Bitcoin exchange-traded funds (ETFs) faced a $333 million setback as ether ETFs posted their largest single-day exit on record with $465 million in outflows, signaling a sharp shift in investor sentiment. Combined, the crypto ETF market lost nearly $800 million in one trading session. Crypto ETF Sell-Off: Bitcoin and Ether Funds Post $798 Million Combined
BitcoinWorld Solana Investment: BIT Mining’s Bold Leap into a New Era New York Stock Exchange-listed firm BIT Mining Limited (BTCM) just made a significant Solana investment , marking a pivotal moment in their business trajectory. The crypto mining company announced the acquisition of 27,191 Solana (SOL) for a substantial $4.89 million. This move is more than just a purchase; it signifies a strategic pivot for the firm, including the launch of its first self-operated SOL validator launch and ambitious plans to raise up to $300 million to fuel this new direction. Why This Bold Solana Investment? BIT Mining’s decision to dive deep into the Solana ecosystem is a clear signal of its evolving crypto mining strategy . Traditionally focused on Bitcoin mining, the firm is now diversifying its portfolio and revenue streams. This Solana investment allows them to tap into a rapidly growing blockchain known for its high transaction speed and low costs. What drives this shift? Several factors make Solana an attractive prospect: Scalability: Solana can handle thousands of transactions per second, making it highly efficient. Low Fees: Transaction costs on Solana are notably lower compared to other major blockchains. Developer Activity: A vibrant and growing ecosystem of decentralized applications (dApps) and projects. This strategic move by BIT Mining Solana aims to leverage these advantages, positioning the company for future growth in the broader blockchain space. Understanding the SOL Validator Launch A crucial part of BIT Mining’s new strategy involves the SOL validator launch . But what exactly is a validator on the Solana blockchain ? In simple terms, a validator is a computer node that participates in the network’s consensus mechanism. Validators are responsible for: Processing and verifying transactions. Maintaining the integrity and security of the blockchain. Earning rewards for their contributions to the network. By operating its own validator, BIT Mining gains direct involvement in the Solana network’s operations. This not only provides a new source of revenue through staking rewards but also deepens their expertise and commitment to the Solana blockchain ecosystem. It’s a smart way to generate returns while actively supporting the network’s health. BIT Mining’s Ambitious Solana Vision: What’s Next? The acquisition of SOL and the SOL validator launch are just the initial steps in BIT Mining’s grand plan. The company has announced intentions to raise up to $300 million to further support its Solana investment strategy. This substantial capital injection indicates a long-term commitment and a belief in Solana’s potential. What could this massive funding enable? The possibilities are exciting: Further SOL Acquisitions: Expanding their holdings of Solana to increase their staking power. Validator Expansion: Launching more validators to enhance network participation and revenue. Ecosystem Development: Potentially investing in or collaborating with other projects building on the Solana blockchain . Diversification within Solana: Exploring opportunities in DeFi, NFTs, or other areas within the Solana ecosystem. This aggressive fundraising plan underscores the scale of BIT Mining’s ambition and its conviction that Solana will play a significant role in the future of decentralized finance and web3. The Impact of This Crypto Mining Strategy Shift BIT Mining’s bold pivot could have ripple effects across the industry. This significant Solana investment demonstrates a willingness by established crypto mining firms to innovate and adapt. It challenges the traditional view that mining companies must solely focus on Proof-of-Work assets like Bitcoin. This evolving crypto mining strategy highlights a trend towards: Diversification: Spreading risk and exploring new revenue streams beyond singular assets. Ecosystem Integration: Becoming active participants in blockchain networks through validation and staking. Strategic Partnerships: Potentially forging alliances within specific blockchain communities. For the Solana blockchain , this move brings increased institutional participation and capital, further strengthening its network and market position. It is a win-win scenario, showcasing the growing maturity of the crypto market. Conclusion: A New Horizon for BIT Mining Solana BIT Mining Limited’s recent actions signal a transformative period for the company. Their substantial Solana investment , coupled with the strategic SOL validator launch and ambitious fundraising plans, positions them as a key player in the Solana ecosystem. This bold shift in their crypto mining strategy not only diversifies their business but also demonstrates a forward-thinking approach to navigating the dynamic world of digital assets. As