Track market-moving stories before they get noisy

Hamster Kombat’s Player Base Plummets 85% After 3 Months

Telegram tap-to-earn combat game MemeFi has delayed its airdrop date yet again, pushing back its final snapshot of player activity as the team prepares for the Sui token launch.

In a Telegram community post, the game’s team blamed remaining work to be completed for the token listing on the “developer and legal side.” This is the second formal delay for the token launch, which was originally dated for October 9 and later moved to November 12.

MemeFi is a tap-to-earn game that sees players fight against meme-inspired enemies by tapping the screen, earning coins in the process. As with most games in this genre, all in-game progress goes towards earning players a larger share of the project’s future token airdrop.

Late Tuesday, the Telegram game announced that its token would be listed on OKX on November 22, followed by an airdrop to eligible players. With this revised airdrop date, MemeFi has also pushed the final snapshot back to November 15, so players have more time to play the game and attempt to earn more tokens.

“The 10-day shift in the timeline is there as we're still preparing for the listings on the dev and legal side,” the announcement said. It also promised that this will be the “final listing timeline.”

Originally intended to launch on October 9, the token launch was delayed amid apparent behind-the-scenes movements. Then on October 25, MemeFi announced that it would be launching on layer-1 network Sui rather than the originally planned Ethereum layer-2 scaling network Linea, with the launch shifted to November 12

For now, the only exchange confirmed to list the token is OKX. More details regarding the listing and other exchanges are expected to be announced in the coming days.

Exchange OKX opened pre-market trading for MEMEFI on October 25. At the time of writing, MEMEFI is being traded for $0.007493 on the platform. Pre-market trading allows users to speculate on the eventual price of a token before it has launched—and very often it is wrong.

MemeFi is one of many Telegram gaming projects to release a token this year. Notcoin, the game that kickstarted the tap-to-earn craze, saw the most success with its token on The Open Network (TON) peaking at a market cap of $2.97 billion.

Hamster Kombat’s token launch was not as successful, however, despite its significantly larger player base. Peaking at a market cap of $646.3 million, the token swiftly crashed as user interest started to wane.

Tap-to-earn games often look to reinvent their gameplay loop to keep players interested, but we’re yet to see a project nail the transition. Notcoin, for example, has partnered with other projects such as Flappy Bird, but has yet to recreate the original buzz around its model.

Jack Booth, the co-founder of TON Society—the organization focused on TON community operations—recently told Decrypt that tap-to-earn should be seen as a launch strategy rather than a genre itself. Projects that are garnering hundreds of millions of players should use that as a platform to release a product, he believes—not simply continue the repetitive tapping loop.

Edited by Andrew Hayward

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BlockDAG’s TG Tap Miner Gains Over 71,000 Active Users—AAVE Targets $220 & ARB Encounters Varied Market Views

In the current crypto market, Aave (AAVE), Arbitrum (ARB), and BlockDAG are making impressive headway. Aave is on the brink of a potential surge to $220, while Arbitrum faces uncertain market sentiment despite a rise in DeFi activity.

Amidst these developments, BlockDAG (BDAG) grabs the spotlight, with its TG Tap Miner enchanting over 71,000 active users and stoking demand for BDAG coins.

BlockDAG’s presale has been a whirlwind, securing over $115 million and quickly establishing itself as a titan in the crypto arena, filled with prospects for enthusiasts and participants alike.

Will AAVE Price Hit $220? Aave (AAVE) is primed for a significant uptick, with predictions suggesting a climb to $220 inspired by a bullish pennant pattern—a harbinger of potential breakouts. AAVE is performing well, maintaining positions above both the 100-day and 200-day EMAs, reinforcing an optimistic projection.

Despite a recent fallback to $142.31 under bearish influences, AAVE maintains a strong baseline trend with crucial resistance at $170. Breaking past this threshold could set AAVE on a course for $200, potentially reaching up to $220 as buying fervor mounts, positioning AAVE for a notable ascent.

ARB’s Mixed Messages Amidst a Vibrant DeFi Scene Arbitrum (ARB) exhibits mixed signals, with the market leaning towards a downturn despite bullish DeFi indicators. The adverse long/short ratio contrasts sharply with Arbitrum’s Total Value Locked (TVL), which has soared to a one-month high of $2.45 billion.

Although ARB’s price dropped by 11% last month, it rebounded sharply from $0.49 to $0.56 and is currently trading at $0.551. As ARB’s TVL increases and trading volumes grow across exchanges, burgeoning interest in its DeFi projects may support a recovery. If ARB can overcome the $0.57 resistance, it might pave the way toward $0.62.

BlockDAG’s TG Tap Miner Explodes to Over 71,000 Active Users BlockDAG is leading again in the crypto market, drawing widespread attention with the smashing success of its TG Tap Miner. Now celebrating more than 71,000 active users, BlockDAG has clearly positioned itself as a leading force in the crypto arena, offering enticing rewards and significant growth potential.

Users rack up Tap Points in this interactive platform, which they can exchange for BDAG coins, plus a bonus of 4,000 Tap Points for each referral they make. Thanks to its compelling rewards and community-centric mining approach, BlockDAG is seeing a surge in demand, quickly surpassing other projects like Aave and Arbitrum.

The project’s presale has been nothing short of stellar, pulling in over $115 million and distributing over 15 billion coins, showcasing deep market trust in BlockDAG’s potential. At present, in its 25th batch, BDAG coins are valued at $0.022, offering early participants an astounding 2100% ROI from the first batch.

As Mainnet development nears completion, BlockDAG continues to draw a loyal crowd, ready to engage with the next major crypto wave. With its dynamic growth and lucrative features like the TG Tap Miner, BlockDAG is proving to be a prime choice for crypto enthusiasts.

As Aave and Arbitrum advance, BlockDAG remains at the forefront with its modern technology and engaging reward system, solidifying its status as the go-to project as market demand escalates.

Final Analysis for Top Crypto to Pick in 2024 This week in crypto, Aave, Arbitrum, and BlockDAG each offer unique prospects and hurdles. Aave is on the brink of a breakthrough, potentially reaching $220, while Arbitrum faces uncertain market reactions despite a DeFi upswing.

Yet, BlockDAG steals the spotlight with a presale that has rocketed to $115 million and interactive, game-based incentives. The TG Tap Miner alone has rallied over 71,000 active users, demonstrating the project’s dedication to enriching its community through interactive rewards. For anyone keen on the cutting edge of crypto mining, missing out on BlockDAG is not an option

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Latest Crypto News: BlockDAG Leads with Biggest Presale of $117M, Solana Value Surges & Polkadot 2.0 Upgrade Ahead

Will gaming token ‘enthusiasm’ return this crypto bull run? Web3 Gamer

Tap and Pay crypto coming to Coinbase Wallet, L2 interoperability in months

Coin PricesBTC hits $93K, FBI raids Polymarket CEO, PEPE hits $10B

BTC hits $93k ATH, driven by strong US demand. BTC market cap $1.6T, 7th biggest global asset. BTC spot buying outpaces futures despite OI ATH. FBI raids Polymarket CEO’s home. BTC miner outflows surge to $2.2bn. BTC can run to $500k: Bitwise. $180k BTC price target this cycle: VanEck. US BTC reserve still unlikely to pass: Galaxy CEO. Blackrock expands BUIDL to 5 new blockchains. Blackrock ETF assets increase $3bn in 5 days. ETH introduces new capability for smart contracts. Pro-crypto Thune becomes senate majority leader. Moonpay introduces zero-fee fiat onboarding. Coinbase becomes no.1 finance app. Tap-to-pay coming to Coinbase wallet. Cardano Foundation BTC holdings $100mn. Tesla BTC holdings exceed $1bn. China will relax crypto policy in 2 years: Hashkey. Linea reveals plan to launch token in 2025. Crypto influencer Mirshahi found dead.

