Miami, Florida, February 5th, 2025, Chainwire QuickNode , the leading Web3 infrastructure provider, today announced a groundbreaking partnership with Fuse Network to implement the industry's first Layer 2 (L2) for businesses, powered by QuickNode Rollups and Polygon Chain Development Kit (CDK) technology. This strategic collaboration marks a significant milestone in the rollups ecosystem, bringing together three powerhouse players to advance blockchain scalability and accessibility. The collaboration leverages QuickNode's enterprise-grade infrastructure, Fuse's user-centric Web3 payment solution stack, and Polygon CDK's cutting-edge rollup technology. The result will be the first L2 built on Polygon CDK tailored for businesses, enabling seamless payment processing, enhanced scalability, and optimized access to decentralized finance solutions. "This collaboration accelerates the future of scalable payments," said Dmitry Shklovsky, QuickNode co-founder. "QuickNode's Rollups infrastructure, Fuse's payments platform, and Polygon's CDK are converging to empower the next generation of onchain payment solutions." The implementation will enable Fuse to significantly enhance its transaction processing capabilities while maintaining security and decentralization. Built on Polygon's CDK technology and powered by QuickNode's reliable infrastructure, this solution will empower Fuse users with lightning-fast transaction speeds, significantly reduced costs, and the ability to scale seamlessly for growing business demands. "Integrating QuickNode's Rollup solution as the backbone of our upcoming L2 Ember network is a pivotal step in our mission to deliver scalable, efficient blockchain solutions to businesses worldwide," said Mark Smargon, CEO of Fuse. "This partnership allows us to leverage the best-in-class infrastructure and proven rollup technology to upgrade transaction speed, reduce costs, and truly empower businesses to adopt Web3 with confidence." The partnership comes at a strategic time as the industry sees increasing demand for scalable blockchain solutions, and also showcases the practical application of Polygon's CDK technology in a production environment, demonstrating its potential for future rollup implementations. "Seeing Fuse leverage Polygon CDK through QuickNode's RaaS infrastructure validates our vision for modular rollup technology," said Aishwary Gupta, Head of payments at Polygon. "This collaboration exemplifies how different layers of blockchain technology can work together to create more efficient and scalable solutions." This partnership will also power the upcoming launch of Fuse Ember. In anticipation of that, the Fuse team will soon facilitate a Node Sale and Activation Campaign, which will empower participants to secure and strengthen the Fuse ecosystem, ensuring it remains robust, transparent, and community-driven. Fuse Network will share more details soon. QuickNode’s infrastructure supports the development of enterprise-grade Layer 2 and Rollup solutions, offering advanced technology and expert guidance for scalable blockchain deployments. About QuickNode Since 2017, QuickNode has become the backbone of blockchain innovation by offering the most powerful infrastructure to build and scale your business onchain with access to 60+ blockchains and 99.99% uptime. QuickNode’s unparalleled blockchain infrastructure expertise is why QuickNode Rollups have become the go-to RaaS choice for leading Layer 2 networks. About Fuse Network Fuse is a veteran team building the “Stripe” of L2’s with 5 years in the space, building a vibrant open-source ecosystem. Since pioneering account abstraction in 2019, Fuse has led L2 innovation by delivering a non-custodial, Web2-like mobile experience, making blockchain payments seamless for businesses and their customers. Fuse is transitioning to a scalable infrastructure, leveraging ZK (Zero Knowledge) technology to support business payments and achieve transaction throughput comparable to or exceeding Visa. ContactChief Operating OfficerJackie De La RosaQuickNodejackie@quicknode.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The waiting time for WazirX creditors will depend on the approval or rejection of its restructuring plan. Meanwhile, FTX creditors are set to receive their long awaited repayments starting Feb. 18. “Convenience class” creditors will get full reimbursements plus interest. Additionally, LayerZero Labs also recently announced that it decided to settle its legal dispute with the FTX estate over a contested equity stake and financial transactions involving Alameda Ventures. The firm ultimately settled after recognizing that the battle was not against FTX itself but rather its creditors. WazirX Warns Creditors of Prolonged Repayment Timeline Indian crypto exchange WazirX i ssued a warning that repayments related to its $234 million hack could be