ASTER is valued at over $15 billion following an initial fully diluted valuation (FDV) of $560 million at during its TGE.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Multicoin Capital, alongside Galaxy Digital and Jump Crypto, led a $1.65 billion private placement in Forward in early September.
Midas, in partnership with Axelar, has launched mXRP, a tokenized XRP product currently targeting a base yield of up to 8%.
The move comes as Ethena looks to “expand its presence” on BNB Chain, including supporting new money markets and protocol integrations.
The round was co-led by GRVT’s tech partner ZKsync and Further Ventures, an investment firm backed by Abu Dhabi's sovereign wealth fund.
The move comes shortly after Native Markets was tapped to issue a Hyperliquid-aligned and compliant USD stablecoin, USDH.
The project, co-founded by an early Hyperliquid backer, has raised eyebrows amid rising competition among suitors.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The framework sets up negotiations with Republicans over ethics restrictions, enforcement, and the pace of legislation in the coming weeks.
MegaETH is working with USDe issuer Ethena to launch USDm, a native stablecoin whose reserve yield funds the network’s sequencer to keep fees low and stable.
USDD, the algorithmic stablecoin backed by Tron founder Justin Sun, is launching a native deployment on Ethereum.
Nemo Protocol, a Sui-based DeFi and yield trading platform, was exploited for $2.4 million in stablecoins.
A Venus user had lost around $13 million on Sept. 2 after signing a malicious transaction through a fake Zoom client.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The round, structured as a Simple Agreement for Future Equity (SAFE), closed in August, valuing Wildcat Labs at $35 million post-money.
The crypto billionaire bought $75 million worth of WLFI tokens and was named an advisor to the DeFi project.
Sei says it now processes about 4.4 million transactions per day, with roughly $580 million in total value locked (TVL).
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Peter Thiel-backed Ethereum digital asset treasury is seeking higher yields by deploying on the top liquid staking protocol.
Venus stressed that the protocol remains intact as it investigates a $13.5 million loss from a whale reportedly phished by scammers.
Hyperliquid has begun to chip away at Binance's derivatives dominance, with the Hyperliquid-to-Binance volume ratio reaching 13.6% in recent monthly measurements.
"The protocols launching today will define how value moves through the global economy tomorrow," said Anchorage Digital's Nathan McCauley.
Ethena approved BNB as eligible collateral for the perpetual-futures portion of USDe’s backing, hinting that XRP and HYPE may be next in line.
The rationale behind token buybacks mirrors traditional corporate share repurchase programs, but the effectiveness shows mixed results.
The Wormhole Foundation is looking to counter an offer made by cross-chain messaging rival LayerZero to purchase Stargate.
Lombard is launching the BARD token community sale on Buidlpad, raising $6.75 million at a $450 million valuation.
The offer will apply to new and existing USDC users looking to move onto Base, the Layer 2 network incubated by Coinbase.
Coinbase has relaunched its Stablecoin Bootstrap Fund after nearly six years to increase stablecoin liquidity in DeFi.
Aave's dominance is particularly notable given its command of approximately 80% of outstanding debt on Ethereum.