Interviews

Nov 14, 2024

Interviews

Candid chats and deep dives with the biggest names in crypto.

The expected launch of REX-Osprey XTP ETF today and the anticipated approval of other XRP ETFs next month have boosted investors’ sentiment. However, XRP whales are betting against the ETF hype and continue to liquidate their holdings, on-chain data confirms.

Whales Offload 40 Million XRP: Santiment Big whales holding 10 million to 100 million XPP sold 40 million coins over the last 24 hours, according to Santiment data on September 12. Whales continue to liquidate their holdings worth millions in the last few weeks, maintaining their negative sentiment.

Whales XRP Coin Transactions. Source: Santiment The uncertainty surrounding spot XRP ETF approval by the U.S. SEC and muted trading volume have also delayed the much-needed XRP price rally. The SEC recently delayed the Franklin Templeton XRP ETF, one of the several ETFs in line for approval.

Moreover, Whale Order and Large Trades data on the K-line chart indicated massive sell orders above the 3.05 level in every spot and perpetual pairs at Binance, Coinbase, and OKX.

Also, whales have opened short positions between $3.3 and $3.6, which will make it difficult for bulls to continue upside despite the REX-Osprey XRP ETF launch today. The ETF may not witness enough demand from institutional investors, similar to REX-Osprey Solana + Staking ETF (SSK), which has recorded $205 million in total inflows since its launch last month.

Whale Order and Large Trades On-Chain Data Reveals Whale Flow Remains Negative Whale flows are still extremely negative as XRP faced renewed distribution pressure, similar to earlier this year. The ATH price top coincided with sustained whale distribution and a subsequent correction.

CryptoQuant’s XRP Whale Flow 30-DMA data signals extreme selling amid negative sentiment among XRP whales persists. This comes after more than 99% long-term holders were in profit, which triggered massive selloffs and caused XRP price to fall to $2.70 amid seasonality and market peak concerns.

Whale Flow 30DMA Source: CryptoQuant XRP price jumped more than 1% in the last 24 hours, with the price exchanging hands at $3.05. The intraday low and high were $2.98 and $3.07, respectively. Trading volume climbed over 40% in the last 24 hours.

Moreover, Coinglass data revealed total XRP futures open interest dropped in the last 4 hours, after climbing almost 4% to $8.65 billion in 24 hours. CME, Binance, OKX, and other exchanges recorded selloff by derivatives traders.

March 19, 2024 – Zug, Switzerland

Streamr has announced the launch of the Streamr Network 1.0 mainnet, a landmark milestone that signifies the completion of the original 2017 roadmap. Streamr 1.0 introduces the full deployment of the DATA token incentive layer, transforming the network into a feature-complete, fully decentralized protocol run and operated by its users.

The culmination of over six years of research and development, three rounds of incentivized testnets and overcoming a technical hurdle that caused a last-minute launch abort, Streamr 1.0 means decentralized data broadcasting has arrived.

Key features of Streamr 1.0 Fully deployed tokenomics – The activation of the DATA token incentive layer means the Streamr Network can operate autonomously from the team as a neutral, fully decentralized messaging protocol. Introduction of new network roles – The peer-to-peer market forces between sponsors, operators and delegators are unlocked. Stream sponsorships – Sponsors create and fund stream sponsorships, and staked operators earn from them. These smart contracts manage the reward distribution among operators, who run nodes and help to relay the data inside it. Trackerless network architecture – The transition to a trackerless architecture, leveraging a globally DHT (distributed hash table) for enhanced efficiency and scalability. New benefits to node operators – With Streamr 1.0, it’s now possible to accept delegations and take a cut from the earnings, therefore allowing node operators the chance to earn more. Streamr 1.0 also brings other enhancements for node operators, including the removal of node limits per IP, immediate reward claiming from active sponsorships and other quality of life improvements. New use cases unlocked Streamr 1.0 sets the stage for exploring new use cases in areas such as DePIN (decentralized physical infrastructure networks), decentralized AI and decentralized video streaming.

Decentralized video streaming Streamr is exploring decentralized live video streaming, testing its capacity to deliver scalable and stable video feeds to viewers at scale.

By leveraging the network’s peer-to-peer protocol, Streamr can eliminate the reliance on centralized distribution points, allowing viewers to directly contribute to the broadcasting network as they consume the content, optimizing efficiency and scalability.

DePIN Streamr 1.0 enhances the capacity for DePINs to transition from centralized data pipelines to a fully decentralized array of contributors.

The network’s serverless, secure and scalable framework is ideal for broadcasting data from and between connected devices, moving DePINs toward a truly distributed architecture.

Decentralized AI The Streamr 1.0 milestone has the potential to transform AI by positioning Streamr as a neutral data layer, offering secure data streams for AI development, reliability and transparency.

With Streamr, AI models can interconnect, share insights, plug into real-time tuning data, live content distribution and collectively enhance their intelligence.

Integrating with a decentralized framework can provide a step toward ensuring AI operations are more open, verifiable and up-to-date.

These changes, alongside the exploration of new use cases, underscore Streamr’s commitment to pushing the boundaries of what’s possible in the realm of decentralized technologies.

About Streamr Streamr is building the real-time data protocol of the decentralized web.

This includes a scalable, low-latency and secure P2P network for data broadcasting, delivery and exchange.

As part of the vision, Streamr has built ‘The Hub’ – a DApp that champions open data to help DePin, AI and Web 3.0 builders decentralize their tech stack with real-time data flows.

The Streamr project was started by real-time data veterans with backgrounds in algorithmic trading and finance markets.

Contact Mark Little, CEO of Streamr Network

 

Table of contents

ATOR Protocol, the crypto project that advances The Onion Router’s functionality via on-chain incentives, has announced a new collaboration. The company stated that it is going to collaborate with Streamr (a decentralized platform for data broadcasting) for the advancement of infrastructure.

Announcing a key infrastructure partnership with @Streamr

The Streamr Network is a data transfer #DePIN specialized in broadcasting streams of data to multiple subscribers. It is an excellent complement to ATOR's privacy network, with potential for

🔹Support for UDP based… pic.twitter.com/CiXQ6qWZWQ

— ANyONe Protocol (@AnyoneFDN) April 18, 2024 ATOR Protocol Starts a Crucial Collaboration with Streamr Network To reveal this development, the company took to the social media platform X. In a recent post, it disclosed that the Streamr operates as a data transaction DePIN. DePIN projects are based on blockchain technology and drive real-world hardware infrastructure. However, they conduct the respective operations in a decentralized manner. In addition to this, DePINs frequently utilize token reward mechanisms.

