To get listed on major exchanges, many crypto projects are over-inflating their valuations at launch, scaring away investors. How do founders get exposure to VC funding without playing the inflation game? CoinDesk columnist Azeem Khan, a VC himself, has some ideas. Source
“Should a mismatch occur between a stablecoin issuer’s liabilities (the coins in circulation) and the assets backing that stablecoin, this could undermine confidence in the ability of the issuer to offer redemption at par and prompt a ‘run,’ ie a sudden loss of belief in the stablecoin’s value,” the report said. Source
The token is launching in partnership with Floki, BNB Chain, and crypto investment DWF Labs. TokenFi, started in 2023 as a sister project to Floki, is a real-world assets platform helping traditional internet brands tokenize into Web3 projects. It also lets users launch any cryptocurrency without writing code. Source
XRP and SOL led the charge in overnight trading, driving the CoinDesk 20 Index 1.3% higher. Source
The Bahamas, where bankrupt cryptocurrency exchange FTX was headquartered, has seen a new crypto law passed in parliament, The Securities Commission of The Bahamas announced on Tuesday. Source
“What we’re enabling is for people using public blockchain infrastructure to interact with highly regulated, traditional, fiat-backed institutions in a way that is seamless,” said Evertas CEO J. Gdanski in an interview. “Whether it’s to pay in USDC or native crypto, or to place policies completely on-chain with the blockchain helping coordinate between a broker, the insured, and the insurers, we think this is a seminal piece of infrastructure.” Source
Nvidia is expected to see more significant price swings than bitcoin and ether. NVDA’s 30-day options implied volatility, a gauge of anticipated price swings over four weeks, recently surged from an annualized 48% to 71%, according to Fintel. Deribit’s bitcoin DVOL index, a measure of 30-day implied volatility, declined from 68% to 49%, according to charting platform TradingView. The ETH DVOL index fell from 70% to 55%. NVDA, a bellwether for AI, has emerged as a barometer of sentiment for both equity and crypto markets. Both bitcoin and NVDA bottomed…
The blockchain halted at block height 11430400 for an emergency patch to fix the vulnerability. The fix was completed at 04:19 UTC. Validators, the entities that support the network, with over 67% of the voting power on Terra upgraded their nodes to prevent the exploit from recurring, according to a post on the X. Source
Deborah Clark is the ICO’s Upstream Regulation Manager. Her team supports public authorities to perform in line with their statutory duties and prevent breaches of access to information legislation. Around this time last year, I wrote about our new Upstream Regulation team and our focus on supporting public authorities to be open and accountable with the public they serve. Transparency is fundamental to our democracy. It underpins trust and confidence in public services, which is essential because the decisions made here impact us all in some way. The Freedom of…
XRP trading activity is heightening in South Korea, where traders tend to push euphoric rallies on tokens. Source