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Digital Asset Management Market Speculated to Generate $9.32B in Revenue by 2028
dao

Digital Asset Management Market Speculated to Generate $9.32B in Revenue by 2028

The digital asset management market is expected to generate revenue worth $9.32 billion by 2028 based on soaring demand, according to a report by SkyQuest Technology Consulting.

Arbitrum Proposes 75 Million ARB Short-Term Incentive Program
dao

Arbitrum Proposes 75 Million ARB Short-Term Incentive Program

Arbitrum ($ARB) Incentives Working Group proposes a Short-Term Incentive Program to distribute 75 million ARB tokens from DAO-funded incentives to active protocols on the Arbitrum network. The program aims to support network growth, experiment with incentive strategies, find new grant models, and collect incentive data for future programs.

TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash
dao

TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash

According to data from block explorer, Etherscan, the attacker of the TempleDAO hack, has moved the funds stolen via the recently sanctioned crypto mixer, Tornado Cash.

Lawsuit against Ooki DAO Takes New Twist as CFTC Commissioner Dissents Ruling
dao

Lawsuit against Ooki DAO Takes New Twist as CFTC Commissioner Dissents Ruling

The regulator said Ooki DAO offered digital asset margin trading, which they’re not permitted by law to do.

Wintermute Seeks $1.98M YFI Loan from Yearn DAO
dao

Wintermute Seeks $1.98M YFI Loan from Yearn DAO

Wintermute Trading proposes a 12-month loan of 350 YFI ($1.8 million) from the DAO's treasury to purchase yCRV tokens. The loan, if approved, will carry a 0.10% interest rate. Wintermute plans to deploy the yCRV-CRV Curve pool on Yearn for at least 12 months, enhancing liquidity.

Mythical Games Unveils Mythos Foundation DAO, Mythos Token to Democratize Web3 Gaming
dao

Mythical Games Unveils Mythos Foundation DAO, Mythos Token to Democratize Web3 Gaming

Mythical Games enlisted 22 partner companies and several big-name advisors in an effort to bring decentralization to Web3 gaming through the launch of the foundation and the token.

CFTC Files First Lawsuit Against DAO
dao

CFTC Files First Lawsuit Against DAO

The Commodity Futures Trading Commission (CFTC) has filed its first lawsuit against a decentralized autonomous organization (DAO).

Argent Crypto Intends to Build a Super App for Web3 with New $40m Funding
dao

Argent Crypto Intends to Build a Super App for Web3 with New $40m Funding

Argent, a London-based crypto wallet service provider wants to build a Super app that will serve as the go-to hub for all things crypto, including Web3.0, DeFi, DAOs and NFTs.

Maker (MKR) Token Hits a New High as MakerDAO's First Financing Proposal Gets Approved
dao

Maker (MKR) Token Hits a New High as MakerDAO's First Financing Proposal Gets Approved

The market value of altcoins broke through $1 trillion for the first time, and MAKER successfully attracted the attention of investors.

VeChain Announces VeBetterDAO Mainnet Launch
dao

VeChain Announces VeBetterDAO Mainnet Launch

VeChain unveils the mainnet launch of VeBetterDAO, a platform designed to accelerate Web3 adoption, sustainability, and decentralized governance.

Web3 Governance: Studying Political Systems at Scale Using DAOs
dao

Web3 Governance: Studying Political Systems at Scale Using DAOs

Exploring how DAOs are used to study political institutions through large-scale experiments.

Research Offers New Insights into DAO Governance Mechanisms
dao

Research Offers New Insights into DAO Governance Mechanisms

Exploring governance in DAOs through web3 experiments

SSV DAO Revamps Grants Strategy to Drive Innovation and Strategic Growth
dao

SSV DAO Revamps Grants Strategy to Drive Innovation and Strategic Growth

SSV DAO introduces a new grants strategy to enhance innovation and strategic partnerships in the ssv.network ecosystem.

Metaverse will change the world in 2022
dao

Metaverse will change the world in 2022

After Facebook has announced to change its name to "Meta" last summer, the whole world has focused on a term called "Metaverse". The word "Metaverse" has been searched in Google and Youtube every day. However, Meta is not a decentralized organization that is not a Decentralized Autonomous Organization (DAO), a Web.30 concept, and GameFi players may not like it.

First US DAO to battle SEC without lawyers
dao

First US DAO to battle SEC without lawyers

In its 2021 SEC filing, the DAO listed its native, interdependent tokens — the stablecoin Ducat and governance token Locke. The regulator has started the process of issuing a stop order, citing a slew of issues with the registration. American CryptoFed plans to file a motion to extend the deadline for responding to the SEC's Order Instituting Administrative Proceedings.

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

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.

Shiba Inu Lucie Addresses Key Questions Around SHIB and Rug Pull
dao

Shiba Inu Lucie Addresses Key Questions Around SHIB and Rug Pull

Lucie of Shibarium addresses concerns in tweets, emphasizing transparency and community resources. Highlights DAO development, token burns, and warns against misinformation. Discusses SHIB price drop and future uncertainties. Shibarium's active use and future plans mentioned.

