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Finance

Zenrock Aims to Calm Users' DeFi Wobbles With Decentralized Custody Offering

Crypto custody upstart Qredo has got a new lease of life after being bought out of administration by Dan Tapiero’s 10T Holdings and 1RoundTable Partners. The company is soon to relaunch as Zenrock.

Zenrock Chairman Dan Tapiero (second from right). (Shutterstock/CoinDesk)

Finance

MetaMask Starts Rollout of Blockchain-Based Debit Card Developed With Mastercard, Baanx

The new offering will allow MetaMask users to purchase directly from their self-custodial crypto wallet.

MetaMask debit card (MetaMask)

Finance

Crypto Lending Firm Morpho Bags $50M in Funding Round Led by Ribbit Capital

The strategic funding round included a16z, Coinbase Ventures, Variant, Pantera and Brevan Howard.

Paul Frambot, CEO Morpho Labs (Morpho)

Finance

Lloyd’s of London-Backed Insurance Policies Can Now Be Paid for in Crypto on Ethereum

Cryptocurrency insurance underwriter Evertas, a Lloyd’s coverholder, has teamed up with smart contract-based insurance marketplace Nayms to offer the on-chain policies.

Inside the Lloyd's of London insurance market. (Lloyd's of London)

Finance

Circle Said to Be Trading Around $5B Valuation Ahead of Planned IPO: Sources

The issuer of stablecoin USDC was valued at as much as $9 billion when it first tried to go public in a failed SPAC deal in 2022.

Circle Chief Strategy Officer Dante Disparte (left) and CEO Jeremy Allaire (Nikhilesh De/CoinDesk)

Finance

$GREED 2.0: A New Lesson in Crypto Avarice That Might Also Enrich the People It Dupes

The first iteration of the $GREED project tricked people into tweeting an embarrassing message. This time, their money is frozen – but earning money.

GREED logo (Voshy/Medium)

Tech

Morpheus, Decentralized AI Project From Lumerin, Goes Live on Arbitrum Test Network

The premise of the technology is to avoid pitfalls of centralized AI models, which might be prone to censorship or monopoly control, according to the developer.

Artistic modification of illustration pulled from Morpheus white paper (Lumerin/Morpheus)

Markets

AgriDex Settles First Agricultural Trade on Solana Blockchain

AgriDex "settled the transactions almost instantly, charging only 0.15% to each side of the trade" while in traditional systems "fees can be several percentage points per trade."

Agriculture (Pete Linforth/Pixabay)

Markets

Cross-Chain Service DeBridge to Issue Governance Token, Completes Activity Snapshot

The cross-chain service is popularly used to transfer funds between the Ethereum, Base and Solana blockchains, among others.

(Markus Spiske/Unsplash, modified by CoinDesk)