Frax Finance’s Fed Yield-Matching Staking Vault Attracts $30M, FXS Steady
Early Thursday, Frax unveiled sFRAX staking vault, allowing users to take advantage of higher interest rates in the U.S.
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DeFi Is Losing the Race to Become the Future of Finance
Money market funds are offering more than 5% annual returns, Ethereum stakers meanwhile get just 3.3%.
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Things SBF’s Defense Lawyers Should be Freaking out About
Caroline Ellison kept a watchlist of Sam Bankman-Fried’s biggest gripes. Perhaps his lawyers need one, too.
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Flare Network Will Burn 2.1B FLR to Support Ecosystem Health
Some 198 million FLR will be burned immediately with a further 66 million set to be burned monthly until January 2026.
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Perpetual Trading Protocol GMX Bags Biggest Chunk of $40M Arbitrum Grant
Arbitrum projects will receive token grants that may help attract new money to the popular blockchain.
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Bitcoin Spot ETFs Approval Partially Priced In, Coinbase Says
Spot-based ETFs are widely expected to unlock floodgates for mainstream money. Flows, however, are likely to materialise overtime, according to Coinbase.
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Bitcoin Is Currently Neither ‘Bullish’ or ‘Bearish,’ Traders Say
Major tokens seemed to stabilize on Friday morning following a week-long price drop.
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Coinbase Sounds Alarm on IRS Crypto Tax Proposal
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.
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Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
Risk-off sentiment hit markets as a slightly hotter-than-expected inflation reading boosted U.S. Treasury rates and the dollar.
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Ethereum Has Nearly Cleared Out Validator Queue, a Sign of Weak Staking Demand
The waiting time to deploy new validators to the Ethereum network has diminished to just five hours from a peak of 45 days in early June.