The dollar-backed token, USDCBL, will serve as collateral for onchain perps, with cash and Treasury reserves generating yield retained within the protocol.
Related Posts
SEC dismisses civil action against Gemini with prejudice
The SEC was satisfied with Gemini’s agreement to contribute $40 million toward the full recovery of Gemini Earn investors’ assets lost as a result of the Genesis bankruptcy.
Hyperliquid (HYPE) Rallies Toward $50 as Hypurr NFT Frenzy Sends Floor Above $60K
Hyperliquid’s native token HYPE is approaching the $50 mark after a 24-hour 7.7% increase to approximately $47, driven by the launch of 4,600 Hypurr NFTs on the HyperEVM. The collection launched strongly with a floor near $68,700 and about $45 million in first-day volume. Related Reading: Bitcoin Coin Days Destroyed Drops By 50% Amid Waning […]
Nvidia Vs. Dogecoin: A Historic Ratio Suggests A Possible Rotation, Says Trader
Trader Cryptollica (@Cryptollica) is arguing that an old relative-value signal is “back” in crypto markets, pointing to the DOGE/NVIDIA ratio and an unusually depressed Dogecoin RSI reading as evidence that capital could rotate from AI-linked equities into high-beta meme coins. Dogecoin Vs. Nvidia: Rotation Incoming? In a post on X, Cryptollica said the DOGE/NVIDIA chart […]