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CYRPTO TIMES

On-chain data backs $6K target

Ethereum price is holding firm above $4,500, with both on-chain data and technical indicators suggesting further upside potential.  Summary Ethereum trades at $4,546, up 5.5% in 7 days, 7% in 30 days. On-chain data shows exchange reserves at multi-year lows. CryptoQuant analyst sets $6,000 year-end target as staking inflows rise. ETH was trading at $4,546…

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KernelDAO to launch new reward-bearing stablecoin KUSD

BNB Chain-based restaking protocol KernelDAO is stepping into real-world credit with a reward-bearing stablecoin that generates yield from institutional usage rather than sitting idle. Summary KernelDAO unveiled KUSD, a reward-bearing stablecoin backed by short-term receivables. Designed for remittances, payroll, and trade finance, KUSD generates yield from institutional usage. Built on KernelDAO’s $2.4B DeFi base, targeting…

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Grove anchors $50m in Apollo tokenized credit fund on Plume

Grove has announced a landmark tokenization deal, deploying $50 million as the cornerstone investor for Apollo’s diversified credit strategy now live on the Plume blockchain. Summary Grove has anchored $50 million in Apollo’s new tokenized credit fund (ACRDX) on Plume. The fund combines Apollo’s credit strategy with Centrifuge tokenization and Plume’s blockchain infrastructure. Available via…

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