A massive cryptocurrency scam in South Korea led to the arrest of 215 people, including a YouTuber who used his platform to promote fake investment schemes. The scam, which targeted over 15,000 investors, defrauded them of around $230 million by selling worthless crypto assets and making false promises of high returns.

Binance Founder CZ playfully mocks “Bitcoin is Dead” critics as Bitcoin hits a new all-time high, underscoring the cryptocurrency’s resilience and defying those who doubted its longevity.

The BRICS bloc has just announced the shocking announcement that it would be backing down on its fights against Dollar.

PayPal’s dollar-pegged stablecoin has integrated cross-chain bridge LayerZero to allow transfers of PYUSD between the two networks.

President-elect Donald Trump announced Tuesday that Tesla CEO Elon Musk and Strive co-founder Vivek Ramaswamy will lead the newly created D.O.G.E, focused on reducing bureaucracy, cutting costs, and streamlining government operations.

Meta has reduced the prices of its ad-free subscriptions for Facebook and Instagram in the EU by up to 40%, following regulatory pressure. It has also introduced a new "less personalised" ad option for users who prefer to access the platforms for free.

Overnight, BTC retreated from nearly $90,000 to $84k. BTC "collapsed" again. For more than a decade, BTC has been collapsing upwards, which really has a hint of the black humor of the US military's "backward attack" on the Korean Peninsula.

European and American stock markets fell significantly on Tuesday. U.S. stocks ended their previous winning streak. All three major indexes fell, and major European stock indexes fell across the board. The hot "Trump deal" in the past week has temporarily cooled down.

After much anticipation and endless speculations, Ethereum Foundation researcher Justin Drake has finally reveal his “Beam Chain”proposal to enhance Ethereum’s consensus layer.

Aleksandar Kuzmanovic is a professor of computer science at Northwestern University, where he has focused on computer network research.

According to Blockworks, Ian De Bode has left his position as head of digital assets at McKinsey & Company to join real-world asset startup Ondo Finance as chief strategy officer. This move marks the latest hire from a major traditional finance institution for Ondo. The company's founder and CEO, Nathan Allman, previously worked on Goldman Sachs' digital assets team. Ondo has also recently hired Goldman's former head of digital asset compliance as its chief risk and compliance officer, and its vice president of partnerships, Kate Wheeler, was a former vice president at BlackRock. De Bode expressed his belief in the potential of digital assets to create an open and accessible financial system and praised Ondo as the team to achieve this goal. Allman commended De Bode's outstanding track record and forward-thinking approach to onchain finance. Ondo specializes in the tokenization of real-world assets, such as its USDY stablecoin, which pays out yield secured by US Treasurys. The company has also invested $95 million of the backing behind its OUSG US Treasury tokens in BlackRock's on-chain money market fund, BUIDL. In other news, Canadian bitcoin mining company Bitfarms announced a CEO transition, with current president and CEO L. Geoffrey Morphy set to depart the firm following a search for his replacement by the board of directors. Morphy joined Bitfarms in August 2020 and became CEO in December 2022 after co-founder Emiliano Grodzki resigned from the position. Under Morphy's leadership, Bitfarms' stock price has risen more than 130% in the past year, though it has fallen more than 20% in the past month amid a broader mining stock pullback.

According to Foresight News, Ondo has announced a partnership with secure custody platform thisisarculus. The collaboration will enable support for USDY and OUSG custody on both IOS and Android applications. This partnership aims to enhance the user experience and provide a secure environment for managing digital assets.

According to Blockworks, Tether currently dominates stablecoin trading, with over 100 billion USDT in existence, representing over 70% of all stablecoins. However, a new crop of stablecoins is aiming to compete with Tether by offering yield. Tether's revenue largely comes from its investment in US Treasurys, and some stablecoin projects are paying out the yield earned by Treasury investments to attract users. This strategy is partly inspired by the returns earned by MakerDAO, which offers its own version of a yield-bearing stablecoin through its DAI savings rate (DSR) contract. One example is Ondo Finance's USDY, a tokenized note that offers yield on US Treasurys. Since its launch in August 2023, USDY has grown to roughly $95 million in market capitalization. A dashboard from DAO consulting firm Steakhouse lists ten securities tokens, most of which launched in mid-to-late 2023, that also share T-Bill yield. Ethena, another new stablecoin project, offers a locked and yield-generating version of its synthetic dollar USDe, called sUSDe. The yield on sUSDe comes from staked ETH rewards and the fee paid to short positions by those with long positions. Despite these new offerings, Tether remains dominant in the stablecoin market. However, the emergence of yield-generating stablecoins may attract more users and potentially challenge Tether's dominance in the future.

According to Foresight News, Ondo Finance has announced that its subsidiary, Ondo USDY LLC (USDY), has registered with the United States Financial Crimes Enforcement Network (FinCEN) as a Convertible Virtual Currency (CVC) administrator and money service provider. This registration marks a significant step for the company in complying with regulatory requirements in the US.

디파이 프로토콜 온도파이낸스(ONDO)가 공식 X를 통해 "온도 계열사인 USDY가 미국 재무부 산하 금융범죄단속네트워크(FinCEN, 핀센)의 현금화 가능한 가상화폐(convertible virtual currency, CVC) 관리자 및 금융서비스 제공업체로 등록됐다"고 발표했다.

According to Foresight News, Scallop, a Sui ecological lending protocol, has announced a partnership with real-world asset (RWA) protocol Ondo Finance. The collaboration aims to integrate the yield-bearing stablecoin USDY. The partnership between Scallop and Ondo Finance will enable users to access the benefits of the USDY stablecoin, which is designed to provide a stable and secure store of value. This collaboration is expected to enhance the overall ecosystem and user experience for both platforms.

According to Foresight News, USDY, a US dollar yield stablecoin, has officially launched on the Sui Network. The issuer of USDY, Ondo Finance, uses short-term US Treasury bonds and bank demand deposits as backing. By holding the USDY token, users can earn yields.

1일, 공식 발표에 따르면 수이(SUI) 네트워크는 9개월 만에 총 락업 가치(TVL)가 5억 달러를 돌파했으며, 네트워크의 새로운 스테이블코인 USDY의 출시로 더욱 힘을 얻었다. 스테이블코인 대안으로 USDY의 가치는 미국 달러에 1대1 비율로 고정되어 있으며, 추가되는 수익을 보유자에게 제공한다. USDY 스테이블코인 발행사인 온도파이낸스는 단기 미국 국채와 은행 요구불예금으로 이를 뒷받침한다. 토큰의 이름은 US Dollar Yield의 약자로, 수익률 특성을 ... source: https://coincode.kr/12648

외신에 따르면 수이(SUI)에서 디파이 프로토콜 온도파이낸스(ONDO)의 USDY 국채 토큰을 사용할 수 있게 됐다. USDY는 미국채로 뒷받침되고 이자를 지급하는 토큰이다.

戦略的提携で 機関投資家向けDeFi（分散型金融）プロトコル「Ondo Finance（オンドファイナンス）」とレイヤー1ブロックチェーン「アプトス（Aptos：APT）」を支援するアプトス財団（Aptos Founda […] source: https://www.neweconomy.jp/posts/373213