Crypto News
Societe Generale Conducts Blockchain-Based Repo Transaction With French Central Bank
Societe Generale said it carried out a blockchain-based repurchase agreement with the Banque de France in what it called the first such tokenized transaction with a euro-zone central bank.The lender's digital assets-focused subsidiary, SG-Forge, deposited as collateral some bonds issued in 2020 on the public Ethereum blockchain in exchange for central bank digital currency (CBDC) issued by the Banque de France on its DL3S blockchain, it said in a press release.With the European Union's Markets in Crypto Assets (MiCA) regulatory framework already in place for stablecoin issuers, SG-Forge has maintained a high profile exploring ways to deploy its euro stablecoin, EUR CoinVertible (EURCV). The token was not involved in the repo transaction.The Banque de France, meanwhile, has been energetically testing...
Avalanche Closes $250 Million Token Sale Ahead of Upcoming Avalanche9000 Upgrade
Avalanche announced the recent closure of a $250 million token sale that will support the upcoming launch of Avalanche9000. This major upgrade aims to turn Avalanche into a swarm of interconnected L1s. Avalanche Raises $250 Million Before Major Avalanche9000 Upgrade Avalanche, a top 15 blockchain project, has recently closed a $250 million token sale inSource link
Polygon DAO Weighs $1.3B Stablecoin Deployment to Generate $70M Annual Yield
A Polygon DAO community cohort is considering a proposal to use its more than $1 billion of idle stablecoin reserves, currently held on the Polygon PoS Chain bridge to capture yields, per a pre-proposal governance post.“The PoS Bridge currently holds around $1.3B of stablecoins, which makes it one of the largest, but also idle, holders of stablecoins onchain,” the pre-proposal reads. “At the current benchmark lending rate for the 3 major stables this is an opportunity cost of around $70M annually.”“The authors believe that DeFi as a whole has matured whereby assets held in the Polygon PoS bridge can be used productively and securely to incentivize additional activity on Polygon PoS,” it added.DAOs are organizations represented by rules encoded as...
Luigi Mangione Gains Memecoin Infamy
The promising engineer from a wealthy Baltimore family was charged with the brazen, broad daylight murder of health insurance executive Brian Thompson. Alleged Killer Becomes Memecoin Darling Valedictorian-turned-villain Luigi Mangione, who has been accused of an assassin-style execution of United Healthcare CEO Brian Thompson last week in New York City, has become the face ofSource link
Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B
Bitcoin (BTC) is not the only one setting milestones. HyperLiquid, the leading on-chain perpetuals trading protocol operating on its custom-built layer 1 blockchain, is setting impressive records, too, with the platform seeing more activity in ether (ETH) than bitcoin.The cumulative perpetuals volume on the platform has surged past $500 billion, registering a staggering 15-fold year-to-date rise, according to DefiLlama.The platform has seen an average daily volume of over $5 billion in the past seven days, accounting for over 45% of the total onchain perpetuals market activity of the past 24 hours.What's more interesting is that ether, not bitcoin, is leading the boom in activity this week. Since Monday, ether perpetuals have registered a cumulative trading volume of $7 billion. That's...