The Cardano Foundation has proposed allocating 50 million ADA (worth about $40.5 million) to a new liquidity fund to expand stablecoin adoption and DeFi activity on the network.The Foundation argued that deeper liquidity remains one of the blockchain network ecosystem’s most urgent needs. It added that an expanded stablecoin supply could bolster Cardano adoption and provide an adequate revenue source for its treasury.According to the Foundation:“This proposal not only seeks to deploy treasury funds for the good of the Cardano blockchain and create a sustainable source of revenue, but will also create additional benefits for the ecosystem.”According to estimates, the…
Author: cryphedge
Journalist Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in… Share Last updated: September 24, 2025 AgriFORCE Growing Systems Ltd. has announced plans to rebrand as AVAX One, positioning itself as the first Nasdaq-listed company dedicated to maximizing ownership of AVAX, the native token of the Avalanche blockchain. The company seeks to raise around $550 million, with the goal of holding more than $700 million in AVAX, establishing itself as a foundational player in…
Dogecoin (DOGE) price has possibly reached its correction bottom. The leading memecoin, with a market cap of about $36.8 billion, gained 2% during the last 24 hours to reach its daily peak of about $0.2497 before retracting to trade around $0.2429 at press time.Why Is the DOGE Price Up Today?Technical TailwindsDogecoin price rebounded today partially fueled by technical tailwinds. The dog-themed memecoin has been forming a rising wedge pattern since early April 2025. Following the recent retrace towards 23 cents, after the crypto market recorded a $1.7 billion liquidation of leveraged trades, DOGE price retested the lower border of its rising…
The Senate Finance Committee said Sept. 24 that it will hold a hearing next week on how digital assets should be taxed as industry leaders continue to push for clear federal rules.Committee Chairman Mike Crapo announced that the session, titled “Examining the Taxation of Digital Assets,” will be held on Oct. 1.According to the notice, Coinbase vice president of tax Lawrence Zlatkin and Coin Center policy director Jason Somensatto are scheduled to testify.The committee previously sought public input on how existing tax laws apply to cryptocurrencies and whether new legislation is needed.The upcoming hearing is expected to build on recommendations…
Democratic Senators called for investigations into potential ethics violations by Trump administration officials related to World Liberty Financial and its $2 billion in funding from the UAE.In a Sept. 23 letter, Senators Elizabeth Warren and Elissa Slotkin requested that the inspectors general of the Commerce and State Departments examine whether officials violated ethics rules in transactions that allegedly enriched President Trump’s family and raised national security concerns among White House staff.Probe targetsThe probe targets deals involving Trump adviser Steve Witkoff, who worked as a State Department employee for six months before transferring to a White House position. It centers on…
Aster climbed to a new record high on Tuesday after the decentralized derivatives platform overtook Hyperliquid in trading volume for the second day in a row.DefiLlama data shows that on Sept. 24, Aster, formerly ApolloX, handled more than $23 billion in perpetual futures trades, more than double Hyperliquid’s $10 billion on the same day.Despite the surge, Hyperliquid still leads on a monthly basis, recording nearly $300 billion in transactions over the past 30 days compared with Aster’s $48 billion.The trading burst fueled a sharp rise in Aster’s token, which climbed to a new high of $2.40 and pushed its fully…
GSR submitted filings for five crypto-focused exchange-traded funds (ETFs) to the Securities and Exchange Commission on Sept. 24, tracking the performance of digital asset treasury (DAT) companies and Ethereum (ETH) staking.The Digital Asset Treasury Companies ETF aims to achieve total return by investing in equity securities of companies that hold digital assets in their corporate treasuries.The fund will invest at least 80% of its assets in these Digital Asset Treasury Companies, with the adviser defining eligible companies as those that maintain a significant portion of their holdings in crypto.The fund expects to hold approximately 10 to 15 positions, comprising 5…
The US Commodity Futures Trading Commission (CFTC) plans to allow tokenized assets, including stablecoins, to be used as collateral in derivatives markets. Acting Chair Caroline Pham has been pushing for an aggressive crypto sprint in an effort to open the markets to crypto. While the plan enjoys support from major crypto firms, it is non-binding. CFTC Open To Stablecoins As Collateral The Commodity Futures Trading Commission (CFTC) is planning to allow tokenized assets, including stablecoins, as collateral in derivatives markets. According to Caroline Pham, the acting chair of the CFTC, the agency will work closely with all stakeholders and has…
Tether, the entity behind the world’s largest stablecoin, is reportedly in talks to raise $20 billion at a $500 billion valuation, CEO Paolo Ardoino has confirmed. The deal could make Tether one of the world’s most valuable companies, alongside OpenAI and Elon Musk’s SpaceX. The company will look to raise the funds through a private placement, in exchange for a roughly 3% stake. Tether Evaluating Major Fundraising Round Tether CEO Paolo Ardoino has confirmed that the company is in discussions with investors to raise as much as $20 billion in a fundraising round that would value the company at around…
Journalist Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in… Share Last updated: September 24, 2025 DeFi Development Corp, the first publicly listed company structured around a Solana-based treasury strategy, has expanded its share repurchase program to $100 million, marking one of the largest stock buyback initiatives in the digital asset sector.The company announced on Wednesday that its Board of Directors had approved an increase to the authorization from its initial $1 million, allowing…
