Zama Launches Confidential USDT on Ethereum with $118M Auction

The blockchain privacy landscape has undergone a seismic shift with Zama’s mainnet launch, marked by a $118.5 million public auction that concluded last week. The Paris-based cryptography company successfully executed the first Confidential USDT (cUSDT) transfer on Ethereum, demonstrating that its fully homomorphic encryption (FHE) technology is now production-ready. The auction’s overwhelming demand—it was 218% oversubscribed—and the protocol’s rapid accumulation of over $121 million in Total Value Shielded (TVS) in just three days signal robust market appetite for confidential financial transactions on-chain.

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Forward Industries Appoints Georgia Quinn as General Counsel

Forward Industries (NASDAQ: FWDI) has appointed Georgia Quinn as General Counsel effective immediately, signaling a strategic reinforcement of its legal and compliance capabilities as the company aggressively pursues its Solana-focused treasury strategy. Quinn brings nearly two decades of specialized experience from leading digital asset firms including Securitize, Anchorage Digital, and CoinList, with direct involvement in Solana’s initial fundraising and token launch. This appointment underscores Forward Industries’ commitment to building institutional-grade governance around its digital asset treasury operations while maintaining its traditional design business serving medical and technology sectors.

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Crypto Regulation Insights and Crowdsale Dynamics in 2024

In the latest episode of The Chopping Block, hosts Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner delve into the FDIC’s alleged vendetta against the crypto industry, fueled by whistleblower claims and newly unredacted FOIA documents. They explore the rise of Echo as a crowdsale platform, its competition with CoinList, and the dynamics of token distribution, while scrutinizing regulatory agencies and the tension between venture capitalists and crowdsale platforms. The discussion also touches on community engagement strategies and a recap of 2024 podcast stats, alongside early predictions for 2025 trends.

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