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

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.

RIFT Protocol Solves the Scalability Problems in Blockchain
protocol

RIFT Protocol Solves the Scalability Problems in Blockchain

RIFT Protocol is a potential solution that could make the scalability problem in blockchain market a thing of the past.

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

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.

Chaintope Establishes Public Blockchain Protocol to Overcome Governance Challenges
protocol

Chaintope Establishes Public Blockchain Protocol to Overcome Governance Challenges

Chaintope, a Japanese blockchain startup, has developed a public blockchain protocol known as Tapyrus to tackle some of the governance issues currently being witnessed in the blockchain space. For instance, some of the challenges noted in public blockchains include privacy concerns and sluggish transaction speeds.

DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack
protocol

DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack

Yearn.Finance decentralized finance protocol suffered a $2.8 million loss after a flash loan attack, a scheme frequently seen in the fast-rising DeFi sector.

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

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.

Bithumb Touts Indian Alliances for its New Blockchain Protocol
protocol

Bithumb Touts Indian Alliances for its New Blockchain Protocol

Bithumb Global, one of the biggest cryptocurrency exchanges globally, has announced its intent of availing its new blockchain protocol in India. Dubbed 'Bithumb Chain,' the South Korea based exchange seeks to avail it to Indian startups, companies and even the administration for developing products and services on the foundation of blockchain technology.

Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach
protocol

Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach

Origin Protocol is the latest DeFi platform to lose $7 million due to hacking. The company has said that it is working to restore the stolen funds.

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

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.

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

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.

Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam
protocol

Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam

The founder of Ethereum-based smart contract platform Oyster Protocol has been arrested following an exit scam in which he reaped a multi-million dollar profit.

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

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.

Boson Protocol Launches Redeemable NFTs For Real World Assets
protocol

Boson Protocol Launches Redeemable NFTs For Real World Assets

Boson Protocol has revamped its platform to include redeemable NFTs

Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies
protocol

Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies

Ethereum's co-founder, Vitalik Buterin, reflects on Ethereum's protocol enhancement strategies in a recent blog post, weighing the merits of a minimalistic approach versus enshrining more features into the core protocol to address various user needs and system efficiencies. The discussion encompasses account abstraction challenges, the shift towards enshrinement, and the exploration of specific enshrinement targets like ZK-EVMs, proposer-builder separation, private mempools, liquid staking, and precompiles.

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

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.

Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record
protocol

Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record

Ethereum has been making notable strides in terms of burnt Ether after crossing the 1 million ETH mark.

Worldcoin's Global Identity Protocol Hits 2 Million Sign-ups
protocol

Worldcoin's Global Identity Protocol Hits 2 Million Sign-ups

Worldcoin, aiming to be largest identity and financial network, led by chatgpt owner OpenAI CEO Sam Altman, as a public utilityan innovative global identity protocol, has announced a significant milestone, reaching 2 million World ID sign-ups during its beta phase

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

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.

Understanding Consensus Protocols: A Comparative Study of PBFT and BBCA-Chain by Chainlink (LINK)
protocol

Understanding Consensus Protocols: A Comparative Study of PBFT and BBCA-Chain by Chainlink (LINK)

An exploration of sequential and parallel consensus protocols, focusing on the differences between PBFT and BBCA-Chain.

OKX Ventures Invests in Pencils Protocol, Boosting the Scroll Ecosystem
protocol

OKX Ventures Invests in Pencils Protocol, Boosting the Scroll Ecosystem

OKX Ventures announces its investment in Pencils Protocol, a next-gen decentralized platform within the Scroll ecosystem.

Tezos (XTZ) Activates Paris Protocol Upgrade, Enhancing Scalability and Staking
protocol

Tezos (XTZ) Activates Paris Protocol Upgrade, Enhancing Scalability and Staking

Tezos' Paris protocol upgrade enhances blockchain scalability and staking.

Binance to Support Token Merge for Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX)
protocol

Binance to Support Token Merge for Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX)

Binance announces support for Fetch.ai, Ocean Protocol, and SingularityNET token merge into ASI.

