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Tags: defi

Circle’s USDC Stablecoin to Launch on the Sui Network

Circle, the issuer of the widely-used USDC stablecoin, has announced that it will be expanding USDC’s reach to the Sui blockchain through its Cross-Chain Transfer Protocol (CCTP). This integration is a significant development for the Sui network, a relatively new blockchain that has been gaining traction in the decentralized finance (DeFi) space.

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Thorchain's Major Upgrade: What the Hard Fork Means for the RUNE Token

On September 4, 2024, Thorchain completed a significant hard fork, marking a major milestone for the decentralized liquidity network. This upgrade focused on improving the overall performance of Thorchain’s cross-chain exchange capabilities, with particular attention to supporting Bitcoin Taproot addresses, a crucial enhancement for enabling seamless Bitcoin transactions.

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MicroStrategy’s $700 Million Convertible Senior Notes Offering: A Detailed Breakdown

MicroStrategy, known for its aggressive Bitcoin acquisition strategy, announced plans to raise $700 million through a convertible senior notes offering. This step marks another bold effort by the company to secure funds, which many anticipate will be used to further expand its Bitcoin holdings. This issuance will allow MicroStrategy to tap into institutional investors seeking exposure to Bitcoin through a traditional financial instrument.

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Flare Network Launches FTSOv2: A Major Leap in Scalability and Security

The most prominent improvement in FTSOv2 is its capacity to support up to 1,000 feeds from various asset classes, a significant jump from the previous version. This enhancement is critical for developers, as it allows them to access a broader range of data streams, making their dApps more dynamic and adaptable. The increased number of feeds covers a wide array of asset classes such as cryptocurrencies, commodities, and even stock market data, offering developers far more flexibility.

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