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Ethena Launches Pay App on Avalanche With Tiered Rate Up to 6%
DeFi

Ethena Launches Pay App on Avalanche With Tiered Rate Up to 6%

The iOS beta starts with 400 users, while official terms cap boosted balances and put cashback at up to 5% — not 10%.
Firelight Raises $8 Million to Backstop DeFi Vaults With Staked XRP
DeFi

Firelight Raises $8 Million to Backstop DeFi Vaults With Staked XRP

The Sentora-incubated cover protocol already holds $76 million in staked XRP on Flare. Its first cover integrations go live this month, into a market where onchain protection covers about 0.1% of DeFi.
Securitize's HINC Becomes Collateral on Solana's Loopscale
DeFi

Securitize's HINC Becomes Collateral on Solana's Loopscale

Eligible investors can now borrow USDG against a fund holding high-yield corporate bonds and CLO tranches, collateral whose value moves daily with credit spreads.
Robinhood Chain Tops Ethereum In Daily App Revenue
Blockchains

Robinhood Chain Tops Ethereum In Daily App Revenue

Applications on the two-month-old Arbitrum network earned $2.66 million in 24 hours, ranking second behind Solana, with a memecoin launchpad as the biggest single source.
Bloomberg: Hyperliquid in Advanced Talks With Kraken Parent on US Perpetuals Push
DeFi

Bloomberg: Hyperliquid in Advanced Talks With Kraken Parent on US Perpetuals Push

The reported plan would route U.S. traders through CFTC-regulated Bitnomial, while neither Payward nor Hyperliquid has confirmed a deal.
A Memecoin Called BONER Has Cornered Half the Tokenized Hims & Hers Float
Tokens

A Memecoin Called BONER Has Cornered Half the Tokenized Hims & Hers Float

The BONER/HIMS pool on Robinhood Chain holds 31,198 of the 58,714 tokenized Hims & Hers shares that exist. With the NYSE closed on Sunday night, the tokenized stock printed $132.64 against an equity that had closed Friday at $28.84.
Ontology Halts Mainnet Block Production Over Potential Security Concern
Blockchains

Ontology Halts Mainnet Block Production Over Potential Security Concern

The explorer’s last block was created at 4:24 a.m. ET, leaving transactions and Ontology-side bridge transfers unable to settle while validators review the network.
Traders Make a September Rate Increase the Favorite as Bitcoin Holds $78,000
Markets

Traders Make a September Rate Increase the Favorite as Bitcoin Holds $78,000

Polymarket prices a quarter-point hike at 55.5% after Kevin Warsh's Jackson Hole speech, against 28% on Friday afternoon. Bitcoin is down 0.7% on the day and 24.5% higher since the start of August, while 88 of the 125 largest non-stablecoin tokens fell.
BitMine’s Staked ETH Holds at 5.07 Million as Treasury Grows
TradFi & Fintech

BitMine’s Staked ETH Holds at 5.07 Million as Treasury Grows

The $12.7 billion staked balance was unchanged in four weekly readings, while BitMine added 53,501 ETH and reported $335 million in annualized staking revenue.
Sberbank Plans Bitcoin, Ethereum and Tether as Loan Collateral
TradFi & Fintech

Sberbank Plans Bitcoin, Ethereum and Tether as Loan Collateral

The expansion is contingent on new crypto rules taking full effect and the Bank of Russia permitting the assets for public circulation.