Author: Oluwapelumi Adejumo

Ethena Labs has expanded its “synthetic dollar” USDe to the Solana blockchain and revealed intentions to add the SOL token as a backing asset for the stablecoin, according to an Aug. 7 statement. USDe’s integration with Solana was achieved through LayerZero’s omnichannel fungible token (OFT). Ethena Labs noted that over 90% of Solana’s $3.5 billion

Yona Network, a Solana Virtual Machine (SVM) Bitcoin Layer 2 network, has adopted Neon Stacks to introduce Ethereum Virtual Machine (EVM) compatibility to the Bitcoin network. According to a July 25 statement shared with CryptoSlate, this collaboration aims to drive innovation in the Bitcoin DeFi ecosystem while enhancing accessibility and scalability for decentralized applications (dApps)

Former US President Donald Trump has dismissed reports suggesting he is considering JPMorgan Chase’s CEO Jamie Dimon or BlackRock’s Larry Fink for the Treasury Secretary position. On July 23, Trump posted on his Truth Social account, stating he didn’t know who suggested that Fink or Dimon was under consideration for a role in his administration…

The US Securities and Exchange Commission has issued notices of effectiveness for several Ethereum-related exchange-traded funds (ETFs) as they begin trading today, July 23. Available information on the regulator’s website confirms the effectiveness of the S-1 filing of different issuers, including VanEck, Grayscale, Bitwise, Invesco, and Fidelity…

Binance CEO Richard Teng has welcomed Standard Chartered into the crypto industry after reports revealed that the banking giant was preparing to launch a spot trading desk for Bitcoin and Ethereum. This move would make the bank one of the first major traditional financial institutions to offer direct trading services for the top digital assets