What is DeFi? DeFi news, DeFi meaning, DeFi definition - Blockchain.News
Search results for

DeFi

Blockchain.News Presents: State of DeFi Survey
defi

Blockchain.News Presents: State of DeFi Survey

Blockchain.News State of DeFi Survey

Decentralized Finance (DeFi)
defi

Decentralized Finance (DeFi)

DeFi stands for decentralized finance, which owns the blockchain advantages, thus removes trusted third parties and more. DeFi will have profound impact to traditional financial industries.

Has the DeFi Bubble Burst? Top DeFi Tokens Crash by 50%
defi

Has the DeFi Bubble Burst? Top DeFi Tokens Crash by 50%

The decentralized finance (DeFi) industry appears to be crashing, with DeFi tokens plummeting and dropping by 50% and more over the past seven days.

What is DeFi: The Ultimate Guide to Decentralized Finance Technology
defi

What is DeFi: The Ultimate Guide to Decentralized Finance Technology

The concept of decentralized finance (DeFi) has become so potent that it is difficult to separate the prospect of blockchain and crypto from the success or failure of DeFi as the ideal alternative to traditional financial systems. Owing to the importance of innovations classified as DeFi to the crypto economy, here are four fundamentals of DeFi.

DeFi was the Main Trigger of Bitcoin Flowing to Ethereum, ETH Price to Surge Even Higher
defi

DeFi was the Main Trigger of Bitcoin Flowing to Ethereum, ETH Price to Surge Even Higher

Currently, the DeFi sector’s total value locked (TVL) has surged above $16 billion, setting a new high for the ecosystem, according to DeFi Pulse.

Tether CTO: Moving DeFi forward in Asia
defi

Tether CTO: Moving DeFi forward in Asia

Paolo Ardoino, CTO of Tether gives his take on the Decentralized Finance DEFI Ecosystem in Asia standing on the cusp of a global digital banking revolution.

Tried and Failed: Maker Foundation's Attempt to Patent "DeFi"
defi

Tried and Failed: Maker Foundation's Attempt to Patent "DeFi"

Set out to rid the decentralized finance space, free from scammers, DeFi creators tried to patent the term ‘DeFi’. However, this was short-lived as the United States Patent and Trademark Office rejected the registered application last January.

3 Platforms Making DeFi More Inclusive
defi

3 Platforms Making DeFi More Inclusive

Decentralized finance (DeFi) is taking the world by storm. Owners of cryptocurrencies can unlock an alternative financial system that offers better rewards than traditional bank accounts and carries more risk. Several trends in the DeFi space are emerging lately, as are the new protocols trying to capitalize on this momentum.

Why Uniswap is the DeFi Catalyst for Many Projects
defi

Why Uniswap is the DeFi Catalyst for Many Projects

If there is one thing that has been made perfectly apparent in the last year, it’s that there is incredible demand for decentralized finance (DeFi) solutions. 

Tezos Integrates Harbinger Price Oracle As Network Prepares For DeFi
defi

Tezos Integrates Harbinger Price Oracle As Network Prepares For DeFi

Tezos is taking another step towards decentralized finance (DeFi) with a delegated price feed oracle called Harbinger.

Coinbase Lists DeFi Tokens AAVE, BNT, and SNX as Warning of US Crypto Wallet Regulation Looms
defi

Coinbase Lists DeFi Tokens AAVE, BNT, and SNX as Warning of US Crypto Wallet Regulation Looms

2020 has been all about the DeFi boom. Many crypto exchanges have welcomed the DeFi craze with open arms, notably Coinbase, with the addition of new coins.

Ethereum and DeFi Tokens Plummet Amid High Selling Pressure
defi

Ethereum and DeFi Tokens Plummet Amid High Selling Pressure

Popular DeFi tokens, including Yearn.finance (YFI), and Uniswap (UNI) have also witnessed strong corrections in the past few days.

US SEC Signs Contracts with Blockchain Analytics Firm Anchain.Ai to Monitor DeFi Sector
defi

US SEC Signs Contracts with Blockchain Analytics Firm Anchain.Ai to Monitor DeFi Sector

The US SEC has awarded contracts to monitor unwanted movements across the DeFi sector. The SEC has tapped Anchain.AI artificial intelligence and blockchain company to help the regulator to analyze and trace smart contracts with the technology.

Binance Completes 21st Quarterly BNB Burn With $548M BNB Destroyed
defi

Binance Completes 21st Quarterly BNB Burn With $548M BNB Destroyed

Following its quarterly burn, the Binance (BNB) Chain has successfully eliminated $548 million worth of BNB; however, the market remains unaffected.

Investors Flock to the DEX dYdx with its Token with Rising by 50% after the Clampdown from China
defi

Investors Flock to the DEX dYdx with its Token with Rising by 50% after the Clampdown from China

Since last Friday, the People's Bank of China began to crack down on cryptocurrency trading, a large number of Chinese traders seem to have turned their trading venues to dYdX- a decentralized leveraged trading exchange.

BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.
defi

BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.

As part of its research plans, the Bank for International Settlements (BIS) will explore if decentralized finance (DeFi) technologies can enhance financing for small and medium enterprises in Hong Kong.

B Squared Network Announces Seed Investments by HashKey Capital, OKX Ventures, IDG Capital
defi

B Squared Network Announces Seed Investments by HashKey Capital, OKX Ventures, IDG Capital

B² Network secures significant seed investments from top venture capitals for its innovative Bitcoin Layer 2 solutions, aiming to transform Bitcoin's utility and adoption in the crypto ecosystem.

UK Media Mogul Calls DeFi a Revolution Against Corrupt Global Banking System
defi

UK Media Mogul Calls DeFi a Revolution Against Corrupt Global Banking System

Alexander Lebedev, the billionaire UK media mogul and former banker has endorsed the revolutionary power of DeFi against a corrupt global banking system.

Uniswap’s Second UNI Airdrop Fails: Governance Proposal Defeated Again
defi

Uniswap’s Second UNI Airdrop Fails: Governance Proposal Defeated Again

The Uniswap community recently voted on its second-ever governance proposal, however, it has ended in defeat as less than 4 percent of UNI token holders voted.

Arbitrum One Achieves a Historic $10 Billion TVL Milestone
defi

Arbitrum One Achieves a Historic $10 Billion TVL Milestone

Arbitrum One's recent surge to a $10.22 billion TVL not only marks a major milestone for Ethereum Layer 2 networks but also highlights its growing acceptance and diverse asset portfolio, following a substantial funding journey and robust technology development.

US Treasury to Increase DeFi Regulation
defi

US Treasury to Increase DeFi Regulation

The US Treasury conducted a risk assessment of DeFi, finding it lacking in AML/CFT compliance, and reported money laundering, scammers, and North Korean hackers benefiting from the sector. The Treasury response to Biden's executive order suggests more regulation for DeFi, including compliance with the Bank Secrecy Act.

Compound Protocol Halts Supply of Four Tokens Due To Low Liquidity
defi

Compound Protocol Halts Supply of Four Tokens Due To Low Liquidity

Decentralized lending protocol Compound has decided to pause the supply of four tokens used as lending assets for collateral on the platform, including ncZRX, cBAT, cMKR, and cYFI.

Billionaire Investor Mike Novogratz Refuses to Lose Faith in Bitcoin
defi

Billionaire Investor Mike Novogratz Refuses to Lose Faith in Bitcoin

Mike Novogratz, the CEO and founder of Galaxy Digital asset management company, explains why he still loves cryptocurrencies.

Saros Cryptocurrency (SAROS) will be listed on Bybit
defi

Saros Cryptocurrency (SAROS) will be listed on Bybit

Saros raises $3.75M in funding and gets listed on Bybit with a 50,000 USDT prize pool, marking significant strides in expanding its reach and enhancing its offerings in the DeFi space.

Defiance ETFs' NFT-Linked ETF Soon to Launch in the U.S.
defi

Defiance ETFs' NFT-Linked ETF Soon to Launch in the U.S.

Defiance ETFs' Defiance Digital Revolution ETF (ticker NFTZ) is launching on Thursday and will track blockchain-related firms and the NFT index.

DeFi Funding Skyrockets 190% in 2022
defi

DeFi Funding Skyrockets 190% in 2022

Digital asset investment firms invested $2.7 billion in decentralized finance (DeFi) projects in 2022, marking a 190% increase from the previous year, while investments into centralized finance (CeFi) projects dropped by 73% to $4.3 billion. Despite the overall crypto funding figures falling from $31.92 billion to $18.25 billion, DeFi saw a near three-fold increase, potentially signaling it as the new high-growth area for the crypto industry, according to a CoinGecko report.

SushiSwap Reaches Over $1 Billion in TVL as Uniswap Sees Massive Plummet After Rewards Ended
defi

SushiSwap Reaches Over $1 Billion in TVL as Uniswap Sees Massive Plummet After Rewards Ended

SushiSwap’s token SUSHI made a huge rebound this week, surging by nearly 90 percent in one week.

Amid The Ongoing Crypto Market Dip, DeFi Tokens BAT, CELO, and HEDG Remain Resilient
defi

Amid The Ongoing Crypto Market Dip, DeFi Tokens BAT, CELO, and HEDG Remain Resilient

The market correction though encompassing has some resilient tokens including BAT, CELO, HEDG.

Number of Ethereum Addresses Holding at Least 100 Coins Plunges as Chinese Clampdown Looms
defi

Number of Ethereum Addresses Holding at Least 100 Coins Plunges as Chinese Clampdown Looms

Ethereum on-chain metrics are on the decline as China's clampdown looms.

PayPal to Launch Crypto Trading Next Month in the U.K.
defi

PayPal to Launch Crypto Trading Next Month in the U.K.

Payment provider PayPal Holdings Inc. revealed the company is planning to develop the next market in The United Kingdom to provide its crypto trading services.

Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum
defi

Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum

Coinbase and Circle Centre Consortium have expanded USDC from Ethereum to Algorand’s blockchain as part of its multi-chain USDC framework.

Aave Outpaces Market with 9% Growth in Q2 2023, Launches GHO Stablecoin
defi

Aave Outpaces Market with 9% Growth in Q2 2023, Launches GHO Stablecoin

ave's Q2 2023 report shows a 9% growth in total value supplied, outpacing the market. Key developments include the launch of GHO stablecoin, a rise in stETH deposits, and the anticipated release of Portals.

The Number of Ethereum Transfers Hit a Monthly Low
defi

The Number of Ethereum Transfers Hit a Monthly Low

The number of Ethereum (ETH) transfers has dwindled hitting a 1-month low of 24,471.607, as acknowledged by on-chain metrics provider Glassnode.

End of Chainlink’s Bull Run? LINK Developers and Whales Dump Tokens
defi

End of Chainlink’s Bull Run? LINK Developers and Whales Dump Tokens

Chainlink (LINK) recently hit $20 on Binance and has surpassed Bitcoin Cash (BCH) by market capitalization before taking a dive.

DeFi Hack Linked to North Korea
defi

DeFi Hack Linked to North Korea

The $197 million DeFi hack on Euler Finance has been linked to North Korea after blockchain investigator Chainalysis identified that 100 ETH from the stolen funds was transferred to an address associated with North Korea-linked actors. While Chainalysis suspected the involvement of North Korea, it highlighted the possibility of misdirection by other hackers. Euler Labs CEO expressed disappointment in the hack, revealing that ten separate audits over two years assured its security.

QuickSwap Breaches $1,000 for the First Time amid Increasing Adoption of Polygon
defi

QuickSwap Breaches $1,000 for the First Time amid Increasing Adoption of Polygon

QuickSwap is a decentralized trading platform leveraging Polygon's Layer 2 network. Its native token QUICK achieved a new record-high today, breaching $1,000.

6 Reasons Why Ethereum Price is Surging
defi

6 Reasons Why Ethereum Price is Surging

Ethereum is entering new realms of price discovery - here are six reasons why Ethereum is showing significant strength at the outset of 2021 and the ETH price continues to rise.

Top 10 Dapps on Ethereum Network Surpass 1 Million Daily Users
defi

Top 10 Dapps on Ethereum Network Surpass 1 Million Daily Users

The top 10 decentralized applications on the Ethereum network have hit 1,017,760 daily active wallet users, according to data analytics company DappRadar.

DeFi Broker Porter Finance Shuts Down Bond Issuance Platform
defi

DeFi Broker Porter Finance Shuts Down Bond Issuance Platform

Porter Finance said low lending demand from the DeFi ecosystem has forced it to close its bond trading platform, and mentioned that it now wants to focus on other business opportunities.

Uniswap V3 Protocol License Expires, Allowing Developers to Fork Code
defi

Uniswap V3 Protocol License Expires, Allowing Developers to Fork Code

Uniswap V3 protocol’s Business Source License (BSL) has expired, allowing developers to fork the code and deploy their own decentralized exchange (DEX). The new “General Public License” now applies to the protocol. To fork the code, developers must use an “Additional Use Grant.”

Aave (LEND) Is Up By Over 11,000 Percent This Year, DeFi Market Reaches $11 Billion in Total Value Locked
defi

Aave (LEND) Is Up By Over 11,000 Percent This Year, DeFi Market Reaches $11 Billion in Total Value Locked

The continuous rise and the unending support for the decentralized finance (DeFi) industry has resulted in a total of $11 billion in total value locked.

Polygon Labs Critiques SEC Proposed Rulemaking That Threatens Permissionless Blockchain Networks
defi

Polygon Labs Critiques SEC Proposed Rulemaking That Threatens Permissionless Blockchain Networks

Polygon Labs, the leading blockchain technology firm, issued a response today to a proposed rule from the Securities and Exchange Commission (SEC) that redefines the term "exchange."

Ethereum’s Sentiment on Twitter Becomes Extremely Positive as DeFi’s Value Tops $80B
defi

Ethereum’s Sentiment on Twitter Becomes Extremely Positive as DeFi’s Value Tops $80B

The Ethereum (ETH) network has been experiencing an uptick in activities and this made crowd sentiment on Twitter extremely positive, as disclosed by Data analytic firm IntoTheBlock.

DeFi Protocol Wonderland Involves Cybercrime, Associated with Canadian Crypto Exchange Quadriga
defi

DeFi Protocol Wonderland Involves Cybercrime, Associated with Canadian Crypto Exchange Quadriga

A decentralized finance project called Wonderland involves a cybercrime associated with Canadian crypto exchange Quadriga, turning DeFi into a financial felon’s wonderland.

Uniswap’s UNI Becomes a Top 10 DeFi Token After a Day, Driving Ethereum Transaction Fees to an All-Time High
defi

Uniswap’s UNI Becomes a Top 10 DeFi Token After a Day, Driving Ethereum Transaction Fees to an All-Time High

Uniswap recently launched its own governance token UNI, and since its launch, Ethereum’s transaction fees have reached new highs.

Cobo Argus Boosts DeFi Strategies Security via Chainlink Price Feeds Integration
defi

Cobo Argus Boosts DeFi Strategies Security via Chainlink Price Feeds Integration

Cobo Argus has integrated Chainlink Price Feeds on Arbitrum mainnet to bolster its automated DeFi strategies, enhancing security and facilitating swift fund withdrawals during token depegs. This collaboration with Chainlink also underscores Cobo Argus's commitment to providing fortified, efficient on-chain DeFi management solutions.

