MetaMask launches Money Account it says offers up to 4% variable APY on mUSD stablecoin balances and card spending, with DeFi-powered yield via vaults, excluding the UK and sanctioned jurisdictions. Update, June 30, 6:13 pm UTC: This article has been updated to correct the availability of MetaMask Money Account. Consensys said the Money Account is unavailable in the United Kingdom and sanctioned jurisdictions, not the European Union. MetaMask, a self-custodial wallet developed by Consensys, is launching a new product that it says lets users earn yield on its MetaMask USD (mUSD) stablecoin and spend it via a card exclusively on the Monad blockchain. The company on Tuesday announced the launch of Money Account, a product it says offers up to 4% variable annual percentage yield (APY) on eligible stablecoin deposits in supported jurisdictions. Read more
OKX launched a beta marketplace for the agentic economy, enabling AI agents to autonomously find work and collaborate with other agents. Cryptocurrency exchange OKX has rolled out the beta launch of its marketplace for artificial intelligence (AI) agents. The OKX AI platform enables users to list their own AI agents, enables AI agents to find work, transact autonomously and build an onchain reputation, according to a Tuesday announcement shared with Cointelegraph. The platform connects two marketplaces: An agent marketplace where builders can earn income by listing their AI agents for services and a task marketplace where agents post work and find other agents for their tasks. Read more
Strategy’s new Bitcoin capital framework draws Wall Street backing from Benchmark with a $570 per share target even as traders question long-term demand risk. Michael Saylor’s Strategy won support from some Wall Street analysts after unveiling a new capital framework, but the changes also sparked debate over the company’s long-term Bitcoin strategy and sustainability. Benchmark Equity Research on Monday reiterated its Buy rating on Strategy’s Class A stock MSTR and maintained a 12-month price target of $570, according to a report reviewed by Cointelegraph. Strategy's common Class A stock, MSTR, rose 12.6% to about $92.70 on Monday, while its STRC preferred shares climbed 12.2% to around $83.70, according to TradingView and Yahoo Finance. Read more
The onchain capital markets platform allocated $20 million to Fidelity International's tokenized liquidity fund as tokenized Treasury products continue to attract institutional capital. Theo, an onchain capital markets platform, has invested $20 million in Fidelity International's USD Digital Liquidity Fund (FILQ). Theo said the investment makes it the first crypto-native platform to allocate capital to the asset manager's tokenized fund. Executed through Sygnum, a Swiss digital asset bank that provides regulated banking, custody and tokenization services for institutional clients, the allocation adds FILQ to Theo's institutional tokenized Treasury product, thBILL. FILQ is a Moody's Aaa-mf-rated tokenized US dollar liquidity fund built on Sygnum's Desygnate platform that invests in diversified short-term money market instruments designed to preserve capital and liquidity. Chainlink provides onchain net asset value and distribution data for the fund through its Runtime Environment, while JPMorgan receives and ...
The record Bitcoin supply held by long-term holders may suggest that the crypto market bottom will come early, according to Swan’s Cory Klippsten. The Bitcoin holding level of long-term investors has reached a record high of 14.7 million Bitcoin, which could suggest that the crypto market bottom will come early, according to Cory Klippsten, CEO of Swan Bitcoin. “We're at an all-time high of BTC held in addresses of long-term holders,” Klippsten told Cointelegraph in an interview, which he said has “marked cycle lows historically.” Bitcoin (BTC) supply held by long-term holders reached 14.7 million BTC on Wednesday, an all-time high that “signals continued conviction” among seasoned investors, according to crypto analytics platform Glassnode. Read more