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

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.

Koris: A Smart Contract-Based Platform
dao

Koris: A Smart Contract-Based Platform

Koris provides an end-to-end operational framework for DAOs to administer communities. On Jan. 17, the WEF released a toolbox supporting DAOs.

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

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.

Lido Finance Halts Operations on Solana Following Community Consensus
dao

Lido Finance Halts Operations on Solana Following Community Consensus

Lido Finance is discontinuing its operations on Solana blockchain following a community consensus within its DAO. The decision, revealed on October 16, 2023, comes after a proposal highlighting the unsustainable financials of Lido on Solana. Despite this cessation, Lido expresses continued optimism for Solana's ecosystem.

HDAO soared +1469% immediately after listing!
dao

HDAO soared +1469% immediately after listing!

Earlier, the most influential Hong Kong Digital Asset Exchange HKD.com launched its platform token HKD.com DAO (HDAO), sold out in 5 seconds.

Maker’s Dai Stablecoin Could Reach $2 Billion in Market Cap by the End of 2021—Here’s Why
dao

Maker’s Dai Stablecoin Could Reach $2 Billion in Market Cap by the End of 2021—Here’s Why

Messari boldly suggests that after Dai’s market cap surged by 15x this year, due to DeFi, the stablecoin’s market cap could double by the end of next year

JPEX Claims 70% of Voting Users Agree to Dividend Scheme; Lawmaker Warns of Debt Risks
dao

JPEX Claims 70% of Voting Users Agree to Dividend Scheme; Lawmaker Warns of Debt Risks

JPEX, a virtual asset trading platform suspected of illegal operations, has proposed a DAO stakeholder dividend scheme. While 70% of participating users have agreed, lawmaker Huang Junshuo warns of potential debt risks. The platform is also under legal scrutiny, with ongoing investigations into fraud.

CyberConnect Fully Responsible for Proposal Fueling CYBER Token Manipulation Rumors
dao

CyberConnect Fully Responsible for Proposal Fueling CYBER Token Manipulation Rumors

CyberConnect has retracted a proposal aiming to optimize CYBER liquidity across Ethereum, Optimism, and BNB Chain, citing rumors of CYBER token manipulation and market control. The revised proposal will focus on a bridge for free CYBER movement, undergoing a multi-day voting period and security audit.

World Economic Forum Recognized Six Blockchain Companies as “Technology Pioneers” in 2020, Including MakerDAO and Chainlink
dao

World Economic Forum Recognized Six Blockchain Companies as “Technology Pioneers” in 2020, Including MakerDAO and Chainlink

The World Economic Forum (WEF) has honored six blockchain companies on its list of 100 “early to growth-stage” firms Technology Pioneers for 2020, including MakerDAO and Chainlink.

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

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.

Blockchain.News Presents: State of DeFi Survey
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Blockchain.News Presents: State of DeFi Survey

Blockchain.News State of DeFi Survey

TemDAO World Heritage Project Helps the Cultural Sector through Democracy-Fueled Donations
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TemDAO World Heritage Project Helps the Cultural Sector through Democracy-Fueled Donations

TemDAO is a world heritage project that seeks to protect and preserve cultural assets through donations and democracy. The project, powered by the $TEM token, ensures the long-term sustainability of global cultural sites.

Keiji Inafune and Seiichi Ishii with Minnapad for New Web3 Projects
dao

Keiji Inafune and Seiichi Ishii with Minnapad for New Web3 Projects

Famed Developers of Iconic Game Franchises, Mega Man and Tekken to Serve as Inaugural Legends DAO Partners with Their Original IPs, BEASTROID and BRAIN FIGHTER, on a New Platform

Polygon Co-Founder Proposes zk-Powered ApeChain
dao

Polygon Co-Founder Proposes zk-Powered ApeChain

A proposal for developing a dedicated Layer-2 chain, ApeChain, to support ApeCoin ecosystem’s growth was made within the ApeCoin DAO community by Sandeep Nailwal of Polygon Labs. The initiative aims to solve scalability issues and promote ApeCoin-integrated projects through a collaborative effort between ApeCoin DAO and Polygon Labs. Estimated at an annual cost of $200,000 funded by ApeCoin DAO, the proposal garnered support as well as raised concerns and queries from the community regarding its financial, technical, and strategic aspects.

Dragonfly Capital Completes $3.5M Seed Round Funding For Debt DAO
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Dragonfly Capital Completes $3.5M Seed Round Funding For Debt DAO

Dragonfly Capital completed a $3.5 million seed round for crypto credit protocol Debt DAO, according to a press release.

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

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?

Chainalysis Finds Ownerships of Web3 DAOs Are Not Actually Decentralized
dao

Chainalysis Finds Ownerships of Web3 DAOs Are Not Actually Decentralized

Chainalysis research study shows that most DAOs are not actually decentralized as they are intended to be, instead, they are normally controlled by a few founder members. In fact, they are designed to prevent an accumulation of power by a few members.

SushiSwap CEO Proposes New Token Model
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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.

