Investors in BlackRock iShares Bitcoin Trust pulled out a record $420 million from the fund in a day as Bitcoin sunk to yearly lows. BlackRock’s spot Bitcoin ETF (IBIT) shed 5,000 BTC on Feb. 26, its largest outflow to date, eclipsing the $332 million it lost on Jan. 2. The massive outflow follows a record…

Gearbox Protocol, the “credit layer” for DeFi, aims to emulate the mass adoption success of credit cards by introducing wallet-native, real-world credit to the DeFi ecosystem. The decentralized finance (DeFi) space has seen steady growth over the past few years, yet it remains a niche within the larger cryptocurrency landscape. While onchain newcomers often enter…

Brian Moynihan, the CEO of Bank of America, recently told an audience at the Economic Club of Washington DC that the commercial bank will likely launch a stablecoin if comprehensive legislation is passed in the United States. According to Fortune, the CEO told an audience at the Economic Club of Washington DC, “If they make that…