Latest news with #EVM-compatible
Yahoo
12-06-2025
- Business
- Yahoo
Bitcoin-Based Stablecoin Network Plasma Raises Deposit Cap to $1B, Gets Filled in 30 Minutes
Stablecoin-focused blockchain Plasma raised its deposit cap to $1 billion early Thursday — and hit that limit within 30 minutes. The new cap marks a doubling from the prior $500 million ceiling, which had itself been raised just days earlier following a community-driven outcry over bot activity and rapid sellout times. Plasma said the short-notice announcement was designed to give real users, such as those active in its Discord, a fairer shot at joining. But it's not a token sale just yet. 'Deposits are not the sale itself,' Plasma clarified in a post. 'All funds remain fully owned by depositors and will be bridged to Plasma mainnet beta.' Participants earn the right to buy into the eventual $50 million XPL public sale based on how many units they've locked up by the cutoff. The sale is valued at $500 million on a fully diluted basis. Earlier this week, the project — which aims to bring native stablecoin functionality to Bitcoin through an EVM-compatible sidechain — saw its initial $500 million cap fill in just five minutes, according to Arkham data. That figure was ten times what Plasma initially planned, indicative of massive investor appetite for stablecoin infrastructure. The team behind Plasma has positioned its chain as a way to sidestep Ethereum's high fees and congestion by building a zero-gas environment for stablecoin transactions while being anchored to Bitcoin's security model. USDT will be the first supported asset, with more expected to in to access your portfolio
Business Wire
10-06-2025
- Business
- Business Wire
Little Pepe Launch Brings a New Phase of Meme Utility with a Focus on Decentralised Blockchain Innovation
DUBAI, United Arab Emirates--(BUSINESS WIRE)--The decentralised finance (DeFi) space is witnessing a new chapter in meme innovation with the launch of Little Pepe ($LILPEPE), a Layer 2 blockchain project designed to blend meme culture with genuine utility. With a focus on speed, low fees, and scalability, Little Pepe introduces a practical application for meme tokens—offering more than just virality. While the cryptocurrency space has seen a surge in meme-driven assets, most lack long-term sustainability, practical features, or structured growth plans. The project aims to change that narrative with a Layer 2 ecosystem that combines the humour and cultural resonance of meme coins with real DeFi tools, decentralised governance, and an expanding suite of blockchain utilities. Launching Today: The Little Pepe Vision Set to begin its presale on June 10, 2025, Little Pepe introduces a fresh approach to the meme coin sector. At its core is a zero-tax, EVM-compatible Layer 2 chain purpose-built for meme token launches, staking, and community participation. With sniper bot protection and contributions from seasoned crypto professionals, the project is positioned to drive innovation in the growing meme market. At launch, the project will be listed on two centralised exchanges, with plans to expand further in the coming months. Its long-term roadmap also includes developing a dedicated meme-focused launchpad, a reward system for long-term holders, and ongoing Layer 2 enhancements for developers and users alike. Meme Coin Utility with Real Blockchain Infrastructure Unlike traditional meme tokens that exist purely for speculation or entertainment, Little Pepe introduces actual functional value. It allows users to stake $LILPEPE, participate in farming mechanisms for passive income, and engage in community governance where holders can vote on proposals and shape the project's direction. Built on a secure, scalable Layer 2 blockchain, it supports fast, low-cost transactions—making it ideal for meme projects that require frequent, small-volume trading and high engagement. The infrastructure also supports the development of decentralised apps (dApps) that embrace meme culture and user-centric utility. The Little Pepe Roadmap: From Concept to Ecosystem The project's journey is structured into clear phases that reflect its evolution: Pregnancy – 'Cooking in the Crypto-Womb' : Prior to launch, Little Pepe gained traction through community-led discussions, stealth partnerships, and a growing presale waitlist. The groundwork was laid with careful attention to ecosystem design and long-term viability. : Prior to launch, Little Pepe gained traction through community-led discussions, stealth partnerships, and a growing presale waitlist. The groundwork was laid with careful attention to ecosystem design and long-term viability. Birth – 'It's a Boy! And He's Blockchain-Ready' : With the official