Cryptocurrency News & Live Updates
Synopsis
Sei’s price surged over 13% after Wyoming’s Stable Token Commission selected it as a candidate blockchain for the upcoming WYST stablecoin.
Sei Network’s recent selection by Wyoming’s Stable Token Commission as a candidate blockchain for the WYST stablecoin has propelled its price by over 13%, reaching an intraday high of $0.19. Meanwhile, Ethereum is witnessing a rise in strategic reserves, now exceeding 1% of its total supply, with major institutional players like the Ethereum Foundation leading the way. This growing interest in Ethereum is evident as corporations, including Michigan’s state pension plan, allocate significant funds towards it. In contrast, Hedera Hashgraph’s HBAR is facing challenges, with a notable 82% drop in stablecoin supply, leading to a bearish outlook. On a positive note, Momentum’s partnership with Wormhole and OKX aims to enhance liquidity on the Sui network, potentially unlocking billions in cross-chain assets. These developments highlight the dynamic nature of the cryptocurrency landscape, where institutional adoption, market fluctuations, and innovative partnerships are shaping the future of digital assets.
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Wyoming Chooses Sei Network for WYST Stablecoin
Sei’s price surged over 13% after Wyoming’s Stable Token Commission selected it as a candidate blockchain for the upcoming WYST stablecoin.
Ethereum Reserves Reach 1% Amid Corporate Growth
Institutional Ethereum reserves have surpassed 1% of total supply, led by major holders like the Ethereum Foundation and SharpLink, as corporate interest in ETH rises.
OpenAI Cuts Ties with Scale AI After Meta Deal
OpenAI is reducing its contracts with Scale AI following Meta’s acquisition of the data labeling startup, which will now focus on more specialized data sources for its AI models.
HBAR Faces Decline as Key Metric Plummets
Hedera Hashgraph’s HBAR token has dropped to $0.1450, marking a significant decline amid an 82% fall in stablecoin supply on the network, despite the launch of AUDD, the first Australian dollar stablecoin.
Momentum, Wormhole & OKX Enhance Sui Network Liquidity
Momentum partners with Wormhole and OKX Wallet to enhance cross-chain liquidity on the Sui network, enabling seamless asset transfers and attracting billions in liquidity.
Visa Partners with Yellow Card to Boost Stablecoin Use in Africa
Visa is collaborating with Yellow Card Financial to implement stablecoin settlements in 20 African markets, starting with a pilot program, aiming to enhance transaction speed and reduce costs amid local currency volatility.