Fun

News Feed - 2023-08-10 01:08:00

Zhiyuan Sun7 hours agoMaple Finance secures SEC exemption for on-chain Treasury poolsLaunched in April, the USDC pools were previously accessible only to non-U.S. accredited investors.1277 Total views9 Total sharesListen to article 0:00NewsJoin us on social networksBlockchain institutional capital marketplace Maple Finance has secured an exemption from the United States Securities and Exchange Commission to offer its one-month U.S. Treasury yields to accredited investors in the United States.


Before the Aug. 9 announcement, the Maple Finance Treasury pools were only available to accredited investors outside the United States. Through the SEC Regulation D Rule 506(c) Exemption, a firm may offer investment products, without prior registration, to individual investors in the U.S. with a net worth exceeding $1 million, excluding the value of their primary residence, or with an annual income exceeding $200,000 per year ($300,000 if their spouse is included). A firm may also sell such investment products to accredited U.S. entities, such as banks. 


Data from Maple Finance shows that over 21 million USD Coin (USDC) has been deposited into its Treasury pool, which currently holds an annualized yield of 4.76%. No inbound or outbound fees are charged, except for an annualized management fee of 0.50% taken from the yield.


Developers wrote that “onboarding takes 15 minutes and Lenders can download monthly interest statements anytime.” The website states that withdrawals are processed within a maximum of 48 hours. Room40 Capital, an institutional crypto hedge fund founded in 2022, is currently the sole borrower from the pool.


Room40 Capital said the “proceeds will be used to purchase and hold short-dated U.S. Treasury bills and reverse repurchase agreements fully collateralized by U.S. Treasury bills only.” The firm has made 46 payments thus far since the Treasury pools launched in April, with no late payments.


Magazine: DeFi faces stress test, DoJ fears run on Binance, Hong Kong’s crypto trading# Blockchain# Cryptocurrencies# SEC# Adoption# USD CoinAdd reactionAdd reactionRelated NewsWhat is profit and loss (PnL) and how to calculate it11 ChatGPT prompts for maximum productivityBlackRock’s misguided effort to create ‘Crypto for Dummies’XRP court ruling marks milestone, but new crypto law could take yearsCrypto identity contradiction: Blockchain anonymity meets KYC regulationsCDC report underscores importance of judge’s verdict in Ripple case

News Feed

Crypto Market Outlook: VanEck Issues 10 Predictions, Including Bitcoin Nearing $200,000
Este artículo también está disponible en español. As speculation swirls around the future trajectory of Bitcoin (BTC) and the broader cryptocurrency market, asset managem
Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter?
Este artículo también está disponible en español. A crypto analyst has shared a TD Sequential chart indicating that the Bitcoin price is flashing a major buy signalin the
Bitcoin Cash Upgrade 3 Days Away – New Opcode Support, Chain Limit Extension, Sigchecks
Bitcoin Cash Upgrade 3 Days Away - New Opcode Support, Chain Limit Extension, SigchecksOn May 15, the Bitcoin Cash (BCH) blockchain will be upgraded and there will be at least three
Ana Paula Pereira14 hours agoGitHub, Hugging Face, urge EU to relax open-source AI rulesAn open letter calls for a review of the European AI Act, claiming that existing provisions would hinder open source AI development.
Here Are The Major Bitcoin Support Levels To Watch As Bulls Push For $100,000 Again
Este artículo también está disponible en español. Crypto analyst Trade PSH has revealed the major Bitcoin support levels to watch out for as BTC bulls push for a rally to
Biggest Movers: GRT, LINK Rally to Multi-Week Highs on Friday
Biggest Movers: GRT, LINK Rally to Multi-Week Highs on Friday The graph was a notable mover in Friday’s session, as the token rallied to a multi-week high. Prices rose by as
Russia Cracking Down on Crypto Miners Minting in Residential Areas
Russia Cracking Down on Crypto Miners Minting in Residential Areas Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the pop
Privacy-focused Aleo says KYC leak is copy and paste error
Amaka Nwaokocha12 hours agoPrivacy-focused Aleo says KYC leak is copy and paste errorAccording to Aleo’s statement, it has begun implementing new long-term technical controls for its KYC confirmation practices.5788 Tot
Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62%
Value Locked in Defi Swells by $7 Billion, Tron"s TVL Spikes 34.85%, Ethereum Dominates by 62% After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in d
Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin
Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin As the end of the year approaches, digital currency values have risen a great deal in 2021 and crypt
GAIMIN Gladiators Extends Team Roster Moving Into APEX Legends
GAIMIN Gladiators Extends Team Roster Moving Into APEX Legends press release PRESS RELEASE. Zug, Switzerland, 2nd September 2022:With a roster currently comprising DOTA2, Rocket Lea
Rachel Wolfson10 hours agoEnterprise blockchain: ‘Ethereum for Business’ explains key use casesPaul Brody’s “Ethereum for Business” gives a basic overview of enterprise Ethereum, while providing real-world use