The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services.
ArkotNews
M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause
The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.
A ‘Super App’ May Be Web3’s Super Power
Elon Musk has a vision to turn Twitter into an all-in-one app, like WeChat. Turns out, permissionless and composable crypto platforms together form something better than the sum of its parts.
First Mover Americas: Bitcoin Buckles the Day Before U.S. Jobs Report
The latest price moves in crypto markets in context for April 6, 2023.
Ether Jumps Above $2K a Day After Ethereum Shanghai Upgrade
The token was up more than 5%. Institutional investors remain in wait-and-see mode, says one analyst.
USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble
The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.
Avalanche’s Cortina Upgrade Goes Live on Protocol’s Testnet; AVAX Token Rallies
The change improves support for exchanges and may bring faster development, Avalanche says.
Web3 Experiential Tokens and Asset Pricing
Web3 consumer engagement models are still in their infancy, but could have the potential to unlock incremental value and enable price discovery for creators and investors alike.
BNY Mellon CEO Says the Bank Is Going 'Incredibly Slow' on Crypto
Robin Vince said the lender won't be as aggressive as other banks have been in trying to gain crypto deposits.
Payments Firm Nuvei’s Ties With FTX Questioned in Spruce Point Capital Report
Nuvei's shares fell by as much as 6% in premarket trading after Spruce Point warned of a 50% downside, but rebounded into positive territory mid-morning.