delayed quite a bit, potentially extending as far as 2030. The company shared a statement on X that outlines two possible outcomes depending on the approval or rejection of its restructuring scheme, and urged creditors to carefully consider their options. The hack took place in July, during which cybercriminals exploited a vulnerability in WazirX’s multisig wallet system. By taking advantage of a flaw that required three out of six signatures to authorize transactions, the attackers managed to steal a very large amount of crypto assets. The breach was a major blow to India’s crypto industry, which is already facing regulatory scrutiny. Indian exchanges have been under a lot of pressure due to declining trading volumes, largely attributed to the country’s 1% TDS on each transaction. Many retail customers turned to foreign exchanges to avoid these taxes, which added even more strain on domestic platforms. WazirX proposed a restructuring plan that could accelerate repayment timelines, offering creditors a structured approach to fund recovery. This plan includes profit-sharing mechanisms that could potentially increase the final payout. However, if the proposal is rejected, creditors could be left in limbo for years due to ongoing legal disputes over the company’s ownership. Without an approved restructuring scheme, the next steps in the repayment process will remain uncertain and prolong the ordeal for the affected users. In the worst-case scenario, if WazirX enters liquidation, creditors might receive reduced repayments. Liquidation costs and the lack of additional recovery mechanisms will diminish the overall amount available for distribution. A prolonged liquidation process could also result in creditors missing out on potential future market gains, as the value of their assets may decrease over time. FTX Creditors Set to Receive Funds Starting Feb. 18 While WazirX users have a long road ahead of them, things are finally looking up for FTX creditors. FTX Digital Markets, the Bahamian subsidiary of the collapsed crypto exchange FTX, is set to start repaying creditors who lost access to their funds after the platform’s dramatic downfall in November of 2022. According to a statement from FTX creditor Sunil Kavuri on Feb. 4, repayments will start on Feb. 18 for “convenience class” creditors, who are those with claims under $50,000. These creditors are expected to receive 100% of their adjudicated claim value, along with 9% annual interest dating back to November 2022. The repayment process is being facilitated by BitGo, though it is still uncertain whether Kraken, another firm helping with the distribution, will follow the same schedule. If all eligible claimants file complete claims, FTX Digital Markets could be expected to pay out more than $16 billion. After extensive legal battles and negotiations, FTX’s debtors confirmed that the company’s reorganization plan took effect on Jan. 3. The first group of creditors scheduled for reimbursement is expected to receive their payments by early March. FTX’s collapse in November of 2022 was one of the most shocking events in all of cryptocurrency history. FTX was once one of the most dominant exchanges, but it crumbled within just a week due to a liquidity crisis that forced it to declare bankruptcy. Its former CEO, Sam Bankman-Fried, resigned in disgrace and was later convicted on multiple fraud charges. He was sentenced to 25 years in prison for his role in the collapse, which left thousands of users unable to access their funds. Many FTX victims, including Kavuri, endured serious financial and emotional strain over the past two years. Reports indicate that Kavuri alone lost more than $2 million when the exchange folded. The criminal proceedings related to FTX were concluded by the end of 2024, and four other former FTX and Alameda Research executives are also facing legal consequences. Former Alameda CEO Caroline Ellison and former FTX Digital Markets co-CEO Ryan Salame received yearslong sentences, while ex-FTX engineering director Nishad Singh and co-founder Gary Wang were sentenced to time served. Overall, creditors are finally seeing some progress in their fight to recover their lost funds. While the resolution will bring relief to some, the aftermath of FTX’s collapse still serves as a cautionary tale in the crypto community. LayerZero Settles Legal Battle With FTX Estate LayerZero Labs, the crosschain protocol firm that was co-founded by Bryan Pellegrino, also recently reached a settlement with the FTX estate after two years of litigation over transactions involving Alameda Ventures, the venture capital arm of Alameda Research. The dispute centered on funds that LayerZero withdrew before FTX’s collapse in November of 2022 and an equity stake held by Alameda Ventures in LayerZero. FTX wanted more than $21 million from the firm as part of its legal claims. Pellegrino