Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

Long Queue at Tencent's Door to Receive "Lobster", an Heavily Advertised Exchange Accused of Being a Scam?!

BitPush News reported on several trending topics in the crypto and tech space. A notable event involved a large gathering at Tencent’s headquarters, where nearly a thousand developers and AI enthusiasts queued to install OpenClaw (also referred to as “Lobster”), an AI agent framework, with assistance from Tencent Cloud engineers. Attendees received “Lobster birth certificates,” leading to online commentary comparing the event to past promotional campaigns and speculating about Tencent’s underlying testing motives. Another topic discussed the efficiency of AI in trading, with a sarcastic post highlighting automated trading tools that facilitate rapid financial losses. The article also addressed allegations against a heavily advertised cryptocurrency exchange, accused of being a potential scam or internal manipulative platform (“内盘”). Critics claimed the platform promotes fake pre-IPO equity opportunities and described the crypto influencer landscape as an echo chamber with little genuine investor participation. Finally, the piece mentioned U.S. labor market data which showed a loss of 92,000 jobs in February and a rise in the unemployment rate to 4.4%, sparking discussions about economic health and a possible wave of layoffs.

比推03/07 01:24

Long Queue at Tencent's Door to Receive "Lobster", an Heavily Advertised Exchange Accused of Being a Scam?!

比推03/07 01:24

ChangeNOW Is Settling Crypto Swaps in Under a Minute.

Based on Swapzone's 2026 speed benchmarks, ChangeNOW has established a dominant lead in non-custodial crypto swap speeds. While the industry median for a USDT-to-ETH swap is 45 minutes, ChangeNOW completes the same transaction in under 60 seconds—a 45x difference. This speed is critical as it minimizes the risk of price movements during settlement, ensuring users get the rate they see. The company attributes its performance to infrastructure-level optimizations in liquidity routing, aiming to make near-instant settlement a new industry standard for user trust.

bitcoinist03/06 21:32

ChangeNOW Is Settling Crypto Swaps in Under a Minute.

bitcoinist03/06 21:32

6% Annualized Return: Musk Declares War on Traditional Banks

Elon Musk's X platform has launched "X Money," a financial product offering a 6% annual percentage yield (APY) on deposits, directly challenging traditional banks that offer near-zero rates. The product includes a metal debit card engraved with the user’s X handle, integrates with Visa Direct for instant transfers, and provides FDIC insurance up to $250,000 via Cross River Bank. The high yield is enabled by a low-cost, digital-native model without physical branches, leveraging X's over 500 million monthly active users. X Money threatens traditional banks, payment intermediaries like PayPal, and remittance services by potentially diverting deposits and reducing transaction fees. Regulatory hurdles remain, including pending approval in New York and compliance with the GENIUS Act, which prohibits stablecoin-related yields. The service is further integrated with Grok, X’s AI, aiming to offer real-time financial advice and seamless transactions within the platform. Success depends on regulatory clearance and effective execution, positioning X Money as a potential U.S. super-app akin to WeChat Pay.

比推03/06 15:18

6% Annualized Return: Musk Declares War on Traditional Banks

比推03/06 15:18

Ripple Prime Offers Regulated Crypto Derivatives Access Through Coinbase Futures

Ripple is expanding its institutional trading services by providing its Ripple Prime members with access to regulated crypto derivatives on Coinbase's derivatives exchange, cleared by Nodal Clear. This integration allows users to trade nano Bitcoin, nano Ethereum, XRP, and Solana futures in a CFTC-regulated environment, enabling precise risk management and global market access. The move follows Ripple’s acquisition of a Futures Commission Merchant last year, which facilitated access to Coinbase derivatives. Ripple has also become a clearing member of Nodal Clear to deepen its presence in regulated clearing systems. Additionally, Ripple recently expanded into decentralized derivatives through a partnership with Hyperliquid, offering perpetual futures and other derivatives. These developments are part of Ripple’s broader strategy to enhance its prime brokerage platform and increase institutional access to both centralized and decentralized derivatives markets.

TheNewsCrypto03/06 11:16

Ripple Prime Offers Regulated Crypto Derivatives Access Through Coinbase Futures

TheNewsCrypto03/06 11:16

MEXC Logs Strong February as New Token Listings Deliver 1,367% Average Gains and Refund-Backed Launchpad Drives Participation

MEXC, a rapidly growing cryptocurrency exchange, reported strong performance in February 2026, driven by new token listings that delivered an average peak gain of 1,367%. AI and infrastructure tokens led the surge, with POWERAI, PSAI, TONIXAI, and ESP among the top performers. Other high-gainers included MEME, CreatorFi, DeFi, DePIN, and privacy computing tokens. The month also saw the introduction of MEXC’s Loss Protection mechanism on Launchpad, which refunds users if a token falls below its listing price. This feature attracted over 21,000 participants, with subscriptions exceeding 3.13 million USDT. Additional rewards through airdrop and spin events further boosted user engagement. MEXC remains focused on expanding its listings and enhancing user protections.

