27 September 2024
Macro/TradFi
On Tuesday, China's central bank announced its largest post-pandemic stimulus to combat economic deflation.
Kamala Harris publicly mentioned crypto: "We'll encourage AI and digital assets innovation while protecting investors and consumers."
BNY Mellon is diving into the crypto custody market for Bitcoin and Ethereum ETFs, following the green light from the SEC.
Crypto
L1/L2:
Franklin Templeton announced plans to launch a mutual fund on the Solana blockchain.
DuckChain, the first TON Layer 2 project using Arbitrum Orbit, backed by TONScale Labs and Arbitrum, has launched its testnet and attracted over 2 million users.
Eclipse, the first Ethereum layer 2 using the Solana Virtual Machine for transactions, is launching its mainnet in October.
DeFi:
The DeFi aggregator Zapper now supports Moonbeam Network to expand within the Polkadot ecosystem.
Decentralized exotic-derivatives protocol Cega unveiled its Vault Token Market (VTM), enhancing liquidity, utility, and flexibility for users' investments.
Stablecoin
U.S. Congresswoman Maxine Waters urged for a bipartisan stablecoin agreement by the end of 2024. At a September 24 committee hearing, she emphasized the need for strong federal regulations and consumer protections.
Celo, an Ethereum layer 2 focused on mobile-first dApps and smart contracts, is challenging Tron's lead in daily active stablecoin addresses. The seven-day average on Celo has surged to nearly 700,000, close to Tron's count, per Artemis data.
Ethena Labs announced its new stablecoin project, UStb, in partnership with BlackRock and digital securities platform Securitize.
Others:
Binance Exchange hits a major milestone, processing over $100 trillion in crypto trades since its 2017 launch.
Binance unveils the Binance Pre-Market, enabling users to trade select Launchpool tokens ahead of their official spot market listing.
Global investment firm Guggenheim Treasury Securities to issue $20 million in tokenized commercial paper on Ethereum.
A New York judge ruled that the DOJ's case against Tornado Cash developer Roman Storm will go to trial.
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