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02:37

Hermetica launches BTC-backed Stable CoinUSDh on Stacks

Odaily Planet Daily News Hermetica has launched BTC-backed Stable Coin USDh on the Stacks L2 network. The team claimed that the Stable Coin utilizes Velar's Liquidity technology, Velar is a Decentralized Finance with BTC finality.

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14:33

PANews reported on February 1 that, according to CoinDesk, Crypto Assets startup Velar has completed a $3.5 million funding round and plans to build a perpetual swap exchange for BitcoinDeFi (Decentralized Finance). Velar CEO Mithil Thakore revealed that they intend to launch the first perpetual swap exchange that leverages the Bitcoin network. Velar is particularly focused on Stacks' upcoming Nakamoto Release, which is expected to introduce sBTC, a synthetic Bitcoin asset pegged to BTC, enabling holders to unlock the Decentralized Finance value of their Bitcoin holdings without giving up custody.

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Crypto Calendar

SOL Strategies will begin trading its common stock on the Nasdaq Global Select Market under the ticker symbol STKE starting September 9.

Sonic (S) will unlock 150 million Tokens on September 9 at 8:00, valued at approximately 45.68 million USD, accounting for 5.02% of the Circulating Supply.

Movement (MOVE) will unlock 50 million Tokens on September 9 at 20:00, worth approximately 5.94 million USD, accounting for 1.89% of the Circulating Supply.

Arbitrum launches a three-week Open House India online buildathon featuring workshops, panel talks, AMA sessions, pitch practice, and a build competition. The program opens on Aug 22 with a kickoff stream, followed by a panel on building globally from India and a builder speed-dating session on Discord. Across the schedule: tooling & Solidity onboarding, proxy patterns with community experts, on-chain chess in Rust via Stylus, common smart-contract security pitfalls, token design with a guest from the Ethereum Foundation, and three “friendly pitch” rounds on Aug 29, Sep 3, and Sep 5. Winners are announced on Sep 10 with a Proof-of-Build celebration.

“Facade” by Gavin Meeler Launch

SuperRare is set to feature “Facade”, a new collection by artist Gavin Meeler, starting September 10. The drop includes three unique 1/1 pieces—On the Brink, Unraveled, and The Glare—each with a reserve price of 1.5 ETH. The expressive, abstract works will be available on the on-chain art marketplace for a limited bidding period.