the Solana blockchain continues to grow, BIT Mining is clearly aiming to be at the forefront of its development. Frequently Asked Questions (FAQs) What is BIT Mining Limited? BIT Mining Limited (BTCM) is a publicly traded cryptocurrency mining company listed on the New York Stock Exchange, primarily known for its Bitcoin mining operations. Why is BIT Mining investing in Solana? BIT Mining is investing in Solana to diversify its revenue streams, capitalize on Solana’s high scalability and low transaction fees, and expand its presence into a rapidly growing blockchain ecosystem. What is a Solana validator? A Solana validator is a network participant that verifies transactions and maintains the security of the Solana blockchain. By operating a validator, BIT Mining can earn staking rewards and actively contribute to the network’s health. How much SOL did BIT Mining acquire? BIT Mining Limited acquired 27,191 Solana (SOL) tokens for approximately $4.89 million as part of its strategic pivot. What are BIT Mining’s future plans for Solana? BIT Mining plans to raise up to $300 million to further support its Solana strategy, which may include acquiring more SOL, expanding its validator operations, and exploring other opportunities within the Solana ecosystem. If you found this article insightful, consider sharing it with your network! Help us spread the word about significant developments in the crypto space by sharing on X (Twitter), Facebook, or LinkedIn. To learn more about the latest crypto market trends, explore our article on key developments shaping Solana institutional adoption. This post Solana Investment: BIT Mining’s Bold Leap into a New Era first appeared on BitcoinWorld and is written by Editorial Team
Developments surrounding the case against the SEC, the advancement of RLUSD, and enhanced XRP price volatility – check out some of the latest news associated with Ripple and its native cryptocurrency. The Ripple/SEC Case Remains Ongoing The legal tussle between Ripple and the US Securities and Exchange Commission (SEC), which started in December 2020, still awaits its official conclusion . Back then, the regulator accused the company of breaching certain laws when selling XRP tokens and initially demanded a fine of $2 billion. The case underwent numerous developments over the following years, with Judge Analisa Torres ruling in 2023 that Ripple’s sales on secondary markets did not constitute securities offerings, followed by a $125 million penalty. Moreover, both parties later shook hands on an even smaller fine of $50 million. However, the Commission’s appeal on the 2023 ruling remains pending, and it is required to submit a status update on the matter by August 15 . Just recently , the American lawyer Bill Morgan wondered whether the SEC’s Chairman Paul Atkins could influence the commissioners to vote to dismiss the content. Marc Fagel, a former regional director of the SEC for the San Francisco office, said the members have already done so before the arrival of the new Chair. “So it seems pretty obvious where this is going. They just have to get through the standard internal approval process,” he added. RLUSD’s Advancement Ripple’s stablecoin, named RLUSD, officially saw the light of day in December last year. It is pegged 1:1 to the American dollar and is designed to facilitate instant settlement of cross-border payments, among other purposes. The product has caught the eye of some well-known financial players in the last few months. The oldest US bank, BNY Mellon, agreed to serve as a custodian for RLUSD, whereas the Swiss AMINA Bank recently became the first banking institution to support the product directly. “At AMINA Bank, we are committed to integrating cutting-edge products so that our clients may best navigate and adopt digital assets in their day-to-day activities. We are proud to be the first bank to support RLUSD and to provide our clients with access to one of the most anticipated digital assets in the market. Ripple’s commitment to transparency and compliance make them ideal collaborators as we continue our mission to expand institutional-grade digital asset services,” the entity’s CPO said. Meanwhile, RLUSD’s market capitalization continues to grow, currently standing at over $600 million. XRP Price Outlook The cryptocurrency market has experienced a substantial correction over the last several days, and Ripple’s cross-border token was no exception. Its price briefly plummeted to $2.75 over the weekend but later recovered above $3. Some factors suggest that XRP could witness another pullback in the short term . Examples are the recent selling from whales and the formation of a so-called “death cross” on the MVRV ratio. Multiple analysts , though, believe the valuation could head north soon. X user CRYPTOWZRD expects to see more positive price action in the following days, “which will help XRP become strongly bullish and rally towards the $3.65 resistance target.” Crypto Rand, who admitted not being an XRP fan, claimed the asset looks ready to explode. The post Ripple (XRP) News Today August 5th appeared first on CryptoPotato .
