Stablecoin compliance could determine which issuers win institutional adoption as new US accounting and regulatory rules raise standards for redemption, reserves and risk controls, according to Aquanow CEO Phil Sham.
Crypto
DeFi Development Corp. has launched State of Solana, a public real-time research platform that tracks Solana market, network, staking, validator, yield and ecosystem data through a single dashboard. Summary DeFi
BNB price traded near $707 on Aug. 26 after gaining nearly 13% from its Aug. 20 opening price, with technical charts showing strong momentum but growing resistance between $712 and
South Korean cryptocurrency exchange Upbit announced on Aug. 26 that it will add PolySwarm’s NCT token to its Korean won market. Summary Upbit will open NCT/KRW trading at 9:00 p.m.
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Dunamu has become the first South Korean crypto exchange operator approved to use the government’s shared administrative information system, giving Upbit a new way to verify customer information during KYC
Kraken temporarily restricted customer accounts after nearly 12,000 unsolicited cryptocurrency transfers reached addresses connected to the exchange between Aug. 17 and 24, according to an Aug. 25 report from Bloomberg.
Japan is preparing to study a blockchain settlement system capable of processing stock and government bond transactions around the clock, according to an Aug. 26 report from Nikkei. Summary Japan
Bitcoin has entered the early stage of a possible bull market after a 24% rally lifted CryptoQuant’s Bull Score from 30 to 80 within one week. Summary Bitcoin’s Bull Score
World Liberty Financial has launched its $4.05 billion USD1 stablecoin natively on the Canton Network, giving institutions a dollar-based settlement asset for tokenized securities and other real-world assets. Summary USD1
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