Tuesday, November 4, 2025
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Myanmar’s shadow government backs launch of crypto-based bank

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.The Spring Development Bank is named after the Spring Revolution, the opposition movement led by Myanmar’s exiled National Unity

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Japanese gaming firm Sega backs out of blockchain

Japanese multinational video game firm Sega Corporation is withdrawing from blockchain-based games as play-to-earn games are “boring,” according to Shuji Utsumi, the company’s co-chief operating officer cited by Bloomberg on Friday. See related article: Play-to-earn game developers pivot to engaging fansFast factsUtsumi reportedly said Sega will be withholding its biggest franchises

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Wintermute Backs DEX Vertex Protocol in Strategic Investment

"Vertex Protocol meets the market's growing demand for noncustodial trading solutions while also possessing the efficiency of centralized exchanges," said Tim Wu, head of decentralized finance (DeFi) at Wintermute, in the statement. "Their rapid growth reflects this trend, and their robust infrastructure is a good fit for large trading firms

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