We have collected the most important news from the participants of the crypto industry for the week.
Stripe will expand support for USDC on the Base network from Coinbase.Media: mining company Genesis Digital Assets is considering an IPO in the United States.Sony will launch a cryptocurrency exchange in Japan.Tether has agreed to implement USDT on TON in social insurance payments in the Philippines.Stripe will expand support for USDC on Coinbase's Base Network
The bitcoin exchange Coinbase and the payment company Stripe have entered into a partnership that will allow customers of both platforms to transfer fiat into cryptocurrencies.
Crypto is back. @Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist https://t.co/hws2OsU3Id and watch the demo (h/t @Solana) from Sessions. pic.twitter.com/zGKYW2FM6i
— John Collison (@collision) April 25, 2024The collaboration assumes that the USDC stablecoin will become available as part of Stripe crypto payments. This will speed up cross-border money transfers and settlements in the equivalent of national monetary units of 150 countries.
The "stable coin" will also be included in the Stripe program for converting fiat into cryptocurrencies, which will facilitate onboarding.
Coinbase will perform similar actions so that users of the payment company can buy digital assets using credit cards and Apple Pay.
Media: mining company Genesis Digital Assets is considering an IPO in the United States
Mining company Genesis Digital Assets is consulting with consultants about a potential IPO. Bloomberg writes about this with reference to informed sources.
According to the agency, going public may precede a funding round in the coming weeks.
The company received investments totaling over $1 billion from Sam Bankman-Fried's Alameda Research at a valuation of $5.5 billion in April 2022..
According to the company, the total capacity of its 20 sites is more than 500 MW.
Animoca Brands is considering similar plans for an IPO, but in 2025. Management studies Hong Kong or the Middle East as a way to obtain a listing. Four years ago, the ASX excluded the company's shares from the list of available securities in connection with questions regarding its accounting statements.
Sony to Launch Cryptocurrency Exchange in Japan
Sony Quetta Web, a member of the Sony Group, will rebrand the WhaleFin cryptocurrency exchange (formerly DeCurret) acquired in August 2023.
The platform will be renamed S.BLOX. It is assumed that she will cooperate with other Sony Group companies.
The update includes a redesign of the interface and an update of the mobile application. The exact launch date of S.BLOX has not yet been announced.
Sony's other Web3 initiatives include the creation of its own public blockchain network.
The Philippines will introduce USDT per TON in social insurance payments and launch an educational initiative in Turkey
Tether has partnered with the trade and infrastructure company Uquid to allow Filipino citizens to pay social security contributions using USDT on TON.
Pay Social Security System contributions with USD₮ on @ton_blockchain via @uquidcard in Philippines🇵🇭 pic.twitter.com/8WJyNVH0ux
— Tether (@Tether_to) July 1, 2024Uquid is a leading decentralized commercial infrastructure platform using DeFi and blockchain technology to offer cryptocurrency payments. According to the company, 260 million customers use its services.
Separately, Tether has signed a memorandum of understanding with BTguru to develop digital asset education in Turkey.
The cooperation is aimed at evaluating the development of comprehensive programs to familiarize with the benefits of blockchain technology, as well as using BTguru connections to facilitate building interaction with institutions in Turkey.
Additionally, the parties will explore asset tokenization scenarios for banks and evaluate the capabilities of regional payment networks using Btguru Core.
In turn, Binance announced changes for Turkish users in connection with the development of the regulatory framework in the country.
The changes include:
gradual abandonment of the Turkish language for three months on Binance.com;complete cessation of all marketing activities for local users.In accordance with these rules, the site Binance.com It will remain available from Turkey, the organization explained.
Key indicators of the DeFi segment
The volume of blocked funds (TVL) in DeFi protocols decreased to $93.2 billion. Lido remains the leader with an indicator of $28.9 billion. EigenLayer is on the second line ($14.5 billion), Aave holds the third ($11.2 billion).
Data: DeFi Llama.TVL in Ethereum applications has grown to $51.3 billion. The volume of trading on decentralized exchanges (DEX) has jumped to $117.3 billion in the last 30 days.
Uniswap continues to dominate the market of non—custodial exchanges - it accounts for 52.2% of total turnover. The second DEX in terms of trading volume is PancakeSwap (17%), the third is Curve (5.2%).
Also on ForkLog:
Solana-Zeta Markets exchange will distribute 100 million tokens during the airdrop.ConsenSys acquired Wallet Guard to enhance the protection of MetaMask users.Aave developers have released the GHO stablecoin on the Arbitrum network.Former top managers of Apple, Google, Meta, Tesla and X. joined Worldcoin.HashKey launched an airdrop for 10 million HSK through a "tapalka" in Telegram.Uniswap Wallet will add support for fiat through a partnership with Transak.The TVL of the Pendle protocol collapsed by 40% after airdrops in the LRT segment.Circle was the first to receive a license to issue stablecoins in accordance with MiCA.The court allowed the consideration of most of the SEC's claims against Binance.What should I read on the weekend?
Each bull market brings with it funny, but questionable trends, on which some still manage to make money. In 2021, it was NFT fever, in the current cycle - meme tokens.
Now there is a new leader in the segment — Hamster Kombat, which has spawned many memes and funny videos. In a special material, ForkLog has figured out the features, advantages and disadvantages of the game, which even your grandmother has heard about.