Mega Matrix has executed a second $3 million ENA purchase. This brings its total haul to $6 million, signaling a commitment to its governance-token strategy and broader DeFi ambitions. Summary Mega Matrix adds another $3 million in Ethena’s ENA, bringing total holdings to $6 million. The move is part of its new DeFi Asset Treasury…
After months of anticipation and behind-the-scenes development, Ethereum core contributors have finally set a date for the Fusaka upgrade. Summary Ethereum’s Fusaka upgrade has been scheduled for Dec 3, 2025. Testnet upgrades on Holesky, Sepolia, and Hoodi will take place in October before the main rollout. The upgrade introduces major scalability changes, aimed at making…
The CFTC chair nomination process is facing delays as the White House reportedly weighs new candidates, with the confirmation of Trump nominee Brian Quintenz stalled in the Senate. Summary The White House is considering new candidates for CFTC chair as Brian Quintenz’s stalled nomination remains unresolved. Reports claim potential chair candidates include chief counsel to…
Coinbase is deepening its decentralized finance push with the launch of onchain lending for USDC directly within its app. Summary Coinbase has unveiled onchain USDC lending with yields up to 10.8% APY. Integration with Morpho on Base allocates funds across lending markets via smart contract wallets. Rollout starts in select regions, expanding access to DeFi…
The Binance Coin (BNB) has finally broken the $1,000 barrier, hitting the four-digit mark for the first time in history. Summary BNB price hits $1,005, setting a new all-time high amid bullish momentum and favorable macroeconomic conditions. Binance founder Changpeng Zhao (CZ) celebrated the milestone as a true “community effort.” Institutional Interest in Binance Coin…
Stablecoin development in South Korea has advanced with the launch of KRW1, a won-pegged token issued on the Avalanche blockchain. Summary BDACS has launched KRW1, a new South Korean won-pegged stablecoin issued on the Avalanche blockchain. Each KRW1 token is fully backed 1:1 with won held in escrow at Woori Bank, with real-time proof-of-reserves integration. …
Ondo Finance has launched USDY, a yield-bearing stablecoin backed by U.S. Treasuries and bank deposits, on the Stellar network, marking the first product of its kind available to Stellar users. Summary Backed by short-term U.S. Treasuries and bank demand deposits, USDY accrues daily yield while maintaining liquidity, allowing individuals, small businesses, and institutions to earn…
Curve Finance has proposed a new protocol called Yield Basis that would share revenue directly with CRV holders, marking a shift from one-off incentives to sustainable income. Summary Curve Finance has put forward a revenue-sharing protocol to give CRV holders sustainable income beyond emissions and fees. The plan would mint $60M in crvUSD to seed three Bitcoin…
Maestro, a Bitcoin-native financial infrastructure platform, has introduced an institutional-grade solution aimed at accelerating adoption of the benchmark digital asset in decentralized finance. Summary Bitcoin-native platform Maestro targets expansion as BTC yield products provider for institutional investors. The launch of Maestro Institutional targets use of Bitcoin as collateral in capital markets. Maestro Institutional is a…
Circle has rolled out native USDC on Hyperliquid’s HyperEVM chain and taken a direct stake in the network, marking a deeper push to expand the stablecoin’s reach and support the fast-growing DeFi platform. Summary Circle launched native USDC on Hyperliquid’s HyperEVM. The stablecoin issuer has also become a stakeholder through a HYPE token investment as…
