Cypher Capital backs Echelon in $3.5 million funding round
0 Comments Cypher Capital Supports Echelon in $3.5 Million Funding Round
Echelon aims to improve capital efficiency with features for institutional markets. Cypher Capital has participated in the $3.5 million seed funding round for Echelon. The financing supports the development of new products, RWAs and expansion into new networks. Cypher Capital, a prominent multi-strategy crypto investment firm, has announced its participation...
Maker, now Sky, faces backlash over USDS stablecoin's freeze feature
0 Comments Maker, now Sky, faces backlash over USDS stablecoin's freeze feature
Sky's USDS stablecoin has a freeze feature, which raises concerns about decentralization. Rune Christensen, co-founder of Sky, explains that the freeze feature will not be active at launch. Sky's website blocks VPNs, which further intensifies the criticism after the renaming. A day after the decentralized finance (DeFi) project Maker...
Crypto drop lets BTC reach 58k Bitcoin Dogs fluctuates
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Bitcoin (BTC) hit lows near $58,000 while cryptocurrencies experienced strong selling pressure. The 0DOG token fell sharply in the wake of Bitcoin's losses. In the last 24 hours, Bitcoin fell by more than 6% and traded below $59,000. The market capitalization of cryptocurrencies also declined as a...
Bitcoin is falling back below $60,000. Is this a buying opportunity for jewels like $POODL?
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Here are the key points: Bitcoin is down 6% in the last 24 hours and is trading below the $60,000 mark again. POODL is now live on the MEXC, Raydium, and Bingx crypto exchanges. BTC falls below $60,000 again. The cryptocurrency market has been performing weakly so far this week as the prices of the...
Robinhood Wallet Now Supports Solana
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Robinhood Wallet now supports Solana tokens, with the self-custody wallet available on iOS and Android. The price of Solana rose slightly after the news. The Robinhood Wallet, a self-custody wallet app available on iOS and Android, has added support for Solana (SOL). Robinhood announced the big news on August 27th...
Of course, I'm happy to help you with that! Please let me know the text you would like to have translated.
0 Comments Of course, I'm happy to help you with that! Please let me know the text you would like to have translated.Ethereum is down more than 5% in the last 24 hours and is now trading below $2,600 as altcoins show weakness. However, the leading altcoin's decline to lows of $2,560 on Tuesday comes against the backdrop of massive activity by whales, most of which have been taking place over the past few years.
Ondo Finance launches its permissionless yieldcoin USDY on Arbitrum
0 Comments Ondo Finance launches its permissionless yieldcoin USDY on Arbitrum
Ondo's USDY Yieldcoin is now live on Arbitrum, offering a 5.35% APY yield to non-US investors. USDY is integrated with Camelot and Dolomite for trading, lending and yield generation. USDY represents 17% of Arbitrum DAO's treasury and promotes the spread of real economic assets (RWA) on-chain. Ondo...
Maker Protocol renames itself Sky, Dai stablecoin is renamed USDS
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Maker Protocol will be rebranded as Sky, with the Dai stablecoin rebranded to USDS. The MKR governance token has been upgraded to the Sky token (SKY) with a conversion factor of 1:24,000. The Maker SubDAOs were renamed Sky Stars, with Spark being the first active SubDAO. In an important step to make decentralized finance (DeFi) more accessible, the...
Aave Labs proposes to integrate BlackRock's BUIDL into the GHO stability module
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Aave Labs proposes to integrate BlackRock's BUIDL with the GHO stability module. The update aims to increase capital efficiency and expand the yield on real assets. The integration of BUIDL enables 1:1 USDC exchanges, monthly dividends, and seamless transactions. In an effort to improve its stablecoin system, Aave Labs has launched a...
Xapo Bank Partners with Hilbert Group to Launch $200 Million Bitcoin Hedge Fund
0 Comments Xapo Bank Partners with Hilbert Group to Launch $200 Million Bitcoin Hedge Fund
Xapo Bank and the Hilbert Group will launch a Bitcoin-denominated hedge fund. The BTC fund will receive an initial investment of $200 million from Xapo and other investors. Xapo Bank is partnering with Hilbert Group to launch a Bitcoin (BTC)-denominated hedge fund, according to a press release from...