Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between March 31st and April 7th, 2024.
Welcome to the 189th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between March 31st and April 7th, 2024.
🔥 The DeFi Bulletin
JPMorgan believes the SEC will eventually approve spot Ethereum ETFs.
dYdX Governance voted to create a new legal entity in the Cayman Islands, scrapping the existing treasury.
MakerDAO proposed allocating $600M of $DAI to $USDe and $sUSDe.
A SushiSwap governance proposal suggested shifting DAO treasury assets to its new Sushi Labs vault.
Frax tokens are to be natively issued on Noble, allowing expansion into the Cosmos ecosystem.
Ethena Labs added Bitcoin as a $USDe backing asset.
Celestia brought its Blobstream solution to Arbitrum Orbit chains.
Raiinmaker, a web3 AI firm, secured $7.5M in seed funding.
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💵 State of the Stablecoins
Ethena’s $USDe has crossed the $2B mark for supply within two months of its launch.
Van Eck Scion launched a stablecoin with the support of its investment firm.
Agora, a stablecoin issuer, raised $12M in seed funding.
Thanks for reading, and be sure to catch the 190th issue of The Defiprime Post out this time next week! 👋♦️👋