tgoop.com/BinanceResearch/721
Last Update:
Highlights 🧵:
1/ Stripe acquired stablecoin platform Bridge for US$1.1B, furthering its expansion into digital asset infrastructure. This move underscores Stripe's commitment to stablecoins and crypto, aiming to streamline stablecoin transactions for businesses and highlighting the growing importance of them in the financial sector.
2/ VanEck introduced staking rewards for its Solana exchange-traded note in Europe, allowing investors to earn passive income that is auto-reinvested daily. This non-custodial process has a 25% staking fee deducted before adding rewards to the ETN's NAV, ensuring max liquidity and proportional reward distribution. Meanwhile, VanEck is awaiting SEC approval for a Solana ETF in the U.S., which will not include staking rewards.
3/ ApeChain launched mainnet on Arbitrum Orbit, introducing native staking yield to APE holders. Apechain is also integrated with LayerZero for cross-chain capabilities. Yuga Labs, in partnership with Wire Network, aims to enhance creator capabilities on ApeChain with AI-driven tools. Additional features include the Yuga ID for simplified account management.
BY Binance Research
Share with your friend now:
tgoop.com/BinanceResearch/721