Day: March 27, 2025

‘Stablecoin multiverse’ begins: Tether CEO Paolo Ardoino

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Paolo Ardoino, CEO of stablecoin issuer Tether, said the industry has just entered a new era, marked by an influx of stablecoin solutions from both private companies and governments. In a March 27 X thread, Ardoino said the crypto industry just entered the “stablecoin multiverse” era, where multiple stablecoins are launching to meet growing global demand. Source: Paolo Adroino Related: Rumble wallet rolls out with Tether’s USDT for creator payments Not everyone agrees with the assessment However, Slava Demchuk, CEO of crypto compliance firm AMLBot, told Cointelegraph that he disagrees…

Over 400 South Korean officials disclose $9.8M in crypto holdings

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South Korea’s Ethics Commission revealed that high-ranking public officials in the country hold an average of 35.1 million won ($24,000) in crypto assets.  On March 27, the country’s Ethics Commission for Government Officials reportedly disclosed that more than 20% of the surveyed public officials hold 14.4 billion won ($9.8 million) in crypto. This means 411 of the 2,047 officials subjected to the country’s disclosure requirements hold crypto assets.  The highest amount disclosed was 1.76 billion won ($1.2 million) belonging to Seoul City Councilor Kim Hye-young.  The officials held different crypto…

Most EU banks fail to meet rising crypto investor demand — Survey

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European banks and financial institutions may be significantly underestimating the demand for cryptocurrency services, with fewer than one in five offering digital asset products, according to a new survey by crypto investment platform Bitpanda. The study, which surveyed 10,000 retail and business investors across 13 European countries, found that more than 40% of business investors already hold cryptocurrencies, with another 18% planning to invest in the near future. Yet, only 19% of surveyed financial institutions said their clients showed strong demand for crypto products — suggesting a 30% gap between…

Sony’s Soneium blockchain, Animoca Brands bring anime to Web3

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Update March 27, 12:20 pm UTC: This article has been updated to add comments from San FranTokyo head David Taing and Moca Network project lead Kenneth Shek. Sony’s Soneium blockchain partnered with Animoca Brands to boost anime culture in Web3 by integrating anime artwork in decentralized digital identities.  On March 27, the companies announced a collaboration that targets global anime and manga fans to boost user engagement in Web3.  With the partnership, Animoca’s digital identity infrastructure platform, Moca Network, will create an identity layer on the Soneium blockchain, starting with…

Hyperliquid whale still holds 10% of JELLY memecoin after $6.2M exploit

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A crypto whale who allegedly manipulated the prize of the Jelly my Jelly (JELLY) memecoin on decentralized exchange Hyperliquid still holds nearly $2 million worth of the token, according to blockchain analysts. The unidentified whale made at least $6.26 million in profit by exploiting the liquidation parameters on Hyperliquid. According to a postmortem report by blockchain intelligence firm Arkham, the whale opened three large trading positions within five minutes: two long positions worth $2.15 million and $1.9 million, and a $4.1 million short position that effectively offset the longs. Source:…

South Korea temporarily lifts Upbit’s 3-month ban on serving new clients

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A South Korean court temporarily lifted the partial business suspension on crypto exchange Upbit that had prohibited the trading platform from servicing new clients for three months.  On Feb. 25, South Korea’s Financial Intelligence Unit (FIU) sanctioned the exchange, imposing a three-month ban on deposits and withdrawals for new clients. The FIU previously said the suspension was in response to Upbit’s violations of policies that prohibit exchanges from transacting with unregistered virtual asset service providers (VASPs).  In response to the FIU’s sanction, Upbit’s parent company, Dunamu, filed a lawsuit against…

Bitcoin price prediction markets bet BTC won’t go higher than $138K in 2025

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BItcoin (BTC) retains a $138,000 price target for 2025 as the market recovers from US trade tariffs, new analysis concludes. Data covering bets on prediction service Polymarket suggests that BTC/USD could still gain around 60% from current levels this year. “Conservative” Polymarket users cap BTC price upside at 60% Bitcoin bull market projections have taken a beating this quarter thanks to multiple setbacks impacting crypto and the wider risk-asset spectrum. Now, an assessment of all potential BTC price outcomes on Polymarket concludes that the bull market cycle may be capped…

DeFi’s yield model is broken — Here’s how we fix it

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Opinion by: Marc Boiron, chief executive officer of Polygon Labs Decentralized finance (DeFi) needs a reality check. Protocols have chased growth through token emissions that promise eye-popping annual percentage yields (APYs) for years, only to watch liquidity evaporate when incentives dry up. The current state of DeFi is too driven by mercenary capital, which is creating artificial ecosystems doomed to collapse. The industry has been caught in a destructive cycle: Launch a governance token, distribute it generously to liquidity providers to boost total value locked (TVL), celebrate growth metrics, and…

Ghibli memecoins surge as internet flooded with Studio Ghibli-style AI images

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Solana Ghibli-inspired memecoins are surging in popularity as ChatGPT users have flooded social media with Studio Ghibli-inspired images over the past 24 hours. On March 25, OpenAI launched image generation for its ChatGPT-4o mode, leading users to splash images across social media style in the art style of Studio Ghibli — known for its anime films Spirited Away and My Neighbor Totoro. OpenAI CEO Sam Altman and billionaire entrepreneur Elon Musk contributed to the trend, posting portraits of themselves generated by the model. Musk, with over 219 million followers on…

Robinhood offers to Uber cash to customers and have AI give trading advice

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Trading platform Robinhood Markets plans to offer a service that delivers cash to its customers alongside an artificial intelligence research assistant that offers trading advice. The company said in a March 27 blog post that its online banking arm, Robinhood Banking, will offer savings accounts to its Gold subscribers through its partner Coastal Community Bank and will be given the option to have physical cash delivered on demand. “You could be sitting at home and decide to get a cash delivery the same way you’d want to order an Uber…