Stellar (XLM) Protocol 21 Goes Live, Enhancing Network Efficiency
protocol

Stellar (XLM) Protocol 21 Goes Live, Enhancing Network Efficiency

Stellar (XLM)'s public network validators voted to upgrade to Protocol 21, introducing five new Core Advancement Proposals to enhance network efficiency and cost-effectiveness.

Oasys Gaming Protocol Unveils Plans for Mainnet Launch in Three Phases
protocol

Oasys Gaming Protocol Unveils Plans for Mainnet Launch in Three Phases

Oasys gaming protocol has unveiled the three phases for its mainnet launch

EigenLayer Restaking Protocol Launches on Ethereum Mainnet, Unlocking Delegation and Security Expansion
protocol

EigenLayer Restaking Protocol Launches on Ethereum Mainnet, Unlocking Delegation and Security Expansion

EigenLayer, an Ethereum restaking protocol, has launched, enabling restakers to delegate stakes to operators, promoting decentralized innovation and lowering entry barriers for new blockchain projects.

Lightning Labs and Tari Labs agree to halt Taro protocol development
protocol

Lightning Labs and Tari Labs agree to halt Taro protocol development

Lightning Labs and Tari Labs agreed to halt the development of the Taro protocol, after a temporary restraining order was converted into a preliminary injunction by the courts. The order was issued due to Tari Labs' claims that the name Taro infringed on its trademark rights. Lightning Labs is now unable to update or announce any milestones of the protocol until a court decision is reached.

Stellar (XLM) Development Foundation Delays Protocol 20 Upgrade Due to Core Bug
protocol

Stellar (XLM) Development Foundation Delays Protocol 20 Upgrade Due to Core Bug

The Stellar Development Foundation has postponed the vote on Protocol 20, initially set for January 30, following the discovery of a bug in Stellar Core v20.1.0. The decision was made to ensure ecosystem readiness and broad consensus, with the new vote date to be determined after the bug fix release, expected within the next two weeks.

Web3 users can now register .eth domains with fiat options
protocol

Web3 users can now register .eth domains with fiat options

ENS has launched a fiat on-ramp for .eth domain registrations through MoonPay, allowing Web3 users to pay with fiat options such as Apple Pay and Google Pay instead of only Ether. ENS has also upgraded its platform to streamline sign-ups and expand its usability for hosting censorship-resistant websites.

Matter Labs to Reveal its ZkSync Token Specification in November 2022
protocol

Matter Labs to Reveal its ZkSync Token Specification in November 2022

Matter Labs is set to unveil its token specification in November as it looks toward full ecosystem functionality

Vodafone DAB and Chainlink Labs Unveil Blockchain Solution to Streamline Global Trade
protocol

Vodafone DAB and Chainlink Labs Unveil Blockchain Solution to Streamline Global Trade

Vodafone's Digital Asset Broker and Chainlink Labs, in partnership with Sumitomo Corporation and InnoWave, have developed a proof of concept to improve the global trade ecosystem. The initiative aims to facilitate the seamless exchange of trade documents across various platforms and blockchains, reducing fragmentation and inefficiencies. The collaboration uses Chainlink's Cross-Chain Interoperability Protocol for security and interoperability, paving the way for smart contract, blockchain, and AI applications.

Scallop Protocol Secures $3 Million Funding
protocol

Scallop Protocol Secures $3 Million Funding

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

Crypto Firms Join Forces to Push for Stratum V2 Bitcoin Mining Upgrades
protocol

Crypto Firms Join Forces to Push for Stratum V2 Bitcoin Mining Upgrades

Spiral and Braiins lead efforts along with an industry working group to upgrade the current Stratum V1 protocol for miners.

NEAR Protocol Expands Gaming Ecosystem with Vortex Gaming Partnership, Strengthening Web3 Integration
protocol

NEAR Protocol Expands Gaming Ecosystem with Vortex Gaming Partnership, Strengthening Web3 Integration

NEAR Protocol has expanded its gaming ecosystem by partnering with Vortex Gaming, a Web3 subsidiary of INVEN, Korea's largest game media and community. This collaboration aims to attract more users and companies to the NEAR ecosystem while strengthening the NEAR game ecosystem. INVEN, with a monthly active user count of 7.2 million, brings valuable expertise and content to the partnership.