Binance "Investing Heavily in DeFi", Tweets CEO CZ
defi

Binance "Investing Heavily in DeFi", Tweets CEO CZ

Earlier, CZ announced that the company will be spending more than $1 billion on potential investments and acquisitions this year. According to Binance, DeFi and NFT projects are among the good options.

What Is Balancer?
defi

What Is Balancer?

Released in March 2020, Balancer is an Ethereum-based automated market maker (AMM) that enables users to earn fees by providing liquidity and trading.

Ethereum (ETH) Ecosystem Evolves: Staking, DeFi, and Derivative Markets
defi

Ethereum (ETH) Ecosystem Evolves: Staking, DeFi, and Derivative Markets

Insights from the Coinbase x Glassnode Q2 report about the evolution of Ethereum's Ecosystem.

Linea Launches Surge to Boost Network Liquidity, StationX Emerges as Key Player
defi

Linea Launches Surge to Boost Network Liquidity, StationX Emerges as Key Player

Linea introduces Surge, a liquidity-boosting initiative featuring new token LXP-L. StationX, the on-chain capital coordination protocol, plays a significant role.

BounceBit Mainnet Launch and Upcoming Updates
defi

BounceBit Mainnet Launch and Upcoming Updates

BounceBit celebrates Mainnet launch and reveals upcoming platform enhancements.

Bitfinex to List VELAR, Velar's Native Token
defi

Bitfinex to List VELAR, Velar's Native Token

Bitfinex announces the listing of VELAR, Velar's native token.

Fireblocks Integrates with Cosmos (ATOM) to Enhance DeFi via Osmosis
defi

Fireblocks Integrates with Cosmos (ATOM) to Enhance DeFi via Osmosis

Fireblocks integrates with Cosmos, leveraging Osmosis to enhance DeFi functionalities.

Manta Network Launches 1.5x Points Boost Program for CeDeFi Participants
defi

Manta Network Launches 1.5x Points Boost Program for CeDeFi Participants

Manta Network introduces a 1.5x points boost for CeDeFi participants from May 31 to June 30.

Analyzing Market Making Dynamics on Uniswap (UNI)
defi

Analyzing Market Making Dynamics on Uniswap (UNI)

Explore the intricate dynamics of liquidity supply and demand on Uniswap.

Atoma Integrates AI with Sui Blockchain to Empower Builders
defi

Atoma Integrates AI with Sui Blockchain to Empower Builders

Atoma's AI network integrates with Sui Blockchain, enhancing capabilities for DeFi, gaming, and more.

Wormhole Queries: Revolutionizing On-Chain Data Access for Multichain Applications
defi

Wormhole Queries: Revolutionizing On-Chain Data Access for Multichain Applications

Wormhole Queries offer an efficient way to access on-chain data, crucial for multichain apps.

Key Insights from SSV Foundation's Recent AMA
defi

Key Insights from SSV Foundation's Recent AMA

Discover key insights from the SSV Foundation AMA, covering the Foundation's role, updates, and community impact.

Mantle Network Now Accessible on Dune for Enhanced Blockchain Analytics
defi

Mantle Network Now Accessible on Dune for Enhanced Blockchain Analytics

Mantle Network integrates with Dune, offering robust analytics for DeFi data.

NVIDIA: Street Fighter 6 and XDefiant Join GeForce NOW
defi

NVIDIA: Street Fighter 6 and XDefiant Join GeForce NOW

Street Fighter 6 and XDefiant debut among seven new games on GeForce NOW.

Paxos: The Crucial Role of Stablecoins in Transforming DeFi
defi

Paxos: The Crucial Role of Stablecoins in Transforming DeFi

Explore the impact of stablecoins on DeFi and their future prospects.

Filecoin (FIL) Introduces Key Updates and Integrations in 2024
defi

Filecoin (FIL) Introduces Key Updates and Integrations in 2024

Filecoin unveils new integrations, initiatives, and events for 2024, enhancing its decentralized storage ecosystem.

Exploring Real-World Assets (RWA) in Crypto: Benefits and Challenges
defi

Exploring Real-World Assets (RWA) in Crypto: Benefits and Challenges

Discover the rise of Real-World Assets (RWA) in crypto and their impact on DeFi.

BounceBit's Maximal Capital Efficiency Strategy: A Comprehensive Guide
defi

BounceBit's Maximal Capital Efficiency Strategy: A Comprehensive Guide

BounceBit introduces a guide to maximize yield via CeFi and DeFi integration.

Injective  (INJ)Unveils Helix 2.0 and Other Key Updates in May
defi

Injective (INJ)Unveils Helix 2.0 and Other Key Updates in May

Injective (INJ)showcases significant advancements with the launch of Helix 2.0 and other key updates in May.

THORChain Introduces Trade Assets for Enhanced Onchain Trading Experience
defi

THORChain Introduces Trade Assets for Enhanced Onchain Trading Experience

THORChain launches Trade Assets for efficient and transparent onchain trading.

Understanding stBNB: Liquid Staking with BNB on BNB Chain
defi

Understanding stBNB: Liquid Staking with BNB on BNB Chain

Explore stBNB and its role in liquid staking within the BNB Chain ecosystem.

Sui Bridge Launches on Testnet with Incentive Program for Participants
defi

Sui Bridge Launches on Testnet with Incentive Program for Participants

Sui Bridge goes live on Testnet with incentives for testers. Secure and seamless asset transfers between Ethereum and Sui.

Rabby Wallet Integrates IOTA EVM to Enhance Multi-Chain DeFi Experience
defi

Rabby Wallet Integrates IOTA EVM to Enhance Multi-Chain DeFi Experience

Rabby Wallet by DeBank integrates IOTA EVM, enhancing multi-chain DeFi with smooth network switching and pre-transaction risk scanning.

Uniswap (UNI) Integrates ZKsync for Enhanced Trading Experience
defi

Uniswap (UNI) Integrates ZKsync for Enhanced Trading Experience

Uniswap (UNI) now supports ZKsync, offering users lower gas fees and faster transactions.

IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects
defi

IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects

IOTA Grants program awards $2.36 million to 20 blockchain projects, supporting diverse sectors.

Pyth Network Integrates Price Oracles with IOTA EVM
defi

Pyth Network Integrates Price Oracles with IOTA EVM

Pyth Network deploys its oracle services on IOTA EVM, enhancing data accuracy and security for DeFi applications.

Stellar (XLM) Cash-to-DeFi Challenge Highlights Innovative Financial Solutions at Consensus X EasyA 2024 Hackathon
defi

Stellar (XLM) Cash-to-DeFi Challenge Highlights Innovative Financial Solutions at Consensus X EasyA 2024 Hackathon

Stellar (XLM) Cash-to-DeFi Challenge at Consensus X EasyA 2024 Hackathon showcased groundbreaking financial solutions.

Ethereum (ETH) Network: A Pillar of Decentralized Digital Economy
defi

Ethereum (ETH) Network: A Pillar of Decentralized Digital Economy

Ethereum's role in DeFi, NFTs, and gaming underscores its pivotal impact on Web3.

OKX Ventures Joins as Founding Member of SOFA.org to Enhance DeFi Ecosystem
defi

OKX Ventures Joins as Founding Member of SOFA.org to Enhance DeFi Ecosystem

OKX Ventures becomes a founding member of SOFA.org to support the DeFi ecosystem.

Bitcoin (BTC) Layer 2 Revolution: The Role of Ordinals in Sparking Innovation
defi

Bitcoin (BTC) Layer 2 Revolution: The Role of Ordinals in Sparking Innovation

Ordinals have ignited a surge of innovation in Bitcoin’s Layer 2 ecosystem.

BounceBit Integrates Traditional Economic Theories to Strengthen CeDeFi Resilience
defi

BounceBit Integrates Traditional Economic Theories to Strengthen CeDeFi Resilience

BounceBit leverages Merrill Lynch's Investment Clock and Ray Dalio's All-Weather theory to enhance CeDeFi resilience and offer diverse yield products.

Linea's Surge Volt 2 Commences Amidst Robust Network Growth
defi

Linea's Surge Volt 2 Commences Amidst Robust Network Growth

Linea Surge Volt 2 kicks off with significant updates to LXP-L distribution, following a successful Volt 1 that saw over $1B in TVL.

Staking BNB on ListaDAO: A Comprehensive Guide
defi

Staking BNB on ListaDAO: A Comprehensive Guide

Learn how to stake BNB on ListaDAO with this detailed guide. Enhance your DeFi experience with liquid staking and maximize your earnings.

BNB Chain Launches TVL Incentive Program #3 to Boost BNB and TVL on opBNB and BSC
defi

BNB Chain Launches TVL Incentive Program #3 to Boost BNB and TVL on opBNB and BSC

BNB Chain introduces TVL Incentive Program #3 to enhance BNB and TVL growth across opBNB and BSC, offering significant rewards.

Chainlink (LINK) Introduces CCIP Programmable Token Transfers for Advanced DeFi and TradFi Applications
defi

Chainlink (LINK) Introduces CCIP Programmable Token Transfers for Advanced DeFi and TradFi Applications

Chainlink (LINK)'s CCIP Programmable Token Transfers offer enhanced smart contract and tokenization use cases for DeFi protocols and TradFi institutions.

Birdeye Integrates Real-Time Crypto Market Data on Sui Blockchain
defi

Birdeye Integrates Real-Time Crypto Market Data on Sui Blockchain

Birdeye's APIs and WebSockets now support Sui blockchain, enabling integration of real-time crypto market data into DeFi applications.

Hong Kong Monetary Authority Releases Reports on DeFi and Metaverse in Finance
defi

Hong Kong Monetary Authority Releases Reports on DeFi and Metaverse in Finance

The Hong Kong Monetary Authority has published reports on DeFi and the metaverse, analyzing their impact and regulatory landscape in the financial services industry.

Uniswap (UNI) Expands to Zora Network, Offering Enhanced User Experience
defi

Uniswap (UNI) Expands to Zora Network, Offering Enhanced User Experience

Uniswap (UNI) now supports Zora Network, providing users with lower gas fees and faster swaps. This integration is available on both the Uniswap interface and mobile app.

BlackRock's BUIDL Fund Backs Manta Network's wUSDM via Mountain Protocol
defi

BlackRock's BUIDL Fund Backs Manta Network's wUSDM via Mountain Protocol

Manta Network's on-chain yield-bearing stablecoin wUSDM is now backed by BlackRock's BUIDL Fund, enhancing security and yield potential.

IOTA Grants $2.89 Million to 26 Projects in Latest Funding Round
defi

IOTA Grants $2.89 Million to 26 Projects in Latest Funding Round

IOTA Foundation announces $2.89 million in grants to 26 projects, focusing on DeFi, NFT marketplaces, SocialFi, and more.

Uniswap (UNI) v4 Hooks: EigenLayer Research Calls for AVS Proposals
defi

Uniswap (UNI) v4 Hooks: EigenLayer Research Calls for AVS Proposals

EigenLayer Research invites proposals for Uniswap v4 Hooks, aiming to collaborate with innovative builders to enhance the decentralized finance ecosystem.

XDEFI Integrates Circle’s CCTP to Enhance USDC Cross-Chain Swaps
defi

XDEFI Integrates Circle’s CCTP to Enhance USDC Cross-Chain Swaps

XDEFI and Circle's CCTP join forces to make USDC cross-chain swaps more secure and user-friendly, enhancing the overall DeFi experience.

BNB Chain Welcomes New Projects in DeFi, AI, and Web3 Gaming
defi

BNB Chain Welcomes New Projects in DeFi, AI, and Web3 Gaming

BNB Chain introduces new projects in DeFi, AI, and Web3 gaming from June 23 to June 30, enhancing its ecosystem.

Composability Labs Unveils Spark: A High-Speed Onchain CLOB Leveraging Polygon (MATIC) Miden
defi

Composability Labs Unveils Spark: A High-Speed Onchain CLOB Leveraging Polygon (MATIC) Miden

Composability Labs introduces Spark, an innovative central limit order book (CLOB) utilizing Polygon (MATIC) Miden's state-minimization features to enhance DeFi efficiency.

BounceBit Unveils New Products and Campaigns for July 2024
defi

BounceBit Unveils New Products and Campaigns for July 2024

BounceBit announces the launch of two new products, Easy and Superfast, along with several lucrative campaigns for July 2024.

Cronos (CRO) Unveils zkEVM Pioneer Program to Reward Active Community Participation
defi

Cronos (CRO) Unveils zkEVM Pioneer Program to Reward Active Community Participation

Cronos (CRO) launches zkEVM Pioneer Program, enabling users to earn points through quests, fostering community engagement and ecosystem growth.

Brian Pak Sheds Light on Web3 Security Challenges and Innovations
defi

Brian Pak Sheds Light on Web3 Security Challenges and Innovations

Brian Pak of ChainLight discusses combating Web3 hacks and DeFi exploits, and the role of law enforcement in securing the crypto ecosystem.

Taiko Launches DeFi Challenge in Trailblazers Campaign
defi

Taiko Launches DeFi Challenge in Trailblazers Campaign

Taiko's Trailblazers campaign introduces the Trail 4 challenge, encouraging participants to engage with DeFi protocols and earn the Master Faction Badge.

CoinGecko Report: Crypto Market Declines 14.4% in Q2 2024 Amid Key Developments
defi

CoinGecko Report: Crypto Market Declines 14.4% in Q2 2024 Amid Key Developments

CoinGecko's Q2 2024 report reveals a 14.4% decline in the crypto market, with Bitcoin's halving, mining hash rate drop, and trading volume shifts.

OKX Ventures Backs zkLink to Enhance Liquidity with Aggregated Rollups
defi

OKX Ventures Backs zkLink to Enhance Liquidity with Aggregated Rollups

OKX Ventures has invested in zkLink, aiming to unify liquidity across various blockchain ecosystems with its Aggregated Layer 3 zkEVM network.

OKX Ventures Invests in Lombard to Enhance Bitcoin (BTC) Restaking Ecosystem
defi

OKX Ventures Invests in Lombard to Enhance Bitcoin (BTC) Restaking Ecosystem

OKX Ventures announces investment in Lombard to transform Bitcoin into a dynamic financial asset with LBTC, enhancing utility and liquidity.

Manta Foundation Allocates Treasury to wUSDM, Backed by BlackRock’s BUIDL Fund
defi

Manta Foundation Allocates Treasury to wUSDM, Backed by BlackRock’s BUIDL Fund

Manta Foundation strategically allocates its stable crypto assets to wUSDM, supported by BlackRock's BUIDL Fund, enhancing financial security within the Manta Network ecosystem.

Tezos Foundation Awards Grants to Innovative Projects Across DeFi and Gaming
defi

Tezos Foundation Awards Grants to Innovative Projects Across DeFi and Gaming

Tezos Foundation announces grants for projects in DeFi, gaming, and more for May and June 2024, enhancing its blockchain ecosystem.

Stellar (XLM) Unveils Soroban: A Developer-Focused Smart Contract Platform
defi

Stellar (XLM) Unveils Soroban: A Developer-Focused Smart Contract Platform

Stellar (XLM) introduces Soroban, a smart contract platform emphasizing performance, sustainability, and security for scalable DeFi applications.

BNB Chain Introduces New Projects for Mid-July 2024
defi

BNB Chain Introduces New Projects for Mid-July 2024

Explore the latest projects onboarded by BNB Chain from July 8th to July 14th, including innovations in DeFi, AI, and Web3 gaming.