Hamilton, Bermuda, August 5th, 2025, Chainwire OnRe's yield-bearing asset, ONyc, is now accepted as collateral within Solana's decentralized finance (DeFi) ecosystem. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce borrowing costs, enhance yield opportunities, and support the use of real-world collateral onchain. Onchain Yield Coin (ONyc), a yield-bearing, stablecoin-backed asset issued by OnRe , is now live on Kamino, Solana’s largest DeFi money market. This integration marks the first time reinsurance-backed yield is being used as onchain collateral in Solana DeFi, opening access to real-world risk through a composable, liquid, and resilient asset. A New Form of Yield in DeFi Kamino secures over $700M in stablecoin TVL and underpins liquidity and capital strategies across the Solana ecosystem. With ONyc now live on Kamino, users can: Leverage ONyc as collateral for borrowing, lending, or looping strategies Earn ~14%+ base yield uncorrelated to crypto volatility Enter or exit positions 24/7 with onchain liquidity Track NAV in real time through verifiable pricing data Together, these capabilities make ONyc a powerful tool for capital deployment across market conditions. By enabling lending, borrowing, and looping in a fully composable way, ONyc brings real-world yield into active use across Solana’s DeFi ecosystem. The integration is powered by Chainlink’s Onchain NAV solution, which sources ONyc’s net asset value from OnRe and delivers it in real time via Chainlink Data Streams . This ensures tamper-resistant pricing and enables secure collateralization, supporting reinsurance-backed strategies with verifiable, onchain fund valuations. “ONyc’s launch on Kamino marks a broader shift in DeFi, bringing real-world yield to Solana with the transparency, liquidity, and composability the ecosystem was built for,” said Dan Roberts, Co-Founder and CEO of OnRe. “It introduces a new class of collateral designed to perform through market cycles and support sustained DeFi activity. Solana has become a hub for capital innovation, and Kamino continues to set the standard for how real-world assets should operate onchain.” Incentives Designed for Early Participation To encourage early adoption, OnRe is launching incentive programs in collaboration with Kamino, Global Dollar Network, and Ethena: Borrowing Incentives A $200K rewards pool is available to lower borrowing costs for users who deposit ONyc as collateral to borrow USDG on Kamino. This reduces costs and creates room for more favorable yield spreads. “This marks one of the first fully permissionless implementations of real-world yield distributed directly onchain through DeFi,” said Nick Robnett at Paxos, on behalf of Global Dollar Network. “We are proud to support ONyc’s launch on Solana and Kamino, leveraging USDG to advance OnRe’s vision of bringing real-world assets with intrinsic value onchain and making them accessible to a global user base.” Looping Strategies Participants can also redeploy borrowed USDG to acquire additional ONyc or other assets, increasing exposure and unlocking higher returns. Incentives apply on up to $20M in total borrowing volume. Ethena Points Multiplier In addition, OnRe is offering a 5x Ethena Points multiplier to ONyc holders on qualifying sUSDe deposits, unlocking additional rewards for those providing real-world yield collateral. Integration of Real-World Yield Mechanisms in DeFi ONyc integrates premium-backed yield from real-world assets with decentralized finance (DeFi) infrastructure, enabling an onchain structure designed to support scalability and diversification beyond traditional financial instruments. “One of the most exciting things for Kamino’s users is onboarding high quality collateral assets, and ONyc is a great example of that. Access to credit and leverage for ONyc holders, powered by Kamino, is a great example of bringing DeFi utility to tokenize real-world investments,” said Mark Hull, a Kamino contributor. With base yields above 14% and expanding utility across Solana, ONyc gives users a high-performing alternative to traditional DeFi strategies. Mint directly on the OnRe app or swap instantly using Kamino Swap in the OnRe Market . About Kamino Kamino Finance is the largest money market on Solana, with over $4B in assets deployed across its suite of credit, leverage, and liquidity products. Through products like automated liquidity vaults, the K-Lend lending market, and tools for advanced trading strategies, Kamino helps users and institutions deploy capital efficiently. Kamino is the go-to platform for funds, market makers, and stablecoin issuers operating at scale on Solana. About Global Dollar Network Global Dollar Network is the world's fastest growing stablecoin network with unmatched economic upside. Powered by Global Dollar (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, Global Dollar Network offers a transparent and equitable economic model that rewards partners for their contributions. Global Dollar Network partners include industry leaders such as Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay, and more. Note: USDG is available on Solana, Ink, and Ethereum. About Chainlink Chainlink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy, powering critical use cases across DeFi, banking, tokenized real-world assets (RWAs), cross-chain, and more. Users can learn more by visiting chain.link . About OnRe OnRe