The German state of Saxony is quickly running out of bitcoin (BTC) to sell after moving another batch of its confiscated assets to crypto exchanges and brokers on Thursday.
As the crypto industry continues its calls for regulatory clarity, a glaring question has been whether stablecoins, typically digital assets pegged to and backed by the U.S. dollar, should be treated as securities. Now, a decision by the Securities and Exchange Commission to quietly end a probe into the New York stablecoin issuer Paxos suggests that, in most cases at least, the answer is no.
NATO’s European members have long thought they would prefer an ailing Joe Biden to an unpredictable Donald Trump. But now they’re coming to terms with the fact that — whoever wins the election — US priorities are increasingly going to shift elsewhere.
📈 Market Data
🚨 Important News This Week
AI
Sequoia, Nvidia Back Startup Fireworks AI at $552 Million Valuation
Treasury, IRS announce ‘major milestone’ of $1 billion in past-due taxes collected from millionaires
Japan Likely Spent $22 Billion on Yen Intervention Thursday
Crypto
VC funds pump $481 million into crypto startups in June
The Bullish Fed Rate-Cut Play in Bitcoin Is Not as Straightforward as You Think
Crypto hacks top $1.4B as centralized exchanges become the main target
🚨 Notable Companies Secure Impressive Investments
idOS Network has raised $4.5M in a funding round led by Fabric Ventures
Rome Protocol has raised $9M in a funding round backed by Hack VC and Hashkey
Term Labs has raised $5.5M in a Strategic funding round led by Electric Capital
Dora has raised $5.5M in a funding round co-led by Dragonfly and Lemniscap
JPMorgan-backed Partior has raised $60M in a Series B funding round
🚀 Pendle Finance’s Surge: Deep Dive Into The Golden DeFi Protocol
In the vast landscape of Decentralized Finance (DeFi), Pendle Finance has stood out as a golden protocol, glittering with innovation and rapid growth. From its humble beginnings in 2020, Pendle has transformed into a powerhouse, capturing the DeFi community’s attention with its unique approach to yield tokenization and strategic integrations. In this blog, we will uncover the secrets behind Pendle Finance’s meteoric rise and explore the intricacies of its technical and market mechanisms.
