📉Usual Money Sparks Controversy with Redemption Change

Together with

GM Defiers!

✍️ In today’s newsletter:

• Usual Money’s liquid bond USD0++ plunges after redemption change
• Trump launches fifth digital trading card collection
• UK judge dismisses longstanding Bitcoin landfill case
• Hong Kong launches blockchain incubator to assist banks
• Grayscale considers investment products for BNB, DOGE and TRON
• Synthetix plots pivot to Base from Arbitrum

🙏Sponsored

• Stellar Launches new Contest to Crowdsource Innovation

📈 Markets in the last 24 hrs:

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

Impossible Cloud Network (ICN) is a revolutionary cloud platform that connects enterprise-grade hardware with cloud service providers. ICN is building an open cloud that is more performant than typical web2 providers while being more cost-effective so that the largest companies in the world will run their operations in it.

What would you build better? That's what Stellar asks in their new initiative. Share your vision of better futures for finance, creativity, access and more for a chance at a $30K USD prize pool. The top submissions will be used for inputs for the Stellar developer community to build products with real-world impact.

High Gain by Kelp gets you ~20%+ APY on ETH by leveraging blue-chip strategies with rsETH on Aave, Pendle, Usual and Elixir. On depositing, mint hgETH and stay liquid in DeFi while earning rewards!

📉Usual Money Under Fire For Altering Asset Floor Price

Usual Money, a real-world asset (RWA) backed stablecoin issuer is under scrutiny after manually dropping its USD0++ product’s redemption price by 13% with minimal warning.

🃏Trump Launches Fifth Digital Trading Card Collection on Bitcoin Blockchain

President-elect Donald Trump has turned to Bitcoin Ordinals for his fifth batch of digital trading cards. The latest collection is called Trump Bitcoin Digital Trading Cards. The collection launched with 160 cards, only available to owners of 100 NFT cards from the previous “Mugshot Edition” collection.

🧑‍⚖️UK Judge Dismisses $750 Million Bitcoin Landfill Case, Blocking Recovery Effort

A UK judge has blocked a man's attempt to recover a lost hard drive, believed to contain $750 million worth of Bitcoin, from a landfill. The ruling ends a long-running legal battle over the lost Bitcoin, highlighting the challenges of storing and recovering digital assets.

SPONSORED POST

Get ~20%+ APY on ETH with High Growth Vault by Kelp!

High Gain is a tokenized vault designed to maximize your ETH rewards with ease. Leveraging blue-chip DeFi strategies like Aave’s Leveraged rsETH Loop and Pendle’s PT sUSDe, it delivers the highest returns on ETH—all in just one click. Powered by trusted experts, UltraYield and UpShift, you can count on professional risk management and proven optimized performance.

Deposit your ETH to receive hgETH—a reward-bearing token that secures your vault position while keeping you liquid in DeFi. Trade or deploy hgETH across platforms like Pendle and Balancer, all while stacking impressive rewards.

Deposit now and get the highest rewards on ETH with High Gain!

🏦Hong Kong Launches Incubator to Supervise Banks’ Blockchain Experiments

The Hong Kong Monetary Authority (HKMA) has launched a Distributed Ledger Technology (DLT) initiative to assist banks with blockchain experiments.

📊Grayscale Considers Adding BNB, Dogecoin and Tron to its Investment Instruments

Crypto asset manager Grayscale listed several of the top 20 cryptocurrencies by market cap, including BNB, Dogecoin, and Tron, among the 39 digital assets it is considering including in its product suite.

💱Synthetix to Pivot V3 Perps From Arbitrum to Base

Ethereum-based derivatives liquidity protocol Synthetix has begun to pivot from Arbitrum to Base by setting perps trading on the latter network to close-only mode.

🌍 ELSEWHERE

• Bitcoin Falls to Lowest Since November in Risk-Asset Selloff (Bloomberg)
• U.S. Banking Should Ease Path for Crypto, Republican Taking Reins at FDIC Suggests (Coindesk)
• Bitcoin expert says market hasn't priced in Trump's pro-crypto policies (TheStreet)

🔥TRENDING

• Synthetix to Pivot V3 Perps From Arbitrum to Base
• Grayscale Considers Adding BNB, Dogecoin and Tron to its Investment Instruments
• Trump Launches Fifth Digital Trading Card Collection on Bitcoin Blockchain
• Hong Kong Launches Incubator to Supervise Banks’ Blockchain Experiments
• UK Judge Dismisses $750 Million Bitcoin Landfill Case, Blocking Recovery Effort
• Usual Money Under Fire For Altering Asset Floor Price