Wyoming announced the mainnet launch of the Frontier Stable Token stablecoin, becoming one of the first US states to issue a stablecoin. The Wyoming Stable Token Commission, a body authorized by the US state to issue a stablecoin, announced the mainnet launch of the Frontier Stable Token (FRNT) stablecoin. The FRNT stablecoin is a fully-collateralized digital token backed by short-duration US Treasury bills and US dollars, with a statutorily mandated 102% reserve requirement, the commission said in an announcement on Tuesday. According to CryptoAmerica host Eleanor Terrett, the FRNT is now live on seven blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base. Read more
Bitcoin’s sharp sell-off caught many traders off-guard, intensifying the rate of long liquidations, but data shows bulls stepping in to buy the dip. Key points: Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. Read more
Bitcoin mining-turned Ethereum firm BTCS Inc said it will be the first public company to issue an Ether dividend. Ethereum treasury firm BTCS Inc. will issue a one-time Ether dividend payment and a loyalty payment, totaling $0.40 per share in ETH, to reward shareholders and limit “predatory short-selling.” “These payments are designed to reward our long-term shareholders and empower them to take control of their investment by reducing the ability of their shares to be lent to predatory short-sellers,” the Bitcoin mining-turned Ethereum firm said on Monday. BTCS says it would be the first publicly traded company to issue a dividend in ETH — a move seemingly received well by investors as BTCS shares rose 10.4% on the day. Read more