The plans for the new perpetual DEX come two months after a VanEck report highlighted Hyperliquid’s growth on the expense of Solana and other large chains. Solana Labs co-founder and CEO Anatoly Yakovenko is the latest crypto founder to announce plans for a decentralized exchange (DEX), following the success of Hyperliquid and Astar. On Monday, Yakovenko uploaded plans outlining a new sharded perpetual exchange protocol on the Solana blockchain, dubbed Percolator. A perpetual exchange is a decentralized trading protocol for perpetual futures contracts, which allows traders to speculate on cryptocurrency prices without an expiration date. Read more
Bolivian President-elect Rodrigo Paz plans to use blockchain for public procurement and include crypto in asset declarations for a new fund. Bolivian President-elect Rodrigo Paz plans to tackle corruption in his country’s government using blockchain technology. The Associated Press reported Monday that Paz defeated rival Jorge Quiroga 54.5% to 45.5% and is set to take office on Nov. 8. Paz won Sunday’s runoff on a centrist, pro-market message and inherits an economy strained by fuel shortages and a US dollar squeeze, according to the AP. For crypto observers, Paz’s government plan includes two concrete proposals related to digital assets and blockchain. The first is a plan to use blockchain and smart contracts in public procurement. The Partido Demócrata Cristiano’s official 2025 government platform program pledges the application of blockchain technologies and the use of smart contracts to remove discretion from state purchasing. The proposal aims to tackle corruption in state purchasing by automating some c...
After its latest modest purchase, Michael Saylor’s Strategy has 59,582 BTC to go before hitting 700,000 BTC on its balance sheet. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its BTC stash last week amid another market sell-off following the Black Friday crypto crash. Strategy acquired 168 Bitcoin (BTC) for $18.8 million last week, according to data published by Strategy on X on Monday. The latest Bitcoin acquisition was made at an average price of $112,051, though Bitcoin slipped below $104,000 on Friday amid the shockwaves of the market crash on Oct. 10, according to Coinbase data. Read more