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MetaMask has launched its native stablecoin mUSD

2 hours ago

On August 21st, according to The Block, MetaMask has officially launched its native stablecoin, MetaMask USD (mUSD). MetaMask stated on Thursday that mUSD will be issued by Bridge, which is a stablecoin issuance platform owned by Stripe, and will be minted through M0's decentralized infrastructure. In addition, mUSD will be fully backed 1:1 by a "high-quality, highly liquid asset equivalent to the US dollar" and will achieve real-time transparency and cross-chain composability through M0's liquidity network.

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Analysis: OKB's on-chain price surge is attributed to low liquidity, strong hodling, and lack of cross-chain support

August 21st. The on-chain analyst Ai Auntie (@ai_9684xtpa) tweeted that the on-chain price of OKB reached a peak of $342. The on-chain liquidity of OKB on the Ethereum mainnet was merely $253,000. Either the official team burned a large portion of the tokens or migrated them to the X Layer. Moreover, there is no cross-chain support between the two networks. As a result, 6 addresses purchased 138.44 OKB between 20:46 and 21:08, successfully driving up the price. Currently, there are a total of 856,000 OKB tokens on the Ethereum mainnet, which accounts for 4% of the total supply. The top 5 holding addresses own 68% of the tokens, and the top 4 addresses belong to the OKEx exchange platform.

4 minutes ago

Raydium: Over $13 Million in $RAY Rewards Distributed Since LaunchLab and LetsBonk Launch

On August 21st, Raydium tweeted that since the commencement of LaunchLab and LetsBonk, Raydium has allocated more than $13 million (approximately 4.1 million RAY) in rewards to traders and creators.

4 minutes ago

BlackRock deposited 1885 BTC and 59606 ETH to Coinbase Prime 4 hours ago

On August 21st, based on LookOnChain's monitoring, BlackRock transferred 1,885 BTC (approximately $111.66 million) and 59,606 ETH (approximately $254.43 million) to Coinbase Prime four hours ago.

4 minutes ago

USV transferred $31.09M worth of UNI to Coinbase Prime 15 minutes ago

On August 21, as monitored by on-chain analyst Emberian, 15 minutes ago, USV transferred 2.981 million UNI ($31.09 million) to Coinbase Prime once again. Additionally, they hold 6.694 million UNI ($69.82 million).

4 minutes ago

OKB experiences a short-term drop of over 10%, with OKX stating earlier that OKB has recently seen significant volatility and advising rational investment.

On August 21st, based on market data, OKB witnessed a short-term decline of more than 10% and is currently trading at $213. Previous reports showed that OKEx tweeted, saying, "OKB has witnessed significant volatility recently. Please stay calm and rational, avoid blindly chasing prices. Consider controlling your position size, manage your funds properly, prioritize risk management, and operate prudently."

4 minutes ago

Loop Crypto has completed a strategic funding round, with VanEck and Fabric Ventures co-leading the investment.

On August 21st, the stablecoin payment processor Loop Crypto announced the completion of a strategic funding round. VanEck and Fabric Ventures jointly led this round. The specific amount has not been made public yet. However, the company only indicated that the total funding up to now has reached $6 million. The new funds are planned to be used to support the development of features like collecting subscription fees using stablecoins.

4 minutes ago

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