Crypto World
Solana Validators Approve Doubling Disinflation in First Governance Vote, With Kraken Reversing Late
Solana validators approved a proposal to double the rate at which SOL emissions decline, the first measure to pass through the network's new onchain governance system and the first time validators have agreed to cut issuance. SGP-0002 closed on Friday with 176.29 million SOL for, 66.19 million… Read the full story at The Defiant
Ethena said Friday that it plans to add equity-perpetual basis trades to USDe’s backing strategy, extending the synthetic dollar into stock-linked derivatives markets. Etherscan listed USDe’s circulating supply at about 4.063 billion tokens when checked. The announced rollout is still forthcoming…. Read the full story at The Defiant
Bitwise’s Solana staking fund has crossed $1 billion in assets under management, making BSOL the first Solana ETF to reach the threshold, according to Glassnode. The official fund page listed 9,332,360.79 SOL with a market value of $1.018 billion and net assets of $1.0175 billion as of Aug. 26. In… Read the full story at The Defiant
Bitcoin fell through $78,000 on Friday afternoon, giving up almost all of a weekly gain that had reached double digits, as investors read Federal Reserve Chair Kevin Warsh's first Jackson Hole address as a signal that the Fed is readier to raise rates than to cut them. The selling ran across risk… Read the full story at The Defiant
Stablecoin issuer Circle has launched native USDC and EURC on Plasma alongside Cross-Chain Transfer Protocol, or CCTP, and Bridge Kit, giving the stablecoin-focused Layer 1 first-party access to Circle-issued dollar and euro tokens and its crosschain transfer stack. Circle published mainnet… Read the full story at The Defiant
Tokenized real-world assets on Stellar passed $3 billion in July while the network's DeFi markets held a fraction of that, according to a report published Wednesday by oracle provider RedStone. Issuance on Stellar is running ahead of the lending markets and collateral pools that would make the… Read the full story at The Defiant
The Sandbox will repay eligible holders of bridged SAND on Base and BNB Chain 1:1 in Ethereum-based SAND after an Aug. 22 exploit drained 14,742,341.84 SAND from its Ethereum vault, the project said in an Aug. 27 post-mortem. The plan covers legitimately bridged balances recorded in a pre-incident… Read the full story at The Defiant
Bullish is providing USD.AI with a $100 million stablecoin debt facility to finance loans backed by GPUs and other AI computing infrastructure, the companies announced Friday. The commitment adds a new pool of capital for lending to AI infrastructure operators. The facility is large against… Read the full story at The Defiant
Avici said an attacker took $500,859.22 from the card balances of 1,685 users on Friday, and that every affected user will be refunded in full. The flaw was in a contract belonging to Rain, the card issuer behind Avici's Visa product, rather than in Avici's own code. Rain said its monitoring… Read the full story at The Defiant
The Ninth Circuit ruled Friday that Kalshi's sports event contracts are not swaps under the Commodity Exchange Act, clearing the way for Nevada to enforce its gaming laws against the prediction market. The decision turns on a single question with large commercial stakes: if the contracts are swaps,… Read the full story at The Defiant
The yield-generating asset has a special place in the digital asset investor’s portfolio, argues GlobalStake’s Ryan Haczynski.
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Tech4 days ago
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