Author: Kryptonews
Fortune 500 companies and global asset managers continued to expand blockchain activity and allocations during the first half of 2025, according to Coinbase’s latest State of Crypto report.Six in ten Fortune 500 executives say their firms run on-chain initiatives, and the average number of projects per company jumped to 9.7 from 5.8 year on year, a 67% rise.Furthermore, almost 20% of respondents now classify blockchain programs as a core element of their future strategy, up 47% from 2024.Use cases continue to broaden beyond finance and technology into retail, healthcare, auto, and food sectors as firms trial payment rails, supply-chain tracking,…
Key NotesSBI Group announced its strategic investment of $50 million in CRCL shares.The Japanese financial firm allocated its investment evenly across SBI Holdings and its subsidiary, SBI Shinsei Bank.The recent development further expands SBI Group’s existing partnership with Circle. On June 9, Japanese financial giant SBI Group announced its strategic investment of $50 million in Circle Internet Group (NYSE: CRCL) in its initial public offering (IPO). The Tokyo-based firm allocated its investment evenly across SBI Holdings and its subsidiary SBI Shinsei Bank. SBI Group Expands a Two-Year-Old Partnership With Circle According to a Nikkei report, SBI Group, a major partner…
Blockchain technology has rapidly evolved beyond its roots in cryptocurrency, transforming industries from finance to healthcare. Blockchain app development is now a thriving field, driven by growing demand for secure, decentralized solutions. Below are the top trends shaping the future of this industry. Decentralized Finance (DeFi) Boom DeFi has emerged as a leading trend, replacing traditional financial systems with blockchain-based alternatives. Apps like decentralized exchanges (DEXs), lending platforms, and stablecoins are gaining traction, offering transparency, security, and accessibility. As institutional and retail investors embrace DeFi, blockchain developers are creating more sophisticated financial tools with smart contracts. NFT and Digital Ownership…
Decentralized Layer 1 blockchain XRP Ledger’s (XRPL) sidechain that’s compatible with the Ethereum Virtual Machine (EVM) is set to go live in the second quarter, Jaazi Cooper, director of product management at Ripple, and David Schwartz, Ripple’s chief technology officer said at the ongoing APEX 2025 conference in Singapore.EVM compatibility refers to the ability of the blockchain to run Ethereum-based decentralized applications and smart contracts seamlessly.The XRPL EVM sidechain testnet went live early this year and is experiencing rapid growth, according to Peersyst Technologies.”87 new entities – with no prior XRP involvement – are now contributing to the ecosystem: infrastructure,…
The Ethereum Foundation is allocating 1 million USD in grant funding to organizations that educate governments and policymakers about Ethereum and blockchain technology. We encourage others in the Ethereum community to support their important work. A space to grow, and to do good We understand that transformative technologies raise new questions for regulators and governments. However, regulators must strike a balance between protecting their constituents from bad actors and fraud while also supporting the growth of new industries. The Ethereum community can have a positive role in this process, by providing information and resources to policymakers and governments. The good…
Key Takeaways Scott Bessent is considered a potential candidate to succeed Jerome Powell as Federal Reserve Chair. Tensions between President Trump and Jerome Powell exacerbate the urgency of naming a successor. Share this article Scott Bessent, the current Treasury Secretary and a Bitcoin supporter, is being considered as a potential successor to Federal Reserve Chair Jerome Powell, Bloomberg reported Tuesday, noting that his name has been floated by President Donald Trump’s advisers.A White House official swiftly dismissed the report, Reuters said.Trump’s shortlist also features seasoned economic policymakers such as Kevin Warsh, who was previously vetted for Treasury secretary, NEC Director…
Strategy’s Michael Saylor has rebuffed fears that a crypto market winter will return, suggesting Bitcoin’s increased adoption and constrained daily supply will see it rally to $1 million.“Winter is not coming back,” Saylor told Bloomberg on Tuesday. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”Billion-dollar asset manager ARK Invest in April raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030.Once $50M in daily Bitcoin is bought, the price must riseSaylor said that approximately 450 Bitcoin (BTC) are available for sale each day by Bitcoin…
Bitcoin’s recent price surge has reignited the debate: can it truly challenge gold’s long-held title as the premier store of value? The digital asset has experienced significant volatility, yet proponents argue its inherent scarcity, decentralized nature, and growing institutional adoption position it as a legitimate alternative, particularly for a younger generation comfortable with digital assets. Gold, on the other hand, benefits from centuries of established trust, tangible existence, and its historical role as a safe haven during economic uncertainty. Let’s delve deeper into the factors influencing this evolving competition.## The Case for Bitcoin: Digital Scarcity and DecentralizationA core argument favoring…
Introduction to Blockchain and IoT In recent years, both blockchain and the Internet of Things (IoT) have emerged as transformative technologies, each promising to revolutionize the way we interact with data, devices, and systems. Blockchain, known for its decentralized and immutable ledger capabilities, has gained fame through cryptocurrencies but extends far beyond digital money. IoT, on the other hand, connects physical devices to the digital world, enabling smart automation, real-time monitoring, and data-driven decision-making. The convergence of these two technologies has sparked excitement—and some hype—around their potential synergies, but real-world applications are now beginning to take shape. The Synergy Between…
Key takeaways: An Ethereum whale made $31 million in two ETH trades in the last 44 days. Unique Ethereum addresses surged by 70% in Q2, with the Base network leading activity growth. Ether (ETH) is on the verge of breaking its monthly range, hitting a 15-week high of $2,827 on June 10. A daily close above $2,700 would mark its highest since Feb. 24.After a month-long price consolidation between $2,300 and $2,800, one Ethereum whale capitalized on the recent rally. According to an X post from onchain tracker Lookonchain, the whale sold 30,000 ETH for $82.76 million through an over-the-counter…
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