Grayscale Initiates New MKR Investment Fund
Grayscale Investments has launched a new investment fund dedicated to MakerDAO’s governance token, MKR, as announced in a press release dated August 13. The Grayscale MakerDAO Trust offers qualified investors…
Pump Fun Sets Monthly Revenue Record
Solana-based memecoin platform, Pump Fun, has set a new benchmark in monthly contract revenue, reaching an impressive $28.73 million in July. This milestone underscores the soaring interest in memecoin ventures…
Giant Trading Company Discloses to SEC: Its Holdings in This Cryptocurrency Have Become One of Its Largest Holdings
Chicago-based trading firm DRW has announced that it holds $150 million in Ethereum ETFs, making it one of its largest investments. According to a recent SEC filing, the position represents…
What Does Today’s PPI Data Really Mean? Will It Lead to a Strong Rate Cut by the Fed? Here’s What Experts Say
US Treasury yields gained significantly following the weaker-than-expected US Producer Price Index (PPI) report, supporting the Federal Reserve\'s strategy of more aggressive rate cuts this year. The rise in Treasuries…
Reserve Bank of India plans ‘public repository’ to curb unauthorized digital lending apps
The Reserve Bank of India (RBI) has announced its intention to create a public repository of digital lending applications deployed by its regulated entities, such as banks and financial institutions.…
Tether invests $3 million in Kem app to boost Middle East financial inclusion
Tether Operations Limited is investing $3 million in Kem, a money transfer and financial management app. The investment aims to introduce the stablecoin Tether USD (USDT) on Kem’s platform, driving…
Crypto Project Essential Raises $11M for 'Intent-Based' Blockchain
Essential plans to offer an \"intent-centric, declarative approach,\" which differs from traditional blockchain in that it leverages users\' \"intents\" - constraints that express desired outcomes. User intents are solved off-chain…