May 19, 2024
Funds

Karak says its $7m post-Terra funds aren’t a ‘scam or rug-pull.’ Others aren’t so sure – DL News

The Terra Classic community has accused Karak of appropriating $7 million. Karak says it took the funds, and doesn’t recognise the Terra Classic community. Code changes, a deleted governance proposal, and spam transactions during the time the funds were taken raise questions. DeFi protocol Karak, the latest entrant to crypto’s buzzy restaking sector, is already

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Crypto

Stablecoins are boosting demand for U.S. Treasury notes

Among all cryptocurrencies, stablecoins have always faced the most scrutiny from financial regulators. However, they also have supporters who speak about their benefits to the financial world. Recently, the CEO of Cantor Fitzgerald, the custodian of stablecoin Tether, discussed the potential benefits of stablecoins and the future of asset tokenization in the U.S. economy. Dow

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