OpenEden has launched the first smart contract vault managed by a regulated financial institution to offer 24/7 access to U.S. Treasury Bills (T-Bills). Stablecoin holders can mint TBILL tokens via the OpenEden TBILL Vault to earn the U.S. risk-free rate, which yields close to 5% p.a. as of March 2023. …

Here’s why we should keep building anyway OpenEden co-founder Eugene Ng on FTX’s downfall and the future of DeFi. How bad is the FTX fallout? For context, Lehman Brothers, still the largest bankruptcy filing in U.S. history, involved more than US$600 billion in assets. Enron and Madoff’s losses were around $60 billion. By contrast, FTX defrauded $10B from a million users at a…

Charting its own path in crypto world with an eye on laying solid foundations for the long term. In the past few months, it has been reported that a number of firms will be leaving Singapore for other countries to pursue their crypto businesses. …

The UST depeg, alongside Luna’s implosion, evaporated over $50 billion of monetary value within days. To put things in perspective, on a non-adjusted inflation basis, Lehman Brother was worth around a $60 billion market capitalization. Clearly, this was one of the “black swan events” in the digital assets space. The…