Bitcoin
Fintech firm Block plans to invest 10% of its monthly bitcoin-related gross profits into buying the asset itself till the end of the year, adding to its existing stash of $482 million worth of bitcoin.
Business
The company recorded an extra $737 million in mostly unrealized gains in the quarter by using mark-to-market rules.
DeFi
The $280 million move comes three days after EigenLayer announced its initial plans for its token genesis event, which attracted a range of criticisms, including how the airdrop allocation followed a linear distribution model that favored whales.
Tether’s record earnings come as US stablecoin issuers have been tracking a new stablecoin regulation bill making its way through Congress.
Aimed at enterprises, MicroStrategy Orange would use inscriptions in witness data to store and manage decentralized IDs.
The proposed new liquidity layer would allow the Aave DAO to onboard new borrow modules and offboard old ones without the need to migrate liquidity.
The closely-followed multi-manager firm has expanded its longtime traditional finance strategies into digital assets.
The rapid growth in Ethena’s USDe market cap has stalled amid broader market turmoil, but founder Guy Young remains positive.
The development of BOB, which launched its mainnet on Wednesday, is part of a cultural shift towards experimentation within the Bitcoin ecosystem.
As “casters” descend on Venice Beach for FarCon, Unchained looks at how discussions on Farcaster are kinder and gentler than the often rough-and-tumble dynamic on X (Twitter). Here’s what to know and who to follow.
