Crypto News
DeFi Protocol Usual’s Surge Catapults Hashnote’s Tokenized Treasury Over BlackRock’s BUIDL
There's been a change of guard at the rankings of the $3.4 billion tokenized Treasuries market.Asset manager Hashnote's USYC token zoomed over $1.2 billion in market capitalization, growing five-fold in size over the past three months, rwa.xyz data shows. It has toppled the $450 million BUIDL, issued by asset management behemoth BlackRock and tokenization firm Securitize, which was the largest product by size since April.USYC is the token representation of the Hashnote International Short Duration Yield Fund, which, according to the company's website, invests in reverse repo agreements on U.S. government-backed securities and Treasury bills held in custody at the Bank of New York Mellon.Hashnote's quick growth underscores the importance of interconnecting tokenized products with decentralized finance (DeFi) applications and...
Luigi Mangione Lands in Same Jail as Diddy, FTX Founder Sam Bankman-Fried
The suspect in the murder of UnitedHealth Group CEO Brian Thompson, Luigi Mangione, is sharing a facility with fellow high-profile inmates.Source link
Bitcoin Balances on a Razor’s Edge: Is a Breakout or Breakdown Looming?
On Friday afternoon, crypto markets appeared to catch their breath, though traders remained on edge, bracing for bitcoin’s next twist. At press time, BTC was trading at $96,800 to $97,150 per coin, while the broader crypto economy stood at $3.34 trillion—down 2.7% after some recovery. Bears Take a Breather Despite recent turbulence, the crypto marketSource link
Tether CEO Paolo Ardoino Teases AI Platform Targeting Early 2025 Debut
Tether, the crypto company behind the $140 billion cryptocrrency USDT, is working on an artificial intelligence (AI) platform and aiming to debut early next year, according an X post by CEO Paolo Ardoino. "Just got the draft of the site for Tether's AI platform. Coming soon, targeting end Q1 2025," Ardoino posted on Friday.Tether is known for issuing USDT, the most popular stablecoin in the market, but the company recently made significant efforts under Ardoino's leadership to expand its business beyond stablecoin issuance.Read more: Tether’s Paolo Ardoino: Building Beyond USDTIt invested in several companies across sectors including energy, payments, telecommunications and artificial intelligence, entered into commodities trade financing and reorganized its corporate structure earlier this year to reflect its broadening...
‘Ragnarok: Landverse’ Expanding to Ethereum Gaming Network Ronin
Spun off from the classic Ragnarok Online experience, crypto game Ragnarok: Landverse will land alongside Pixels and Axie Infinity on Ronin.Source link