StraitsX will expand its Singapore dollar and US dollar stablecoins to Solana by early 2026, targeting payments, DeFi and AI use cases. Singapore-based StraitsX plans to bring its Singapore dollar-backed XSGD and US dollar-backed XUSD to the Solana blockchain by early 2026. The rollout, announced in collaboration with the Solana Foundation, will allow users to settle transactions in Singapore dollar- and US dollar-backed stablecoins using Solana’s high-speed, low-cost infrastructure, the issuer said in a Tuesday blog post. “Launching XSGD and XUSD together on Solana will be game-changing. It unites CEX support, AMM liquidity, lending pools, and everyday payments on a single high-performance chain,” said Tianwei Liu, co-founder and CEO of StraitsX. Read more
The amount of Bitcoin in long-term holder wallets hit cyclical lows, but is it enough to help the bulls avoid a decline toward $68,000? Bitcoin (BTC) long-term holders continued to reduce their BTC exposure as their holdings fell to the lowest levels since April. Key takeaways: Bitcoin long-term holders reduced their supply to 72%, the lowest since April Read more
Gemini says its prediction markets are now live nationwide via affiliate Gemini Titan after it secured a CFTC Designated Contract Market license Gemini, the cryptocurrency exchange founded by billionaire twins Tyler and Cameron Winklevoss, has rolled out prediction markets in the United States after securing key regulatory approval. Gemini launched its in-house prediction market, Gemini Predictions, across all 50 US states, the exchange announced in an X post on Monday. Provided via affiliate Gemini Titan, Gemini Predictions enables users to trade on the outcomes of real-world events with “near instant execution” and full transparency. Read more
The crypto market corrected as a shake-up in the Trump administration’s Fed chair pick spooked traders, and growing US macroeconomic challenges led investors to risk-off. Key takeaways: Leverage surges in the crypto market, with $527M in liquidations in 24 hours, signaling growing caution among traders. Tighter liquidity and rising AI debt risks push traders to exit riskier assets, contributing to a market correction. Read more