The project’s fixed-income products have generated significant interest from investors. In just over six months, it has attracted over $200 million in TVL and recently raised funding at a $400 million valuation.

India's Supreme Court slams government delays, likens Bitcoin trading to hawala. Nomad $190M DeFi bridge hacker arrested in Israel. SEC delays decision on Canary spot Litecoin ETF. eToro to raise $500M via US IPO. US House drafts new crypto market structure bill. Vaneck files for BNB ETF. Ripple

Evolving beyond a staking protocol, the project is transforming into a full-fledged fintech platform, featuring its own credit cards and a variety of DeFi integrations for its users.

Arbitrum improves blockchain transaction processing with a new feature called Timeboost. The transaction ordering mechanism lets MEV searchers bid for priority transaction placement, creating also a new revenue stream for the DAO.

Synthetix's main stablecoin, sUSD, has been trading significantly below its $1 peg for over a month after the implementation of the SIP-420 protocol upgrade. In an act of manual intervention within a decentralized system, the project’s founder has urged users to take action and help restore the peg

India's cryptocurrency exchange WazirX is preparing to relaunch operations following a devastating $234.9 million hack in July 2024. A pivotal hearing in the Singapore High Court, scheduled for May 13, 2025, will determine the fate of its restructuring and user compensation proposal.​

Liquidity lockers are now vital for project founders to establish trust with their communities. UNCX Network, one of the largest in the space, secures over $240 million in liquidity, showcasing its significance.

Ethena and Securitize unveil a new blockchain for Real-World Assets (RWA) and digital money. The new chain will be optimized for launching both permissionless and permissioned RWA applications, leveraging Arbitrum’s tech stack and Celestia for data availability.

The project aims to disrupt the reinsurance industry by bringing reinsurance contracts on-chain and making them accessible to a broad range of Web3 investors.