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Sony-backed Soneium blockchain launches innovative scoring system that quantifies authentic user contributions through comprehensive tracking of on-chain activities, partnerships with major DeFi protocols.
- Tether integrates USDT on Bitcoin via RGB protocol, enhancing scalability and privacy for cross-chain transactions. - RGB anchors ownership on-chain while handling data off-chain, enabling instant settlements and offline transactions. - This shift positions Bitcoin as a versatile financial infrastructure, supporting remittances, micropayments, and DeFi. - Tether’s $167B market dominance faces regulatory scrutiny amid expansion, highlighting innovation vs. compliance challenges.
- Sony's Soneium blockchain, an Ethereum Layer 2 solution, introduces the Soneium Score—a proof-of-contribution framework incentivizing user engagement through activity, liquidity, NFT, and bonus metrics. - Strategic partnerships with LINE (200M users) and Astar Network expand Soneium's ecosystem, integrating gaming apps and cross-chain interoperability to target Asian markets and enterprise adoption. - The native Sony token surged 290% in 24 hours, with a $500M valuation and $5B FDV potential, positioning
- Nigeria’s 2025 VAT reforms, effective Jan 2026, expand tax obligations to foreign digital firms like Netflix and AWS, requiring 7.5% VAT collection on B2C transactions. - Local tech firms gain input VAT recovery benefits and a competitive edge as non-resident providers face mandatory e-invoicing and fiscalization under Nigeria’s digital-first tax strategy. - Foreign investors must navigate stricter compliance (OECD-aligned destination principle) but benefit from incentives like a 5% EDI tax credit for te
PYTH price has surged over 100% in 24 hours, yet charts and on-chain data suggest the rally may not be done. Despite whale selling and a volatile megaphone pattern, technical indicators and buying activity hint that bulls are still in control. Key levels ahead will decide if PYTH can extend toward $0.40.
- LINK dropped 23.83% in 24 hours to $24.31 amid broader market declines, despite long-term gains of 4852.25% over a month. - Technical indicators show bearish momentum, including a death cross EMA crossover and RSI sharp decline from overbought levels. - Algorithmic traders are re-evaluating LINK's volatility as a potential catalyst for short-term trend-following strategies amid heightened market uncertainty.
- FIS surged 140.85% in 24 hours, with 157.68% and 533.56% gains over 7 days and 1 month, contrasting a 7356.37% annual drop. - Technical indicators show overbought RSI and bullish moving average crossovers, suggesting continued upward momentum despite unconfirmed on-chain activity. - A backtesting strategy using moving averages, RSI thresholds, and volume analysis aims to validate the recent trend under historical conditions.
- Tether integrates USDT on Bitcoin via RGB protocol, enabling private, scalable stablecoin transactions on Bitcoin’s base layer. - This bridges Bitcoin’s store-of-value role with stablecoin liquidity, offering institutions hedging tools and retail users low-cost, instant payments. - RGB’s off-chain validation and Lightning compatibility address Bitcoin’s transaction limitations while preserving decentralization and security. - The move diversifies Tether’s infrastructure from centralized chains and aligns
- MEI Pharma becomes first U.S. public company to allocate $110M in Litecoin (LTC) for treasury diversification and blockchain-based capital management. - The move leverages Litecoin's low fees ($0.01/transfer), 2.5-minute settlement times, and institutional partnerships with GSR and Litecoin creator Charlie Lee. - By treating LTC as a reserve asset with hedging strategies, MEI sets a blueprint for institutional crypto adoption in capital-intensive industries. - This validates Litecoin's institutional cred
- 11:50Analyst: Fed rate cuts will lead to continued weakness of the US dollarChainCatcher news, according to Golden Ten Data, analysts at Monex Europe stated in a report that even if the US dollar stabilizes before the weekend and Friday's economic data is light, the dollar may continue to weaken. They believe that the Federal Reserve seems likely to cut interest rates again on September 17 and begin a steady policy easing cycle, which will put the dollar on the defensive in the coming months. Data released on Thursday showed that initial jobless claims last week increased more than expected, while August inflation data was weaker than anticipated, prompting the market to increase bets on rate cuts.
- 11:37Decentralized multi-chain trading platform NuDEX completes new funding round, led by MetisDAOAccording to ChainCatcher, decentralized multi-chain trading platform NuDEX has completed a new round of financing, led by MetisDAO Foundation, with participation from Flurry Capital, Waterdrip Capital, YBB Capital, and several strategic investors. The new funds are intended for the GOAT chain mainnet upgrade and node network deployment, the development and TSS standardization of the NuOrbit protocol, as well as developer tools and API integration.
- 11:05Trade groups call for blockchain to be included in the UK-US "Tech Bridge" agreementAccording to ChainCatcher, citing Golden Ten Data, ahead of Trump's visit to the UK next week, several British trade groups are urging the government to include blockchain technology in any technological innovation cooperation agreements signed with the United States. In a letter to the UK Business Secretary, more than a dozen groups representing the financial, technology, and cryptocurrency industries stated that distributed ledger technology should be a core component of the "UK-US technology bridge." Trump’s state visit will be accompanied by a delegation of technology leaders, including OpenAI founder Sam Altman and Nvidia CEO Jensen Huang.