bridges the reliability of the $750B global reinsurance market with the transformative power of blockchain. Licensed to deploy digital assets as insurance collateral, OnRe provides a new class of investors with direct access to consistent real-world yield through structured products designed to perform across market cycles. With a focus on transparency, scalability, and capital efficiency, OnRe is transforming how capital is deployed, bringing opportunity to a system that has historically been out of reach. Disclaimer: This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities or digital assets. ONyc may be accessible via decentralised protocols such as Kamino, but OnRe does not operate or control any secondary market for the token. Secondary trading occurs independently of OnRe. Capital is at risk. Redemption with OnRe is only available to qualified investors. Access may be restricted in certain jurisdictions. ContactHead of OperationsSarah GeorgeOnResarah@onre.finance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Hamilton, Bermuda, August 5th, 2025, Chainwire OnRe's yield-bearing asset, ONyc, is now accepted as collateral within Solana's decentralized finance (DeFi) ecosystem. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce borrowing costs, enhance yield opportunities, and support the use of real-world collateral onchain. Onchain Yield Coin (ONyc), a yield-bearing, stablecoin-backed asset issued by OnRe , is now live on Kamino, Solana’s largest DeFi money market. This integration marks the first time reinsurance-backed yield is being used as onchain collateral in Solana DeFi, opening access to real-world risk through a composable, liquid, and resilient asset. A New Form of Yield in DeFi Kamino secures over $700M in stablecoin TVL and underpins liquidity and capital strategies across the Solana ecosystem. With ONyc now live on Kamino, users can: Leverage ONyc as collateral for borrowing, lending, or looping strategies Earn ~14%+ base yield uncorrelated to crypto volatility Enter or exit positions 24/7 with onchain liquidity Track NAV in real time through verifiable pricing data Together, these capabilities make ONyc a powerful tool for capital deployment across market conditions. By enabling lending, borrowing, and looping in a fully composable way, ONyc brings real-world yield into active use across Solana’s DeFi ecosystem. The integration is powered by Chainlink’s Onchain NAV solution, which sources ONyc’s net asset value from OnRe and delivers it in real time via Chainlink Data Streams . This ensures tamper-resistant pricing and enables secure collateralization, supporting reinsurance-backed strategies with verifiable, onchain fund valuations. “ONyc’s launch on Kamino marks a broader shift in DeFi, bringing real-world yield to Solana with the transparency, liquidity, and composability the ecosystem was built for,” said Dan Roberts, Co-Founder and CEO of OnRe. “It introduces a new class of collateral designed to perform through market cycles and support sustained DeFi activity. Solana has become a hub for capital innovation, and Kamino continues to set the standard for how real-world assets should operate onchain.” Incentives Designed for Early Participation To encourage early adoption, OnRe is launching incentive programs in collaboration with Kamino, Global Dollar Network, and Ethena: Borrowing Incentives A $200K rewards pool is available to lower borrowing costs for users who deposit ONyc as collateral to borrow USDG on Kamino. This reduces costs and creates room for more favorable yield spreads. “This marks one of the first fully permissionless implementations of real-world yield distributed directly onchain through DeFi,” said Nick Robnett at Paxos, on behalf of Global Dollar Network. “We are proud to support ONyc’s launch on Solana and Kamino, leveraging USDG to advance OnRe’s vision of bringing real-world assets with intrinsic value onchain and making them accessible to a global user base.” Looping Strategies Participants can also redeploy borrowed USDG to acquire additional ONyc or other assets, increasing exposure and unlocking higher returns. Incentives apply on up to $20M in total borrowing volume. Ethena Points Multiplier In addition, OnRe is offering a 5x Ethena Points multiplier to ONyc holders on qualifying sUSDe deposits, unlocking additional rewards for those providing real-world yield collateral. Integration of Real-World Yield Mechanisms in DeFi ONyc integrates premium-backed yield from real-world assets with decentralized finance (DeFi) infrastructure, enabling an onchain structure designed to support scalability and diversification beyond traditional financial instruments. “One of the most exciting things for Kamino’s users is onboarding high quality collateral assets, and ONyc is a great example of that. Access to credit and leverage for ONyc holders, powered by Kamino, is a great example of bringing DeFi utility to tokenize real-world investments,” said Mark Hull, a Kamino contributor. With base yields above 14% and expanding utility across Solana, ONyc gives users a high-performing alternative to traditional DeFi strategies. Mint directly on the OnRe app or swap instantly using Kamino Swap in the OnRe Market . About Kamino Kamino Finance is the largest money market on Solana, with over $4B in assets deployed across its suite of credit, leverage, and liquidity products. Through products like