Multi-Chain Decentralized Over-Collateralized Stablecoin USDD Debuts at 2026 Istanbul Blockchain Week

marsbitPublished on 2026-06-02Last updated on 2026-06-02

Abstract

On June 2, 2026, the Istanbul Blockchain Week (IBW) commenced at the Istanbul Bomonti Hilton Hotel & Conference Center. During this major two-day Web3 industry event, the multi-chain over-collateralized decentralized stablecoin USDD made its appearance. USDD, in partnership with TRON, established a joint exhibition booth to showcase the latest developments in stablecoin and Web3 ecosystems to attendees. The event, now in its fifth year and organized by EAK Digital, focused on key topics including Real World Asset tokenization (RWA), Artificial Intelligence (AI), stablecoins, regulatory compliance, privacy protection, and Decentralized Finance (DeFi). It attracted numerous leading global Web3 institutions, industry leaders, and innovative projects. USDD aims to leverage this platform to deepen connections with global Web3 resources and further empower its global ecosystem expansion and application adoption.

On June 2, the 2026 Istanbul Blockchain Week (IBW) officially opened at the Hilton Istanbul Bomonti Hotel & Conference Center. The conference, spanning two days, will continue until June 3. The multi-chain decentralized over-collateralized stablecoin USDD made its appearance at this event, joining forces with TRON to set up a joint exhibition booth on-site, showcasing the latest developments in the stablecoin and Web3 ecosystem to attendees. Leveraging this premier industry gathering, USDD aims to further strengthen its deep connections with global Web3 resources, continuously empowering the global expansion and practical application of its ecosystem.

It is reported that IBW, organized by EAK Digital, has now successfully reached its fifth edition and is a globally renowned Web3 industry event. This year's conference focused on key topics such as real-world asset tokenization (RWA), artificial intelligence (AI), stablecoins, regulatory compliance, privacy protection, and decentralized finance (DeFi), attracting participation from numerous leading global Web3 institutions, industry leaders, and innovative projects.

The White House's "Exclusive" Teleprompter Operator Makes Over $100,000 by Profiting from Insider Information Predictions

"White House Speech Prompt Operator Earns Over $100,000 Using Insider Information on Prediction Markets" U.S. White House staffer Gabriel Perez, a long-time teleprompter operator for former President Donald Trump, has been suspended without pay for using non-public information to profit on prediction markets. As one of the few individuals with advance access to Trump's prepared speech texts, Perez placed bets on specific words or phrases Trump would mention in speeches over a three-month period, earning over $100,000. His activities were flagged by the prediction platform Kalshi, which froze over $90,000 in his account and reported him to the Commodity Futures Trading Commission (CFTC). While Perez avoided criminal charges, he is required to return his profits and cease such trading. This case marks the third major instance of insider trading on prediction markets involving government or corporate insiders, following earlier cases involving a special forces soldier and a Google engineer. The incident highlights the vulnerability of "mention" markets on prediction platforms, where individuals with advance knowledge or even the speakers themselves can easily manipulate outcomes. In response, platforms like Kalshi are tightening rules, now requiring users to disclose their employers to help prevent similar abuses.

marsbit4m ago

The White House's "Exclusive" Teleprompter Operator Makes Over $100,000 by Profiting from Insider Information Predictions

marsbit4m ago

White House 'Exclusive' Teleprompter Operator Cashes in Over $100,000 Using Insider Information for Predictions

The White House is embroiled in another insider trading scandal, this time involving a teleprompter operator for former President Trump. Gabriel Perez, a longtime aide who controlled Trump's speech teleprompters, used his advance knowledge of speech content to profit over $100,000 on prediction markets like Kalshi by betting on which specific words Trump would mention. After Kalshi's monitoring systems flagged suspicious trading activity and froze his funds, the case was referred to the CFTC. Perez was suspended without pay by Trump, who called his actions "disgusting." Unlike previous insiders prosecuted in similar cases, Perez faced no criminal charges, only a CFTC settlement requiring him to return profits and cease such trading. The article highlights how "mention" markets are uniquely vulnerable to manipulation by insiders or even the speakers themselves, citing examples like a Grammy host jokingly saying a random word and a Coinbase CEO reading all prediction market options aloud. As prediction markets like Kalshi tighten compliance—such as requiring users to disclose employers—the piece argues this crackdown on insider trading, while promoting regulatory compliance, may move these markets further from "collective wisdom" and closer to being pure gambling venues.