launch, Little Pepe makes its debut on key exchanges alongside a strategic marketing campaign. The goal is to drive widespread awareness while reinforcing its core message: meme coins can offer both entertainment and utility. : With the official launch, Little Pepe makes its debut on key exchanges alongside a strategic marketing campaign. The goal is to drive widespread awareness while reinforcing its core message: meme coins can offer both entertainment and utility. Growth – 'From Baby Meme to Meme Machine': As the project gains adoption, Little Pepe will continue to expand its ecosystem with staking rewards, new DeFi integrations, and development tools for creators. The ambition is to enter the top 100 projects by market cap and establish itself as a leading force in the meme coin sector. Tokenomics: Designed for Growth and Stability The $LILPEPE token has a total supply capped at 100 billion tokens, allocated strategically to support various project needs and ensure long-term sustainability: 26.5% Presale – To be distributed across multiple phases, providing early supporters with access before exchange listings. – To be distributed across multiple phases, providing early supporters with access before exchange listings. 30% Development & Reserves – For core infrastructure, Layer 2 upgrades, and ecosystem funding. – For core infrastructure, Layer 2 upgrades, and ecosystem funding. 10% Liquidity – Ensuring smooth trading and price stability. – Ensuring smooth trading and price stability. 10% DEX Listings & Market Making – For decentralised exchange availability and token liquidity. – For decentralised exchange availability and token liquidity. 10% Marketing – Driving adoption through global outreach, influencers, and campaign activities. – Driving adoption through global outreach, influencers, and campaign activities. 13.5% Staking & Rewards – Incentivising holders through reward mechanisms and yield opportunities. Importantly, Little Pepe introduces zero buy and sell tax, supporting frictionless trading and reinforcing the project's decentralised ethos. Presale and Funding Objectives The presale aims to raise $12 million, with an offering of 26.5 billion $LILPEPE tokens. The initial price is set at $0.0015, increasing in later phases to $0.0025. This phased pricing structure offers incentives for early participation while supporting a stable launch trajectory. Following the presale, $LILPEPE will be made available on centralised and decentralised exchanges, opening access to a wider crypto audience and building momentum for further ecosystem development. Looking Ahead With its Layer 2 architecture, vibrant branding, and user-driven governance model, Little Pepe is well-positioned to redefine the future of meme tokens. The project combines cultural relevance with robust technical foundations, creating a launchpad not only for memes—but for innovation. As blockchain evolves, the intersection of community, culture, and code will become increasingly significant. Little Pepe embodies that vision—bridging entertainment and utility in a format that invites participation, creativity, and collective growth. About Little Pepe Little Pepe ($LILPEPE) is a next-generation meme token ecosystem and Layer 2 blockchain project focused on scalability, decentralisation, and community governance. It aims to bring real-world utility to meme culture by offering zero-tax trading, staking, and an evolving suite of DeFi features. Little Pepe is developed by a decentralised team of crypto enthusiasts and developers with a shared passion for meme-powered innovation. For more information, visit:
Yahoo
02-06-2025
- Business
- Yahoo
XDC Network, Bitso Business tie up to support US-Mexico remittances
The XDC Network has joined forces with Bitso Business to establish a blockchain remittance corridor aimed at enhancing payment transactions between the US and Mexico. The initiative is expected to utilise blockchain technology to facilitate 'near-instant payments'. This collaboration integrates the XDC Network's ISO 20022-compatible blockchain infrastructure with Bitso Business' fiat conversion services in Latin America. The remittance corridor is designed to offer a alternative to conventional payment methods in the region. The partnership aims to offer low cost remittances, with transactions settling in mere seconds at 'minimal' fees, the company said. It also supports multiple currencies, enabling swift USD to MXN conversions through Bitso's liquidity channels in Latin America. The service is tailored for SMEs, fintechs, and institutions that require efficient payment solutions for international suppliers or payroll. Conforming to ISO 20022-compliant messaging standards, the payment rail is