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Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season

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The Ferrari-Velas partnership from 2021 — set at $30 million a year — was aimed at increasing fan engagement through nonfungible tokens (NFTs) and other shared initiatives.

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Coin Market

Crypto Biz: MicroStrategy’s Bitcoin bet swells

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This week’s Crypto Biz features MicroStrategy’s Bitcoin strategy, Coinbase’s and Kaiko’s recent acquisitions, MARA’s third-quarter earnings, and MoonPay’s new fiat gateway.

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Tether mints $1 billion USDt on Tron, pays zero fees — Arkham

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According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.

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Ethena adopts fee-sharing proposal for ENA token

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Now the protocol is working on a value accrual mechanism for ENA stakers. 

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