Analyses

Daily News Summary 22/7

July 22, 2024 Tóth Balázs
Back

Mocaverse Partners with TON

Animoca Brands has announced a partnership between its two subsidiaries, the blockchain-based identity project Mocaverse and the MOCA Foundation, which oversees the MOCA token, with the TON Foundation. This collaboration will connect the two ecosystems and facilitate token exchanges to boost user activity between them. TON’s vision of freedom in interactions strategically aligns with Animoca Brands’ mission to promote digital ownership.

Asia's First Inverse Bitcoin Futures Product Launches in Hong Kong

CSOP Asset Management, one of China’s largest asset managers, has launched Asia’s first inverse Bitcoin futures product in Hong Kong, named the CSOP Bitcoin Future Daily (-1x) Inverse Product. The fund aims to provide investors with a method to profit from declines in Bitcoin’s price. This product offers an investment opportunity that corresponds to the inverse daily performance of the S&P Bitcoin Futures index.

NPC Labs Secures $21 Million Funding

Web3 gaming infrastructure startup NPC Labs has secured $21 million in funding from Pantera Capital, Hashed, and other investors. Founded in April this year by three former Coinbase employees, NPC Labs aims to expand the adoption of on-chain gaming through its B3.fun platform built on the Base blockchain.

First Native Yield-Bearing Stablecoin Now Available on Cosmos

The Noble blockchain and Ondo Finance teams have announced the launch of the Ondo US Dollar Yield (USDY) stablecoin on Cosmos. The USDY is a tokenized note backed by short-term U.S. Treasury bills and U.S. bank demand deposits, making it the first native yield-bearing dollar stablecoin in the ecosystem. With this launch, USDY will be accessible on networks such as Injective, Osmosis, Kujira, and Pyth.
Related categories
Recommended

You may also be interested in these articles!