Current blockchain infrastructure has inadequate throughput and systematic front-running. Real-world finance demands sub-second finality and fair transaction ordering. Opinion by: Joshua Sum, head of product at Solayer Labs Consider a single, borderless financial market operating around the clock, where a farmer in Nebraska can instantly hedge wheat futures. At the same time, a pension fund in Tokyo trades Tesla shares seamlessly, all without permission, intermediaries or geographic constraints. This isn’t science fiction. Read more
Bitcoin has been called "digital gold," and some of its key properties may help BTC rally more than the precious metal in percentage terms. Bitcoin (BTC) has vastly underperformed gold (XAU) in the past year, dropping by 13.25% compared with the precious metal’s almost 100% rally. Can BTC catch up to gold’s gains? Key takeaways: Bitcoin’s supply is capped at 21 million, with about 1 million left to be mined. Read more
Heavy outflows from Bitcoin ETFs have diminished, putting BTC price in a better position to overcome the next hurdle at $93,000. Bitcoin’s (BTC) pre-FOMC rally on Wednesday stalled at $90,000 amid stiff overhead resistance and weak ETF demand. Still, several data points suggested that upward momentum may increase once the BTC/USD pair breaks above $93,000. Key takeaways: BTC bulls must flip the $90,000-$93,000 range into new support. Read more
Hong Kong-listed OSL Group plans acquisitions and global expansion after securing fresh capital to scale its stablecoin and digital payments business. OSL Group has raised $200 million in equity financing as it steps up plans to expand its stablecoin trading and payment businesses globally. The Hong Kong–listed digital asset company said the capital injection will strengthen its balance sheet and support growth across regulated digital payment and settlement services, according to a Thursday announcement. “The market has strongly validated OSL Group’s strategic positioning within the stablecoin and payment space,” chief financial officer Ivan Wong said. “This financing round will allow us to welcome more like-minded strategic and long-term investors,” he added. Read more
Solana’s validator count has dropped 68% since 2023 as rising costs and zero-fee competition push smaller node operators offline. Solana’s validator count has fallen dramatically over the past three years, raising concerns about the blockchain network’s decentralization as the economics of running a node squeezes out smaller operators. The number of Solana validators fell 68% to 795 as of Wednesday, from a peak of 2,560 validator nodes in March 2023, according to Solanacompass data. Validators are responsible for adding new blocks and verifying transactions in proposed blocks, playing a vital role in the operations of the decentralized ledger. Read more
Metaplanet said proceeds will be used for Bitcoin purchases, its Bitcoin income business and partial debt repayment as it executes its capital strategy. Tokyo-listed Bitcoin-focused company Metaplanet approved an overseas capital raise of as much as $137 million, combining new common shares and stock acquisition rights as it looks to expand its Bitcoin holdings and reduce debt. In a Thursday filing, Metaplanet said it plans to issue 24.5 million common shares at 499 Japanese yen per share, raising about 12.24 billion yen ($78 million) upfront. It also approved the issuance of 159,440 stock acquisition rights, representing up to 15.9 million additional shares, which could raise about $56 million if exercised. The warrants give investors the option to buy shares later at a fixed price above the current market level, but only over the next year. Both the shares and warrants will be sold privately to overseas investors, subject to routine closing conditions, according to the filing. Read more
Regulators gain wider discretion to vet shareholders, finances and controls as South Korea tightens crypto market access. South Korea’s National Assembly has approved an overhaul of the country’s crypto licensing regime, tightening entry requirements for virtual asset service providers (VASPs) and expanding scrutiny to include controlling shareholders. On Thursday, lawmakers passed an amendment to the Act on Reporting and Using Specified Financial Transaction Information, a cornerstone of Korea’s Anti-Money Laundering (AML) framework for digital assets. The committee substitute bill was approved at a plenary session and is expected to take effect six months after the law is enacted. The new rules widen background checks for crypto firms applying to operate in South Korea. Regulators will now vet not just company executives but also major shareholders. The list of red flags has expanded beyond financial crimes to include offenses such as drug trafficking, tax evasion, fair-trade violations, serious economic cr...
Crypto exchange Bybit said its new “My Bank” accounts will give users personal IBANs, instant fiat access, multi-currency transfers and crypto trading under their own name. Bybit, one of the world’s biggest crypto exchanges by trading volume, plans to launch retail banking services on its platform starting in February, the company said Thursday. Bybit unveiled the product, “My Bank powered by Bybit,” during a live online keynote on Thursday. Bybit CEO Ben Zhou said the service will offer users a personal IBAN (international bank account number), allowing them to send and receive funds across banks in multiple currencies, with US dollar transfers supported at launch. Read more