The startup is onboarding Bitcoin miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce.  Rebar Labs aims to launch the first Bitcoin-native platform for shielding traders from Maximum Extractable Value (MEV) strategies, such as frontrunning, by the end of 2024, CEO Alex Luce told Cointelegraph in an interview.  Bitcoin’s...Continue Reading

The Fairshake and Defend American Jobs PACs reported media buys for GOP and Democratic candidates in the House of Representatives ahead of the elections. With many areas of the United States already allowing residents to cast their ballots in the 2024 election, cryptocurrency-backed political action committees (PACs) have reported roughly $1.3 million worth of expenditures...Continue Reading

Institutional demand is driving a significant increase in onchain loans across DeFi protocols. Lending platforms are seeing a significant increase in loans processed this year. According to Ledn, a firm offering decentralized lending and savings, it registered a $1.65 billion increase compared with the same period last year.  In the third quarter of 2024, the...Continue Reading

A sharp uptick in Solana network activity and the blockbuster performance from memecoins back SOL’s rally toward $180. Solana’s native token, SOL (SOL), gained 12.1% from Oct. 11 to Oct. 18 and data suggests that the upward momentum was partially driven by demand for memecoins. Increasing demand translates to higher network volumes, fees, and total...Continue Reading

The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone. On Oct. 18, Federal Reserve Bank Governor Christopher Waller told an audience at the Institute of Advanced Studies that well-regulated stablecoins could benefit the current financial system. “Stablecoins can reduce the need...Continue Reading

Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry. The Constitutional Court of Montenegro suspended the extradition of former Terraform Labs founder and CEO Do Kwon on Oct. 18, according to local press reports. A day earlier, the Montenegrin Justice Ministry had said a decision on Kwon’s extradition had been...Continue Reading

BlackRock and Securitize are reportedly in talks to integrate BUIDL as collateral for derivatives trading on Binance, OKX, and Debirit. Asset manager BlackRock is reportedly pushing its money-market digital token to be used as collateral in cryptocurrency derivatives trading. According to an Oct. 18 Bloomberg report, the company is in talks to integrate its BlackRock...Continue Reading

Trump’s munch-awaited token launch recorded disappointing sales numbers, while investors are becoming concerned about Ethereum block builder centralization. Despite the widespread anticipation, former United States President Donald Trump’s token launch failed to live up to expectations. After the first day of trading, the coin only amassed about $12.7 million worth of sales, leaving $287 million...Continue Reading

Musk’s rhetoric painted a dire picture of the US economy while pitching his own recovery plan.  Elon Musk made his case for a paradigm shift in United States governance in an impassioned speech at an event in support of Republican candidate Donald Trump on Oct 17.  The town hall meeting, as it was described, took...Continue Reading

A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence. Indian citizen Chirag Tomar has been sentenced to five years in prison for defrauding Coinbase users with websites that spoofed the cryptocurrency exchange, the United States Attorney’s Office for the Western District of North Carolina announced. Tomar pleaded guilty...Continue Reading