In a recent tweet, Token Terminal announced that SteakhouseFi’s total value locked (TVL) has surged to $2.2 billion, reflecting a remarkable increase …
Sees
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DeFi
Cap ‘stabledrop’ U-turn sees cUSD drop $23M, founder denies self dealing claims
by shayaanby shayaanCap Labs, issuer of cUSD, is in damage control mode following an unpopular u-turn on its long-anticipated “stabledrop” program. Announced on Friday, …
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Analysis
DRV Price Soars 70% After Upbit Listing as Derive Sees Rising Network Activity
by shayaanby shayaanThe DRV price exploded as much as 70% to $0.1920 before cooling to around $0.1530, putting the spotlight back on Derive, the …
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Markets
Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic
by shayaanby shayaanThe market shrank by $7.7 billion in June alone, the largest dollar amount since May 2022’s Terra-Luna crash, but stablecoins will likely …
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Finance
Mizuho Cuts Strategy Price Target to $213, Still Sees MSTR Climbing Above $200
by shayaanby shayaanMizuho reduced its price target for Strategy Inc. after revising its long-term Bitcoin expectations, yet the firm continues to expect meaningful upside …
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DeFi
Invesco’s Tokenized Treasury Fund USTB Sees 300% Surge in Aave Deposits During Q2
by shayaanby shayaanDeposits of USTB, the tokenized U.S. Treasury fund managed by global asset manager Invesco, surged by approximately 300% on the decentralized finance …
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DeFi
Aave Sees a Major Surge in New Wallets and Marks Its Strongest Growth Day Since 2021
by shayaanby shayaanAave added 1,806 new wallets on Ethereum on June 30, its strongest single-day network growth since October 2021, according to Santiment data. …
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Analysis
Morgan Stanley Sees Opportunity To Accumulate in AI Memory and Chip Stocks After ‘Healthy’ Pullback – Here’s Why
by shayaanby shayaanA Morgan Stanley Investment Management senior portfolio manager says the pullback witnessed in AI memory and chip names is an opportunity for …
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Regulation
Crypto’s second U.S. lobbying front — tax policy — sees industry push on mining, staking
by shayaanby shayaanWhile the top focus of the industry remains the Digital Asset Market Clarity Act that would establish a full U.S. regulatory regime …
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Fund issuers are exploring blockchain-based ETFs amid fears of missing an early foothold in tokenized finance. www.coindesk.com