Spark allocated $100 million of its stablecoin reserves into a Superstate fund generating yield from a crypto cash and carry trade.
In the latest sign of crypto consolidation, Aave Labs acquired Stable Finance, the development team behind a consumer-friendly savings app.
MegaETH confirmed its leaked MiCA whitepaper detailing a KYC-only token auction and a breakdown of MEGA's tokenomics structure is real.
Aave DAO is considering a proposal from Marc Zeller’s Aave Chan Initiative to create a permanent $50 million annual token buyback program.
Aave currently serves nearly 1,000 unique borrowers daily, facilitating approximately $25 billion in outstanding loans on Ethereum.
Incubated by Bybit, Printr enables token creators to launch memecoins on multiple blockchains simultaneously.
The new engineering hires will expand Ethena Labs' exiting team, consisting of 10-15 employees, by 40%-50%.
Solana co-creator Anatoly Yakovenko is building an onchain perps DEX, according to detailed documentation posted on GitHub.
Dankrad Feist, who made several notable contributions to Ethereum since entering the ecosystem in 2018, is joining alternative Layer 1 Tempo.
Caliber’s stock has swung sharply since adopting its Chainlink-focused treasury strategy, soaring in August before falling back under $4.
Chainlink has deployed its real-time Data Streams oracle natively on the ultra-fast Ethereum Layer 2 MegaETH.
Tydro will serve as “core infrastructure for DeFi on Ink" and could be integrated into Kraken's core exchange product.
Wintermute founder and CEO Evgeny Gaevoy sheds light on the recent crypto wipeout and how market makers deal with such events.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The protocol is expected to go to a validator vote later this year, introducing pooled lending and underwritten credit natively on the XRPL.
Akash will deprecate its Cosmos-based app chain and evaluate a new base network, potentially outside Cosmos, with Solana as a contender.
Hyperliquid is set to enable HIP-3 in its network upgrade later today, according to the project's Discord announcement.
The Arcium-powered project attracted more than 10,000 participants, exceeding its $750,000 minimum target by more than 200x.
As part of the arrangement, Jupiter plans to “progressively convert” about $750 million of USDC from its Liquidity Provider Pool into JupUSD.
This represents a 76% increase over six months, with established players like Uniswap, Aave, and Ethena leading fee generation.
Perp DEXs are back in the spotlight. After Hyperliquid’s success, new players are attracting fresh VC attention and capital. Here’s why.
The milestone represents a 48% surge compared to August's $707.6 billion trading volume, with September's total coming in at $1.05 trillion.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase CEO Brian Armstrong said the crypto exchange's next goal is to achieve $100 billion in onchain borrow originations.
Decentralized yield protocol Pendle disclosed that an onchain wallet has been drained, and an exploiter is minting principal/yield tokens “to dumping.”
All investors in both private and public rounds will get an “onchain redemption right” to redeem up to their original principal at any time.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Blockchain Builders Fund, GSR, Kindred Ventures, Rocket Pool, and the Stanford Blockchain Accelerator, are among the other notable backers.
Flare Network has launched FXRP, a wrapped version of XRP that can now be used in decentralized finance (DeFi) applications.
Raiku has raised $13.5 million across seed and pre-seed rounds from investors including Pantera Capital, Jump Crypto, and Lightspeed Faction.