Several Korean firms dispute Open USD alliance membership
Several major South Korean companies have said they were listed as members of the Open USD (OUSD) stablecoin alliance despite not formally agreeing to participate....
Tag : Open
Upbit rejects Open USD role after stablecoin partner claims
South Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140...
What is a consortium stablecoin? Open USD model
Tether and Circle built their businesses by keeping the interest on the dollars behind their coins. A new kind of stablecoin, run and owned by...
CRCL Sell-Off 'Looks Overdone' Say Analysts as Circle CEO Addresses Open USD Threat
In brief CRCL shares fell 18% on Tuesday amid news of a major stablecoin launch coming later this year. Analysts at Clear Street though don’t...
Circle Stock Dives as Coinbase, BlackRock and Visa Back Open USD Stablecoin
In brief More than 140 companies have teamed up and revealed Open USD, a new stablecoin run by an independent operator called Open Standard. It...
Linux Foundation, Tech Giants Launch Akrites to Defend Open Source Against AI-Powered Attacks
In brief The Linux Foundation launched Akrites on Thursday with 19 founding members to coordinate the remediation of critical open source vulnerabilities before AI-enabled attackers...
Hyperliquid open interest surges 32% in a week: Is $80 HYPE next?
Key takeaways: Hyperliquid defies the crypto bear market with $3 billion HYPE open interest, a 32% growth in a week. Hyperliquid’s TradFi innovation, like SpaceX...
EU Orders Meta to Open WhatsApp to Rival AI Chatbots—Meta Calls It 'Regulatory Overreach'
In brief EU regulators ordered Meta to restore rival AI chatbots’ access to WhatsApp Business tools. Meta slammed the decision as “regulatory overreach” and vowed...
OpenAI Confirms Confidential IPO Filing, Keeps Timing Open
In brief OpenAI said it recently submitted a confidential S-1 registration statement for a potential IPO. The company has not decided when—or whether—it will move...
Bitcoin open interest rises as price drop raises squeeze risk
Bitcoin traders are watching a tense derivatives setup after on-chain analyst Maartunn pointed to a drop in BTC price while open interest moved higher. Summary...