Key facts
- Veda is making its DeFi vault infrastructure available to developers on Privy's wallet API network.
- Privy's network supports over 120 million accounts and 2,000 developer teams.
- Strive acquired 2,500 Bitcoin for $185.2 million.
- Strive's total Bitcoin holdings now amount to 19,000 BTC.
- Strive plans to increase at-the-market fundraising by $4.2 billion.
- USDT0 deposits and withdrawals are live on the Tempo Layer 1 blockchain.
- Tempo Layer 1 blockchain is designed for stablecoin payments and offers sub-second transaction speeds.
- The Bitchat app has surpassed 3 million downloads.
- Bitchat is built on the Nostr protocol and operates without external funding.
- ZachXBT reported that EdgeX exchange allegedly admitted to controlling nearly its entire token supply.
- A tweet highlights a victory for compliant Web3 technology involving Caitlin Long and AmerBanker.
Veda has announced the integration of its decentralized finance (DeFi) vault infrastructure with Privy's wallet API network. This collaboration enables developer teams to more rapidly deploy on-chain yield products within their fintech applications. Privy's network currently supports over 120 million accounts and is utilized by approximately 2,000 developer teams.
In the realm of digital asset investment, Strive has acquired an additional 2,500 Bitcoin for an estimated $185.2 million. This latest purchase brings Strive's total Bitcoin holdings to 19,000 BTC. The company also intends to expand its at-the-market fundraising initiatives by $4.2 billion, a move designed to facilitate further Bitcoin acquisitions.
The Bitchat application, a free messaging service developed on the Nostr protocol without external financial backing, has achieved a significant milestone, surpassing 3 million downloads. This growth indicates an increasing trend in the adoption of decentralized applications.
Furthermore, USDT0 deposits and withdrawals are now operational on Tempo, a Layer 1 blockchain specifically engineered for stablecoin transactions. This development is expected to enable transaction speeds of less than one second.
Separately, the crypto investigator ZachXBT has brought attention to allegations of insider control at the EdgeX exchange. A statement reportedly from the exchange suggests it admitted to controlling a substantial portion of its token supply while conducting an internal investigation that found no wrongdoing. This situation has prompted questions regarding transparency and fair market practices.