Hex Trust launches USDX, the first native stablecoin on Flare, backed 1:1 by USD. USDX can be staked in Clearpool’s T-Pool for real-world yield without lock-ups. USDX aims to enhance Flare’s DeFi ecosystem, supporting lending and borrowing. Hong Kong-based digital asset custodian, Hex Trust Group, has launched USDX, the first native stablecoin...

Standard Chartered expects SEC approval of Ethereum ETFs this week. The bank predicted inflows of $15-45 billion that could drive ETH price to $8,000 by the end of 2024. Ether’s price has surged 19% in the past 24 hours, reflecting the optimism in the market. Standard Chartered expects the U.S. Securities and Exchange Commission (SEC) to...

Key takeaways BTC is now trading around $71k per coin after adding 6% to its value. Bitbot’s presale has officially crossed the $3.5 million mark as it draws closer to its end. Bitcoin hits $71k as it eyes new all-time high Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well over the past few days. It is...

Victoria, Seychelles, May 21st, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web 3 company, today announces the appointment of Gracy Chen as its new Chief Executive Officer (CEO), effective in May 2024, succeeding Sandra Lou, who will be leaving the platform to pursue her own business goals. With over 10 years of experience in business...

Yuga Labs faces backlash over its new Super Punk World collection. The Super Punk World collection pays homage to the irreverent, early-internet roots of CryptoPunks. Yuga Labs’ decision focuses on preservation and education rather than active development. Yuga Labs, the NFT giant behind the iconic CryptoPunks, has announced it will cease...

Gala CEO says “we messed up our internal controls” after $200 million exploit. Attacker managed to sell 600 million tokens worth over $23 million; 4.4 billion GALA are effectively burned. GALA token nosedived 20% after the attack to hit lows of $0.038 before seeing a slight recovery. Gala Games CEO Eric Schiermeyer says “messed up” internal...