Solana yield exchange Exponent raises $5 million seed led by Multicoin Capital
Solana-based yield exchange Exponent raised $5 million in seed funding led by Multicoin Capital, bringing total capital to $7.1 million. The startup plans launching an updated platform featuring onchain interest rate order books and strategy vaults for yield management. With $2 billion processed volume since late 2024, Exponent targets expansion across stablecoins and real-world assets on Solana's high-performance network.
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Coinbase's asset manager to offer stablecoin credit fund with tokenized share class
The fund, dubbed CUSHY, targets yield from onchain lending and private credit, offering tokenized access through Superstate for institutional investors....
Banks push to slow stablecoin law as Agora races for charter
U.S. banks are pushing regulators to delay the Genius Act's stablecoin framework, while Agora races to secure a national bank charter from the OCC. Banks fear deposit flight if stablecoin issuers offer competitive yields. The outcome will determine whether crypto firms or traditional banks control digital dollar infrastructure. Agora's charter pursuit could reshape payments and reduce fiat-to-crypto conversion fees for Indian investors accessing global markets.
MegaETH Token Launches as Ethereum Layer-2 Network's Novel Rewards System Is Tested
MegaETH token launches alongside Ethereum's Layer-2 network, introducing a novel rewards system under testing. The token powers the protocol's incentive mechanism, aiming to enhance network participation and user engagement. Layer-2 solutions reduce Ethereum transaction costs and speeds, making them critical for scaling adoption in India's growing crypto market. MegaETH's success depends on reward distribution efficiency and community adoption.