DeFi Platform Earning Yield by Shorting Ether Attracts $300M on First Day
Ethena offers 27% annualized rewards to holders of its USDe stablecoins, a yield it generates mostly by shorting ether futures.
Financial
Financial
Bitcoin Order Books Are Most Liquid Since October as Market Depth Nears $540M
Order book liquidity indicates how easy it is to buy and sell large quantities at stable prices.
Financial
Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT
Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with the now-bankrupt crypto exchange FTX.
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UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
Economic Secretary to the Treasury Bim Afolami has said the U.K. government was “pushing very hard” to bring legislation for stablecoins and staking services for crypto assets within six months.
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Craig Wright Witness Defends Saying Headed for ‘Train Wreck’ With COPA Trial
Stefan Matthews said the damning message referred to poor trial prep and not Wright’s claims to being Bitcoin inventor Satoshi Nakamoto.
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Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock’s IBIT Leads: CoinShares
Inflows accelerated last week, indicating increasing demand for the new spot-based exchange-traded funds, CoinShares head of research James Butterfill said.
Financial
First Mover Americas: All Eyes on Ether
The latest price moves in crypto markets in context for Feb. 19, 2024.
Financial
Worldcoin’s Rocketing WLD Token Could Benefit Creditors of Three Arrows Capital, FTX
However, WLD prices may run into headwinds as a token unlock worth $165 million is set to begin today, occurring until Feb.26, veri from Token Unlocks show.
Financial
Ether’s Fundamental Supply Outlook Better Than Bitcoin’s, Analyst Says as ETH Tops $2.9K
Ether has rallied 16% in seven days, outperforming bitcoin’s 8.5% rise.
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Virginia Proposes a Mere $17,192 a Year for New Blockchain and Cryptocurrency Commission
The money is set to cover the costs associated with having meetings including travel expenses.