Odaily星球日报8m ago

White House 'Exclusive' Teleprompter Operator Cashes in Over $100,000 Using Insider Information for Predictions

Odaily星球日报8m ago

Bitcoin Mining Farms Are Becoming AI Factories

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链捕手21m ago

Bitcoin Mining Farms Are Becoming AI Factories

链捕手21m ago

Morpho Launches Fixed-Rate Product Midnight: Lenders and Borrowers Set Their Own Rates, Ending the Era of Interest Rate Models

Morpho Launches Fixed-Rate Product Midnight: Lenders and Borrowers Set Their Own Rates, Ending the Era of Algorithmic Interest Models On-chain lending has grown to $60 billion but remains minuscule compared to traditional finance's $200 trillion annual credit volume. Morpho identifies the lack of fixed rates and maturity dates as key bottlenecks. Institutions need predictability, not the passive floating rates set by algorithmic models. Midnight allows lenders and borrowers to directly quote rates, set terms, and become price makers, not takers. Fixed-rate lending is now viable due to cheaper, faster blockchains and the entry of institutions demanding control and certainty over returns, costs, and duration. Morpho Blue previously gave users control over risk; Midnight adds control over interest rates. Past attempts at on-chain fixed-rate lending failed primarily because they were built on top of floating-rate pools (creating unpredictability) or lacked sufficient active participants. Midnight avoids these pitfalls as a standalone primitive with fixed rates at its core, built upon Morpho Blue's existing large and active user base. Midnight offers distinct value: institutions gain predictable term structures and full control; fintech companies can offer tailored fixed-rate products; lenders/borrowers achieve predictability and efficiency; and curators can now differentiate by configuring both risk and interest rates. Morpho Midnight is not a replacement for Morpho Blue. The Morpho network will now feature two complementary market structures: floating-rate/open-term (Blue) for flexibility and fixed-rate/fixed-term (Midnight) for predictability. Liquidity can flow between them. The launch will be gradual, prioritizing security. Initially, it will support direct lending on Base network with one trading pair (cbBTC/USDC) and limited maturity dates. Advanced features like auto-rollovers will be introduced later.

marsbit22m ago

Morpho Launches Fixed-Rate Product Midnight: Lenders and Borrowers Set Their Own Rates, Ending the Era of Interest Rate Models

marsbit22m ago

Crypto payments for gray-market peptides up by 700% in a year – Details

The use of cryptocurrency payments, primarily Bitcoin and stablecoins, for gray-market peptides in the United States surged by 700% in a year, according to a recent report. These peptides, often sold as wellness or anti-aging aids, exist in a regulatory gray area. Facing tighter restrictions from traditional banks, vendors increasingly accept crypto, with some Chinese suppliers accepting only Bitcoin. This has attracted mainstream consumers seeking cheaper access, even those new to cryptocurrency. Data from Chainalysis shows gray-market peptide vendors received $32 million in crypto in Q1 2026, projecting an annual run rate over $100 million. TRM Labs noted a similar trend, estimating $41.4 million in crypto inflows to Chinese peptide sellers in 2025. Analysts highlight this involves many first-time crypto users, distinct from historical darknet market activity, and underscores crypto's role in facilitating cross-border value transfer. This growth occurred alongside a broader downturn in general retail crypto transaction volumes in early 2026.

ambcrypto52m ago

Crypto payments for gray-market peptides up by 700% in a year – Details

ambcrypto52m ago

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