ApeCoin DAO Signs Off on a $4.4M Bug Bounty
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ApeCoin DAO Signs Off on a $4.4M Bug Bounty

ApeCoin DAO has agreed to launch a $4.4M bug bounty on ImmuneFi

FlamingoDAO NFT Portfolio Valuation Touches $1B
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FlamingoDAO NFT Portfolio Valuation Touches $1B

FlamingoDAO's NFT portfolio is now worth an estimated $1 billion, DAO's members and reports from Forbes confirmed.

Ondo Points Program Launches
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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.

MakerDAO Votes to Bring Another Commercial Bank Into Its Ecosystem
dao

MakerDAO Votes to Bring Another Commercial Bank Into Its Ecosystem

MakerDAO is voting on adding a commercial bank.

Dai Stablecoin Reaches 100 Million in Debt Ceiling – An All-Time-High
dao

Dai Stablecoin Reaches 100 Million in Debt Ceiling – An All-Time-High

The Dai (DAI) stablecoin reached the protocol’s built-in debt ceiling of 100 million as there has been 100 million Dai tokens minted. The nearly two-year-old stablecoin project had an original debt ceiling of 50 million, which was raised to 100 million in July 2018.

Tron DAO Reserve Buys $50M BTC, TRX
dao

Tron DAO Reserve Buys $50M BTC, TRX

Tron DAO Reserve announced through Twitter that it bought $50 million worth of Bitcoin and Tron (TRX) to "safeguard the overall blockchain industry and crypto market."

Can MakerDAO Survive the Coronavirus Pandemic?
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Can MakerDAO Survive the Coronavirus Pandemic?

The coronavirus pandemic and growing macroeconomic uncertainties have seriously dampened the cryptocurrency market, which Bitcoin once dipped below USD 4000. The “Red Sea” has expanded across the market of decentralized finance (DeFi), where the total value locked (USD) for DeFi market dropped from USD 649m to USD 246m.

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

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.

Metaverse Giants Collaborate to Form DAO Metaverse Alliance
dao

Metaverse Giants Collaborate to Form DAO Metaverse Alliance

Metaverse developers have collaborated to form the DAO Metaverse called "Open Metaverse Alliance for Web3" (OMA3), aiming to provide enterprises with new decentralized business models.

MakerDAO Keeps USDC as Primary Collateral for Dai
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MakerDAO Keeps USDC as Primary Collateral for Dai

MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.

US SEC Halts American Cryptofed DAO’s Registration for Digital Tokens
dao

US SEC Halts American Cryptofed DAO’s Registration for Digital Tokens

The US regulator stopped American Cryptofed DAO based on the ground that the firm failed to register its two digital tokens “Ducat” and “Locke” as securities.

Uniswap (UNI) Proposes Governance Upgrade to Incentivize Delegation and Protocol Growth
dao

Uniswap (UNI) Proposes Governance Upgrade to Incentivize Delegation and Protocol Growth

Uniswap Foundation's new governance proposal aims to activate protocol governance by incentivizing token holders through staking rewards.

Arbitrum Foundation Launches its First Grant Program to Foster Ecosystem Growth
dao

Arbitrum Foundation Launches its First Grant Program to Foster Ecosystem Growth

The Arbitrum Foundation has announced the launch of its inaugural grant program, marking a significant step towards fulfilling its mission of fostering ecosystem growth.

TRON Academy Announces 7 New Partners and New Activations
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TRON Academy Announces 7 New Partners and New Activations

TRON DAO recently launched The TRON Academy initiative to empower young blockchain enthusiasts from top-tier universities around the world. Creators are being welcomed to take advantage of early-stage development opportunities in the TRON ecosystem. Partnerships have been developed with existing blockchain clubs, and coaching support is available for students interested in establishing new clubs on their campuses.

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

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

Hedge Fund Billionaire Ken Griffins Manages to Outbid for Copy of US Constitution
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Hedge Fund Billionaire Ken Griffins Manages to Outbid for Copy of US Constitution

Hedge Fund billionaire Ken Griffins outbid a coalition of crypto investors to buy a rare, first-edition copy of the US constitution at a Sotheby’s auction.

Tron Blockchain Launches USDD Decentralized Stablecoin by Tron DAO Reserve
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Tron Blockchain Launches USDD Decentralized Stablecoin by Tron DAO Reserve

Justin Sun, the founder of the Tron blockchain network, said that he has launched a USDD decentralized stablecoin pegged to the US dollar at a ratio of 1:1 through the Tron DAO Reserve.

The Top Dapps to Consider Using in 2020
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The Top Dapps to Consider Using in 2020

DApps are a significant shift from traditional apps, majorly due to the underlying principle of decentralization, which drives the whole lifecycle. While traditional apps are controlled by centralized authority, DApps run on a decentralized blockchain. Now, let’s look at some of the top useful DApps that consumers should consider using.

