Elon Musk discusses DOGE cabinet position, economics at Trump rally
Musk’s rhetoric painted a dire picture of the US economy while pitching his own recovery plan.
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Binance Japan begins launching trading services for residents
The Japan-based crypto exchange said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14. 198 Total views 2 Total shares Major cryptocurrency exchange Binance has announced the launch of a Japan-based arm roughly two years after receiving a warning from the…

Ethereum Whales Accumulate in Anticipation of ETH 2.0
Whales appear to be accumulating Ether (ETH), with the percentage of ETH supply controlled by the top 100 wallets standing near 25%.The observation was made by blockchain data analysis firm Santiment, who tweeted that the centralization of ETH among top wallets suggests that whales are accumulating.Santiment argues that the data indicates large investors “have a…

How Luma AI turns crypto memes into viral videos
The trending Luma AI Dream Machine, which turns stagnant memes into moving videos, has reached the crypto community and even inspired similar crypto-centric models.

Paxos applies for clearing license with SEC following successful pilot tests
The stablecoin issuer completed a successful pilot test for same-day trade settlements with Credit Suisse and Instinet. 3656 Total views 20 Total shares Paxos, a United States-based stablecoin operator, announced Tuesday that it will apply for a formal clearing agency license with the Securities and Exchange Commission in a move that would bring another practical…

Education and aesthetics: Bringing more women into the Metaverse
Interest in the Metaverse is growing rapidly and fashion brands across the globe are taking note. A new report from the technology research and advisory firm Technavio found that the Metaverse will hit a market value of $50.37 billion by 2026. Findings from Technavio further show that the Metaverse in fashion market share is expected…

DeFi ‘circuit breaker’ could slash hack losses by 70%: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.Amid the growing number of hacks in the DeFi ecosystem, a smart contract developer has made a new Ethereum request for comment (ERC) proposal to introduce a circuit…

Can you trust crypto exchanges after the collapse of FTX?
On Oct. 25, 2022 — about two weeks before the collapse of the world’s third-largest cryptocurrency exchange, FTX — prominent DeFi architect Andre Cronje published a foreboding article with a chilling warning on the state of centralized cryptocurrency exchanges:“Remedies under the current regulatory regime are ineffective. Most investors sign away their rights to their crypto…

Finance Redefined: Avalanche launches $200M fund, wXRP to debut on Ethereum Oct. 29–Nov. 5
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.For many years, Ethereum and XRP held the second and third-ranking spots in the crypto market. Read on to discover how wXRP will integrate into Ethereum to expand its utility to smart contracts.What you’re about to read is the smaller version of this newsletter. For the…