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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Ondo's USDY launches natively in Cosmos ecosystem via Noble
Ondo's USDY launches natively in Cosmos ecosystem via Noble

Quick Take Noble and Ondo launched USDY, the first native yield-bearing stablecoin, on Cosmos. USDY is a tokenized note secured by short-term US Treasuries and US bank demand deposits.

The Block·2024/07/22 13:19
Bernstein says market has not priced in positive shift in crypto regulations under potential Trump victory
Bernstein says market has not priced in positive shift in crypto regulations under potential Trump victory

Quick Take The market has not priced in a potential positive shift in crypto regulations if Republican candidate Donald Trump wins the U.S. presidential election, according to Bernstein analysts. Bitcoins’s price reacts positively to perceived improvements in odds for a Republican win, placing faith in Trump’s pro-crypto stance, the analysts said.

The Block·2024/07/22 12:37
Flash
  • 16:05
    Ten Years Ago Today Ethernet Launches ICO Funding
    On July 22, 2014, Ether launched its ICO funding, with the team raising funds through a pre-sale of ETH, raising a total of 31,529 Bitcoins (at a conversion rate of 1 Bitcoin to 2,000 Ether), or more than $18 million based on the market price at the time. Now, ten years later, the New York Stock Exchange's ARCA is approving the listing of five spot Ether ETFs, including VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton. As Ether researcher Justin Drake says, "ETH is the block space currency. Since EIP-1559, 4.3 million ETH has been burned to pay for gas. Millions more ETH will be used in block space. Through pledging, ETH provides $100 billion of economic security for ethereum, 10 times more than bitcoin. eth is also the premium collateral for DeFi and repledging, unlocking economies of scale bandwidth for the internet of value. eth is now widely recognized as a digital commodity. The institutional journey is about to begin."
  • 16:03
    Wells Fargo: Fed expected to open door for rate cut this month
    Despite increased political turmoil in the U.S., investors are still insisting that U.S. interest rates will fall this year. The data from Chase & Co. show that the Federal Reserve next week to stay put and on September 18th to cut interest rates are more than 90% of the likelihood of a total of three rate cuts this year is nearly 50% of the likelihood. That's virtually unchanged from before Biden dropped out of the race. Wells Fargo economists said in a report that they expect the Fed to leave policy unchanged this month, opening the door for a rate cut. They added that the Fed's past record suggests it won't shy away from cutting rates at its last meeting before the election.
  • 16:00
    21Shares Pledged Ether ETP Product AETH Tube Size Exceeds $510 Million
    21Shares said in a post on X that its AETH (21Shares Ethereum Staking ETP), Europe's largest Ether Pledge ETP, has exceeded $510 million in AUM. In addition, its other low-cost option, ETHC (21Shares Ethereum Core ETP), has more than $22 million in AUM.