UK Finance launches pilot for tokenised sterling deposits
UK Finance launches GBTD pilot with six banks to test tokenised sterling deposits until 2026. Quant Network to power digital pound pilot, exploring payments, remortgaging and bond settlement. FCA readies…
AAVE gains strength as Aave dominates DeFi lending with over $50B net deposits
Aave has become the first lending protocol to exceed $50 billion in deposits. The breakthrough suggests rising adoption and confidence in DeFi. Native token AAVE remains poised for impressive growth.…
Katana mainnet launch nears as pre-deposit closes with $200M in active deposits
Katana mainnet launch is around the corner after over $200 million in productive DeFi deposits. Katana’s VaultBridge and CoL mechanisms will power yield and liquidity efficiency. Katana supports cross-chain assets…
River introduces Bitcoin interest on cash deposits feature
River has announced a new feature dubbed, ‘Bitcoin Interest on Cash’ The product allows customers to get BTC for interest earned on their cash deposits. The US-based platform will offer…
PENDLE price outlook as whale deposits tokens on Binance
Pendle (PENDLE) price dips 3% to near key support area. A whale has deposited 755k PENDLE tokens on Binance. Arthur Hayes has also staked 1.65 million PENDLE, worth about $8.4…
Binance adds direct deposits and withdrawals for dYdX
Binance has announced its integration with the dYdX Chain mainnet. Deposits for DYDX are open, while support for withdrawals will go live once there’s sufficient volume. Binance users can now…
Three major UK banks experimenting with tokenised deposits amid ‘Britcoin’ uncertainty
Barclays, Lloyds, and Citi banks experimenting with tokenised deposits. The trial aims to explore digital banking potential amidst the uncertain future of ‘Britcoin’. BIS’s Agora project and UK government support…
CoinEx set to resume deposits and withdrawals
CoinEx has undergone a complete reconstruction of its wallet system after the $70 million hack. The exchange will recommence deposit and withdrawal services for specific cryptocurrencies. Deposit and withdrawal services…
Citi just launched ‘tokenized deposits’ for institutional clients
Citi Token Services will help enable instant transfers globally. The new service will be accessible via its existing systems. Citi shares are down over 15% versus their year-to-date high. Citigroup…
Bitfinex introduces zero-cost deposits for Turkey customers
Bitfinex Turkey has partnered with local banking giant Vakıfbank to offer zero-cost deposits for the Turkish Lira (TRY). Customers will also access no-fee withdrawals for up to 2 million TRY.…