The two companies entered into a non-binding agreement to launch a $125 million initiative that seeks to put Sharplink’s ETH treasury to work. The company stated that the funds will be deployed across onchain liquidity strategies and in support of early-stage protocols. Sharplink and Galaxy Partner To Deploy $125M DeFi Ecosystem Liquidity Fund Decentralized finance […]
The post Anchorage Steps Back From Robinhood and Kraken-Backed USDG Stablecoin Consortium appeared on BitcoinEthereumNews.com.
JUST News Anchorage Digital, the first federally chartered crypto bank in the United States, is dialing back its prominent role inside the Global Dollar (USDG) stablecoin consortium that counts Robinhood, Kraken, Galaxy Digital, OKX, Visa, Worldpay and Bullish among its members. Chief executive Nathan McCauley said the firm will adopt a posture of “increased neutrality” rather than actively promoting a single token. USDG, issued by Paxos Digital Singapore under Monetary Authority of Singapore supervision, carries a circulating supply of roughly $3 billion. Anchorage remains a consortium participant, but with as many as 20 banks and tech firms exploring white-label stablecoin issuance through its rails, the custodian is recalibrating incentives to avoid favoring any one issuer. Macro investor and former hedge fund manager Jordi Visser disclosed a fresh Ether pos
The post Galaxy and Sharplink’s Bold Strategy with New Ether Fund appeared on BitcoinEthereumNews.com.
Galaxy, a crypto asset management firm, and Ethereum-centric company Sharplink have revealed plans to introduce a novel private fund developed to enhance returns on Ether holdings through decentralized finance (DeFi) methods. This initiative indicates an escalating interest among institutional entities to derive on-chain gains from crypto possessions and hints at a strategic effort to broaden […] Continue Reading:Galaxy and Sharplink’s Bold Strategy with New Ether Fund Source: https://en.bitcoinhaber.net/galaxy-and-sharplinks-bold-strategy-with-new-ether-fund
Bitmine's rapid ETH accumulation and staking strategy could centralize Ethereum's network, posing risks to decentralization and market stability.
The post Bitmine slows ETH accumulation, declares ‘crypto spring’ as Tom Lee cites bullish drivers appeared first on Crypto Briefing.
Bored Ape floor prices have doubled in a month as Yuga Labs CEO Michael Figge says blue-chip NFTs were oversold. Bored Ape Yacht Club floor prices have doubled over the past month, climbing from around 5 ETH to over 10…
Nasdaq-listed SUIG stakes its 108M SUI treasury as Sui sees more project activity across DeFi, gaming, and infrastructure. Nasdaq-listed SUIG reportedly staked its full treasury of 108 million SUI tokens, reducing the liquid supply available for trading. The move places a large treasury position into network staking. Market analysts are now tracking whether the action […]
The post SUI Supply Tightens as Nasdaq Listed SUIG Stakes Its 108M Token Treasury appeared first on Live Bitcoin News.
Sharplink will contribute $100 million in staked Ether to a Galaxy-managed fund as institutions seek to earn yield from crypto holdings without selling ETH.
