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Blockchain developer Alchemy has launched a $5 million “Everyone Onchain Fund” to promote Web3 adoption on Ethereum. The funding will provide developers building on Alchemy with up to $10,000 in gas credits and $20,000 in computing credits. Support will initially be rolled out to OP Stack and Arbitrum Orbit.
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The latest edition of VC Roundup features seven funding announcements from across the industry.
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Both the US House and Senate held hearings on crypto debanking in early February that heard from crypto executives on their claimed torrid dealings with trying to access financial services under the Biden administration.
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Bybit CEO Ben Zhou also confirmed that the exchange is “back to 100%” full backing on client assets.
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In total, the exchange restored its reserves through a combination of loans, asset purchases and large holder deposits.
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In its announcement earlier this month, HK Asia said its board had seen the “increasing popularity of cryptocurrencies in the commercial world” as part of the reason for its initial BTC purchase.
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The Elon Musk-led agency championing more governmental efficiency is set to be hit by a lawsuit just minutes after US President-elect Donald Trump takes office.
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Trump appointed billionaire Musk in November to head the Department of Government Efficiency (DOGE), an agency aimed at cutting government spending and streamlining regulations.
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However, public interest law firm National Security Counselors is preparing to sue the new agency, citing the alleged violation of federal transparency laws, according to the Washington Post.
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Revenue is expected to increase by 15% to 20% compared to 2023.
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Boyaa held 3,183 BTC as of late November, currently worth $306 million, making it the eleventh-largest corporate holder of the asset and the largest in Asia ahead of Japan’s Metaplanet, which holds 1,762 BTC.
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In 2024, the total value locked on Solana surged from around $1.5 billion in January to nearly $8.5 billion by December, according to data from DefiLlama.
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Hughes added that while the incoming Trump administration is encouraging innovation and experimentation, he does not believe the incoming administration is going to do away with all crypto regulations.
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“The same law enforcement and national security concerns that existed in the last administration are going to be present in the Trump administration,” the Consensys attorney said.
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https://warpcast.com/amelia569082/0xd541bf6e
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In January, banking giant Standard Chartered announced plans to establish a new Luxembourg entity offering crypto and digital asset custody services.
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Standard Chartered Bank Hong Kong, Animoca Brands and Hong Kong Telecommunications (HKT) have partnered to issue a Hong Kong dollar-backed stablecoin under a new joint venture.
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“The ECB’s joint approach with national central banks around a central bank digital currency will facilitate exploration of the most suitable solutions and truly enrich the EU’s capital markets ecosystem,” he said.
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He also highlighted the need for technological developments around “cash on ledger” or “programmable payments” systems to ensure seamless interconnection between the EU’s permanent CBDC and existing payment systems and services.
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Leithner said that a CBDC would improve efficiency in financial transactions and strengthen the EU’s economic autonomy.
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