The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.
ArkotNews
DWF Labs Invests $16M in RACA to Spur Web3 Gaming Ecosystem
RACA has evolved from managing the NFT collection of Elon Musk’s mom to a Steam-like blockchain gaming ecosystem.
Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report
South Korea has requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.
Bitcoin Shorts Take on 87% of Futures Liquidations as BTC Crosses $30K
Over $145 million in shorts against bitcoin prices were liquidated since early Asian morning hours on Tuesday.
S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
The exchange said hackers transferred the crypto assets from a hot wallet to an unidentified wallet.
Asia-Based Digital Asset Firm Hashkey Group Introduces Wealth Management Service
HashKey has also expanded its OTC service by expanding its liquidity coverage and range of tokens in the spot market.
Crypto Exchange Zipmex Files for Two-Month Moratorium Extension
The request comes after an investor failed to maintain payments to the exchange.
AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation
CryptoGPT recently rolled out AI assistant "Alex" and is developing its ZK rollup layer 2 blockchain and a data-to-AI engine, which collects, encrypts and transfers data for commercial applications.
Pfizer-Backed VitaDAO Votes on Creating For-Profit Company to Fund Longevity Research
The DAOs native token, VITA, rose 3% on news the community was considering the proposal.
Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg
An industry report is expected to outline best practices in areas including due diligence and risk management.
