Tether has notched its 500 millionth user of its USDT stablecoin, an achievement its CEO Paolo Ardoino said is “likely the biggest financial inclusion achievement in history.” US dollar-pegged stablecoin Tether hit its 500 millionth user on Tuesday, offering a means to transact and save for those who have been excluded by the traditional banking system. “Likely the biggest financial inclusion achievement in history,” Tetherj CEO Paolo Ardoino wrote in a post on X. Tether said the figure represents 500 million “real people,” not simply Tether (USDT) wallets, suggesting its stablecoin has now been used by around 6.25% of the world’s population. Read more
The team behind the Kadena blockchain said it is no longer able to continue business operations and will cease maintenance of the network immediately. The native token behind the Kadena layer 1 blockchain plummeted 60% in 90 minutes on Tuesday after its founding team announced it was winding down and ceasing all network maintenance due to “market conditions.” In a post to X on Tuesday, Kadena said it “is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.” “We are tremendously grateful to everybody who has participated in this journey with us. We regret that because of market conditions we are unable to continue to promote and support the adoption of this unique decentralized offering,” it said. Read more
The partnership links Aave’s liquidity with Maple Finance’s institutional credit pools, introducing yield-bearing stablecoins to Aave's lending markets. Lending protocol Aave has partnered with onchain credit platform Maple Finance to connect institutional capital with decentralized liquidity. Announced on Tuesday, the integration will introduce Maple’s yield-bearing stablecoins — syrupUSDC and syrupUSDT — to Aave. SyrupUSDC will be listed in Aave’s core market, while syrupUSDT will be available in its Plasma instance. The tokens are backed by assets from Maple’s onchain credit pools, which manage billions of dollars in institutional capital from allocators and borrowers. According to Maple, the move is intended to “stabilize borrow demand and improve capital efficiency” across Aave’s markets. Read more
While Ocean Protocol denied the allegations, onchain data points to an Ocean Protocol-linked multisignature wallet converting about 661 million Ocean tokens into 286 million FET. The ongoing feud between Fetch.ai CEO Humayun Sheikh and Ocean Protocol Foundation took another twist, as the CEO issued a bounty for more information related to an alleged misappropriation of tokens worth millions of dollars. Sheikh, in an X post on Tuesday, offered a $250,000 reward for more information on the signatories of OceanDAO’s multisignature wallet and their connection to the Ocean Protocol Foundation. A multisignature or multisig wallet is a cryptocurrency wallet that requires multiple signatures to execute and process a transaction. Read more
The cap on individual transactions aims to improve block efficiency, reduce DoS risks and lay the groundwork for parallel execution in future upgrades like Glamsterdam. Ethereum is entering the final testnet phase of its Fusaka upgrade, the last major step before its expected mainnet rollout on Dec. 3. The update introduces a per-transaction gas cap of roughly 16.78 million units to enhance block efficiency and prepare the network for parallel execution. The change, already active on the Holesky and Sepolia testnets, is designed to prevent single transactions from consuming an entire block’s gas. Previously, a single transaction could use up to the full block gas limit of around 45 million, posing potential denial-of-service risks and limiting scalability. A gas cap limits how much processing power a single transaction can use, ensuring no transaction can monopolize an entire block, and allowing the network to handle activity more evenly. Read more