Polygon Unveils Ambitious Proposal to Unlock $1.3B in Stablecoin Reserves for DeFi Yield Program
A new proposal for the Polygon PoS Bridge seeks to activate $1.3 billion in idle stablecoins, generating $91 million in annual yield.
A new proposal for the Polygon PoS Bridge seeks to activate $1.3 billion in idle stablecoins, generating $91 million in annual yield.
“A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state,” said Republican State Representative Giovanni Capriglione.
The new trusts provide exposure to the governance tokens of Lido DAO (LDO) and Optimism (OP), targeting accredited investors seeking indirect participation in Ethereum’s ecosystem.
While on-chain metrics already give enough optimism for a potential ETH price surge, institutional interest in Ethereum is also stronger than ever.
The Avalanche Foundation raised $250 million fundraising, with funds aimed at enhancing its platform’s scalability and efficiency.
Push Protocol is expanding beyond communications as it is evolving to become a full-fledged L1 chain.
Despite legal hurdles, Binance has outperformed its competitors, seeing a 36% higher deposit volume than ten major exchanges combined.
AMP, Australia’s major retirement fund, has made a pioneering move by investing $27 million in Bitcoin, becoming the first significant superannuation fund to do so.
Coinbase’s December 11, 2024 announcement adding PNUT to its roadmap for potential listing has sparked renewed investor enthusiasm.
Alipay, China’s largest payment platform, displayed new advertisements promoting spot Bitcoin ETFs with a minimum investment of 10 yuan ($1.40).
Byte Federal noted that the hackers accessed personal information including name, address, phone number, email, government-issued ID, social security number, transaction activity, and photographs of users.
Amid the rising TVL, trading volumes, and other network metrics, the Aerodrome Finance market value is preparing for an all-time high. Will the underlying demand zone sustain market fluctuations for an extended run in AERO prices?
Pudgy Penguins NFT floor price jumps above the $100,000 price mark amid growing popularity.
Japan’s legacy of innovation and Web3 leadership makes it a natural choice for Fireblocks’ expansion.
Australia has identified an urgent need to address the misuse of cryptocurrency within its borders.
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