announced the resolution in a Jan. 31 post on X , and pointed out that LayerZero incurred millions in legal fees during the process. He explained that the firm ultimately decided to settle after recognizing that the battle was not against FTX itself but rather its creditors, a group that includes LayerZero . As part of the agreement, the company returned the original repurchase amount to the estate. In 2022, Alameda Ventures agreed to acquire a roughly 5% stake in LayerZero, transferring $70 million to the firm and purchasing $25 million worth of STG tokens. However, FTX’s bankruptcy in November 2022 left many companies in limbo, with deals in progress and funds in motion. LayerZero tried to repurchase its equity stake by forgiving a $45-million loan to FTX, but the exchange’s estate later alleged that the firm took advantage of FTX’s financial distress. In September of 2023, the estate filed a lawsuit claiming that LayerZero negotiated a ”fire-sale transaction” with then-Alameda CEO Caroline Ellison during the company’s liquidity crisis. Court documents revealed that LayerZero also planned to repurchase the STG tokens from Alameda for $10 million, which was a price much lower than the original $25 million valuation. However, the transaction was never completed because Alameda never transferred the tokens, and no funds were sent from LayerZero. The settlement of this legal battle is the latest resolution in the unwinding of FTX’s very complicated financial entanglements.
The post Senate Banking Committee To Hold Hearing on Debanking Practices Today appeared first on Coinpedia Fintech News In a latest development, the Senate Banking Committee will hold a hearing today on “debanking,” where experts and business owners will testify about being unfairly denied banking products. On Wednesday, U.S. banks and regulators will face intense questioning as lawmakers investigate claims from conservatives and businesses that banks refuse services to certain industries or political groups. Notably, The banking industry strongly denies claims that it refuses services for ideological reasons. Instead, it says that strict and unclear rules, along with banking oversight practices, make it hard to offer services or explain when they can’t. Wednesday’s hearing could reveal potential policy changes, including new rules or laws aimed at creating a national standard for offering banking services. “This hearing is the beginning of the committee’s work to end this practice and will serve as an opportunity to hear directly from witnesses relating to their experience being debanked, which will in turn help shape solutions to address it – including holding regulators and financial institutions who exploit their power accountable,” remarked a spokesperson for Senator Tim Scott, the panel’s Republican chairman.
The recent fluctuations in XRP’s market price have sparked debates among analysts, with some suggesting a potential rally towards $18 based on Elliott Wave theories. Despite a current pullback, traders
BONK Coin shows a price rise, signaling potential market recovery. Increased trading activity on OKX indicates stronger buyer interest. Continue Reading: Market Signals Rise as BONK Coin Shows Promising Momentum! The post Market Signals Rise as BONK Coin Shows Promising Momentum! appeared first on COINTURK NEWS .
Trump-themed cryptocurrencies surged into the spotlight due to political influence and speculative interest. However, as anticipated, these tokens faced rapid price declines as the market lost interest. This decline serves as a reminder of the risks associated with investing in coins driven by hype rather than real-world applications and technological advancements. As the crypto market matures, investors are increasingly looking for projects with strong technological foundations and long-term value. One such project is Lightchain AI , which offers a unique combination of blockchain and artificial intelligence (AI) to create a more secure and efficient decentralized ecosystem. Priced at $0.006 in its presale, with over $15.1 million raised, Lightchain AI is rapidly gaining momentum as the smart investment of the future. Risks of Hype-Driven Tokens Like TrumpCoins Hype-driven tokens like $TRUMP exemplify the inherent risks of speculative cryptocurrencies. Launched on January 17, 2025, $TRUMP experienced a rapid surge, reaching a market capitalization of over $14.5 billion. However, this meteoric rise was unsustainable, with the token's value plummeting by two-thirds shortly after. The speculative nature of such tokens often leads to significant financial losses for investors. In the case of $TRUMP, entities behind the token generated nearly $100 million in trading fees, while many small traders incurred substantial losses. Additionally, the concentration of token ownership, with Trump-linked businesses controlling 