theblock

Hyper Foundation proposes removing $1 billion worth of HYPE tokens from circulating supply by zeroing out Hyperliquid's Assistance Fund

The Hyper Foundation has submitted a proposal to recognize the tokens sitting in the inaccessible Assistance Fund as officially “burned.” In practice, the fund functions like a continuous ...
theblock

FDIC proposes stablecoin application framework rule as it moves forward with GENIUS Act

The Federal Deposit Insurance Corporation is moving ahead with implementing parts of a stablecoin act passed into law this summer. On Tuesday, the FDIC's board of directors approved a notice of ...
theblock

'Ethereum is the future of finance': Tom Lee's BitMine adds $321 million in ether to corporate ETH treasury

BitMine has increased its ETH holdings to 3.97 million tokens following another week of buying after the slowdown in November. The firm also reaffirmed its plans for the MAVAN staking network in early ...
theblock

Ripple taps Wormhole to expand RLUSD to Layer 2 chains like Base and Optimism

Ripple is testing on Optimism, Base, Ink, and Unichain, leveraging Wormhole and its NTT token standard ahead of plans to launch RLUSD on Layer 2 blockchains next year. RLUSD has a total supply of over ...