Japan Advances LLC-Type DAOs: Easing Tokenized Membership Rights Regulations
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Japan Advances LLC-Type DAOs: Easing Tokenized Membership Rights Regulations

Japan proposes amendments to ease regulations on tokenized membership rights for Decentralized Autonomous Organizations (DAOs), aligning tokenized rights with traditional company memberships, marking a significant step towards fostering DAO operations.

Gitcoin Pivots to Ethereum Grants
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Gitcoin Pivots to Ethereum Grants

Gitcoin, the open-source funding platform, announces a strategic shift from public goods funding to concentrate on grants infrastructure for the Ethereum ecosystem. This reorganization aims to enhance technological development within Ethereum, transitioning from a flat organizational structure to a more defined "Labs" model for improved efficiency and direction.

Julian Assange Supporters Raise over 12,500 ETH via DAO for his Freedom
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Julian Assange Supporters Raise over 12,500 ETH via DAO for his Freedom

Donors have formed AssangeDAO to free WikiLeaks founder Julian Assange from extradition to the United States and facilitate his freedom from prison.

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

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.

Arbitrum's Governance Token Return Proposal Rejected
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Arbitrum's Governance Token Return Proposal Rejected

A proposal to return 700 million ARB governance tokens to Arbitrum's DAO Treasury was rejected by 84% of the total votes received. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval in March.

Polygon Network Contemplating the Idea of Creating DAOs
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Polygon Network Contemplating the Idea of Creating DAOs

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

MeebitsDAO Manager to Push Meebits Branding for Yuga Labs
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MeebitsDAO Manager to Push Meebits Branding for Yuga Labs

Yuga Labs has revealed plans to onboard MeebitsDAO general manager Danny Greene as the new brand lead for Meebits at Yuga Labs.

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

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.

Twenty-Two Highlights from TRON’s Historic 2022
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Twenty-Two Highlights from TRON’s Historic 2022

For TRON DAO, 2022 was a year of historic growth. Here are 22 highlights from the fastest growing public blockchain’s record year

Justin Sun Proposes the Establishment of Tron DAO Reserve and to Launch USDD Stablecoin
dao

Justin Sun Proposes the Establishment of Tron DAO Reserve and to Launch USDD Stablecoin

Justin Sun, the founder of the Tron blockchain network, is stepping up his responsibility in the broader digital currency ecosystem with the establishment of the Tron DAO Reserve.

Hong Kong SFC Warns Against Crypto Entities HongKongDAO and BitCuped for Suspected Fraud
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Hong Kong SFC Warns Against Crypto Entities HongKongDAO and BitCuped for Suspected Fraud

The SFC of Hong Kong warns against HongKongDAO and BitCuped for suspected fraud, blocking their websites and extending caution to other virtual asset platforms.

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

Arbitrum DAO Explores Grants to Boost Web3 Gaming Development
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Arbitrum DAO Explores Grants to Boost Web3 Gaming Development

Arbitrum DAO is discussing grants to support Web3 gaming, with phases of development receiving $100,000 to over $1.5 million. This effort aims to capitalize on the growing $272 billion gaming industry, enhance Arbitrum's gaming ecosystem, and position it competitively in the Web3 space.

Web3 Revolutionizes Startup and Investor Landscape
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Web3 Revolutionizes Startup and Investor Landscape

Professionals at Paris Blockchain Week 2023 discuss how Web3 disrupts traditional business models and offers new opportunities for startups and investors. Different cultures in Web3 and Web2 startups were analyzed, with emphasis on the role of investors in Web3 and the challenges faced by startups.

Web3 Hackathon on Astar sponsored by Toyota Motor Corporation
dao

Web3 Hackathon on Astar sponsored by Toyota Motor Corporation

Toyota Motor Corporation, Japan’s largest conglomerate with over 330,000 employees worldwide, is sponsoring its first ever global Web3 hackathon. It has chosen Astar Network, the smart contract platform for multichain, to make Web3 use cases for Toyota’s employees.

Tornado Cash Used to Siphon $500k from Hacked DAO Maker - PeckShield
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Tornado Cash Used to Siphon $500k from Hacked DAO Maker - PeckShield

Blockchain Security Company PeckShield and Crypto Security Specialist, CertiK have announced that a hacker laundered $500, 000 DAI stablecoins via Tornado Cash

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

CowDAO Pulls $23m in Funding to Power EVM Interoperability
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CowDAO Pulls $23m in Funding to Power EVM Interoperability

CoWDAO, the Decentralized Autonomous Organization behind the CoW Protocol, has raised the sum of $23 million from a mixture of private investors and the platform’s community members.

HackerOne User Finds Critical Bug in MakerDAO Upgrade
dao

HackerOne User Finds Critical Bug in MakerDAO Upgrade

MakerDAO has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users thanks to HackerOne user lucash-dev.

Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation
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Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation

Argentinians have taken refuge in stablecoins after the nation’s economy minister Martin Guzman resigned over the weekend attributed to the financial crisis crushing the South American country.

ADGM Launches Pioneering DLT Foundations Regime
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ADGM Launches Pioneering DLT Foundations Regime

Abu Dhabi Global Market's Registration Authority has introduced the Distributed Ledger Technology Foundations Regulations 2023, a global legislative framework designed to facilitate token issuance, promote governance, and drive transparency in the crypto sector.