80% of the tokens, raises concerns about market manipulation and ethical implications. These factors underscore the dangers of investing in hype-driven tokens, highlighting the importance of thorough research and caution in the cryptocurrency market. Lightchain AI’s Focus on Privacy and Data Sovereignty While many blockchain projects focus solely on decentralized control, Lightchain AI goes further by addressing critical issues such as privacy and data sovereignty. Centralized AI systems often rely on sensitive data, raising concerns about data breaches and misuse. Lightchain AI’s design ensures that all computations remain secure and private, without the need for sensitive data to leave local environments. Through its unique federated learning system, the platform allows users to train AI models and perform data analysis without compromising privacy or sharing raw data. This makes Lightchain AI an ideal solution for industries that require data privacy and protection, such as healthcare, finance, and more. Real-World Applications for Businesses Lightchain AI’s blockchain ecosystem delivers practical solutions for various industries by seamlessly integrating AI workloads into blockchain networks. This innovation allows businesses to adopt AI-driven solutions without disrupting existing systems. With the ability to run AI computations directly on-chain, Lightchain AI empowers businesses to optimize operations, enhance decision-making, and boost efficiency. Additionally, its secure processing of AI models and data on the blockchain minimizes risks of data leaks or unauthorized access. By combining blockchain technology with advanced AI, Lightchain AI unlocks new opportunities for industries to leverage the power of AI while maintaining security and compliance. This ecosystem is paving the way for businesses to harness cutting-edge technology while safeguarding their data and improving overall performance Lightchain AI Urls: Website | Whitepaper | X | Telegram Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
XRP’s latest pullback could be part of a classic Elliott Wave structure, according to one market analyst, with a target above $18 if the bulls regain their footing.
Ondo Finance has announced a major update to its Ondo Global Markets (Ondo GM) platform, introducing a tokenization framework designed to bring publicly traded securities onchain. Ondo GM’s platform will enable investors outside the U.S. to gain onchain exposure to thousands of U.S. publicly traded securities, including stocks, bonds, and ETFs . Each token will be backed 1:1 by an underlying asset and will be freely transferable outside the U.S. The platform will also support third-party financial application development through APIs and SDKs, expanding the ecosystem for tokenized securities. 1/ Today, we’re excited to unveil a first look at the next evolution for Ondo Global Markets (Ondo GM), our RWA tokenization platform designed to enable onchain access to stocks, bonds, and ETFs. What stablecoins did for dollars, Ondo Global Markets will do for securities. pic.twitter.com/ce0PLD9kHc — Ondo Finance (@OndoFinance) February 4, 2025 The new model allows for the creation of freely transferable tokens, similar to stablecoins , to improve liquidity and accessibility in financial markets. Today’s investing experience remains burdened by high fees, limited access, transfer frictions, and platform fragmentation. Ondo ( ONDO ) believes blockchain technology can address these inefficiencies by providing a more open, efficient, and transparent system. You might also like: Binance coin’s strong year falters as 1Fuel draws capital from XRP A system that models stablecoins Originally, Ondo GM planned to tokenize securities through a fully permissioned system tied to traditional broker-dealers. However, after discussions with industry stakeholders, the company shifted to a model that mirrors stablecoins, allowing permissions at the distribution layer rather than restricting token transferability. Key features of Ondo GM include instant minting and redemption, 24/7 global access, full liquidity, built-in margin access, and onchain financial services. Investors can also opt into securities lending to generate additional yield. The platform’s blockchain-based record-keeping ensures interoperability across financial services, enabling users to borrow, trade, and manage assets without platform lock-in. You might also like: Bitcoin adoption pushed Metaplanet into Japan’s top 50, CEO says