Binance Research Reports 37.3% Growth in Crypto Market for H1 2024
defi

Binance Research Reports 37.3% Growth in Crypto Market for H1 2024

Binance Research reveals a 37.3% growth in the crypto market for the first half of 2024, driven by strong performance in Layer-1s, DeFi, and stablecoins.

BNB Chain Announces $250K 'Train Like a Champion' Challenge
defi

BNB Chain Announces $250K 'Train Like a Champion' Challenge

BNB Chain launches the 'Train Like a Champion' challenge with a $250K prize pool, timed with the 2024 Summer Olympics.

DeepBook Enhances DeFi Protocols with Superior Liquidity and Speed
defi

DeepBook Enhances DeFi Protocols with Superior Liquidity and Speed

DeepBook's deep liquidity, quick execution, and ease of integration give Sui DeFi protocols a competitive edge.

Yearn.Finance Founder Andre Cronje Gets Sued Over Eminence Project Hack Amid Receiving Death Threats
defi

Yearn.Finance Founder Andre Cronje Gets Sued Over Eminence Project Hack Amid Receiving Death Threats

Andre Cronje has also recently been sued over his unfinished Eminence Finance (EMN) project, which has been hacked.

DeFi TVL Surges to $55.365 Billion, Lido Finance Peaks at $22 Billion
defi

DeFi TVL Surges to $55.365 Billion, Lido Finance Peaks at $22 Billion

Global DeFi TVL reached $55.34 billion in 24 hours, with decentralized exchanges leading volume and Lido Finance reaching a $22 billion milestone, indicating robust DeFi sector growth.

Euler Finance hacker returns $5.4M
defi

Euler Finance hacker returns $5.4M

The hacker who drained $197 million from Euler Finance in the biggest DeFi hack of 2023 so far reportedly returned around $5.4 million in Ether to the company. The funds were sent in three transactions from the hacker's address to Euler Finance's deployer address, but it remains to be seen if the hacker will return the rest of the stolen funds.

DeFi Trails Broader Market Uptrend to Hit New TVL at $223 Billion
defi

DeFi Trails Broader Market Uptrend to Hit New TVL at $223 Billion

The Total Value Locked (TVL) in DeFi protocols have crossed the biggest range in history as it is trading at its highest value of $223 billion.

Maple Finance Loans $300m to help Struggling Bitcoin Miners
defi

Maple Finance Loans $300m to help Struggling Bitcoin Miners

The lending fund is designed to support crypto mining firms impacted by the market downturn.

DeFi Investing Platform Zerion Raises $8.2M in Series A Funding Led by Mosaic Ventures
defi

DeFi Investing Platform Zerion Raises $8.2M in Series A Funding Led by Mosaic Ventures

San Francisco -based Decentralized finance (DeFi) investing app -Zerion announced to complete a Series A funding with a total value of $8.2 million Wednesday.

Polygon Announces Beta Launch of Zero-Knowledge Ethereum Virtual Machine
defi

Polygon Announces Beta Launch of Zero-Knowledge Ethereum Virtual Machine

Polygon's zkEVM Ethereum scaling solution will deploy on mainnet beta March 27.

Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced
defi

Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced

Input Output Hong Kong (IOHK) has just announced a new partnership that would enable the first decentralized finance (DeFi) project on the network.

DeFi TVL Remains Flat as Crypto Market Shrugs Off Another Bearish Weekend
defi

DeFi TVL Remains Flat as Crypto Market Shrugs Off Another Bearish Weekend

Total Value Locked in DeFi remains slightly indifferent as the market saw a bullish opening to the new week.

Memecoins Dominate Q1 2024 Crypto Market Returns, Followed by DeFi and DePIN
defi

Memecoins Dominate Q1 2024 Crypto Market Returns, Followed by DeFi and DePIN

In Q1 2024, crypto narratives experienced impressive returns, with memecoins leading the pack with an average return of 1312.6%, followed by RWA and AI.

Crypto and NFT Communities Respond to Turkish Earthquake Relief Efforts
defi

Crypto and NFT Communities Respond to Turkish Earthquake Relief Efforts

Many firms in the field have donated funding, on-the-ground help, and even future NFT charity efforts.

Despite the attacker borrowing 100 million BEUR
defi

Despite the attacker borrowing 100 million BEUR

Damage estimates were $120 million.

SushiSwap Deploys Contracts to Five New Networks as Ethereum Gas Fees Surge
defi

SushiSwap Deploys Contracts to Five New Networks as Ethereum Gas Fees Surge

SushiSwap has deployed its contracts to five new networks. What should be expected of SUSHI's price in the next few days?

Ethereum Total Liquidity in DeFi Protocols Climbs to $90.7B, Despite Price Slip
defi

Ethereum Total Liquidity in DeFi Protocols Climbs to $90.7B, Despite Price Slip

The dominance of Ethereum in the DeFi ecosystem continues to gain steam because total value locked (TVL) in this space surged by 14.43% to hit $90.7 billion.

Mango Markets DEX Raises $70M through MNGO Tokens Sale
defi

Mango Markets DEX Raises $70M through MNGO Tokens Sale

Mango Markets decentralized exchange (DEX) has raised around $70 million through its MNGO tokens sale.

Yearn.finance Appeals to Arbitrage Traders for $1.4 Million in Recovery Funds After Multisig Error
defi

Yearn.finance Appeals to Arbitrage Traders for $1.4 Million in Recovery Funds After Multisig Error

Yearn.finance seeks the return of $1.4 million from traders after a multisignature scripting error drained its treasury.

Sky-High Transaction Fees are Driving NFT Users Away from Ethereum, says JPMorgan
defi

Sky-High Transaction Fees are Driving NFT Users Away from Ethereum, says JPMorgan

A decreased return in Ethereum's NFT market share is attributed to congestion and high gas fees.

US SEC Boss Gary Gensler Calls to Regulate DeFi Projects
defi

US SEC Boss Gary Gensler Calls to Regulate DeFi Projects

The US Securities and Exchange Commission Chairman Gary Gensler is pushing to regulate the decentralized finance (DeFi) landscape. He recently said that DeFi is adequately organized and therefore needs regulatory compliance.

Crypto Leaders' Stance on DCCPA Bill Polarised, Not Everyone Buying It
defi

Crypto Leaders' Stance on DCCPA Bill Polarised, Not Everyone Buying It

After much criticism following his support of the uploaded DCCPA bill, FTX CEO Sam Bankman-Fried has again taken to Twitter to explain further on the bill.

1INCH Sets New All-Time High as Token Launches on Coinbase Pro
defi

1INCH Sets New All-Time High as Token Launches on Coinbase Pro

With the decentralized finance boom, many projects have emerged in the DeFi market. 1INCH stands out among them.

BNB Smart Chain's Remarkable 85% Security Triumph in 2023
defi

BNB Smart Chain's Remarkable 85% Security Triumph in 2023

BNB Smart Chain's security enhancements in 2023 led to an 85% reduction in financial losses from security incidents, a striking contrast to the previous year's $1.1 billion losses.

NFT OASIS Receives $4.4M in Financing to Integrate DeFi and VR for NFT Creators
defi

NFT OASIS Receives $4.4M in Financing to Integrate DeFi and VR for NFT Creators

California-based NFT decentralized platform NFT Oasis announced that it has received the first round of funding from $4.4M, aiming to combine VR and DeFi to art creators with more creative freedom, commercial control, and financial success.

Ripple CTO Advocates for Community Consensus on XRP Ledger's AMM Feature Integration
defi

Ripple CTO Advocates for Community Consensus on XRP Ledger's AMM Feature Integration

Ripple's CTO, David Schwartz, stresses the importance of community consensus for integrating the Automated Market Maker (AMM) feature on the XRP Ledger. Through discussions on X (formerly Twitter), Schwartz outlines a methodical approach to addressing concerns and urges validators to support the amendment only after achieving community agreement. The AMM feature, seen as a significant stride in decentralized finance on XRPL, was introduced in rippled version 1.12.0 alongside a potential clawback feature aimed at legal liability protection for developers. Schwartz's engagement exemplifies a balanced approach to evolving XRPL while preserving its decentralized character.

Singapore Regulator MAS is Exploring Use of Cases in Digital Assets
defi

Singapore Regulator MAS is Exploring Use of Cases in Digital Assets

The Monetary Authority of Singapore (MAS) has launched Project Guardian, a sandbox initiative that is set to explore a number of defined use cases with respect to asset tokenization on the blockchain.

Peertec Joins Hands with Penta Security for Blockchain-Enabled Infrastructural Security
defi

Peertec Joins Hands with Penta Security for Blockchain-Enabled Infrastructural Security

Peertec, a leading blockchain-focused fintech firm, has revealed its strategic collaboration with Penta Security, a highly valued web and data security company. The partnership is expected to boost Peertec’s infrastructure security using blockchain technology. The safety of its GDAC cryptocurrency exchange and services is also expected to be strengthened.

ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support
defi

ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support

ZetaChain and Curve Finance have partnered to introduce native Bitcoin support for cross-chain swaps and omnichain asset pools, enhancing asset management efficiency across blockchains.

Sygnum Bank Becomes the First Bank to Provide ETH 2.0 Pledge Service
defi

Sygnum Bank Becomes the First Bank to Provide ETH 2.0 Pledge Service

The world's first digital asset bank Sygnum Bank announced to be the first bank to accept the pledge of Ethereum 2.0 from its customers.

Russian Crypto Startup InDeFi to Launch Ruble Stablecoin following DAI Model
defi

Russian Crypto Startup InDeFi to Launch Ruble Stablecoin following DAI Model

The new stablecoin project has no connection with the Bank of Russia’s digital ruble. The stablecoin will be pegged to ruble fiat currency.

Uniswap Reaches $3 Billion in TVL, Anticipates Community Call to Deliberate Liquidity Mining Rewards
defi

Uniswap Reaches $3 Billion in TVL, Anticipates Community Call to Deliberate Liquidity Mining Rewards

The Uniswap community has set a community meeting to discuss the network’s liquidity mining rewards program, as it is about to end in a week.

Chainlink Unveils Constellation: A Grand Hackathon Event
defi

Chainlink Unveils Constellation: A Grand Hackathon Event

Chainlink announces its largest hackathon, Constellation, from November 8 to December 10, 2023, with a $350,000 prize pool across seven core tracks. This event follows the trajectory of growth from Chainlink's inaugural hackathon in 2020. The hackathon is open to Web3 engineers of all experience levels and covers a broad spectrum of blockchain applications. It not only serves as a competition but a learning platform offering extensive educational resources and technical support to participants.

DeFi Platform Space and Time Pulls $10m in Series A Funding
defi

DeFi Platform Space and Time Pulls $10m in Series A Funding

DeFi startup Space and Time has secured $10 million in a Series A funding round as the firm seeks to develop its one-in-a-kind cryptographic protocol called proof-of-SQL.

Ethereum Price Could Double In Next Two Weeks says Analyst as ETH Whales Accumulate
defi

Ethereum Price Could Double In Next Two Weeks says Analyst as ETH Whales Accumulate

As Ethereum whales accumulate some analysts expecting the ETH price to double in the next two weeks.

Shapeshift Migrate Users to Open-Source Mobile App Boosting Decentralization
defi

Shapeshift Migrate Users to Open-Source Mobile App Boosting Decentralization

Shapeshift has now created a new open-source app to which users will have to migrate, to take additional steps into complete decentralization.

Maker Hits a New All-Time High Close to the $5,000 Mark
defi

Maker Hits a New All-Time High Close to the $5,000 Mark

Maker has grown nearly eight-fold since the beginning of this year. It hit a record high of $4,995 today, breaking the $4,500 mark in one clean swoop.

Integration of Credit Card with Digital Currencies,  Bringing Crypto from Hype to Mainstream
defi

Integration of Credit Card with Digital Currencies, Bringing Crypto from Hype to Mainstream

Financial giants MasterCard and Visa are expanding at a fast pace and beginning to explore Bitcoin and other cryptocurrencies.

Injective Raises $40m Funding to Expand DeFi Applications
defi

Injective Raises $40m Funding to Expand DeFi Applications

Injective is investing in the future of financial technology by creating avenues for diversified and equitable access to financial freedom.

Metis Launches Decentralized Liquid Staking in Layer 2 Revolution
defi

Metis Launches Decentralized Liquid Staking in Layer 2 Revolution

Metis is launching the Liquid Staking Blitz, a decentralized sequencer initiative, to boost the growth of Liquid Staking Derivatives within its ecosystem, enhancing network security and governance.

Axie Infinity's Home Ronin Network Suffers Over $600m in another DeFi Hack
defi

Axie Infinity's Home Ronin Network Suffers Over $600m in another DeFi Hack

The Ronin Network has suffered what is being tagged as the largest hack in the history of Decentralized Finance (DeFi) which funds in excess of $625 million carted away by the hackers.

Yearn.finance (YFI) Sees Massive Price Spike, Analyst says a Bubble is not Possible in the New Paradigm
defi

Yearn.finance (YFI) Sees Massive Price Spike, Analyst says a Bubble is not Possible in the New Paradigm

Yearn.finance (YFI) price has been surging in the past week, as the cryptocurrency market has seen massive bullish momentum as Bitcoin led the way.

Thailand's SEC Eyes on Decentralized Finance
defi

Thailand's SEC Eyes on Decentralized Finance

Thai financial authority turn their eyes to decentralized finance regulation by requesting future DeFi-related activities to get appropriate licenses.

Aave Price Surges 76% in One Week, DeFi Tokens to Move Higher as Institutional Adoption Increases
defi

Aave Price Surges 76% in One Week, DeFi Tokens to Move Higher as Institutional Adoption Increases

Aave (AAVE), one of the leading cryptocurrencies in the DeFi sector has seen its price reversal surge up to 76 percent in the past week.

Total Value Locked in DeFi on Ethereum Crosses $100 Billion as ETH Address Profitability Clocks 100%
defi

Total Value Locked in DeFi on Ethereum Crosses $100 Billion as ETH Address Profitability Clocks 100%

The total value locked (TVL) in DeFi on the Ethereum network breached the $100 billion mark as demand continues to soar.

US Senate Introduces DEFIANCE Act to Combat AI-Generated Nonconsensual Deepfakes
defi

US Senate Introduces DEFIANCE Act to Combat AI-Generated Nonconsensual Deepfakes

The US Senate has proposed the DEFIANCE Act in response to the increasing spread of AI-created, nonconsensual explicit imagery, exemplified by recent deepfake incidents involving Taylor Swift. This bill aims to provide legal recourse for victims and criminalize the production and distribution of such content.

Ethereum staking service Rocket Pool reaches $1 billion in total value
defi

Ethereum staking service Rocket Pool reaches $1 billion in total value

Decentralized network operators get 7.26% annually.

DeFiChain Becomes One of the First Blockchains to Fully Integrate Euro Coin, a Euro-backed Stablecoin
defi

DeFiChain Becomes One of the First Blockchains to Fully Integrate Euro Coin, a Euro-backed Stablecoin

DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, has announced the debut of the Euro-backed stablecoin Euro Coin (EUROC) on its native blockchain. DeFiChain is one of the first blockchains to fully integrate a Euro-backed stablecoin.

DeFi’s Smart Contract Risks: Cream Finance’s Input Error Led to CREAM Token Plunging 25%
defi

DeFi’s Smart Contract Risks: Cream Finance’s Input Error Led to CREAM Token Plunging 25%

The DeFi sector has attracted millions to billions of dollars worth of crypto to the industry, however, some protocols have shown issues.

