Changpeng Zhao’s YZi Labs deepens stake in stablecoin issuer Ethena
YZi Labs has invested further into Ethena to push USDe adoption across more chains and platforms, while also assisting with the development of a new stablecoin. Tech-focused venture capital firm YZi Labs has increased its stake in Ethena, the stablecoin issuer behind USDe, which will assist the digital dollar’s adoption across decentralized and centralized platforms.
South Korea’s largest crypto exchange Upbit launches Ethereum L2
South Korean crypto exchange Upbit has announced the launch of Ethereum layer-2 Giwa on testnet — a move that could see it expand past its role as a crypto exchange. Upbit, South Korea’s largest crypto exchange by trading volume, confirmed the news at the Upbit D Conference 2025 on Monday. Giwa (short for Global Infrastructure
Putin adviser claims US using stablecoins, gold to devalue its $37T debt
An adviser to Russian President Vladimir Putin said the US is strategically using crypto and gold to devalue its debt to “urgently address the declining trust in the dollar.” “The US is now trying to rewrite the rules of the gold and cryptocurrency markets. Remember the size of their debt — $35 trillion. These two