“Working in partnership, we have demonstrated how this platform supports developments in money and payments aligned to common public and private sector objectives, while also providing clear and long-term customer and industry benefits,” Peter Left, co-chair of the RLN Project, said in the statement. Source
“Indeed, nine of the 10 largest (by market capitalization) publicly listed bitcoin mining companies hold less bitcoin per share today than they did three years ago. And as a bitcoin miner ourselves, Cathedra has not fared better by this metric. Meanwhile, other listed companies have adopted an explicit policy of increasing bitcoin per share, most notably MicroStrategy (NASDAQ: MSTR), and have been rewarded by equity markets,” Cathedra wrote. Source
Though the Trump family appears deeply involved in World Liberty Financial and Donald Trump will be officially unveiling it on Monday evening, the project’s white paper claims that the platform has no political affiliation, stating: “World Liberty Financial is not owned, managed, operated, or sold by Donald J. Trump, the Trump Organization, or any of their respective family members, affiliates, or principals.” Source
Zhao was sentenced to four months in prison in April, five months after he pleaded guilty to violating the Bank Secrecy Act by failing to set up an adequate know-your-customer (KYC) program at Binance. As part of his guilty plea, Zhao also agreed to pay a $50 million fine and step down as CEO of the crypto exchange. Source
Firstly, the majority of institutions hold their assets with a qualified custodian or trusted institutionally-focused wallet provider. However the primary delegation flow for restaking with EigenLayer is via their user interface and requires a connection to DeFi wallets such as Metamask, Trust or Rainbow. Institutions therefore require their custodian or wallet provider to build the necessary integrations into the Eigenlayer ecosystem in such a way that their institution’s staking provider of choice, such as Twinstake, can also be integrated in the flow. However to date, most institutionally focussed custodians have…
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Nearly $1 billion has been bet on the crypto-based prediction market. Plus: are you ready for 20x leveraged election betting? Source
The startup building Pipe Network, Permissionless Labs, is focusing on one of the unseen but ubiquitous pieces of the modern internet. Many websites cannot afford to let their content lag as it zips long distances from hosting server to end-user. So they rely on networks of relay servers that can be called upon by the end-users to which they’re geographically close. Source
“I announce that this September 30 we will present before the Legislative Assembly for the first time in decades the first fully financed budget, without the need to take a single cent of debt for current spending,” said Bukele on Sunday, during the commemoration of the 203 years of El Salvador’s independence. “El Salvador will no longer spend more than it produces annually,” he continued. “We will not even lend money to pay the interest on the debts that we inherited, we will even pay that from our own production.”…
“When it comes to managing their tokens, these firms encounter a fragmented landscape,” Chen said in an interview. “It’s a mix of non-custodial wallets, web-only solutions, with the need to use a smart contract for distribution. So if I’m the head of operations for some new token protocol, I’ve got to strike up at least two different relationships, manage two to three different integration points, all the while trying to have a successful mainnet launch. It’s a tactical nightmare.” Source