Ethereum Breaks Past $2,000 for the First Time as DeFi's Total Revenue Hits $800 Million
defi

Ethereum Breaks Past $2,000 for the First Time as DeFi's Total Revenue Hits $800 Million

Ethereum (ETH) is on fire as it continues making record-breaking moves. Ether has broken the record by surging past the $2,000 mark across major exchanges.

Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government
defi

Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government

The Japan Blockchain Association (JBA), led by Representative Director Yuji Kano of bitFlyer, submitted a proposal for cryptocurrency tax reforms to the government on July 28, 2023.

Chainlink DeFi Token Soars; DeFi Booms, But Poll Indicates Many Still Don’t Understand It
defi

Chainlink DeFi Token Soars; DeFi Booms, But Poll Indicates Many Still Don’t Understand It

As of now, the decentralized finance (DeFi) industry is valued at $6 billion in value.

Uniswap (UNI) Momentum Fades, Chainlink (LINK) Faces Correction as Selling Pressure Takes Over
defi

Uniswap (UNI) Momentum Fades, Chainlink (LINK) Faces Correction as Selling Pressure Takes Over

The UNI token reached its all-time high of $8.50 before shortly facing a correction, which led to the cryptocurrency’s price plunge to $3.93, as of press time.

1inch Launches Wallet on Apple iOS App Store
defi

1inch Launches Wallet on Apple iOS App Store

1inch, a decentralized exchange aggregator operating on both Ethereum and Binance Smart Chain, launched its wallets on Apple iOS this Tuesday.

Polkadot’s Treasury Built as a Significant Step Towards the Vision of a Decentralized Internet
defi

Polkadot’s Treasury Built as a Significant Step Towards the Vision of a Decentralized Internet

Polkadot has recently established a new decentralized platform—Polkadot Treasury, to fund projects.

Two suspects have been arrested by the French police in connection with Platypus
defi

Two suspects have been arrested by the French police in connection with Platypus

French authorities apprehended two individuals in Platypus' $9.1 million exploit.

Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack
defi

Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack

Pickle Finance becomes the latest DeFi Protocol to suffer from hacking, losing almost $20 million in DAI stablecoin.

Ethereum Blockchain Now Has $2 Billion in Bitcoin as BTC Fever Taking Over DeFi Investors
defi

Ethereum Blockchain Now Has $2 Billion in Bitcoin as BTC Fever Taking Over DeFi Investors

Currently, Ethereum holds more than $2 billion worth of Bitcoin on its blockchain, as investors are getting creative with BTC and anticipating its next bull run.

DeFi Remains One of The Biggest Losers in H1
defi

DeFi Remains One of The Biggest Losers in H1

The crypto winter is almost wearing off based on several indices, and looking back to the outlook in H1, the ecosystem of DeFi can be tagged as one of the biggest losing sectors in the industry.

DeFi Liquidity Project Paradigm Labs Shuts Down, Unable to Find Niche in DEX Ecosystem
defi

DeFi Liquidity Project Paradigm Labs Shuts Down, Unable to Find Niche in DEX Ecosystem

The ambitious DeFi liquidity project, Paradigm labs are shutting down its operations citing an inability to build a resilient business within the DEX ecosystem.

Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High
defi

Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High

Ethereum users have a sigh of relief because median fees have dropped to $5.50 per transaction from highs of $34.18 last month.

Sui Network Redirects Additional 40M SUI, Totaling 157 Million
defi

Sui Network Redirects Additional 40M SUI, Totaling 157 Million

The Sui Foundation has redirected an additional 40 million SUI tokens towards ecosystem and community development, adding to the previous 117 million SUI, making a total of 157 million SUI. This reallocation aims to bolster the DeFi ecosystem of Sui Network, which has shown a significant uptick in total value locked, marking over 100% increase in the last two months. The initiative follows a series of remarkable achievements by Sui, underscoring its commitment to fostering a robust ecosystem for decentralized applications and financial protocols.

DeFi Derivatives Platform SynFutures Raises $14M in Series A Funding Led by Polychain
defi

DeFi Derivatives Platform SynFutures Raises $14M in Series A Funding Led by Polychain

Singapore-based DEFI derivatives EXCHANGE-SynFutures announced Wednesday a Series A funding completed with a total value of $14 million.

Nexus Mutual Enters Bancor’s DAO Ecosystem to Generate Protocol-Owned Liquidity
defi

Nexus Mutual Enters Bancor’s DAO Ecosystem to Generate Protocol-Owned Liquidity

To gain durable decentralized liquidity, Nexus Mutual, an Ethereum-based insurance platform, staked treasury funds worth $2 million in the form of wrapped NXM (wNXM) tokens in decentralized trading protocol Bancor.

Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket
defi

Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket

Arbitrum-based algorithmic stablecoin startup Hope Finance loses $2 million to a smart contract attack.

Circle Rolls Out Native USDC on the Celo Blockchain, Expanding Stablecoin Access
defi

Circle Rolls Out Native USDC on the Celo Blockchain, Expanding Stablecoin Access

Circle has integrated USDC directly onto the Celo blockchain, enabling faster and cheaper transactions with its native stablecoin. This aligns with Circle and Celo's shared mission of increasing financial access.

Polkadot Synthetic Asset Protocol Tapio Acquires $4m in Funding
defi

Polkadot Synthetic Asset Protocol Tapio Acquires $4m in Funding

Tapio protocol, on Monday, announced it had raised a total of $4 million in funding from Polychain, Hypersphere, and Arrington to usher a unified liquidity standard to Polkadot.

Is Tezos' NFT Reawakening Enough to Sustain its Current Price Uptrend?
defi

Is Tezos' NFT Reawakening Enough to Sustain its Current Price Uptrend?

Tezos (XTZ) printed a new ATH over the weekend, rising on the back of its ongoing NFT rejuvenation.

Binance Labs Invests in nLRP Puffer for Enhanced Ethereum Staking
defi

Binance Labs Invests in nLRP Puffer for Enhanced Ethereum Staking

Binance Labs, Puffer, Ethereum Staking, DeFi, Liquid Restaking, EigenLayer, Blockchain Innovation, Decentralization, Cryptocurrency Investment, DeFi Development

Ethereum Launches ETH 2.0 Multiclient Testnet - Medalla
defi

Ethereum Launches ETH 2.0 Multiclient Testnet - Medalla

Ethereum software developers proudly launched the blockchain project they have been perfecting these past few months, the Ethereum 2.0 multiclient testnet, Medalla.

Winklevoss Backs Ethereum DeFi Craze, Despite Crypto Downtrend and Market Experts' Concerns
defi

Winklevoss Backs Ethereum DeFi Craze, Despite Crypto Downtrend and Market Experts' Concerns

With speculations that the decentralized finance (DeFi) industry is rapidly approaching bubble territory, the Winklevoss twins have vouched for the contrary, saying that the current DeFi craze is a revolution in the making.

PancakeSwap's CAKE Token Skyrockets by Over 50%
defi

PancakeSwap's CAKE Token Skyrockets by Over 50%

PancakeSwap's CAKE token experienced a 50% surge in a week, thanks to strategic token burn and a new supply cap proposal, marking a significant DeFi milestone.

FATF Updates its Guidance to Service Providers to Include DeFi
defi

FATF Updates its Guidance to Service Providers to Include DeFi

The Financial Action Task Force (FATF) has updated its guidance governing Virtual Assets and Virtual Asset Service Providers (VASPs) with the inclusion of decentralized finance (DeFi).

Five Reasons Behind Ethereum's Rally to Top $3000
defi

Five Reasons Behind Ethereum's Rally to Top $3000

Ethereum broke the $3,000 mark after a rocky April. Its market capitalization now surpasses that of the Bank of America.

Ethereum Devs Launch Spadina Testnet, What Needs to be Perfected for ETH 2.0?
defi

Ethereum Devs Launch Spadina Testnet, What Needs to be Perfected for ETH 2.0?

Ethereum developers have launched a short-term testnet, dubbed Spadina, in preparation for Ethereum 2.0 mainnet.

Listed DeFi Company AQRU unveils Crypto-collateralized Lending Service
defi

Listed DeFi Company AQRU unveils Crypto-collateralized Lending Service

UK-Based DeFi firm, ARQU has launched BlockLender to give clients access to crypto credits

BlockSec Launches Phalcon Fork for Private Chain Collaborative Testing
defi

BlockSec Launches Phalcon Fork for Private Chain Collaborative Testing

Blockchain security firm BlockSec has launched the Phalcon Fork toolkit for collaborative testing on private chains forked from the Ethereum mainnet. The toolkit provides more control for developers over testing, analysis, and debugging of transactions, while retaining services and states from the Ethereum mainnet. It also includes an integrated faucet for free fork network Ether (ETH) and Fork RPC for integration with Ethereum Virtual Machine-compatible development frameworks.

Scallop Protocol Secures $3 Million Funding
defi

Scallop Protocol Secures $3 Million Funding

Scallop Protocol, a leading DeFi platform on Sui Network, successfully raises $3M in strategic investment round for expansion.

How Does MakerDAO Stay Compliant on over 400 Global Partnerships?
defi

How Does MakerDAO Stay Compliant on over 400 Global Partnerships?

MakerDao has over 400 global partnerships active throughout the world. So how does Maker manage to remain compliant with users in over 120 separate and specifically financially regulated jurisdictions?

SushiSwap CEO Proposes New Token Model
defi

SushiSwap CEO Proposes New Token Model

SushiSwap's CEO, Jared Grey, is leading a community proposal to revamp the platform's tokenomics, aiming to improve reward efficiency, recalibrate incentives, and diversify revenue streams.

SushiSwap Receives 130,000 UNI Tokens from Uniswap, Crypto Community Outraged
defi

SushiSwap Receives 130,000 UNI Tokens from Uniswap, Crypto Community Outraged

Decentralized exchange platform Uniswap just launched its own governance token UNI today, and 130,000 UNI tokens were gifted to its hard fork SushiSwap.

SNX and AAVE Prices Remain Stable Amid Bitcoin Driven Market Dip
defi

SNX and AAVE Prices Remain Stable Amid Bitcoin Driven Market Dip

Despite the ongoing market correction, DeFi tokens Synthetix Network Token and Aave maintains stable price momentums.

OKEx Launches DeFi Hub with Integrated NFT Marketplace
defi

OKEx Launches DeFi Hub with Integrated NFT Marketplace

OKEx has launched a DeFi Hub with an integrated NFT Marketplace.

Jul 13 Trading Analysis: Dont confuse the lack of volatility with stability
defi

Jul 13 Trading Analysis: Dont confuse the lack of volatility with stability

BTC has been relatively unaspiring this weekend as ALTs continue to steal the limelight with LINK, Tezos, and Defi names making good gains. For example, ChainLink has hit an all-time high over the weekend with the market pundits citing near record network usage and mainstream adoption (over 45 partners since April). Strategy: Continue to load up BTC options 8-8.5k puts,,,,,

Skolem Raises $20m in Series A Funding to Enable Institutions Access DeFi
defi

Skolem Raises $20m in Series A Funding to Enable Institutions Access DeFi

The fundraise shows Skolem’s commitment to developing an easy way for institutions to access DeFi services, enabling firms to easily and reliably access new markets powered by decentralized finance.

Cypher Capital Rolls Out Worth $100m Blockchain and Digital Assets Fund
defi

Cypher Capital Rolls Out Worth $100m Blockchain and Digital Assets Fund

To expand the blockchain ecosystem, UAE-based venture capital firm Cypher Capital has launched a $100 million seed fund with a special interest in digital asset investments.

Uniswap v3 Protocol to Be Deploy to BNB Chain
defi

Uniswap v3 Protocol to Be Deploy to BNB Chain

80% of Uniswap users opted for BNB Chain's third decentralised exchange system. A "temperature check" determined community support. Five to seven weeks are needed to implement smart contracts.

Is Ethereum the Future of DeFi? Scalability and Cost Issues Open Door for Cardano and Polkadot
defi

Is Ethereum the Future of DeFi? Scalability and Cost Issues Open Door for Cardano and Polkadot

As Ethereum continues to struggle with scalability and cost—traders continue to question the limitations of the Ethereum network and whether it really is the future of Defi.

DeFi Reaches Record High of $13.7 Billion in Total Value Locked
defi

DeFi Reaches Record High of $13.7 Billion in Total Value Locked

The decentralized finance sector has reached a new all-time high of $13.69 billion in total value locked (TVL).

Yearn Finance (YFI) Sees New All-Time High at $18K—Why is this DeFi Token Valued Higher than Bitcoin?
defi

Yearn Finance (YFI) Sees New All-Time High at $18K—Why is this DeFi Token Valued Higher than Bitcoin?

Yearn.finance (YFI) token has seen a new all-time high, surging past $18K at $18,169, after soaring 30 percent in the past 12 hours.

Chainlink (LINK) Price Set to Reach New Highs This Quarter When Staking Goes Live
defi

Chainlink (LINK) Price Set to Reach New Highs This Quarter When Staking Goes Live

The oracle-based cryptocurrency has rallied to new highs, surging by over 9% in the past 24 hours, and over 40% in the past week.

Cardano Will Outperform Ethereum 2.0 in DeFi Says Hoskinson as ADA Price Surges
defi

Cardano Will Outperform Ethereum 2.0 in DeFi Says Hoskinson as ADA Price Surges

CEO Charles Hoskinson doubts the Ethereum 2.0 upgrade will result in higher throughput, better scalability, and more security highlighting Cardano’s superior design for DeFi.

Cryptocurrency Soars in Q1 2023
defi

Cryptocurrency Soars in Q1 2023

CoinGecko's Q1 2023 Crypto Industry Report shows Bitcoin as the best-performing asset, with a gain of 72.4%. DeFi and NFTs have also surged, while stablecoins saw a drop in market cap due to Binance USD shutdown and USDC depeg. The overall market capitalization reached $1.2 trillion at the end of Q1.

Ways DeFi is Changing Finance and its Stand in 2020
defi

Ways DeFi is Changing Finance and its Stand in 2020

Decentralized finance (DeFi) is the bridge between traditional centralized currency and decentralized cryptocurrencies like Bitcoin, Ethereum. Here's how it's changing finance.

Emerging Web3.0 Protocol Aligned Secures $34M in Venture Funding
defi

Emerging Web3.0 Protocol Aligned Secures $34M in Venture Funding

Aligned has announced it has secured the sum of $34 million from investors as it seeks to advance the reach of the emerging Web3.0 world.

Ondo Points Program Launches
defi

Ondo Points Program Launches

Ondo Foundation's new Ondo Points program and ONDO token unlock plan mark significant steps in community engagement and token utility in the DeFi sector.

Controversial Entrepreneur Sifu is Back with New DeFi Lending Protocol Forked from Aave
defi

Controversial Entrepreneur Sifu is Back with New DeFi Lending Protocol Forked from Aave

Sifu was the co-founder of the defunct Canadian crypto exchange QuadrigaCX and he has been implicated with several fraudulent deals in the past.

Uniswap Surpasses $2 Billion in Total Value Locked Amid KuCoin Hacker Dumping on the DEX
defi

Uniswap Surpasses $2 Billion in Total Value Locked Amid KuCoin Hacker Dumping on the DEX

Decentralized exchange platform Uniswap, recently became the first decentralized finance (DeFi) protocol to surpass $2 billion in total value locked (TVL).

