Consensys to Spin Off MetaMask as Independent Company Under Joe Lubin

·1 views

Blockchain software firm Consensys is restructuring by splitting MetaMask into a standalone company. The existing entity, Consensys Software Inc., will be rebranded under the MetaMask name. Ethereum co-founder Joe Lubin will serve as both chairman and CEO of the newly branded firm. The company has not made any statements regarding a potential IPO amid the reorganization.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Dollar Dominates Euro 300-to-1 Onchain Despite Near-Parity Offchain

A report by Ryan Connor of RockawayX highlights a stark disparity between the dollar and euro in the crypto economy. While the dollar leads the euro roughly 3-to-1 in traditional finance, the gap widens to over 300-to-1 in onchain activity. Euro-pegged stablecoins currently account for just €711 million, representing less than 1% of total stablecoin supply. Connor attributes this imbalance to historical path dependency and an underdeveloped euro-denominated DeFi infrastructure. However, he suggests that MiCA-regulated stablecoin issuance and the emergence of euro vault rails could begin to close the gap.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Kalshi Election Market Data Now Available on DoubleZero Before Midterms

Prediction market platform Kalshi has made its election market data live on the DoubleZero network ahead of the upcoming U.S. midterm elections. The integration provides institutional and automated traders with access to full-depth order books from Kalshi's political prediction markets. DoubleZero is a high-performance data infrastructure network designed to serve professional and algorithmic trading participants. The move signals growing institutional interest in political prediction markets as a tradable asset class.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

PayPal launches PYUSD developer platform for custom stablecoin issuance

PayPal has unveiled PYUSDx, a new developer platform designed to enable custom stablecoin token issuance built on its PayPal USD (PYUSD) stablecoin. The platform was developed in partnership with blockchain infrastructure firm M0 and crypto payments company MoonPay. PYUSDx is intended to expand the utility and reach of PayPal's stablecoin by giving developers tools to create and deploy their own tokens. The move signals PayPal's broader ambition to deepen its presence in the digital assets and stablecoin infrastructure space.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Hunter Biden-themed LAPTOP token crashes 98% within an hour of launch

A cryptocurrency token called LAPTOP, themed around Hunter Biden's laptop controversy, debuted with a valuation of $1.6 billion before collapsing nearly 98% in value within an hour. The token's price swung dramatically from $190 to under $4 within minutes of opening on Base, a blockchain network. Onchain records revealed that tokens had been pre-distributed to market makers for approximately a week before public trading began. The rapid collapse has raised concerns about potential manipulation surrounding the token's launch.

0 comments Read more at CoinDesk