Investment Manager Hashdex Withdraws spot Ether ETF Application
Hashdex has reportedly withdrawn its application for a spot Ether exchange-traded fund (ETF), according to documents submitted to the US Securities and Exchange Commission (SEC). Hashdex withdrew its application for a proposed rule change that would have permitted the launch of its Hashdex Nasdaq Ethereum ETF, according to a filing dated May 28. The financial […]
Ex Consensys Employee Launches USD3 Stablecoin
An ex-Consensys employee, Jack Jia, has launched a new stablecoin, dubbed USD3, and is set to go live on major blockchains. Established “with a programmatic layer in mind,” Stable.com, a fintech firm co-founded by former Consensys employee Jack Jia, is introducing a novel 1:1-backed stablecoin. Avalanche, Linea, Polygon, Ethereum, and USD3 are all on schedule […]
Mastercard Launches P2P Pilot Program for Crypto Credentials
Mastercard has launched a P2P pilot program for crypto credentials to streamline transactions and prevent consumer error. Bit2Me, Lirium, Mercado, and FoxBit, all exchange partners of Mastercard, are participating in the exercise. Executive vice president of product and engineering for Latin America at Mastercard, Walter Pimenta, stated: “As interest in blockchain and digital assets continues […]
PayPal’s PYUSD Now Available on Solana Blockchain
PayPal has made its initial foray outside the Ethereum ecosystem by introducing its stablecoin PYUSD on the Solana Blockchain and targeting payment use cases. A statement published on May 28 states that including PYUSD in the Solana network enables users to conduct transactions at a reduced expense. The effort is to broaden the application of […]
Starknet Allocates $25M as First Installment of Its Catalyst Program
The Starknet’s Catalyst program aims to give previously developed initiatives on the network about 20 million Starknet (STRK) tokens from the Starknet Foundation. An announcement shared with Cointelegraph states that the Starknet Foundation will allocate Starknet tokens valued at around $25.2 million to the twenty-one highest-performing initiatives in the ecosystem as part of its new […]