MAS Launches First DeFi Pilot Tests with Polygon and Aave
defi

MAS Launches First DeFi Pilot Tests with Polygon and Aave

The Monetary Authority of Singapore has completed a pilot test on DeFi using Polygon and Aave

Jul 17 Trading Analysis: Even the best pandemic stock couldn't move the needle on earnings
defi

Jul 17 Trading Analysis: Even the best pandemic stock couldn't move the needle on earnings

BTC continues to snooze while ALTs continue to put on their dancing shoes with some DeFi names tracking double digit gains on a daily basis this week. If DeFi isn't enough, payments segment is also getting a bid on with Stellar making an announcement that they will be made available on Samsung mobile phones. So what if crypto celebrities and company twitter accounts got hacked, Bitcoin just had another free advertising campaign courtesy of these hackers. Bank of Thailand is also making greater progress in its central bank digital currency as it heads into Phase 3.

Euler Finance suffers $197M DeFi hack
defi

Euler Finance suffers $197M DeFi hack

Decentralized finance (DeFi) protocol Euler Finance lost nearly $197 million in a flash loan attack on March 13, impacting more than 11 other DeFi protocols. The vulnerability remained on-chain for eight months despite a $1 million bug bounty in place. Euler Finance disabled the vulnerable etoken module and vulnerable donation function, and has reached out to security firms and the ETH security community to help with the investigation and recover the stolen funds.

DeFi Reaches $12 Billion in Total Value Locked as Ethereum Transacts 2X More Than Bitcoin Daily
defi

DeFi Reaches $12 Billion in Total Value Locked as Ethereum Transacts 2X More Than Bitcoin Daily

The growth of the DeFi industry has led to an explosive increase in popularity in Ethereum-compatible stablecoins.

Curve Founder Michael Egorov Withdraws Near 12 Million CRV Tokens
defi

Curve Founder Michael Egorov Withdraws Near 12 Million CRV Tokens

Michael Egorov, the founder of Curve Finance, withdrew nearly 12 million CRV tokens, equivalent to $5.08 million, from the platform's vesting contracts on October 12, 2023. This move aligns with the vesting schedule of CRV, enabling Egorov to claim $235,000 worth of CRV daily.

Yearn.finance (YFI) Takes a Hit After Eminence Finance (EMN) Bug—Is this the End for DeFi?
defi

Yearn.finance (YFI) Takes a Hit After Eminence Finance (EMN) Bug—Is this the End for DeFi?

Andre Cronje, the founder of Yearn.finance has recently deployed a series of new contracts relating to a new game called Eminence Finance.

MakerDAO Votes to Bring Another Commercial Bank Into Its Ecosystem
defi

MakerDAO Votes to Bring Another Commercial Bank Into Its Ecosystem

MakerDAO is voting on adding a commercial bank.

Bluzelle Launch Looms as Decentralized Storage Goes Mainstream
defi

Bluzelle Launch Looms as Decentralized Storage Goes Mainstream

Bluzelle, the decentralized data storage platform, is preparing for the launch of its mainnet on February 3, ushering in a new era for censorship-resistant data storage.

Crypto Bloodbath Spills to DeFi as TVL Nosedives
defi

Crypto Bloodbath Spills to DeFi as TVL Nosedives

The DeFi Total Value Locked (TVL) has also plunged in tandem, dropping to $83 billion at the time of writing.

DeFi Suffers $21M in Losses from Exploits
defi

DeFi Suffers $21M in Losses from Exploits

Decentralized finance (DeFi) platforms lost at least $21 million in February due to a series of exploits including flash loan reentrancy attacks, price oracle attacks, and other hacks across seven protocols. Noteworthy incidents included the reentrancy attacks on Platypus Finance and dForce network, the price oracle attack on BonqDAO, and the smart contract exploit on Hope Finance. These incidents follow a report by Chainalysis revealing that DeFi platforms lost $3.1 billion to hacks in 2022.

DeFi Execs Argue KYC as Solution to Combat Money Laundering in the Industry
defi

DeFi Execs Argue KYC as Solution to Combat Money Laundering in the Industry

DeFi executives at the WOW Summit in Hong Kong endorse KYC as a solution to tackle AML issues and combat hackers laundering stolen funds into clean money. However, there are concerns that KYC alone will not solve all AML problems and that different mechanisms should be used for different solutions.

Cream Finance Promise to Refund Stolen Funds in its $462M Protocol Exploit
defi

Cream Finance Promise to Refund Stolen Funds in its $462M Protocol Exploit

Cream Finance has plans to refund victims of its latest network attack.

DeFiChain To Sponsor the National Fighting Championship in Germany
defi

DeFiChain To Sponsor the National Fighting Championship in Germany

DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that its community has voted to sponsor the National Fighting Championship (NFC) this year. The NFC is the German version of the widely known UFC, in charge of the mixed martial arts (MMA) fighting league in Germany.

0x Protocol's API is Live on Polygon Network
defi

0x Protocol's API is Live on Polygon Network

0x Project officially announced that its API is officially integrated with Polygon. The launch of the DEX liquidity API aims to expand this vibrant ecosystem Polygon.

Thetanuts Finance Grabs $18M Funding Round to Democratize DeFi Structured Products
defi

Thetanuts Finance Grabs $18M Funding Round to Democratize DeFi Structured Products

Thetanuts Finance raised the investment through the help of major investors. The decentralized finance firm plans to use the funds raised to make DeFi structured products accessible to all users, including retail investors.

Zero-gas DeFi Ecosystem XODEX Launches its Testnet
defi

Zero-gas DeFi Ecosystem XODEX Launches its Testnet

The zero-fee DeFi Ecosystem XODEX has announced the launch of its XODEX testnet, which will allow developers to integrate and transition their code deployed on the XODEX mainnet to the final implementation.

Why PancakeSwap is Eating Uniswap’s Lunch
defi

Why PancakeSwap is Eating Uniswap’s Lunch

If you’ve been paying attention to the decentralized exchange (DEX) landscape recently, then you have almost certainly seen that PancakeSwap has emerged from seemingly nowhere to become one of the largest DEXes by trading volume.

CFTC Report Underscores DeFi Risks and Calls for Action
defi

CFTC Report Underscores DeFi Risks and Calls for Action

The CFTC report on DeFi underscores significant risks to the U.S. financial system, national security, and consumer protection, emphasizing the need for increased understanding, regulation, and collaboration in the sector.

Ethereum Killers: Emerging Smart Contract Platforms to Rival ETH Dominance
defi

Ethereum Killers: Emerging Smart Contract Platforms to Rival ETH Dominance

While Ethereum dominance in decentralized finance (DeFi) cannot be denied, rival smart contract platforms the Ethereum Killers note significant value growth as well.

Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024
defi

Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024

DeFi TVL nearly doubled in Q1 2024, reaching $98 billion, partly due to Ethereum's liquid restaking initiatives. However, a recent crypto market pullback has led to a decline to $86.6 billion.

Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem
defi

Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem

Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.

US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members
defi

US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members

A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.

Africa Blockchain University Partners with YIELD App to Enhance NFT Education
defi

Africa Blockchain University Partners with YIELD App to Enhance NFT Education

African artists are set to be enriched about the value they can get from the booming non-fungible tokens sector.

Yearn.finance Announces Partnership With Cream and New Lending Project: Stable Credit
defi

Yearn.finance Announces Partnership With Cream and New Lending Project: Stable Credit

Yearn.finance founder Andre Cronje has recently published details of an upcoming integration with Cream, a DeFi lending protocol.

Market Watch: Stock vs Crypto Performance, Tesla, Apple, Bitcoin and Ethereum Compared
defi

Market Watch: Stock vs Crypto Performance, Tesla, Apple, Bitcoin and Ethereum Compared

What it the correlation between crypto and the stock market? We analyze Nasdaq, Dow, Apple, Tesla, Microsoft, Bitcoin, Ethereum. Unlimited QE is the most important factor.

DeFi Platform Texture Secures $5M in Funds to Develop Yield Management Tools
defi

DeFi Platform Texture Secures $5M in Funds to Develop Yield Management Tools

DeFi protocol Texture Finance has tapped $5m in funding from P2P Capital amongst others.

Mango Labs Sues Avraham Eisenberg for $47 Million
defi

Mango Labs Sues Avraham Eisenberg for $47 Million

Mango Labs, the firm behind Mango Markets, has sued exploiter Avraham Eisenberg. The Jan. 25 complaint says Einseberg misused its platform for millions of dollars in cryptocurrency in 2022.

Total Bitcoin Locked in DeFi Spikes as Overall TVL Continues to Decline
defi

Total Bitcoin Locked in DeFi Spikes as Overall TVL Continues to Decline

As the Total Value Locked in DeFi plunges, Bitcoin investors appear to be saving their holdings in smart contracts amid price falloff.

DeFi Growth Could be Hindered if US Regulators Go After Decentralized Exchanges
defi

DeFi Growth Could be Hindered if US Regulators Go After Decentralized Exchanges

Recently many DeFi tokens have plunged drastically in the past few weeks, with Uniswap’s UNI token and Yearn.finance (YFI) plunging over 38 percent.

SushiSwap to Redirect Trading Fees to its treasury
defi

SushiSwap to Redirect Trading Fees to its treasury

SushiSwap will shortly transfer all trade fees to its treasury. 99.85% of voters "clawbacked" 10,936,284 unclaimed SUSHI ($14.8 million) tokens.

Crypto Market Onslaught Stretches to DeFi as TVL Slumps to $114bn
defi

Crypto Market Onslaught Stretches to DeFi as TVL Slumps to $114bn

With a broad-based caution being exercised by investors with regards to risk assets, there has been a massive outflow of funds from DeFi protocols as many investors anticipate calm to re-engulf the ecosystem.

Origin Protocol Puts $1 Million Bounty on Hacker As OUSD Stablecoin Loses Stability
defi

Origin Protocol Puts $1 Million Bounty on Hacker As OUSD Stablecoin Loses Stability

Origin has now announced a $1 million bounty reward for anyone who can bring the hacker responsible for destabilizing its stablecoin to justice.

PwC Global Crypto Leader Henri Arslanian on the Future of the Crypto Ecosystem
defi

PwC Global Crypto Leader Henri Arslanian on the Future of the Crypto Ecosystem

Henri Arslanian, the PwC Global Crypto Leader, Chairman of the FinTech Association of Hong Kong, is the highest-profile FinTech consultant in Hong Kong according to Chambers Global. Blockchain.News interviewed Arslanian at the Asian Financial Forum held in Hong Kong earlier this month, where he was invited to speak on the development of FinTech. The Asian Financial Forum brought over 3,500 speakers and influential financial experts, policymakers, and business leaders.  

ShapeShift Responds to Elizabeth Warren
defi

ShapeShift Responds to Elizabeth Warren

Shapeshift responded to Senator Warren's Valentine's Day Senate hearing statements on Twitter on Feb. 19.

Aevo Announces 30M $AEVO Airdrop with Rewards for Active and New Users
defi

Aevo Announces 30M $AEVO Airdrop with Rewards for Active and New Users

Aevo, a burgeoning name in the decentralized finance (DeFi) landscape, has just announced a significant airdrop event, scheduled for March 13, 2024.

Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy
defi

Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy

In the Genesis Global bankruptcy case, unsecured creditors have a seven-member committee.

AAVE Price Analysis: AAVE Fails To Sustain Support At $200
defi

AAVE Price Analysis: AAVE Fails To Sustain Support At $200

Aave price has dropped below the $200 support level it has held for days. Technical indicators show that more imminent dips are likely.

Fundraising by Crypto Companies Accounts for $8.2B in Q3
defi

Fundraising by Crypto Companies Accounts for $8.2B in Q3

A study says that as cryptocurrencies continue gaining steam, crypto companies raised capital worth $8.2 billion in the third quarter of 2021.

Total Value Locked in DeFi Jumps to $208 Billion with Ethereum Taking the Lion’s Share
defi

Total Value Locked in DeFi Jumps to $208 Billion with Ethereum Taking the Lion’s Share

According to DefiLlama, a ranking and metrics provider for DeFi protocols, the total value locked (TVL) in this sector stands at $208.03 billion.

Altcoin Price Analysis: XRP and AAVE
defi

Altcoin Price Analysis: XRP and AAVE

This piece analyzes the short-term price actions and momentum of XRP token and Aave protocol.

The DeFi space is on a path of steady recovery as good actors
defi

The DeFi space is on a path of steady recovery as good actors

Yearn.finance, MakerDAO, SushiSwap, and Aave were among 30 protocols engaged.

DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes
defi

DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes

Harvest Finance is taking the offensive against an alleged attacker who exploited the DeFi protocols liquidity pools—putting a $100K bounty on the hacker.

Cosmos Hub Postpones Vote Date On New Security Model Proposal
defi

Cosmos Hub Postpones Vote Date On New Security Model Proposal

After two respective postponements, the Cosmos' vote date to approve proposed changes to the network’s Hub has now been fixed to October 31.

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency
defi

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency

Galaxy Digital invests $44 million in institutional bitcoin custody platform GK8 to integrate its asset storage and management capabilities.

Cosmos Hub Votes to Reduce ATOM Inflation Rate to 10%
defi

Cosmos Hub Votes to Reduce ATOM Inflation Rate to 10%

Cosmos Hub proposes reducing ATOM inflation rate from 14% to 10%, lowering annual staking yield from 19% to 13.4%, optimizing security expenses and introducing a liquid staking module.

Hedging, Staking and Saving - The Signs that Point to a Maturing DeFi Market
defi

Hedging, Staking and Saving - The Signs that Point to a Maturing DeFi Market

DeFi is currently on a maturity curve comparable to the same one that the cryptocurrency markets have undergone over recent years.

Ethereum (ETH) and XRP Price Gains Dwarfed Bitcoin Rally, Which Cryptos beat BTC in 2020?
defi

Ethereum (ETH) and XRP Price Gains Dwarfed Bitcoin Rally, Which Cryptos beat BTC in 2020?

Despite the BTC price gaining over 150% in 2020, BTC has been dwarfed by the price increases of other altcoins—including Ethereum (ETH) and Ripple’s XRP token.

What Caused Ripple XRP to Crash After Spark Airdrop and What It Will Take for Its Price to Surge Again
defi

What Caused Ripple XRP to Crash After Spark Airdrop and What It Will Take for Its Price to Surge Again

Although market watchers were expecting Ripple’s XRP trade higher following Flare Networks’ airdrop, the cryptocurrency did the opposite and crashed instead.

$1.19B Deficit Hole Listed on Balance Sheet: Celsius Network
defi

$1.19B Deficit Hole Listed on Balance Sheet: Celsius Network

A 61-page filing showed Celsius Network with a liability of $5.5 billion, including a $4.7 billion loss from their clients. The Chief executive attributed it to its poor asset deployment decisions.

$250,000 BTC: Kraken Survey Shows Investors are Bullish on Bitcoin, Altcoins and DeFi in 2021
defi

$250,000 BTC: Kraken Survey Shows Investors are Bullish on Bitcoin, Altcoins and DeFi in 2021

The latest Kraken VIP sentiment survey reflects how investors think the crypto sector might evolve in 2021. Some are projecting the BTC price as high as $250,000.

DeFi Technologies Inc's Subsidiary Valour Owns over $274m in AUM
defi

DeFi Technologies Inc's Subsidiary Valour Owns over $274m in AUM

DeFi Technologies Inc announced Wednesday that its subsidiary Valour records $274 million in assets under management (AUM).

