Robinhood added Stretch (STRC), the latest preferred stock of Strategy. With the latest addition, Robinhood taps an even wider buyer base of retail investors. Robinhood added access to Stretch (STRC), Strategy’s variable-rate, perpetual preferred stock. STRC was launched with a face value of $100 and 9% annualized dividend paid monthly, though it traded at $99
Federal Reserve Bank of Dallas President Lorie Logan is the latest Fed official to share her thoughts on monetary policy and what the next move should be, given rising inflation and a weakening labor market. This comes as the crypto market prices in a potential Fed rate cut at the next FOMC meeting, with Bitcoin
Tether and Circle have been issuing stablecoins at a breakneck pace, minting just under $3 billion in fresh tokens in the last 24 hours. USDT and USDC transaction volumes are pretty stable, and it’s unclear why they need this liquidity. With impending stablecoin regulations and the persistent lack of a third-party audit, these mintings engendered
Key Takeaways BlackRock’s BUIDL fund gained $600 million in AUM in just two weeks, primarily on Ethereum. The BUIDL fund is now issued natively on seven major blockchains, including Ethereum, Aptos, Arbitrum, Avalanche, Optimism, Polygon, and Solana. BlackRock’s BUIDL fund has gained $600 million in assets under management over the past two weeks on Ethereum,
The European Central Bank (ECB), as part of its preparation phase for a potential digital euro launch, announced framework agreements with technology providers responsible for components of the central bank digital currency (CBDC). In a Thursday notice, the ECB said it had reached agreements with seven entities — and at least one more expected to
The perpetuals race has a new entrant in open beta. Lighter has opened its public mainnet after roughly eight months in private testing, positioning itself as an Ethereum-settled alternative to the current leaders. Under the hood, Lighter is a zk-rollup purpose-built for perps. A centralized sequencer batches orders, but state transitions — price-time-priority matching, liquidations,
Coinbase is piloting $12,000 USDC transfers in New York, testing whether stablecoins can deliver aid to low-income households more efficiently. Summary Coinbase and GiveDirectly launched Future First in New York, where 160 low-income residents are set to get $12,000 in USDC over five months. Payments are structured as an $8,000 initial transfer followed by five
Citadel Wallet has unveiled Suiball, the first hardware wallet designed specifically for the Sui blockchain. Summary Suiball uses clear signing to display all transaction details in a human-readable format, reducing the risks of blind signing. The wallet supports native Sui assets such as WAL, DEEP, NS, and NFTs, and integrates with DeFi platforms including Suilend,
Cryptocurrency analyst Joao Wedson has warned investors to be cautious following the recent uptrend. He claimed that current levels are unattractive, particularly for XRP, Solana (SOL), and Binance Coin (BNB). “These coins have already risen too much, the risk/reward ratio is no longer in favor of investors,” Wedson said, arguing that the same point has
At the X Layer offline, the CEO of the OKX Star Xu has stated that the strategic priority of the corporation is the establishment of an open blockchain network. He confirmed that the Ethereum Layer 2 rollup, X Layer, will be the basic infrastructure of the OKX Wallet and exchange. Three Phases of X Layer