Maker, now Sky, faces backlash over USDS stablecoin’s freeze function
Sky’s USDS stablecoin has a freeze function, raising decentralization concerns. Rune Christensen, Sky’s co-founder, says the freeze function won’t be active at launch. Sky’s website is blocking VPNs further adding…
Crypto downturn sees BTC touch $58k;Bitcoin Dogs fluctuates
Bitcoin (BTC) touched lows near $58k as cryptocurrencies witnessed a sharp sell-off. 0DOG token tumbled amid Bitcoin’s losses. Bitcoin dived more than 6% in the past 24 hours to trade…
How to Add Sei to MetaMask
How to Add Sei Network to MetaMask Sign in to https://chainlist.org/ with your MetaMask wallet. Search for Sei and confirm the chain ID (1329). Click Add to MetaMask. Key Takea...
Robinhood Wallet has added support for Solana
Robinhood Wallet now supports Solana tokens, with the self-custody wallet available on iOS and Android. Solana price rose slightly after the news. The Robinhood Wallet, a self-custody wallet app available…
Ethereum falls below $2.6k as whales dump ETH
Ethereum is down more than 5% in the past 24 hours to trade below $2,600 as altcoins show weakness. The top altcoin’s dip to lows of $2,560 on Tuesday however…
Ondo Finance launches its permissionless yieldcoin USDY on Arbitrum
Ondo’s USDY yieldcoin is now live on Arbitrum, offering 5.35% APY for non-US investors. USDY integrated with Camelot and Dolomite for trading, lending, and yield generation. USDY represents 17% of…
Maker Protocol rebrands to Sky, Dai stablecoin rebranded to USDS
Maker Protocol rebrands to Sky, renaming Dai stablecoin as Sky Dollar (USDS). MKR governance token upgraded to Sky (SKY) with a 1:24,000 conversion rate. Maker SubDAOs rebranded as Sky Stars,…
Aave Labs proposes to integrate BlackRock’s BUIDL into GHO Stability Module
Aave Labs proposes integrating BlackRock’s BUIDL with the GHO Stability Module. The update aims to enhance capital efficiency and expand real-world asset yield. BUIDL integration allows 1:1 USDC swaps, monthly…
Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund
Xapo Bank and Hilbert Group will launch a Bitcoin-denominated hedge fund. The BTC fund will receive an initial investment of $200 million from Xapo and other investors. Xapo Bank is…
Celsius repays two-thirds of its creditors
Celsius has repaid $2.53B to 251,000 creditors, covering 84% of the debt. 121,000 creditors still haven’t claimed their funds, many due small amounts. Former CEO Alex Mashinsky faces fraud charges,…