Ledn, a crypto lending company, has completed the first asset-backed securities (ABS) deal backed by bitcoin collateral, raising $188 million for crypto credit markets. Asset-backed securities are bonds backed by pools of underlying loans, with investors receiving payments from the cash flows generated by those loans. Bloomberg reported that the bonds are secured by a […]
Uniswap Labs’ and Uniswap Foundation’s “UNIfication” proposal to activate protocol fees for the largest decentralized exchange in crypto and burn millions of UNI received overwhelming support from voters, transforming the token from a purely governance mechanism into a value-accruing asset. The proposal received more than 125 million votes in support over the five days of […]
T3 Financial Crime Unit, a crypto task force said it froze $300 million in tainted funds in its first year of operation, earning praise from international law enforcement and showing the stablecoin industry is capable of policing itself. Formed in late 2024 by stablecoin issuer Tether, the Tron blockchain and TRM Labs, a blockchain intelligence […]