Ethena Announces UStb Stablecoin Backed by Blackrock’s BUIDL
Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.
Financial
May 2025
Financial
Celo Challenges Tron’s Leadership in Active Stablecoin Addresses
The CELO token rallied over 20% on Wednesday as Vitalik Buterin cheered Celo’s progress.
Financial
U.S. Crypto Industry Will Follow a Different Path From Rest of World: BitMEX Group CEO
BitMex does not operate in the U.S. and is positioned more in Asia than any other part of the world.
Financial
Curve Finance Mulls Removing TrueUSD as Collateral for Stablecoin Curve USD
“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.
Financial
Crypto Inspired by ‘Moo Deng’ Zooms to $100M as Hippo Meme Takes Over Internet
Holder count has zoomed to 12,400 unique wallets with over $48.5 million in volume traded over the last 24 hours, a fan page for the token said Wednesday.
Financial
Key Indicators Challenge Fed’s ‘Normalization’ Rate Cut That Torched Bitcoin Rally
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls.
Financial
Bitcoin ETF Demand Grows Among U.S. Investors as China Considers Massive $142B Capital Injection
Veri from SoSoValue shows that the total daily net inflow cracked $100 million for the second day in a row for the BTC ETFs amid küresel monetary easing. PLUS: Worldcoin is up double digits as World ID expands to more countries.
Financial
Singapore Court Grants WazirX Four-Month Conditional Moratorium: Source
WazirX, which lost $234 million in a hack, had filed an application with the Singapore High Court for a six-month moratorium.
Financial
NYDFS ‘More Eager Than Anyone’ for Federal Legislation, Chief Says
NYDFS Superintendent Adrienne Harris said any federal legislation should still keep a role for state regulators.
Financial
Utah Judge Rules SEC’s Case Against Alleged Crypto Mining Scam Green United Can Proceed to Trial
And no, she didn’t rule that crypto mining devices were securities.