Naoris Protocol Secures $11.5 m Funding, Enhancing Web3 Networks Security
protocol

Naoris Protocol Secures $11.5 m Funding, Enhancing Web3 Networks Security

Cybersecurity protocol Naoris raised the funding with $11.5 million, which it mentions will enable it to revamp network security for the Web3 world.

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

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 Deploys V3 Smart Contracts on Major Ethereum Testnets Ahead of Network Upgrade
protocol

Uniswap Deploys V3 Smart Contracts on Major Ethereum Testnets Ahead of Network Upgrade

Uniswap has announced the deployment of Uniswap V3 Core and periphery smart contracts on the Ethereum network.

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

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.

Jimbos Protocol Loses $7.5M in Ether Due to Security Breach, JIMBO Token Value Plummets
protocol

Jimbos Protocol Loses $7.5M in Ether Due to Security Breach, JIMBO Token Value Plummets

Security breach in Jimbos Protocol, a liquidity protocol operating under the Arbitrum system, resulted in a significant loss of 4,000 Ether (ETH), approximately worth $7.5 million, on May 28.

Bitcoin Protocol Ordinals Unveils Powerful Recursive Inscription Feature
protocol

Bitcoin Protocol Ordinals Unveils Powerful Recursive Inscription Feature

In an update to the Bitcoin protocol Ordinals, the newly appointed chief maintainer, Raph, has merged an update titled "Recursive Inscriptions" (Update no. 2167) into the Ordinals codebase on GitHub.

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

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.

Top 3 Altcoins With the Biggest Gains for the Week: LUNA, ANC & WAVES
protocol

Top 3 Altcoins With the Biggest Gains for the Week: LUNA, ANC & WAVES

A number of altcoins maintained an impressive growth outlook over the trailing 7-days period this article is a review of the top highest earners for the week.

Blockchain Based Ad Networks Represent the Future of Advertising
protocol

Blockchain Based Ad Networks Represent the Future of Advertising

The crypto vertical is a highly converting arena for ad marketing networks. They heavily push crypto to their network of affiliates, taking on a variety of digital exchanges and wallets on the advertiser side of the equation.

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

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.

Atomicals Market Addresses Security Breach and Announces Compensation Measures
protocol

Atomicals Market Addresses Security Breach and Announces Compensation Measures

Atomicals Market has implemented measures to restore user trust and enhance platform security following a significant security breach, emphasizing community engagement's crucial role in protocol's future.

Tackling DeFi Scams: Making Pre-sale Ecosystems Safer
protocol

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.

DWF Ventures Explores Innovations in Perpetual DEXs Landscape
protocol

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.

Report: OKX Ventures Boosts Ecosystem with Investments in Aark Digital, dappOS, and 0xScope
protocol

Report: OKX Ventures Boosts Ecosystem with Investments in Aark Digital, dappOS, and 0xScope

OKX Ventures reveals its September investments in Aark Digital, dappOS, and 0xScope, aimed at bolstering the crypto ecosystem covering Layer2 Derivatives, operating protocol, and knowledge graph protocol. These strategic investments are reflective of OKX Ventures’ continuous endeavor to fuel innovation amidst a rapidly evolving crypto landscape.

Understanding Cross-Chain Infrastructure And Its Importance In Fostering ‘Internet 3.0’
protocol

Understanding Cross-Chain Infrastructure And Its Importance In Fostering ‘Internet 3.0’

Cross-chain assets and transactions sound complex, but are actually an easy way to better understand how blockchain networks communicate with each other.

Platypus Launches Native Stablecoin USP
protocol

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.

Near Protocol Raises $350m in Funding Led by Tiger Global
protocol

Near Protocol Raises $350m in Funding Led by Tiger Global

Near Protocol, a layer-1 blockchain network has pulled massive funds from investors cutting across both the traditional finance and crypto industries.

