EddieJayonCrypto

 13 May 24

tl;dr

• Tether CEO Paolo Ardoino and Ripple CEO Brad Garlinghouse engage in a public dispute over potential SEC scrutiny and competitive dynamics in the stablecoin market.• Zest Protocol raises $3.5 million to bring DeFi features to Bitcoin through the Stacks mainnet and sBTC upgrade, led by Tim Draper an...

• Tether CEO Paolo Ardoino and Ripple CEO Brad Garlinghouse engage in a public dispute over potential SEC scrutiny and competitive dynamics in the stablecoin market.
• Zest Protocol raises $3.5 million to bring DeFi features to Bitcoin through the Stacks mainnet and sBTC upgrade, led by Tim Draper and Binance Labs
• Bahrain-based crypto exchange Rain experiences a $14.8 million hack, impacting its trading platform operations.
• Kenya partners with Marathon Digital Holdings to optimize renewable energy for bitcoin mining and develop a regulatory framework for crypto assets.
• The Bangko Sentral ng Pilipinas approves Coins.ph’s pilot project for PHPC, a stablecoin tied to the Philippine Peso, to improve money transfers.
• Consumers in China prefer Alipay and WeChat Pay over the digital yuan due to privacy concerns and usability.
• Infinite Block joins the XRP Ledger as a validator, supporting its expansion within Korea’s regulatory framework.
• The Sandbox’s Nicola Sebastiani discusses the thriving metaverse with a focus on user-generated content and future predictions for the platform.
• Runes protocol faces a significant downturn in activity and fee revenue post-Bitcoin halving, despite successful collections and increased transactions on the Bitcoin network.

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