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Galaxy Digital Bets $100M on Sky’s sUSDS Yield Stablecoin
Galaxy Digital has allocated $100 million to sUSDS, Sky’s yield-bearing stablecoin, and will accept it as loan collateral. The move marks a major milestone for DeFi adoption by traditional finance institutions.
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Ethena Adds Binance bStocks to USDe Backing Strategy
Ethena is expanding USDe’s backing strategy by adding Binance bStocks and equity perpetuals to its basis trade. This move brings tokenized stocks into the synthetic dollar’s reserves, signaling deeper ties between DeFi and traditional finance.
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Bitwise NEAR ETF Approved: NEAR Price Surges 20%
The Bitwise NEAR ETF has been approved to list on NYSE Arca under the ticker NRR, making it the first spot altcoin ETF. NEAR’s price surged 20% on the news, extending a 36% weekly rally.
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US Spot Ethereum ETFs Pull in $747M: What This Means for ETH
US spot Ethereum ETFs pulled in $747 million over five consecutive days, signaling strong institutional confidence in ETH. The surge highlights growing Wall Street interest and could pave the way for further price growth.
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Bitcoin as Digital Gold: Ex-CFTC Chief Explains Why
Former CFTC chairman Chris Giancarlo explains why Bitcoin is set to become digital gold, citing Fed rate hikes and soaring U.S. debt as key catalysts. He also shares his views on tokenization and crypto regulation.
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USDT and USDC Arrive on Bitcoin: Network Risks Explained
Tether and Circle are bringing USDT and USDC to the Bitcoin network through new protocols like Taproot Assets. While this could unlock new use cases and liquidity, it also raises governance concerns about centralized stablecoin issuers influencing future Bitcoin forks.
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Stablecoin Adoption Jumps to 56% With Bank Guarantees, Visa Finds
A recent Visa study shows that US stablecoin adoption could rise from 36% to 56% if issuers offered FDIC-like bank guarantees. The finding highlights how essential consumer protection remains for mainstream crypto adoption.
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Solana Foundation Hires Ex-Binance CMO to Boost Partnerships
The Solana Foundation has hired former Binance CMO Rachel Conlan and payments executive Jamal Raees to lead institutional partnerships and expand its work on stablecoins and tokenized deposits, signaling a major push into mainstream finance.