Analyses

Daily News Summary 14/10

October 14, 2024 Tóth Balázs
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Ethena Proposes Expanding Collateral Options

The community of decentralized stablecoin protocol Ethena has submitted a proposal to add SOL as a collateral asset for its synthetic dollar, USDe. This mechanism would mirror the collateralization strategy Ethena currently uses for BTC and ETH perpetual futures contracts. The proposal also includes using BNSOL (Binance Liquid Staked SOL) and bbSOL (Bybit Liquid Staked SOL) as additional collateral options.

Monochrome Asset Management Launches Spot ETH ETF

Monochrome Asset Management has announced that it has received long-awaited regulatory approval to launch Australia’s first spot Ethereum ETF (IETH) on the U.S. market. Listed on the Cboe, this fund will reportedly be the world’s first ETF to offer in-kind Ethereum subscriptions and redemptions. Monochrome also manages a spot Bitcoin ETF, IBTC, listed on Cboe Australia.

HYPE Airdrop Announced

The newly established Hyper Foundation, the organization behind the decentralized platform Hyperliquid, has announced the upcoming release of its native token, HYPE, ahead of the HyperEVM mainnet launch. This token is essential for the HyperBFT proof-of-stake consensus, HyperEVM, and future development initiatives. The exact date for the airdrop has not yet been disclosed.

Kamala Harris Supports Crypto System for Black Men

U.S. Democratic presidential candidate Kamala Harris has proposed a crypto regulatory framework aimed at protecting Black men who invest in and hold crypto assets. Her “Opportunity Agenda for Black Men” initiative is intended to support wealth-building opportunities for Black men.

Deutsche Bank Partners with Keyrock

Deutsche Bank has formed a partnership with Brussels-based Keyrock to provide multi-currency accounts and foreign exchange services. As one of Europe’s leading digital asset liquidity providers, Keyrock can now optimize and expand its market-making and over-the-counter trading services. This partnership allows Keyrock to consolidate services under a single entity, reducing both counterparty and settlement risks.
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