Puerto Rico Police Say No Evidence of Foul Play in MakerDao Co-Founder’s Death
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Puerto Rico Police Say No Evidence of Foul Play in MakerDao Co-Founder’s Death

On Friday, local district police in Puerto Rico announced the results of the investigation into the death of MakerDAO Co-Founder Nikolai Mushegian. The report said there is no evidence of criminal elements involved in the death.

Tron DAO to Purchase 1 billion USDT to Combat Short Sellers
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Tron DAO to Purchase 1 billion USDT to Combat Short Sellers

The Tron Dao reserve is now set to purchase 1 billion USDT to combat short sellers and bring the stablecoin USDT back to its normal price.

MakerDAO Adds Layer-2 Network StarkNet to Address DAI Transaction Costs
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MakerDAO Adds Layer-2 Network StarkNet to Address DAI Transaction Costs

The newly integrated StarkNet, a zero-knowledge proof layer 2 protocol, aims to improve efficiency of DAI stablecoin.

Sharks Dominated ApeCoin APE's Trading Volume in Q2 2023
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Sharks Dominated ApeCoin APE's Trading Volume in Q2 2023

In Q2 2023, ApeCoin's (APE) trade volume was dominated by sharks (traders with $1M-$10M daily trading). Despite a 32% price drop, APE's governance remained robust with new council members elected and continued funding for ecosystem development.

MakerDAO Increases US Treasury Bond Holdings by 150%
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MakerDAO Increases US Treasury Bond Holdings by 150%

MakerDAO passed a proposal to increase its US Treasury bond holdings by 150% to $1.25 billion. The move aims to diversify its liquid assets and boost revenue stream through a net annualized yield of 4.6% to 4.5%. The bonds will be purchased with equal maturities over a six-month period.

Judge Directs CFTC To Sue Ooki DAO Creators
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Judge Directs CFTC To Sue Ooki DAO Creators

The Commodities Future Trading Commission (CFTC) must serve its complaint to the Ooki decentralized autonomous organization's two founders, according to a federal court. The DAO was first served a lawsuit through a support chat box, but a federal court ordered the regulator to "serve at least one identified Token Holder". After discovering Bean and Kistner were Oki DAO token holders, Judge Orrick evaluated the CFTC's litigation service. The CFTC and amicus brief filers appeared before the U.S. District Court for the Northern District of California on Dec. 7. "Illegally providing leveraged and margined retail commodities trades in digital assets" via bZeroX led to Bean and Kistner's CFTC settlement. It sued Ooki DAO, claiming it used bZerox's software after taking control.

Arbitrum's ARB Token Airdrop Triggers OTC Trading
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Arbitrum's ARB Token Airdrop Triggers OTC Trading

The announcement of the ARB token airdrop by Arbitrum Foundation has triggered over-the-counter (OTC) trading of the unreleased tokens. ARB marks Arbitrum's official transition into a decentralized autonomous organization (DAO), giving ARB holders the power to vote on key decisions governing Arbitrum One and Arbitrum Nova. The airdrop will grant 11.5% of the total supply to eligible Arbitrum users and 1.1% to DAOs in the Arbitrum ecosystem.

Bancor 3 Integrates Over 100 Tokens to Enhance DeFi Liquidity
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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.

LidoDAO is considering selling or staking its $30 million
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LidoDAO is considering selling or staking its $30 million

LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings.

Crypto Group ConstitutionDAO Plans to Refund Money and Shutdown, after Losing Auction
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Crypto Group ConstitutionDAO Plans to Refund Money and Shutdown, after Losing Auction

After failing to outbid billionaire Ken Griffin in auction for a copy of the US Constitution, the decentralized autonomous organisation ConstitutionDAO is planning to shut down after refunding the money it raised.

Users Panic as Nexo Withdraws 7,758.8 WBTC from MakerDAO
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Users Panic as Nexo Withdraws 7,758.8 WBTC from MakerDAO

There have been panic in the digital space amidst rumours of Nexo being insolvent due to the abrupt withdrawal of Wrapped Bitcoin (WBTC) from MakerDAO with an address labelled as Nexo Ox8fd

Panda DAO to Refund Investors as it Explores Protocol Dissolution
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Panda DAO to Refund Investors as it Explores Protocol Dissolution

Panda DAO, a Decentralized Autonomous Organization, is putting forth a proposal to dissolve its treasury and repay its investors if the proposal is passed.

Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases
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Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases

Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases.

Aave Reaches Highest Total Value Locked in DeFi, Overtaking MakerDAO for Most Collateral Staked
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Aave Reaches Highest Total Value Locked in DeFi, Overtaking MakerDAO for Most Collateral Staked

Aave, an open-source and non-custodial lending protocol, recently reached $1.47B of crypto assets staked, overtaking MakerDAO, which has $1.45 billion in TVL.

PartyDAO Raises $16.4 Million Led by a16z
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PartyDAO Raises $16.4 Million Led by a16z

PartyDAO has raised $16.4 million in funding led by Andreessen Horowitz (a16z), The Block reported.

