Tag: Decentralized finance
Navigating the Memecoin Mania: Binance Founder Urges Utility Innovation
Binance founder Changpeng Zhao has raised concerns about the current hype surrounding memecoins and is calling for more focus on developing utility-driven tokens. In a recent post on social media, Zhao acknowledged the popularity...
Franklin Templeton Launches $410M Money Market Fund on Ethereum Blockchain
Franklin Templeton has recently made a significant move by launching its OnChain U.S. Government Money Market Fund on the Ethereum blockchain. This allows the fund to be traded on Ethereum, which is currently the...
Republican State AGs and DeFi Lobby Challenge SEC’s Crypto Enforcement – Lawsuit Analysis
A group of state attorneys general and the DeFi Education Fund have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners. They claim that the SEC is overstepping...
Tokenized Money Market Funds: The Rise of Stablecoin Alternatives
The stablecoin market has seen significant growth over the past year, with an all-time high market cap of $171 billion. Major players like Visa, PayPal, Revolut, and Stripe have all entered the stablecoin space,...
Magic Labs Unveils Chain Unification Network ‘Newton’ for Polygon’s AggLayer
Magic Labs recently announced the unveiling of Newton, a chain unification network designed specifically for Polygon's AggLayer. This network will allow wallet solutions to seamlessly integrate with the AggLayer, which serves as a platform...
Bitcoin Developers Collaborate with StarkWare and Blockstream for Breakthrough Features in New Update
A group of Bitcoin developers from different teams have come together to make a significant breakthrough on the Bitcoin blockchain. They have found a way to add a type of programming called "covenants" that...
Franklin Templeton Launches Tokenized Treasury Fund on Layer 2 Blockchain
Franklin Templeton has recently made an exciting announcement regarding its OnChain U.S. Government Money Market Fund. The fund is now available for trading on Coinbase's Base blockchain, marking a significant milestone as the first...
Proposed Deflationary Tokenomics in MakerDAO Rebranding: A Strategic Approach
Rune Christensen, the founder of Sky, formerly known as MakerDAO, has put forth a proposal for a strict deflationary approach to the governance token of the protocol. The community is set to vote on...
Unlocking the Potential: How Bitcoin’s Original Blockchain Could Revolutionize DeFi
The developers behind the BOB project, which stands for "Build everything on Bitcoin," have introduced a new vision paper outlining a design for a hybrid layer-2 network that could potentially position Bitcoin as the...
The Future of Stablecoins: Allaire Predicts Trillion-Dollar Expansion in 10 Years
The future of stablecoins looks promising, according to Circle CEO Jeremy Allaire. He predicts that stablecoins could capture 5%-10% of the global money supply over the next decade. This growth could lead to the...