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MegaETH has canceled its plan to raise $1 billion after a surge of technical issues arose during its pre-deposit event. The team said the issues created a poor user experience and made the process unfair for many people. MegaETH said in its update that no funds were ever at risk. Still, it will open a … Read more
The company explained that it would only consider sales if its market net asset value, often called mNAV, falls below one and the firm can no longer bring in new capital. That level would mean the market no longer values its holdings above the price of the underlying assets. In a call with investors, CEO Phong … Read more
Stable Mainnet is officially live. It activates StableChain, a Layer 1 network built specifically for USDT and the growing world of stablecoins. This launch signals a shift toward infrastructure designed for one purpose: moving digital dollars at scale. It also reflects a broader trend in crypto. Why Stablechain Matters? According to recent data from Circle and Chainalysis, stablecoin payments … Read more
The announcement aimed to protect South Korea from the threat of North Korean forces. It sent shockwaves through the country’s financial markets. Interestingly, the price of Bitcoin stayed steady on global exchanges, highlighting how local events can send ripples through isolated markets. Martial Law Shakes South Korea President Yoon’s declaration of martial law is a … Read more
This move is a major step for Ripple’s stablecoin, Ripple USD (RLUSD). It also signals a deeper convergence between blockchain innovation and traditional finance. This development may seem technical at first glance. But the core idea is simple: Ripple is voluntarily stepping into the highest levels of financial oversight to build trust, stability, and clearer … Read more