Proposal to Return ARB Tokens to Arbitrum DAO Treasury Rejected
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Proposal to Return ARB Tokens to Arbitrum DAO Treasury Rejected

A proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO treasury was rejected after receiving only 14.5% of the total votes. The proposal called for the foundation to return the tokens as a symbolic gesture to demonstrate the DAO's control over the governance holders. The rejection comes amid a dispute between Arbitrum's community and foundation over its governance proposal AIP-1.

Mantle Core Proposes $200M Fund for Web3 Startups
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Mantle Core Proposes $200M Fund for Web3 Startups

Mantle Core has submitted a proposal to create a $200 million fund for early-stage Web3 startups, aiming to boost adoption of its Ethereum layer-2 network, Mantle, among developers and Dapps. BitDAO's treasury would provide $100 million in USD Coin, while another $100 million would come from external matching capital from strategic venture partners. The Mantle EcoFund and venture partners will participate in projects with a 1:1 co-investment ratio, targeting Web3 startups raising pre-seed, seed, and series A rounds.

MakerDAO Intends to Depeg DAI from USDC
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MakerDAO Intends to Depeg DAI from USDC

Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider de-pegging its native token DAI from stablecoin USD Coin (USDC).

Prime Minister of Japan Fumio Kishida Comes Out in Support
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Prime Minister of Japan Fumio Kishida Comes Out in Support

On Feb. 1, Prime Minister Fumio Kishida addressed the House Budget Committee on DAOs, NFTs, and Web3.

ConstitutionDAO Fails to Win the U.S. Constitution Copy on Sotheby’s Auction, after Raising Crowdfund $47M
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ConstitutionDAO Fails to Win the U.S. Constitution Copy on Sotheby’s Auction, after Raising Crowdfund $47M

Breaking: Decentralised autonomous organisation ConstitutionDAO lost ownership by failing to win the bid for the printed copy of the U.S. Constitution at a Sotheby’s public auction. The Lot finally sold for $43.2 million.

Oasis.app and Jump Crypto Retrieve $225 Million in Crypto
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Oasis.app and Jump Crypto Retrieve $225 Million in Crypto

The hacker's vaults show that Oasis sent 120,695 wstETH and 3,213 rETH to Jump Crypto on February 21.

Binance Now Ranked as the Second Largest Voting Power in Uniswap DAO
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Binance Now Ranked as the Second Largest Voting Power in Uniswap DAO

Binance is now ranked as the second-largest voter in the Uniswap DAO after a16z

MakerDAO, on the Significance of Multi-Collateral Dai and Dai Savings Rate
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MakerDAO, on the Significance of Multi-Collateral Dai and Dai Savings Rate

In part two of our interview with Gustave Arentoft, Business Development, Dai Speaker, MakerDAO: he shared with us the significance of the launch of multi-collateral DAI and Dai Savings Rate (DSR), as well as his favourite Dapps which integrates DSR.

HKD.com Fully Upgraded! A New Outlook Comes Out
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HKD.com Fully Upgraded! A New Outlook Comes Out

Hong Kong-based digital assets exchange HKD.com announced the completion of system upgrades. The system brings a new dynamic outlook by providing serval new features and functions, offering faster, accessible and safer trading experiences.

Aave DAO Passes Proposal to Recover Lost Tokens
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Aave DAO Passes Proposal to Recover Lost Tokens

Aave DAO has passed a proposal called “Rescue Mission Phase 1 Long Executor” to recover lost AAVE, LEND, Tether, UNI, and staked AAVE tokens that were mistakenly sent to certain token contracts in the past. This proposal authorizes Aave developers to upgrade the smart contracts and send the lost tokens back to their original owners automatically. The new implementations for these contracts will only include extra logic during initialization, implying that future tokens mistakenly sent to these addresses may not be recoverable.

NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
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NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis

Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote.

MakerDAO Implements Emergency Measures Amid Market Volatility
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MakerDAO Implements Emergency Measures Amid Market Volatility

MakerDAO approves an Executive Vote for crucial changes in response to market conditions, aimed at stabilizing the DAI peg and enhancing the protocol's resilience.

Coinbase's Base 2024 Mission: Pioneering a Global Onchain Economy
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Coinbase's Base 2024 Mission: Pioneering a Global Onchain Economy

Base's 2024 mission focuses on building a global onchain economy, emphasizing decentralization, developer empowerment, a vibrant app ecosystem, and a robust capital market, all while maintaining close ties with Coinbase and the broader crypto community.

Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?
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Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?

Yearn.finance, a decentralized finance (DeFi) protocol, has recently launched yETH vault, enabling the process of seeking the best returns for yield farmers

Missing lawsuit response date, Ooki DAO faces default judgment.
dao

Missing lawsuit response date, Ooki DAO faces default judgment.

The CFTC is seeking a default judgment against Ooki DAO. DAO missed the lawsuit response deadline. The record of default will show that the DAO did not appear in court. The court issues a default judgment if the defendant fails to defend a case.