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

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

How DeFi Protocol Insurance Boosts Confidence Among Investors?
protocol

How DeFi Protocol Insurance Boosts Confidence Among Investors?

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

Terra-Based Anchor Protocol Hits $12b in Total UST Deposits
protocol

Terra-Based Anchor Protocol Hits $12b in Total UST Deposits

Anchor Protocol, a lending and borrowing protocol built atop the Terra blockchain network, its total UST stablecoins deposit has hit 12 billion, a show of the massive embrace it is currently receiving from the Terra ecosystem.

Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round
protocol

Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round

0x Labs, the blockchain startup that is in partnership with Nasdaq-listed Coinbase Exchange, has raised $70 million in a Series B funding round with Greylocks Partners at an undisclosed valuation.

THORChain Pauses Network Amid Reports of Vulnerability
protocol

THORChain Pauses Network Amid Reports of Vulnerability

THORChain has temporarily halted trading due to a potential network vulnerability, causing its native token, Rune, to fall 5% in value.

Aave's Stani Kulechov Launches Social Media Platform “Lens Protocol”
protocol

Aave's Stani Kulechov Launches Social Media Platform “Lens Protocol”

Stani Kulechov, the founder of DeFi lending protocol, Aave, has spearheaded the emergence of “Lens Protocol”.

Stellar Network Advances with Protocol 20 and Smart Contracts Activation
protocol

Stellar Network Advances with Protocol 20 and Smart Contracts Activation

Stellar Development Foundation activates Protocol 20 and smart contracts on its network, enhancing scalability and efficiency, and marking a milestone in growth.

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

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.

Coinbase Adds Near Protocol to Roadmap with NEAR Token Skyrockets
protocol

Coinbase Adds Near Protocol to Roadmap with NEAR Token Skyrockets

NEAR Protocol's native token, NEAR, surged after cryptocurrency exchange Coinbase added it to Coinbase's listing roadmap.

Uniswap Foundation Seeks Additional $46.2M Funding for Next Two Years of Operations
protocol

Uniswap Foundation Seeks Additional $46.2M Funding for Next Two Years of Operations

The Uniswap Foundation initiates a governance proposal for an additional $46.2M funding to sustain its operations for the next two years. This follows a Temperature Check, ahead of an on-chain vote slated for October 12, 2023. The funds, converted based on a 30-day TWAP of UNI, are designated for grants and operational costs, among other strategic initiatives aimed at bolstering Uniswap's position in the DeFi sector.

Second Circuit Court Order's Terraform Labs and Do Kwon to Comply With SEC's Subpoena
protocol

Second Circuit Court Order's Terraform Labs and Do Kwon to Comply With SEC's Subpoena

The 2nd US Circuit Court of Appeals has upheld a ruling that compels blockchain startup Terraform Labs and its co-founder Do Kwon to comply with a September 2021 Subpoena that served him at a New York Conference.

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

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.

Humanity Protocol Receives Major VC Funding for Web3 Digital Identity Solution
protocol

Humanity Protocol Receives Major VC Funding for Web3 Digital Identity Solution

Humanity Protocol has secured strategic investment from top VCs, advancing its mission to create a sybil-resistant digital identity layer for Web3.

Circle Launches Circle Research with Perimeter Protocol
protocol

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.

Aurora-Based Liquidity Protocol Bastion Raises $9m in Series A
protocol

Aurora-Based Liquidity Protocol Bastion Raises $9m in Series A

Bastion has announced a $9 million Series A funding which was led by the hedge fund manager, Three Arrow Capital.

Hacker Steals $1.1m Worth Crypto from Music Streaming Protocol Audius
protocol

Hacker Steals $1.1m Worth Crypto from Music Streaming Protocol Audius

Audius decentralised music streaming protocol in a tweet acknowledged the hacking incident. It said $6 million worth of AUDIO tokens were stolen. At least $1.1 million worth of the coins were sold.

VanEck Pledges 10% of Ethereum ETF Profits to Protocol Guild
protocol

VanEck Pledges 10% of Ethereum ETF Profits to Protocol Guild

VanEck has announced a 10-year commitment to donate 10% of its Ethereum ETF profits to Protocol Guild, supporting Ethereum's core protocol development. This pledge precedes the anticipated launch of the EFUT ETF, set to bolster mainstream Ethereum adoption.