compatible with existing banking systems and regulated entities, in line with XDC's objective to enhance adoption in emerging markets. With over ten years of operational experience, Bitso's APIs and regulatory connections across Latin America expected to add 'interoperability' to the XDC Network. XDC Network Ecosystem Development Amitava Mandal said: "This partnership with Bitso Business marks a major leap toward our mission of bridging traditional finance with blockchain efficiency. Together, we're delivering faster, fairer cross-border transfers that solve real-world challenges in global remittances and SME trade." The XDC Network is an EVM-compatible blockchain focused on tokenising real-world assets, digitising trade finance, and providing infrastructure for cross-border settlements. Bitso Business, meanwhile, offers services including Pay-ins and Payouts in Latin America, Cross-Border payments, as well as Trading and OTC services. "XDC Network, Bitso Business tie up to support US-Mexico remittances " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
13-05-2025
- Business
- Yahoo
Here's Why ICON Rebranded to SODAX and Abandoned its Layer-1
The last time ICON (ICX) was making headlines, it was at the height of the ICO bubble when it was competing with Tron and Filecoin to buy BitTorrent in a high-profile bidding war. ICON, once heralded as the 'Korean Ethereum,' peaked early in 2018 but later struggled to retain relevance amid fierce competition and a changing narrative. Now, ICON is back in the news, as it recently announced that it has rebranded to SODAX and is migrating its entire DeFi infrastructure from its own Layer-1 blockchain to Sonic, an EVM-compatible network focused on high-speed, low-cost transactions. Sonic itself is a product of a rebrand, shifting from the name Fantom in 2024. In an interview with CoinDesk, ICON founder Min Kim explained the logic behind shifting from running an independent blockchain to effectively outsourcing that part of the operation to Sonic's Layer-1 infrastructure. 'Back in 2017, we had to build our own Layer-1 because there wasn't any other infrastructure available,' Kim said. 'Today, buying and maintaining your own Layer-1 property just doesn't make sense anymore because there are cheaper, better options available.' According to Kim, outsourcing infrastructure to Sonic allows his team to streamline expenses and sharpen their strategic focus on DeFi products. 'It significantly cuts our operating expenses by millions of dollars,' Kim told CoinDesk. 'There's less inflation for our tokens, and all of this just makes financial sense.' This isn't all that dissimilar from the manufacturing world. Foxconn and Taiwan Semiconductor are billion-dollar companies because firms like Apple and Nvidia don't have their own factories. Similarly, ICON no longer needs to bear the high fixed costs and risks associated with running an entire blockchain. 'Maintaining a decentralized network with validators around the world is a huge undertaking,' Kim explained. 'We have eight years of experience running our own Layer-1. It's tedious, costly, and very stressful. Outsourcing to Sonic allows us to focus on innovation and delivering products that people actually want.' Kim also highlighted the risk reduction benefits, noting that ICON's DeFi layer can remain unaffected by infrastructure issues at Sonic, creating a valuable risk separation. 'There's de-risking,' he explained. 'If Sonic gets hacked, obviously it's bad, but it's not directly our fault. Sonic focuses solely on security and validator infrastructure, so we and other DeFi builders can focus on creating applications closer to end-users.' The strategy comes as ICON seeks to reinvent itself amid diminished market influence. Once a top 20 cryptocurrency, ICON's ICX token crashed nearly 99% from its all-time highs by late 2018, and has since not recovered, according to CoinGecko data, as investors moved toward platforms better able to capitalize on the rise of DeFi and NFTs. 'Layer-1 infrastructure just doesn't make sense for most projects,' Kim argued. 'Many underestimated the effort, the capital expenses involved. There's been a misguided premium investors placed on Layer-1 projects, thinking an ecosystem would naturally build itself. But that's costly and rarely sustainable.' Now rebranded as SODAX and focused on cross-chain liquidity products, the project is migrating ICX tokens to a new token, SODA. While Sonic and SODAX's tokens remain distinct, Kim emphasized that Sonic's fee-monetization mechanisms will channel transaction fees back to SODA holders. 