News Explorer — Ethena Raises $6M for Dollar-Pegged Stablecoin Launch on Ethereum
Ethena Raises $6M for Dollar-Pegged Stablecoin Launch on Ethereum
Crypto startup Ethena has raised $6 million in seed funding led by Dragonfly for its new stablecoin, USDe. Unlike previous attempts, USDe maintains its dollar peg by using collateral from users to hedge price exposure through shorting Ethereum using perpetual swaps. Ethena aims to differentiate itself from failed algorithmic stablecoins like Terra and plans to launch its stablecoin and bond asset in the coming months.
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Jul 17, 3:00 am
Axios
Ethena Raises $6M for Dollar-Pegged Stablecoin Launch on Ethereum
Crypto startup Ethena has raised $6 million in seed funding led by Dragonfly for its new stablecoin, USDe. Unlike previo… Read Summary
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Jul 17, 3:57 am
Decrypt
Aave’s New Stablecoin GHO Sees 2.5 Million Coins Minted in Less Than 48 Hours
Aave’s new stablecoin GHO has already seen 2.5 million coins minted within 48 hours of its release. The launch was appro… Read Summary
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Jul 17, 3:02 am
Decrypt
1inch Network Token Surges 19% Overnight, Driven by Increased Trading Volume and Futures Activity
The 1inch Network token experienced a significant overnight gain of 19%, making it the top gainer in the crypto market…. Read Summary
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Jul 17, 3:01 am
Decrypt
Gnosis Rolls Out Visa Debit Card Linked to Self-Custodial Crypto Wallets
Gnosis has launched Gnosis Card, a debit card that utilizes their payment network, Gnosis Pay. Initially available in EU… Read Summary
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Jul 17, 2:56 am
Decrypt
Binance Integrates Lightning Network for Bitcoin Transactions to Soothe Network Congestion, High Fees
Binance, the world’s largest cryptocurrency exchange, has announced the completion of its integration of the Lightning N… Read Summary
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Jul 17, 2:30 am
Decrypt
Lens Protocol’s V2 Update Introduces Blocking, Collect, and New Mirror Features
Lens Protocol, developed by the Aave Companies, is introducing new features in its latest update. Lens V2 allows users t… Read Summary
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Jul 17, 1:44 am
The Block
Ethereum Layer-2 Network Mantle Launches Mainnet Alpha With Modular Chain Approach
Mantle Network, an Ethereum Layer 2 blockchain, has launched its mainnet alpha after six months of development and testi… Read Summary
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Jul 17, 2:00 am
Coindesk
Unstoppable Domains Now Supports Ethereum Name Service Domain Endings
Unstoppable Domains is expanding its offerings by adding support for Ethereum Name Service (ENS) domain endings. This al… Read Summary
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Jul 17, 1:31 am
Coindesk
ARK Invest Cashes in on Coinbase Rally, Selling Over $50.5 Million Worth of COIN
Cathie Woods’ ARK Invest sold over $50.5 million worth of Coinbase COIN shares on July 14, taking advantage of the recen… Read Summary
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Jul 17, 12:31 am
The Block
National Australia Bank Blocks Payments to ‘High-Risk’ Crypto Exchanges Over Scams
National Australia Bank (NAB) has blocked payments to “high-risk” cryptocurrency exchanges in an effort to protect its customers from scams. Between March and July, NAB intervened in ov… Read Summary
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Jul 16, 6:03 pm
Cointelegraph
Aave Launches GHO Stablecoin on Ethereum Mainnet
Following a community governance vote, Aave has launched its algorithmic stablecoin GHO on the Ethereum mainnet, with 2…. Read Summary
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Jul 16, 5:04 pm
Decrypt
Over 200 Ethscriptions Nabbed in Smart Contract Exploit
Ethscriptions, a protocol for creating and sharing digital objects on Ethereum, has experienced a major setback as its m… Read Summary
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Jul 16, 11:15 am
Decrypt
Crypto Investment Continues Slide And ‘Has Not Yet Found a Clear Bottom’: Report
According to a report by Galaxy Research, venture capital firms are becoming less interested in the crypto space, with i… Read Summary
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Jul 16, 10:46 am
Decrypt
Brazilian CBDC Allows Government to Freeze Funds, Developer Finds
A blockchain developer has discovered that the Brazilian Central Bank Digital Currency (CBDC) has the ability to freeze… Read Summary
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Jul 16, 8:50 am
Cointelegraph
Glassnode Reports High Demand for Bitcoin at the Current Price, With Major Moves Last Observed at $30,200
Glassnode data shows that a record amount of BTC changed hands near the current spot price, indicating significant deman… Read Summary