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Circle, the largest regulated stablecoin issuer in the US, has partnered with the global digital financial institution Nubank to increase access to digital dollars in Brazil. The partnership aims to cater to the increasing demand for secure, regulated, and direct access to digital dollars through its offerings, which reach Nubank's 85 million Brazilian users.
In its amended ETF application, BlackRock reported a $100,000 investment as seed capital for a proposed bitcoin ETF. As a reminder, unlike some of the bitcoin ETFs already on the market, this product will invest directly in spot bitcoin, not futures. The application is one of thirteen like this awaiting regulatory approval, with analysts predicting a likely green light in early public trading next year.
Coinbase has introduced a new wallet feature enabling crypto transfers via links shared on social media and messaging apps including iMessage, Telegram, WhatsApp, Facebook, Instagram, and TikTok. This is part of a move to enable more user-friendly crypto transactions and to continue bolstering this as an alternative to international wire transfers.
Cryptocurrency data infrastructure provider Shadow rolled out its first iteration of products and announced it had raised a $9 million seed round led by Paradigm. The company's first product allows users to extract unique on-chain data with minimal coding, cutting down on engineering time and costs. Shadow's platform also enables anyone to log any data on any smart contract, without the costs associated with gas fees. Overall, the company aims to make dealing with smart contract data much more efficient, both in terms of time and infrastructure cost, so teams can be more nimble and develop more quickly.
This article provides an introduction to Solana’s fee mechanism. Solana's transaction fees are split into a base fee and a priority fee, with half of each being kept by the network leader and the other half being burned. Solana also charges for new state creation. Issues with the current system include inefficiencies due to a lack of optimization incentives, the potential for collusion between transaction senders and leaders, and the absence of a localized fee market.
This thread identifies the top 10 potential upcoming airdrops on Solana. The list includes Zeta Markets, a DeFi futures and options exchange; Drift Protocol, which brings cross-margined perpetual futures to Solana; and MarginFi, a lending foundation for DeFi 2.0. The thread also details tips on how to interact with each protocol to increase your chances of receiving an airdrop.
This blog post details how different types of bots are proliferating in the crypto space. From profit-driven bots to consumer-driven ones, these bots are becoming the most prolific users on-chain. The blog walks through how bots could be integrated with AI agents and actually perform financial transactions on-chain.
Helium, a phone service powered by a decentralized network that utilizes crypto incentives, has launched nationwide after a trial in Miami. The service, which offers unlimited talk, text, and data, allows subscribers to earn crypto tokens for everyday usage. The service operates on the Helium network and T-Mobile’s 5G, with support for iOS 14 and Android 11 or above devices. While the price is set at $20 per month, certain users may earn MOBILE tokens to offset the costs.
Thirdweb, a web3 developer platform, reported a significant security flaw in an open-source library impacting multiple NFT collections using its pre-built smart contracts.
Gods Unchained, a web3 trading card game, launched on Amazon Prime Gaming for 200M subscribers, offering exclusive content and integrating with AWS.
The SEC extended its deadline to January 2024 to decide on Grayscale's request to convert its Ethereum trust into an ETF, citing the need for more evaluation time.
Heron Finance, an SEC-registered advisor built on top of Goldfinch, plans to launch a robo-advisor for private credit markets leveraging blockchain-based tech.