Curve Finance transitions fee distribution to crvUSD
#CurveFinance has updated its fee distribution system, switching from the 3cr token to its own stablecoin #crvUSD . This change aims to integrate crvUSD more deeply into the platform, potentially increasing its total value locked by absorbing uncollected fees. This move will incentivize users to engage more with crvUSD-based services.
The #SEC has filed a lawsuit against #Consensys , accusing the #Ethereum software firm of acting as an unregistered broker for crypto asset securities through its #MetaMask Staking service. Consensys allegedly collected over $250 million in fees since January 2023 from unregistered staking programs. The legal action follows recent regulatory developments and a Supreme Court decision affecting federal agency powers. Consensys has contested the SEC's jurisdiction, arguing against its authority to regulate interfaces like MetaMask.
Coinbase partners with Stripe to expand crypto payment solutions
#Coinbase partners with #Stripe to enhance their respective crypto and payment services. The partnership will see Stripe integrating Coinbase's #Layer2 network, Base, into its crypto payout products. In return, Coinbase will enable its users to purchase cryptocurrencies using credit cards or Apple Pay directly through the Coinbase Wallet, leveraging Stripe's platform.
Furthermore, Coinbase customers will gain access to streamlined fiat-to-crypto conversions and international money transfers using the stablecoin $USDC via Base on Stripe's network, extending service to over 150 countries.
#PancakeSwap has launched a new #Ethereum price prediction market using #AI forecasts, aiming to engage users ahead of the 2024 US presidential election. The decentralized exchange invites bets on Ethereum's price movements based on AI predictions from Allora, known for 65% accuracy. This initiative coincides with high activity on PolyMarket, where predictions on the election outcome are reaching record levels.