Ethena, a $1.3B Yield-Earning Protocol, to Debut Governance Token Next Week

Ethena, a $1.3B Yield-Earning Protocol, to Debut Governance Token Next Week

[ad_1] Ethena’s USDe token, often referred to as “synthetic dollar,” offers steady yields to investors by using ether (ETH) liquid staking tokens such as Lido’s stETH as backing assets, pairing them with an equal value of short ETH perpetual futures position on derivatives exchanges to keep a “rough target” of $1 price. This is also … Read more

BlackRock's Tokenized Fund Quickly Rakes in $245M, Right Behind Franklin Templeton's Older Offering

BlackRock's Tokenized Fund Quickly Rakes in $245M, Right Behind Franklin Templeton's Older Offering

[ad_1] BlackRock’s BUIDL token on the Ethereum blockchain, created with asset tokenization platform Securitize, represents investment in a fund that holds U.S. Treasury bills and repo agreements. Its price is pegged to $1, and holders receive a yield from the underlying assets paid in the token. The offering is targeted to large institutional investors. [ad_2] … Read more

BlackRock's Fink Says an Ether ETF Is Possible Even if ETH Is a Security

BlackRock's Fink Says an Ether ETF Is Possible Even if ETH Is a Security

[ad_1] Eight potential issuers, including BlackRock, have submitted filings with the SEC to bring a spot ether exchange-traded fund (ETF) to the market. The final decision by the regulator is due in May, with industry experts predicting that applications won’t get approved, regardless of what the SEC finds the nature of ether to be. [ad_2] … Read more

Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here’s The Destination

Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here’s The Destination

[ad_1] The crypto community’s attention has been drawn to a Bitcoin whale who recently moved a huge portion of their BTC holdings across different wallets. This action has sparked the curiosity of those in the community about the reason for these transactions.  Bitcoin Whale Moves $6 Billion In BTC Blockchain analysis platform Arkham Intelligence first … Read more