Ethena Labs Leverages Bitcoin to Enhance USDe Stability
Ethena Labs has announced the onboarding of Bitcoin as a backing asset to enhance the stability and appeal of its USDe stablecoin.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Ethena Labs has announced the onboarding of Bitcoin as a backing asset to enhance the stability and appeal of its USDe stablecoin.
The crypto derivatives market saw impressive growth in March, yet, for the sixth consecutive month, it also saw a decline in its overall share of the total market activity.
ZA Bank in Hong Kong is in talks with potential stablecoin issuers to provide fiat reserve accounts for backing tokens as part of the city’s push to become a digital asset hub.
The new Ripple-backed stablecoin on the XRPL and Ethereum networks will significantly improve XRP’s liquidity through the recently unveiled AMM.
In the first quarter of 2024, the digital frontier witnessed an escalation in cybersecurity incidents, with the blockchain and cryptocurrency sectors at the epicenter of this digital turbulence.
The hacker involved in the 2022 exploit of the Wormhole ETH-SOL bridge could have received up to $50,000 from Wormhole’s recent airdrop.
In a significant move for the DeFi space, Frax Finance has announced its expansion into the Cosmos ecosystem, partnering with Noble, the on-chain asset issuance blockchain.
A key part of this launch is the opportunity for users to stake their BNB (Binance Coin) and FDUSD (Binance USD) into separate pools over a period of four days to earn SAGA tokens.
Crypto startup GSR Markets has bagged the Major Payment License (MPI) In Singapore, a move that depicts growing regulation in the country.
The new Galaxy Digital fund dubbed the Galaxy Ventures Fund I, LP, will invest in as many as 30 startups over the next three years.
Irina Dilkinska, former OneCoin executive, received a four-year sentence for her role in laundering funds from the $4 billion crypto scam, despite her plea for leniency due to her children and harsh jail conditions.
Velar, a Bitcoin native DeFi protocol, has unveiled and listed its native token, VELAR, across major DEXs and CEXs.
The journey of stablecoins in the crypto ecosystem has been both revolutionary and fraught with controversy. The recent rise of Ethena and its USDe stablecoin invites comparisons to previous endeavors, promising high yields in a market still reeling from past stablecoin failures.
Key developments in the Litecoin ecosystem has attracted whale attention to the altcoin as bulls gear up for the LTC price rally to $150.
According to Forbes’ 2024 World Billionaires List, crypto has made more billionaires this year than it did in 2023.