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Tether Invests $100M in Agriculture Amid Rising Stablecoin Competition
Tether has invested $100M in Latin America's Adecoagro, signaling a move beyond crypto as the stablecoin market gets more competitive. Key points: $100M investment: Tether bought 9.8% of Adecoagro. Agriculture focus: Adecoagro produces milk, sugar, and ethanol in Argentina and Brazil. Stablecoin race: Tether faces rising competition from PayPal and Ripple. Ripple’s RLUSD: Ripple is......
Ether.Fi to Launch Visa ‘Cash’ Card with Crypto Collateral on Scroll Network
Ether.Fi is launching a Visa credit card allowing users to spend fiat while borrowing against their crypto assets, earning 3% cash-back. Key points: Crypto-backed Visa card: Ether.Fi introduces a Visa credit card that lets users borrow against crypto collateral. Scroll network partnership: The card will operate on Scroll’s Layer 2 network, enhancing transaction efficiency. 3%......
Friend.Tech Team Renounces Smart Contract Control After Platform Growth Stalls
Web3 social network Friend.Tech gives up control of its smart contracts after stagnant growth, signaling an end to future updates. Key points: Smart contract control revoked: The team renounced control on September 8, 2024. Early success, then stagnation: The platform initially grew fast but soon slowed down. Version 2 didn’t spark interest: A disappointing airdrop......
The fastest growing DePIN project 🔥
GM! Welcome to Milk Road PRO—your weekly dose of crypto highlights!The market may be in the gutter – but one sector is refusing to quit!That’s right, we’re talking DePIN baaaby!The sector that bridges the gap between our everyday lives and the digital world – taking things we already use each day, and allowing us to......
🥛 Will the Fed stick the soft landing? 🛬
Today's edition is brought to you by Uphold, the all-in-one platform for trading 300+ assets. Discover new tokens, use advanced tools, and secure your BTC & XRP with Vault.Start trading today and secure your crypto future!GM. This is Milk Road. The newsletter that's always there – ready with a hug – whenever your portfolio is......
Rune Christensen Defends Sky’s Freeze Function Amid Decentralization Concerns
Rune Christensen, co-founder of Sky, addresses community concerns over the possible freeze function in the $USDS stablecoin, stressing governance and compliance needs. Key points: Freeze function concerns: $USDS stablecoin may include a freeze function, sparking centralization fears. Regulatory compliance: Christensen says it's essential for managing real-world assets and legal obligations. Governance-led decisions: The community will......
CZ Banned From Managing Binance For Life: Major Shift for Crypto Exchange
Former Binance CEO Changpeng 'CZ' Zhao has permanently lost the right to manage the platform under a settlement with U.S. authorities, though he keeps his shareholder rights. Key points: Lifetime ban: CZ can no longer manage or operate Binance. Shareholder status: He remains Binance's largest shareholder. CEO Richard Teng: Confirmed CZ's limited future involvement. Plea......
Sonic SVM Plans $12.8M HyperGrid Node Sale on Solana
Sonic SVM will launch a $12.8M sale of 50,000 HyperFuse nodes to support its gaming platform on the Solana blockchain, starting the week of September 16, 2024. Key points: Node sale launch: The sale starts the week of September 16, 2024. Total value: $12.8M expected from 50,000 nodes. Purpose: To fund development and support the......
Japan’s Major Banks to Test Cross-Border Stablecoin Transfer Platform
Japan’s top three banks—MUFG, SMBC, and Mizuho—are collaborating on "Project Pax," a stablecoin platform for faster, cross-border payments using blockchain technology. Key points: MUFG, SMBC, and Mizuho: Leading Japan’s stablecoin trial. Project Pax: A stablecoin platform for cross-border settlements. Blockchain firms involved: Progmat, Datachain, and TOKI. Launch expected in 2025: Aiming to commercialize the platform......
🥛 Waddup, fat app! 🍔
Today’s edition is powered by Caleb & Brown – your 24/7 crypto VIP access. Buy, sell, swap with a personal broker at your side.Level up your crypto game today!GM. This is Milk Road. Crypto is like a mess of old charging cables — and we’re here to help you untangle it!Here’s what we got for......
