Ethena USDe Surpasses Solana, Achieves $3B Market Cap
Ethena Labs’ USDe stablecoin surpasses Solana in revenue, hitting a $3B market cap. With a 30% yield, it generated $7M last week. Poised to be a top stablecoin. #CryptoNews #DeFi
Stablecoin
Frax Finance Founder Claims Hacker Stole X Account
Frax Finance founder Sam Kazemian reports an insider hacked their X account, affecting the FRAX USD-pegged stablecoin. Blockchain sleuth ZachXBT confirms it’s likely a social engineering breach. #CryptoSecurity #BlockchainNews
Tether Invests $150M in Bitcoin Mining Giant Bitdeer
Tether invests $150M in Bitdeer to expand Bitcoin mining. The deal includes $100M equity and $50M share option. Bitdeer ($BTDR) gains new data centers and mining farms. #CryptoNews #Bitcoin
Tether Acquires $100M Bitdeer Shares, Eyes Extra $50M
Tether secures $100M in shares from Bitdeer, with an option for $50M more. Bitdeer’s stock jumps 4% to $6.08. Funds to boost Bitcoin mining tech. #Crypto #Updates
Tether Invests $150M in Bitdeer Crypto Mining
Tether (@Tether_to) invests up to $150M in Bitdeer, buying 18.6M shares and a warrant for 5M more at $10 each. Bitdeer shares rose 13% on the news. #CryptoNews #BitcoinMining
Rep McHenry Urges Expanded Stablecoin Legislation in Senate
Rep. McHenry stresses the need for a broader legislative framework to advance stablecoin regulation, highlighting 23 months of negotiations. Recent pro-crypto developments and bipartisan support are crucial. #Crypto #Stablecoins
### Terra Luna Classic Rejects LUNC Burn Proposal **Highlights:** – The Terra Luna Classic community has decisively rejected a proposal to increase the burn tax to 1.5%. – Proposal 12105 was turned down due to lack of reasoning and insufficient data to support the increase. – The proposal received only 21.35% “Yes” votes, with 32% voting “No” and 38% “No with veto”. – Validators also opposed the proposal due to the absence of complementary strategies and volume projections. – Recently, the community has adjusted the LUNC burn tax distribution to the oracle pool instead of rewards, with 70% voting in favor. – The current burn tax is set at 0.5%, allocated as 80% for burn and 20% split between the Community Pool and Oracle pool. – Following the proposal’s rejection, LUNC’s price increased by 1% in the last 24 hours, with trading volume surging by 70%. ### SEO-Optimized Title: **Terra Luna Classic Rejects LUNC Burn Tax Increase**
The Terra Luna Classic community rejected Proposal 12105 to raise the LUNC burn tax to 1.5%, with 70% favoring a strategic redistribution to the oracle pool. LUNC’s price rose 1% amid a 70% volume surge. #CryptoNews #TerraLunaClassic
PayPal Integrates PYUSD Stablecoin on Solana Blockchain
PayPal integrates PYUSD stablecoin into Solana blockchain, enhancing transaction speed to 1,624 TPS and reducing fees. This strategic move aims to boost retail commerce capabilities. #PayPal #Solana $PYUSD #CryptoNews
PYUSD Growth: Leveraging Solana’s Stablecoin Power
PayPal expands its $PYUSD stablecoin to @Solana, aiming for faster, cheaper transactions. Phantom wallet offers zero transaction fees for PYUSD transfers. Solana leads with $4B in stablecoin supply. #CryptoNews #Blockchain
PayPal Launches PYUSD Stablecoin on Solana
PayPal’s PYUSD stablecoin is now on @solana, leveraging high speeds (65,000 TPS) and low fees ($0.0025) to enhance user experience and utility. #CryptoNews #Blockchain
French Hill Discusses Ether ETF, Stablecoin Regulation Bill
U.S. Rep. French Hill discussed legislative efforts on a dollar-backed stablecoin and predicted quicker market entry for spot Ethereum ETFs due to better market correlation. #Ethereum #Stablecoin #Updates
Russia Metal Producers Trade with Tether in China
Russia’s top metal producers now use $USDT for cross-border trades with China, bypassing sanctions risks. This move highlights the role of #cryptocurrencies in global trade. #Analysis
LUNC Price Surges After Terra Luna v3.0.1 Upgrade
? Terra Luna Classic v3.0.1 upgrade passed with 99.9% support, boosting $LUNC and $USTC prices by 5%. The upgrade includes sdk 47 and major updates. #PriceInfo #UpdateNews
Coin Center Asserts Stablecoin Bill Threatens Free Speech Rights
Coin Center opposes the Lummis-Gillibrand Payment Stablecoin Act, arguing it infringes on First Amendment rights by banning algorithmic stablecoins, amid efforts to regulate stablecoins following the TerraUSD collapse.