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Ethena to launch new stablecoin backed by BlackRock’s BUIDL

Ethena’s synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.

Ethena Labs, developer of the decentralized stablecoin protocol Ethena, is working on a new stablecoin backed by a tokenized fund from BlackRock.

Ethena Labs took to X on Sept. 26 to announce its new stablecoin project, UStb (USTB), which will be built in partnership with major Bitcoin investor (BTC) BlackRock and the digital securities platform Securitize.

The stablecoin will be backed by BlackRock’s tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which offers a stable value of $1 per token.

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Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Bitget Reports 1,600% Surge in African Users

Bitget Reports 1,600% Surge in African UsersBitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in the region. Bitget Wallet has become a top-ranked app in Nigeria, surpassing popular platforms like Tiktok and Whatsapp. Copy […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Crypto Exchange BitGet Says Userbase Has Now Exceeded 45 Million After Six Years in Business

Crypto Exchange BitGet Says Userbase Has Now Exceeded 45 Million After Six Years in Business

Crypto exchange BitGet now has more than 45 million registered users worldwide as the platform’s global user count has surged by 400% since 2023. BitGet CEO Gracy Chen revealed the numbers as the platform marks its sixth year in business. This year alone, the exchange’s growth rate in Africa is up by 1,614%. BitGet’s userbase […]

The post Crypto Exchange BitGet Says Userbase Has Now Exceeded 45 Million After Six Years in Business appeared first on The Daily Hodl.

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Crypto Exchange Bitget Secures Multi-Million Dollar Partnership With La Liga

Crypto Exchange Bitget Secures Multi-Million Dollar Partnership With La LigaBitget, a leading cryptocurrency exchange, has announced a multi-million dollar partnership with La Liga, the popular Spanish football league. This deal establishes Bitget as the official crypto partner for La Liga across Eastern Asia, Southeast Asia, and Latin America. Bitget and La Liga Join Forces The collaboration was revealed at the Token2049 event in Singapore […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Bitget and Foresight Ventures invest $30M in TON blockchain

With the new investment, Bitget and Foresight expect to increase their involvement in the TON’s governance and future development plans.

Telegram-linked blockchain platform, The Open Network (TON), has received another financial boost from Bitget and Foresight Ventures.

Bitget officially announced on Sept. 18 a $30 million strategic investment in the TON blockchain in a move to scale the development of TON applications on Telegram.

The company emphasized that the investment specifically targets major play-to-earn (P2E) games on Telegram, such as Hamster Kombat and Notcoin.

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Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Bitget Launches Direct Deposit Option for Mexican Pesos

Bitget Launches Direct Deposit Option for Mexican PesosCryptocurrency exchange Bitget has announced a strategic partnership with Swapple to facilitate crypto payments in Mexican Pesos (MXN) via the Interbank Electronic Payment System (SPEI). Operated by Banco de México, SPEI allows for near-instantaneous electronic funds transfers between bank accounts in Mexican pesos, providing a secure and efficient way to move money. This integration aims […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Bitget and Nansen Study Highlights Community Impact on Token Price Predictions

Bitget and Nansen Study Highlights Community Impact on Token Price PredictionsBitget and Nansen Research teams have released a comprehensive report detailing the significant role community engagement plays in predicting token prices. The collaborative study underscores the importance of combining onchain and off-chain metrics for accurate price forecasting. Bitget and Nansen Highlight Community’s Role in Token Price Forecasting Researchers from the crypto exchange Bitget, and Nansen, […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

2024 Crypto Losses Attributable to Deepfakes Projected to Exceed $25 Billion

2024 Crypto Losses Attributable to Deepfakes Projected to Exceed  BillionLosses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to curb this type of fraud. Educating users and implementing comprehensive legal and cybersecurity frameworks globally are […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Layerzero’s ZRO Token Listed on Major Exchanges, Boosting Cross-Chain Communication Potential

Layerzero’s ZRO Token Listed on Major Exchanges, Boosting Cross-Chain Communication PotentialLayerzero’s native token, ZRO, has been listed on several major cryptocurrency exchanges, marking a significant milestone for the cross-chain communication protocol. Binance, Upbit, Okx, Bybit, Gate.io, Bitget, Kucoin, MEXC, and Woo X have all added ZRO to their platforms, offering various trading pairs. Layerzero distinguishes itself with its innovative approach to cross-chain communication, facilitating the […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Meet the women behind the world’s largest crypto exchanges

Both former television hosts, Binance’s Yi He and Bitget’s Gracy Chen, currently lead the world’s largest crypto exchanges by volume.

It's a little-known fact that women are behind two of the world's largest cryptocurrency exchanges. 

In a blog post published on May 21, Gracy Chen, formerly the managing director of crypto exchange Bitget, who now serves as the firm’s CEO, detailed her journey in leading an exchange that currently facilitates $4 billion in trading volume: 

Chen described how at 18, she received a scholarship to study Applied Mathematics in Singapore and became a television host for a Chinese finance and technology program upon graduation, where she learned about Bitcoin (BTC), back then at $300, from her interviewees in 2015:

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Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage