Tether Launches a Wallet
gm, Defiers!
TL;DR:
- Tether unveils self-custodial wallet
- Aave DAO passes Aave Will Win framework
- Goldman Sachs files for BTC-linked ETF
Let’s dive in.
Crypto markets are experiencing a broad rally today, with BTC pushing to a monthly high above $75K. ETH performed even better on the day and week, up ~6% today to trade near $2,350. Total market cap is above $2.6T.
Today, Tether announced it’s moving from asset issuance to wallet infra, launching a self-custodial crypto wallet app using its own open-source wallet development kit (WDK). The primary pitch of the app is to simplify and streamline self-custodial crypto management, and it notably only supports Tether’s USD stablecoins (USDT, USAT) and its tokenized gold product (XAUT) across multiple chains, plus Bitcoin.
In DeFi, the Aave DAO voted to approve the funding request for the “Aave Will Win” proposal, the first binding component of the new framework. The move directs 100% of revenue from all Aave-branded products to the DAO treasury and consolidates economic rights under the AAVE token.
Meanwhile, in TradFi, investment banking giant Goldman Sachs just applied for its first crypto-related exchange-traded product. But instead of a spot crypto vehicle, Goldman has opted to launch a fund that primarily holds spot Bitcoin ETPs from other issuers.
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Quantum Could Break Bitcoin Sooner Than We Thought | Alex Pruden
In this episode of The Defiant Podcast, Camila Russo sits down with Alex Pruden, co-founder and CEO of Project 11, to unpack what the latest quantum breakthroughs actually mean for Bitcoin, Ethereum, and the broader crypto ecosystem.
Alex explains why the latest research matter, how quantum computers could use Shor’s algorithm to break the cryptography behind blockchain ownership, why exposed public keys are especially vulnerable, and what “Q-Day” could look like if the industry is unprepared.
Tether Introduces Multichain Self-Custodial Wallet
Tether today unveiled its self-custodial crypto wallet using the open-source Wallet Development Kit (WDK) developed by the firm. According to an announcement from the firm, tether[.]wallet supports USDT, USAT, Bitcoin and XAUT, what Tether says represent “the only assets that truly matter for most of the people.”
Why it matters: Tether is the issuer of the largest stablecoin by market cap, USDT, as well as tokenized gold, silver, and select other fiat currencies.
Aave DAO Votes to Consolidate All Revenue Under AAVE Token
The Aave DAO on Sunday approved the first binding component of the "Aave Will Win" framework, which founder Stani Kulechov calls "the most important proposal in Aave's history," directing 100% of revenue from all Aave-branded products to the DAO treasury and consolidating economic rights under the AAVE token.
Why it matters: The proposal resolves a governance crisis that erupted in December, which has resulted in three major contributors exiting the Aave ecosystem in the months since.
Goldman Sachs Files for Its First Bitcoin-Linked ETF
Goldman Sachs has filed with the U.S. Securities and Exchange Commission (SEC) for the Goldman Sachs Bitcoin Premium Income ETF, marking the Wall Street giant's first foray into issuing its own crypto fund.
Why it matters: While still a first for Goldman, the fund will primarily invest in shares of existing spot Bitcoin ETPs, rather than buying BTC directly.
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