efi
US SEC Boss Gary Gensler Calls to Regulate DeFi Projects
The US Securities and Exchange Commission Chairman Gary Gensler is pushing to regulate the decentralized finance (DeFi) landscape. He recently said that DeFi is adequately organized and therefore needs regulatory compliance.
Crypto Leaders' Stance on DCCPA Bill Polarised, Not Everyone Buying It
After much criticism following his support of the uploaded DCCPA bill, FTX CEO Sam Bankman-Fried has again taken to Twitter to explain further on the bill.
Singapore Regulator MAS is Exploring Use of Cases in Digital Assets
The Monetary Authority of Singapore (MAS) has launched Project Guardian, a sandbox initiative that is set to explore a number of defined use cases with respect to asset tokenization on the blockchain.
Korean Government Reportedly Asks Google and Apple to Remove P2E Gaming Apps
Crackdowns targeting blockchain and cryptocurrency affiliated entities are taking a new twist in South Korea as the government has started blocking play-2-earn (P2E) gaming apps.
Thailand's SEC Eyes on Decentralized Finance
Thai financial authority turn their eyes to decentralized finance regulation by requesting future DeFi-related activities to get appropriate licenses.
The US SEC Charges DeFi Money Market and Founders with Fraudulent $30 Million Offerings
The US Securities and Exchange Commission has issued its first case involving the decentralized finance market by charging the founders of DeFi Money market for raising $30 million through fraudulent offerings.
New US CFTC Regulatory Framework to Have a Major Impact on Digital Assets
The new regulation by the CFTC is designed to benefit digital currencies in the era of the growing involvement of cryptocurrencies in the derivative market
FBI Warns Crypto Ecosystem Investors of DeFi Scams
The United States Federal Bureau of Investigation has issued a public warning to investors, especially those fond of the crypto ecosystem to be aware of scams specifically targeting the Decentralized Finance ecosystem
DeFi Exchange Developer Uniswap Labs Under Investigations by The US SEC
The US SEC is investigating the world’s largest decentralized finance exchange, Uniswap. The move is part of the regulator’s wider efforts to monitor and regulate DeFi projects.
Crypto Mom Flags New Proposal From SEC as Harmful for the DeFi Ecosystem
Hester Peirce, popularly known in the digital currency ecosystem as “Crypto Mom” has issued a note of warning that a new proposal from the commission can significantly hurt the Decentralized Finance (DeFi) ecosystem.
GameFi Industry Expected to Reach $2.8B by 2028
A study shows the growth and adoption of the crypto GameFi business are expected to make the game-earning NFT gaming industry reach $2.8 billion by 2028.
Peertec Joins Hands with Penta Security for Blockchain-Enabled Infrastructural Security
Peertec, a leading blockchain-focused fintech firm, has revealed its strategic collaboration with Penta Security, a highly valued web and data security company. The partnership is expected to boost Peertec’s infrastructure security using blockchain technology. The safety of its GDAC cryptocurrency exchange and services is also expected to be strengthened.
Chainlink DeFi Token Soars; DeFi Booms, But Poll Indicates Many Still Don’t Understand It
As of now, the decentralized finance (DeFi) industry is valued at $6 billion in value.
DeFi Liquidity Project Paradigm Labs Shuts Down, Unable to Find Niche in DEX Ecosystem
The ambitious DeFi liquidity project, Paradigm labs are shutting down its operations citing an inability to build a resilient business within the DEX ecosystem.
DeFi - Find Out What's Happening in Macau on This Exciting Topic
DeFi is explored in Macau by some of the leading names in this space. The FinWise Summit is second to none in delivering quality content at a fast pace
Six Cryptocurrency Trends to Watch in 2020
A quick look at some of the main developments and events on the horizon that are set to shape the digital asset market throughout 2020.
Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi
Top banks in South Korea have selected Chainlink and CenterPrime to bring a blockchain-enabled decentralized finance solution for foreign exchange rates.
Central Bank Official: Blockchain Application Ideal for Chinese Commercial Banks
Li Wei, the Technology Departmental Head of the People’s Bank of China, has urged Chinese commercial banks to embrace blockchain and digital finance.
