Coins.ph and Circle Collaborate to Boost USDC Remittances in the Philippines
Coins.ph has joined forces with fintech giant Circle to enhance cross-border remittances using USDC stablecoin, offering faster, more affordable options for the Philippines’ 18 million e-wallet users. With initiatives like educational programs for Overseas Filipinos and a 5% annual earning on USDC holdings, this partnership aims to lower transaction fees and support the United Nations’ goal of reducing global remittance costs to below 3%. (Bitpinas)
Interest Rates Up: Crypto's Watershed Moment
The Federal Reserve’s high-interest rate strategy has rippled through the crypto market, deterring investors from leveraged products but sparking hope for a Bitcoin ETF. As higher bond yields impact investment behavior, the path ahead for crypto remains cautious yet optimistic, signaling significant industry shifts. (BeInCrypto)
Lightning Network's Astounding Growth Over Two Years
Bitcoin's Lightning Network has achieved a remarkable 1,212% transaction growth in two years, showing increased adoption in gaming, social media tipping, and streaming sectors. Despite Bitcoin's price volatility, the network’s surge suggests a growing role for Bitcoin as a practical medium of exchange. (CoinTelegraph)
Stablecoin Market Endures a 35% Drop Amid Rising Treasury Yields
The stablecoin market has faced a 35% decline in capitalization, driven by high Treasury yields and regulatory pressures in the U.S. Although trading volumes are down, experts forecast recovery with lower rates and potential regulatory support, with assets like USDT showing resilience in a challenging market. (DeCrypt)
Chainlink's LINK: A Safe Harbor in the RWA Tokenization Tide
As Real-World Asset (RWA) tokenization grows, Chainlink’s LINK token emerges as a secure investment, benefiting from its pivotal role in connecting blockchains with external data. With RWA tokenization gaining traction, LINK is well-positioned for growth amid crypto’s evolving financial landscape. (CoinDesk)
Amazon Web Services Collaborates with Immutable to Boost Blockchain Gaming
Blockchain gaming firm Immutable has partnered with AWS to enhance its game development infrastructure. Joining AWS’s ISV Accelerate and Activate programs, Immutable is set to support blockchain-based gaming, marking a significant intersection of blockchain and the gaming industry. (DeCrypt)
Lido's Grant Proposal Faces Scrutiny in Arbitrum Community
Lido's request for Arbitrum grant funding for its staked ether product has faced a mixed community response, with critics concerned over potential centralization as Lido manages a large portion of staked ether. The debate highlights the need to balance innovation with decentralization concerns within the ecosystem. (BlockWorks)
Non-custodial Crypto Cards Gaining Traction Amid Wider Industry Shift
The rise of non-custodial crypto cards, which link to self-custody wallets, reflects a broader industry trend toward user-controlled finance. This shift, amplified by the collapse of platforms like FTX, indicates a future where decentralized financial solutions play an integral role in mainstream finance. (BlockWorks)
Litecoin Hits Transaction Milestone Amid Struggles
Litecoin recently celebrated 180 million total transactions, but challenges persist with declining token value and fee revenue. While achieving a milestone in 2023, Litecoin faces hurdles in regaining its former market position and financial stability. (BlockWorks)
Yuga Labs' Revenue Plummets Due to Blur's Low Royalty Fee
Yuga Labs experienced a sharp decline in royalty revenue following the introduction of Blur’s 0.5% royalty fee. This policy shift, combined with crypto’s bear market, has reshaped the NFT marketplace landscape, reducing Yuga Labs’ quarterly royalty revenue significantly. (TheBlock)
