Avara founder backs proposal to offboard Polygon markets from Aave
The initial proposal from Morpho Labs and Allez Labs sought to capture a 7% yield from stablecoins held in Polygon’s proof-of-stake bridge. Go to Source
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Aave DAO considers exiting on Polygon after proposed bridge
Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves. Go to Source
Allez Labs proposes yield opportunity for Polygon PoS bridge funds
According to Morpho Labs co-founder Merlin Egalite, Polygon could collect a 7% yield on its stablecoin holdings at current rates. Go to Source
Alameda Research Deposits Entire $POL Allocation Amid Polygon’s 106% Surge
A wallet, believed to be linked to Alameda Research, recently made significant moves involving $POL tokens received from the Polygon Foundation. Yesterday, the wallet deposited all 8.68 million $POL (valued at $6.19 million) into FalconX, marking the latest in a series of notable transactions. The wallet originally received these tokens, then valued at $3.2 million, … Read more
Blackrock’s BUIDL goes multichain
The tokenized money market fund will launch on nearly half a dozen new blockchain networks. Go to Source
Polygon’s AggLayer adopts Agora’s AUSD as native currency
AUSD now powers AggLayer on Polygon, optimizing crosschain liquidity and eliminating token bridges. Go to Source
Stripe’s new stablecoin option gains traction in 70 countries on day 1
Stripe reintroduces USDC payments, marking a significant moment for crypto adoption as stablecoin transactions see global demand. Go to Source
Brazilian Crypto Giants Team up to Launch Real-Pegged Stablecoin
Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon, with Cainvest providing liquidity for the BTC and ETH pairs listed on these exchanges and other markets to be developed in the future. Crypto Consortium … Read more
NFTs weekly sales volumes hit highest level since August
NFT sales volumes for the week ending Oct. 6 hit nearly $85 million, the biggest selling week for NFTs since the end of August. Go to Source
This Week’s NFT Sales See 10% Growth After Difficult September
Following a slow period for non-fungible token (NFT) sales in September, the past week has shown a 10.07% rise in revenue compared to the previous week. According to data from cryptoslam.io, the total NFT sales reached $85.8 million, with Ethereum contributing $27.75 million. NFT Market Sees $85.8M in Sales, Ethereum Tops $27M Over the past … Read more
