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Japan’s DMM Crypto shuts down Seamoon Protocol amid challenges

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DMM Crypto, a decentralized finance (DeFi) platform, has announced that it will discontinue the SeaMoon protocol, a key component of its ecosystem. The company cited a combination of strategic shifts and operational challenges in making the decision. SeaMoon, which was designed to offer yield generation through staking and liquidity provision, will no longer be supported, and users are advised to withdraw their funds from the protocol before the termination date.

The discontinuation of SeaMoon comes as part of DMM Crypto’s broader effort to refocus its resources on other areas of the platform. In a statement, the company explained that the decision to shut down SeaMoon was not made lightly but was necessary to ensure the long-term sustainability of its core services. Despite SeaMoon’s initial success in attracting liquidity and users, ongoing technical and market challenges ultimately led to the protocol’s discontinuation.

DMM Crypto also assured users that it would honor all outstanding withdrawals and provide assistance throughout the transition process. The platform emphasized that it would work closely with affected users to facilitate a smooth exit from SeaMoon, offering customer support and guidance on how to transfer their assets to other parts of the platform or external wallets. The shutdown is expected to be completed over the coming weeks, with a specific deadline set for users to exit.

The move reflects broader trends in the DeFi space, where platforms are continuously evolving and refining their offerings. While SeaMoon’s closure may signal a setback for DMM Crypto, the platform is positioning itself for future growth by reallocating resources to other initiatives. As the DeFi sector matures, companies like DMM Crypto are learning to adapt quickly to changing market conditions, regulatory scrutiny, and user preferences, making flexibility an essential trait for long-term success in the space.

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Binance launches in Syria after Trump lifts sanctions

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Binance has signaled interest in expanding its services to Syria following a recent move by former U.S. President Donald Trump to lift certain economic sanctions. The easing of restrictions has opened the door for global businesses, including cryptocurrency platforms, to re-evaluate their presence in the region.

A Binance spokesperson confirmed that the company is exploring opportunities in Syria and may extend support to local users. The development marks a potential shift in crypto accessibility for a country that has long faced economic isolation due to international sanctions.

Although no formal launch has been announced, the move suggests that Binance is preparing to tap into an underserved market. The company emphasized that it will continue to monitor regulatory guidelines while assessing how best to engage Syrian users within legal frameworks.

The renewed interest in Syria reflects broader efforts by crypto firms to expand globally amid shifting geopolitical and regulatory dynamics. If Binance proceeds, it could become one of the first major crypto platforms to reenter the Syrian market in years.

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GameStop plunges 12% after proposing new $1.75B debt offering

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GameStop’s stock dropped 11% after the company revealed plans to offer $2.14 billion in convertible notes, sparking investor concerns about potential dilution. The market reacted sharply to the move, which could lead to an increased share count if noteholders opt to convert their holdings into equity.

The company stated that the proceeds will be used for general corporate purposes, which may include acquisitions and investments. Convertible notes provide flexibility for companies, but often trigger negative investor sentiment due to the future possibility of share dilution.

The timing of the announcement came just as GameStop was enjoying renewed attention from retail investors, particularly following the reappearance of “Roaring Kitty,” a central figure in the 2021 meme stock frenzy. That momentum was quickly undercut by fears surrounding the fundraising effort.

GameStop’s latest financial strategy highlights its continued attempts to adapt and remain relevant in a changing retail landscape. However, the negative market reaction reflects ongoing uncertainty over the company’s ability to convert hype into sustained performance.

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Peaq and UAE bet on tokenized machines to power future economy

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The United Arab Emirates has introduced a new regulatory sandbox dedicated to advancing the machine economy, in collaboration with blockchain network peaq and Web3 data platform Pulsar. The initiative is backed by the country’s Artificial Intelligence, Digital Economy and Remote Work Applications Office and is aimed at supporting decentralized physical infrastructure networks (DePINs).

The sandbox offers a controlled environment where projects involving autonomous vehicles, delivery drones, and smart city applications can be tested and scaled. Developers will be able to deploy real-world use cases involving connected devices while benefiting from regulatory guidance and technical support.

Participants in the program will receive resources such as funding opportunities, mentorship, and access to strategic partners, enabling them to refine and expand their technologies. The initiative reflects the UAE’s continued efforts to lead in Web3 innovation, artificial intelligence, and future-driven economic models.

By fostering projects that combine AI, blockchain, and IoT, the UAE seeks to attract global startups to build the foundations of a decentralized machine economy. The sandbox is expected to drive real-world adoption of DePIN technologies across transport, infrastructure, and smart services sectors.

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