On November 6th, Michael Egorov, the founder of Curve, proposed to deploy Venus Protocol on the Ethereum mainnet to the Venus Protocol community on the BNB Chain lending protocol. The proposal suggests deploying Venus Protocol on the Ethereum mainnet and using Curve tokens crvUSD and CRV as collateral and borrowable assets. Curve will provide incentives using 500,000 CRV and require Venus to match this mining incentive with XVS, doubling the reward and providing an annual interest rate of 10%.
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Curve founder launches proposal to deploy Venus Protocol on Ethereum mainnet
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Tether CEO: Ripple CEO's comments spread fear about USDT
According to reports, Tether CEO Paolo Ardoino responded to comments made by Ripple CEO Brad Garlinghouse in a recent interview about the stablecoin Tether (USDT) on social media. Garlinghouse stated in the interview that the US government is pursuing Tether, which is clear to me. Ardoino said that an uninformed CEO leading a company under SEC investigation launched a competitive stablecoin (cui prodest), spreading fear about USDT. Ardoino emphasized Tether's critical role in providing financial services to unbanked communities in emerging and developing regions, which are often overlooked by traditional financial institutions. He further asserted that Tether adheres to strict transparency and regulatory compliance standards, as evidenced by its compliance with the OFAC/SDN list, its partnership with Chainalysis, and its extensive collaboration with international law enforcement agencies to detect and prevent illegal activities, thereby enhancing the security of its ecosystem. -
Volume 182: Digital Asset Fund Flows Weekly Report
First inflows in 5 weeks totalling US$130m, hesitant Ethereum investors
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Swiss Crypto Bank Amina: Listing Ethereum as a Security Could Cause Many Crypto Teams to Exit the Space
Swiss encrypted bank Amina stated in the latest "Cryptocurrency Market Monitoring" report that classifying Ethereum as a security could not only bring risks to the entire cryptocurrency market, but also lead to many cryptocurrency teams exiting the field. This determination could hinder the development of the cryptocurrency market and potentially reverse progress made over the years. In addition, the US SEC is likely to delay its decision on the status of Ethereum, putting the cryptocurrency asset in a "gray area". -
Ripple CEO: The US government’s next target is Tether
Ripple CEO Brad Garlinghouse recently stated in an interview that the next target of the US government is Tether, the stablecoin company responsible for the circulation of USDT. Some experts believe that Garlinghouse's statement is a very big insider report, and if it really happens, there will be a huge selling pressure in the USDT stablecoin market. In this case, the value of USDT will experience a significant decline. -
Cointime May 12 News Express
1.The number of Bittensor subnets for the AI project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days -
Interpol Nigeria boosts cybersecurity with virtual asset training
The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.
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JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian
Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products.
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Fed's Kashkari: The bar for another rate hike is high, but it cannot be ruled out
The Federal Reserve's Kashkari expressed a cautious attitude towards restrictive monetary policy; he is adopting a wait-and-see attitude towards future monetary policy; he is in a wait-and-see state to see if inflation is stagnating; the threshold for raising interest rates again is high, but this possibility cannot be ruled out; if inflation data supports it, the Fed will maintain interest rates. -
HKEX CEO: Virtual asset exchanges have become HKEX’s competitors
On May 10th, Hong Kong Exchanges and Clearing Limited's new CEO, Nicolas Aguzin, stated in an interview with the Shanghai Securities News that HKEX faces competition not only from other securities exchanges, but also from external competitors such as virtual asset exchanges. In order to meet the rapidly evolving demands of customers and technology, HKEX must balance innovation and stable business operations, continuously expand its resources for listed companies, and improve its market services.
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