automated liquidity vaults, the K-Lend lending market, and tools for advanced trading strategies, Kamino helps users and institutions deploy capital efficiently. Kamino is the go-to platform for funds, market makers, and stablecoin issuers operating at scale on Solana. About Global Dollar Network Global Dollar Network is the world's fastest growing stablecoin network with unmatched economic upside. Powered by Global Dollar (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, Global Dollar Network offers a transparent and equitable economic model that rewards partners for their contributions. Global Dollar Network partners include industry leaders such as Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay, and more. Note: USDG is available on Solana, Ink, and Ethereum. About Chainlink Chainlink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy, powering critical use cases across DeFi, banking, tokenized real-world assets (RWAs), cross-chain, and more. Users can learn more by visiting chain.link . About OnRe OnRe bridges the reliability of the $750B global reinsurance market with the transformative power of blockchain. Licensed to deploy digital assets as insurance collateral, OnRe provides a new class of investors with direct access to consistent real-world yield through structured products designed to perform across market cycles. With a focus on transparency, scalability, and capital efficiency, OnRe is transforming how capital is deployed, bringing opportunity to a system that has historically been out of reach. Disclaimer: This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities or digital assets. ONyc may be accessible via decentralised protocols such as Kamino, but OnRe does not operate or control any secondary market for the token. Secondary trading occurs independently of OnRe. Capital is at risk. Redemption with OnRe is only available to qualified investors. Access may be restricted in certain jurisdictions. ContactHead of OperationsSarah GeorgeOnResarah@onre.finance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
August 5th, 2025 – Hamilton, Bermuda OnRe’s yield-bearing asset, ONyc, is now accepted as collateral within Solana’s decentralized finance (DeFi) ecosystem. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce borrowing costs, enhance yield opportunities, and support the use of real-world collateral onchain. Onchain Yield Coin (ONyc), a yield-bearing, stablecoin-backed asset issued by OnRe , is now live on Kamino, Solana’s largest DeFi money market. This integration marks the first time reinsurance-backed yield is being used as onchain collateral in Solana DeFi, opening access to real-world risk through a composable, liquid, and resilient asset. A New Form of Yield in DeFi Kamino secures over $700M in stablecoin TVL and underpins liquidity and capital strategies across the Solana ecosystem. With ONyc now live on Kamino, users can: Leverage ONyc as collateral for borrowing, lending, or looping strategies Earn ~14%+ base yield uncorrelated to crypto volatility Enter or exit positions 24/7 with onchain liquidity Track NAV in real time through verifiable pricing data Together, these capabilities make ONyc a powerful tool for capital deployment across market conditions. By enabling lending, borrowing, and looping in a fully composable way, ONyc brings real-world yield into active use across Solana’s DeFi ecosystem. The integration is powered by Chainlink’s Onchain NAV solution, which sources ONyc’s net asset value from OnRe and delivers it in real time via Chainlink Data Streams . This ensures tamper-resistant pricing and enables secure collateralization, supporting reinsurance-backed strategies with verifiable, onchain fund valuations. “ONyc’s launch on Kamino marks a broader shift in DeFi, bringing real-world yield to Solana with the transparency, liquidity, and composability the ecosystem was built for,” said Dan Roberts, Co-Founder and CEO of OnRe. “It introduces a new class of collateral designed to perform through market cycles and support sustained DeFi activity. Solana has become a hub for capital innovation, and Kamino continues to set the standard for how real-world assets should operate onchain.” Incentives Designed for Early Participation To encourage early adoption, OnRe is launching incentive programs in collaboration with Kamino, Global Dollar Network, and Ethena: Borrowing Incentives A $200K rewards pool is available to lower borrowing costs for users who deposit ONyc as collateral to borrow USDG on Kamino. This reduces costs and creates room for more favorable yield spreads. “This marks one of the first fully permissionless implementations of real-world yield distributed directly onchain through DeFi,” said Nick Robnett at Paxos, on behalf of Global Dollar Network. “We are proud to support ONyc’s launch on Solana and Kamino, leveraging USDG to advance OnRe’s vision of bringing real-world assets with intrinsic value onchain and making them accessible to a global user base.” Looping Strategies Participants can also redeploy borrowed USDG to acquire additional ONyc or other assets, increasing exposure and unlocking higher returns. Incentives apply on up to $20M in total borrowing volume. Ethena Points Multiplier In addition, OnRe is offering a 5x Ethena Points multiplier to ONyc holders on qualifying sUSDe deposits, unlocking additional rewards for those providing real-world yield