Blackrock Joins Race to Issue New Stablecoin

Blackrock has announced its backing of a new stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative in the stablecoin market, leveraging investments in U.S. dollars, short-term Treasury bills, and repurchase agreements. Ethena Labs has partnered with Securitize to facilitate the launch, aiming to enhance … Read more

Machibigbrother Withdraws $8.52M In CREAM Tokens After 4-Year Staking Period Ends

Machibigbrother (machibigbrother.eth), a prominent DeFi investor, recently withdrew 460,000 CREAM tokens worth $8.52 million USD after the end of a four-year staking period. This withdrawal comes as the token has experienced a significant decline from its peak during DeFi Summer in 2020. 麻吉大哥(machibigbrother.eth) 于 10 小时前取出了质押期满 4 年的 46 万枚 $CREAM ,价值 852 万美金 不看不知道,一看吓一跳:2020 … Read more

EigenLayer’s TVL Declines As Restaking Hype Settles, But Liquidity Remains Strong

The initial buzz surrounding restaking protocols has cooled off, with Total Value Locked (TVL) stabilizing at $15 billion, down from its peak of $21 billion. Despite the dip, EigenLayer continues to dominate the market, holding over 80% of the total TVL. The initial restaking hype has settled, with TVL across restaking protocols stabilizing around $15B, … Read more

Dragonfly Capital Clears AEVO Positions, Takes $36.84M Loss Amid Market Decline

Dragonfly Capital recently made significant moves in the market, with two of its addresses depositing 62.62 million AEVO tokens (equivalent to $25.04 million USD) into FalconX. Reports suggest that this transaction clears out all of Dragonfly’s AEVO positions that were accumulated since May, leading to an estimated loss of $36.84 million. Between May 13 and … Read more

Dubai Regulator Increases Scrutiny on Crypto Companies

Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented stricter regulations for crypto companies to enhance investor protection and ensure transparency. The new rules require firms to include risk warnings in marketing materials, obtain necessary licenses, and adhere to compliance standards. These measures aim to inform investors about the risks and volatility of cryptocurrencies, while fostering … Read more

Algorand Sees Major Growth With 2.6 Million New Wallets In One Year

Over the past year, Algorand has experienced significant growth, with a sharp increase in wallet adoption. According to @intotheblock, the number of Algorand wallets with a balance rose from 18.88 million on September 24, 2023, to 21.48 million in 2024. This impressive growth of 2.6 million new wallets in just one year highlights the increasing … Read more

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