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.
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Major Crypto Firms Need Extra Rules, Global Cooperation, ECB’s McCaul Says
The central banker said firms like Binance should be forced to disclose legal status and lines of accountability, with extra rules on top of the European Union's upcoming MiCA crypto regulation.
Ether Capital CEO: Shanghai Upgrade Likely to Be 'Nonevent' on ETH's Price
The upgrade may in time attract a new group of investors, Brian Mosoff, said.
Hidden Inside MacOS, the Bitcoin White Paper
Satoshi’s vision exists in every version of MacOS from Mojave to Ventura, but is not in the older High Sierra (10.13) or earlier.
Magic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad
After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.
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.
Hong Kong’s Financial Secretary Declares Now Is the 'Right Time' for Web3 Adoption
Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.
Sotheby's Relaunches Glitch Digital Art Sale After Representation Backlash
The "Glitch: Beyond Binary" art sale is a reboot of last month's "Glitch-ism" auction and features a more diverse roster of artists.
First Mover Asia: Is a ‘Sharp Move’ Around the Corner for Bitcoin and Ether?
ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital-asset innovation and leadership away from the U.S.?
Sushi DEX Recovers 100 Ether After Millions Lost on Weekend Exploit
‘White hat’ hackers are working to recover more of the stolen funds as of Monday.