Variational predicts RWA perpetuals will soon be the biggest contract class in DeFi

Variational, a peer-to-peer on-chain derivatives trading protocol, said it raised $50 million in a funding round led by global investment fund Dragonfy and with participation from Bain Capital Crypto and Coinbase Ventures, among others. The funds will be used to expand the Cayman Islands-based company’s derivatives trading services, the company said in a statement on…

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‘Seattle can’t survive this’: Critics hammer socialist mayor after Starbucks reversal

Seattle Democratic Mayor Katie Wilson’s sudden about-face on Starbucks has raised new concerns that progressive politics and anti-business rhetoric are driving jobs, investment and major employers out of deep blue cities. Wilson, who has previously urged residents to boycott the Seattle-based coffee giant, acknowledged in an interview published Sunday that her comments would “do more…

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Has the Arizona defense improved at all?

introduce As spring training begins this year, I wrote an article on how the Diamondbacks can improve their defense as they try to get back to the playoffs. This argument focuses on two changes: roster changes/upgrades and the individual progress of several young players becoming increasingly comfortable and confident in their respective positions. This is…

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MoonPay expands into tokenized assets and DeFi markets with new platform for banks

MoonPay is betting that institutions want wider access to on-chain financial products beyond simple cryptocurrency purchases. The crypto payments company said on Thursday it launched MoonPay Trade, a platform designed to connect banks, fintechs and enterprises with tokenized assets, decentralized finance (DeFi) protocols and stablecoin liquidity across more than 200 blockchains through a single integration….

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Apple cofounder Steve Wozniak got cheers, not boos, after telling students they ‘all have AI — actual intelligence’

Steve Wozniak gave the commencement address at Grand Valley State University earlier this month. He cheered after telling students they had artificial intelligence, or “real intelligence.” Students booed some other executives who supported artificial intelligence in commencement speeches. Steve Wozniak did something no other college commencement speaker could this year: win applause when talking about…

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Assessing Crypto ETPs in an Evolving Market

In today’s newsletter, Morgan Stanley Investment Management’s Sarah Cummings provides insights and considerations when evaluating cryptocurrency exchange-traded funds. Then, on Ask the Expert, Ryan Tannahill from iA Private Wealth USA answers questions about borrowing against Bitcoin assets. Evaluating Cryptocurrency ETPs in a Changing Market When evaluating exchange-traded funds (ETFs), investors often focus on factors such…

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Power outages recorded in Ukraine’s Russia-controlled Zaporizhzhia region, media say

TOKYO, May 22 (Reuters) – An emergency power outage occurred in the Russian-controlled Zaporozhye region of Ukraine on Friday, Kommersant newspaper quoted Russian-appointed governor Yevgeny Balitsky as saying. However, he said that critical infrastructure was operating normally but did not provide further details, Kommersant newspaper reported. Separately, Vladimir Saldo, the Russian-appointed head of the southern…

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