Crypto exchange OKX launched OKX Money, a standalone app that lets users convert more than 50 local currencies into U.S. dollar-backed stablecoins, …
savings
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DeFi
Spark Pulls in $56M in 40 Minutes as Stablecoins Become DeFi’s New Savings Accounts
by shayaanby shayaanIt took less than 40 minutes for more than $56 million in $USDC to move into a single Spark vault on Sunday, …
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Spark, an on-chain capital allocation platform that originated as a subDAO of Sky (fka MakerDAO, is opening its $USDT savings vault to …
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Aave’s new savings app has entered early access, allowing users to bypass the waitlist. This announcement, shared by the official Aave account …
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Aave has announced an increase in its Savings Rate to 4.50% $APR, enhancing incentives for users to deposit funds. This change allows …
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Adoption
Germany’s Savings Banks And Cooperative Banks Roll Out Crypto Trading For Millions
by shayaanby shayaanEurope’s largest economy is about to remove the biggest friction point in retail crypto access. According to a report from Bloomberg, Germany’s …
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DeFi
Coinbase backs Ethena ahead of savings product launch for exchange’s 100 million users
by shayaanby shayaanCoinbase Ventures, the investment arm of crypto exchange Coinbase (COIN), said it had backed Ethena ($ENA), buying the protocol’s token on the …
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Regulation
Retired Couple Loses $76,000 Life Savings to Bitcoin ATM Scam, Sues Bitcoin Depot in Federal Court
by shayaanby shayaanA class action filed in Idaho accuses the now-bankrupt crypto ATM operator of profiting from fraud while leaving vulnerable consumers unprotected. A …
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DeFi
DeFi yields are crashing so hard that they can’t compete with a traditional savings account
by shayaanby shayaanCrypto investors who once turned to decentralized finance for easy passive income through juicy yields are running into a new reality: the …
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Digital asset platform Nexo officially launches in Argentina following its acquisition of Buenbit to offer high-yield savings and crypto-backed credit. Global digital …