Shen News

The European Central Bank (ECB) looks set to keep interest rates steady next week, according to a Bloomberg survey of economists.  However, most expect a quarter-point increase in September, when policymakers receive fresh quarterly forecasts. That...

Meta has completed an operational separation from Manus, cutting the agentic AI startup off from its systems and halting all data sharing as both companies work to unwind a $2 billion deal Beijing ordered reversed. The move ends a strategy Chinese...

Institutional crypto capital is concentrated across a small group of fund managers. From venture and hedge funds to ETFs and asset managers, these firms raise and deploy capital across crypto markets.  Fund Manager of the Year is an award category...

Fenbushi Capital co-founder Bo Shen publicly offered a 10-20% reward to anyone who helps recover approximately $42 million in crypto stolen from his personal wallet in November 2022. The announcement on March 26 reopens one of crypto’s largest...

BitcoinWorld Crypto Bounty Recovery: Fenbushi Founder’s Determined 20% Offer to Reclaim $42 Million Stolen Assets In a determined move highlighting the evolving battle against cryptocurrency theft, Shen Bo, the prominent co-founder of Fenbushi...

Asia has surpassed North America as the leading hub for crypto developers, according to a report from Electric Capital. Maria Shen, partner at Electric Capital, pointed out that Asia has steadily increased its share of global crypto developers,...

Djed didn’t lose its USD peg during the recent turmoil in the stablecoin market, Djed’s TVL saw gains of 17% since the USDC depegging saga, Cardano’s [ADA] stablecoin Djed, which launched earlier this year, may soon expand to other layer-1 networks...

Djed became Cardano’s fourth-biggest project.  The development team was working towards an increase in adoption with the option to borrow and use the stablecoin as collateral. Cardano’s [ADA] stablecoin Djed which launched on 31 January, has...

Cardano’s overcollateralized stablecoin DJED launched on the mainnet on 31 January.  Increased DJED minting led to a jump in on-chain activity for ADA. Following several months of development, Cardano’s [ADA] native over-collateralized stablecoin...

The total value of assets locked (TVL) on Cardano-based overcollateralized stablecoin Djed crossed $10 million during the first 24 hours of its launch, according to DeFillama data. The post Cardano stablecoin Djed TVL hits $10M in 24 hours, ADA up...