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02:38
Visa's Stablecoin Settlement Pilot Project Reaches $3.5 Billion in Annualized Settlement Volume
BlockBeats News, December 19, Visa's Head of Product and Strategy, Jack Forestell, announced that Visa's stablecoin settlement pilot project has reached an annualized settlement volume of $3.5 billion. Through a partnership with Circle, Visa's U.S. card-issuing and acquiring bank partners can achieve 7-day-a-week settlement.
02:34
Decentralized derivatives protocol Synthetix officially launches perpetual contract DEX on Ethereum mainnet
BlockBeats News, December 19, decentralized derivatives protocol Synthetix announced the launch of its perpetual contract DEX on the Ethereum mainnet, adopting a hybrid CLOB model with on-chain asset custody and off-chain matching to bypass mainnet latency and high gas costs. The first batch supports BTC, ETH, and SOL perpetual contracts, with up to 50x leverage, and plans to introduce multi-collateral margin, RWA support, and incentive programs. The platform's market making and liquidity are provided by SLP Vault. Synthetix aims to become the first successful CLOB perp trading platform on the Ethereum mainnet.
02:33
Jump Trading sued for involvement in Terraform Labs collapse, with $4 billion in claims
According to TechFlow, on December 19, The Wall Street Journal reported that the administrator of Terraform Labs has filed a lawsuit against Jump Trading, accusing the company of participating in the collapse of Do Kwon's crypto empire. The lawsuit seeks $4 billion in damages, with the defendants including Jump Trading and its executives William Disomma and Kanav Kariya.
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