THORSwap Resumes Operations with Enhanced Security Measures to Combat Illicit Funds Transfer
protocol

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.

Alibaba's Largest E-commerce Platform Taobao Firstly Presents NFT Artworks in Festival Week
protocol

Alibaba's Largest E-commerce Platform Taobao Firstly Presents NFT Artworks in Festival Week

China's largest e-commerce website, Taobao, a subsidiary of Alibaba Group, exhibited artworks in the form of NFT for the first time in the recent Shanghai Taobao Maker Festival.

Coin98 Debuts Decentralized App Store on NEAR's Blockchain Operating System
protocol

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.

Crypto Hedge Fund Protocol Ventures to Shut Down Amid Market Fraught
protocol

Crypto Hedge Fund Protocol Ventures to Shut Down Amid Market Fraught

Protocol Ventures is another major crypto hedge fund falling into liquidation crisis after Three Arrows Capital.

NEAR Protocol to Wind Down Stablecoin USN, Allocating Funds for User Protection
protocol

NEAR Protocol to Wind Down Stablecoin USN, Allocating Funds for User Protection

The firm has announced plans to shut down the USN stablecoin to avoid greater risks.

Illia Polosukhin Appointed CEO to Lead NEAR's Open Web Drive
protocol

Illia Polosukhin Appointed CEO to Lead NEAR's Open Web Drive

NEAR Foundation appoints co-founder Illia Polosukhin as CEO, marking a new phase for the NEAR Protocol, focusing on ecosystem growth and process optimization.

Polygon and Google Cloud Partner for Ethereum Scaling Tools
protocol

Polygon and Google Cloud Partner for Ethereum Scaling Tools

Polygon Labs and Google Cloud have partnered to enhance the development of Ethereum scaling protocol's infrastructure and tools. Google Cloud's framework and developer tools will benefit Polygon's core protocols and simplify developer integration to build, launch and grow Web3 products and decentralized applications (DApps) on Polygon. The partnership is expected to advance Polygon's zero-knowledge development, resulting in faster and cheaper transactions. Polygon will use Google Cloud's Blockchain Node Engine to remove the need for Polygon developers to configure and run Polygon PoS nodes.

Mina Protocol to Launch ZK Smart Contracts, Backed by $92M from Three Arrows and FTX
protocol

Mina Protocol to Launch ZK Smart Contracts, Backed by $92M from Three Arrows and FTX

Mina Protocol is set to introduce Zero-Knowledge smart contracts to its mainnet, simplifying zkApp development and enhancing security. The upgrade will phase out supercharged rewards and phase out supercharged rewards. Mina Protocol, the world's lightest blockchain, combines Bitcoin and Ethereum elements, and the success depends on collective effort from node operators, developers, and users.

OKX Ventures Invests in Orbiter Finance's Decentralized Layer 2 Protocol
protocol

OKX Ventures Invests in Orbiter Finance's Decentralized Layer 2 Protocol

OKX Ventures invests in Orbiter Finance, a decentralized cross-Layer 2 protocol on Ethereum, aiming to redefine blockchain infrastructure and enhance decentralization.

$12M in Bitcoin Stolen from pNetwork DeFi Protocol
protocol

$12M in Bitcoin Stolen from pNetwork DeFi Protocol

A vulnerability in pNetwork allowed the thief to run away with the funds. The DeFi network is now begging the hacker to return the money.

MAP Spikes Following MAP Protocol Joins NVIDIA for AI-Driven Bitcoin L2 Interoperability
protocol

MAP Spikes Following MAP Protocol Joins NVIDIA for AI-Driven Bitcoin L2 Interoperability

MAP Protocol has partnered with NVIDIA to enhance Bitcoin L2 interoperability using AI, marking a significant milestone in blockchain tech integration.

DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse Opportunities
protocol

DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse Opportunities

After experiencing success in the crypto space, DeFi Yield Protocol announces a complete rebranding to Dypius. The experienced team conducted several months’ worth of research to come up with the best way to represent what they had evolved into over the years. Dypius has the suffix of the nebulae in the galaxy. Nebulas are the formations of gas, dust, and other materials that "clump" together to form denser regions in the universe. They attract further matter and eventually become dense enough to form stars, planets, and planetary system objects. Dypius is the place of creation of stars, planets, and life. This is Dypius, a place to create and shape the future!

NEAR Protocol Partners with ZEP to Enhance Metaverse User Onboarding
protocol

NEAR Protocol Partners with ZEP to Enhance Metaverse User Onboarding

NEAR Protocol and South Korea's ZEP are partnering to improve user onboarding and enhance Web3 capabilities, using NEAR's blockchain network and ZEP's metaverse platform.

Solana Gum Protocol Shuts Down
protocol

Solana Gum Protocol Shuts Down

Gum protocol on Solana ecosystem is shutting down due to market conditions and revenue issues, raising concerns about the sustainability of protocol-layer projects.

Circle's 2024 USDC Economy Report Reveals Significant Growth in Stablecoin Adoption
protocol

Circle's 2024 USDC Economy Report Reveals Significant Growth in Stablecoin Adoption

Circle's 2024 report on the USDC economy highlights significant growth in stablecoin adoption and usage, with a 59% increase in USDC wallets and over $12 trillion settled in blockchain transactions since its inception.

Aave Surpasses $1.7 Billion TVL Taking Number One Spot From Maker and Compound
protocol

Aave Surpasses $1.7 Billion TVL Taking Number One Spot From Maker and Compound

Aave is taking the open finance sector by storm reaching number one on the Defi Pulse rankings, beating Maker and Compound.

Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease
protocol

Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease

The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets.

WOO Network Announces WOOFi's Shift from Near Protocol to Ethereum EVM
protocol

WOO Network Announces WOOFi's Shift from Near Protocol to Ethereum EVM

WOOFi, a decentralized exchange platform owned by Woo Network, has announced a strategic shift from the NEAR Protocol to Ethereum Virtual Machine (EVM) compatible networks. The move aims to develop a version 2.0 omnichain DEX, integrating centralized finance and decentralized finance sectors. WOOFi Pro will offer a mobile-friendly interface, gasless orderbook trading, and integration with Orderly Network's order books. The platform is set to launch with 10 crypto trading pairs in October.

NEAR Protocol Potential Unveiled by Open Forest Protocol
protocol

NEAR Protocol Potential Unveiled by Open Forest Protocol

Open Forest Protocol's (OFP) leaked pitch deck on Reddit reveals its aim to transform the $2 billion voluntary carbon market, projected to reach $50 billion by 2050. OFP, on the NEAR Protocol, showcases advantages over traditional carbon credit methods. With a robust project pipeline and potential major partnerships, OFP is poised to significantly influence NEAR's growth and decentralized finance (DeFi) markets.

Symbiosis Integrates zkSync to Enhance Token Swaps
protocol

Symbiosis Integrates zkSync to Enhance Token Swaps

Cross-chain DEX Symbiosis has integrated zkSync, a layer-2 scaling protocol, to improve the speed and reduce fees of token swaps on its platform. The integration allows any-to-any native asset swaps and removes the need for users to switch between different wallets and interfaces.

DeFi TVL Drops below $200Bn, Reflecting General Bearish Market Slump
protocol

DeFi TVL Drops below $200Bn, Reflecting General Bearish Market Slump

The Total Value Locked (TVL) in DeFi platforms has slumped below $200 billion down from the $230 billion towards the end of April.

Bitcoin Core Vulnerability Exposes Risks in Datacarrier Limits: NVD Flags Security Concerns
protocol

Bitcoin Core Vulnerability Exposes Risks in Datacarrier Limits: NVD Flags Security Concerns

NVD has discovered a critical vulnerability (CVE-2023-50428) in Bitcoin Core, which allows datacarrier limit bypass and poses significant network risks, notably exploited by Ordinals.