"The Wars to Come," Blockchain - A Game Changer for Auditors
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"The Wars to Come," Blockchain - A Game Changer for Auditors

Blockchain technology has the potential to upend Audit, Assurance and Control functions —Auditors need to stay attuned to emerging use cases. As Role and skillsets of Auditors will change as new Blockchain-based techniques and procedures emerge.

Venture capital firm Andreessen Horowitz voted against a Uniswap proposal
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Venture capital firm Andreessen Horowitz voted against a Uniswap proposal

Andreessen Horowitz (a16z) opposed a final plan to instal Uniswap V3 on the BNB Chain utilising the Wormhole bridge.

Core's Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability
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Core's Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability

Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability.

Lido Finance Community Votes on Critical Governance Proposal
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Lido Finance Community Votes on Critical Governance Proposal

Lido Finance community members cast their votes on a pivotal governance proposal, shaping the future direction of the staking platform.

Ondo Foundation Unveils ONDO Points and Token Unlock Plan
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Ondo Foundation Unveils ONDO Points and Token Unlock Plan

The Ondo Foundation introduces Ondo Points to enhance community engagement and proposes an unlock plan for ONDO tokens, advancing its mission in the DeFi space.

LinksDAO and Spey Bay Golf Club
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LinksDAO and Spey Bay Golf Club

"LinksDAO" may acquire a $900,000 Scottish golf course. Voting closes on Feb. 22 at 12pm ET, with 88% of voters supporting the acquisition.

TRON DAO Team Goes to NFT NYC 2023 and Announces Uquid Partnership
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TRON DAO Team Goes to NFT NYC 2023 and Announces Uquid Partnership

They say if you can’t make it there, you can’t make it anywhere. So, the TRON DAO team gave Gotham a go.

Ooki DAO Seeks Legal Defence against CFTC Drawing on Community Support
dao

Ooki DAO Seeks Legal Defence against CFTC Drawing on Community Support

With the lawsuit from the CFTC now filed, the DAO has opened a public forum for discussion such that its members will explore the best avenues to respond to the lawsuit.

Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks
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Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks

Metacade, the first-ever community-developed play-to-earn (P2E) blockchain arcade, has announced the launch of its highly anticipated $MCADE token presale. The sale of Metacade’s native utility token sold over an incredible $670k in under 2 weeks, with their Beta Sale stage now over 60% SOLD OUT.

The Future of DAOs Takes Center Stage in Tel Aviv
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The Future of DAOs Takes Center Stage in Tel Aviv

The DAOVOZ collective is excited to announce the inaugural DAOVOZ Tel Aviv event on February 8th, as part of the festivities surrounding ETH TLV and Building Blocks. This event will focus on the needs of builders in the DAO space and provide clarity on emerging best-practices for decentralized autonomous organizations that want to build with sustainable success in mind.

HKD.com HDAO: Restructure and Burn for a Better Future
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HKD.com HDAO: Restructure and Burn for a Better Future

With the new HDAO (HKD.com HDAO) proposal passed in the recent meeting between HDAO private investors, HDAO foundation, and the HDAO development team, HDAO foundation decided to restructure the HDAO distribution and move the entire HDAO from Ethereum, and Tron networks to Polygon network.

Moonbirds DAO Prepares for Launch With $2.6M Seed from Kevin Rose’s Proof
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Moonbirds DAO Prepares for Launch With $2.6M Seed from Kevin Rose’s Proof

The Moonbirds DAO will create an open and inclusive platform allowing members to vote on proposals that expand the rising NFT ecosystem.

CreatorDAO Community Raises $20M in Seed Fund
dao

CreatorDAO Community Raises $20M in Seed Fund

CreatorDAO, a decentralized autonomous organization, announced that it raised $20 million in a seed round led by Andreessen Horowitz and Initialized Capital.

Stargate Foundation advised against reissuing STG token
dao

Stargate Foundation advised against reissuing STG token

Stargate Foundation has been advised against reissuing the STG token by its DAO due to concerns raised by FTX liquidators following the bankruptcy of FTX and Alameda Research's wallets being hacked for roughly $500 million.

Illuvium Community Blocks NFT Event Over Controversial Figure
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Illuvium Community Blocks NFT Event Over Controversial Figure

Illuvium's community utilized its decentralized autonomous organization (DAO) to block an NFT event between Illuvium CEO Kieran Warwick and Three Arrows Capital founder Su Zhu. Due to controversies surrounding Zhu, Illuvium's community expressed concerns over the potential risks of being associated with him. The DAO then voted unanimously to cancel the event to avoid any association with Zhu.

HKD.com HDAO:代幣分布重組和燒毀,共創美好未來
dao

HKD.com HDAO:代幣分布重組和燒毀,共創美好未來

在 HDAO 私募投資者、HDAO 基金會和 HDAO 開發團隊最近的會議上通過了新的 HDAO (HKD.com HDAO) 提案,HDAO 基金會決定重組 HDAO 分佈,並將整個 HDAO代幣從以太坊和波場網絡轉移到Polygon網絡。

Stablecoin Issuer MakerDAO Invests $500m into U.S Treasuries & Corporate Bonds
dao

Stablecoin Issuer MakerDAO Invests $500m into U.S Treasuries & Corporate Bonds

The move is an attempt by MakerDAO to diversify its holdings by allocating $500 million for investment in U.S. short treasuries and corporate bonds.

