Astaria, a decentralized finance (DeFi) project co-founded by ConsenSys and SushiSwap alum Joseph DeLong, has raised $8 million in a round that included True Ventures, Arrington Capital, Wintermute and many others.
The platform will allow holders of valuable non-fungible tokens to lock them up as collateral and borrow crypto against them, so the holders can then buy other NFTs, plus trade and invest in decentralized finance. For borrowers, liquidity is instant and liquidations are more predictable.
Unlike last year, this Juneteenth the United States Postal Service won't deliver mail and the stock market will be closed.
Why it matters: Since the newest federal holiday fell on a Sunday this year, Monday is when most businesses and the federal government will officially recognize the date in 1865 when enslaved people in Texas learned they'd been freed two years earlier after Abraham Lincoln signed the Emancipation Proclamation, Axios' Ross Terrell reports.
By the numbers: Some 19,000 flights have been canceled or delayed since Thursday, while over 4,200 U.S. flights were delayed and 900 canceled on Sunday alone as Americans marked Father's Day amid airline staffing shortages and extreme weather that upended schedules, per USA Today.
Nearly a thousand of you answered our call for Father's Day wisdom from your dads.
Why it matters: These dads represent a stunning range of experiences and perspectives — and we can all learn from them. Below you'll find a selection of lessons.
When CEOs from more than 220 U.S. companies released a letter demanding the Senate "take immediate action" on gun violence, it was the first time we’ve seen a large coalition of executives make a unified plea.
Why it matters: It signals a shift in corporate America’s tolerance for gun violence. Butindividual companies, like Dick's Sporting Goods, have been at it for a while — and Dick's experience can give us an idea of what's ahead for the other companies.
A federal gas tax holiday to ameliorate the burden of soaring gas prices across the nation is an idea "certainly worth considering," Treasury Secretary Janet Yellen told ABC's "This Week" on Sunday.
Driving the news: The national average price for regular gasoline spiked to a never-before-seen $5 per gallon this month as the country grapples with decades-high inflation.
Airline staffing shortages, which are already disrupting summer vacation plans, could extend well into 2023, some industry officials say.
The big picture: Airlines had two years and billions of dollars in government aid to make sure they were ready for passengers to return to the skies after the pandemic. But demand has snapped back so quickly that they don't have enough people to fly the planes, serve the passengers or unload their bags.
Apple workers at a store in Maryland voted roughly by a 2-to-1 ratio to join a union, becoming the first of the company's employees to choose to do so.
Why it matters: The vote comes as tech workers, who have long eschewed unionization, have been increasingly open to the idea.