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BNB Chain News: Sector Market Cap Grows $9.2B as Fermi Upgrade Goes Live
Yahoo Finance· 2026-01-14 16:50
TL;DR: BNB Chain market capitalization grew by $9.2 billion over the last week. Native BNB token surged 5%, briefly testing major psychological price resistance levels. On-chain activity climbed significantly, though DEX market share lost ground to Ethereum. Things are heating up in the crypto market. Bitcoin (BTC) just hit its highest value in three months at over $96,000, core CPI came in lower than expectations, and fear has almost evaporated from the market. Several market cycle indicators ...
BNB Chain Hits 0.45s Block Times with Fermi Hard Fork to Rival High-Speed Chains
Yahoo Finance· 2026-01-14 15:17
BNB Chain completed its “Short Block Interval Roadmap” on Jan. 14 with the successful activation of the Fermi hard fork. The milestone marks the transition from the Maxwell block time reduction of 0.75 seconds to a new 0.45-second production speed. This technical achievement brings the Ethereum-compatible environment closer to the physical limits of global block propagation. The upgrade focused on making the network faster in a predictable way as usage grows. By shortening the block interval, BNB Chain t ...
Algorand Foundation returns to U.S. amid friendlier crypto regulation under Trump
Yahoo Finance· 2026-01-14 14:00
The Algorand Foundation said it will re-establish its headquarters in the United States, returning to Delaware from Singapore as part of a broader restructuring that includes the appointment of a new board of directors, the organization said in a press release Wednesday. The nonprofit, which supports development of the Algorand blockchain, said the move reflects a renewed emphasis on U.S. operations as it expands work on areas such as payments infrastructure, asset tokenization and other blockchain-based ...
Polygon CEO explains strategy behind $250M acquisition of Coinme, Sequence
Yahoo Finance· 2026-01-13 17:17
Polygon Labs announced on Jan. 13 that it has entered definitive agreements to acquire crypto payment firm Coinme and wallet infrastructure provider Sequence. The dual acquisition is worth more than $250 million. The plan aims to deliver three pillars of the forthcoming Polygon Open Money Stack, namely physical and digital fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration through intents. Polygon Labs is a blockchain technology company that develops and maintains Polygon, an E ...
AppYea Enters Commercial Execution Phase with Appointment of Techlott Founder Mark Katzenelson as President and Board Member
Prnewswire· 2026-01-13 14:24
JERUSALEM, Jan. 13, 2026 /PRNewswire/ -- AppYea, Inc. (OTCQB: APYP) ("AppYea" or the "Company") today announced a key leadership appointment supporting its ultimate transition into commercial execution and institutional deployment. Mark Katzenelson, Founder of Techlott and architect of the Company's core blockchain technology, has been appointed President of AppYea and elected to its Board of Directors. The appointment follows the recent designation of Ben Harris as Chief Technology Officer and completes a ...
Polygon targets stablecoin payments with deals worth $250 million
Yahoo Finance· 2026-01-13 14:05
Core Insights - Polygon Labs is acquiring Coinme and Sequence for over $250 million to enhance its capabilities in stablecoin-based transactions [1][2] - The company aims to become a regulated U.S. payments player, initially focusing on business-to-business payments with plans to expand into consumer services later [2] Group 1: Acquisitions and Strategy - The acquisitions of Coinme and Sequence are intended to consolidate fragmented infrastructure for stablecoin transactions and expand Polygon's market reach [2] - Polygon's CEO emphasized that the company's strategy will focus on partnerships rather than direct competition with established players like Visa and Mastercard [3] Group 2: Company Backgrounds - Coinme, founded in 2014, enables users to convert cash to cryptocurrency and has notable investors including Pantera, Digital Currency Group, and Circle [4] - Sequence provides technology to facilitate crypto transfers across different blockchains and has received backing from Brevan Howard Digital and Coinbase [4]
SonicStrategy Reports Total Network Exposure of 177.6 Million Sonic Tokens
TMX Newsfile· 2026-01-13 13:50