BendDAO Considering Expanding into ApeCoin NFT Staking Programme
dao

BendDAO Considering Expanding into ApeCoin NFT Staking Programme

BendDAO plans to introduce a BendEarn NFT platform that enables staking of major tokens like ApeCoin, Bored Ape, Mutant Ape, and Bored Ape Kennel Club NFTs. The NFT platform will allow BendDAO users to earn passive income with NFTs through the available innovative features like a dashboard, four staking pools, and market tools.

Ash Environmental DAO Announces Ash Token Sale to Champion Social Good
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Ash Environmental DAO Announces Ash Token Sale to Champion Social Good

Ash Environmental DAO has announced the dates of its token sale. The event will run from April 17 to May 7, giving participants the chance to purchase the Ash token and become part of a global ecosystem committed to funding high-impact innovations to address real-world challenges.

BAYC tied ApeCoin Makes Debut
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BAYC tied ApeCoin Makes Debut

Crypto token ApeCoin ($APE) was unveiled in the official Bored Ape Yacht Club (BAYC) Twitter account which detailed initiatives planned by creator Yuga Labs.

Explosive Growth Forecasted for Blockchain Gaming: Market to Hit $614 Billion by 2030
dao

Explosive Growth Forecasted for Blockchain Gaming: Market to Hit $614 Billion by 2030

The blockchain gaming market is predicted to surge from $154.46 billion in 2023 to $614.91 billion by 2030, fueled by trends like DAOs, crypto adoption, AR/VR, cloud gaming, and creative collaborations.

DeFi TVL Rebounds to the $54 Billion Mark, Eth-based MakerDAO Remains Dominant Lender
dao

DeFi TVL Rebounds to the $54 Billion Mark, Eth-based MakerDAO Remains Dominant Lender

The total value locked (TVL) in DeFi rebonds to approximately $54 billion currently. The TVL has been down since October 12, trading between $53.7 and $53.29 billion level.

Floki Enters the Tokenization Arena with TokenFi Launch
dao

Floki Enters the Tokenization Arena with TokenFi Launch

Floki announces the launch of TokenFi, a platform designed to simplify the tokenization process in the expanding tokenization industry, projected to hit $16 trillion by 2030. The platform, backed by significant partnerships and with a strategic plan to ensure a smooth launch, reveals a larger roadmap set for October 27, 2023, with trading beginning at 3 PM UTC. The strategic moves include partnerships with DWF Labs and World Table Tennis, aligning with the industry's growth trajectory.

HDAO Launches New Burning Mechanism, 50% of Tokens in Total to be Burnt
dao

HDAO Launches New Burning Mechanism, 50% of Tokens in Total to be Burnt

The foundation of HDAO (HKD.com DAO) announced to rolling out of a new burning mechanism aiming to destroy 50% of the total amount of HDAO tokens.

Total Value Locked in Maker Reaches a Record High as Maker Foundation Returns Dev Fund to DAO
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Total Value Locked in Maker Reaches a Record High as Maker Foundation Returns Dev Fund to DAO

Maker's total value locked (TVL) surged to $12.02B, hitting a record high amid Maker Foundation's announcement that it would refund 84,000 MKR from the development fund to the MakerDAO.

Is Ethereum 2.0 Ready For the Bull Run?
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Is Ethereum 2.0 Ready For the Bull Run?

The initial stage of Ethereum 2.0 is set to start in a few months, with many experts arguing that it may be the catalyst for a huge industry bull run. Adam Cochran, a partner at MetaCartel Ventures DAO, released a blog which outlined why he believes Ethereum 2.0 “could prove to be the largest economic shift in society.” So, is Ethereum 2.0 ready for the bull run?

Ethereum Hit 1 million Daily Transactions since May 2018
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Ethereum Hit 1 million Daily Transactions since May 2018

As reported by leading Ethereum block explorer Etherscan, Ethereum hit over 1mn daily transactions on 28 June, the first time since May 2018.

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

Block.one Settles with SEC to the Tune of $24 Million
dao

Block.one Settles with SEC to the Tune of $24 Million

Blacksburg startup Block.one has agreed to pay $24 million (HK$ 188 million) in fines to settle the allegations of unlawfully selling its ICO (initial coin offering) to US investors. The blockchain company had raised several billion dollars between 2017 and 2018 by selling its own digital currency.

Bluzelle Launch Looms as Decentralized Storage Goes Mainstream
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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.

ANKR/CRV/STORJ Price Analysis – March 24,2021
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ANKR/CRV/STORJ Price Analysis – March 24,2021

ANKR, CRV, and STORJ are included in the Coinbase Pro list and have increased by 42.57%, 23.73% and 102.00% respectively within the last 24 hours.

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