DeFi - Find Out What's Happening in Macau on This Exciting Topic
defi

DeFi - Find Out What's Happening in Macau on This Exciting Topic

DeFi is explored in Macau by some of the leading names in this space. The FinWise Summit is second to none in delivering quality content at a fast pace

Why Uniswap's First Governance Proposal Failed, Although 98% Were in Favor
defi

Why Uniswap's First Governance Proposal Failed, Although 98% Were in Favor

The first governance vote for decentralized exchange Uniswap has ended in defeat, although the proposal has attracted 98 percent of supporting votes.

Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development
defi

Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development

The ICF supports adoption initiatives like Interchain Builders and Interchain NFTs while emphasizing core development.

Bitcoin and the Crypto Market Could Go Down Again—Market Recap and Price Analysis
defi

Bitcoin and the Crypto Market Could Go Down Again—Market Recap and Price Analysis

Both the stock and crypto market could go down, the bitcoin price appears ready to drop.

Greater Bay Area Blockchain Week 2021 to Bring Global Attention to Blockchain Innovation
defi

Greater Bay Area Blockchain Week 2021 to Bring Global Attention to Blockchain Innovation

Being one of the world’s fastest growing tech hubs, Greater Bay Area (GBA) attracts audiences passionate about smart technology applications for business, education, and finance to come together for the premier international virtual event.

Uniswap's Front-End Fees Surpass $1 Million
defi

Uniswap's Front-End Fees Surpass $1 Million

Uniswap's front-end fees exceed $1 million in 24 days, contributing 17.4% to its total fees, with an estimated annual revenue of $15.2 million.

Will DeFi Migrate to New Blockchain Platforms with the Surge in Ethereum Gas Prices?
defi

Will DeFi Migrate to New Blockchain Platforms with the Surge in Ethereum Gas Prices?

The rise of DeFi in 2020 has made experts question whether Ethereum could sustain the sheer volume of transactions in the long run.

Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards
defi

Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards

Leading DeFi protocol Yearn.finance has absorbed Pickle Finance to create a structure that will leverage shared expertise, boost specialization, and minimize work duplication.

TRON Credited with Powering Record USDT Growth
defi

TRON Credited with Powering Record USDT Growth

With all the speculation around future growth of cryptocurrency protocols, it can be hard to gauge fundamental network health accurately. However, one metric that never fails is user adoption, an indicator that can be measured onchain. When applied to TRON, this metric shows that the network’s user base is proliferating very rapidly, with USDT accounting for a significant tranche of all onchain activity.

Ethereum Gas Fees Hit a Monthly Low - Could this Trigger an ETH Uptrend?
defi

Ethereum Gas Fees Hit a Monthly Low - Could this Trigger an ETH Uptrend?

New data by on-chain data provider Glassnode notes that the total Ethereum gas fees paid have hit a monthly low of $666,735.56.

The Wormhole hack: hacker shifts $155 million
defi

The Wormhole hack: hacker shifts $155 million

On January 23, a DEX received $155 million in Ether. The Wormhole attack, which lost 120,000 Wrapped ETH on Feb. 2, was 2022's third biggest crypto heist.

DeFi Lending Protocol Compound Launched its Compound III Version
defi

DeFi Lending Protocol Compound Launched its Compound III Version

Defi lending protocol Compound announced that Compound III (V3)was officially launched on the Ethereum mainnet.

Nested Raises a $7.5M Seed Funding, Expanding  DeFi Social Trading Products & Network
defi

Nested Raises a $7.5M Seed Funding, Expanding DeFi Social Trading Products & Network

Nested wants to use the funds raised to fuel its DeFi social trading platform’s product offering and network across the world.

Ethereum’s Top 10 Non-Exchange Whale Addresses Surge, NFT's Google Search Volume Up Exponentially
defi

Ethereum’s Top 10 Non-Exchange Whale Addresses Surge, NFT's Google Search Volume Up Exponentially

Ethereum non-exchange whales have been accumulating more coins, which signifies a holding culture.

Tackling DeFi Scams: Making Pre-sale Ecosystems Safer
defi

Tackling DeFi Scams: Making Pre-sale Ecosystems Safer

Investors are aware that “rug pull” scams have negatively affected the reputation of the DEFI/DEX space in recent times. But liquidity protocols could be an effective solution.

Yearn Finance (YFI) Surges to 3X the Value of Bitcoin, Reaching Another All-Time High in Anticipation of yETH launch
defi

Yearn Finance (YFI) Surges to 3X the Value of Bitcoin, Reaching Another All-Time High in Anticipation of yETH launch

Yearn.finance (YFI) token has seen a new all-time high, reaching $39,600 on Binance, just a day after its previous new high of $38,000. What's behind the surge?

Ethereum Crosses $1,900 For the First Time in Its History as Total Value Locked in ETH 2.0 Hits All-Time High
defi

Ethereum Crosses $1,900 For the First Time in Its History as Total Value Locked in ETH 2.0 Hits All-Time High

New data by Santiment reveals that the number of whale addresses holding at least $10,000 ETH ballooned to 1,287 on Valentines Day and this has been pivotal in triggering Ethereum's uptrend.

What are NFTs?
defi

What are NFTs?

A non-fungible token (NFT) is a special type of encrypted token that represents unique things such as encrypted art, digital collectibles, and online games.

Defi Tranche Protocol Receives $1.5M Seed Round of Financing led by Three Arrows Capital and Spartan Group
defi

Defi Tranche Protocol Receives $1.5M Seed Round of Financing led by Three Arrows Capital and Spartan Group

Defi chess-themed Tranchess protocols received a $1.5 million seed round of financing led by Three Arrows Capital and Spartan Group.

Platypus Finance Suffers Exploit Resulting in Over $2M Loss
defi

Platypus Finance Suffers Exploit Resulting in Over $2M Loss

Platypus Finance, a DeFi protocol on the Avalanche blockchain, suffered an exploit on 12th October 2023, leading to a loss of over $2 million. The protocol had temporarily suspended all pools due to suspicious activities and is working towards resolving the issue. Blockchain security firm PeckShield Inc identified and disclosed the exploit, underscoring the need for enhanced security measures in the DeFi space.

Polygon Announces the Launch of a Direct Bridge by Ren Protocol
defi

Polygon Announces the Launch of a Direct Bridge by Ren Protocol

Polygon’s official Twitter announced to launch a direct bridge to Polygon by Ren open protocol.

Bringing Bitcoin to Ethereum: Wrapped Bitcoin Surpasses $1 Billion in Total Value Locked
defi

Bringing Bitcoin to Ethereum: Wrapped Bitcoin Surpasses $1 Billion in Total Value Locked

Decentralized finance (DeFi) keeps booming as one of its Bitcoin tokenization protocols recently skyrocketed by 900% in a span of two months.

Six Cryptocurrency Trends to Watch in 2020
defi

Six Cryptocurrency Trends to Watch in 2020

A quick look at some of the main developments and events on the horizon that are set to shape the digital asset market throughout 2020.

Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot
defi

Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot

Equilibrium has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts.

Interoperability Protocol LayerZero Labs Secures $135m Investment
defi

Interoperability Protocol LayerZero Labs Secures $135m Investment

Decentralized full-chain interoperability protocol LayerZero Labs has secured a $135 million investment co-led by Sequoia Capital, FTX Ventures and Andreessen Horowitz.

CITD to Issue HK$100 Million Bonds Utilizing Blockchain
defi

CITD to Issue HK$100 Million Bonds Utilizing Blockchain

China Information Technology Development Limited (CITD) (HKEX: 8178), a leading technology company specializing in AI and cloud technologies, has announced its plan to issue HK$100 million worth of Bonds using distributed ledger technology (DLT). The proposed issuance aims to revolutionize the bond market by leveraging blockchain and smart contract technologies.

NFT-collateralized Loan Platform Arcade Raises $15M in Series A Financing
defi

NFT-collateralized Loan Platform Arcade Raises $15M in Series A Financing

Focusing on using NFT as loan collateral, Arcade raised US$15 million in Series A financing which was led by Pantera Capital, Castle Island Ventures, and Franklin Templeton Blockchain Fund.

Ethereum’s Daily Transaction Volume is Going Parabolic Surpassing Bitcoin by $3 Billion
defi

Ethereum’s Daily Transaction Volume is Going Parabolic Surpassing Bitcoin by $3 Billion

Ethereum's daily transaction volume is going parabolic. It now settles $12 billion in transactions daily - $3 billion more than Bitcoin.

Polygon Network Contemplating the Idea of Creating DAOs
defi

Polygon Network Contemplating the Idea of Creating DAOs

Polygon is looking to build a DAO to harmonize its growing ecosystem.

DWF Ventures Explores Innovations in Perpetual DEXs Landscape
defi

DWF Ventures Explores Innovations in Perpetual DEXs Landscape

DWF Ventures delves into perpetual DEXs, emphasizing the blend of decentralization and innovation. The discourse spans from perpetuals' inception in 2016 to notable DEX protocols like dYdX and HyperliquidX advancing the ecosystem. The narrative underscores the continuous innovation and the anticipation for future advancements in the perpetual DEX landscape.

3 Reasons Behind the Recent Crypto Market Crash—Why Bitcoin Price Dropped $600
defi

3 Reasons Behind the Recent Crypto Market Crash—Why Bitcoin Price Dropped $600

The Bitcoin price started to plunge in coincidence with our report of the Korean police raiding Korea’s largest cryptocurrency exchange Bithumb for fraud. 

Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline
defi

Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline

Ethereum's total fees has hit a monthly high of 746.026 ETH.

Mango Markets Hacker Says He 'Did Nothing Wrong'
defi

Mango Markets Hacker Says He 'Did Nothing Wrong'

Avraham Eisenberg explained how profitable traders like him attract jealousy and hate.

$2 Million Worth of Cryptocurrency Lost in Dexible Hack
defi

$2 Million Worth of Cryptocurrency Lost in Dexible Hack

One of Dexible's founders lost $50,000 in bitcoin.

Ethereum Transaction Fees Record Lowest Price Since Beginning of DeFi Boom
defi

Ethereum Transaction Fees Record Lowest Price Since Beginning of DeFi Boom

Ethereum transaction fees recorded its lowest price since July, when the decentralized finance (DeFi) boom began. What does this mean?

DappRadar—Redefining Accuracy and Transparency in the State of Dapps
defi

DappRadar—Redefining Accuracy and Transparency in the State of Dapps

Skirmantas Januskas is the CEO and founder of DappRadar a website that lists the best Ethereum Dapps and ranks them by DAU (Daily Active Users) showing the authentic acceptance and usability of Dapps. DappRadar recently added full token tracking for EOS Dapps which has reportedly uncovered that the EOS Dapp ecosystem may be undervalued by 1 billion dollars.

Ethereum Transactions Hit A Record-High of 1.4 Million
defi

Ethereum Transactions Hit A Record-High of 1.4 Million

The Ethereum network has reached a notable milestone in its daily transactions after hitting an all-time high of 1,406,016 as availed by Etherscan data on September 17. It broke the previous record of 1.35 million attained on January 4, 2018.

Base Layer-2 Protocol Shatters DEX Trading Volume Record with $1.21B Surge
defi

Base Layer-2 Protocol Shatters DEX Trading Volume Record with $1.21B Surge

Base, a prominent layer-2 Ethereum scaling solution, set a new trading volume milestone of $1.21 billion on decentralized exchanges, spearheaded by activity on Uniswap.

Platypus Launches Native Stablecoin USP
defi

Platypus Launches Native Stablecoin USP

Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving capital efficiency for its users. USP also resolves long-running collateral issues associated with stablecoins. The native Platypus Finance stablecoin has been designed to reduce the liquidity fragmentation and scattered assets that are endemic to many protocols.

SkyLaunch Plans to Collaborate with Polygon to Boost Crypto Projects
defi

SkyLaunch Plans to Collaborate with Polygon to Boost Crypto Projects

To tackle issues and support the aim of a decentralized finance ecosystem, SkyLaunch birthed the vision to become a multi-chain initial Decentralized offering platform that will bring changes to the ecosystem.

China Promotes DeFi and Ethereum on CCTV, But Isn't Crypto Banned?
defi

China Promotes DeFi and Ethereum on CCTV, But Isn't Crypto Banned?

A segment on China's CCTV appeared to actively promote Etheruem and DeFi, but isn't Beijing anti-crypto?

Ethereum Has Vastly Outperformed Tech Stocks With a Staggering 171% ROI
defi

Ethereum Has Vastly Outperformed Tech Stocks With a Staggering 171% ROI

Ethereum's price drop hasn’t dampened its spirits to offer an impressive return on investment (ROI) so far this year compared to tech stocks like Microsoft, Facebook, and Apple.

Could Current DeFi Rebound be Indicative of Broader Market Revival?
defi

Could Current DeFi Rebound be Indicative of Broader Market Revival?

The growth of the DeFi subsector is quite unusual as the combined market cap had a 0.69% growth over the same time frame.

Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates
defi

Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates

Polygon's rate of return is very impressive, rising by more than 2600%, from $0.0178 to $0.468 since the beginning of 2021.

dYdX Community Votes to Stake $61M in DYDX Tokens for Enhanced Security
defi

dYdX Community Votes to Stake $61M in DYDX Tokens for Enhanced Security

The dYdX community overwhelmingly approved a proposal to stake 20 million DYDX tokens with Stride to boost the protocol's security as DEX activities rise.

Nansen CEO Predicts Six Key Trends in Crypto
defi

Nansen CEO Predicts Six Key Trends in Crypto

Nansen.ai CEO, Alex Svanevik, outlined six pivotal crypto trends on Twitter, emphasizing the synergy of fintech and crypto, DeFi's potential in gambling, the growing relevance of real-world assets like T-bills, the impending rise of Web3 gaming, SocialFi's development, and Physical NFTs' retail integration. The thread also welcomed community input, reflecting on other emerging trends like blockchain in fantasy sports.

Hacker Turns Hero? All Stolen Funds from the Poly Network Have now Returned
defi

Hacker Turns Hero? All Stolen Funds from the Poly Network Have now Returned

The Poly Network is set to start a new journey as its protocol exploiter has now returned all of the stolen funds

Robinhood Wallet Joins Forces with Arbitrum (ARB) to Enhance Layer 2 Access
defi

Robinhood Wallet Joins Forces with Arbitrum (ARB) to Enhance Layer 2 Access

Robinhood Wallet partners with Arbitrum to offer users seamless swaps on Layer 2, enhancing DeFi accessibility and experience.

PancakeSwap Rebounds Higher as KeyFi DeFi Token Launches on its Platform
defi

PancakeSwap Rebounds Higher as KeyFi DeFi Token Launches on its Platform

KeyFi DeFi Platform is launching its KeyFi token on PancakeSwap. CAKE has had an amazing performance in the past week, rising by 55.60%.

The Importance of NFTs in the Web3 industry
defi

The Importance of NFTs in the Web3 industry

NFT token sales increased 67.57% to 101 million last year. DappRadar's Web3 adoption analysis found huge transaction growth in the Solana and ImmutableX ecosystems.

Lido DAO Faces Class-Action Lawsuit Over LDO Token Alleged to be Unregistered Security
defi

Lido DAO Faces Class-Action Lawsuit Over LDO Token Alleged to be Unregistered Security

A class-action lawsuit against Lido DAO alleges its LDO token is an unregistered security, claiming responsibility for investor losses following the token's price decline.

Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network
defi

Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network

Decentralized lending platform Cream Finance officially announced integrating with Polygon by launching its money markets on the Ethereum layer 2 scaling solution Polygon network.

Total value locked in Ethereum-based Decentralized exchange
defi

Total value locked in Ethereum-based Decentralized exchange

After community approval, Boba Network will instal Uniswap v3 as the sixth chain.

MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk
defi

MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk

The share plunge of the cryptocurrency market has severely hit MakerDAO, the leader in the decentralized finance (DeFi) ecosystem. Last week its market value fell sharply from 889M to $246M which brought together Maker’s developer community who have recently discussed adding support for Circle’s USDC as collateral to hedge against the liquidity risk.

Ethereum Accounts for Nearly Half of the Trading Volume on Top Exchanges
defi

Ethereum Accounts for Nearly Half of the Trading Volume on Top Exchanges

Ethereum accounts for almost half of the trading volume on top exchanges compared to a quarter a year ago.

Fantom's Evolution: From Technical Innovations to Ecosystem Expansion
defi

Fantom's Evolution: From Technical Innovations to Ecosystem Expansion

Fantom continues to innovate despite facing challenges in its DeFi ecosystem. With planned technical upgrades and a focus on growing its developer community, the network aims for a robust and diversified blockchain ecosystem.

The US SEC Charges DeFi Money Market and Founders with Fraudulent $30 Million Offerings
defi

The US SEC Charges DeFi Money Market and Founders with Fraudulent $30 Million Offerings

The US Securities and Exchange Commission has issued its first case involving the decentralized finance market by charging the founders of DeFi Money market for raising $30 million through fraudulent offerings.

$1.5 Billion of BTC Locked Up In Ethereum
defi

$1.5 Billion of BTC Locked Up In Ethereum

Bitcoin maxis are turning to the dark side as the value proposition of DeFi sees record levels of Bitcoin on Ethereum.

Uniswap Labs Announces Upcoming v4 and Developer Training Program
defi

Uniswap Labs Announces Upcoming v4 and Developer Training Program

Uniswap Labs teases the launch of Uniswap v4 and introduces an 8-week developer course to master v4 hooks, led by industry experts including Will Pote.

Ethereum-Based Akropolis DeFi Protocol Hacked, More than $2 Million Stablecoins Stolen
defi

Ethereum-Based Akropolis DeFi Protocol Hacked, More than $2 Million Stablecoins Stolen

The recent hack suffered by Akropolis, an Ethereum-based DeFi protocol, resulted in a loss of more than 2 million DAI ERC-20 tokens.

DeFi Platform Raft Compromised, Loses $3.3 Million in Ether
defi

DeFi Platform Raft Compromised, Loses $3.3 Million in Ether

Raft DeFi platform hacked, loses $3.3M in ETH. Attacker burns most stolen ETH, faces net loss.

Fireblocks Adds Support for Terra-Based DeFi Services as Institutional Demand Soars
defi

Fireblocks Adds Support for Terra-Based DeFi Services as Institutional Demand Soars

Institutional investors can now access all of the DeFi applications on the Terra-based blockchain protocol on Fireblocks as announced by the firm on Tuesday.

DeFi Token Price Analysis: COMP, SNX, and UNI
defi

DeFi Token Price Analysis: COMP, SNX, and UNI

This week in crypto, a DeFi Token Price analysis of COMP, SNX and UNI taking into account the prediction of technical indicators and the overall crypto market.

Uniswap Tops $50 Billion in Trading Volume but Its Sources of Liquidity Are Questioned
defi

Uniswap Tops $50 Billion in Trading Volume but Its Sources of Liquidity Are Questioned

Uniswap has recently made headlines with its total trading volume surpassing $50 billion.

Uniswap’s UNI Token Sees Massive Price Plunge as Liquidations are About to Kick In
defi

Uniswap’s UNI Token Sees Massive Price Plunge as Liquidations are About to Kick In

Uniswap's UNI token has experienced enormous sell-off pressure lately, as some UNI whales have been selling their tokens. What's next for UNI?

Yearn.finance’s YFI Token Pumps to a New Record High of $95K
defi

Yearn.finance’s YFI Token Pumps to a New Record High of $95K

Yearn.finance's governance token YFI set a new record high of $95,000 today.

Everlend Finance, a Solana-based decentralized finance
defi

Everlend Finance, a Solana-based decentralized finance

Solana protocol decentralises finance Closing Everlend Finance.

Manta Network Launches "Blast Off to Manta" with $MANTA Incentives
defi

Manta Network Launches "Blast Off to Manta" with $MANTA Incentives

Manta Network introduces "Blast Off to Manta" for instant Blast withdrawals & MANTA rewards, aiming to enhance the DeFi ecosystem.

185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023
defi

185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023

SlowMist, a renowned blockchain security firm, has recently published its mid-2023 report on Blockchain Security and Anti-Money Laundering (AML). The report offers a comprehensive overview of the current global landscape of blockchain security and AML developments.

DeFi Keeps Surging with Decentralized Finance’s Total Locked in Value at over $9 Billion
defi

DeFi Keeps Surging with Decentralized Finance’s Total Locked in Value at over $9 Billion

DeFi's value keeps surging with Decentralized Finance’s locked in value now at over $9 Billion

Sber Bank's blockchain technology uses Metamask
defi

Sber Bank's blockchain technology uses Metamask

Russia's biggest lender integrates its blockchain technology with Ethereum to enter DeFi and Web3. The connection lets users utilize Sber's tokens and smart contracts. Sberbank is developing blockchain goods. It requested a blockchain platform for its "Sbercoin" stablecoin from the Bank of Russia in 2021.

How DeFi Protocol Insurance Boosts Confidence Among Investors?
defi

How DeFi Protocol Insurance Boosts Confidence Among Investors?

The role of DeFi protocol insurance has become more important that DeFi users cannot overlook.

Compound Founder's New Venture Superstate To Bridge Traditional and Blockchain Finance
defi

Compound Founder's New Venture Superstate To Bridge Traditional and Blockchain Finance

Compound's Founder and CEO, Robert Leshner, has announced the launch of a new venture, Superstate (@superstatefunds). "Superstate's mission is to create regulated financial products that bridge traditional markets & blockchain ecosystems," said Leshner, signaling a significant shift in the financial industry.

Wintermute-Backed Decentralized Exchange Bebop Expands to Polygon
defi

Wintermute-Backed Decentralized Exchange Bebop Expands to Polygon

Following its launch on the Ethereum blockchain in June, Bebop, a decentralized exchange incubated by crypto trading firm Wintermute, has now expanded support to Polygon.

Yearn.finance Founder Andre Cronje Introduces New DeFi Protocol Deriswap for Capital Efficiency
defi

Yearn.finance Founder Andre Cronje Introduces New DeFi Protocol Deriswap for Capital Efficiency

Another project has been introduced by Yearn.finance’s founder, Andre Cronje. The new decentralized finance (DeFi) protocol unveiled by Cronje, is Deriswap.

Web3 Wallets Will Help Onboard Blockchain’s Next Billion Users
defi

Web3 Wallets Will Help Onboard Blockchain’s Next Billion Users

A centralized DeFi wallet might allow users to explore the fresh world of DeFi in the open and egalitarian way these apps were designed for but with features that mimic the old ways of doing transactions via a trusted third party.

Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%
defi

Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%

With the recent boom of the decentralized finance (DeFi) industry, DeFi tokens have undergone more than a 100% gain on the crypto market over the past few weeks, outperforming Bitcoin.

Goldman Sachs Applies for a DeFi and Blockchain ETF to Optimize Investment Results
defi

Goldman Sachs Applies for a DeFi and Blockchain ETF to Optimize Investment Results

Banking giant Goldman Sachs applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission intended to maximize investment results based on the performance of the Solactive DeFi and Blockchain index.

Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction
defi

Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction

New data by on-chain data provider Glassnode reveals that despite the current price correction, Ethereum addresses holding more than 1 ETH have hit a monthly high of 1,175,408.

Uniswap DEX Launches UNI Governance Token
defi

Uniswap DEX Launches UNI Governance Token

Uniswap, the decentralized exchange platform, and the on-chain market maker has launched its own governance token called Uni.

Fantom Foundation Lowers Staking Threshold to 50,000 FTM
defi

Fantom Foundation Lowers Staking Threshold to 50,000 FTM

Fantom Foundation has reduced its validator staking requirement from 500,000 FTM to 50,000 FTM, aiming to boost network security and accessibility, following a June 2023 governance vote.

The Dapp of 2019? How MakerDAO Took Charge of the DeFi Field
defi

The Dapp of 2019? How MakerDAO Took Charge of the DeFi Field

The MakerDao project is the contemporary success story for decentralized finance (DeFi). DappRadar has tagged Maker as the most influential Dapp of the year and the driving force behind the entire DeFi ecosystem.

Centralization Caused Most DeFi Hacks of 2021, $1.3B Loss to Users in 2021
defi

Centralization Caused Most DeFi Hacks of 2021, $1.3B Loss to Users in 2021

Certik says the centralization of operational models cited is one of the major faults amongst protocols that suffered mishaps, causing at least $1.3 billion loss to users last year.

Blockchain Gaming is Having a market caps increment
defi

Blockchain Gaming is Having a market caps increment

The research also found that top gaming token market capitalization rose 122% in January.

DeFi Protocol to Enable Tokenized Stock Trading of Google, Amazon, and Tesla on Its Platform
defi

DeFi Protocol to Enable Tokenized Stock Trading of Google, Amazon, and Tesla on Its Platform

Injective Protocol has partnered with Terra and Band Protocol to introduce stock trading on its platform.

Binance Smart Chain Surpasses Ethereum for Unique Active Wallets and Transaction Volume
defi

Binance Smart Chain Surpasses Ethereum for Unique Active Wallets and Transaction Volume

The Binance Smart Chain, a platform for building smart contracts, has surpassed the Ethereum network for transaction volume and unique active wallets.

zkLink Announces First "Dunkirk Test" to Establish New DeFi Safety Standard
defi

zkLink Announces First "Dunkirk Test" to Establish New DeFi Safety Standard

zkLink, a multi-chain trading middleware utilizing zero-knowledge proofs, announces the first "Dunkirk Test", a new DeFi safety standard, on May 11-13. During this event, zkLink will shut down its servers for 72 hours, inviting users to try the emergency asset recovery feature, and earn rewards for taking part in the test.

Ether Surges Ahead of Bitcoin and Sets the Record for 2020
defi

Ether Surges Ahead of Bitcoin and Sets the Record for 2020

Ether underwent a 20% surge, and the increase in pricing can be attributed to the rising popularity of DeFi applications and the resulting number of dividends pay-outs.

Exploitation in the NFT World is Real But Are They Preventable?
defi

Exploitation in the NFT World is Real But Are They Preventable?

Blockchain.News recently spoke to three industry leaders to explore NFT-linked security weaknesses and solutions. Experts suggest investors should always do their own due diligence before injecting funds into any project, no matter the hype.

Singapore’s Cake DeFi Launches New Loan Service, Accepting Crypto as Collateral
defi

Singapore’s Cake DeFi Launches New Loan Service, Accepting Crypto as Collateral

Customers of Cake DeFi platform will now be able to get cash loans by placing their cryptocurrencies as collateral.

Web3 Builders Reveals Suite of Tools to Combat DeFi exploits
defi

Web3 Builders Reveals Suite of Tools to Combat DeFi exploits

Nicholas Horelik of Web3 Builders stated, “end users ought to have this functionality” to understand asset security.

Mars Hub Launches Independent Cosmos Application Chain
defi

Mars Hub Launches Independent Cosmos Application Chain

An airdrop on the mainnet will unlock 64.4 million MARS tokens for Terra Classic holders who held them throughout the two historical snapshots. Osmosis blockchain will launch the first Mars outpost in early 2023.

White Star Capital Announces Second Digital Asset Fund Anchored by Ubisoft
defi

White Star Capital Announces Second Digital Asset Fund Anchored by Ubisoft

Multi-stage investment platform, White Star Capital, has announced the first close of its second Digital Asset Fund (DAF II), with backing from top investors like Ubisoft.

Omega Secures $6M in Funding to Revolutionize Bitcoin and DeFi Ecosystem
defi

Omega Secures $6M in Funding to Revolutionize Bitcoin and DeFi Ecosystem

Omega announces a $6M funding round to launch its decentralized infrastructure, aiming to redefine omnichain and Bitcoin DeFi without relying on traditional bridges or L2 solutions.

KeyFi Announces Native Token Listing on ApeSwap DEX
defi

KeyFi Announces Native Token Listing on ApeSwap DEX

KeyFi, an AI-Powered DeFi aggregator platform backed by SelfKey Credentials, is listing its native token, KEYFI, on decentralized exchange ApeSwap.Finance.

Radiant Capital Suffers $4.5M Flash Loan Attack
defi

Radiant Capital Suffers $4.5M Flash Loan Attack

Radiant Capital was hit by a $4.5M flash loan attack due to a known codebase rounding issue, leading to a temporary pause in their Arbitrum market operations.

ETH Balance on Exchanges Sink to a 2-Year Low as Miner Revenue Hit a Monthly High
defi

ETH Balance on Exchanges Sink to a 2-Year Low as Miner Revenue Hit a Monthly High

Ethereum (ETH) has been undergoing a mass exodus away from crypto exchanges recently, given that its balance dropped to a two-year low.

DeFi Protocol Wintermute Suffers $160M of Hack: CEO
defi

DeFi Protocol Wintermute Suffers $160M of Hack: CEO

Cryptocurrency market maker and Decentralized Finance (DeFi) lending protocol Wintermute has been hacked with over $160 million lost.

Jay Z-Backed Ethereum App Platform Officially Opens Doors to Public
defi

Jay Z-Backed Ethereum App Platform Officially Opens Doors to Public

Blockchain startup Alchemy has recently announced that the blockchain developer platform was perfected and now open to any companies or individuals looking to build smart contract-based projects.

Kazakhstan Is Not Late to Embrace Crypto: National Bank Chairman
defi

Kazakhstan Is Not Late to Embrace Crypto: National Bank Chairman

The National Bank of Kazakhstan is warming up to cryptocurrencies, but not at the same pace as some governments that have legalized the trading of cryptocurrencies on their lands.

Bloomberg and Galaxy Digital Floats Crypto Index for Decentralized Finance
defi

Bloomberg and Galaxy Digital Floats Crypto Index for Decentralized Finance

Bloomberg has launched a DeFi-backed Index fund with co-branding from Galaxy Digital.

Crypto Addresses Holding At Least 100 Ethereum Hit 19-Month Low as 8.2% of Circulating ETH Locked in DeFi
defi

Crypto Addresses Holding At Least 100 Ethereum Hit 19-Month Low as 8.2% of Circulating ETH Locked in DeFi

New data by on-chain data provider Glassnode reveals that the number of crypto addresses holding more than 100 ETH has hit a 19-month low of 45,518.

bloXroute Raises $70M in Series B Funding to Speed up DeFi transactions
defi

bloXroute Raises $70M in Series B Funding to Speed up DeFi transactions

As a critical infrastructure provider for quick decentralized finance (DeFi) trades on Ethereum, Polygon, and Binance Smart Chain, bloXroute has raised $70 million in Series B funding to boost its quest of reducing latency on blockchain networks.

