Author: Kryptonews

Tensions around market manipulation, meme tokens, and perceived favoritism have resurfaced on Coinbase-backed Layer 2 network Base, prompting its creator, Jesse Pollak, to publicly reject calls for the team to intervene in token prices. In a post on X, Pollak said the Base core team would not “support the chart behind the scenes,” directly addressing community members who have urged the network to use internal capital to push specific tokens higher. just to say it out loud: the @base core team will not "support the chart behind the scenes" — if what you mean is privately / behind the scenes…

Coinbase is testing Flipcash’s in-development stablecoin, USDF, on its backend as part of a new feature that will allow businesses to create their own branded, dollar-backed tokens.The “Coinbase Custom Stablecoins” feature, introduced in December, will let businesses earn rewards on activity and allow them to move funds seamlessly between Coinbase-supported chains, with the tokens to be collateralized by Circle’s USDC (USDC).“A new Coinbase Custom Stablecoin, USDF, has been enabled on Coinbase Exchange for operational testing,” Coinbase posted to X on Tuesday, adding: “This is a backend test phase only. Trading, deposits, and withdrawals are currently unavailable. Stay tuned for more updates.”Custom…

Social NFT marketplace Rodeo has become the second NFT platform this week to announce its closure amid a tough market climate for nonfungible tokens. Rodeo launched via Apple’s iOS store in March last year and was designed to be a social-media-focused NFT collecting platform, with an emphasis on creators getting rewarded for posting over purely buying and selling NFTs. It utilized complex crypto and blockchain features to make it simple for mainstream users. However, Rodeo CEO and co-founder Kayvon Tehranian said in an X post on Tuesday that the platform had struggled to scale enough to become sustainable. “We believed collecting could be…

Ethereum remains under pressure in a key support zone, teetering between a potential rebound and further decline. While bullish patterns like the cup-and-handle and ascending triangle are shaping up, confirmation is required before any decisive move. Last Defense Zone: $2,274–$2,104 And The Libra Reversal Setup Kamile Uray shared that Ethereum is currently trying to hold above the critical support zone between $2,775 and $2,623. This area has become a key battleground for bulls and bears, with buyers attempting to defend it to prevent further downside. If this support continues to hold, ETH could regain short-term stability and make another attempt…

AI powerhouse Anthropic, the creator of AI chatbot Claude, is about to raise $20 billion in fresh investment from venture capitalists and other investors, the Financial Times reported, in a deal that would value the company at $350 billion.The San Francisco-based firm had targeted a $10 billion investment round, people familiar with the matter told the FT, but it quickly became evident that investors are hungrier for AI than anticipated.Anywhere between $10 to $15 billion of the fresh capital will be received as early as Tuesday, with the rest being finalized in the coming weeks. The deal is led by…

US fast-food restaurant chain Steak ’n Shake has added $5 million worth of Bitcoin to its Strategic Bitcoin Reserve as part of a pledge to funnel all sales made in Bitcoin straight into the fund.The move takes the company’s total Bitcoin (BTC) holdings to $15 million, equivalent to roughly 167.7 BTC at the time of publication, following a $10 million increase announced on Jan. 18. However, it is not clear exactly how much Bitcoin it holds, nor whether the amount reflects price appreciation, customer payments, or additional treasury purchases.Steak ‘n Shake said in an X post on Tuesday that its…

Dragonfly Capital led the round, with backing from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. The raise signals growing confidence that crypto infrastructure, not speculation, will define the next phase of adoption. Traditional payment rails were built for a slower, analog world. Settlements take days, fees pile up, and cross border payments remain costly. Mesh aims to replace that system by connecting a fragmented crypto market into a single, unified network where value moves instantly. Building the Network of Networks Mesh focuses on interoperability, which means helping different wallets, blockchains, and assets work together smoothly. Today,…

Circle has introduced a privacy-focused version of its USDC stablecoin on Aleo, highlighting a broader push by privacy-oriented blockchains to gain access to regulated, dollar-backed assets as demand for onchain privacy tools grows.Circle and Aleo announced Tuesday that USDCx on Aleo is now available via Circle’s xReserve, a reserve-backed issuance model that allows USDC (USDC) to be represented on additional blockchains without relying on third-party bridges. USDCx on Aleo is fully backed by USDC held in xReserve and is interoperable with USDC across other supported networks, including Ethereum and several major layer-1 and layer-2 blockchains where USDC is natively issued. Source:…

The crypto industry will need to get itself ingrained into everyday life in the US should Congress fail to pass a crypto market structure bill, or risk being set back by a change in administration, says Bitwise’s investment chief Matt Hougan.Hougan said in a note on Monday that legislation making its way through the Senate to clarify how regulators police crypto “would cement the current pro-crypto regulatory environment into law.”If the bill fails, Hougan said a future administration “could reverse today’s pro-crypto push,” and the industry will have three years, the end of President Donald Trump’s term (in 2029), to…

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the…