Coins.ph Introduces USDC HODL and Earn, Offering Rewards
Coins.ph has introduced a USDC HODL and Earn program, allowing users to earn rewards by holding USDC stablecoins in their wallets. Users have a chance to enjoy a 5% annual yield on their USDC holdings through this initiative, promoting the adoption of stablecoins in the Philippines' crypto ecosystem. This move signifies Coins.ph's commitment to providing value-added services to its user base and advancing the use of cryptocurrencies in the country. (BitPinas)
SEC Seeks Public Input on Emerging Tech Regulation
The Philippines Securities and Exchange Commission (SEC) is actively seeking public input regarding the regulation of emerging technologies in the financial industry. This move is part of the SEC's efforts to understand the implications of technology, including blockchain and cryptocurrencies, on the market. The SEC's initiative reflects a commitment to informed and inclusive policy making in the rapidly evolving landscape of fintech and digital assets. (BitPinas)
Ethereum's Dencun Upgrade Progresses
Ethereum's Dencun upgrade is advancing steadily, with developers actively working on its implementation. This upgrade is expected to enhance Ethereum's performance, scalability, and usability. The ongoing progress signifies Ethereum's commitment to maintaining its position as a leading blockchain platform. (Blockworks)
Avalanche Transactions Surge as Stars Arena Gains Traction
The popularity of Stars Arena, a competitor to social media protocol Friend.Tech, has led to a significant increase in transaction activity on the Avalanche blockchain. Stars Arena is a decentralized finance (DeFi) project that has been gaining momentum, contributing to the growing ecosystem on Avalanche. The surge in transactions underscores Avalanche's position as a blockchain platform of choice for DeFi and related applications. (The Block)
Telegram's TON Raises Eight-Figure Sum for Web3 Super App
TON, Telegram's decentralized blockchain platform, secures an eight-figure funding round. The project aims to combine decentralized and traditional internet services. This substantial investment signifies growing interest in the convergence of Web3 and mainstream applications. (Cointelegraph)
Visa's Crypto Cards Generate $3 Billion Payment Volume Since 2021
Visa's cryptocurrency cards have facilitated over $3 billion in payment volume since their introduction in 2021. These cards allow users to spend their crypto holdings at traditional merchants, bridging the gap between digital assets and mainstream payments. Visa's success in this space reflects the growing integration of cryptocurrencies into everyday financial transactions. (The Bit Times)
Vitalik Buterin Considers Ethereum Staking Changes
Ethereum co-founder Vitalik Buterin has discussed potential changes to the Ethereum staking mechanism in a recent blog post. Buterin contemplates reducing the minimum staking requirements to enhance decentralization and accessibility within the Ethereum 2.0 network. These proposed changes aim to make staking more inclusive and participatory for Ethereum users. (The Block)
Solana Witnesses Surge in Minting of Compressed NFTs
Solana is experiencing a significant uptick in the weekly minting of compressed NFTs, with millions being created. These compressed NFTs are smaller in size, making them more energy-efficient and cost-effective compared to traditional NFTs. This trend highlights Solana's growing prominence in the NFT space, driven by its scalability and environmental advantages. (The Defiant)
Blockchain Finance Set to Surge to $79.3 Billion Market by 2032
The blockchain finance sector is anticipated to grow substantially, with a projected market value of $79.3 billion by 2032. This growth is attributed to widespread adoption of blockchain technology across various financial segments, such as banking and insurance, driven by its potential to enhance security and operational efficiency in the financial industry. (Cointelegraph)
Circle Launches Open-Source Protocol for Tokenized Credit Markets
Circle has introduced an open-source protocol aimed at facilitating the development of tokenized credit markets. This initiative aims to enhance access to credit by enabling the creation of blockchain-based lending and borrowing solutions. Circle's move signifies a step forward in the integration of blockchain technology into traditional financial services. (CoinDesk)
OpenSea Simplifies NFT Minting with No-Code Hub
OpenSea has launched a No-Code Hub to simplify NFT minting for creators, offering easy-to-use tools and templates for minting NFTs without coding. This initiative aims to improve NFT creation and expand the NFT ecosystem, making it more accessible to a broader audience. OpenSea's efforts are expected to empower artists and developers to engage with the NFT space more easily. (The Block)
