Solana is now the dominant blockchain for PayPal's PYUSD stablecoin. The double-digit yields offered to PYUSD holders across Solana DeFi have fueled demand. PayPal's strategy of attracting DeFi users with incentives is paying off. Despite Ethereum's 10-month head start, Solana's version of the fintech giant's PYUSD stablecoin has outperformed its Ethereum counterpart. According to DefiLlama, … Read more
A version of this article appeared in Us Decentralization Newsletter on August 13. Sign up Here. GM, Tim Here. Here's what caught my DeFi-eye recently: Why a MakerDao Advisor Worries About Wrapped Bitcoin The reason is that Coinbase's Cbeth supply has dropped by $2.4 billion. Athena extended her synthetic dollar to Solana. Wrapped Bitcoin concerns … Read more
Elon Musk and Donald Trump did not mention crypto in their Monday chat. Several Trump-themed memecoins have surged in the past 24 hours. Others have sharper dips. Several Donald Trump-themed memecoins enjoy a powerboost behind the former president Chat Monday with X owner Elon Musk. While neither of them mentioned cryptocurrencies during their two-hour interview, … Read more
Since August 2, Kamala Harris's chances of winning the election have increased by 238%. Analysts warn that Donald Trump's loss could be bad for crypto prices. Bitcoin price weakened just as Kamala Harris took the lead over Donald Trump in various polls, including crypto-powered betting platform PolyMarket. Bernstein analysts don't think this is a coincidence. … Read more
Tigran Gambarian was bedridden and suffering from tonsillitis. His family has accused prison officials of mismanaging the Binance executive's health. Gambarian's next court date is Oct. 11. Binance executive Tigran Gambarian's health continues to deteriorate amid lengthy prison sentence in Nigeria According to Nigerian sources who spoke to The Nigerian, Gambarian's prison conditions aggravated a … Read more
A new campaign of Democratic Party-aligned crypto enthusiasts is campaigning for Vice President Kamala Harris. This week the campaign includes a virtual town hall. A version of this story appeared in Us The Guidance August 12 newsletter. Sign up Here. Billionaire investor Mark Cuban. Hedge fund veteran Anthony Scaramucci. Congressman Willie Nickell. Some of the … Read more