Alchemy and Privy roll out technical integration to smooth pain points of ‘onchain finance’
Alchemy and Privy integrated their infrastructure platforms to streamline onchain finance adoption. The partnership combines Privy's user-friendly wallet onboarding with Alchemy's gasless transaction technology, eliminating friction points like seed phrases and gas fees. This unified stack enables developers to build crypto products with mainstream simplicity, addressing key barriers to broader user adoption in onchain finance.
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RedStone launches settlement layer to address RWA liquidity gap in DeFi lending
RedStone launches settlement layer to address RWA liquidity gap. The new system uses onchain auctions during liquidation events, allowing liquidity providers to purchase positions immediately while assuming redemption risk. This targets a structural mismatch where DeFi platforms require instant liquidations but tokenized real-world assets have 60-180 day redemption periods, potentially unlocking $30 billion in idle RWAs.
Dead Internet? A Third of New Websites Are AI-Generated, Says Stanford
Stanford research reveals one-third of newly created websites are AI-generated, raising concerns about internet authenticity and spam proliferation. This "dead internet" phenomenon impacts crypto markets by increasing misinformation risks and fraudulent token projects. Bitcoin trades at $76,439, down 0.71%, while broader market sentiment faces uncertainty from AI-generated content infiltrating blockchain communities and investment narratives across India.
Robinhood stock shrugs off a 47% crash in crypto revenue thanks to a massive surge in event betting
While the trading platform’s crypto revenue tanked 47% to $134 million, a record-breaking surge in prediction market bets helped push overall revenue up 15% to $1.07 billion....