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Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield


On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to earn a real-world yield, will debut alongside USDX. Hex Trust’s USDX Stablecoin and Clearpool Vault Aim...

PC Gaming Is Growing Faster Than Consoles, Data Shows


Last year saw the release of some really big and highly-rated video games. However, new data shows that PC gaming was the biggest winner in 2023, while console revenue mostly flatlined and mobile game profits dropped.Read more

US Spot Bitcoin ETFs Maintain Momentum With Sixth Day of Positive Gains


According to the latest data, U.S. spot bitcoin exchange-traded funds (ETFs) have experienced positive inflows for six consecutive days. Over this period, the spot bitcoin ETFs attracted a total of $1.186 billion. Ark Invest’s ARKB Tops Inflows as U.S. Bitcoin ETFs Gain $237 Million Spot...

Top Defi Tokens See Double-Digit Gains as Ethereum Soars


Amid ethereum’s value increase, the decentralized finance (defi) ecosystem has significantly benefited from ether’s double-digit growth. Leading defi tokens by market capitalization rose by 14.8% over the past day, and the total value locked (TVL) in defi exceeded $100 billion in...

Fidelity Omits Staking From Spot Ethereum ETF Proposal 


Amid growing speculation about the potential approval of spot ethereum exchange-traded funds (ETFs), Fidelity Investments has revised its ether ETF filing, omitting all staking features previously included in the proposal. This update follows reports that ETF issuers were allegedly instructed...

62 Crypto Projects Raise $474M in 20 Days, Led by Sophon and Securitize


According to the latest data, 62 blockchain or cryptocurrency projects have collectively raised $474 million over the past 20 days of May. Leading the charge, the entertainment-focused blockchain project Sophon garnered $60 million in a node sale, with Securitize following closely, raising...

Grayscale CEO Michael Sonnenshein Steps Down, Goldman Sachs Exec to Lead Firm


Grayscale CEO Michael Sonnenshein is stepping down from having joined the team in 2014 and serving as CEO since 2021, Sonnenshein will be replaced by former Goldman Sachs executive Peter Mintzberg. The post Grayscale CEO Michael Sonnenshein Steps Down, Goldman Sachs Exec to Lead Firm appeared first...

Makerdao Reveals Ambitious Endgame Plans With 2 New Stablecoins 


Makerdao, a leading decentralized finance (defi) protocol, has revealed new concepts to its Endgame plan, introducing two new stablecoins: newstable and puredai. This strategic initiative aims to replace the existing DAI stablecoin and bolster the Makerdao ecosystem. Maker’s Endgame Plan...

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