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Ethena plans to extend USDe’s basis strategy into equity perpetual futures, targeting funding yields more than five times Bitcoin’s. The announcement comes as equity perpetual open interest reaches about $6.2 billion.
Grayscale’s research team says bitcoin is benefiting from the so-called debasement trade, which Bitcoin Magazine linked to government debt. The asset manager said the environment could support bitcoin.
SBI is buying a 20% stake in Indonesian online brokerage Ajaib for $270 million. The Japanese financial group plans to use the investment to expand a yen stablecoin and build a blockchain-based cross-border settlement network in Southeast Asia.
The Sandbox plans one-for-one repayment for eligible Base and BNB Chain holders after a roughly $700,000 bridge exploit. Repayment will use Ethereum-based SAND from the project treasury, with claims expected within two weeks.
Bitcoin’s Coinbase premium indicator has turned positive for the first time since May, CoinDesk reported, as BTC seeks to hold above $80,000. The shift highlights a change in Bitcoin’s market position.
Unstoppable Domains has dropped plans to bring .crypto and .bitcoin to the standard internet. CoinDesk reports that the abandoned bids would have cost more than $2 million in base fees alone.
Bitfinex Securities has raised $50 million and is preparing a security linked to a Luxembourg-based platform holding a reported $1.6 billion stockpile of high-purity nickel wire, CoinDesk reports.