collateral. Integration of Real-World Yield Mechanisms in DeFi ONyc integrates premium-backed yield from real-world assets with decentralized finance (DeFi) infrastructure, enabling an onchain structure designed to support scalability and diversification beyond traditional financial instruments. “One of the most exciting things for Kamino’s users is onboarding high quality collateral assets, and ONyc is a great example of that. Access to credit and leverage for ONyc holders, powered by Kamino, is a great example of bringing DeFi utility to tokenize real-world investments,” said Mark Hull, a Kamino contributor. With base yields above 14% and expanding utility across Solana, ONyc gives users a high-performing alternative to traditional DeFi strategies. Mint directly on the OnRe app or swap instantly using Kamino Swap in the OnRe Market . About Kamino Kamino Finance is the largest money market on Solana, with over $4B in assets deployed across its suite of credit, leverage, and liquidity products. Through products like automated liquidity vaults, the K-Lend lending market, and tools for advanced trading strategies, Kamino helps users and institutions deploy capital efficiently. Kamino is the go-to platform for funds, market makers, and stablecoin issuers operating at scale on Solana. About Global Dollar Network Global Dollar Network is the world’s fastest growing stablecoin network with unmatched economic upside. Powered by Global Dollar (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, Global Dollar Network offers a transparent and equitable economic model that rewards partners for their contributions. Global Dollar Network partners include industry leaders such as Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay, and more. Note: USDG is available on Solana, Ink, and Ethereum. About Chainlink Chainlink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy, powering critical use cases across DeFi, banking, tokenized real-world assets (RWAs), cross-chain, and more. Users can learn more by visiting chain.link . About OnRe OnRe bridges the reliability of the $750B global reinsurance market with the transformative power of blockchain. Licensed to deploy digital assets as insurance collateral, OnRe provides a new class of investors with direct access to consistent real-world yield through structured products designed to perform across market cycles. With a focus on transparency, scalability, and capital efficiency, OnRe is transforming how capital is deployed, bringing opportunity to a system that has historically been out of reach. Disclaimer: This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities or digital assets. ONyc may be accessible via decentralised protocols such as Kamino, but OnRe does not operate or control any secondary market for the token. Secondary trading occurs independently of OnRe. Capital is at risk. Redemption with OnRe is only available to qualified investors. Access may be restricted in certain jurisdictions. Contact Head of Operations Sarah George OnRe sarah@onre.finance This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post ONyc Launches on Kamino, Unlocking Real-World Yield and Collateral Utility in Solana DeFi appeared first on The Daily Hodl .
BitcoinWorld ONyc Launches on Kamino, Unlocking Real-World Yield and Collateral Utility in Solana DeFi Hamilton, Bermuda, August 5th, 2025, Chainwire OnRe’s yield-bearing asset, ONyc, is now accepted as collateral within Solana’s decentralized finance (DeFi) ecosystem. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce borrowing costs, enhance yield opportunities, and support the use of real-world collateral onchain. Onchain Yield Coin (ONyc), a yield-bearing, stablecoin-backed asset issued by OnRe , is now live on Kamino, Solana’s largest DeFi money market. This integration marks the first time reinsurance-backed yield is being used as onchain collateral in Solana DeFi, opening access to real-world risk through a composable, liquid, and resilient asset. A New Form of Yield in DeFi Kamino secures over $700M in stablecoin TVL and underpins liquidity and capital strategies across the Solana ecosystem. With ONyc now live on Kamino, users can: Leverage ONyc as collateral for borrowing, lending, or looping strategies Earn ~14%+ base yield uncorrelated to crypto volatility Enter or exit positions 24/7 with onchain liquidity Track NAV in real time through verifiable pricing data Together, these capabilities make ONyc a powerful tool for capital deployment across market conditions. By enabling lending, borrowing, and looping in a fully composable way, ONyc brings real-world yield into active use across Solana’s DeFi ecosystem. The integration is powered by Chainlink’s Onchain NAV solution, which sources ONyc’s net asset value from OnRe and delivers it in real time via Chainlink Data Streams . This ensures tamper-resistant pricing and enables secure collateralization, supporting reinsurance-backed strategies with verifiable, onchain fund valuations. “ONyc’s launch on Kamino marks a broader shift in DeFi, bringing real-world yield to Solana with the transparency, liquidity, and composability the ecosystem was built for,” said Dan Roberts, Co-Founder and CEO of OnRe. “It introduces a new class of collateral designed to perform through market cycles and support sustained DeFi activity. Solana has become a hub for capital innovation, and Kamino continues to set