Aave’s Kulechov Disputes Report, Says Firm Won’t Sell AAVE at ‘70%’ Discount
Aave founder Stani Kulechov on Thursday disputed a report that crypto exchange Kraken is in talks to take a stake in the largest decentralized lending protocol, saying the team would not sell its AAVE tokens cheaply. “First off, there is NO WAY we’d sell AAVE at a 70% discount lol,” Kulechov wrote… Read the full […]
Invesco Files for Tokenized Stablecoin-Reserve Money Market Fund Built on Superstate Rails
Invesco, the asset manager with $2.45 trillion under management, filed with the U.S. Securities and Exchange Commission to launch a money market fund whose shares are recorded as tokens on public blockchains and that is designed to hold the reserves to back stablecoins. The filing for the Invesco… Read the full story at The Defiant
Story Rebrands as DATA Foundation in Pivot to AI Training Data
Story, the layer 1 blockchain built to put intellectual property onchain, rebranded as DATA Foundation on Thursday and refocused the project on supplying AI training data, the company said in a blog post and press release. The project is migrating its $IP token to a new token, $DATA, on a… Read the full story at […]
Magic Internet Money Falls 50% Below Peg as Abracadabra Declares Emergency
Abracadabra.money declared emergency measures Wednesday after its dollar-pegged stablecoin Magic Internet Money (MIM) fell roughly 50% below its $1 target. MIM was trading around $0.48 Thursday, its worst sustained depeg on record. “We’re acutely aware of the $MIM depeg and are taking emergency… Read the full story at The Defiant
Spark, Uniswap, and Sky Launch $150M Liquidity Migration to Build Shared Stablecoin FX Layer
Spark, Uniswap, and Sky are launching a joint “Stablecoin FX Layer,” shared programmable liquidity infrastructure for a multi-issuer stablecoin economy. The first deployment is a migration of roughly $150 million in USDS liquidity into Uniswap v4 pools, which the protocols describe as one of the… Read the full story at The Defiant