Tether has disclosed plans to complete a full audit by the end of 2026 and is targeting a valuation around $500 billion. The disclosures come amid ongoing regulatory scrutiny and a push for greater transparency in the stablecoin sector.
The Ethereum Foundation published the EF Mandate, outlining its development philosophy and commitment to decentralization and user self-sovereignty, anchored in the CROPS principles of censorship resistance, open source, privacy, and security. The document positions the Foundation as a guardian of the network with responsibilities shifting toward the broader community as the ecosystem matures.
Nasdaq-listed UTime is reportedly planning to acquire Feixiaohao, a Web3 data platform, for up to $80 million, with a non-binding letter of intent signed. The consideration includes $64 million in stock or convertible preferred stock and $16 million in cash. The deal remains subject to subsequent formal agreements and closing conditions.
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