Author: Digicoinvision

Japan’s first domestic stablecoin issuer said digital asset companies may soon become significant players in the country’s sovereign debt market, potentially reshaping monetary policy.JPYC, the Tokyo-based company behind Japan’s first yen-pegged stablecoin, said issuers may evolve into major buyers of Japanese government bonds (JGBs) as their reserves increase.In comments reported by Reuters, JPYC founder and CEO Noritaka Okabe said stablecoin reserves could fill the gap left by the Bank of Japan (BOJ) as it slows its bond purchases.The Tokyo-based startup started issuing its yen-backed token, also dubbed JPYC, on Oct. 27, under the country’s revised Payment Services Act, its first…

Join Our Telegram channel to stay up to date on breaking news coverage Cathie Wood’s Ark Invest is buying the dip with new purchases of Circle, Bullish and BitMine shares. The asset management titan said it bought $15.56 million worth of Circle shares across its three ETFs (exchange-traded funds). The ARK Innovation ETF (ARKK) bought 130,595 Circle shares, while the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF) bought 38,313 and 20,033 Circle shares, respectively. Here’s every move Cathie Wood and Ark Invest made in the stock market today 11/13 pic.twitter.com/kT31a9mzva — Ark Invest Tracker…

Ethereum’s weekly All Core Developer calls are a lot to keep up with, so this “Checkpoint” series aims for high-level updates roughly every 4-6 weeks, depending on what’s happening in core development. See the previous update here. If you enjoy reading core development updates, you may also be keen to learn that Forkcast now publishes call summaries, chats and transcripts for each All Core Devs call, usually available within a couple hours of the call. tl;dr: The Fusaka upgrade is nearly out the door, Glamsterdam is ramping up, with its major features in implementation and minor features being decided on.…

Sonic Labs, the organization behind the Sonic layer-1 blockchain, announced a major strategic shift as it pivots from emphasizing transaction speed to building long-term business value and token sustainability.After claiming industry-leading performance last year, Sonic Labs said its next chapter will focus on upgrades that deliver measurable financial outcomes, including new Ethereum and Sonic Improvement Proposals (EIPs and SIPs), token supply reductions and revamped rewards for network participants.“Every decision we make moving forward will be guided by the principles of building real value, with price, growth, and sustainability always in focus,” said Mitchell Demeter, the new CEO of Sonic Labs. The…

Opinion by: Alon Muroch, founder of SSV LabsA green light for institutional staking alone will not signal a long-term future for Ethereum. As institutions enter the Web3 ecosystem, they need to recognize that ETH isn’t an asset that can be fit into existing TradFi molds; it’s the World Computer. Unless institutions can embrace Ethereum’s philosophy of decentralization, as well as its token, their core infrastructure and inherent proposition are doomed to fail. The dot-com bubble offers a cautionary tale for Ethereum adopters. It burst partly because institutions dove headfirst into the consumer internet’s lucrative market potential without sufficiently understanding the infrastructure…

Cryptocurrency exchange OKX, traditionally known for its centralized trading services, is expanding into decentralized finance with a new feature that lets users trade tokens directly on decentralized markets.The DEX trading option, available through the OKX app, allows users to buy and sell tokens while retaining control of their digital assets. Trades are executed via self-custody wallets, meaning users hold their own private keys rather than storing funds on the exchange.According to OKX, the feature provides access to millions of tokens across Solana, Base and X Layer, which is OKX’s own Ethereum layer-2 network built using Polygon’s Chain Development Kit (CDK).The…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows Ethereum investors with a holding time greater than three years have ramped up their selling to levels not seen since 2021. Seasoned Ethereum Holders Are Increasing Their Distribution As explained by on-chain analytics firm Glassnode in a new post on X, the 3 to 10 years old Ethereum holders have notably raised their spending recently. These investors belong to a broader group known as the long-term holder (LTH) cohort, which has a holding time cutoff of 155 days. Statistically, the longer an investor holds…

Join Our Telegram channel to stay up to date on breaking news coverage Polymarket is partnering with TKO Group Holdings to bring real-time forecasting into live fight broadcasts for the UFC (Ultimate Fighting Championship) and Zuffa Boxing.  Polymarket will be the exclusive prediction market partner for the events and it will add a storytelling layer later to track fan sentiment in real-time, according to a Nov. 13 UFC blog post.  Polymarket And UFC Aim For More Fan Engagement The partnership seeks to provide a more engaging experience for fans. To that aim, Polymarket will power the first-ever real-time “Fan Prediction…

Circle is expanding into the foreign-exchange market, positioning stablecoins as a tool to modernize one of traditional finance’s most entrenched systems.The issuer of USDC (USDC) on Thursday unveiled Circle StableFX, an institutional onchain FX platform built on Arc1, the company’s forthcoming layer-1 blockchain, according to a news release shared with Cointelegraph. Circle also introduced Circle Partner Stablecoins, a program designed to support regulated regional stablecoins.Trading in the global FX market reached $9.6 trillion per day in April, up 28% from 2022, according to data from the Bank of International Settlements (BIS). The daily trading volume in the global FX market…

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin slid below $97K and altcoins including Ethereum, XRP, and Solana fell sharply after legendary investor Michael Burry shut down his hedge fund, heightening fears over inflated tech valuations. The broad sell-off erased over $200 billion from the crypto market’s capitalization in the past day, with Bitcoin dropping more than 6% to trade at $96,988 as of 3:10 a.m. EST, according to CoinMarketCap. BTC price (Source: CoinMarketCap) Ethereum led losses among top altcoins, sliding 9%, while Solana and XRP declined 8% and 7%, respectively. Boston Fed President Susan…