Yield platform Pendle has amassed billions of value in just a few months, with heavy trading volume at the same time.
Fidelity’s FBTC led the inflows on Wednesday, attracting $116.7 million, while outflows from Grayscale’s GBTC fund slowed to $75.1 million.
The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.
The Solana DeFi application Kamino is offering a weekly yield of more than 999%, paid out in W and JTO tokens.
The license is the first awarded by Singapore to a crypto market maker.
The approval may be a positive precedent for crypto regulation in other countries, one expert told The Block.
The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version, sFRAX, will become native to the Cosmos ecosystem via Noble.
Dilkinska had pled guilty to wire fraud and money laundering conspiracies related to OneCoin in November 2023.
Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction.
Go to Source Author: Matthew Homer
