Ripple has become one of the investors in Flutterwave, a major payment service from Africa. The amount of the company’s investment was not disclosed. Flutterwave CEO Olugbenga Agboola only noted that the current business valuation is around $3.3 billion. Ripple is not fully acquiring Flutterwave and is not gaining control over the business. This is…
Bittensor is discussing an update that could significantly change the network’s economics. The new Root Reborn proposal changes the approach to yield payments for those who stake TAO with validators. Currently, the mechanism works so that part of the rewards is effectively converted back into TAO. Because of this, tokens from individual subnets are constantly…
The Syscoin team recovered and burned 5 billion SYS that an attacker minted through a vulnerability in the project’s cross-chain bridge. These tokens needed to be destroyed to return the SYS supply to its pre-attack level. The bridge itself is still not operational. How Did the Hack Happen? The Syscoin team discovered the attack on…
Grayscale Research believes that AAVE is currently trading below its fair value. According to analysts’ calculations, the token should be priced between $80 and $100, while on the market it was around $73. The discounted cash flow model was used for the assessment. The base forecast from Grayscale is noticeably higher than the current price…
Markets fell after new statements from Donald Trump on Iran and signals from Fed Chair Kevin Warsh. Investors were waiting for clarity, but instead got even more uncertainty. On Wednesday, U.S. stock indices went down after Trump said that the memorandum of understanding with Iran cannot yet be considered a final deal. The market fears…
After meetings with officials and regulators in Asia, Changpeng Zhao (CZ) wrote that countries should tokenize stock markets and issue their own stablecoins. According to him, tokenizing stocks will attract buyers from around the world, and national stablecoins will expand the use of local currencies on the blockchain. Why CZ Suggests Countries Tokenize Stocks CZ…
The Aster team announced a major tokenomics update on June 17. Now, 99% of the protocol’s daily fees will automatically be used to buy back ASTER tokens from the market. In addition, each such buyback will be accompanied by an equivalent amount of tokens being burned from reserves. At Aster they call this a buyback…
