The CEO of the largest cryptocurrency exchange in the United States has proposed rethinking the company’s asset listing process in response to a surge in token creation. In a Jan. 24 X post, Coinbase CEO Brian Armstrong noted the challenges posed by the exponential growth of new tokens. “We need to rethink our listing process…
Solana-based decentralized exchange (DEX) aggregator Jupiter announced the acquisition of a majority stake in Moonshot, an app that allows users to buy memecoins using Apple Pay. Meow, Jupiter’s pseudonymous founder on Jan. 25 shared the news on X: “For the first announcement of Catstanbul, I’m thrilled to share that Jupiter Exchange has acquired a majority stake in…
Following the re-election of President Donald Trump in the United States, crypto advocacy groups have shifted their focus to key players in both chambers of Congress, which advocacy groups have characterized as the most pro-crypto Congress in history. Ron Hammond, the senior director of government relations at the Blockchain Association, told Cointelegraph editor Jesse Coghlan…
Binance co-founder Changpeng Zhao (CZ) echoed calls for government transparency by bringing all public spending onchain in every country. CZ chimed in following reports of Elon Musk and the Department of Government Efficiency (DOGE) exploring blockchain to track government spending and reduce the federal deficit in the United States. CZ wrote in a Jan. 25 X post: “Unpopular…
What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts to regulate cryptocurrency custody. It required financial institutions to list any crypto assets they held on behalf of customers as liabilities on their balance sheets. In essence, it handled these digital…
Ethereum co-founder Vitalik Buterin outlined a multi-pronged strategy to scale the Ethereum ecosystem by fostering growth in layer-2 (L2) solutions, advancing blob scaling and reinforcing Ether’s role as the ecosystem’s primary economic driver. In a blog post, Buterin suggested that Ether should be cemented “as the primary asset of the greater (L1 + L2) Ethereum economy,”…
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