Based on BeInCrypto, the crypto industry is witnessing several significant events this week. Frax Finance is revamping its FRAX stablecoin into a BUIDL-backed asset, with a vote ending tomorrow. The Sui network is set to unlock 64 million governance tokens on January 1, benefiting early investors and contributors. Additionally, six Israeli investment firms are launching Bitcoin mutual funds, despite challenges in the current market. Empyreal is launching a no-code AI Agent Launchpad, and Pendle is conducting an airdrop. Movement's Mainnet launch is scheduled for January, and GammaSwap's yield tokens are undergoing an audit. These developments highlight ongoing innovation and challenges in the crypto space as 2025 begins.
Crypto Developments: Frax, SUI Token Unlock, and Bitcoin Mutual Funds
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