Tether’s Record $1.3 Billion Q2 Profit Puts It Among Top Treasury Holders Globally
TL;DR Tether reports record net operating profit of $1.3 billion for Q2 2024, bringing the total to $5.2 billion in the first half of the year.
blockchain (Latest Publications)
Aptos Unveils USDY Stablecoin Backed by US Treasurys
TL;DR Ondo Finance introduces USDY, the first Treasury-backed stablecoin on the Aptos blockchain. It offers a 5.3% APY yield and integrates with major DeFi protocols on
Bitcoin ETFs See Massive $18.3M Outflow Amid Market Shake-Up
TL;DR Bitcoin ETFs experienced an outflow of $18.3 million on July 30. BlackRock’s Ethereum ETF, ETHA, saw an inflow of $118.0 million, outperforming its Bitcoin counterpart.
Terra Blockchain Resumes Operations After $4 Million Heist
TL;DR Security Breach and Emergency Patch: Terra faced a major security breach, resulting in the theft of over $4 million worth of tokens. The attack exploited
LayerZero to Power Interoperability for Animoca Brands’ Web3 Gaming Ecosystem
TL;DR Strategic Partnership: Animoca Brands has partnered with LayerZero Labs to integrate LayerZero’s omnichain interoperability protocol into its ecosystem. This collaboration aims to enhance user and
Movement Labs and Polygon Labs Join Forces to Enhance Layer 2 Liquidity Solutions
TL;DR Unifying Liquidity Across Ecosystems: Movement Labs partners with Polygon Labs to enhance liquidity solutions on Layer 2 blockchains. The collaboration bridges MoveVM-based networks and Ethereum
Research Claims Bots Drive Solana’s Transaction Boom, Overtaking Ethereum
TL;DR Solana metrics appear inflated, with many non-organic transactions. Solana faces high activity from fraudulent projects and volume manipulation via bots. There is a significant discrepancy
Ethereum (ETH) Set for Massive Price Swings, Outpacing Bitcoin in Volatility!
TL;DR Bitcoin hit $70K after Trump’s speech, but fell to below $67K due to the US government’s transfer of 30,000 BTC. Ethereum has performed relatively well
Lava Network’s Mainnet Debuts with $2M in Incentives and Google Cloud Partnership
TL;DR Lava Network launches public mainnet with support for Filecoin, Starknet, and Cosmos, and a $2 million incentive fund. Token strategy with a broader distribution and
Solana-Based PYUSD Stablecoin Grows to $240M, Yet Still a Small Market Share
TL;DR Explosive Growth on Solana: PayPal’s PYUSD stablecoin has seen remarkable growth on the Solana blockchain since its May launch. However, it still holds a relatively
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