Erik Zhang, co-founder and core developer of Neo, has published an article outlining a broader vision for OneGate, repositioning the Neo N3 wallet as a platform for decentralised identity, permissions, and digital rights rather than primarily a transaction tool. The article, titled “Why OneGate Matters,” argues that Web3 should extend user autonomy beyond finance and
South Korean IT services giant LG CNS is developing a platform designed to support the issuance, trading, and distribution of stablecoins, according to the company’s half-year report released on Aug. 14. The move signals a significant enterprise commitment to blockchain-based financial infrastructure in one of Asia’s most advanced digital economies. Blockchain as a core R&D
An anonymous trader has increased a leveraged Bitcoin short position on Hyperliquid to approximately $125.37 million, making it the largest $BTC short currently visible on-chain, according to blockchain analytics platform Lookonchain. Position details and leverage The wallet address, starting with 0xff84, now holds a short position of 2,000 $BTC at 40x leverage. The average entry
JPMorgan’s reported position in BlackRock’s Bitcoin exchange-traded fund increased by about 25% in the second quarter, while its Ether ETF position more than quadrupled, according to its latest securities filing. The Form 13F filing with the US Securities and Exchange Commission, submitted Wednesday, covers holdings as of June 30 and includes 17 other investment managers
South Korea’s sovereign wealth fund, Korea Investment Corporation (KIC), has taken a new stake in Circle, the issuer of the $USDC stablecoin, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The filing, dated August 12, reveals that KIC held 65,443 shares of Circle during the second quarter of the year,
Tokenization-related stocks slid Friday after another delay to a long-awaited U.S. regulatory initiative weighed on investor sentiment towards the industry’s expansion into traditional securities. Bullish BLSH$24.71 fell about 8% in early trading, reversing gains following its second-quarter earnings report. The crypto platform, which owns CoinDesk, is acquiring transfer agent Equiniti as it builds infrastructure for
Bitcoin ($BTC) long positions are “facing liquidation” as volatility shows signs that a range breakout is finally coming. Key points: Bitcoin long positions face multiple threats as $BTC price action heads toward new August lows, analyst warns. The correlation between Binance open interest and price reached 0.25 on Thursday as both fell. The Bitcoin bull
Crypto remains a marginal payment option among euro area businesses even as other forms of digital payments gain ground, according to a new European Central Bank (ECB) report. Just 0.2% of companies selling goods and services online accept crypto assets, the ECB said in its survey on companies’ cash use, published Thursday. Cash remains the
US investment banking giant Morgan Stanley reported larger crypto fund positions in the second quarter, led by an increase of more than 3 million shares in BlackRock’s Bitcoin exchange-traded fund (ETF). Morgan Stanley’s reported holdings in BlackRock’s iShares Bitcoin Trust ETF (IBIT) increased by 23% to around 16.5 million shares from 13.4 million, according to