Market Updates
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Stripe’s Valuation Soars to $91.5B as AI-Driven Growth Continues
Payment giant Stripe has issued a tender offer to employees and shareholders, valuing the company at $91.5 billion. This amount represents a medium-range valuation of the firm compared to its peak of $95 billion that was reached in 2021. This growth is aligned with the large demand for its service. Stripe’s co-founder and President John Collison…
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Relm & Liva to provide insurance for AI and Web3 firms
Liva Group, a leading insurance provider in the GCC announced a new strategic partnership with Relm Insurance, the sole insurer dedicated to emerging industries, to provide tailored insurance policies to businesses which operate within high growth industries for digital assets, artificial intelligence (AI) and biotech. The partnership aims to address a significant gap existing within…
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Everstake Unveils Wallet SDK to Simplify Crypto Staking
Blockchain adoption is increasing; however complex technology remains a challenge. Everstake a global leader in staking and blockchain technology solutions, is addressing this issue with the launch of the Wallet SDK, an open-source toolkit that is designed to make the integration of staking available for developers even if they have no prior experience in the…
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Moca Network Creating AIR Kit to Solve Web3 Identity Fragmentation Issues
Moca Network, a project under Animoca Brands, is developing a digital identity system that aims to solve the issues of fragmentation of user identities across Web 3. The project seeks to give users control over their data while also facilitating seamless interoperability between different platforms. The Challenge of Web3 Identity Fragmentation Digital identity in Web3…
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Raydium’s RAY Token plumets 31% after Pump.fun’s Alleged Amm Testing
The native token of Raydium, RAY has suffered a sharp 31% drop, reaching its lowest price since October 2024. The price drop has occurred as speculation is growing that Pump fun, a major Solana-based meme coin-centric launchpad, is testing out its own Automated Market Maker (AMM), They plan to divert liquidity away from Raydium, which…
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Solana Crashes Hard! Has the Memecoin Hype Finally Died?
Solana (SOL) has suffered a major price decline, with its value decreasing as concerns over network congestion, fraud and security breaches have started to emerge. The previous reputation of the blockchain which was a benefit for high-speed distributed applications, has tired due to the influx of fraudulent website activities, which most recently have led to…
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Rejuve.AI to Airdrop 50 Million RJV Tokens on March 3
Rejuve.AI has revealed a major airdrop of 50 million RJV tokens, set to begin on 3rd March 2025, as part of SingularityNET’s Phase II program, actively to reward AGIX token holders for their participation in the ecosystem before the relevant snapshot date. To qualify for an airdrop, participants must have held SingularityNET’s AGIX tokens before…
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Stablecoin Bank Infini Suffers $49.5 Million Hack Days After Bybit Attack
Stablecoin bank Infini has fallen victim to a major security breach, losing $49.5 million worth of crypto, linked to insider access that occurred a few days after Bybit suffered a $1.46 billion hack, followed by a mass withdrawal of $6.7 billion. Insider Exploit of Infini Drains Funds Blockchain security firm Beosin Alert confirmed that an…
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Circle Mints Another 250M USDC—Total Hits $8B in 2025
Circle has minted an additional 250 million USDC on Solana, it will in turn increase its current total issuance of 2025 by a staggering sum of 8 billion USDC as demand for regulated stablecoins continues to rise. On-chain analytics firm Spot On Chain announced the latest mint in a February 24 tweet post, revealing to…
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JPMorgan Warns: Crypto Demand Crashing—Can Trump Save BTC?
According to a JPMorgan report released Wednesday, the cryptocurrency market is experiencing weak demand, with institutional investors withdrawing from Bitcoin (BTC) and Ethereum (ETH) futures. Analysts noted that Bitcoin and Ethereum futures are selling for less than their current prices, a sign that investors are not confident about short-term growth. JPMorgan’s team explained that when…