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Ethena’s much anticipated USDtb stablecoin, backed by BlackRock’s BUIDL token, goes live
Ethena’s much anticipated USDtb stablecoin, backed by BlackRock’s BUIDL token, goes live

Quick Take Ethena is launching a new stablecoin backed by BlackRock’s BUIDL fun. The token, USDtb, is part of the project’s effort to diversify its offerings.

The Block·2024/12/15 16:00
MicroStrategy acquires another 15,350 bitcoin for $1.5 billion, taking holdings to 439,000 BTC
MicroStrategy acquires another 15,350 bitcoin for $1.5 billion, taking holdings to 439,000 BTC

Quick Take MicroStrategy has purchased another 15,350 BTC for approximately $1.5 billion at an average price of $100,386 per bitcoin. The latest acquisitions follow MicroStrategy’s sale of 3,884,712 shares for a similar amount.

The Block·2024/12/15 16:00
Inflation risks could restrict Fed's 2025 policy moves, impacting risk assets: analysts
Inflation risks could restrict Fed's 2025 policy moves, impacting risk assets: analysts

Quick Take Analysts anticipate a 25 basis-point rate cut from the U.S. Federal Reserve at Wednesday’s FOMC meeting. While lower rates typically boost risk assets like bitcoin, the Fed’s accompanying commentary and economic projections at Wednesday’s meeting may temper expectations for further cuts amid persistent inflation concerns, analysts said.

The Block·2024/12/15 16:00
Ripple to launch RLUSD Tuesday, monthly attestations to follow
Ripple to launch RLUSD Tuesday, monthly attestations to follow

Quick Take Ripple set Tuesday, Dec. 17, as the launch date for its RLUSD stablecoin. The company will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly.

The Block·2024/12/15 16:00
Hyperliquid sees over $1 billion USDC net inflows since token launch
Hyperliquid sees over $1 billion USDC net inflows since token launch

Quick Take Hyperliquid has seen $1 billion net inflows of USDC into its network since the launch of its native token Hype. The price of Hype surged more than 590% since its launch. Hyperliquid also announced Monday that it has reached a new all-time high in open interest of above $4.3 billion.

The Block·2024/12/15 16:00
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