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Stablecoins that earn yield could overtake current swathe of stablecoins, says Ondo COO

Stablecoins that earn yield could overtake current swathe of stablecoins, says Ondo COO

The lure of generating yield on large stablecoin reserves could encourage a switch to the newer assets, says Ondo’s COO.

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Robert Leshner’s Superstate introduces Ethereum-based tokenized fund

Superstate has introduced its first product — an Ethereum-based short-duration U.S. government securities fund called USTB.

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Superstate Debuts Tokenized Short-Term Treasury Fund on Ethereum to Compete for Zero-Yield Stablecoins

Superstate’s USTB token aims to offer institutional investors an alternative to stablecoins to earn a yield on their on-chain cash holdings, Superstate founder and CEO Robert Leshner said.

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Polygon Labs Cuts 19% of Staff, 60 Roles, for ‘Enhanced Performance’

The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.

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Coinbase targets ‘VIP’ crypto traders at rival exchanges with no-fee promo

Company rolls out no-fee promotion in an attempt to attract high-volume crypto traders that utilize services offered by rival platforms.

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Crypto Startup Velar Plans Perpetual Swaps Exchange for Bitcoin DeFi After Raising $3.5M

Crypto trading startup Velar raised $3.5 million to build a suite of DeFi tools for Bitcoin’s nascent DeFi scene

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Aevo plans airdrop for early adopters of derivatives protocol

The Aevo token contract was deployed, with plans to reward traders and early adopters.

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Market Manipulation May Have Hit Majority of New Ethereum Tokens in 2023: Chainalysis

A new study by the on-chain sleuth found possible pump and dump patterns for 54% of tokens listed in 2023.

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Celsius’ Bitcoin Mining Assets to Restart as New Unit Prepares to Go Public

The new company, Ionic Digital, expects to hit mining capacity of 12.7 exahash per second (EH/s).

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Web3 Gaming Company Saltwater Raises $5.5M Seed Funding

Saltwater closed its seed round on the heels of acquiring gaming developers Maze Theory, Nexus Labs and Quantum Interactive.

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