This Week in Crypto

Omni Network Launches Core Mainnet The Omni Network has debuted its Core mainnet, addressing Ethereum’s rollup fragmentation with a unified global state layer. Developers can now build once and access liquidity across the ecosystem, while users benefit from seamless, sub-second transactions. This launch marks a key step toward making Ethereum feel like a single, cohesive network.

U.S. Federal Reserve Employees Restricted from Owning Bitcoin The Federal Reserve has updated its ethics guidelines to explicitly prohibit employees from owning Bitcoin and other cryptocurrencies. This policy underscores the Fed’s stance on maintaining neutrality and reducing conflicts of interest amidst evolving financial landscapes.

Pudgy Penguins Launch $PENGU Token Pudgy Penguins, the popular NFT project, has announced the launch of its native token, $PENGU. The token aims to enhance the ecosystem with utility-focused applications, rewarding community engagement while expanding its digital presence.

Ripple Launches RLUSD Stablecoin Ripple has introduced RLUSD, a new stablecoin backed by the XRP Ledger. This launch is part of Ripple's broader strategy to strengthen its suite of financial products, further cementing its position in blockchain-based payments.

MicroStrategy Buys 15,350 BTC for $1.5 Billion MicroStrategy has added another 15,350 BTC to its holdings, investing approximately $1.5 billion. This move reinforces the company’s commitment to Bitcoin as a core reserve asset, bringing its total BTC holdings to over 250,000 coins.

Monad Foundation Introduced by Monad Monad has unveiled the Monad Foundation, an initiative dedicated to supporting decentralized application development and fostering innovation on its high-performance blockchain. This foundation reflects Monad’s commitment to advancing Web3 adoption.