Ripple’s RLUSD stablecoin has received media attention on Fox Business, with discussions focusing on its potential role in connecting cryptocurrency and traditional financial systems. RLUSD, a USD-backed stablecoin issued by Ripple, is designed to enable faster cross-border transactions and bridge digital assets with conventional banking infrastructure. The coverage reflects growing interest in stablecoins as tools for institutional adoption and financial infrastructure development.
Archives: Fast News
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General Tensor raises oversubscribed funding round backed by Good Morning Holdings and DCG
General Tensor, a Bittensor infrastructure project, closed an oversubscribed seed and pre-seed funding round anchored by Good Morning Holdings, led by Lok Lee and backed by Goldman Sachs. DCG also participated in the round. The funding demonstrates investor interest in infrastructure solutions built on Bittensor, the decentralized AI network where TAO is trading at $196.07.
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Binance.US appoints Stephen Gregory as new CEO to enhance crypto services
On March 11th, 2023, Binance.US announced the appointment of Stephen Gregory as CEO, taking over from Norman Reed, who moves to an advisory role.
Gregory’s plan includes expanding services to attract both crypto-native and traditional investors, emphasizing DeFi integration in line with Zhao’s vision.
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Ayush Varshney, co-founder of Darwin Labs, arrested by India’s CBI in Mumbai
Ayush Varshney was arrested by the CBI at Mumbai airport for his participation in a significant fraud.
The scam promised 10% monthly returns in Bitcoin, impacting approximately 8,000 investors.
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Leading Bitcoin mining pool operator Foundry expands into Zcash
Foundry Digital will establish a Zcash mining pool next month, providing an opportunity for users to participate using shared resources. Zcash has recently surged over 600% in value, attracting institutional investors.
Foundry’s existing Bitcoin operations have mined approximately 4,150 Bitcoin worth around 290 million USD last month. The new Zcash pool will cater to businesses without mining capabilities, underlining Foundry’s commitment to meet market demands.
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NIGHT token begins trading on major exchange
NIGHT has launched trading on a major cryptocurrency exchange with the NIGHTUSDT pair. The token is currently trading at $0.0506. The listing expands accessibility for traders interested in the asset.
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Uniswap V3 WBTC-USDT pool on Arbitrum offers 51.0% APY
Uniswap V3’s WBTC-USDT liquidity pool on Arbitrum is currently offering 51.0% APY with $12M in total value locked. High yield rates typically signal elevated impermanent loss risk and market volatility, particularly in non-stablecoin pairs. Liquidity providers should carefully assess their risk tolerance before committing capital.
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Brera Holdings stock declines as the company shifts focus to Solana infrastructure
Brera Holdings (SLMT) shares decreased over 19% following the company’s move to focus on Solana’s digital infrastructure. Ark Invest has begun liquidating some of its holdings, compounding the challenges for the stock.
The firm plans to conduct a 10-for-1 reverse stock split after April 7 to reinforce its new Solana strategy while offloading legacy soccer club assets.
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Brera Holdings shares drop as company accelerates Solana pivot
Shares in Brera Holdings fell sharply Wednesday following the company’s announcement of a major pivot toward its Solana-based cryptocurrency operations. The firm, which previously operated soccer teams, is redirecting focus to its crypto initiatives. The move signals a strategic shift away from traditional sports holdings toward blockchain infrastructure.
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Ethereum Foundation begins DVT-lite technology experiments
The Ethereum Foundation is exploring DVT-lite, a simplified version of Distributed Validator Technology. The experiments aim to enhance Ethereum’s validator infrastructure and network security. DVT-lite could reduce operational complexity for node operators while maintaining decentralization benefits.