Ethena Labs has partnered with FalconX to establish a $1 billion revolving credit facility that shifts USDe's backing from basis trades to overcollateralized institutional lending. This new structure uses a bankruptcy-remote vehicle to protect Ethena’s capital and ensures loans are secured by crypto collateral exceeding loan value. The move addresses the volatility of funding rates in perpetual futures and aims to scale institutional lending, which already accounts for nearly 7% of USDe's backing. This partnership deepens their existing relationship and offers a more stable yield of 4-7% annually on the lending portion.
Robinhood has introduced its crypto trading service in the UK, offering over 50 digital assets including XRP to retail investors through its well-known app. This rollout lowers barriers for new buyers by eliminating trading, custody, and maintenance ...
Moderna's stock jumped 93% following the announcement that its Phase 3 melanoma trial, conducted with Merck, met its primary endpoint by significantly improving recurrence-free survival when combined with Merck's Keytruda. This marks the first positi...
Allora Network released version 0.17 of its mainnet on August 19, 2026, enhancing its decentralized AI prediction protocol. The key upgrade allows the network to produce multi-label predictions with labeled outcomes, moving beyond single scalar value...
The CBOE Volatility Index (VIX) has fallen to the 12th percentile of its 12-month range, reducing option premiums that income ETFs SPYI, JEPQ, and GPIQ rely on for monthly cash distributions. Each fund manages this premium decline differently: SPYI m...
Target reported stronger-than-expected Q2 results with sales up 5.3% to $26.54 billion and adjusted EPS rising 20% excluding tariff refunds. Digital sales grew 8.7%, driven by same-day delivery, and all core merchandise categories saw sales increases...
