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Cryptocurrency News Articles

Frax Finance Votes for BUIDL-Backed Stablecoin, Sui to Unlock 64 Million Tokens, and Six Israeli Investment Firms Launch Bitcoin Mutual Funds This Week

Dec 31, 2024 at 10:50 am

Several events are in the pipeline for the crypto industry this week, like Frax Finance revamping its FRAX stablecoin into a new BUIDL-backed asset

Frax Finance Votes for BUIDL-Backed Stablecoin, Sui to Unlock 64 Million Tokens, and Six Israeli Investment Firms Launch Bitcoin Mutual Funds This Week

Crypto events this week include Frax Finance voting to use BlackRock’s BUIDL token as the backing asset for its refreshed frxUSD stablecoin. The vote will conclude on December 31.

Also, Sui Network will unlock 64 million SUI tokens on January 1. The tokens will be allocated to early investors and contributors.

Moreover, six Israeli investment firms are launching bitcoin-based mutual funds this week.

Web3 SDK platform Empyreal will launch a no-code AI Agent Launchpad on December 31. The platform will allow users to customize no-code AI agents that can interact with users, utilize custom datasets, launch tokens, and manage treasuries.

Pendle will perform an airdrop on December 31. Users who stake the vePENDLE asset will be eligible for the airdrop.

Movement is set to launch its Mainnet on December 31. The platform’s beta launch earlier this month led to a spike in the price of the MOVE token.

Lastly, GammaSwap’s yield tokens are having an audit on December 31. The audit concerns GammaSwap’s Yield Tokens, which can enable users to earn 60-80% APY for Ethereum.

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Other articles published on Feb 01, 2025