Author: Digicoinvision
Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 AssociationChina’s control over cryptocurrency liquidity in Hong Kong gives it unprecedented power over the Trump family’s crypto wealth. This leverage lets Beijing influence the family’s financial fate — and potentially US-China relations — through market moves. As Eric Trump visits Hong Kong, this crypto-political nexus signals a new era of global power.Cryptocurrency is no longer seen as just the new financial innovation around the block. Virtual assets have become powerful geopolitical instruments determining the fates of nations. As Imran Khalid said, “China, by contrast [to the US], has played the long…
Join Our Telegram channel to stay up to date on breaking news coverage Google Cloud is launching its own layer-1 blockchain for financial institutions, taking on Ripple, Circle, and Stripe in payments. Google Cloud’s Web3 Head of Strategy, Rich Widmann, shared new details about the blockchain, called the Google Cloud Universal Ledger (GCUL), in an Aug. 26 post on Linkedin. “GCUL brings together years of R&D at Google to provide financial institutions with a novel Layer 1 that is performant, credibly neutral and enables Python-based smart contracts,” Widmann wrote. “Besides bringing to bear Google’s distribution, GCUL is a neutral infrastructure…
Mastercard and Circle have expanded their partnership to enable settlement in USDC and EURC stablecoins for acquiring institutions across Eastern Europe, the Middle East, and Africa. Adoption by Key Acquirers Mastercard and Circle have announced a major expansion of their partnership to enable settlement in USDC and EURC stablecoins for acquirers across Eastern Europe, the […]
REX Shares and Osprey Funds (REX-Osprey) have filed with the US Securities and Exchange Commission for a BNB exchange-traded fund (ETF) featuring staking yield. The filing comes as asset managers step up their push into crypto ETFs and yield-generating strategies.According to the filing, the REX-Osprey BNB + Staking ETF would allocate at least 80% of its capital to BNB (BNB), the native token of the Binance ecosystem, or gain exposure to the asset through a Cayman Islands subsidiary. The remaining assets could be invested in other ETFs or exchange-traded products offering additional BNB exposure.BNB staked on the Binance Chain, which…
Solana’s price action is showing fresh signs of strength as bulls reclaim key technical levels. With momentum building around critical support and resistance zones, traders appear to be positioning for the next leg higher. The chart setup suggests renewed upside potential, but overbought signals hint that caution may still be warranted. Solana Breaks Above 200 SMA, Extending Bullish Momentum Gemxbt, a crypto analyst on X, recently highlighted Solana’s strong bullish trend as the asset pushed above the 200-day Simple Moving Average (SMA). This key technical breakout signals renewed strength in SOL’s price action, placing the cryptocurrency in a favorable position…
Google Cloud’s head of Web3 strategy used a LinkedIn post to share new details on the company’s in-development layer-1 blockchain, the Google Cloud Universal Ledger (GCUL). Rich Widmann described the blockchain as the result of “years of R&D at Google,” designed to be credibly neutral and compatible with Python-based smart contracts. According to Widmann, GCUL is meant to serve as an open infrastructure layer for financial institutions. “Tether won’t use Circle’s blockchain — and Adyen probably won’t use Stripe’s blockchain,” he said, suggesting that Google’s network reported neutrality could help broaden adoption.Stripe and Circle are also betting on layer-1 blockchains. Circle…
Ethereum (ETH) staking levels continue to break records, with the latest snapshot of the blockchain showing nearly 36.1 million ETH staked on the network – the highest level in history. Ethereum Staking Hits New ATH, Will Price Follow? According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, close to one-third of Ethereum’s circulating supply is now staked. This high proportion suggests that ETH may be on the verge of a structural supply shock. Related Reading The following chart shared by the analyst shows that even during sharp corrections in 2022 and 2023, staking levels continued to climb. Unlike…
This week marks the completion of our fourth hard fork, Spurious Dragon, and the subsequent state clearing process, the final steps in the two-hard-fork solution to the recent Ethereum denial of service attacks that slowed down the network in September and October. Gas limits are in the process of being increased to 4 million as the network returns to normal, and will be increased further as additional optimizations to clients are finished to allow quicker reading of state data. In the midst of these events, we have seen great progress from the C++ and Go development teams, including improvements to Solidity tools and the…
Key Takeaways Smart money has started accumulating SOL in bulk. A bullish tendency remains, with a breakout rally contingent on escaping the resistance level ahead. In the past 24 hours, Solana [SOL] rose 7%, pushing the asset slightly above the $200 mark. This adds to its bullish momentum building up over the past weeks. While bulls are piling into the market, analysts note that investors must still overcome a major price obstacle. AMBCrypto examines whether the asset can surpass this barrier. SOL records most smart money Inflows SOL has seen the largest smart money inflows in the past day, according…
Metaplanet will raise $881 million (¥130.3 billion) through an international share sale, using most of the proceeds to buy bitcoin. The move would expand its BTC holdings by $837 million and strengthen its position as Japan’s leading bitcoin treasury company. Japan’s Metaplanet Plans Massive Bitcoin Buy From New International Offering Metaplanet, a Tokyo Stock Exchange-listed […]