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Yahoo
an hour ago
- Yahoo
Itaú Chile launches its first Sustainable Finance Framework, favorably assessed by S&P Global Ratings
SANTIAGO, Chile, July 04, 2025 (GLOBE NEWSWIRE) -- BANCO ITAÚ CHILE (SSE by nuam: ITAUCL) today announced the release of its first Sustainable Finance Framework (the 'Framework'), establishing a comprehensive platform for the issuance of green, social, and sustainability-linked instruments, aligned with leading international standards. S&P Global Ratings issued a Second Party Opinion (SPO), rating the Framework's alignment with global standards as 'Strong', based on the following principles: ICMA Green Bond Principles (2021) ICMA Social Bond Principles (2023) ICMA Sustainability Bond Guidelines (2021) LMA / APLMA Green & Social Loan Principles (2023) 'With this Framework, we place sustainability at the core of our financing strategy, enabling investors to directly support Chile's energy transition and social inclusion agenda,' said Claudia Labbé, Chief Sustainability Officer and Head of Corporate Affairs at Itaú Chile. This initiative reflects Itaú Chile's strong commitment to sustainability, which is fully integrated into its business strategy. Through concrete actions such as sustainable finance, carbon footprint measurement, and financial inclusion programs, the bank aims to contribute actively to a resilient, inclusive, and low-emission economy. The Framework reinforces Itaú's belief that finance can be a powerful driver of sustainable development For the full Sustainable Finance Framework, please refer to the following link: For the Second Party Opinion (SPO) issued by S&P Global Ratings, dated July 4, 2025, please refer to the following link: Investor Relations – Itaú Chile IR@ / in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Coinbase's Base Sees Over $4B in Outflows Through Cross-Chain Bridges; Ethereum Nets Inflows of $8.5B
Nasdaq-listed crypto exchange Coinbase's Layer 2 scaling solution, Base, has gone from being the leader in 2024 in terms of capital inflows through cross-chain bridges to the top loser this year. Data from the Artemis Terminal shows Base has seen a net outflow of $4.3 billion this year, a stark contrast to the net inflow of $3.8 billion in 2024, which was the highest among the top 20 blockchains. Meanwhile, Ethereum, the world's largest smart contract blockchain, has registered a net inflow of $8.5 billion this year, compared to a net outflow of $7.4 billion in the previous year. The data show the momentum behind the Base chain has decelerated, with Ethereum reclaiming its top spot. Crypto bridges are protocols that facilitate communication and interaction between different blockchains, enhancing interoperability. Bridging, therefore, refers to the act of moving tokens between different networks. The cumulative supply of stablecoins on Base has also flattened above $4 billion since mid-May alongside slower trading volumes, as the chart below shows. According to the data source L2BEAT, the total number of ether (ETH) deposited on BASE has crashed from 1.82 million ETH to just over 835,000 ETH in four weeks. The trend is consistent with other Layer 2 solutions, which have seen notable ETH outflows in recent weeks, according to Michael Nadeau of The DeFi Report on X. According to Coinbase's Protocol Specialist Viktor Bunin, the outflows are likely due to Binance withdrawing capital to the Layer 1. "The vast majority is just Binance withdrawing to L1. They kept an ungodly amount on the L2s. Unclear if they were getting incentives to keep it there or just didn't balance across their supported chains," Bunin said on X.
Yahoo
an hour ago
- Yahoo
Coinbase's Base Sees Over $4B in Outflows Through Cross-Chain Bridges; Ethereum Nets Inflows of $8.5B
Nasdaq-listed crypto exchange Coinbase's Layer 2 scaling solution, Base, has gone from being the leader in 2024 in terms of capital inflows through cross-chain bridges to the top loser this year. Data from the Artemis Terminal shows Base has seen a net outflow of $4.3 billion this year, a stark contrast to the net inflow of $3.8 billion in 2024, which was the highest among the top 20 blockchains. Meanwhile, Ethereum, the world's largest smart contract blockchain, has registered a net inflow of $8.5 billion this year, compared to a net outflow of $7.4 billion in the previous year. The data show the momentum behind the Base chain has decelerated, with Ethereum reclaiming its top spot. Crypto bridges are protocols that facilitate communication and interaction between different blockchains, enhancing interoperability. Bridging, therefore, refers to the act of moving tokens between different networks. The cumulative supply of stablecoins on Base has also flattened above $4 billion since mid-May alongside slower trading volumes, as the chart below shows. According to the data source L2BEAT, the total number of ether (ETH) deposited on BASE has crashed from 1.82 million ETH to just over 835,000 ETH in four weeks. The trend is consistent with other Layer 2 solutions, which have seen notable ETH outflows in recent weeks, according to Michael Nadeau of The DeFi Report on X. According to Coinbase's Protocol Specialist Viktor Bunin, the outflows are likely due to Binance withdrawing capital to the Layer 1. "The vast majority is just Binance withdrawing to L1. They kept an ungodly amount on the L2s. Unclear if they were getting incentives to keep it there or just didn't balance across their supported chains," Bunin said on X.
