South Korean Digital Asset Investment Platform Heybit to Shut Down All Services
South Korean digital asset investment platform Heybit will shut down all services on its local platform by October 25, citing changing market conditions and the regulatory environment despite efforts to stay compliant.
#NekoNews @OriNeko
South Korean digital asset investment platform Heybit will shut down all services on its local platform by October 25, citing changing market conditions and the regulatory environment despite efforts to stay compliant.
#NekoNews @OriNeko
Top 15 Non-EVM Chains by Number of Protocols
Non-EVM chains have fewer protocols mainly because devs lack the tools and familiarity EVM chains enjoy with Ethereum’s massive ecosystem.
But here's the real deal: the difference is mostly in protocol diversity. Chains with tons of protocols? They’re often just repeating the same types like DEXs, lending platforms, etc. EVM chains are packed with clones that are easy to replicate across the network.
#NekoNews @OriNeko
Non-EVM chains have fewer protocols mainly because devs lack the tools and familiarity EVM chains enjoy with Ethereum’s massive ecosystem.
But here's the real deal: the difference is mostly in protocol diversity. Chains with tons of protocols? They’re often just repeating the same types like DEXs, lending platforms, etc. EVM chains are packed with clones that are easy to replicate across the network.
#NekoNews @OriNeko
Ethena plans to launch a new stablecoin called UStb, backed by BlackRock’s tokenized U.S. Treasuries fund, BUIDL.
Ethena’s existing decentralized synthetic dollar, USDe, has grown to become the fifth-largest stablecoin, with a $2.6bn circulating supply.
UStb is designed to function in the same way as traditional stablecoins and is expected to invest its reserves in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which is tokenized on Ethereum, according to a statement shared with The Block.
BlackRock’s BUIDL fund invests in U.S. dollars, short-term U.S. Treasury bills and repurchase agreements. Since launching in March this year, BUIDL has swiftly grown to become the largest tokenized U.S. Treasuries fund, with over $522 million in assets under management.
#NekoNews @OriNeko
Ethena’s existing decentralized synthetic dollar, USDe, has grown to become the fifth-largest stablecoin, with a $2.6bn circulating supply.
UStb is designed to function in the same way as traditional stablecoins and is expected to invest its reserves in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which is tokenized on Ethereum, according to a statement shared with The Block.
BlackRock’s BUIDL fund invests in U.S. dollars, short-term U.S. Treasury bills and repurchase agreements. Since launching in March this year, BUIDL has swiftly grown to become the largest tokenized U.S. Treasuries fund, with over $522 million in assets under management.
#NekoNews @OriNeko
Avalanche to reward devs building layer-1 chains with $40M grant
On Sept. 26, Avalanche unveiled “Retro9000,” a retroactive grant program that supports its most recent upgrade called “Avalanche9000.” The upgrade gives developers a simpler and more economical way to create L1 blockchains.
An Avalanche spokesperson told Cointelegraph that the upgrade brings the network closer to its vision. “This is the largest upgrade in Avalanche’s history and brings it closest to the original vision outlined in the white paper,” the spokesperson said.
The spokesperson added that their goal with the grant program is to “build a strong pipeline of builders” who see new technical solutions as a means to deliver their product or business to the masses.
#NekoNews @OriNeko
On Sept. 26, Avalanche unveiled “Retro9000,” a retroactive grant program that supports its most recent upgrade called “Avalanche9000.” The upgrade gives developers a simpler and more economical way to create L1 blockchains.
An Avalanche spokesperson told Cointelegraph that the upgrade brings the network closer to its vision. “This is the largest upgrade in Avalanche’s history and brings it closest to the original vision outlined in the white paper,” the spokesperson said.
The spokesperson added that their goal with the grant program is to “build a strong pipeline of builders” who see new technical solutions as a means to deliver their product or business to the masses.
#NekoNews @OriNeko
Binance Coin to Launch Pre-Market
Binance Coin is set to launch a new feature called Pre-Market. This feature will allow users to gain early access to token price discovery.
#NekoNews @OriNeko
Binance Coin is set to launch a new feature called Pre-Market. This feature will allow users to gain early access to token price discovery.
#NekoNews @OriNeko
Binance founder ‘CZ’ leaves prison on Friday—along with his $60 billion fortune
Changpeng Zhao, Binance founder, will be released today after a four-month sentence.
He may focus on family, philanthropy, and retains influence at Binance as its largest shareholder despite stepping down as CEO.
#NekoNews @OriNeko
Changpeng Zhao, Binance founder, will be released today after a four-month sentence.
He may focus on family, philanthropy, and retains influence at Binance as its largest shareholder despite stepping down as CEO.
#NekoNews @OriNeko
FTX Creditors Could Receive 10% to 25% of Their Crypto Back
FTX creditors continue to hope they will be made whole following the exchange’s collapse in November 2022. As the decision regarding the platform’s restructuring looms, it remains to be seen what form the payments will take.
More developments are expected in Q4, starting October, with creditor payments likely to cause market volatility.According to FTX creditor activist Sunil Kavuri, the exchange’s customers could get between 10% and 25% of their crypto back. The update comes as the now-defunct exchange moves 18% of the forfeiture funds ($230 million) to equity holders (shareholders), which some find concerning.
#NekoNews @OriNeko
FTX creditors continue to hope they will be made whole following the exchange’s collapse in November 2022. As the decision regarding the platform’s restructuring looms, it remains to be seen what form the payments will take.
More developments are expected in Q4, starting October, with creditor payments likely to cause market volatility.According to FTX creditor activist Sunil Kavuri, the exchange’s customers could get between 10% and 25% of their crypto back. The update comes as the now-defunct exchange moves 18% of the forfeiture funds ($230 million) to equity holders (shareholders), which some find concerning.
#NekoNews @OriNeko
China's Former Deputy Finance Minister Calls for Emphasis on Researching Cryptocurrencies
China’s former vice minister of finance called for China to study the latest changes in cryptocurrencies and policy adjustments internationally, as it is crucial to the development of the digital economy. He mentioned Trump’s embrace of cryptocurrencies and the U.S. approval of cryptocurrency ETFs.
#NekoNews @OriNeko
China’s former vice minister of finance called for China to study the latest changes in cryptocurrencies and policy adjustments internationally, as it is crucial to the development of the digital economy. He mentioned Trump’s embrace of cryptocurrencies and the U.S. approval of cryptocurrency ETFs.
#NekoNews @OriNeko