News Explorer — Coinbase Strengthens USDC Liquidity Management on Hyperliquid, Expanding Stablecoin Usage Beyond Ethereum

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May 14, 12:13 pm

Coindesk

Coinbase Strengthens USDC Liquidity Management on Hyperliquid, Expanding Stablecoin Usage Beyond Ethereum

Coinbase is expanding its role on Hyperliquid by managing USDC liquidity through the Aligned Quote Asset framework. The deal allows Coinbase to purchase USDH brand assets and marks a step in expanding USDC usage beyond Ethereum and centralized exchanges.

Coinbase is expanding its role on Hyperliquid by managing USDC liquidity through the Aligned Quote Asset framework. The deal allows Coinbase to purchase USDH brand assets and marks a step in expanding USDC usage beyond Ethereum and centralized exchanges.

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May 14, 5:16 pm

Decrypt

T3 Financial Crime Unit Freezes $450 Million in Illicit Digital Assets, Aiding Global Law Enforcement Efforts

The T3 Financial Crime Unit, formed by Tether, Tron, and TRM Labs, has frozen over $450 million in illicit digital asset... Read Summary

May 14, 4:51 pm

Decrypt

Senate Democrats Split on the Clarity Act, Which Passes Committee Vote

Senate Democrats were divided on the Clarity Act, with only two members, Sen. Ruben Gallego and Angela Alsobrooks, suppo... Read Summary

May 14, 3:42 pm

Decrypt

Bullish Q1 Loss Driven by Lower Revenue, But CEO Remains Optimistic About Future Growth

Bullish, a crypto exchange, reported a first-quarter loss due to lower revenue from subscriptions and services, falling... Read Summary

May 14, 3:33 pm

Decrypt

Prediction Markets Receive Regulatory Relief From the CFTC, Simplifying Compliance

The Commodity Futures Trading Commission issued a no-action letter simplifying compliance for prediction markets, elimin... Read Summary

May 14, 3:09 pm

Decrypt

Nakamoto Shares Fall to New Low as Firm Sells More Bitcoin, Reports $239M Loss

Nakamoto (NAKA) shares hit a new all-time low due to a Q1 net loss of $239 million from declining Bitcoin prices. Despit... Read Summary

May 14, 2:25 pm

Decrypt

Nigel Farage Under Scrutiny for $6.7 Million Gift From Major Tether Backer

An inquiry is being launched into a $6.7 million gift Nigel Farage received from Tether investor Christopher Harborne. F... Read Summary

May 14, 1:00 pm

Coindesk

Grove Basin Aims to Improve Tokenized Treasury Funds With Instant Stablecoin Liquidity for Investors

A new liquidity network, Grove Basin, aims to enhance the $15 billion tokenized Treasury fund market by providing instan... Read Summary

May 14, 1:00 pm

Coindesk

Fasset Raises $51 Million to Expand Stablecoin-Powered Banking Platform

Fasset, a digital bank, secured $51 million in funding to enhance its stablecoin-powered banking platform, attracting in... Read Summary

May 14, 1:00 pm

Coindesk

Crypto Wallet Tech Firm Turnkey Raises $12.5 Million With Backing From Circle, Sequoia

Turnkey has secured $12.5 million in a strategic investment round, with backing from Archetype, Circle Ventures, and exi... Read Summary

May 14, 1:10 pm

Decrypt

Bank of England Reevaluating Stablecoin Regulations to Address Liquidity Stress, Industry Demands

The Bank of England is reconsidering its stablecoin rules, considering alternative approaches to managing risks as the s... Read Summary

May 14, 1:01 pm

Decrypt

Tezos Makes Post-Quantum Push as Founder Calls Out 'Crank Theories' From Bitcoin Backers

Tezos co-founder Arthur Breitman issued a warning about the industry's complacency towards quantum computing threats to... Read Summary

May 14, 12:49 pm

Decrypt

Bitcoin Dip Linked to Strategy's Preferred Stock May See a Pattern Shift on Friday's Ex-Dividend Date

Bitcoin experienced a brief dip below $80,000, attributed to Strategy's preferred stock fueling mid-month rallies for th... Read Summary

May 14, 12:13 pm

Coindesk

Coinbase Strengthens USDC Liquidity Management on Hyperliquid, Expanding Stablecoin Usage Beyond Ethereum

Coinbase is expanding its role on Hyperliquid by managing USDC liquidity through the Aligned Quote Asset framework. The... Read Summary

May 14, 12:00 pm

Coindesk

Bitcoin Firm Strive's Daily Cash Dividends on Preferred Stock Offer Higher Annual Yield Than Traditional Monthly Payments

Strive's preferred stock will pay daily cash dividends starting June 16, a first in U.S.-listed securities history. The... Read Summary

May 14, 10:56 am

Decrypt

U.S. Spot Bitcoin ETFs Post Single-Day Outflow of $630.4M

On Wednesday, U.S. spot Bitcoin ETFs experienced a significant outflow of $630.4 million, the largest in over three mont... Read Summary