{"id":15001,"date":"2024-07-06T19:00:00","date_gmt":"2024-07-06T16:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/sonys-crypto-exchange-animocas-ipo-plans-and-other-industry-developments\/"},"modified":"2024-07-06T19:00:00","modified_gmt":"2024-07-06T16:00:00","slug":"sonys-crypto-exchange-animocas-ipo-plans-and-other-industry-developments","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sonys-crypto-exchange-animocas-ipo-plans-and-other-industry-developments\/","title":{"rendered":"Sony&#8217;s Crypto Exchange, Animoca&#8217;s IPO Plans, and Other Industry Developments"},"content":{"rendered":"<p>We have compiled the most significant news from the crypto industry over the past two weeks.<\/p>\n<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Stripe to expand USDC support on Coinbase&#8217;s Base network.<\/li>\n<li>Media reports suggest mining company Genesis Digital Assets is considering a US IPO.<\/li>\n<li>Sony to launch a cryptocurrency exchange in Japan.<\/li>\n<li>Tether has agreed to implement USDT on TON for social security payments in the Philippines.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Stripe to Expand USDC Support on Coinbase&#8217;s Base Network<\/strong><\/h2>\n<p>Bitcoin exchange Coinbase and payment company Stripe have formed a partnership that will allow clients of both platforms to convert fiat into cryptocurrencies.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Crypto is back. <a href=\"https:\/\/twitter.com\/stripe?ref_src=twsrc%5Etfw\">@Stripe<\/a> will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist <a href=\"https:\/\/t.co\/hws2OsU3Id\">https:\/\/t.co\/hws2OsU3Id<\/a> and watch the demo (h\/t <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\">@Solana<\/a>) from Sessions. <a href=\"https:\/\/t.co\/zGKYW2FM6i\">pic.twitter.com\/zGKYW2FM6i<\/a><\/p>\n<p>\u2014 John Collison (@collision) <a href=\"https:\/\/twitter.com\/collision\/status\/1783559623511011535?ref_src=twsrc%5Etfw\">April 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The collaboration means that the stablecoin USDC will be available within Stripe&#8217;s crypto payments framework. This will expedite cross-border money transfers and settlements in the equivalent of national currencies of 150 countries.<\/p>\n<p>The &#8220;stablecoin&#8221; will also be included in Stripe&#8217;s program for converting fiat to cryptocurrencies, easing onboarding.<\/p>\n<p>Coinbase will undertake similar actions to enable payment company users to purchase digital assets using credit cards and Apple Pay.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Media: Mining Company Genesis Digital Assets Considers US IPO<\/strong><\/h2>\n<p>Mining company Genesis Digital Assets is consulting with advisors regarding a potential <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span>. This is reported by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-02\/alameda-backed-miner-genesis-digital-assets-said-to-weigh-us-ipo?embedded-checkout=true\">Bloomberg<\/a>, citing informed sources.<\/p>\n<p>According to the agency, going public may precede a funding round in the coming weeks.<\/p>\n<p>The company received investments totaling over $1 billion from Sam Bankman-Fried&#8217;s Alameda Research, with a valuation of $5.5 billion in April 2022.<\/p>\n<p>According to the company, the total capacity of its 20 sites exceeds 500 MW.<\/p>\n<p>Animoca Brands is considering similar IPO plans for 2025, <a href=\"https:\/\/www.theinformation.com\/articles\/animoca-brands-looks-to-crypto-friendly-markets-for-potential-2025-listing\">exploring<\/a> Hong Kong or the Middle East for listing. Four years ago, the <span data-descr=\"Australian Securities Exchange\" class=\"old_tooltip\">ASX<\/span> delisted the company&#8217;s shares due to concerns about its financial reporting.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Sony to Launch Cryptocurrency Exchange in Japan<\/strong><\/h2>\n<p>Sony Group&#8217;s firm Sony Quetta Web will <a href=\"https:\/\/prtimes.jp\/main\/html\/rd\/p\/000000087.000042886.html\">rebrand<\/a> the cryptocurrency exchange WhaleFin (formerly DeCurret), acquired in August 2023.<\/p>\n<p>The platform will be renamed S.BLOX. It is expected to collaborate with other Sony Group companies.<\/p>\n<p>The update includes a redesign of the interface and a mobile app update. The exact launch date for S.BLOX has not yet been announced.<\/p>\n<p>Among Sony&#8217;s other Web3 initiatives is the creation of its own public blockchain network.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Philippines to Implement USDT on TON for Social Security Payments and Launch Educational Initiative in Turkey<\/strong><\/h2>\n<p>Tether has partnered with trading and infrastructure company Uquid to allow Filipino citizens to pay social security contributions using USDT on TON.