“Lend aims to provide eligible customers a 4% annualized percentage yield by lending out USD coin (USDC) to “verified borrowers.” Coinbase said it had been in discussions with the SEC over its program for almost six months.
Coinbase says the SEC won’t explain its issue with the Lend program. ‘Rather, they have now told us that if we launch Lend they intend to sue.’ Armstrong also said the agency gave no reasons for a potential lawsuit.
How can lending be a security?”
“Eden seeks to shield Ethereum traders from the menace of miner extractable value (MEV). MEV is the measure of profits miners can make by capriciously reordering transactions within blocks they produce.
Backed by some of the largest Ethereum mining pools, Eden creates new incentives for block producers and redistributes MEV in a more equitable way. Eden creates clear and transparent rules with incentives for miners and traders to follow.
Eden Network represents a fairer, more democratic and market-driven approach to fixing MEV than anything that has come before it.
For institutional [decentralized finance] participants, the market for MEV is becoming as critical as spot liquidity and depth.
Since Ethereum’s London hard fork went live on Aug. 5, Eden represents 50% of the total hash power on the Ethereum network, meaning Eden blocks are being produced more than anywhere else.”
“Bitcoin is stabilizing around the 200-day moving average at $46,000 after a sharp sell-off on Tuesday. The cryptocurrency is down about 8% over the past 24 hours, with sellers in control of the $50,000 resistance zone.
Upside momentum has slowed over the past month, although buyers were able to defend support around the $42,000 breakout level achieved Aug. 6. Buying could be limited, however, as overhead resistance remains strong around the $55,000-$60,000 range.”
“The world’s biggest asset manager is joining Citi and Goldman Sachs, among others, on the network. Starting with equity swaps, Axoni will help BlackRock build ‘scalability while mitigating risks in the investment life.'”