LayerZero Bridges Solana for Expanded Crypto Transfers

LayerZero Bridges Solana for Expanded Crypto Transfers

Crypto bridging protocol LayerZero is expanding to the Solana blockchain, providing a new pathway for transferring crypto assets between Ethereum and its largest competitor, starting Wednesday. This integration will allow Solana users to move their assets to Arbitrum, Ethereum, Polygon, and 70 other connected chains, and vice-versa, according to LayerZero Labs, the company behind the…

Russian Firms Embrace Crypto for China Trade

Russian Firms Embrace Crypto for China Trade

Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts are turning to stablecoins as a new method for settling deals. At least two major metals producers have begun utilizing Tether Holdings Ltd.’s stablecoin and other cryptocurrencies to settle cross-border transactions with primarily Chinese clients and suppliers. These settlements, in some cases, are…

Maple Finance Unveils Syrup Yield Platform and Token

Maple Finance Unveils Syrup Yield Platform and Token

Maple Finance, a cryptocurrency lending firm, has introduced Syrup, a new loans platform and rewards token aimed at integrating institutional-friendly yield-bearing digital assets with the decentralized finance sector. Maple’s Syrup platform offers users up to 15% yields by depositing Circle’s USDC stablecoin. Users receive LP tokens (syrupUSDC) and additional yield in the form of “Drips,”…

Bitcoin Whales Bullishly Buy Up Cryptocurrency

Bitcoin Whales Bullishly Buy Up Cryptocurrency

Bitcoin (BTC) whales, significant holders of the cryptocurrency, have reignited their purchasing activity after a brief pause following Bitcoin’s record high in March. According to market intelligence firm CryptoQuant, there has been a notable increase in the 30-day percentage change in whale address holdings, suggesting a renewed interest in accumulating Bitcoin at current price levels.…