Avalon Labs is bringing its Bitcoin-backed lending infrastructure to the Pharos Network through a new partnership with FunctionBTC, a move aimed at expanding the use of Bitcoin liquidity in the fast-growing RealFi sector. The announcement comes as Avalon...

China's central bank is paying closer attention to stablecoins as privately issued digital currencies gain a larger role in cross-border payments. Speaking at the Lujiazui Forum on June 17, Wang Xin, director-general of the Research Bureau of the...

Zama, Morpho and Steakhouse Financial are launching a new decentralized finance (DeFi) product that allows users to earn yield on private USDC holdings without revealing sensitive onchain data. The new Steakhouse Confidential USDC Prime vault will go live...

David Schwartz, Ripple’s CTO Emeritus and one of the original developers of the XRP Ledger (XRPL), has highlighted the network’s stability ahead of the rollout of the highly anticipated v3.2.0 upgrade, as node operators begin migrating to the...

Republican Congressman Barry Moore has secured victory in Alabama’s Senate runoff, marking another big win for crypto-backed political action committees seeking to expand pro-digital asset influence in Washington. Unofficial results from the Alabama Secretary of State showed Moore...

Australia’s highest court has handed a major victory to the country’s financial regulator, ruling that crypto platform Block Earner’s former fixed-yield product should have been operated under a financial services licence. In a unanimous 7-0 decision released on...

Tether has reduced its position in Bitcoin mining firm Bitdeer after selling approximately 627,000 shares worth around $12.7 million, according to recent disclosures. Despite the sale, the issuer of USDT remains one of Bitdeer’s largest shareholders, holding a...

Robinhood is cutting about 290 jobs, or roughly 10% of its full-time workforce, as the online brokerage streamlines its operations while positioning itself for renewed growth in crypto and retail trading. The company said the layoffs are part...

Strategy Executive Chairman Michael Saylor has argued that Bitcoin does not need staking, inflation, or protocol-based yield mechanisms to deliver value to investors. Instead, he believes returns should come from financial products built around Bitcoin while the cryptocurrency...

Humanity Protocol has revealed a recovery plan for holders of its H token following the security incident on June 8 that forced the project to halt its previous token across multiple networks. The blockchain identity platform said the...