DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDL
DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDLOndo Finance tests instant conversion between BlackRock's BUIDL and USDC. Ethereum’s Pectra upgrade to introduce smart contract functionality to wallets. EigenLayer removes staking caps on LSTs.Weekly DeFi IndexThis week's market capitalisation index was negative at -29.46%, while volume and volatility indices were positive at +65.83% and +113.84% respectively. Chart of the WeekTokenised asset platform Ondo Finance successfully tested near-instant conversions between Circle's USDC stablecoin and BlackRock's new BUIDL token on 12 April. The transaction involved the redemption of US$250,000 worth of BUIDL tokens for USDC, demonstrating the USDC-to-BUIDL feature introduced by Circle. This development highlights the growing trend of traditional financial institutions like BlackRock entering the asset tokenisation sector, with the BlackRock USD Institutional Digital Liquidity Fund holding cash, U.S. Treasury bills, and repurchase agreements, represented by the Ethereum-based BUIDL token. Ondo Finance was one of the early adopters of the fund, using it as a backing asset for its OUSG token. Consequently, Ondo Finance's governance token ONDO experienced a significant increase of as much as 15% (from $0.77 to $0.89) a few days following the conversion.
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Crypto Market Pulse Weekly - 🇦🇪 Crypto.com Dubai Receives Operational Approval; Bitcoin Dominance Reaches 3-Year…
Monday, April 15, 2024
Crypto.com's Dubai entity receives operational approval. Bitcoin dominance reaches 3-year high. Hong Kong approves BTC and ETH spot ETFs. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 📈 Ethena Increases Staking Rewards, Boosts USDe with Bitcoin; ENA Jumps 19%
Saturday, April 13, 2024
Ethena increases staking rewards by 50%, boosts USDe with Bitcoin; ENA jumps 19%. EigenLayer launches on Ethereum mainnet. Lido market share dips below 30% amid centralisation concerns. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 🚀Bitcoin Ordinals Inscriptions Reaches 65 Million
Saturday, April 13, 2024
Bitcoin Ordinals inscriptions reach 65 million. Christie's embraces Bitcoin Ordinals by auctioning related artworks. Notcoin halts mining after 9 trillion taps, with a pre-token launch in the works
Crypto Market Pulse Weekly - 🏟️ Crypto.com Pay Comes to Adelaide Oval; Exchanges See Lowest BTC Balances
Monday, April 8, 2024
Crypto.com launched a crypto payment solution at the Adelaide Oval. Bitcoin balance on exchanges dropped to the lowest amount since March 2018. PayPal enables cross-border money transfers with PYUSD. ͏
NFT & Blockchain Gaming Weekly - 💪 NFTs Sales in Bitcoin Remained Strong
Friday, April 5, 2024
NFT sales in Bitcoin network remain strong. OpenSea enables creators' NFT royalty control with ERC-721C. Animoca Brands's Mocaverse holds MOCA public token sale. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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