Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield

The Galaxy-backed stablecoin project aims to attract DAO treasuries to allocate in their new stablecoin.Source

CoinDesk 20 Performance Update: Index Rallies 7.1%, Led by XRP’s 17.5% Gains

Ripple soared 17.5% while Solana climbed 8.9%, leading the index higher.Source

Crypto Asset Manager Algoz Taps Standard Chartered-Backed Zodia Custody for Safer Investing

Algoz will use Zodia’s Interchange service to offer off-venue settlement and mitigate risks around liquidity and insolvency.Source

NEAR Pushes ‘Signatures’ on Mainnet, in Growing Trend of Chain Abstraction

The feature was introduced in testnet in March, and allows users with a NEAR account to sign transactions on blockchains it supports, without the need for cross-chain bridges.Source

Franklin Templeton’s Tokenized Money Market Fund Expands to Arbitrum

The $420 million OnChain U.S. Government Money Market Fund was previously available on Stellar and Polygon.Source

Coinbase-Backed Vega Gets Into Prediction-Market Race, Chasing Polymarket

A major upgrade to Vega’s blockchain and decentralized perpetuals exchange will allow users to bet on the outcomes of future events.Source

First Mover Americas: Crypto Prices Little Changed, XRP Surges

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Wallet Linked to Nomad Bridge Hack Transfers $36M of Ether to Tornado Cash

A wallet linked to the $200 million hack of the Nomad bridge in 2022 transferred 14,500 ETH to sanctioned coin-mixing service Tornado Cash, according to blockchain security firm PeckShield.Source

Japan’s Top Regulator Says Crypto-ETF Approvals Need ‘Cautious Consideration:’ Report

The boss of Japan’s Financial Services Agency (FSA) has said “cautious consideration” needs to be given to the decision of approving crypto-related exchange-traded funds.Source

Metaplanet Arranges Loan to Buy $6.8M of BTC

The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.Source