- 1. Usual Adopts Chainlink Standard for Enhanced Stability and Transparency
- 2. FTX Recovery Trust Settles Lawsuit with K5 Global
- 3. Virtuals Protocol Launches P2S Program to Support AI Projects
- 4. Tether Leads Crypto Revenue with $529M in the Last 30 Days
- 5. Alchemy Pay Integrates $MOVE for Seamless Crypto Transactions
- 6. Conclusion
This week saw significant advancements in the crypto and blockchain sectors. In order to improve its stablecoin ecosystem, Usual adopted the Chainlink Standard to help provide, liquidity, security, and transparency. At the same time, FTX Recovery Trust settled an entire law suit with K5 Global along with giving stakeholder compensation. This is a key step in FTX’s recovery plan and initial distributions are expected to begin in the coming weeks.
In addition, Virtuals Protocol presented P2S program supporting AI startups with liquidity with shared aims to help up and coming projects get noticed. In addition, Tether claimed the top earner spot for crypto revenues during the past 30 days, earning $529 million. Last but not the least, Alchemy Pay integrated $MOVE enabling it to render fiat-crypto transactions. Such developments provide evidence of rapid growth and incremental opportunities in the blockchain industry.
Usual Adopts Chainlink Standard for Enhanced Stability and Transparency
This week, Usual, a decentralized stablecoin protocol, adopted the Chainlink Standard to enhance its ecosystem. The integration seeks to enhance the liquidity and utility of its native stablecoins, $USD0++ and $USD0.
By adopting this, Usual incorporated Chainlink’s Data Feeds, Proof of Reserve, and CCIP. These features of tokenized asset can assist in addressing the key challenges in the tokenized asset sector through providing secure and reliable price data. Accurate asset pricing and an added strength to Usual’s ecosystem is provided through the integration. Using Chainlink’s trusted infrastructure, Usual increases transparency, security, and efficiency for their users.
FTX Recovery Trust Settles Lawsuit with K5 Global
FTX Recovery Trust and Future Travel Experience Trading Ltd. reached a settlement with K5 Global. The deal settles legal disputes from FTX group’s collapse. This is a significant part of the recovery process.
CEO of FTX Recovery Trust John J. Ray III highlighted its importance. He added that stakeholders would recover losses through K5 Global’s investments. K5 co-founders also went out of their way to praise FTX’s professionalism during its negotiations. Meanwhile, FTX’s Chapter 11 reorganization plan came into effect on January 3 of 2025. Claim holders will actually be awarded the first distribution in 60 days. Payouts are also subject to meeting KYC and other requirements by claimants.
Virtuals Protocol Launches P2S Program to Support AI Projects
Virtuals Protocol introduced the Prototype-2-Sentience (P2S) Program to provide liquidity for early-stage AI projects. This program provides resources to leading AI developers in a way that resembles how the central bank helps the economy. Moreover, it aims to provide financial support that helps projects achieve their development scheduled targets.
Many intelligent AI teams have problems because they work on small budgets and cannot be seen clearly. Virtuals Protocol works with many project requesters but can help only a fraction of them. Some teams have trouble showing their projects to customers which prevents them from getting investment funds. For this problem, Virtuals Protocol implemented the P2S program.
Tether Leads Crypto Revenue with $529M in the Last 30 Days
Tether (USDT) led the crypto market with the highest revenue of $529 million in the last 30 days. The company makes money through various sources: interest paid on bank reserves plus trading payments and investment returns. Raydium ranked at number two and produced $298 million from trading activities on its platform.
JTO earned $271 million as its third-place ranking by generating money from Solana’s liquid staking protocol. Meteora earned $177 million from trading fee operations. Circle (USDC) received $149 million total from earning interest while doing business. Both Uniswap and PancakeSwap earned equal trading fees of $148 million. Besides PancakeSwap, Pump.fun, Lido, Photon, and Aave also generated substantial amounts of revenue totaling $304.9M. Besides the largest platforms this list includes revenues from BullX, Sky, Orca, and Ethena each making more than $37 million.
Alchemy Pay Integrates $MOVE for Seamless Crypto Transactions
Alchemy Pay, a leading fiat-crypto payment gateway, integrated $MOVE, the native token of Movement Network. Users can now quickly purchase $MOVE with Visa and MasterCard as well as other payment methods and bank transfers. The system update makes $MOVE products available to more users across safe and accessible payment options.
Alchemy Pay helps people purchase crypto because its security and compliance standards work perfectly for traditional users. The system simplifies the transaction process for regular crypto users entering this new market. Movement Network works to improve the speed and protection of blockchain operations on its established safe and scalable system. The availability of substantial amounts of money helps developers work on their blockchain projects easier and faster.
Conclusion
The developments that have occurred this week illustrate the speed with which the blockchain industry has been developing. The adoption of the Chainlink Standard by Usual improves the stability of stablecoins, and the settlement of FTX is an important step in its recovery. On the other hand, Virtuals Protocol’s P2S program is designed to support AI startups, creating an innovative ecosystem. Tether holds the lead in this aspect of revenue and Alchemy Pay’s integration of $MOVE just goes to show how crypto’s influence is spreading to mainstream finance.
