Report: Ethena Labs Secures $100M From Top-Tier Investors

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A recent Bloomberg report reveals that Ethena Labs, the crypto startup behind the yield-bearing stablecoin USDe, has secured $100 million from well known strategic investors. Ethena Labs Garners $100M in Pivotal Funding Round Over the past year, the yield-bearing stablecoin USDe has captured considerable attention, emerging as the third-largest fiat-pegged token by market capitalization. It […]

USDC and EURC Break New Ground as Dubai’s First Officially Recognized Stablecoins

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Stablecoin issuer Circle announced that its flagship asset USDC and its smaller euro-based stablecoin EURC have both been approved as “recognized crypto tokens” by the Dubai Financial Services Authority (DFSA). The recognition will allow the 6,000 companies in the Dubai International Financial Centre (DIFC), including financial institutions, to use and promote the two stablecoins. USDC […]

Canary Capital’s Spot Hedera ETF Under SEC Review via Nasdaq Filing

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The Nasdaq Stock Market LLC, on behalf of Canary Capital, submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) to list a spot exchange-traded fund (ETF) focused on the native asset of the Hedera Network, HBAR. Nasdaq Files for Spot Hedera ETF, Paving the Way for HBAR Exposure The Nasdaq filing marks […]

Bitcoin Dips to $95K Amid Bybit Hack and Fed Rate Uncertainty

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BTC retreated to $95K, mostly due to the Bybit hack and Fed rate jitters, both of which shook market confidence. Crypto Market Reels as Bitcoin Drops to $95K Following Bybit Hack and Fed Speculation Bitcoin (BTC) is navigating a turbulent market landscape, with price fluctuations driven by a historic exchange hack and ongoing uncertainty surrounding […]