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Small investments in cryptocurrencies like PEPE and Agent A.I. could offer massive future rewards as the market heats up. Table of Contents Agent A.I.: Where advanced AI meets meme coin mania PEPE: The meme coin that’s taking the crypto world by storm Conclusion Investing a small amount in the right cryptocurrency today could lead to significant rewards in the future. As the market heats up, certain coins may offer incredible growth potential. Among these exciting prospects are PEPE and the intriguing new project, Agent A.I., a meme coin with a twist. With the crypto landscape buzzing, the time to act could be now. Agent A.I . promises to shake things up in the digital currency space. Inspired by the massive success of coins like PEPE, this coin aims to captivate and grow its community rapidly. As it launches its presale, investors might find a golden opportunity to ride the wave. Stay informed and watch these coins closely for a chance at remarkable gains. You might also like: Big money is moving: Agent A.I., AI16Z, and TRUMP gain attention Agent A.I.: Where advanced AI meets meme coin mania Agent A.I. is shaking up the crypto world by merging powerful AI-driven functionality with the viral energy of meme coins — two of the hottest trends in blockchain today. Breaking the AI token hype cycle The rise of AI-focused cryptocurrencies has attracted a wave of interest, but many so-called AI tokens rely more on marketing than real solutions. Agent A.I. takes a different path, integrating genuine AI advancements while exposing projects that fall short on their promises. A smarter crypto-AI fusion Unlike AI tokens that use “AI” as a buzzword, Agent A.I. is designed to be an adaptive, intelligent platform with real-world applications. Its AI framework is built to: Process vast datasets in milliseconds for better decision-making. Scale computing power to rival top cloud services. Continuously learn and evolve for optimal performance. By blending AI with blockchain in a meaningful way, Agent A.I. ensures its tech remains at the forefront of the industry. A presale designed for early winners Agent A.I. is launching with a multi-stage, community-driven presale, rewarding early backers with the best entry prices. Here’s how it works: The AGNT token starts at just $0.0033 in Stage 1. Over 28 presale stages, the price rises to $0.1515. Investors in the first stage secure a massive 98% discount before public launch. Why AGNT stands out Agent A.I. isn’t just another AI meme coin — it’s a fusion of real AI utility and viral appeal built for sustained growth. With a limited presale supply and rising price tiers, early adopters have the chance to lock in substantial gains as demand surges. PEPE: The meme coin that’s taking the crypto world by storm In the early 2000s, Matt Furie’s cartoon frog, known as “Pepe the Frog,” became an internet sensation. Today, that meme has inspired a cryptocurrency called PEPE . This deflationary meme coin operates on Ethereum’s ERC-20 standard and has gained fame for its simplicity and strong community support. PEPE’s mission is straightforward and fun, mirroring its meme roots. The project’s goals are laid out in three phases: Meme, Vibe and HODL, and Meme Takeover. Unlike others that promise grand visions, PEPE keeps it real by focusing on community and enjoyment. By 2025, PEPE has seen significant price movements. It reached an all-time high of $0.00002825 on December 10, 2024. Although it faced a sharp sell-off afterward, the meme coin has shown resilience. Its volatility, with swings of over 10-20% in a day, keeps investors intrigued. Analysts are divided on PEPE’s future. Some, like Valdrin Tahiri, predict that a “meme coin season” could propel it higher. Others, like Steven Walgenbach, caution that seller pressure might drag the price down. Nonetheless, long-term forecasts are optimistic, with predictions of PEPE reaching new heights by 2030 and beyond. In the current market cycle, PEPE’s blend of meme culture and cryptocurrency continues to attract attention. Its simplicity and community focus make it a unique player among competitors like Dogecoin and Shiba Inu. Whether PEPE will soar or stumble remains to be seen, but it certainly has made its mark in the crypto world. Conclusion In conclusion, while established coins like PEPE have shown impressive gains in the past, their short-term potential may be limited as the market evolves. The focus is shifting towards unique projects that challenge conventional norms and offer fresh opportunities for growth. Agent A.I. emerges as a standout contender in this landscape. With its mission to expose fraudulent AI projects and a community-driven approach, it presents a unique proposition. The strategic presale offers significant discounts, and the well-planned tokenomics aim to foster sustained engagement. As the bullish momentum builds, Agent A.I. could be poised for remarkable success by 2025. To find out more about Agent A.I., visit the official website , Telegram and X . Read more: Pepe’s massive 2030 forecast, Agent A.I. to follow suit Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
US Stock Markets Open: S&P 500: -0.19% NASDAQ: -0.60% Dow: 0.00% ————— NFA.