03:20 2025-03-28
European Union Regulator: Wants Insurance Companies to Achieve 100% Coverage of Cryptocurrency HoldingsThe European Union Insurance and Occupational Pensions Authority (EIOPA) proposed in its technical advice report to the European Union Commission on March 27 that insurers be required to maintain funds equal to the value of their cryptocurrency holdings as a measure to reduce policyholder risk. The proposed standard is much stricter than other asset classes, such as equities and real estate, which do not even need to have half the funding requirements.
EIOP...
03:08 2025-03-28
Dolomite expands to the Bitcoin network with Botanix Labs' SpiderchainOn March 28th, the decentralized lending protocol Dolomite (TVL~ $800 million) announced that it will expand to the Bitcoin network through integration with Spiderchain developed by Botanix Labs. Spiderchain is a Bitcoin-based Layer 2 solution that uses a proprietary proof-of-stake (PoS) consensus mechanism and transforms Bitcoin from the UTXO model to an Ethereum-like account model, thus supporting smart contracts. Dolomite has previously been running on multiple Ethereum-compatible networks, i...
02:58 2025-03-28
Comparison of the Regulatory Points of the STABLE Act and the GENIUS Act in the United StatesAccording to the analysis of independent researcher Ningning, there are significant differences in stablecoin regulation between the STABLE Act and the GENIUS Act introduced by the US House of Representatives and the Senate respectively. The STABLE Act focuses on protecting consumers and maintaining the hegemony of the US dollar, requiring issuers to have 1:1 cash reserves, US Treasury bonds or highly liquid assets, with no issuance caps and no state certification required, but there are strict ...
02:40 2025-03-28
SEC Commissioner Hester Peirce: Crypto Task Force Welcomes Applications for Reasonable Exemptions and No Enforcement ActionAfter the Securities Exchange Commission (SEC) held its first cryptocurrency roundtable, Commissioner Hester Peirce shared some key points, noting that the Securities Exchange Commission needs to consider crypto transactions separately from assets. Many crypto assets are not securities themselves, but the main issuance of crypto assets for financing purposes is securities transactions. Therefore, the SEC is willing to accept inquiries on how to conduct such issuance in the form of registered or ...
02:37 2025-03-28
Manus to raise new funding in Silicon Valley at $500 million valuationAccording to The Information, three people familiar with the matter said that Manus AI's team is in talks with potential investors, including U.S. venture capital institutions, to plan a new round of financing at a valuation of at least $500 million (about 3.75 billion yuan), which is about five times higher than the previous valuation.
It is reported that Manus uses tools such as Anthropic's Claude AI model, and pays Anthropic an average of $2 per task. The new round of financing may open Manus...
02:19 2025-03-28
Sonic announces the upcoming release of SonicCS 2.0Sonic Labs announced the upcoming release of SonicCS 2.0 protocol on the X platform, a new consensus protocol that can achieve twice the speed of consensus and reduce memory by 68%.
In addition, Andre Cronje, co-founder of Sonic Labs (Fantom), said that "we will not stop improving performance until we reach the physical limit until the SonicCS 2.0 protocol update".
01:49 2025-03-28
Meteora: The next phase will focus on Launchpads and launch the Meteora Launch GuideOn March 28th, Meteora officially announced on the X platform that the next phase of Meteora will focus on helping Launchpads (launch platform) succeed and launch Meteora Launch Guide as the core of technical support, integrating relevant resources and educational content to help developers and liquidity providers (LP Army) gain a deeper understanding of Meteora technology.
The Meteora Launch Guide will cover how to use different tools (e.g. DLMM, Dynamic AMM, Stake2earn, etc.), continuously upd...
01:43 2025-03-28
An address transferred 11 million Mubarak to Binance after Binance launched Mubarak, making a profit of $1.60 millionAccording to on-chain analyst Ember, after Binance listed Mubarak spot at 5 o'clock, an address transferred 11 million Mubarak (1.49 million USD) into Binance. He received a gain of 1.60 million USD (+ 1075%) on Mubarak.
He spent a total of 149,000 dollars to buy 13 million Mubarak at $0.011 on 3/14-3/16, and sold 2 million (266,000) at $0.133 through Bitget 6 days ago; the other 11 million were all transferred to Binance at $0.135 after Binance went live at 5:00 this morning.
Overall, he has a ...
