🤑 Ethena’s USDe Hits $13B: YZi Labs Cheers with Crypto Champagne! 🥂

In a move that can only be described as a stroke of genius-or perhaps sheer audacity-YZi Labs (formerly known as Binance Labs, darling, keep up!) became one of the first investors in Ethena’s Season 6 Incubation Program back in February 2024. Oh, the irony! A stablecoin that doesn’t rely on banks? How positively revolutionary! Or, as Nicola Wang, Investment Director at YZi Labs, so eloquently put it: “We were impressed by Ethena’s team and their unique approach to stablecoin design – building a crypto-native model that generates yield without relying on banks.” Bravo, Nicola, bravo! 👏

PYUSD’s Grand Tour: A Stablecoin Odyssey Across Chains 🌉✨

In this grand charade, the rollout introduces PYUSD0, a permissionless doppelgänger of its native kin, already prancing about on Ethereum, Solana, Stellar, and Arbitrum. Chains like Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron now bask in the PYUSD glow, while Berachain and Flow upgrade to PYUSD0 without so much as a raised eyebrow. How convenient! 🌟

Bitcoin Staking ETP Lands in London: Valour’s Bold Leap 🤑

Behold, Valour Digital Securities, a subsidiary of the enigmatic DeFi Technologies (DEFT), has birthed its bitcoin staking exchange-traded product (ETP) upon the hallowed grounds of the London Stock Exchange. A product, mind you, that has already been frolicking on Deutsche Börse’s Xetra platform since Nov. 5, 2024, like a precocious enfant terrible of the financial world. 🌍

🤑 IG Group Snatches Aussie Crypto Exchange in $117M Power Play! 💼

According to the official tittle-tattle from IG’s drawing room, they’re snapping up a 70% stake for AUD 109.6 million, with a cheeky AUD 15 million chaser if the exchange behaves itself by 2026. 🕵️‍♂️ Apparently, this little escapade is meant to fling open the doors to the Asia-Pacific market, where IG has been itching to show off its dancing shoes. How très chic!

Crypto Chaos: Bulls, Bears, and Billionaires 🎢💰

Meanwhile, Ethereum (ETH) is having a *meltdown*, down over 1%, trading around $4,535. 💔 The poor dear tried to rally above $4,600 but was pushed down by those pesky sellers. Ripple (XRP) is also down over 1%, trading around $3.03, while Solana (SOL) is *marginally up*, trading around $245. 🌞 Dogecoin (DOGE) is down just over 1%, and Cardano (ADA) is up almost 1%, trading around $0.909. 🦮 Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) are all having their moment in the sun. ☀️