Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'

The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.

Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'

The platform has generated yields by shorting ether (ETH) futures and pocketing funding rates since its January rollout. Ethena's USDe is supposed to ma...

5 months ago

Bhutan to increase Bitcoin mining operations sixfold ahead of halving

Bhutan and Bitdeer are set to expand Bitcoin mining capacity amid halving concerns, aiming to expand the nation’s mining capacity by 500 megawatts by 2025.

Bhutan to increase Bitcoin mining operations sixfold ahead of halving

Bhutan‘s investment arm, Druk Holding & Investments (DHI), is gearing up to boost its mining production in collaboration with Nasdaq-listed mining conglomerate Bitdeer&n...

5 months ago

Paradigm leads $20M funding round for Ellipsis Labs’ DeFi expansion

Ellipsis Labs will use the new funding to accelerate the progress of DeFi up and down the stack.

Paradigm leads $20M funding round for Ellipsis Labs’ DeFi expansion

Ellipsis Labs, a developer in the crypto exchange sector, has secured $20 million in Series A funding, with Paradigm leading the investment round. According to a post on X, E...

5 months ago

Philippines SEC Says eToro Unauthorized to Sell Securities

Fines and Imprisonment for eToro Reps

Philippines SEC Says eToro Unauthorized to Sell Securities

The Securities and Exchange Commission (SEC) in the Philippines said the retail trading platform eToro is unauthorized to sell or offer securities to the public in the Philippines. In ...

5 months ago

Wormhole’s W Token Is Paying Out 999% a Week on Solana Protocol Kamino

WORMHOLE'S W TOKEN OFFERS 999% WEEKLY RETURN ON SOLANA'S KAMINO PLATFORM

Wormhole’s W Token Is Paying Out 999% a Week on Solana Protocol Kamino

Staking bridging application Wormhole’s newly released W token is making traders 999% a week as long as its capacity on Kamino, a decentralized finance (DeFi) platform on Solana,...

5 months ago

Asian Bitcoin Investors Face Volatility Due to Automated ETF Trading Bots: Report

The recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that track US ETF flows.

Asian Bitcoin Investors Face Volatility Due to Automated ETF Trading Bots: Report

In Asia, investors face turbulent times as automated trading bots react to data streaming from spot Bitcoin exchange-traded funds (ETFs). A 

5 months ago

Ethereum Layer 2s Could Rocket to $1T Base Valuation by 2030, VanEck Says

ETHEREUM LAYER 2s COULD HIT $1 TRILLION VALUATION BY 2030, VAN ECK PREDICTS

Ethereum Layer 2s Could Rocket to $1T Base Valuation by 2030, VanEck Says

Investment firm VanEck predicts Ethereum layer 2 networks to be valued at over $1 trillion by 2030 but remains “generally bearish” on the long-term prospects of several such ...

5 months ago

Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance Chain Noble

The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version, sFRAX, will become native to the Cosmos ecosystem via Noble.

Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance Chain Noble

Frax Finance partners with Noble to bring FRAX and sFRAX tokens from Ethereum to the Cosmos ecosystem. Noble is a Cosmos application-specific blockchain des...

5 months ago

Google eyes paid AI search features, explores subscription model: Report

The report added that Google’s traditional search engine would remain free of charge, and advertisements would continue to appear alongside search results even for subscribers.

Google eyes paid AI search features, explores subscription model: Report

Google is considering introducing premium features powered by generative artificial intelligence (GenAI) in its search engine. The move would mark the first time a core Google product ...

5 months ago

Biden-themed meme coin surges 70% as latest polls emerge

A meme coin inspired by U.S. President Joe Biden has surged over 70% today, reaching a market cap of $324 million.

Biden-themed meme coin surges 70% as latest polls emerge

Jeo Boden (BODEN) is a satirical Solana meme coin that mocks Biden’s public persona and policy views.  It features a website showing crude parodies of the U.S. president and heavily u...

5 months ago

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