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Pay Social Security System contributions with USD\u20ae on <a href=\"https:\/\/twitter.com\/ton_blockchain?ref_src=twsrc%5Etfw\">@ton_blockchain<\/a> via <a href=\"https:\/\/twitter.com\/uquidcard?ref_src=twsrc%5Etfw\">@uquidcard<\/a> in Philippines?? <a href=\"https:\/\/t.co\/8WJyNVH0ux\">pic.twitter.com\/8WJyNVH0ux<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1807685715217506410?ref_src=twsrc%5Etfw\">July 1, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Uquid is a leading decentralized commercial infrastructure platform utilizing DeFi and blockchain technology to offer cryptocurrency payments. According to the company, its services are used by 260 million clients.<\/p>\n<p>Separately, Tether has <a href=\"https:\/\/tether.io\/news\/tether-signs-mou-with-btguru-to-drive-digital-asset-education-in-turkiye\/\">signed<\/a> a memorandum of understanding with BTguru to advance digital asset education in Turkey.<\/p>\n<p>The collaboration aims to evaluate the development of comprehensive programs to familiarize with the benefits of blockchain technology and to leverage BTguru&#8217;s connections to facilitate engagement with institutions in Turkey.<\/p>\n<p>Additionally, the parties will explore asset tokenization scenarios for banks and assess the potential of regional payment networks using Btguru Core.<\/p>\n<p>Meanwhile, Binance has <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/updates-to-binance-s-services-in-turkey-under-the-new-crypto-regulations-653d43c0083047beab4e1f6efcc48b30\">announced<\/a> changes for Turkish users in response to the evolving regulatory framework in the country.<\/p>\n<p>The changes include:<\/p>\n<ul class=\"wp-block-list\">\n<li>phasing out the Turkish language over three months on Binance.com;<\/li>\n<li>ceasing all marketing activities for local users.<\/li>\n<\/ul>\n<p>According to these rules, the Binance.com site will remain accessible from Turkey, the organization explained.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Key DeFi Segment Metrics<\/strong><\/h2>\n<p>The total value locked (TVL) in DeFi protocols has decreased to $93.2 billion. Lido remains the leader with $28.9 billion. EigenLayer is second ($14.5 billion), followed by Aave ($11.2 billion).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1094.webp\" alt=\"1-1094\" class=\"wp-image-236397\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/defillama.com\/\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>TVL in Ethereum applications <a href=\"https:\/\/defillama.com\/chain\/Ethereum?tvl=true\">has grown<\/a> to $51.3 billion. Trading volume on decentralized exchanges (DEX) over the past 30 days <a href=\"https:\/\/dune.com\/hagaetc\/dex-metrics\">has surged<\/a> to $117.3 billion.<\/p>\n<p>Uniswap continues to dominate the non-custodial exchange market, accounting for 52.2% of total turnover. The second largest DEX by trading volume is PancakeSwap (17%), followed by Curve (5.2%).<\/p>\n<p>Also on ForkLog:<\/p>\n<ul class=\"wp-block-list\">\n<li>Solana exchange Zeta Markets to distribute 100 million tokens in an airdrop.<\/li>\n<li>ConsenSys acquired Wallet Guard to enhance MetaMask user protection.<\/li>\n<li>Aave developers released the GHO stablecoin on the Arbitrum network.<\/li>\n<li>Former top executives from Apple, Google, Meta, Tesla, and X joined Worldcoin.<\/li>\n<li>HashKey launched a 10 million HSK airdrop via a &#8220;tap&#8221; in Telegram.<\/li>\n<li>Uniswap Wallet to add fiat support through partnership with Transak.<\/li>\n<li>TVL of the Pendle protocol plummeted by 40% following airdrops in the LRT segment.<\/li>\n<li>Circle became the first to receive a license to issue stablecoins under MiCA.<\/li>\n<li>Court allowed consideration of most SEC claims against Binance.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\"><strong>What to Read Over the Weekend?<\/strong><\/h2>\n<p>Every bull market brings with it amusing yet questionable trends that some still manage to profit from. In 2021, it was the NFT craze; in the current cycle, it&#8217;s meme tokens.<\/p>\n<p>Now, a new leader has emerged in the segment \u2014 Hamster Kombat, which has spawned numerous memes and funny videos. In a special ForkLog article, we delve into the features, advantages, and disadvantages of the game that even your grandmother has heard about.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have compiled the most significant news from the crypto industry over the past two weeks. Stripe to expand USDC support on Coinbase&#8217;s Base network. Media reports suggest mining company Genesis Digital Assets is considering a US IPO. Sony to launch a cryptocurrency exchange in Japan. Tether has agreed to implement USDT on TON for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1232,1233],"class_list":["post-15001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-industry-digest","tag-industry-digests"],"aioseo_notices":[],"amp_enabled":true,"views":"56","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15001"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15000"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}