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
Euler Finance Community Weighs Plan to Return Money Recovered From $200M Hack
The goal of the proposal is to let Euler users redeem their funds as soon as possible.
Crypto Exchange Bitget Starts $100M Asia-Focused Web3 Fund
The firm started its fund as more crypto projects seek non-U.S. jurisdictions.
Happy 48th Birthday, Satoshi Nakamoto
We love you but we don’t miss you.
Crypto-Related Stocks Surge as Bitcoin Price Hits Highest Point Since June 2022
Bitcoin miners are posting the largest percentage stock gains on Monday.
Ethereum Unstaking Requests Now Face About a 17-Day Wait
The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade.
Exploit Involving Aave and Yearn Helped Users Make Money
The exploiter paid back Aave users’ USDT debts on its v1 markets, making the total USDT borrowed stand at zero.
Yearn's Staked Ether Token yETH Gets Mixed Results on Govenance Poll
The non-binding poll seeks to do a temperature check of sentiment toward launching yETH.
Ether’s Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High
ETH’s share of the total crypto market capitalization rose to a one-month high, according to TradingView data.
Binance Rejected Justin Sun’s Offer to Buy His Huobi Stake: Source
Binance has no interest in buying Huobi due to its rumored ties to China, according to a person familiar with the situation.