Core Insights - SonicStrategy Inc. has reported significant growth in its validator scale and token exposure as of January 11, 2026, with a total of 177.6 million Sonic tokens across various holdings and strategies [3][4][5] Company Validator Scale and Token Exposure - The company's Sonic validators hold 138.4 million self-staked Sonic tokens, valued at approximately $11.8 million USD (about $16.2 million CAD) [3] - Total Sonic network exposure, including third-party delegations, is approximately 177.6 million Sonic tokens, representing a value of $15.1 million USD (CAD $20.8 million) [3][4] - The company operates two validators: the first holds 33.2 million Sonic tokens (3 million self-staked and 30.2 million third-party delegated), while the second holds 135.6 million Sonic tokens (126.6 million self-staked and 9 million third-party delegated) [4] Yield and Revenue Generation - SonicStrategy currently earns an annual yield of 5.69%, resulting in approximately 7,379,146 Sonic tokens per year, equivalent to $627,227 USD at the current price of $0.085 USD [5] - An additional 39,203,705 Sonic tokens have been delegated by third parties, generating 334,606 Sonic tokens annually for the company, reflecting 15% of the total rewards [5] - The company expects to generate a total of 7,713,752 Sonic tokens per year, representing approximately $655,669 USD in annual staking revenue [5] Operational Efficiency - SonicStrategy operates its validator nodes directly, with Sonic Labs providing hosting and infrastructure support at no cost, resulting in no direct expenses for hardware or data center operations [6] - The company emphasizes its independence from Sonic Labs, noting that there is no binding commercial agreement between the two parties [6] Company Overview - SonicStrategy Inc. is a publicly traded digital asset infrastructure company that operates validator, staking, and decentralized finance infrastructure across the Sonic blockchain and other digital asset networks [7]
Polygon Labs buys two crypto startups for $250 million as it looks to compete with Stripe
Yahoo Finance· 2026-01-13 13:30
Core Insights - Polygon Labs has acquired crypto startups Coinme and Sequence for over $250 million to enhance its stablecoin strategy [1][2] - The acquisitions position Polygon Labs in competition with fintech giant Stripe, which has also been expanding its stablecoin and blockchain capabilities [3][4] Group 1: Acquisitions - The total purchase price for Coinme and Sequence exceeds $250 million, but specific amounts for each acquisition remain undisclosed [1] - Coinme specializes in converting cash to crypto and operates crypto ATMs, while Sequence focuses on blockchain infrastructure and crypto wallets [2] Group 2: Competitive Landscape - Polygon Labs' acquisitions are seen as a strategic move to compete with Stripe, which has been acquiring stablecoin and crypto wallet firms [3] - Polygon's approach is described as a "reverse Stripe," as it is building on its existing blockchain network by acquiring startups, unlike Stripe, which first acquired startups before developing its blockchain [4] Group 3: Market Context - The push into stablecoins by Polygon Labs aligns with a growing interest in cryptocurrencies pegged to real-world assets, especially following new regulatory developments [5] - Polygon aims to leverage its established network on Ethereum and has made significant investments in the payments sector, including hiring Stripe's former head of crypto [6]
Polygon Foundation CEO Touts 'Benefits' of Holding POL as Active Addresses Slide
Yahoo Finance· 2026-01-12 17:22
The CEO of the Polygon Foundation released a primer Friday explicitly outlining the value accrual mechanisms for the network’s native token, POL, framing it as a direct beneficiary of the ecosystem's growth. Sandeep Nailwal said that his tweet was intended to “explicitly restate what has always been true: If Polygon Chain and Agglayer succeed, then POL holders benefit. Full stop.” Following Nailwal’s tweet, POL hit a weekend high of $0.1842, before erasing the lion's share of its gains with a drop of 6. ...
Sharps Technology Taps Coinbase to Launch Solana Validator
Yahoo Finance· 2026-01-12 16:01
Sharps Technology has taken a vital step into blockchain infrastructure with the launch of a Solana validator. As detailed, it will be leaning on Coinbase to handle operations as the medical device company shifts from holding digital assets to supporting the network itself. Coinbase Takes Lead in Validator Operations The Solana validator was launched through Coinbase Institutional, which will operate and maintain it using its existing infrastructure. Coinbase is responsible for uptime, security, and day- ...