Author: John Smith

Mastercard has onboarded Ondo Finance as the first provider of tokenized real-world assets on its multi-token network, allowing businesses to access tokenized U.S. Treasury securities. Ondo Finance’s short-term U.S. government treasuries fund will be available on the MTN, enabling businesses to earn daily yield through tokenized assets with continuous subscriptions and redemptions. The integration removes the need for stablecoin onramps or settlement delays, offering an alternative to traditional cash management. What is Mastercard’s multi-token network? Mastercard’s MTN is designed to streamline financial transactions by connecting banks and businesses in a unified digital environment. The addition of tokenized U.S. Treasury securities…

Ethereum price has declined for three consecutive days, forming a death cross pattern and risking a drop to $1,500. Ethereum (ETH) fell to $2,430 on Wednesday, down more than 40% from its highest level in November. The coin has dropped and underperformed Bitcoin (BTC) and other major altcoins as exchange-traded fund inflows slowed and challenges within the ecosystem persisted. Data from TokenTerminal shows that the fees generated by Ethereum have continued to decline in recent months. The network earned $9.8 million last week, significantly lower than last year’s weekly high of over $217 million. Networks such as Tron (TRX), Jito…

Key Takeaways To incentivize recovery efforts, Bybit has offered a 10% reward—potentially up to $140 million—to anyone who can help retrieve the stolen assets. The Bybit hack alone accounts for more than half of the $2.3 billion lost in crypto-related breaches in 2024 so far.  Leading crypto exchange, Bybit is still dealing with the fallout from a $1.4 billion exploit that has become the biggest crypto heist in history. The attack, which took place on February 21, resulted in the theft of liquid-staked Ether (ETH), Mantle Staked ETH (mETH), and other digital assets.  As per blockchain analyst EmberCN, the hacker…

The Avalanche Foundation, in partnership with Rain, has launched the Avalanche Card. The card is a physical and digital payment card that allows users to spend cryptocurrency anywhere Visa is accepted, according to a release shared with crypto.news. The Avalanche Card supports USD Coin (USDC), Tether (USDT), Wrapped AVAX, and AVAX (AVAX), aiming to simplify cryptocurrency payments for everyday purchases. The new offering removes the need for complex conversions by enabling direct spending, making it a practical alternative for users in regions with limited banking infrastructure. According to John Wu, President of Ava Labs, the initiative is about making cryptocurrency…

A Strategic Bitcoin Reserve Bill is heading towards a full vote after passing in the Oklahoma State House Committee, despite BTC’s recent drop below $90,000. According to a state document, the Strategic BTC Reserve bill has been recommended to pass by the Oklahoma State House Committee. The bill passed with a majority vote of 12 to 2. It will now proceed to the full voting stage in the House of Representatives. Known as House Bill 1203, the bill would allow the state treasury to invest 10% of its public funds into Bitcoin (BTC) or other digital assets at a market…

Binance plans to launch a new security feature to help users detect SMS phishing scams. Binance plans to introduce a new security feature aimed at helping users identify SMS phishing scams. The decision comes in response to growing concerns over SMS phishing fraud, highlighted by a recent phishing attack targeting a Web3 enthusiast Joe Zhou. The company has not yet provided details on how the feature will work. Zhou fell victim to an SMS phishing scam that appeared to originate from Binance. The message falsely claimed that his account was being accessed from North Korea. The scammer, who posed as…

The Ethereum Foundation will donate $1.25 to aid the legal battle of Tornado Cash developer Alexey Pertsev. The Ethereum Foundation has announced a donation of $1.25 million to support the legal defense of Alexey Pertsev, a developer of Tornado Cash. Pertsev, who had been on pretrial detention since August 2022, was released on Feb. 7 and is currently under house arrest while preparing his legal appeal. His pretrial detention was suspended by a Dutch court on Feb. 6, following an earlier decision in Nov. 2024 to extend his detention. In May 2024, Pertsev was found guilty of money laundering by…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The web3 gaming industry has long been touted as a key driver for blockchain adoption, but web3 gaming itself needs new development ideas to remain attractive to both the existing user base and new web2 users. One potential step for blockchain-based gaming could be the source traditional gaming once explored—movies. Taking movies to gaming used to be a powerful and time-proven formula: think about Dune, Robocop, The Matrix, Spider-Man, The Lord of the Rings… Yet, despite the…

The total stablecoin supply has surpassed $221 billion, making up more than 1% of the U.S. dollar M2 money supply. Stablecoins, once a niche sector, now account for over 1% of the U.S. dollar M2 — a broad measure of money including cash and deposits — money supply, with the market reaching $221 billion after adding nearly $100 billion since 2024, according to data compiled by analysts at OurNetwork. Tether’s (USDT) market share dropped from 73% to 64%, while Circle’s (USDC) gained ground, rising from 20% to 25%. And while both account for 89% of the total stablecoin market share,…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market struggles, a new feline-themed meme coin, Catzilla, is making waves with its explosive rise and ambitious ecosystem. Amidst a challenging market environment, a new feline-inspired cryptocurrency has emerged, capturing significant attention with its unexpected rise. This digital asset is making waves, drawing interest from traders and enthusiasts who are eager to understand its potential. With the broader market in turmoil, the coin’s surprising performance shines a light on its unique appeal. Delve into its intriguing…