets in its next network upgrade to…

Tether in talks to invest in gold miners as its gold reserves hit $8.7 billion

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Key Takeaways Tether is actively exploring investments in the gold mining industry to diversify its holdings. The company operates both USDT and XAUt tokens, with huge gold reserves and a growing presence in commodity markets. Share this article Tether is exploring investments across the gold industry, from mining and refining to trading and royalty companies, the Financial Times reported Thursday. The leading stablecoin issuer, which runs a gold-backed stablecoin called XAUt, is said to have engaged with mining and investment groups over investment opportunities. One of them was Terranova Resources,…

El Salvador acquires $50M in gold for the first time since 1990 as Bitcoin bet continues

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Key Takeaways The Central Reserve Bank of El Salvador has increased its total gold holdings to 58,105 troy ounces from 44,106 troy ounces. Gold and silver prices recently reached record highs amid economic and political volatility. Share this article El Salvador’s Central Reserve Bank (BCR) announced on Thursday that it had acquired 13,999 troy ounces of gold, worth approximately $50 million, for the first time since 1990. The acquisition brings its total gold stash to 58,105 troy ounces, with an estimated value of $207 million. Gold represents about 20% of…

World Liberty blacklists Justin Sun’s address, freezing $3B in WLFI tokens

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Key Takeaways World Liberty Financial blacklisted an address tied to Justin Sun, freezing 540M unlocked and 2.4B locked WLFI tokens. The move followed transfers of 60M WLFI worth $9M to exchanges, sparking concerns over token selling. Share this article World Liberty Financial (WLFI) has blacklisted an address linked to Justin Sun, freezing about 540 million unlocked tokens and 2.4 billion locked, according to Zoomer News post on X. The move was likely triggered by transfers of 60 million WLFI tokens, worth roughly $9 million at the time, sent to exchanges,…

Nasdaq-listed Webus plans to bring XRP payments to Air China loyalty members

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Key Takeaways Webus plans to introduce XRP payments for Air China’s PhoenixMiles loyalty members via Wetour. The integration aims to offer faster settlement, tokenized rewards, and blockchain-enabled vouchers for travelers. Share this article Nasdaq-listed Webus International Limited has formed a strategic partnership with Air China Limited, one of China’s three major state-owned airlines, to offer airport transfers and premium chauffeur services to PhoenixMiles members worldwide through its Wetour travel service brand, according to a recent announcement. The company, which recently secured up to $100 million in funding through a senior…

Cardano audit confirms 99.7% of voucher ADA redeemed, dismisses misconduct allegations

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Key Takeaways The joint audit confirms 99.7% of voucher ADA was successfully redeemed, with no substantiated claims of wrongdoing. Unclaimed ADA was allocated to Cardano Development Holdings for ecosystem grants and initiatives. Share this article Input Output Global (IOG) has published the results of a months-long investigative report and forensic audit into Cardano’s ADA Voucher Program. The review, released on Sept. 3, found no evidence of wrongdoing and confirmed that nearly all vouchers had been successfully redeemed. Conducted by law firm McDermott, Will & Schulte and accounting firm BDO, the…

How to cut through the noise in crypto prop trading

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Share this article You’ve honed your strategy, you understand market dynamics, and you’re ready to trade with more significant capital. The world of proprietary trading offers a compelling path forward, but entering the crypto prop space often feels like stepping into a jungle without a map.  There’s an explosion of firms, each promising opportunity, but the path to finding a reliable partner is rarely straightforward. How do you separate the genuine opportunities from the ones that will waste your time and money? The Maze of Modern Prop Firms If you’ve…

Polymarket CEO confirms readiness to launch in US after CFTC event contract ruling

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Key Takeaways Polymarket is set to launch US operations after the CFTC issued a no-action letter regarding event contracts. The company’s $112 million acquisition of QCEX’s holding company establishes Polymarket US and Polymarket Clearing for regulated prediction contract trading. Share this article Polymarket CEO Shayne Coplan said the Commodity Futures Trading Commission’s (CFTC) recent no-action letter on event contracts provides the regulatory clarity needed for the platform to go live in the US. In a statement praising the regulator, he described the process as completed in record time and called…

SEC and CFTC open doors for spot crypto trading on US registered exchanges

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Photo: Tierney L. Cross Key Takeaways The SEC and CFTC issued a joint staff statement clarifying that registered US exchanges are not prohibited from listing certain spot crypto products. Agency leaders framed the move as a reversal from past mixed signals, part of efforts to make the US a global hub for blockchain innovation. Share this article The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint staff statement clearing the way for US-registered exchanges to list and facilitate trading of certain spot…

Coinbase to launch traditional equities futures with first Mag7 and crypto equities index

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Key Takeaways Coinbase is launching traditional equities futures products starting with indices tracking the Magnificent Seven and crypto equities. This move marks Coinbase’s first entry into traditional equity derivatives, diversifying beyond its core crypto offerings. Share this article Coinbase is expanding its derivatives lineup with the launch of Mag7 + Crypto Equity Index Futures, marking its first entry into traditional equity derivatives. The contracts will debut on September 22 and provide combined exposure to both US tech giants and crypto-related equities. The index will track the Magnificent Seven stocks, Apple,…