SUI Gains Ground on XRP as Institutional Backing Soars in Web3 Space

SUI has attracted significant institutional attention, with over $21 million in inflows during May, making it as one of the top-performing altcoins, second only to Ethereum. Unlike XRP, which focuses on payment and remittance solutions, SUI prioritizes scaling decentralized applications, appealing to institutions aligned with DeFi and Web3 trends. SUI, the native cryptocurrency of the…

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French banking giant to launch world’s first bank-issued dollar stablecoin on Ethereum

Key Takeaways Société Générale’s crypto subsidiary SG Forge is introducing the first bank-issued dollar stablecoin on Ethereum. The stablecoin launch targets institutional investors and taps into the $250 billion dollar stablecoin market. Share this article SG Forge, the crypto and blockchain-dedicated arm of Société Générale, one of Europe’s largest financial institutions, will soon launch a…

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Magic Eden Taps Spark to Enhance Bitcoin DeFi With Fast, Low-Cost Settlement

Crypto platform Magic Eden has announced a partnership with Spark to enhance trading on bitcoin by providing fast and low-cost settlement for native assets. By integrating with Spark, Magic Eden plans to unlock efficient transactions for various market types, including stablecoin-to- BTC swaps, while maintaining the integrity of bitcoin’s trust model. Spark is designed to…

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