TheNewsCrypto03/06 10:24

MEXC Logs Strong February as New Token Listings Deliver 1,367% Average Gains and Refund-Backed Launchpad Drives Participation

TheNewsCrypto03/06 10:24

Crypto Prices Race Back as US Job Growth and Unemployment Rate Expected to Remain Steady

Crypto prices have declined, erasing yesterday's gains, with the total market cap dropping 1.89% to $2.4 trillion. Major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) fell by 2.25% and 1.99%, respectively. This movement coincides with expectations of slowed US job growth and a steady unemployment rate of 4.3% for February. The upcoming jobs report is being closely watched for potential impacts of recent tariff policies. Furthermore, the expanding Middle East conflict has driven retail gasoline prices up by approximately 20%, raising global inflation concerns and increasing market volatility.

TheNewsCrypto03/06 09:42

Crypto Prices Race Back as US Job Growth and Unemployment Rate Expected to Remain Steady

TheNewsCrypto03/06 09:42

Recent Mass Shutdowns of DeFi Protocols: They All Have One Thing in Common

In recent months, multiple DeFi protocols have announced shutdowns, not due to exit scams but because of a lack of users, funding, or both. Projects like Angle Protocol, Polynomial, MilkyWay, and Step Finance—despite having functional products and significant past traction—were unable to sustain operations. Common challenges included an inability to attract liquidity (especially critical in derivatives), failure to achieve product-market fit, and high costs of expanding to new chains or narratives. Many teams pivoted repeatedly to chase trends like restaking or real-world assets but ran out of capital before finding sustainable demand. Others, like ZeroLend, suffered from deploying on smaller blockchains that lost liquidity during market downturns. Despite these failures, the projects shut down responsibly, allowing users to withdraw funds and avoiding reckless token launches—a sign of industry maturation compared to the reckless exits of 2022.

marsbit03/06 09:31

Recent Mass Shutdowns of DeFi Protocols: They All Have One Thing in Common

marsbit03/06 09:31

Canada’s Top 5 Bank Makes Crypto ETF Move With New Multi-Asset Fund

Scotiabank's asset management arm, Dynamic Funds, has launched the Dynamic Active Multi-Crypto ETF (DXMC) in partnership with digital asset manager 3iQ. The fund provides regulated exposure to Bitcoin, Ether, Solana, and XRP through a single product on the Cboe Canada exchange, eliminating the need for direct crypto handling. Notably, it features a competitive management fee of 0.25%, reduced from the initially proposed 0.45%. The inclusion of Solana and XRP signals growing institutional acceptance, particularly for XRP following its legal challenges. The launch occurs amid reports of 3iQ's impending acquisition by Japanese exchange Coincheck. This move marks a major Canadian bank's entry into the multi-asset crypto ETF space, expanding accessible crypto investment options within the traditional regulated system.

bitcoinist03/06 09:19

Canada’s Top 5 Bank Makes Crypto ETF Move With New Multi-Asset Fund

bitcoinist03/06 09:19

After the Valuation Collapse: The Crypto Market Enters the 'Revenue Pricing' Era

The crypto market is shifting from speculative narratives to a focus on real revenue generation, entering an "earnings-based valuation" era. Despite industry-wide fear and declining sentiment, crypto-native protocols have generated $74.8 billion in fees since 2018, with nearly half ($31.4 billion) occurring between January 2024 and June 2025. However, valuations have collapsed as novelty premiums fade. Key trends include: - **Stablecoin dominance**: Tether and Circle now account for 34.3% of all fees, benefiting from global demand and near-zero marginal costs. - **Trading platforms surge**: Meme coin trading and perpetual exchanges (e.g., Hyperliquid, Jupiter) grew from 1% to over 15% of total revenue by 2025, driven by consumer demand for high-risk, high-reward products. - **Protocol decline**: Layer 1 and Layer 2 tokens (e.g., Solana, Arbitrum) saw price-to-fee ratios drop sharply as infrastructure matured and competition increased. The median monthly revenue per protocol fell to $13,000. - **Valuation rationalization**: The average price-to-sales ratio for crypto assets compressed from 40,400x in 2020 to 170x today, aligning with or below traditional financial infrastructure multiples (e.g., Visa at 15x P/S). Protocols like Aave (4x P/S) and Hyperliquid (7x P/S) now trade at reasonable valuations. The era of building pure infrastructure is over. Success requires business models with real revenue, clear moats (first-mover advantage, liquidity, or distribution), and tokens that offer actual economic rights and governance—not just speculative value.

比推03/06 09:10

After the Valuation Collapse: The Crypto Market Enters the 'Revenue Pricing' Era

比推03/06 09:10

Gen-Z now drives 72% of P2P crypto payments – Report

A new report from crypto exchange NoOnes reveals that Generation Z is the dominant force in peer-to-peer (P2P) crypto payments, accounting for 72% of all transfers. Millennials follow at 24%, while Gen X trails significantly at 4%. Regionally, Asia leads in P2P usage (74%), followed by Latin America (62%) and Africa (54%), with Europe and North America showing the lowest adoption rates. This trend aligns with broader crypto adoption, where the APAC region saw a massive surge in activity. The report notes that younger generations are more receptive to new technologies, and the convenience of mobile security features is driving usage. However, despite this strong adoption, P2P payment growth is being outpaced by crypto card payments, which surged 106% to $1.6 billion in the last three years compared to just 5% for P2P. While P2P is the second most dominant stablecoin payment method by value after B2B, cards are a strong third. The findings suggest that for crypto firms to scale, a mobile-first strategy is essential.

ambcrypto03/06 08:02

Gen-Z now drives 72% of P2P crypto payments – Report