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Tech

Ethereum's 'Fusaka' Upgrade Cements Network's Role as On-Chain Finance Settlement Layer: Bitwise

The upgrade will boost throughput, keep validators efficient and, most importantly, strengthen Ethereum's value capture by putting a floor under blob fees.

Ethereum Logo (Midjourney / Modified by CoinDesk)

Tech

Firelight Introduces XRP Staking for DeFi Insurance Layer Against Exploits

The new protocol, developed by Sentora and Flare Network, aims to combine XRP yield opportunity with offering protection against DeFi hacks.

XRP Logo

Finance

Ostium Raises $20M Series A Led by General Catalyst, Jump Crypto to Put TradFi Perps Onchain

Built on Arbitrum, the perpetuals protocol has processed $25 billion in trading volume by offering self-custodial bets on gold, FX and other real-world markets.

(sergeitokmakov/Pixabay/Modified by CoinDesk)

Finance

Kalshi’s Luana Lopes Lara Becomes Youngest Female Self-Made Billionaire

A recent $1 billion funding round led by Paradigm puts Kalshi co-founders Luana Lopes Lara and Tarek Mansour on the billionaire list.

Luana Lopes Lara

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Markets

S&P's Tether Downgrade Revives 'De-pegging' Risk Warning, HSBC Says

The rating agency's Tether downgrade flags redemption risk, potentially nudging institutions to higher-rated stablecoins and tokenized deposits.

Tether (CoinDesk)

Markets

IREN Investors Mull Outlook After $3.6B Capital Raise as Jim Cramer Says 'Sell'

The bitcoin miner turned AI compute provider tumbled on Tuesday and is now down nearly 50% over the past month.

CoinDesk

Finance

Sony’s Blockchain Partner Startale Launches Dollar Stablecoin on Soneium

The Startale USD token, developed with M0, aims to power payments and rewards across the electronics giant Sony's Web3 ecosystem.

Sony (CoinDesk Archives)

Markets

Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’

Stable and Theo committed over $100 million to ULTRA, a tokenized U.S. Treasury fund managed by FundBridge Capital and Wellington Management.

Art installation reminiscent of digital ecosystems

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Finance

Jane Street Leads $105M Funding for Antithesis, a Testing Tool Used by Ethereum Network

Antithesis said its Series A will scale deterministic simulation testing, replaying complex failures exactly for crypto and other always-on systems.

Scattered pile of $1 bills (Gerd Altmann/Pixabay, modified by CoinDesk)

Finance

Parataxis Agrees to Buy Control of South Korea's Sinsiway for $27M, Build Ether Treasury

The deal would rename Sinsiway as Parataxis ETH, Inc. and make it South Korea's first ether-focused treasury platform backed by U.S. institutional capital.

South Korea's flag (Daniel Bernard/Unsplash)