The purpose of the respective incentives is usually to assist develop their networks. In the case of Streamr, the DePIN effectively broadcasts data streams. In this way, the DePIN delivers the data to numerous subscribers. The project can potentially play the role of a remarkable complement to the privacy network of ATOR. Additionally, it has several potentials that can provide benefits to ATOR in general.

The Partnership Enhances Decentralization and Privacy These features include support for the applications from Streamr’s services and technology based on UDP. Apart from that, ATOR Protocol has also a plan to leverage the Operator Node discovery forum of Streamr. This makes the platform ready for the decentralization of the directory authorities. The respective feature of decentralization is quite attractive and may contribute to the further adoption of the platform.

Along with that, the partnership also offers a significant advantage when it comes to privacy. The collaboration enables the platform to improve its privacy along with some other related options. They take into account the privacy-as-a-service option to facilitate Streamr consumers. ATOR Protocol expressed its enthusiasm for operating with prominent builders to widen the utilization of its network for more decentralization.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Zug, Switzerland, December 3rd, 2024, Chainwire

Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from the comfort of their homes.

Terminal Multi-Miner: a new gateway to home-based mining

The Terminal Multi-Miner from JDI supports multiple cryptocurrencies, including $DATA, $ANYONE, and other projects that are added through future updates. Its modular “mining lego” framework allows users to customize their setups for efficiency and flexibility, creating a straightforward way to engage with DePIN.

Terminal T2: A powerful multi-miner designed for seamless multi-token mining, supporting $DATA and other tokens.

The Terminal T2 model, scheduled for launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network. With Terminal T2, users can receive $DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.

New accessibility in DePIN 

The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible. Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.

“We have been fans of Streamr tech for some time, especially their severless capability—and we are excited to explore how we will leverage this against multiple data propagation use cases across the Terminal Multi-Miner Network” said Yiming Wang, Founder of JDI. “Together, Terminal and Streamr will deliver a unique, user-centric mining experience for Web3.”

Engaging with the Streamr Network and mining $DATA

The $DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner. As one of the mining options available, $DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.

“Our collaboration with JDI and Terminal represents an important step forward for DePIN and decentralized data networks,” said Matthew Fontana, CEO of Streamr. “By providing a simple, accessible way to participate in Streamr and other Web3 protocols, we’re helping to make DePIN more decentralized and scalable, critical for ensuring its long-term success.”

A partnership built on expertise

JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017, complements this expertise with its scalable P2P infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima.

The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.

About Streamr

Streamr is building the real-time data protocol for the decentralized web. Its scalable, low-latency and secure P2P Network enables data broadcasting and monetization at scale. By powering applications for DePIN projects and beyond, Streamr aims to decentralize data pipelines and create new opportunities for data-driven innovation. To learn more, users can visit streamr.network.

About JDI Global Group Limited

Founded in 2016, JDI is a manufacturing and venture capital leader specializing in decentralized physical infrastructure networks. With investments in projects like Grass, Ator, and Geodnet, and hardware for networks like DIMO and Helium, JDI is shaping the future of Web3 and decentralized wireless networks. To learn more, users can visit jdiglobal.xyz.

Contacts Chief Commercial Officer
Mark Little
Streamr
[email protected]
VP of Partnership
Andre Zhang
JDI
[email protected]

Streamr and JDI Announce Strategic Partnership with Terminal Multi-Miner for Home Mining

[PRESS RELEASE – Zug, Switzerland, December 3rd, 2024]

Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from the comfort of their homes.

Terminal Multi-Miner: a new gateway to home-based mining

The Terminal Multi-Miner from JDI supports multiple cryptocurrencies, including $DATA, $ANYONE, and other projects that are added through future updates. Its modular “mining lego” framework allows users to customize their setups for efficiency and flexibility, creating a straightforward way to engage with DePIN.

Terminal T2: A powerful multi-miner designed for seamless multi-token mining, supporting $DATA and other tokens.

The Terminal T2 model, scheduled for launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network. With Terminal T2, users can receive $DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.

New accessibility in DePIN 

The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible. Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.

“We have been fans of Streamr tech for some time, especially their severless capability—and we are excited to explore how we will leverage this against multiple data propagation use cases across the Terminal Multi-Miner Network” said Yiming Wang, Founder of JDI. “Together, Terminal and Streamr will deliver a unique, user-centric mining experience for Web3.”

Engaging with the Streamr Network and mining $DATA

The $DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner. As one of the mining options available, $DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.

“Our collaboration with JDI and Terminal represents an important step forward for DePIN and decentralized data networks,” said Matthew Fontana, CEO of Streamr. “By providing a simple, accessible way to participate in Streamr and other Web3 protocols, we’re helping to make DePIN more decentralized and scalable, critical for ensuring its long-term success.”

A partnership built on expertise

JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017, complements this expertise with its scalable P2P infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima.

The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.

About Streamr

Streamr is building the real-time data protocol for the decentralized web. Its scalable, low-latency and secure P2P Network enables data broadcasting and monetization at scale. By powering applications for DePIN projects and beyond, Streamr aims to decentralize data pipelines and create new opportunities for data-driven innovation. To learn more, users can visit streamr.network.

About JDI Global Group Limited

Founded in 2016, JDI is a manufacturing and venture capital leader specializing in decentralized physical infrastructure networks. With investments in projects like Grass, Ator, and Geodnet, and hardware for networks like DIMO and Helium, JDI is shaping the future of Web3 and decentralized wireless networks. To learn more, users can visit jdiglobal.xyz.

Note: This report covers the period between July 1st and September 30. Approximations are made if a transaction spans multiple quarters. Values are USD unless specified otherwise.

Table of Contents

A Message from the Streamr Governance CouncilKey achievementsProject financialsGovernance checkpoint projectionsProject expensesLocked/staked supplyNode OperatorsDATA Ecosystem fundGovernance updatesGitHub ActivityRisks and ChallengesA Message from the Streamr Governance CouncilAs Q3 draws to a close, the Streamr project continues to strengthen its resolve on its new go-to-market strategy on the application layer, meaning a growth focus on StreamrTV and its future versions. Despite ongoing macroeconomic headwinds, we’ve kept a steady course by working on meaningful advancements to both our infrastructure and application layers.

As part of the strategic shift to focus Streamr’s efforts on the application layer, the project is transitioning its operational leadership to maximally support this new direction. The Project Council has nominated Mark Little to take over as the project’s lead executive and CEO. The change enables him to bring his commercial leadership, partnership experience, and entrepreneurial mindset to the forefront as we double down on go-to-market execution.

