Day: January 20, 2025

Seamless Protocol launches USDC Morpho Vault on Base

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Key Takeaways Seamless Protocol launched a USDC Vault on Base leveraging Morpho and Gauntlet’s technology. Participants in Seamless’s USDC Vault will receive SEAM rewards as part of the protocol’s governance-approved incentive program. Share this article Seamless Protocol launched its USDC Vault on Base, Coinbase’s Ethereum Layer 2 blockchain, utilizing Morpho’s infrastructure and Gauntlet’s risk management capabilities. The vault introduces isolated market architecture to DeFi lending, allowing for unique risk profiles and avoiding systemic risks associated with traditional pooled liquidity models. This structure enables Seamless to onboard new assets and strategies…

As Trump takes office, SEC bids farewell to outgoing Chair Gary Gensler

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Key Takeaways Gary Gensler is stepping down as SEC Chair. Under Gensler, the SEC brought 100 crypto-related enforcement actions. Share this article The SEC on Monday issued a statement bidding farewell to SEC Chair Gary Gensler, who has led the agency since April 2021. Gensler’s exit comes as Donald Trump begins his second term in office. “Although as Commissioners we approached policy issues from different perspectives, there was always dignity in our differences,” the statement read. “Chair Gensler has been committed to bipartisan engagement and a respectful exchange of ideas,…

Bitcoin drops 5% from highs as Trump avoids crypto mention during inauguration

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Key Takeaways Bitcoin fell 5% after Trump avoided any mention of crypto during his inauguration speech, disappointing market expectations. Bitcoin dominance continues to climb, delaying hopes for an altcoin season. Share this article Bitcoin dropped 5% from its all-time high after President Donald Trump avoided any mention of crypto during his inauguration speech, where he was sworn in as the 47th president of the United States. Many anticipated that Trump would address crypto in some form—whether by referencing Bitcoin, discussing the creation of the long anticipated strategic Bitcoin reserve, or…