Stake.com holds about $26.91 million in USDC on Polygon, making up nearly 25% of the network's total USDC activity, according to CoinGecko. This concentration shows that a significant portion of Polygon's stablecoin usage is tied to crypto gambling, with Stake.com dominating the casino category on the network. While centralized exchanges hold the largest USDC share on Polygon, Stake.com is the biggest non-exchange user, using USDC mainly for operational liquidity in betting transactions. This raises concerns about network concentration and stablecoin distribution, especially given Stake.com's history of a $41 million hack in 2023. Investors and traders should consider that large USDC movements on Polygon may reflect casino operations rather than broader DeFi or institutional activity.
Nexans and Hydro have agreed on a five-year contract for about 85,000 tonnes of low-carbon aluminium wire rod to support Europe's electricity grid modernization. This aluminium, produced using 100% renewable energy in Norway, will help reduce carbon ...
Nexans and Hydro have agreed on a five-year supply contract for about 85,000 tons of low-carbon aluminum wire rod to support the modernization and decarbonization of Europe's electrical grid. The aluminum, produced in Norway using 100% renewable ener...
Scilex Holding Company announced a binding term sheet with Kazakhstan-based iHolding Group LLP for a $100 million investment, purchasing about 6.67 million shares at $15 each. This funding aims to support Scilex's strategic growth in healthcare, prod...
Following Shell's interim dividend payment for Q1 2026 on June 29, several senior executives, including CEO Wael Sawan and CFO Sinead Gorman, acquired shares through dividend reinvestment plans. These shares were obtained in respect of shares previou...
The global aliphatic hydrocarbon solvents and thinners market is projected to grow from $5.26 billion in 2026 to $6.81 billion by 2032, at a CAGR of 4.4%. Growth is fueled by rising demand in coatings, adhesives, and industrial maintenance, with mine...
