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MakerDAO goes ahead with $500M investment in treasuries and bonds

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$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield.

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Coin Market

How Mastercard plans to settle card payments with stablecoins

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Mastercard is testing stablecoin settlement with SoFiUSD to speed up card transaction clearing and help bridge traditional finance and blockchain.

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Coin Market

LayerZero says Kelp setup caused exploit, as Aave loss questions mount

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LayerZero said that Kelp’s DVN setup caused the $290 million exploit, as investors questioned which protocol would step up to cover the shortfall.

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Crypto fund inflows hit $1.4B in second-strongest week since January

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Crypto investment products recorded $1.4 billion in inflows last week as Bitcoin almost touched $78,000, with assets under management rising to $154.8 billion.

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