Due to high demands, Coinbase increases its junk-bond offering to $2B
Coinbase cryptocurrency exchange has increased the size of its junk bond offering from $1.5 billion to $2 billion, due to overwhelming demand. According to the Economic Times , at least $7 billion in orders for equal quantities of seven and ten-year bonds with interest rates of 3.375 percent and 3.625 percent were placed in the […]
Solana receives a surge of institutional traders as demand for ETH and BTC flattens
As demand for Ether (ETH) and Bitcoin (BTC) exposure has levelled, institutional traders have flocked to Solana (SOL), accounting for a stunning 86.6% of total weekly crypto investment product inflows last week. Solana (SOL) investment products had inflows of $49.4 million between Sept. 6 and Sept. 10, according to the Sept. 14 edition of CoinShares’ […]
US Treasury reportedly considers the regulation of stablecoins
The US Treasury Department has apparently explored potential regulation for private stablecoins, despite the market’s expansion. The officials are studying the risks involved if too many people decide to withdraw their stablecoins all at once. According to Reuters, the Treasury held numerous meetings last week to assess the dangers of stablecoins to users, markets, and […]
Zabu token price flatlines after the attack on Avalanche blockchain
Zabu Finance, a DeFi platform built on the Avalanche blockchain, has apparently been hacked. Zabu confirmed that the attacker successfully pulled out 4.5 billion tokens in Zabu Farm Contract and stole around $600K. Zabu Finance publicized the vulnerability by appealing to Avalanche and popular Avalanche-hosted decentralized exchanges like Pangolin and Trader Joe for assistance: “Zabu […]
Institutional exposure to altcoins reaches new highs
Investments in Solana-based investment products increased by an astounding 388 percent last week, with institutional investors obtaining exposure to $13.2 million worth of SOL products. Altcoin exposure is now in high demand among institutions, with the altcoin market share currently accounting for 35 percent of all capital invested in crypto investment products, according to data […]