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Produced by Daniel Aharonoff & Mogul Media AI

PYUSD Loans and Tokenized Assets: A New Era in DeFi

Unleashing Potential: PYUSD Loans and Tokenized Real World Assets In a groundbreaking development within the decentralized finance (DeFi) sector, a Swiss-based platform, Backed, has emerged as a pivotal player by powering PYUSD loans through tokenized Treasury Bill ETFs. This innovative approach not only enhances the utility of PYUSD but also provides new avenues for users to earn yield on their deposits, thus reshaping the landscape of stablecoins and lending markets. The Mechanics of PYUSD Loans Depository Functionality : Users can deposit PYUSD, a regulated USD stablecoin issued by Paxos for PayPal, into a Morpho Blue vault. This vault supports two types of collateral: Backed's tokenized Treasury Bill ETFs Lido’s wstETH Yield Generation : Depositors of PYUSD earn yield by lending to borrowers who take out loans. This dual engine mechanism—an innovative blend of real-world yields and crypto rewards—optimizes returns across varying market conditions. Tokenized Rea
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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin and Ethereum Surge, Bitcoin SV Tops Gainers, GMX Faces Biggest Loss

Bitcoin and Ethereum Surge, Bitcoin SV Tops Gainers, GMX Faces Biggest Loss

Bitcoin (BTC) and Ethereum (ETH) continued their upward momentum on Monday, with both cryptocurrencies trading at higher levels. BTC surpassed the $28,000 mark, while ETH rose above $1,700. Meanwhile, Bitcoin SV (BSV) emerged as the top gainer in the past 24 hours, while GMX experienced the biggest loss. The global crypto market cap increased to $1.12 trillion, recording a 2.8% gain in the last 24 hours. BTC traded higher by 4.2% at $28,338, while ETH rose by around 2.5% to $1,730. Let's take a closer look at the top ten crypto gainers and losers during this period.

Top Gainers:

  1. Bitcoin SV (BSV): Bitcoin SV emerged as the top gainer, showing a significant increase in value over the past 24 hours. The exact percentage gain is not mentioned in the prompt, but it is worth noting that BSV has performed well during this period.

Top Losers:

  1. GMX: GMX turned out to be the biggest loser in the last 24 hours. Unfortunately, the prompt does not provide specific details about the percentage loss experienced by GMX.

It is important to mention that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should carefully consider their risk tolerance and do thorough research before making any investment decisions.

In conclusion, Bitcoin and Ethereum witnessed positive price movements, with BTC surpassing $28,000 and ETH rising above $1,700. Bitcoin SV performed well as the top gainer, while GMX faced the biggest loss. The global crypto market cap also saw an increase, reaching $1.12 trillion. As the crypto market continues to evolve, it is crucial for investors to stay informed and make informed decisions based on their individual investment strategies.

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