'Sonic allows 90% of transaction fees to flow back to SODA token holders,' Kim noted, underscoring the economic incentive of their strategic pivot. Asked if this outsourcing model represents a broader trend, Kim predicted that many projects currently running Layer-1s will likely reconsider as market cycles shift. 'Ethereum and Solana are great examples as they're fully focused on validators and network security," he said. "We're at the forefront of reversing the trend of launching your own Layer-1s. It's just not viable for most projects long-term.' As the era of premium valuations for proprietary Layer-1 platforms ends, more projects, Kim said, are going to just focus on the product and not the infrastructure with ICON – now SODAX – leading the way on this. 'We're going back to basics, lowering our costs, streamlining operations, and doubling down on what we originally wanted to do: put financial products directly into people's hands.'Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
30-04-2025
- Business
- Associated Press
AEON Partners with Plume to Bring $PLUME to Real-World Payments Across 10,000+ Brands
SINGAPORE, April 30, 2025 /PRNewswire/ -- AEON, the next-generation AI-powered crypto payment protocol, is excited to announce a strategic partnership with Plume, the first full-stack RWA (Real World Asset) Chain and ecosystem built specifically for RWAfi. This collaboration brings real-world utility to Plume's native token, $PLUME, by integrating it directly into AEON Pay. Through this partnership, AEON Pay Telegram Mini App now supports Plume's native token, $PLUME, enabling seamless transactions within the Plume ecosystem and beyond. Users can now utilize $PLUME for a wide array of real-world purchases, from shopping and dining to lifestyle services at merchants supported by AEON Pay, effectively bringing crypto spending into everyday life. The integration begins with a strong focus on offline payments across more than 20 million merchants throughout Southeast Asia and global markets, helping drive mass adoption of crypto in tangible, everyday scenarios. AEON Pay is already available at over 10,000 brands globally, including major names like Pizza Hut, Starbucks, and UNIQLO, making crypto spending easier and more familiar for users. With upcoming plans to rapidly scale into Africa and Latin America, AEON is set to accelerate real-world crypto adoption worldwide. Plume continues to lead innovation in the RWAfi space with over 200 projects building on its EVM-compatible infrastructure. Designed for seamless onboarding, tokenization, and integration of real world assets, Plume offers a composable environment that connects on-chain finance with real-world value. This move significantly enhances Plume's ecosystem by unlocking new real-world use cases for its native token. Through AEON Pay, Plume gains direct access to millions of merchants, making its assets more accessible and widely accepted. This development accelerates Plume's mission to create an interconnected ecosystem where real world assets (RWAs) are easily tokenized, distributed, and used by anyone, anywhere. As more users and merchants engage with tokenized assets in daily transactions, AEON and Plume are helping lay the groundwork for a more connected, functional, and accessible digital economy. About Plume Plume is the first full-stack RWA Chain and ecosystem purpose-built for RWAfi, enabling the rapid adoption and demand-driven integration of real world assets. With 200+ projects building on the network, Plume offers a composable, EVM-compatible environment for onboarding and managing diverse real world assets. Coupled with an end-to-end tokenization engine and a network of financial infrastructure partners, Plume simplifies asset onboarding and enables seamless DeFi integration for RWAs so anyone can tokenize real world assets, distribute them globally, and make them useful for native crypto users. XWebsiteDiscordTelegram About AEON AEON is the next-generation AI-powered crypto payment protocol, purpose-built to simplify crypto transactions and drive forward intelligent, automated payments across Web3. Supporting major blockchain ecosystems including EVM, SVM, BNB, and TON, AEON's AI Payments system allows intelligent agents to manage and automate transactions, payments, subscriptions, and remittances for users. With offerings like Web3 Mobile Payment that allows users to pay with crypto across 10,000 brands at 20+ million retail merchants in SEA, Africa and Latin America, Online Web3 Payment, Swap Pay, and a growing suite of AI-integrated payment services, AEON aims to create a future of crypto finance that's intelligent, scalable, and borderless, where AI and blockchain work together to make crypto payments accessible to next billion of users. Website | X | Telegram | Medium View original content: SOURCE AEON