Near Foundation Launches New $100m Web3.0 Fund
protocol

Near Foundation Launches New $100m Web3.0 Fund

Near Foundation, the Switzerland-based Non-Profit in charge of the Near Protocol has announced the launch of a new $100 million Web3.0 fund.

Justin Sun's $60 Million Crypto Exodus from Binance: Analyzing Market Implications
protocol

Justin Sun's $60 Million Crypto Exodus from Binance: Analyzing Market Implications

Tron founder Justin Sun has withdrawn $60M in cryptocurrencies from Binance since December 2023, including major assets like Ethereum and Shiba Inu, sparking market speculation.

Uniswap V4 Open-Source Directory Sparks Controversy Over New KYC Hook
protocol

Uniswap V4 Open-Source Directory Sparks Controversy Over New KYC Hook

A newly revealed open-source directory for Uniswap v4 hooks has stirred a debate within the crypto community over a KYC verification hook. This hook enables KYC checks on users before trading in token pools, resonating with the standard financial practice to mitigate money laundering and other illicit financings. The KYC hook, an opt-in feature introduced by a community developer, necessitates an NFT for verification completion, marking a notable intersection of regulatory compliance and decentralized finance as global governmental scrutiny over DeFi intensifies.

Azuro Closes $4m Funding Round to Build Decentralized Betting Protocol
protocol

Azuro Closes $4m Funding Round to Build Decentralized Betting Protocol

Azuro said it has raised another funding round of $4 million, saying that the funding gives it great confidence in its ability to disrupt traditional online betting.

Andreessen Horowitz Backed Story Protocol Secures $54M in Funding
protocol

Andreessen Horowitz Backed Story Protocol Secures $54M in Funding

Story Protocol, a San Francisco-based startup, raised $54 million in a funding round led by Andreessen Horowitz's a16z crypto. The company aims to redefine the IP landscape with an open infrastructure layer optimized for the internet era.

NEAR Launches Infrastructure Committee with $4 Million in Funding
protocol

NEAR Launches Infrastructure Committee with $4 Million in Funding

The NEAR Foundation has launched the Infrastructure Committee, funding $4 million to strengthen Key Infrastructure, decentralize decision-making, and streamline efforts, with half the budget still available.

Binance Insider Allegedly Helps Users Bypass KYC Security Protocols
protocol

Binance Insider Allegedly Helps Users Bypass KYC Security Protocols

A report by CNBC alleges that employees and volunteers at Binance have been helping customers in China bypass the exchange's Know Your Customer Controls (KYC). The report points to Binance's Chinese-language chat rooms where users can access shared messages on techniques to bypass KYC, residency, and verification protocols allegedly coming from Binance employees or trained volunteers known as "Angels."

Arbitrum Community Pilot: Voting on the Distribution of 25 to 45 Million ARB in Long-Term Incentives
protocol

Arbitrum Community Pilot: Voting on the Distribution of 25 to 45 Million ARB in Long-Term Incentives

Arbitrum community votes on a pilot program to distribute 25 to 45 million ARB tokens as long-term incentives to protocols on its platform, aiming to enhance ecosystem growth and innovation.

EigenLayer Expands Airdrop and Addresses Community Concerns
protocol

EigenLayer Expands Airdrop and Addresses Community Concerns

EigenLayer, an Ethereum restaking protocol, has expanded its initial EIGEN token airdrop to 28 million tokens, addressing user dissatisfaction and ensuring equitable distribution. The airdrop includes Season 1 and Season 2 participants, with minimum token allocations.

DeFi Project HUMAN Protocol Launches Routing Protocol for Data Contribution
protocol

DeFi Project HUMAN Protocol Launches Routing Protocol for Data Contribution

DeFi project HUMAN Protocol launched a new blockchain coordination layer called Routing Protocol, which aims to improve the data contribution function on the blockchain.

Astra Protocol Hires Ex-Trump Chief of Staff Mulvaney as Strategic Adviser
protocol

Astra Protocol Hires Ex-Trump Chief of Staff Mulvaney as Strategic Adviser

Mulvaney will leverage his extensive experience in U.S. economic policymaking and governance to help drive Astra Protocol’s next stage of growth.

