tl;dr
• Jupiter has initiated a vote to reduce its JUP token supply by 3 billion, aiming to improve transparency and has formed strategic partnerships with Chaos Labs, Gauntlet, and Offside Labs.• ARK Invest sold $2.7 million worth of Coinbase stock as part of its portfolio rebalancing strategy amid a dow...
• Jupiter has initiated a vote to reduce its JUP token supply by 3 billion, aiming to improve transparency and has formed strategic partnerships with Chaos Labs, Gauntlet, and Offside Labs.
• ARK Invest sold $2.7 million worth of Coinbase stock as part of its portfolio rebalancing strategy amid a downturn in the crypto market affecting companies like MicroStrategy, Marathon Digital, and Riot.
• Fantom has rebranded to Sonic Labs, introducing the Sonic Ethereum Virtual Machine and a new token, S
• BlackRock's tokenized BUIDL fund surpassed $2 million in monthly dividends, reflecting institutional interest in tokenized money market funds and BlackRock's growing influence with Bitcoin and Ethereum ETFs.
• Singapore-based BingX has launched a crypto project incubator to support emerging digital asset projects, providing resources like market-making and technical support to foster innovation in Web3.
• Mt. Gox has transferred $2.25 billion worth of BTC to finalize repayments, significantly reducing its distribution holdings, with continued repayments planned for its creditors.
• Ethereum ETFs experience billion-dollar swings, with significant outflows and inflows as whale activity increases, affecting prices and market dynamics.
• Global banking institutions, including the Bank for International Settlements and the Bank of England, collaborate on stablecoin oversight to ensure real-time tracking of reserves, addressing regulatory concerns and strengthening the stablecoin sector.
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