PAID Network DeFi Platform Attacked as Hacker Gains $3 Million Of ETH After Minting $166 Million Of Tokens
defi

PAID Network DeFi Platform Attacked as Hacker Gains $3 Million Of ETH After Minting $166 Million Of Tokens

PAID token crashed by over 75% instantly after the popular PAID Network DeFi protocol experienced a massive hack.

Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi
defi

Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi

Top banks in South Korea have selected Chainlink and CenterPrime to bring a blockchain-enabled decentralized finance solution for foreign exchange rates.

Decentralized Information Markets Platform Polymarket to Pay Civil Fine of $1.4M, Violating Unregistered Swaps
defi

Decentralized Information Markets Platform Polymarket to Pay Civil Fine of $1.4M, Violating Unregistered Swaps

Decentralized information markets platform Polymarket was imposed a civil fine of $1.4 million by the United States Commodity Futures Trading Commission (CTFC), failing to obtain a proper registration.

OpenTrade and WOO X Unite to Offer Tokenized T-Bills to Asian Investors
defi

OpenTrade and WOO X Unite to Offer Tokenized T-Bills to Asian Investors

OpenTrade collaborates with WOO X to unveil access to tokenized T-Bills for Asian investors. This partnership, leveraging Circle Research’s Perimeter Protocol, is a response to the escalating demand for tokenized T-Bills over DeFi yields. Concurrently, WOO X advances its strategic footprint in South Korea, aligning with CODE compliance solutions to broaden its product accessibility in the region.

Uniswap Expands Mobile Footprint with Android Wallet Launch
defi

Uniswap Expands Mobile Footprint with Android Wallet Launch

Uniswap has launched a beta version of its mobile wallet for Android on October 12, following the successful iOS app release in April. The Android wallet facilitates easier swaps on various chains without manual network switching, offers robust swap protection against frontrunning, and ensures a transparent fee structure for its users. The launch, part of a broader trend among decentralized exchanges, signifies the growing emphasis on mobile platforms in DeFi.

US Federal Court Defines Bitcoin As Money
defi

US Federal Court Defines Bitcoin As Money

A US Federal court has classified Bitcoin as a “money” under the Washington, D.C, Money Transmitters Act (MTA).

Thetanuts Finance Launches Stronghold Vaults With Organic Yield Generation & Risk Diversification
defi

Thetanuts Finance Launches Stronghold Vaults With Organic Yield Generation & Risk Diversification

Thetanuts Finance, a structured DeFi platform that simplifies the process of options trading, today announced the launch of the Thetanuts Stronghold index vault, a new trading product that offers non-inflationary return opportunities, thoughtful risk management and a radically simpler user experience.

Yearn.Finance (YFI) Loses Over 45% in a Week, Further Correction Expected
defi

Yearn.Finance (YFI) Loses Over 45% in a Week, Further Correction Expected

For the past few weeks, the DeFi market has seen major losses, including Yearn.finance’s YFI token, Uniswap’s token, SushiSwap’s token, and Curve’s token.

DappRadar—What is the Dapp of 2019?
defi

DappRadar—What is the Dapp of 2019?

In the second part of our exclusive interview with Skirmantis Januskas, CEO and Founder, DappRadar - we discuss Ethereum’s transition to proof-of-stake, the growing Dapp ecosystem and the DeFi revolution instigated by MakerDao.

DeFi and Crypto Community Explode as Robinhood Halts GameStop (GME) Trades
defi

DeFi and Crypto Community Explode as Robinhood Halts GameStop (GME) Trades

Robinhood’s decision to stop the purchases of GameStop (GME) shares, along with AMC and Blackberry (BBE), has spurred outrage from the cryptocurrency community.

Uniswap Monthly Volume Surpasses Coinbase Under the Influence of the DeFi Craze
defi

Uniswap Monthly Volume Surpasses Coinbase Under the Influence of the DeFi Craze

Under the influence of the decentralized finance (DeFi) craze, decentralized exchange Uniswap has processed $15.3 billion in monthly volume in September.

Iota Floats Smart Contracts Beta with Zero Execution Fee
defi

Iota Floats Smart Contracts Beta with Zero Execution Fee

The Iota Foundation has launched its smart contract functionality which it said is now available in IOTA 2.0 DevNet.

DeFi Insurance Claims Reach $34.4 Million
defi

DeFi Insurance Claims Reach $34.4 Million

DeFi insurance firms paid out $34.4 million in claims in 2022, including $22.5 million for the collapse of Terra Luna and $4.7 million for FTX. DeFi insurance now covers eight major categories, but more work is needed to scale.

Aave (LEND) Price Skyrocketed 20,000% This Year—Is DeFi a Bubble Yet to Burst?
defi

Aave (LEND) Price Skyrocketed 20,000% This Year—Is DeFi a Bubble Yet to Burst?

Aave’s bullish momentum has pushed its cryptocurrency LEND towards the top 20 coins by market cap after it took the number one spot in the DeFi market.

60% of Ethereum Supply Has Been at a Standstill for More Than a Year—What's Next for ETH?
defi

60% of Ethereum Supply Has Been at a Standstill for More Than a Year—What's Next for ETH?

Ethereum's circulating supply has been limited because 60% of it has remained stagnant for more than a year, according to EthHub co-founder Antony Sassano.

Circle Launches Circle Research with Perimeter Protocol
defi

Circle Launches Circle Research with Perimeter Protocol

Circle launches 'Circle Research' to further technical innovation in crypto, blockchain, and Web3 through open-source research. The initiative's first contribution, Perimeter Protocol, sets a new standard for building on-chain credit markets. Circle releases the Perimeter white paper and public GitHub Repo to advance open protocol transacting with a focus on credit, catering to a wide range of credit scenarios.

Ethereum User Pays $9,500 In Transaction Fees to Send $120 of ETH
defi

Ethereum User Pays $9,500 In Transaction Fees to Send $120 of ETH

An Ethereum user has found himself paying $9,500 in transaction fees to send only $120 of Ether.

Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations
defi

Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations

Binance Tax is offered to Binance.com customers in France and Canada, with more territories to come.

Fireblocks Integrates Astar Network, Boosting Secure DeFi Access for Institutions
defi

Fireblocks Integrates Astar Network, Boosting Secure DeFi Access for Institutions

Fireblocks has now incorporated Astar Network. With the new integration, over 650 banks and financial institutions can now tap into Astar's thriving DeFi ecosystem, as well as trade, swap, and lend digital assets on Astar via Fireblocks.

What Is Apeswap.Finance? Complete Guide to New Decentralized Exchange
defi

What Is Apeswap.Finance? Complete Guide to New Decentralized Exchange

Apeswap offers new and exciting ways for DeFi users to create wealth as a vibrant ecosystem. The platform provides various services, including seamless payment solutions, lending, derivatives, staking, tokenized assets, alternative savings.

DeFi Grows as Total Value Locked Tops $50 Billion
defi

DeFi Grows as Total Value Locked Tops $50 Billion

The Total Value Locked in DeFi has topped $50 billion for the very first time, continuing the positive rally started this year.

Indonesian Crypto Exchange Pintu Raises $113m with Backing from Investors
defi

Indonesian Crypto Exchange Pintu Raises $113m with Backing from Investors

Indonesia's Pintu was backed by several investors who helped the cryptocurrency exchange raise $113 million in a Series B funding round, The Block reported.

Chainlink Rebounds While Large-Cap Altcoins Lag Behind, DeFi Market Reaches $10B in Total Value Locked
defi

Chainlink Rebounds While Large-Cap Altcoins Lag Behind, DeFi Market Reaches $10B in Total Value Locked

Chainlink (LINK) has been making over 18 percent gains in the past 24 hours, taking the lead ahead of most of the large-cap altcoins and Bitcoin.

DeFi Platform Forward Raises $5M in Seed Funding
defi

DeFi Platform Forward Raises $5M in Seed Funding

Some of Thailand's largest banks, KasikornBank and Bank of Ayudhya have supported Decentralized Finance (DeFi) platform Forward with $5 million in seed capital through their venture capital platforms

Avalanche Foundation Announces $4m Incentive Program for Trading Platform GMX
defi

Avalanche Foundation Announces $4m Incentive Program for Trading Platform GMX

Avalanche Foundation has announced it will grant a $4 million incentive in AVAX tokens for the growth of the decentralized trading platform GMX.

DeFi Bubble Burst: SushiSwap and Uniswap Lead the DEX Token Crash, Reaching New Lows
defi

DeFi Bubble Burst: SushiSwap and Uniswap Lead the DEX Token Crash, Reaching New Lows

Uniswap's UNI token reached a new low at $2.478 today, dropping by 83.48% from $15 of a record high on Sept. 17, the first day it launched.

PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets
defi

PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets

A joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.

Lido's Faulty Contract Locks $24 Million in Solana stSOL Tokens
defi

Lido's Faulty Contract Locks $24 Million in Solana stSOL Tokens

A smart contract error has locked $24 million worth of tokenized staked Solana (stSOL) on Lido, following its service discontinuation in October 2023.

THORSwap Resumes Operations with Enhanced Security Measures to Combat Illicit Funds Transfer
defi

THORSwap Resumes Operations with Enhanced Security Measures to Combat Illicit Funds Transfer

THORSwap, a decentralized exchange (DEX) leveraging the THORChain protocol, resumed operations on October 13, following a temporary shutdown to address concerns of illicit funds transfer. The platform has enhanced its security measures, updated its terms of service, and partnered with an industry leader to prevent the movement of illicit funds. Although the move was met with mixed reactions from the community, it underscores THORSwap's commitment to providing a secure trading environment amid rising regulatory pressures in the DeFi sector.

1INCH Hits a New All-Time High
defi

1INCH Hits a New All-Time High

1inch, a decentralized exchange (DEX) aggregator, today announced that 1inch Network aggregated liquidity of MDEX on Binance Smart Chain (BSC).

Binance Labs Wraps Up Incubation Season 6 with Strategic Investments in Seven Blockchain Startups
defi

Binance Labs Wraps Up Incubation Season 6 with Strategic Investments in Seven Blockchain Startups

Binance Labs concludes its sixth incubation season, investing in seven early-stage projects across DeFi, infrastructure, and AI-powered DApps, signaling strong support for innovative Web3 solutions.

Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion
defi

Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion

The DeFi space had a busy week with the successful completion of the Shapella upgrade on Ethereum, concerns over privacy related to staking, a major DeFi hack, and a partnership between Fonbnk and Tanda to increase financial inclusion in Africa. The top 100 DeFi tokens had a bullish week, and Glassnode predicted only a small percentage of staked ETH would be withdrawn.

Altcoins Expanding DeFi Ecosystem but Can't Beat Layer 1 King Ethereum: Chainalysis
defi

Altcoins Expanding DeFi Ecosystem but Can't Beat Layer 1 King Ethereum: Chainalysis

One of the major investment topics of 2021 was the alternative blockchain networks as big investors are looking beyond Bitcoin and taking a leap into Ethereum.

PancakeSwap (CAKE) Launches V4 with $500,000 Developer Program to Enhance DeFi Ecosystem
defi

PancakeSwap (CAKE) Launches V4 with $500,000 Developer Program to Enhance DeFi Ecosystem

PancakeSwap V4 debuts with a substantial $3M CAKE token airdrop, introducing innovative features and significant gas cost reductions for its users.

Demystifying the World of Cryptocurrency Exchanges and Investments
defi

Demystifying the World of Cryptocurrency Exchanges and Investments

Cryptocurrency exchanges revolutionize digital finance by offering services like futures trading, staking, and savings accounts, with potential AI and machine learning integrations. They provide a seamless user experience.

$1 Million in USDT Refunded After DeFi Mistake
defi

$1 Million in USDT Refunded After DeFi Mistake

Tether CTO Paolo Ardoino announced last Friday, that a group of Chinese traders had mistakenly sent their funds to Swerve, a clone of Curve Finance.

Ethereum Hits New All-Time High as More Participants Join the ETH Bandwagon
defi

Ethereum Hits New All-Time High as More Participants Join the ETH Bandwagon

Ethereum has soared to a new all-time high of $2,159.30.

Bancor 3 Integrates Over 100 Tokens to Enhance DeFi Liquidity
defi

Bancor 3 Integrates Over 100 Tokens to Enhance DeFi Liquidity

Bancor 3, a DeFi liquidity solution by decentralized trading protocol Bancor, has incorporated more than 100 tokens, such as USD Coin (USDC), Polygon (MATIC), and Enjin (ENJ), for more sustainable and safer DeFi yields through community sourcing.

The Metaverse: The Future of Social Life?
defi

The Metaverse: The Future of Social Life?

In December 2022, CoinWire polled 10,000 crypto investors. 69% of respondents expected the metaverse to change social lifestyle with a new entertainment model, and 65% expected it to affect social activities.

Ethereum's Revenue Hit $9.9B in 2021 as ETH Emerges as the Most Searched Project
defi

Ethereum's Revenue Hit $9.9B in 2021 as ETH Emerges as the Most Searched Project

Ethereum (ETH) scaled the heights in 2021 by generating revenue to the tune of $9.9 billion thanks to a couple of use cases on its network.

Ethereum Exploded by More than 17.4% over the Weekend as Transaction Fees Recorded 205.99% Monthly Growth
defi

Ethereum Exploded by More than 17.4% over the Weekend as Transaction Fees Recorded 205.99% Monthly Growth

New data by on-chain data provider Santiment reveals that the uptrend over the weekend made Ethereum increase by more than 17.4%.

Yearn Finance (YFI) DeFi Token Hits $38K, Smashing Bitcoin's Price Record with 3,500% Price Surge
defi

Yearn Finance (YFI) DeFi Token Hits $38K, Smashing Bitcoin's Price Record with 3,500% Price Surge

Yearn.finance (YFI) surged to a new all-time high over the weekend, recording a market value north of $38,000 per token and beating Bitcoin’s record in 2017.

CEO of Composable Finance Vigorously Refutes Allegations
defi

CEO of Composable Finance Vigorously Refutes Allegations

Composable Finance CEO Omar Zaki denies Karel Kubat's claims that his business violated SEC cease-and-desist orders.

Defi Cross-chain Interoperability Protocol Nomad Raises $22.4m from Crypto Leaders
defi

Defi Cross-chain Interoperability Protocol Nomad Raises $22.4m from Crypto Leaders

Defi cross-chain interoperability protocol Nomad has secured a $22.4 million seed round from crypto industry leaders.

DeFi Platform HashBrownSwap Appoints Ian Scarffe as Advisor
defi

DeFi Platform HashBrownSwap Appoints Ian Scarffe as Advisor

Ian Scarffe's extensive investment experience globally has won him a spot at HashBrownSwap (HBS) as a blockchain and cryptocurrency advisor.

Bitcoin Bull Market Sentiment Is Sparking New Blockchain Startup Deals
defi

Bitcoin Bull Market Sentiment Is Sparking New Blockchain Startup Deals

The evolving and promising blockchain applications are emerging in parallel to technological advancements, enhancing customer experience and utilizing digital assets.

Coin98 Debuts Decentralized App Store on NEAR's Blockchain Operating System
defi

Coin98 Debuts Decentralized App Store on NEAR's Blockchain Operating System

Coin98 has launched a decentralized app store on NEAR's Blockchain Operating System, providing seamless access to top L2 and DeFi protocols for over 7 million users.