News

Tether is in talks with Big Four firms for a third-party audit as stablecoin regulations tighten

March 25, 2025 2 mins read

Tether, the company behind the largest stablecoin, is in talks with a Big Four accounting firm for a third-party audit. CEO Paolo Ardoino confirmed that these discussions are to meet new U.S. stablecoin regulations. These regulations will require independent audits for stablecoin issuers in the U.S. market. Ardoino stated that getting an audit is a top priority. There is growing interest from the U.S. government in stablecoins, especially after former

Strategy now holds 2.55% of Bitcoin’s circulating supply

March 25, 2025 1 min read

Strategy has significantly increased its Bitcoin holdings, surpassing the 500,000 BTC mark. This makes it the largest corporate holder of Bitcoin. On March 24, the company purchased 6,911 BTC for $584.1 million. The average price paid was $84,529 per coin. With this latest purchase, Strategy now holds a total of 506,137 BTC. The total investment in Bitcoin amounts to $33.7 billion, with an average cost of $66,608 per coin. The

Pi Network community launching PiDaoSwap, a DEX

March 25, 2025 2 mins read

The Pi Network community is creating a decentralized exchange (DEX) called PiDaoSwap. This initiative aims to combat price manipulation by outside exchanges. The goal is to help Pi Coin reflect its true market value, free from the influence of third-party platforms that may distort its price. PiDaoSwap is nearing completion and will soon launch on the Pi Network mainnet. Community sources, including Pi Network VietNames, state that the DEX will

Ripple Co-Founder uses XRP profits to fund Vast Space

March 25, 2025 1 min read

Jed McCaleb, a co-founder of Ripple and Stellar, is investing his cryptocurrency wealth into space exploration. He has started a new company called Vast Space, which aims to launch Haven-1, the first commercial space station, by 2026. McCaleb, who made billions from selling XRP, is expected to provide significant funding for this project. Max Haot, the CEO of Vast Space, stated that Haven-1 is not intended for tourism. Instead, it

Arthur Hayes predicts Bitcoin will rise to $110,000 before retracing to $76,500

March 24, 2025 1 min read

Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin’s price will rise significantly. He believes it will surpass $110,000 before dropping to $76,500. This prediction comes as the Federal Reserve shifts from tightening to easing its monetary policy. Hayes thinks this change will add liquidity to the market, boosting Bitcoin’s value. He is not worried about tariffs affecting Bitcoin’s price and considers inflation to be temporary. Markus Thielen, founder of 10X

Coinbase quickly stops a supply chain attack on its agentkit AI tool

March 24, 2025 2 mins read

Coinbase has successfully thwarted a cyberattack targeting its open-source AI toolkit, agentkit. The attacker aimed to exploit GitHub permissions to insert harmful code into the project’s automated build system. Thanks to Coinbase’s quick response and support from security experts, no significant damage occurred. The incident was first reported on March 23 by Yu Jian, founder of the security firm SlowMist. He referenced a detailed report from Unit 42, the security

Decentralized social media Farcaster launches its mainnet

March 24, 2025 1 min read

Farcaster has introduced a new protocol called Snapchain, which is similar to blockchain technology. This announcement came alongside the launch of their “Airdrop Offers” program. This program rewards users for actively engaging with the decentralized social media platform. Co-founder Varun Srinivasan revealed that Snapchain can process over 10,000 transactions per second. The development of Snapchain took only six months, moving quickly from concept to a functioning product. This new system

Fidelity launches an Ethereum-based share class called “OnChain”

March 24, 2025 1 min read

Fidelity Investments is introducing a new share class called ‘OnChain’ for its Treasury money market fund. This initiative is based on the Ethereum blockchain and was announced in a recent filing with the U.S. Securities and Exchange Commission (SEC). Fidelity, which manages about $5.9 trillion in assets, will issue shares of its Fidelity Treasury Digital Fund (FYHXX) that will be recorded on the Ethereum blockchain. The OnChain share class aims

Canary Capital files for that ETF in a registration statement to the SEC

March 23, 2025 1 min read

Canary Capital has submitted a proposal for a new type of exchange-traded fund (ETF) called the Pengu ETF. This would be the first ETF of its kind. The firm is an institutional crypto trading and management company. They filed the registration statement with the U.S. Securities and Exchange Commission (SEC) on Thursday. The Pengu ETF will invest in non-fungible tokens (NFTs) and various cryptocurrencies. Specifically, it will focus on the

Coinbase to acquire Deribit

March 23, 2025 1 min read

Coinbase is in advanced talks to acquire Deribit, a leading trading platform for bitcoin and ether options. This information comes from Bloomberg, which cites anonymous sources. Both companies have informed Dubai regulators about these discussions, as Deribit holds a license there. Any buyer would take over this license. Coinbase is the largest crypto exchange in the U.S., while Deribit is the biggest for options trading. Coinbase has not confirmed the

Strategy plans to raise $711 million for Bitcoin acquisitions and working capital

March 23, 2025 1 min read

Strategy, a business intelligence firm led by Michael Saylor, announced plans to raise about $711 million through a new stock offering called ‘Series A Perpetual Strife Preferred Stock’ (STRF). This move aims to boost its Bitcoin reserves, which are nearing 500,000 BTC. Due to high demand, the company increased its offering from 5 million to 8.5 million shares. Each share is priced at $85. The preferred stock will earn cumulative

Pakistan sets up special electricity tariffs to attract crypto mining

March 23, 2025 1 min read

Pakistan is looking into Bitcoin mining to make use of its excess electricity and develop a regulated digital asset industry. The government plans to introduce attractive electricity tariffs for crypto mining and blockchain data centers. This initiative aims to encourage industries to utilize surplus energy. The new tariffs will be market-based and not dependent on government subsidies. By doing this, the government hopes to lower payments to power producers for