Alongside Mark, Petri Savolainen is nominated as the new CTO, leveraging his deep technical expertise as the long-time architect of both the Streamr Network and StreamrTV. The previous operative leads Matthew and Eric will be departing the project. As before, the co-founders Henri and Nikke will continue to work on the project on a daily basis, working hands-on closely with Mark and Petri, ensuring continuity and alignment with the project’s strategy and long-term vision.

Key achievementsDeveloped a notable increment of features for StreamrTV:Launched the first payment rails for StreamrTV. Anyone can sign up as a Merchant, enabling them to receive proceedings from tipping-like purchases called Super Balloons. Broadcasters can choose one or more Merchants (including themselves) to be available on their shows. This not only enables broadcasters to monetize their content, but also charitable use cases whereby funds are collected to a third party organization.Added a chat sidebar, which enables the audience to communicate with the broadcaster and each other. Messages attached to purchases become sticky in the chat, incentivizing payments through added visibility.Broadcasters can invoke public or private recording of the broadcasts. Additionally, a list of previous public recordings appears for viewers joining the broadcast link late or early, when there is no live broadcast. This improves the user experience and boosts the visibility of prior content. (Note: at the time of writing, the recording feature is being finalized and slated for an early Q4 release)Network scaling tests confirmed the protocol’s ability to perform reliably across thousands of nodes in 17 global regions. This was published as a two-part technical deep-dive: Part 1, Part 2The Autostaker tool was developed to automate staking decisions for Operators—lowering the barrier to participation, reducing manual rebalancing, and optimizing APY in a gas-efficient way.Project financialsApproximately 7.5M DATA tokens were minted and distributed to community Node Operators.$442,689 USD was raised from the sale of 27,301,618 minted DATA tokens at an average price of $0.0162 per token for project development and growth.824,234 DATA tokens generated in network protocol fees this quarter.https://polygonscan.com/address/0x63f74A64fd334122aB5D29760C6E72Fb4b752208 At the end of Q3 the project’s cash reserve was approximately $440,000 USD. This is down from $535,000* in Q2. In both Q2 and Q3, some cash was spent to minimize downward pressure on the DATA token during unfavourable market conditions.From the previous governance checkpoint (SIP-22), 30 million DATA tokens remain for project expenses before triggering the next governance checkpoint.* Note that the Q2 cash balance was originally incorrectly reported and subsequently corrected.

Governance checkpoint projectionsEach unlock from the project’s unminted token reserve is structured to conclude with a governance checkpoint, providing token holders with a regular opportunity to assess progress and align future funding decisions with project milestones. These checkpoints will trigger a vote (Streamr Improvement Proposal) to unlock the next batch of tokens for the core team to develop and market the Streamr project. Voting typically happens a few months before the current funding package completes.

By tracking our average monthly spend against the DATA token price, we estimate that the next funding package SIP will arrive in December 2025. This is moved slightly forward from the previous estimate of January 2026. Changes in the token price, team spending, and utilization of the project’s cash reserves can extend or contract the timeline.

Project expensesThe overall spending in Q3 was $499k, notably down from the Q2 figure of $626k. This is largely due to changes made in Q2 to increase the team’s cost efficiency. Summer holidays also contribute to some savings in Q3. Costs in the admin category display an uptick due to certain annual expenses which were due in September.

The restructuring of the operational leadership removes some redundancy from the project’s management team, which will further liberate funds for either decreasing the burn further or reallocating the budget towards growth and marketing efforts. While the project burn has managed to adjust its burn to prevailing market conditions and funding, cost-efficiency remains one of our strategic focus areas in order to minimize token supply inflation and improve project sustainability.

MonthAdminBusinessLeadershipLegalOverheadsTech7 / 202510,99142,03214,921020,764112,9148 / 20259,86731,21214,82306,15557,5439 / 202540,15136,36315,00908,37678,068Total61,010109,60644,753035,295248,525Spending category contents:

Admin: HR, accounting, bookkeeping, offices, utilities, financial services.

Business: Bizdev & marketing team salaries, ad and campaign expenses, events.

Leadership: Project leadership salaries.

Legal: Legal and compliance fees. 

Overheads: Insurance, mandatory pension payments, taxes.

Tech: Developer salaries, product UX/UI designers, software licenses and cloud services. 

Total project expenses in Q3/2025: $499,189 USD

Locked/staked supplyThe amount of locked tokens has grown slightly from 93M to 97M DATA representing a 4% increase in the amount of tokens locked in Stream Sponsorships from the start of the quarter to the end of the quarter. 

DATA tokens staked on stream Sponsorships. Source: https://dune.com/streamr/dashboard

Node OperatorsApproximately 7.5M DATA tokens have been issued (approved in SIP-14) to node operators this quarter through Streamr Sponsorships to help secure the streaming network. 

Issuance
eventIssuance
start dateIssuance duration (days)Issuance rate (DATA/day)Total
Issuance (DATA)192025-06-2633757582500000202025-07-2833757582500000212025-08-2933757582500000Active (staked) node operators were 181 at the start of the quarter, dropping to 175 by the end of the quarter – a 3% drop.

DATA Ecosystem fundThe Data Fund offers grants to projects and individuals to build with Streamr and contribute to its goals. Fund balance: 11,226,620 DATA.

No payments were made from the Data Fund during this reporting period.

Governance updatesThere were no proposals in this quarter. The next funding checkpoint proposal is expected in December 2025.

GitHub ActivityThe development focus at the moment is on StreamrTV, which involves some non-public code repositories. For visibility into the non-public work, we are adding this new section to these transparency reports to display the development activity surrounding private repositories. (Note that the decision whether to open source StreamrTV should be made by the community in due course).

The heaviest development activity is currently in the repositories streamrtv, which is a monorepo containing the various modules of the StreamrTV application, and streamrtv-recorder, which contains the cloud backend for producing recordings of broadcasts. There is also ongoing development in the public network repository, which contains the main code of the Streamr Network, such as the Streamr Node and Streamr SDK.

Risks and ChallengesAdoption

Following the MVP1 launch of StreamrTV at the end of Q2, in Q3 we focussed on bringing in our first users from both Web3 and Web2 communities. Product analytics are now providing early insights into how the platform is being used and who is using it, enabling data-driven improvements. Following the recent launch of MVP2, we will continue testing across these user cohorts over the coming quarter – to understand where meaningful traction is developing. This measured, analytical approach allows us to better assess the market opportunity before committing significant resources. By the end of Q4 we aim to make a decision with respect to the lead value proposition(s) for StreamrTV.

Technical challenges

There were no hard technical challenges faced during Q3. StreamrTV is a complex system that integrates with third parties such as Stripe for payment processing and Amazon AWS for cloud storage of videos. StreamrTV is also a consumer-facing web application that needs to work on various browsers on various hardware platforms. The main soft technical challenge faced during Q3 arose from managing this complexity, but we have been able to overcome this challenge by improving our software development processes.

We foresee that the main technical challenge to be faced during Q4 will be the implementation of many-to-many video streaming in the StreamrTV core. However, we are confident that this challenge should not prove too difficult to overcome as StreamrTV technology has been designed with many-to-many streaming in mind from the beginning, and the core team has past experience of implementing similar systems.

