Bitcoin Gains Strength As Job Market Falters

The post Curve Finance votes on revenue-sharing model for CRV holders appeared on BitcoinEthereumNews.com. Curve Finance has proposed a new protocol called Yield Basis that would share revenue directly with CRV holders, marking a shift from one-off incentives to sustainable income. Summary Curve Finance has put forward a revenue-sharing protocol to give CRV holders sustainable income beyond emissions and fees. The plan would mint $60M in crvUSD to seed three Bitcoin liquidity pools (WBTC, cbBTC, tBTC), with 35–65% of revenue distributed to veCRV stakers. The DAO vote runs from up to Sept. 24, with the proposal seen as a major step to strengthen CRV tokenomics after past liquidity and governance challenges. Curve Finance founder Michael Egorov has introduced a proposal to give CRV token holders a more direct way to earn income, launching a system called Yield Basis that aims to turn the governance token into a sustainable, yield-bearing asset.  The proposal has been published on the Curve DAO (CRV) governance forum, with voting open until Sept. 24. A new model for CRV rewards Yield Basis is designed to distribute transparent and consistent returns to CRV holders who lock their tokens for veCRV governance rights. Unlike past incentive programs, which relied heavily on airdrops and emissions, the protocol channels income from Bitcoin-focused liquidity pools directly back to token holders. To start, Curve would mint $60 million worth of crvUSD, its over-collateralized stablecoin, with proceeds allocated across three pools — WBTC, cbBTC, and tBTC — each capped at $10 million. 25% of Yield Basis tokens would be reserved for the Curve ecosystem, and between 35% and 65% of Yield Basis’s revenue would be given to veCRV holders. By emphasizing Bitcoin (BTC) liquidity and offering yields without the short-term loss risks associated with automated market makers, the protocol hopes to draw in professional traders and institutions. Context and potential impact on Curve Finance The proposal comes as Curve continues to modify…

With the Congress being unable to pass a funding bill, and Senate and House leadership adjourning without resolution, the U.S. Government shutdown continues today, affecting various cryptocurrencies that await final ETF approval decision from the SEC this month. Meanwhile, Bitcoin, which is considered by investors as a hedge against the current uncertainty in the fiat ... Read more The post Crypto Market Update ( Oct 4): Bitcoin Continues Uptober Rally, But Altcoins in Fear appeared first on BiteMyCoin.

PANews reported on October 4th that Coinbase co-founder and CEO Brian Armstrong stated that the company has always prioritized compliance and customer trust, and stated that a national trust company charter is the next step in integrating crypto and traditional finance. Coinbase announced this morning that it has applied for a national trust company charter from the U.S. Office of the Comptroller of the Currency (OCC) , seeking federal oversight and unified rules.