diem

Venice AI announced an update to its tokenomics, with the main updates being the following two items:New programmatic burning: From now on, for every purchase of $100 in API credit points, $5 will be used to buy and permanently burn VVV on the open market. DIEM supply target raised for the first time: gradually increased from 38,000 to 40,000 (an increase of 2,000), to be implemented in phases, with the highest target expected to be achieved by September 14.

Coinbase announced that it will launch Diem (DIEM). If liquidity conditions are met and in regions that support trading, the DIEM-USD trading pair will go live on April 22, 2026, at 9 AM Pacific Time or later.

According to official news, Coinbase has included Diem (DIEM) and Opengradient (OPG) in its listing roadmap.

ChainCatcher news, according to DL News, David Marcus, the former head of Meta's (formerly Facebook) stablecoin project Diem, revealed new details about the project's failure. He claimed that political interference was the reason for the project's failure, rather than non-compliance with regulatory requirements.Marcus stated that by 2021, the project was fully compliant with regulatory requirements and ready for a small-scale launch, but U.S. Treasury Secretary Janet Yellen told Federal Reserve Chairman Powell that approving the project would be "political suicide." Shortly thereafter, the Federal Reserve pressured banks to withdraw. Custodia Bank CEO Caitlin Long stated that her company also faced similar targeting, saying, "One day... I will be able to tell the true story of what the Federal Reserve did to Custodia Bank." She added, "There is too much corruption."Previous report, a16z founder Marc Andreessen revealed that 30 tech founders had their accounts revoked by banks solely due to their association with digital currencies.

ChainCatcher news, according to Decrypt, crypto bank Silvergate Capital disclosed last week that it recorded a $196 million impairment charge in the fourth quarter of 2022, reducing the value of the intellectual property and technology acquired from Diem Group at the beginning of last year. This adjusted figure represents a loss of 98% compared to the $200 million paid for these assets at the time of acquisition.It is reported that Silvergate had planned to use these assets to launch a stablecoin, but Silvergate stated last week that the release plan for the stablecoin has been firmly shelved. (Source link)

ChainCatcher news, according to CoinDesk, Alan Lane, CEO of Silvergate Capital, the parent company of the crypto-friendly bank Silvergate, stated during the earnings call that the company no longer expects to launch its stablecoin this year but will continue to work closely with regulators on the matter. Lane explained that the delay is not related to technical issues with the project, and he still believes that Silvergate is in a strong position compared to other banks in bringing its tokenized dollar to the blockchain. The company will strive to build its operational and regulatory compliance solutions to ensure a smooth launch.According to ChainCatcher's report in February this year, Silvergate acquired the technology and other assets of Meta Platforms (formerly Facebook) stablecoin project Diem for $182 million to enhance its existing stablecoin infrastructure. Under the terms, Silvergate will manage the reserves and issue a "regulated and highly scalable" dollar stablecoin on its own. (source link)