Security vulnerabilities or incidents

There have been no consequential security incidents. 

Legal or regulatory updates

There have been no consequential legal or regulatory incidences.

If you have any questions about this transparency report, feel free to ask in the governance channel on the Streamr Discord.

Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.

According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.

3 minutes ago

Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.

According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.

3 minutes ago

Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.

According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.

3 minutes ago

Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.

Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.

3 minutes ago

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

3 minutes ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

3 minutes ago

Binance Token Deposit Support Ending: What It Means for Users

Note: This report covers the period between October 1st and December 31st. Approximations are made if a transaction spans multiple quarters. Values are in USD unless specified otherwise.

Table of Contents

A Message from the Streamr Governance CouncilKey achievementsProject financialsGovernance checkpoint projectionsProject expensesLocked/staked supplyNode OperatorsToken DisclosuresDATA Ecosystem fundGovernance updatesGitHub ActivityRisks and ChallengesA Message from the Streamr Governance CouncilThe year 2025 has been monumentally important for the project. Not only has the project unlocked a new chapter by shifting its focus from protocol infrastructure (which is now incredibly mature!) to the application layer, the project has also identified a path to sustainability and a go-to-market strategy revolving around live video streaming. 

As part of the journey towards those goals, the project delivered an experimental application, StreamrTV, to test the technical concept as well as user interest in the wild. With learnings from that, the project has sharpened its product vision and is currently well on its way towards delivering privacy and security oriented, multi-broadcast (aka ‘many-to-many’) streaming in a new iteration of the video application, now to be known as just Streamr.

While the overall token markets have been deeply pessimistic throughout 2025, the project has so far been able to fund itself via the SIP-22 and SIP-24 token packages while simultaneously adjusting the burn rate and working towards unlocking revenue-based sustainability (i.e. moving away from token emissions), by the end of 2026 thanks to the mainstream video product.

Key achievementsQ4 saw us advancing the Streamr App towards a next-generation video conferencing solution for remote teams.Following internal evaluation and prototyping, the project aligned on video conferencing as the core use case for the Streamr App Beta.A working internal version was developed and tested during the period, providing the team with confidence in the technical feasibility and product direction.This represents the first successful implementation of ‘multi-broadcast’ live video streaming within the Streamr stack, marking a significant technical milestone and an important step forward for the project.Live video streaming integrated with Streamr Network tokenomicsLive video streams are now supported by the decentralised Streamr Network Operator nodes, that automatically join and support live video streams on Streamr App. In return, Operator Nodes earn DATA for supporting live video delivery, with staking and rewards handled via the AutoStaker system built in Q3.A new network graph view was introduced to visualise which Operators are connected to a given stream, improving transparency and observability of network participation.This integration represents a major architectural advancement, directly linking application-layer demand side with the network’s supply side of Operator nodes and DATA token incentives – key to supporting the token ecosystem over the long term.In addition, this architecture unlocks core Streamr Beta features; it enables privacy benefits through IP address obfuscation, improves resilience for video streaming under demanding network conditions, and supports bandwidth optimisation and efficiency.Implemented video recording functionality

A video recording feature was added, enabling broadcasts to be recorded and made available for later viewing. This improves the overall user experience and supports use cases where live participation is not possible, while increasing the long-term visibility and utility of streamed content.

Project financialsApproximately 7.5M DATA tokens were distributed to community Node Operators.$‎314,966.6 USD was raised from the sale of ‎ 39,078,781.1 DATA tokens at an average price of $‎0.00806 per token for project development and growth.401,003.3 DATA generated in network protocol fees this quarter.https://polygonscan.com/address/0x63f74A64fd334122aB5D29760C6E72Fb4b752208 At the end of Q4 the project’s cash reserve was approximately $490,000. This is up from the reported $440,000 in Q3. DATA selling remained cautious in Q4 due to the adverse markets and amounted to less than the expenses. This would have otherwise reduced the cash reserve, but there were also some corrections to earlier expense allocations in 2025, and the resulting total actually increased from the previous quarter’s reported amount, which didn’t include said corrections.Remaining tokens from the previous governance checkpoint (SIP-22) were depleted during the quarter, and a subsequent package (SIP-24) was granted, with around‎ 91M DATA remaining at the end of the year.The circulating supply stands at around 1.3B DATA. The project’s token reserve is approximately 700M DATA. After deducting the reservations for SIP-23 and SIP-24, there remains 530M of unallocated DATA in the reserve, to be potentially allocated later via governance votes:Governance checkpoint projectionsEach unlock from the project’s token reserve is structured to conclude with a governance checkpoint, providing token holders with a regular opportunity to assess progress and align future funding decisions with project milestones. These checkpoints will trigger a vote (SIP, or Streamr Improvement Proposal) to unlock the next batch of tokens for the core team to develop and market the Streamr project.

By tracking our average monthly spend against the DATA token price, we estimate that the next funding package SIP will arrive in mid-2026. Changes in the token price, token liquidity, team spending, and the utilization of the project’s cash reserves can extend or contract the timeline.

Project expensesThe overall spending in Q4 was $532k, slightly up from the Q3 figure of $499k. This is largely due to summer holidays reducing the burn observed in Q3.

While the project has managed to adjust its burn to prevailing market conditions and funding, cost-efficiency remains one of our strategic focus areas in order to minimize token supply inflation and improve project sustainability. The project is targeting to further reduce the monthly burn to sub-$100k level by the end of Q1/2026.

MonthAdminBusinessLeadershipLegalOverheadsTech10 / 202512,27139,09714,29507,925115,21811 / 202513,39840,63414,443011,05084,96312 / 202510,97137,36914,428015,685100,552Total36,640112,18543,165034,660280,047Spending category contents:

Admin: HR, accounting, bookkeeping, offices, utilities, financial services.

Business: Bizdev & marketing team salaries, ad and campaign expenses, events.

Leadership: Project leadership salaries.

Legal: Legal and compliance fees. 

Overheads: Insurance, mandatory pension payments, taxes.

Tech: Developer salaries, product UX/UI designers, software licenses and cloud services. 

Total project expenses in Q4/2025: $532,299 USD (average $177,433/month)

Locked/staked supplyThe amount of locked tokens has decreased slightly from 97M to 93.4M DATA representing a -3.7% change in the amount of tokens locked in Operators and Sponsorships from the start of the quarter to the end of the quarter. 

DATA tokens staked on stream Sponsorships. Source: https://dune.com/streamr/dashboardNode OperatorsApproximately 7.5M DATA tokens have been issued (approved in SIP-14) to node operators this quarter through Streamr Sponsorships to help secure the streaming network. 

Issuance
eventStart dateStatic sponsorships (DATA)Dynamic sponsorships (DATA)Total
Issuance (DATA)222025-10-032,300,000200,0002,500,000232025-11-052,300,000200,0002,500,000242025-12-082,000,000500,0002,500,000A growing allocation of operator rewards are distributed via dynamic sponsorships created by Streamr App/StreamrTV. They are shorter in duration and appear frequently, as they are created when users stream on the application. Operators can leverage the autostaker to automatically react to new sponsorships and capture rewards from dynamically generated sponsorships.