the standard for how real-world assets should operate onchain.” Incentives Designed for Early Participation To encourage early adoption, OnRe is launching incentive programs in collaboration with Kamino, Global Dollar Network, and Ethena: Borrowing Incentives A $200K rewards pool is available to lower borrowing costs for users who deposit ONyc as collateral to borrow USDG on Kamino. This reduces costs and creates room for more favorable yield spreads. “This marks one of the first fully permissionless implementations of real-world yield distributed directly onchain through DeFi,” said Nick Robnett at Paxos, on behalf of Global Dollar Network. “We are proud to support ONyc’s launch on Solana and Kamino, leveraging USDG to advance OnRe’s vision of bringing real-world assets with intrinsic value onchain and making them accessible to a global user base.” Looping Strategies Participants can also redeploy borrowed USDG to acquire additional ONyc or other assets, increasing exposure and unlocking higher returns. Incentives apply on up to $20M in total borrowing volume. Ethena Points Multiplier In addition, OnRe is offering a 5x Ethena Points multiplier to ONyc holders on qualifying sUSDe deposits, unlocking additional rewards for those providing real-world yield collateral. Integration of Real-World Yield Mechanisms in DeFi ONyc integrates premium-backed yield from real-world assets with decentralized finance (DeFi) infrastructure, enabling an onchain structure designed to support scalability and diversification beyond traditional financial instruments. “One of the most exciting things for Kamino’s users is onboarding high quality collateral assets, and ONyc is a great example of that. Access to credit and leverage for ONyc holders, powered by Kamino, is a great example of bringing DeFi utility to tokenize real-world investments,” said Mark Hull, a Kamino contributor. With base yields above 14% and expanding utility across Solana, ONyc gives users a high-performing alternative to traditional DeFi strategies. Mint directly on the OnRe app or swap instantly using Kamino Swap in the OnRe Market . About Kamino Kamino Finance is the largest money market on Solana, with over $4B in assets deployed across its suite of credit, leverage, and liquidity products. Through products like automated liquidity vaults, the K-Lend lending market, and tools for advanced trading strategies, Kamino helps users and institutions deploy capital efficiently. Kamino is the go-to platform for funds, market makers, and stablecoin issuers operating at scale on Solana. About Global Dollar Network Global Dollar Network is the world’s fastest growing stablecoin network with unmatched economic upside. Powered by Global Dollar (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, Global Dollar Network offers a transparent and equitable economic model that rewards partners for their contributions. Global Dollar Network partners include industry leaders such as Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay, and more. Note: USDG is available on Solana, Ink, and Ethereum. About Chainlink Chainlink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy, powering critical use cases across DeFi, banking, tokenized real-world assets (RWAs), cross-chain, and more. Users can learn more by visiting chain.link . About OnRe OnRe bridges the reliability of the $750B global reinsurance market with the transformative power of blockchain. Licensed to deploy digital assets as insurance collateral, OnRe provides a new class of investors with direct access to consistent real-world yield through structured products designed to perform across market cycles. With a focus on transparency, scalability, and capital efficiency, OnRe is transforming how capital is deployed, bringing opportunity to a system that has historically been out of reach. Disclaimer: This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities or digital assets. ONyc may be accessible via decentralised protocols such as Kamino, but OnRe does not operate or control any secondary market for the token. Secondary trading occurs independently of OnRe. Capital is at risk. Redemption with OnRe is only available to qualified investors. Access may be restricted in certain jurisdictions. Contact Head of Operations Sarah George OnRe sarah@onre.finance This post ONyc Launches on Kamino, Unlocking Real-World Yield and Collateral Utility in Solana DeFi first appeared on BitcoinWorld and is written by chainwire
BitcoinWorld Coinbase Canada PayPal: Empowering Seamless Crypto Payments for Canadian Users Big news for Canadian crypto users ! The popular American crypto exchange, Coinbase, has just rolled out a fantastic new feature: direct integration with PayPal. This means that buying and selling cryptocurrencies on Coinbase Canada PayPal just got a whole lot easier and more accessible for millions across the country, according to an announcement originally reported by JinSe Finance. Why is Coinbase Canada PayPal Integration a Game Changer? This strategic move by Coinbase offers significant advantages, especially for those who are already familiar with PayPal’s robust payment ecosystem. It addresses a key need for convenience and trust in the evolving digital asset space. Unmatched Convenience: If you already have a PayPal account, connecting it to Coinbase is straightforward. This eliminates the need to set up new payment methods or go