The Daily: Bitcoin hits new all-time high, Ripple’s RLUSD set to launch, MicroStrategy’s latest BTC acquisitions and more
2024-12-17
Category: None

I hope you had a good weekend, folks. In today's Daily, Ripple will launch its RLUSD stablecoin tomorrow, MicroStrategy acquires another $1.5 billion worth of bitcoin, Aave considers exiting Polygon amid a "risky" bridge proposal and more.
Meanwhile, bitcoin hits a new all-time high above $107,000.
Plus, FTX customers will receive distributions through Kraken and BitGo with its bankruptcy plan set to be effective on Jan. 3.
Let's get started.
Ripple set to launch RLUSD stablecoin
Ripple will launch its U.S. dollar-pegged stablecoin RLUSD on Tuesday, initially available on the XRP Ledger and Ethereum networks.
MicroStrategy acquires another $1.5 billion worth of bitcoin
Business intelligence firm and corporate bitcoin holder MicroStrategy has acquired another 15,350 BTC for $1.5 billion, raising its total holdings to 439,000 BTC worth over $46 billion.
Aave considers exiting Polygon amid 'risky' bridge proposal
Aave contributor Marc Zeller has proposed phasing out its decentralized lending services on Polygon's PoS chain due to perceived risks from Polygon's recent proposal to use over $1 billion in bridge stablecoins for yield generation.
Ethena's USDtb stablecoin, backed by BlackRock's BUIDL token, goes live
Synthetic dollar project Ethena has launched USDtb, a new stablecoin backed by BlackRock's tokenized BUIDL fund, offering a more traditional reserve-backed model compared to its experimental USDe token which is pegged to the U.S. dollar through a derivative-based trading strategy.
Hyperliquid sees over $1 billion in USDC net inflows since token launch
Decentralized trading platform Hyperliquid has seen over $1 billion in USDC net inflows and a surge in total value locked to $3.2 billion since launching its HYPE token on Nov. 29, according to blockchain analytics firm Spot On Chain.
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