Dunamu Upbit's Giwa chain powering a won-backed stablecoin, symbolizing South Korea's advanced blockchain finance.
Blockchain News

Revolutionary: Dunamu Upbit’s Giwa Chain to Power Won-Backed Stablecoin Innovation

The digital asset landscape in South Korea is indeed on the cusp of a significant transformation. Dunamu, the prominent operator behind the nation’s leading cryptocurrency exchange, Upbit, has unveiled ambitious and forward-thinking plans. Specifically, Dunamu CEO Oh Kyung-seok announced the development of a won-backed stablecoin on its proprietary Layer 2 chain, Giwa. This strategic move […]

Visualizing Sky and Hyperliquid logos competing to issue the USDH stablecoin, highlighting the intense battle for dominance in the DeFi space.
Blockchain News

Sky Crypto Unleashes Fierce Battle for Hyperliquid’s USDH Stablecoin Dominance

The decentralized finance (DeFi) landscape constantly evolves, driven by innovation and strategic competition. A significant development recently emerged, capturing the attention of the entire crypto community. Sky, the rebranded entity formerly known as MakerDAO, officially announced its formidable entry into the intense competition. This move targets the issuance of **Hyperliquid’s** native stablecoin, **USDH stablecoin**. This […]

Upbit Giwa Layer 2 network launch, symbolizing enhanced blockchain scalability and efficiency for the crypto exchange.
Blockchain News

Upbit Giwa: Unveiling a Strategic OP Stack Layer 2 Network for Enhanced Scalability

The cryptocurrency landscape continually evolves, driving innovation. South Korean crypto exchange Upbit recently made a significant announcement. It introduced **Giwa**, a new Layer 2 blockchain network. This development marks a pivotal moment for the exchange and its users. Giwa is built on the robust **OP Stack Layer 2** framework, promising enhanced performance and efficiency. This […]

Depiction of the **SwissBorg hack** impact, showing digital currency symbols scattered, symbolizing the $41.5M SOL lost from the staking protocol.
Blockchain News

Urgent SwissBorg Hack: $41.5M SOL Lost, Community Awaits Compensation

The cryptocurrency world has been rocked by a significant security incident. SwissBorg, a popular cryptocurrency trading and analysis platform, recently experienced a devastating cyberattack. This breach resulted in a substantial loss of $41.5 million worth of Solana (SOL). The incident has sent ripples through the community, prompting urgent discussions about security measures in the digital […]

Illustration depicting the Aqua Solana rug pull, with digital assets falling into a void, symbolizing the alleged $4.65 million crypto scam.
Blockchain News

Urgent Warning: Aqua Solana Rug Pull Alleged, $4.65M Vanishes in Crypto Scam

The cryptocurrency world often promises innovation and opportunity. However, it also presents significant risks, including the ever-present danger of a **crypto scam**. Recently, the Solana ecosystem has been shaken by severe allegations. Prominent on-chain analyst ZachXBT has accused a project named Aqua of executing a massive **Aqua rug pull**, allegedly siphoning millions from unsuspecting investors. […]

A conceptual image illustrating the US national debt being influenced by cryptocurrencies, specifically stablecoins, and their potential impact on global financial order.
Blockchain News

Unveiling the Bold Claim: US National Debt, Cryptocurrencies, and the Global Financial Order

A striking claim has emerged from the Eastern Economic Forum. Anton Kobyakov, a senior advisor to Russian President Vladimir Putin, suggests the United States employs **cryptocurrencies**—especially **stablecoins**—to address its substantial **US national debt**. This assertion raises significant questions about international finance and the future of the global economy. Putin Advisor Alleges US Crypto Strategy for […]

A digital chart showing the remarkable growth of USDC supply, reflecting Bernstein's optimistic forecast for Circle's future in the stablecoin sector.
Blockchain News

USDC Supply: Explosive Growth Surpasses Forecasts, Bernstein Issues Optimistic Circle Rating

The cryptocurrency world often sees rapid shifts. However, recent data concerning **USDC** supply truly stands out. A major Wall Street brokerage, Bernstein, has delivered an incredibly bullish report on Circle, the issuer of the popular **stablecoin**. This analysis reveals a surge in **USDC** supply, significantly exceeding previous expectations. Investors and market observers are now keenly […]

A subtle, fading digital art display in a sophisticated auction house, representing Christie's digital art department closing and the shift in the NFT market for Christie's digital art.
Blockchain News

Christie’s Digital Art: Crucial Closure Amidst NFT Market Turmoil

The art world is witnessing a significant shift. Christie’s, a renowned auction house, has closed its dedicated digital art department. This decision signals a pivotal moment for the burgeoning crypto art market. Indeed, the move reflects broader trends within the digital collectibles space. It also raises questions about the future of high-value digital assets. Understanding […]

Digital vault with 250 million **USDC minted** coins, showing its impact on the **stablecoin supply** and **crypto market** dynamics.
Blockchain News

Crucial: 250 Million **USDC Minted** — What This Signals for the **Crypto Market**

A significant transaction recently captured the attention of the cryptocurrency community. **Whale Alert**, a prominent blockchain tracker, reported the minting of 250 million **USDC minted** at the **USDC Treasury**. This substantial event immediately raises questions about its potential impact on the **stablecoin supply** and the broader **crypto market**. Understanding USDC and Its Role in the […]