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.
ArkotNews
U.S. Adds 236K Jobs in March Versus Forecasts for 239K
Bitcoin was little changed at $27,900 in the minutes following the roughly in-line report.
Crypto Investors: Why You Need to Understand Layer 1 Protocols
There’s value in crypto, especially layer 1 protocols, even if regulators and politicians don’t dig enough to see it.
Crypto Investors Unmoved by Revised Jobless Data
Jobless claims beat expectations by an even wider margin than in the initial report, after a revision Thursday. Crypto investors largely ignored the change, although the increasing jobless figures bode well for the market.
Avalanche’s New Subnet to Offer Blockchain Customization for Financial Institutions
The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services.
Ondo Finance Plans Yield-Generating Stablecoin Alternative for Institutional Investors
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.
Winklevoss Twins Lent Their Crypto Platform Gemini $100M: Bloomberg
The brothers had tried to get outside investment, Bloomberg said.
High Ether Yields Drive $50M to DeFi Protocol Pendle Finance
The total locked value of assets on the platform has risen over 300% since the start of this year, DefiLlama data shows.
NFT Collective Proof Launches New Moonbirds Collection With Beeple, Other Artists
The "Moonbirds: Diamond Exhibition" collection is available exclusively to holders that reached "Diamond Nest" status by staking their NFTs.
AI Will 'Accelerate' the Metaverse, Empower Creators: The Sandbox Co-Founder
Sebastien Borget says artificial intelligence will bring a greater volume of original content to metaverse platforms.