Active (staked) node operators were 175 at the start of the quarter, dropping to 159 by the end of the quarter – a 9% drop.

Token DisclosuresThe company Streamr Network AG owns 139,309,088 DATA. The company is owned and controlled by project founders and early investors. 

While the company has the right to participate in governance voting just like any other token holder, since May 2021 the company has voluntarily abstained from voting to avoid dominating the votes and let smaller token holders’ voices be better heard.

DATA Ecosystem fundThe Data Fund supports projects and individuals in building with Streamr, as well as selected growth and marketing campaigns. Fund balance: 10.2M DATA.

DateDescriptionAmountTransaction hash 24 / 10 / 2025Growth support: contests, quick reaction promotions, influencer campaigns500,000 (DATA)https://etherscan.io/tx/0x8f6cfbde12e23706876ae52aec61fb726795d4db95b7fb97acf663078b012f85 20 / 11 / 2025Payment to Murat Dogan for node-datachannel one year sponsorship167,000 (DATAhttps://polygonscan.com/tx/0xb8d41a605a0d3261c1a387af04e66a0c36a9566f579db24ab5f4f68fac0c67d8 20 / 11 / 2025Growth support: contests, quick reaction promotions, influencer campaigns300,000 (DATA)https://polygonscan.com/tx/0xb2194481a357d9d849807a78e4520f19296cdf7f9229b6f3b538a4603dd63e6e This table provides an overview of key events. Amounts have been rounded, and minor details and internal transfers have been omitted for reporting practicality.Governance updatesThere were three governance proposals this quarter, two of which were approved by the token holders:

IDOutcomeDescriptionSIP-23RejectedA token incentive program for certain roles in the operational project leadership was proposed, where token bonuses are allocated from the reserve and unlocked if certain token price levels are reached. Many voters found room for improvement in the terms governing earning the bonuses, and the proposal was rejected. A subsequent, edited version was passed as SIP-23 (v2).SIP-23 (v2)ApprovedThis proposal set forth an improved version of the token incentive program first introduced as SIP-23. This version of the proposal had much wider backing from the community and was approved.SIP-24ApprovedThis proposal was a governance checkpoint, a funding checkpoint to check on project progress and set goals for the next chunk of funding. The decision allocated 100M DATA from the reserve to be spent towards developing the Streamr App Beta.GitHub ActivityThe development focus at the moment is on Streamr App, which involves some non-public code repositories. For visibility into the non-public work, we include this section to display the development activity surrounding private repositories.

The heaviest development activity is currently in the repository streamrtv, which is a monorepo containing the various modules of the Streamr App. There is also ongoing development in the network repository – which is public – containing the main code for components of the Streamr Network, such as the Streamr Node and Streamr SDK.

Risks and ChallengesAdoption

Following the launch of MVP2 in Q3, the focus in Q4 shifted towards a deeper assessment of the market opportunity for the Streamr App. This work combined analysis of Streamr’s core technology capabilities and early marketing data with broader research into market size, category dynamics, and the competitive landscape. The objective was to identify where the project can deliver clear and defensible differentiation.

Based on this analysis, the Council agreed to focus the Streamr App on next-generation video conferencing. The intended direction is a secure and privacy-preserving video communication platform capable of supporting multiple use cases, with privacy-conscious entrepreneurs and teams identified as the initial bullseye customer profile. Conceptually, this can be understood as a video conferencing “super app”, leveraging Streamr’s decentralised infrastructure to address limitations observed in existing products.

As a result of this strategic refocus, Q4 did not prioritise active adoption or growth initiatives. Instead, efforts were concentrated on building and refining a beta version of the product, as development transitions from one-to-many streaming (MVP2) to many-to-many communication in the Streamr App Beta. The beta launch is planned for March 1st 2026, at which point structured growth and go-to-market activities will commence.

Technical challenges

As foreseen in the Q3 transparency report, the main technical challenge faced during Q4 was the implementation of multi-broadcast video streaming in the Streamr App core. This challenge was successfully overcome, and we were able to develop a preliminary version of a Streamr-based teleconferencing web-app. The main technical challenge for Q1 of 2026 is making the app feature-complete and production-ready (bug-free, tested to work on all platforms). 

Security vulnerabilities or incidents

There have been no consequential security incidents. 

Legal or regulatory updates

There have been no consequential legal or regulatory incidences.

If you have any questions about this transparency report, feel free to ask in the governance channel on the Streamr Discord.

[PRESS RELEASE – London, United Kingdom, October 9th, 2024]

Stablecoin Standard’s newly introduced set of global standards receives endorsement from a number of stablecoin issuers, including GMO-Z.com Trust Company (‘GMO Trust’), StraitsX and BiLira, that offer G10 currencies including JPY, SGD, TRY & USD Standards also endorsed by top ecosystem participants including Fireblocks, Solana, Bitstamp, Zodia Markets and JST Digital Stablecoin Standard, the industry body for stablecoin issuers globally, today announced that their recently unveiled set of global standards for stablecoin issuers have been endorsed by some of the leading stablecoin issues and ecosystem participants in the industry. Among those who have endorsed are Archblock, BiLira, Bitstamp, GMO-Z.com Trust Company (‘GMO Trust’), JST Digital, Fireblocks, Solana Foundation, StraitsX and Zodia Markets, signaling a new era of cooperation and standardization within the stablecoin industry.

The standards, announced by Beth Haddock, Global Policy Lead at Stablecoin Standard, at the Annual Flagship Event in Singapore, were designed to promote operational resilience, transparency and consistent issuer commitments globally. Stablecoin Standard’s Policy Working Group created the high-level standards that are both general and actionable, while being sensitive to the innovation in the market.

Beth Haddock, Global Policy Lead at Stablecoin Standard, commented on the endorsements: “Their endorsement not only validates the rigor of our proposed framework but also underscores the importance of creating a stable, transparent, and resilient environment for digital currencies. This milestone, following discussions at our annual meeting, sets a strong foundation for the continued evolution of the ecosystem.”

The endorsement of the standards lays the groundwork for a stablecoin ecosystem that prioritizes transparency, security and consumer protection. With increased scrutiny from regulators and growing demand for digital assets, unified standards can provide clarity and assurance to both industry participants and the public. Stablecoin Standard’s new framework aims to accelerate the adoption of stablecoins by fostering greater confidence among consumers, regulators, and traditional financial institutions.

Ramy Soliman, Co-Founder of Stablecoin Standard, commented on the endorsements: “The endorsement of our global standards by leading stablecoin issuers such as, BiLira and ecosystem participants, including industry leaders like Solana, Zodia Markets and JST Digital, is a vital step toward establishing a unified, trusted framework for the entire sector. As stablecoins continue to redefine the future of digital payments, these standards will provide the foundation for long-term growth, transparency, and security. This collective commitment—solidified during discussions at our annual meeting—not only underscores the industry’s dedication to fostering innovation but also demonstrates a concerted effort to align with evolving regulatory expectations and build the consumer trust essential for stablecoins to thrive globally.”

