FalconX and Ethena have created a $1 billion institutional lending platform backed by Ethena's USDe synthetic dollar token collateral. This platform offers overcollateralized financing for institutional clients through a special purpose vehicle, with FalconX managing loan origination, servicing, and collateral. The partnership diversifies Ethena's revenue beyond crypto basis trading, tapping into secured institutional lending markets. Both firms plan to expand the facility as demand for institutional borrowing grows, aiming to connect blockchain liquidity with traditional credit markets while enhancing USDe's stability.
Solana (SOL) and Ripple (XRP) surged about 10% on August 19, driven by a Bitcoin-led market rally and a short squeeze triggered by U.S. Treasury bond market moves. SOL reclaimed its 200-day moving average and hit a 3-month high, signaling bullish mom...
Grayscale has submitted its fourth amendment to the SEC to transform its Zcash Trust into a spot exchange-traded fund (ETF) under the ticker ZCSH on NYSE Arca. Digital Currency Group’s subsidiary is in preliminary talks to buy about 200,000 ZEC token...
Ripple CEO Brad Garlinghouse participated in private discussions with top crypto leaders and Commerce Secretary Howard Lutnick to advance the CLARITY Act, a bill aimed at clarifying US crypto regulations. The act could provide clearer rules for digit...
Blue Star Helium, a new helium producer in the U.S., has started helium production and sales from its Galactica asset and is developing CO2 revenue streams. The company plans to drill three more wells in 2026 to increase helium output and six more in...
FalconX and Ethena have created a $1 billion secured credit facility backed by Ethena's USDe synthetic stablecoin collateral to provide overcollateralized loans to institutional clients. FalconX manages loan origination, servicing, and collateral ove...
