Asset manager 21Shares aims to bring institutional exposure to the DeFi space with its latest HYPE ETF filing. Meanwhile, the token is facing pressure as it tests key support levels. Summary 21Shares files for the 2x leveraged HYPE ETF, targeting double the daily returns. Leverage exposure will be achieved using swaps, eliminating the need for…
RootstockLabs launched Rootstock Institutional, aiming to deploy $260 billion in institutional Bitcoin into DeFi. Summary RootstockLabs launched Rootstock Institutional to explore institutional Bitcoin uses Major institutions currently own $260B in BTC that remains idle Institutions could deploy this idle BTC in DeFi, earning yield for investors Over 2.6 million Bitcoin (BTC) held by institutions remains…
Bitpanda partnered with the Societe Generale digital asset arm to offer its stablecoins to retail users in Europe. Summary Bitpanda partnered with the Societe Generale digital asset arm to offer regulated stablecoins SG-FORGE issued EURCV and USDCV stablecoins will be available on DeFi Both stablecoins comply with the EU’s stringent MiCA stablecoin regulations Bitpanda and…
Project 0 is introducing a new primitive to the DeFi stack with its Kamino link, creating a unified margin layer that eliminates the need for traders to constantly rebalance separate, overcollateralized accounts on different platforms. Summary Project 0 integrates with Kamino to launch DeFi’s first unified margin system, enabling cross-venue collateral management. The move allows…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The phrase fair launch evokes images of grassroots communities with no preferential treatment for any specific group, equal access for all with no development or team incentives, and protocols born without hidden…
Coinbase CEO Brian Armstrong slammed a Senate Democratic proposal that would regulate DeFi front-ends as brokers, calling it a “bad proposal” that threatens U.S. crypto innovation. Summary Coinbase CEO Brian Armstrong criticized a Senate Democratic proposal to regulate DeFi front-ends as brokers, saying it would hinder U.S. crypto innovation. Other crypto advocates echoed the concern,…
Momentum Finance, the leading decentralized exchange on Sui, has announced plans for its upcoming MMT Community Offering on Buidlpad. Summary Momentum Finance will raise $4.5 million via its MMT community token sale on Buidlpad.. Early campaign participants gain Tier 1 access at a lower valuation and higher contribution limits. The sale cements Momentum’s community-first approach, reinforcing its status as Sui’s…
Blockdaemon, a leading staking provider for institutions, and Aave Labs, a key contributor to the Aave protocol, have joined forces in a strategic partnership aimed at boosting access to decentralized finance opportunities for institutions. Summary Aave Labs and Blockdaemon say the partnershio aims at expanding institutional access to DeFi. Blockdaemon Earn Stack customers can now…
DeFi protocol Abracadabra lost $1.8 million after an attacker exploited a simple logic mistake in its batch function. Analysts at Hacken say the attacker already laundered funds via Tornado Cash. Summary Abracadabra lost almost $2 million after an attacker exploited a simple logic mistake in its batch function, similar to an attack on a forked…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Recent market volatility and ongoing stress tests faced by firms accumulating digital assets for exposure have cast a harsh light on asset treasury practices in web3. As digital assets go mainstream, they…