Stablecoin Standard and its endorsing members plan to continue refining these standards for implementation with the goal of achieving industry-wide adherence by Q4 2025.

Quotes from Endorsers:

Sinan Koç, Co-founder and CEO of BiLira, commented on their endorsement, “As a stablecoin issuer, BiLira has always prioritized transparency, security, and adherence to high standards, which is why we are proud to endorse the Stablecoin Standard’s newly introduced set of global standards. TRYB is governed with a commitment to uphold these principles, which we believe are essential for fostering trust and stability in the rapidly evolving digital asset space. We support this initiative as a significant step towards a more resilient and unified stablecoin ecosystem.”

Ran Goldi, SVP Payments and Network at Fireblocks, commented on their endorsement, “With more than a dozen stablecoins issued on Fireblocks, we strongly believe standards are the right path for our ecosystem with regard to interoperability and reaching the holy grail of instant liquidity any time, anywhere. SCS is taking a big, bold step, and we proudly endorse and stand with them on this journey.”

Kenny Chan, Head of StraitsX, commented on their endorsement, “As one of the leading regulated stablecoin issuers in Asia, StraitsX is committed to upholding the highest standards of transparency and operational resilience. We are proud to support the Stablecoin Standard’s newly introduced global standards, which will help build greater trust in the stablecoin ecosystem and ensure that digital currencies can be securely and seamlessly adopted by businesses and consumers worldwide. By working collaboratively with key industry participants, we believe these standards will provide a strong foundation for the future of stablecoins, promoting innovation while ensuring compliance with evolving regulatory frameworks.”

About Stablecoin Standard

Stablecoin Standard (SCS) is the industry body focused on setting operational, transparency, and product related standards for stablecoins. The SCS plans to achieve industry wide standards by sharing international best practices, business development use cases, forming industry led working groups defining what a high-quality liquid stablecoin should look like, and engaging with policymakers domestically & internationally. The SCS ecosystem consists of over 30 advisory board members, industry partners and issuers that offer digital currencies in global jurisdictions such as the US, EU, Singapore, Australia, and Turkey – among others.

Users can follow the Stablecoin Standard on LinkedIn and X and to learn more, please visit: https://stablecoinstandard.com/

About the author

Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.

Ripple has made its USD-backed stablecoin RLUSD available to institutions in Türkiye through new partnerships with BiLira, Bitexen and Bitlo.

Summary

Ripple launched RLUSD in Türkiye through BiLira, Bitexen and Bitlo for institutional stablecoin access locally. RLUSD crossed $1.7 billion in market cap less than one year after its launch globally. Ripple also added Istanbul Technical University to UBRI, funding blockchain research through RLUSD and fellowships. Ripple expands RLUSD access in Türkiye Ripple announced on June 2 that RLUSD is now available to Turkish institutions through BiLira, Bitexen and Bitlo. The company said the move gives local institutional users access to its regulated, USD-backed stablecoin.

RLUSD launched in late 2024 and has grown to more than $1.7 billion in market cap. Ripple said the stablecoin is built for payments, tokenization and collateral management across crypto and traditional finance.

Türkiye becomes a key stablecoin market Ripple said Türkiye remains one of the largest crypto markets in the MENA region. The company cited Chainalysis data showing nearly $200 billion in annual crypto transaction volume in the country.

The launch also comes after Türkiye introduced a licensing framework for crypto asset service providers in 2024. That framework moved the market toward supervised operations and gave global firms a clearer route to work with domestic platforms.

Moreover, Jack McDonald, Ripple’s SVP of Stablecoins, said “RLUSD has rapidly gained traction” in financial use cases. He said Türkiye is a key market because it connects traditional finance with the digital economy.

BiLira, Bitexen and Bitlo will support RLUSD for Turkish users and institutions. BiLira said the partnership focuses on regulatory standards. Bitexen said RLUSD fits its plan to offer USD-denominated instruments across several regions. Bitlo said users want secure digital dollars to manage wealth and reduce exposure to volatility.

Ripple adds university blockchain link Ripple also announced Istanbul Technical University as a new partner in its University Blockchain Research Initiative. The partnership will fund blockchain research, graduate fellowships and academic work through RLUSD.

The university will also host an XRP Ledger validator on campus. Ripple said the move will connect academic research with live blockchain infrastructure and give students direct exposure to decentralized systems.

RLUSD is already available through major global platforms including Binance, Bitstamp, Kraken, OKX, Gemini, Bybit, Bitso and LMAX. As crypto.news previously reported, Binance listed RLUSD in January after strong growth in 2025, while later coverage tracked RLUSD’s market cap growth as XRP Ledger activity increased.

The Türkiye launch extends that rollout into a market with strong stablecoin and crypto demand. Ripple has not described the new partnerships as retail-only. Its release focuses on institutional users, corporate settlement and compliant digital dollar access.

For Ripple, the launch adds another local market to RLUSD’s global distribution. For Turkish institutions, it adds another regulated dollar-backed stablecoin option through domestic partners.

Ripple has made its US dollar-backed stablecoin, RLUSD, available to institutional investors in Türkiye through new partnerships with BiLira, Bitexen, and Bitlo.

02.06.2026 - 11:34

Update: 02.06.2026 - 11:34

Ripple, which won its legal battle against the SEC in the US and is making rapid strides in its global expansion, has made a move towards Türkiye.

Accordingly, Ripple will support its RLUSD stablecoin in Türkiye.

Ripple announced it has partnered with Turkish companies such as BiLira (the issuer of TRYB), Bitexen, and Bitlo to support its dollar-pegged stablecoin RLUSD in Türkiye.

At this point, Ripple has made its US dollar-backed stablecoin, RLUSD, available to institutional investors in Türkiye through new partnerships with BiLira, Bitexen, and Bitlo.

This will enable Turkish institutional investors to access institutional-level US dollar liquidity using RLUSD.

This move is part of RLUSD’s broader international expansion, which is of great importance to Ripple.

Ripple stated that Türkiye remains one of the largest cryptocurrency markets in the MENA region. Based on Chainalysis data, the company noted that the country has an annual cryptocurrency trading volume of approximately $200 billion.

Jack McDonald, Ripple’s Senior Vice President of Stablecoins, stated the following:

“RLUSD has rapidly gained momentum in financial use cases, serving as a vital bridge for payments, tokenization, and collateral management. With institutional demand increasing globally, launching in Türkiye marks a milestone in our expansion. Turkey is situated at the intersection of traditional finance and the digital economy and boasts one of the highest cryptocurrency adoption rates in the world. By providing a transparent and fully regulated, stable, USD-backed asset, we enable Turkish businesses to access global liquidity.”

*This is not investment advice.

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The 30-day Trade-to-Feed competition marks BitMart's 8th anniversary and the exchange's strategic listing of EAT, the first cause coin.

