The driving force behind our universe’s accelerated expansion remains one of the greatest mysteries in astronomy. While this force, which scientists refer to as dark energy, pervades our universe, we know almost nothing about it. Located on a remote mountain in Arizona’s Sonoran Desert, the Dark Energy Spectroscopic Instrument (DESI) has spent the past five…
Key Takeaways DBS and Citi basically pulled off a USD payment in just minutes this weekend using Swift’s ledger. Pretty quick compared to how TradFi cross-border payments usually work. Swift’s 17-bank pilot is pushing tokenized deposits closer to becoming an actual 24/7 banking option, instead of something that’s mostly talked about in theory. Citi thinks…
Three tokenized stocks generated $7.1 billion in DEX volume, accounting for nearly 45% of the category’s total activity. Tokenized versions of SPY, Google, and Robinhood’s own stock led a burst of on-chain trading activity over the past month, with Token Terminal data showing SPY on Robinhood Chain up by more than 1,300% in 30…
AI is rewriting the world and, at the same time, inventing a whole new language to describe how it’s doing it. Sit in on any product meeting, pitch, or panel these days, and you’ll hear people toss around LLMs, RAG, RLHF — and, as of last week, terms like “opaque recurrence,” the reasoning technique in…
Local-currency stablecoin launches have increased demand for 24/7 foreign exchange liquidity as more than 70% of conversions into dollar stablecoins begin in another currency. Summary TransFi CEO Raj Kamal expects local-currency stablecoins to move more foreign exchange activity onchain. Round-the-clock settlement could produce thinner liquidity and higher conversion costs outside normal trading hours. Fragmentation across…
JPMorgan Chase is now reviewing whether to launch its own stablecoin. The bank is doing that work on a separate track from a group of 21 banks and financial firms that plan to build a dollar stablecoin for business payments across borders, reports The Wall Street Journal. That group includes Bank of America, Wells Fargo, Citigroup,…
New payment companies could face a one-year wait to enter the Philippines’ regulated payment-system market. The proposed pause would give the country’s central bank time to reassess how payment operators are classified and regulated. The Bangko Sentral ng Pilipinas is proposing a 12-month suspension of new operator of payment systems (OPS) registrations. The draft pairs…
Key Takeaways Analyst flagged a record $9.07 billion in short-term whale paper gains. The metric eased to $7.51 billion but remained historically high. Elevated profitability may increase the risk of whale selling. Bitcoin Whale Paper Gains Reach a Record Short-term holder whale unrealized profit and loss reached $9.07 billion on Sept. 4, the highest reading…
In Bitcoin news today, Capital B has completed the purchase of 376 BTC for €25.3M, closing out nearly €30.1M in capital raises and pushing the French-listed firm’s strategic Bitcoin treasury to 3,521 BTC. The transaction, confirmed on September 7, was executed at an average price of €67,182 per BTC using proceeds from financings the company…
Grindr has agreed to pay £26 million to settle a lawsuit alleging that the gay hookup app shared users’ personal information, including HIV status, with third parties, the BBC reports. Mashable first reported that Grindr did this in 2018, based on an initial investigation from BuzzFeed News. Soon after that report was published, Grindr told…
