News Bytes - 5 Archives - Page 5 of 7

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

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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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Solana Chain Extension Sonic SVM Introduces New Token Burn Program

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Sonic SVM, the first SVM chain extension on Solana, has announced the introduction of a new SONIC burn program aimed at enhancing the token’s value accrual mechanism. This strategic redesign replaces the previous burning model with a buy-and-lock system, where 50% of all transaction fees will be used to purchase SONIC tokens from the open

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Crypto.com and Canary Capital Launch Canary CRO Trust for US Investors

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Crypto.com has partnered with Canary Capital Group LLC to establish the Canary CRO Trust, a private investment vehicle designed for U.S. investors seeking exposure to CRO, the native token of the Cronos network. This trust aims to track CRO’s market price, providing a straightforward and transparent method for U.S. investors to engage with the Cronos

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Dubai’s VARA Releases Version 2.0 of Virtual Asset Regulation Rulebook

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The Virtual Assets Regulatory Authority (VARA) in Dubai has announced the release of Version 2.0 of its activity-based Rulebooks. The updated Rulebooks enhance supervisory mechanisms for various regulated virtual asset activities, including advisory services, broker-dealer services, custody services, and exchange services, among others. Key updates include strengthened controls on margin trading and token distribution, clearer

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Solana Treasury Company DeFi Development Corp. Partners With BONK Memecoin to Launch Validator Node

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DeFi Development Corp. (Nasdaq: DFDV), a public company with a crypto treasury strategy focused on accumulating solana ( SOL), has announced a strategic partnership with BONK, a popular community memecoin in the Solana ecosystem. As part of the collaboration, the two entities will jointly operate and manage a validator node, with both contributing to the

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GFO-X Launches UK Regulated Trading Venue for Centrally Cleared Crypto Derivatives

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GFO-X announced the successful launch of its UK regulated trading venue for centrally cleared digital asset derivatives. This venue aims to meet the growing institutional demand for compliant crypto futures and options. The first institutional trade was executed between Virtu Financial and IMC, marking a significant milestone in the evolution of institutional-grade digital asset markets.

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Standard Chartered to Provide Banking Services for Digital Asset Prime Broker Falconx’s Institutional Clients

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Falconx, an institutional digital asset prime broker, announced a strategic partnership with Standard Chartered. In the initial phase of the collaboration, Standard Chartered will provide a comprehensive suite of banking services to Falconx globally, enhancing the platform’s offerings for institutional clients. The partnership will integrate Standard Chartered’s banking infrastructure, allowing Falconx to access a wide

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Uniswap Reaches Trillion in Trading Volume, Creator Looks Ahead to Trillion

Uniswap Reaches $3 Trillion in Trading Volume, Creator Looks Ahead to $10 Trillion

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Hayden Adams, the creator of the decentralized finance platform Uniswap, announced on social media that Uniswap has become the first decentralized exchange (DEX) to reach $3 trillion in trading volume. In his post, Adams expressed confidence that Uniswap will also be the first DEX to achieve $10 trillion in volume. He expressed gratitude to the

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Gemini Secures License in Malta to Offer Regulated Derivatives Across Europe

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Gemini has announced that it has obtained an Investment Firm License from the Malta Financial Services Authority (MFSA), allowing the company to offer regulated derivatives across the European Union (EU) and European Economic Area (EEA) under the MiFID II framework. This development marks a significant step in Gemini’s 2025 European expansion, enabling the platform to

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Rootstock Achieved Record Merged Mining Participation Despite Declining User Activity in Q1

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In its Q1 2025 report, blockchain intelligence company Messari highlights significant developments in Rootstock, a bitcoin sidechain, including a record-high merged mining participation rate of 81%, up from 56.4% in the previous quarter. This came following the integration of Foundry, the largest bitcoin mining pool. Transaction costs on the network dropped by 60% due to

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