New York, United States, April 28, 2026, Chainwire – BitMart, the global digital asset exchange serving millions of users worldwide, today launched the Trade-to-Feed competition, a 30-day trading competition paying out up to $4.4 million USDT in trader rewards. The campaign marks BitMart's eighth anniversary and the exchange's listing of EAT (WYDE: End Hunger), the first cause coin to list on a major centralized exchange.

Cause coins are an emerging asset class engineered so that fees from trading activity flow to charitable grant-making infrastructure alongside trader rewards. By making EAT the inaugural cause coin listing and pairing it with the largest competition in BitMart's history, the exchange is positioning itself ahead of a category where market activity produces measurable real-world outcomes.

Running April 28 through May 28, 2026, the Trade-to-Feed competition distributes up to $4.4 million USDT across three concurrent tracks:

Three concurrent competitions, 76,391 chances to win.

The campaign runs three reward tracks simultaneously, all funded from a single pool that grows with volume:

Volume Leaderboard: Up to 73 traders share the leaderboard pool by rank, with the first-place trader winning up to $2.2 million USDT (50% of the total prize pool).Power Drop: 75,500 tickets distribute across the campaign, each worth a flat $10 USDT. Any trader completing $40 or more in EAT spot volume qualifies; tickets allocate proportionally to volume.Lucky Drops: Up to 15 random USDT jackpots from $5,000 to $100,000, drawn weekly and at close, with a cumulative pool of $435K at the $200M cap. Any trader completing $2,000 or more in EAT spot volume qualifies.In addition, a Welcome Lucky Draw with a $5,000 USDT pool opens to any new participant who registers and completes a $5 USDT spot trade in EAT, with 803 winners selected across three tiers.

Learn more: Trade to Feed (Up to 4.4M in rewards).

Where the meals goCharitable distributions from the campaign flow through WYDE Association's two-pool allocation model. Fifty percent of cause fees fund WYDE's exclusive national hunger-relief grant partner, Feed the Children, a global movement working to end childhood hunger since 1979 that distributes food, essentials, and disaster relief across the United States and ten countries. The remaining fifty percent is allocated by EAT token holders through community voting on the Hunger Network, a public directory of verified hunger-relief organizations available at www.eat.ong. Token holders direct funding to local food banks and partner organizations in their own communities each voting round, giving EAT its core utility — holder governance over real charitable allocation, recorded on-chain and publicly verifiable.

"BitMart's eighth year is the right moment to put real weight behind a direction we believe in," said Chad Liang, EVP of BitMart. "Cause coins connect market activity to outcomes the world can see and measure. Listing EAT and committing the largest competition in our history to it is how we mark this anniversary: by helping define what comes next, not just trading what already exists.""BitMart didn't just list EAT. They named a category," said Aaron Rafferty, Co-Founder of WYDE." A global exchange recognizing cause coins as a strategic priority is a structural moment. Every dollar of organic volume in the Trade-to-Feed competition also funds meals. That is the proof point."About BitMartFounded in 2018, BitMart is a global digital asset trading platform serving millions of users worldwide. Ranked among the top exchanges on CoinGecko, BitMart offers 1,700+ trading pairs with one of the lowest fee structures in the industry. Learn more at bitmart.com.

About WYDEWYDE is a Wyoming 501(c)(4) nonprofit operating the first Impact Exchange, infrastructure where transaction-based fees fund verified hunger-relief organizations through charitable grants. All distributions are recorded on-chain and publicly verifiable. Learn more at wyde.org.

About EATEAT (WYDE: End Hunger) is the first cause coin listed on the WYDE Impact Exchange, launched on Base on December 10, 2025. To date, EAT has crossed 25,000 meals funded. Learn more at eat.ong.

Risk disclosureUse of BitMart services carries substantial risk. Digital assets are not suitable for all participants. Sweepstakes mechanics do not guarantee winning. Charitable grants from WYDE Association to verified hunger-relief organizations are made by WYDE Association from fees received through the Impact Exchange.

Media contact:

Wahid LodinDirector at Luna [email protected] publication is provided by the client. The text below is a paid press release that is not part of Cointelegraph.com independent editorial content. The text has undergone editorial review to ensure quality and relevance, it may not reflect the views and opinions of Cointelegraph.com. Readers are encouraged to conduct their own research before taking any actions related to the company. Disclosure.

Leading U.S. Digital Asset Exchange Brings Together Industry Leaders for an Evening of Connection at Miami Beach Waterfront

BitMart US, a regulated digital asset exchange serving all 50 U.S. states, today announced it will host an exclusive networking reception on the sidelines of Consensus Miami 2026. The event, titled Zero Fees, Open Bar, will take place on Tuesday, May 5, 2026, from 6:00 to 9:00 PM EDT at a waterfront venue in Miami Beach, Florida.

The reception is designed to bring together founders, investors, traders, and builders at the forefront of the digital asset industry for an evening of high-level conversation, connection, and celebration. Attendance is by invitation and approval only, reflecting the curated nature of the gathering.

“Consensus is one of the most important moments on the crypto calendar, and we wanted to create a space where the right people could connect beyond the conference floor,” said Daniel Huang, COO of BitMart US. “This reception reflects who we are as a US-based platform – accessible, passionate, and built for the people driving this industry forward. Zero fees on the exchange, open bar at the party.”

The reception is made possible with the support of event partners. TEXITcoin (TXC), a digital currency created by Texans, for Texans, joins as Co-Host of the evening. PHIL AI, a decentralized AI mining and security infrastructure platform built on Polygon PoS, joins as Event Sponsor.

The event coincides with BitMart US’s broader presence at Consensus Miami 2026, where the company is exhibiting at booth #4008 at the Miami Beach Convention Center from May 5–7. BitMart US will be showcasing its zero-fee trading infrastructure, free fiat on- and off-ramp services, and the BitMart Card – a Visa card that enables users to spend crypto like cash anywhere in the world, with up to 5% cash back on eligible categories.

Registration for the Zero Fees, Open Bar reception is open and subject to host approval. Space is limited.

Register: luma.com/ti6g4ad5 

About BitMart US BitMart US is a regulated digital asset platform serving users across all 50 U.S. states. Built on a compliance-first foundation, BitMart US offers trusted, cost-efficient access to the digital asset market through zero-fee trading, free crypto withdrawals, and seamless fiat on- and off-ramp services – reflecting our belief in “Zero Fees. Full Freedom.” Designed for both retail and institutional participants, BitMart US serves U.S.-based users and welcomes international institutions seeking a compliant entry point into one of the world’s most important crypto markets.

Disclaimer: BitMart US products and services may not be available in certain jurisdictions. Digital asset investment carries a highly speculative nature and may result in significant losses. Cryptocurrency prices experience severe volatility, and investors should make prudent decisions based on their financial circumstances and risk tolerance. BitMart US does not provide investment, legal, or tax advice. Users assume all risks associated with using the platform services. Zero Hash LLC and its affiliate, Zero Hash Liquidity Services LLC, are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. For Zero Hash’s New York BitLicense Risk Disclosure and Complaint Procedure, visit: https://docs.zerohash.com/page/about-zero-hash

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

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