Crypto & the FATF: ING Develops Travel Rule Protocol for Tracking Crypto Transfers Ahead of FATF Plenary Meeting
protocol

Crypto & the FATF: ING Develops Travel Rule Protocol for Tracking Crypto Transfers Ahead of FATF Plenary Meeting

The FATF has a wide range of recommendations, a total of 40 to ensure regulatory alignment between the compliance imposed on financial institutions and the regulations in its member states. The FATF Travel Rule is Recommendation 16, which has received a lot of attention from the crypto industry, especially virtual asset service providers (VASPs).

Bithumb Designates Velo Protocol's VELO as Investment Cautionary Cryptocurrency
protocol

Bithumb Designates Velo Protocol's VELO as Investment Cautionary Cryptocurrency

Bithumb designates Velo Protocol's VELO a cautionary cryptocurrency over transparency concerns, halting deposits starting 2/22. Bithumb to reevaluate status in March.

Yield Protocol and Utopia Labs Announce Wind-Down
protocol

Yield Protocol and Utopia Labs Announce Wind-Down

Yield Protocol and Utopia Labs have recently disclosed the cessation of their current operations due to various factors. While Yield Protocol cites inadequate demand for fixed-rate borrowing and regulatory hurdles, Utopia Labs is pivoting away from its existing product, though it remains upbeat about the crypto sector.

Vitalik Buterin: Supporting Decentralized Staking through Anti-Correlation Incentives
protocol

Vitalik Buterin: Supporting Decentralized Staking through Anti-Correlation Incentives

Vitalik proposes anti-correlation incentives to promote decentralization in staking protocols, penalizing misbehaving actors and implementing them in various scenarios, backed by empirical data.

Curve Founder Proposes Venus Protocol Deployment on Ethereum Mainnet
protocol

Curve Founder Proposes Venus Protocol Deployment on Ethereum Mainnet

Michael Egorov of Curve Finance proposes launching Venus Protocol on Ethereum Mainnet, incorporating Curve's stablecoin crvUSD and CRV as collaterals, with community support for growth.

Euler Finance Hacker Returns Stolen Funds
protocol

Euler Finance Hacker Returns Stolen Funds

Euler Finance has recovered most of the funds stolen in a flash loan attack that drained millions of dollars from various tokens, including Dai and USDC. After negotiating with the hacker, Euler Finance convinced the individual to return the majority of the stolen funds, resulting in the recovery of 12 million DAI and 10,580 ETH. The crypto community has applauded Euler Finance's efforts to recover the funds and restore investor confidence.

Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus
protocol

Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus

A blockchain-powered QR health code system has been instrumental in enabling at least 17 million people to travel between the Chinese mainland and Macau since May.

Binance Announces Integration of Bitcoin Lightning Network for Enhanced Transaction Efficiency
protocol

Binance Announces Integration of Bitcoin Lightning Network for Enhanced Transaction Efficiency

Cryptocurrency exchange giant Binance has announced its plans to integrate the Bitcoin Lightning Network for deposits and withdrawals. The move aims to improve transaction efficiency and provide users with a faster and more cost-effective experience.

DFINITY Unveils $20 Million ICP Asia Alliance to Propel Web3 Adoption
protocol

DFINITY Unveils $20 Million ICP Asia Alliance to Propel Web3 Adoption

DFINITY Foundation launches the ICP Asia Alliance and a $20 million fund on September 28, 2023, to accelerate Web3 and AI adoption in Asia. The alliance aspires to unite diverse stakeholders, foster innovation, and catalyze the growth of the Internet Computer blockchain across the region, underlined by the establishment of multiple ICP.Hubs and strategic partnerships.

Celo Co-Leads $100M Capital Raise with Other Major Crypto Protocols to Support DeFi Adoption
protocol

Celo Co-Leads $100M Capital Raise with Other Major Crypto Protocols to Support DeFi Adoption

Celo, a smartphone-driven blockchain platform, is raising the initial 100 million funding through collaboration with other top DeFi protocols to promote DeFi adoption among mobile phone users worldwide.

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