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JD.com, China’s e-commerce giant with over $150 billion in annual revenue, is diving into decentralized finance (DeFi), marking a bold pivot from retail to blockchain-powered financial services. On August 12, 2025, BeInCrypto reported JD.com’s job posting for a DeFi expert skilled in decentralized exchanges (DEXs), lending, derivatives, and tokenomics, signaling its Web3 ambitions. The move leverages JD’s “Zhizhen Chain” for …

Ethena’s governance token, ENA, skyrocketed 150% in the past 30 days, with a 40% spike in the last week, reaching $0.85 on August 12, 2025, per CoinIndexNews. This surge aligns with Ethena’s Total Value Locked (TVL) exceeding $10 billion, driven by its synthetic stablecoin, USDe, now the third-largest stablecoin by market cap, boasting a $3.83 billion valuation. A key driver …

A Nasdaq-listed company’s bold move to invest its treasury in the Solana-based memecoin $BONK has led to a catastrophic 50% stock price drop in August 2025, highlighting the risks of speculative crypto ventures. The firm, which allocated significant funds to $BONK to diversify its portfolio, faced a swift market backlash as the memecoin’s value crashed, reflecting its high volatility and …

In a groundbreaking move, the Central Bank of Malaysia (Bank Negara Malaysia) released a July 2025 policy paper recognizing XRP and Bitcoin (BTC) as potential monetary alternatives, signaling a shift in Southeast Asia’s financial landscape. The paper, as reported on X, explores how these cryptocurrencies could complement fiat currencies in payments, remittances, and as stores of value, highlighting their transformative …

Kazakhstan, a global crypto mining hub, is tightening regulations as miners’ energy consumption rivals that of a small city, straining the national grid. On August 11, 2025, authorities busted a $16.5 million illegal mining scheme in East Kazakhstan, where miners consumed 50 MWh of household electricity, enough for 50,000–70,000 residents, per the Financial Monitoring Agency (AFM). Since China’s 2021 mining …