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Polygon network has implemented a hard fork to resolve a software bug that caused a temporary delay in transactions this week. The bug had caused up to 15-minute transaction finality delays on Polygon’s proof-of-stake network, highlighting the lacunae in the network system.
Avalanche Foundation is in talks to set up two Digital Asset Treasury firms in the U.S. The move is aimed at raising $1 billion to buy millions of AVAX at a discount. With former White House press secretary and cryptocurrency investor Anthony Scaramucci serving as an advisor, the first startup, headed by Hivemind Capital, hopes to raise up to $500 million through a Nasdaq-listed corporation. The second is a $500 million SPAC that Dragonfly Capital started.
India is slowing off the implementation of a broad crypto legislation. The bone of contention for many officials is the timeline of the regulation. Many position holders have expressed concerns that implementing a complete framework too soon could put the nation’s financial system at serious risk. The aversion comes despite a growing cryptocurrency market in the nation. Additionally, regulators in the nation want to ensure better protections against fraud and criminal use of crypto before proceeding.
BingX is all set to launch an AI crypto trading strategist. The tool, named AI Master, will provide 24/7 access to conversation with over 1,000 strategies inspired by 5 of the most influential masters. Additionally, the tool will help provide round-the-clock updates from AI-driven backtested data and strategy sources.
Crypto exchange KuCoin is partnering with golfing champion Adam Scott as their first Global Brand Ambassador. The move comes amid a rise in crypto and sports partnerships which have seen numerous crypto firms partner, sponsor and collaborate with sporting giants.
The Dogecoin Foundation is giving its treasury a new home. Its corporate arm, House of Doge, has partnered with Bitstamp, now part of Robinhood. The collaboration will see the firm safely hold and trade the project’s official funds. With CleanCore Solutions overseeing the treasury, this move is meant to bring more security, trust, and transparency to how Dogecoin manages its reserves.
U.S. crypto exchange Kraken is set to launch Xstocks to Europe in order to provide EU clients with tokenised trading. The move is aimed at giving European clients more options to explore and trade U.S. stocks.
The state of Georgia and Farmway Technologies have entered into a historic $100 million agreement to tokenise the country’s almond orchards. The move will likely bring blockchain technology closer to the agricultural industry. It will also enable investors to digitally share in orchard yields. The concept connects decentralised finance and traditional farming, marking a significant advancement in the integration of agri-tech and cryptocurrency.
Japan’s Metaplanet is issuing new 385 million shares at ¥553 each in order to buy more Bitcoin. The move aims to raise around $1.44 billion in order to purchase more Bitcoin and and BTC options trading.
Cboe Global Markets has declared its intention to provide Continuous Futures for Ether and Bitcoin, which will include 10-year contracts. The new structure reduces the need for frequent contract rollovers, which should make long-term position management easier for institutional and retail investors. Making trading in cryptocurrency derivatives more accessible and efficient is a big step forward.