through lengthy bank transfers, making your crypto journey smoother. Speed and Efficiency: Transactions often process faster when using established digital payment platforms like PayPal, allowing you to react quickly to market movements when you want to buy crypto Canada . Enhanced Trust: PayPal is a globally recognized and trusted financial service. Its integration adds an extra layer of familiarity and security for users, potentially attracting more Canadian crypto users who might have been hesitant to enter the market. Greater Accessibility: This integration lowers the barrier to entry for newcomers, making it simpler for a wider audience to participate in the cryptocurrency market. How Can Canadian Crypto Users Leverage PayPal on Coinbase? Using PayPal for your crypto transactions on Coinbase is designed to be user-friendly. The process is intuitive, allowing you to manage your digital assets with greater ease. Here’s a general idea of how you can utilize this new feature: Linking Your Account: First, you will need to link your existing PayPal account to your Coinbase profile. This is typically a one-time setup that involves a few verification steps to ensure security. Buying Cryptocurrencies: When you initiate a purchase on Coinbase, PayPal will now appear as a payment option. You simply select it, confirm the amount, and authorize the transaction through your PayPal account. This streamlines the process to buy crypto Canada . Selling Cryptocurrencies: Similarly, when you decide to sell your digital assets, you can choose to withdraw the funds directly to your linked PayPal account. This provides a quick and efficient way to convert your crypto back into Canadian dollars. This integration significantly enhances Coinbase payments options, providing flexibility and speed for users across Canada. What Does This Mean for the Canadian Crypto Market? The introduction of Coinbase Canada PayPal support is more than just a new payment option; it signals a growing maturity and mainstream acceptance of cryptocurrencies in Canada. It has broader implications for the market and other exchanges operating within the country. Increased Adoption: Easier access through familiar payment methods can drive a surge in new Canadian crypto users , expanding the overall market size. Competitive Edge: This move gives Coinbase a significant competitive advantage in the Canadian market, potentially prompting other exchanges to enhance their payment offerings. Market Liquidity: With more seamless deposit and withdrawal options, market liquidity could improve, leading to a healthier trading environment. Future Innovations: This successful integration might pave the way for more traditional payment giants to collaborate with crypto platforms, further bridging the gap between traditional finance and digital assets. The collaboration between Coinbase and PayPal truly simplifies how people interact with PayPal crypto Canada services, making digital currencies more accessible than ever before. The ability to use Coinbase Canada PayPal for transactions marks a pivotal moment for crypto accessibility in the region. It reinforces Coinbase’s commitment to providing a user-friendly and secure platform for its Canadian clientele. This development is set to simplify crypto interactions, encourage broader participation, and solidify Canada’s position as a vibrant hub for digital asset innovation. It is an exciting step forward for anyone looking to engage with the cryptocurrency market. Frequently Asked Questions (FAQs) Who can use the new Coinbase Canada PayPal payment feature? This feature is available to all eligible Coinbase customers residing in Canada who have a verified PayPal account linked to their Coinbase profile. Are there any fees associated with using PayPal for Coinbase payments in Canada? Coinbase may apply standard transaction fees for buying or selling cryptocurrencies, regardless of the payment method. It is advisable to check Coinbase’s fee schedule directly for the most accurate and up-to-date information regarding PayPal transactions. Can I sell my crypto and withdraw funds directly to my PayPal account? Yes, Canadian crypto users can now sell their cryptocurrencies on Coinbase and withdraw the proceeds directly to their linked PayPal account, offering a convenient way to access their funds. Is using PayPal for crypto transactions on Coinbase secure? Both Coinbase and PayPal employ robust security measures, including encryption and fraud protection, to safeguard user accounts and transactions. Using this integration combines the security features of both platforms for enhanced peace of mind. Does this integration support all cryptocurrencies available on Coinbase? Generally, PayPal integration supports the buying and selling of most cryptocurrencies available on Coinbase. However, users should always verify specific asset availability and transaction limits on the Coinbase platform. Was this article helpful? Share this exciting news with your friends and fellow crypto enthusiasts on social media! Let them know about the seamless new way to engage with the crypto market in Canada. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency adoption . This post Coinbase Canada PayPal: Empowering Seamless Crypto Payments for Canadian Users first appeared on BitcoinWorld and is written by Editorial Team
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