Top Crypto News: 02/25

At the time of press, Bitcoin is trading close to $47,995. Today, Coinbase files for a public listing with the SEC, which can be bullish news for the crypto space. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,516.

Let’s find out some interesting crypto news for today.

PAID Network Taps Launchpool Partnership To Expand Equal IDO Opportunities for Communities

PAID Network partnered with investment platform Launchpool to connect stakeholders in the crypto community. Moreover, Launchpool is an investment platform that leverages communities, expertise, knowledge, and capital to elevate crypto projects. As per the tweet, PAID token holders will be able to stake their tokens during Phase 1 of Launchpool. Further, this will help stakers to earn $LPOOL tokens, and they can also participate in future Launchpool investment opportunities. Collaboratively, the team will also work on cross-platform sharing of private pool allocations.

Coinbase Files SEC Registration To List as Class A Common Stock on Nasdaq

Coinbase has announced its filing of a registration with the United States Securities and Exchange Commission for a public direct listing of stock. As per the official blog, this will list on the Nasdaq Global Select Market as a Class A common stock under the ticker symbol COIN. Moreover, the exchange has submitted an S-1 report with the SEC, which will clear the way for its much-anticipated direct listing on Nasdaq. Additionally, Coinbase also mentioned that this submission is still under review, and it does not constitute an offer to sell or the solicitation of an offer to buy any securities

Algorand | OpenDao Partnership To Create Dollar-Pegged Stablecoin ($wAlgoO)

Algorand partnered with OpenDao Protocol to create a dollar-pegged stablecoin ($wAlgoO). Moreover, OpenDao works as a bridge to connect real-world assets with the DeFi infrastructure. As per the tweet, Algo holders will get the choice to convert Algo to wAlgo and then into the stablecoin. In addition, wAlgoO minters can also become a liquidity provider by participating in the upcoming wAlgoO/USDC pool, which will help them to enjoy rewards in both $Algo and $OPEN.

The Graph Integrating Polkadot To Enhance Decentralized Indexing With Open API Subgraphs

The Graph announced its integration with Polkadot to increase its decentralized indexing. According to the tweet, now developers, by using Graph, can create robust applications on Polkadot. Moreover, developers will also get access to data across different blockchains by using subgraphs, which are open APIs. This collaboration will enhance the Polkadot ecosystem and help developers to create a truly decentralized tool. Further, this will help to expand Web3 development and interoperable applications.

Chainlink Teams up With Dollar Protocol To Integrate CNY-USD Decentralized Price Oracle

The last bit of crypto news on our list is Dollar Protocol, which partnered with Chainlink to integrate Chainlink’s CNY-USD Price Feed into its mainnet. Moreover, Dollar Protocol is a set of algorithmic synthetic assets governed by shareholders. As per the tweet, Chainlink oracles will provide real-time price information. In addition, it will decentralize the protocol with high-quality price feeds and support the launch of algorithmic stablecoin CNYx.

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