Fantom Collaborates With Dedaub To Automatically Detect Smart Contract Bugs With Watchdog
Scalable layer 1 platform Fantom announced its collaboration with Dedaub to leverage its automated system called Watchdog to look for smart contract bugs in the Fantom ecosystem.
JPMorgan Pulls Off First Live Trade on Public Blockchain
Through the trade, JPMorgan was able to issue tokenized $71,000. It was part of the Singapore central bank's pilot programs that are testing the use of DeFi in the banking sector.
Crypto Is The "Best Kept Secret in the World," Says Former NYSE President
Former NYSE President Thomas Farley says that crypto is the best-kept secret in the world.
NetCents Technology to Facilitate DeFi Investments on Its Platform
NetCents Technology, a cryptocurrency payments company, has signed an agreement with Vesto to enable decentralized finance (DeFi) protocols to run on its platform.
Mainstream Adoption of DeFi and DLT Is Coming, It Will Replace Banks, Says US Currency Comptroller
The US acting Comptroller of the Currency disclosed that roles played by banks will soon change due to cryptocurrencies and decentralized finance (DeFi).
Coinbase Reveals New Price Oracle Competing with Chainlink as a Major Rival in the DeFi Ecosystem
San Francisco-based crypto exchange Coinbase is taking the decentralized finance (DeFi) industry to the next level by releasing its Coinbase Price Oracle, a reliable source of signed price data for crypto pairs. Blockchain oracles provide paths between off-chain and on-chain events and are third-party information sources that supply data to blockchains. Blockchain oracles offer useful data for DeFi applications and other blockchain services.
Bitpanda Launches New Crypto Indices for Long-Term Diversified Portfolios
Bitpanda, a digital investment platform, rolled out at least four crypto indices for investors, providing more options by helping them to diversify their portfolios.
Binance Completes 21st Quarterly BNB Burn With $548M BNB Destroyed
Following its quarterly burn, the Binance (BNB) Chain has successfully eliminated $548 million worth of BNB; however, the market remains unaffected.
Blockwater Technologies Defaults Loan from TrueFi
The blockchain investment firm has only managed to repay $654,000 of its outstanding debt following the restructuring decision. However, the firm failed to make payment on time and the debt currently amounts to $3 million.
B Squared Network Announces Seed Investments by HashKey Capital, OKX Ventures, IDG Capital
B² Network secures significant seed investments from top venture capitals for its innovative Bitcoin Layer 2 solutions, aiming to transform Bitcoin's utility and adoption in the crypto ecosystem.
Arbitrum One Achieves a Historic $10 Billion TVL Milestone
Arbitrum One's recent surge to a $10.22 billion TVL not only marks a major milestone for Ethereum Layer 2 networks but also highlights its growing acceptance and diverse asset portfolio, following a substantial funding journey and robust technology development.
US Treasury to Increase DeFi Regulation
The US Treasury conducted a risk assessment of DeFi, finding it lacking in AML/CFT compliance, and reported money laundering, scammers, and North Korean hackers benefiting from the sector. The Treasury response to Biden's executive order suggests more regulation for DeFi, including compliance with the Bank Secrecy Act.
Saros Cryptocurrency (SAROS) will be listed on Bybit
Saros raises $3.75M in funding and gets listed on Bybit with a 50,000 USDT prize pool, marking significant strides in expanding its reach and enhancing its offerings in the DeFi space.
DeFi Funding Skyrockets 190% in 2022
Digital asset investment firms invested $2.7 billion in decentralized finance (DeFi) projects in 2022, marking a 190% increase from the previous year, while investments into centralized finance (CeFi) projects dropped by 73% to $4.3 billion. Despite the overall crypto funding figures falling from $31.92 billion to $18.25 billion, DeFi saw a near three-fold increase, potentially signaling it as the new high-growth area for the crypto industry, according to a CoinGecko report.
PayPal to Launch Crypto Trading Next Month in the U.K.
Payment provider PayPal Holdings Inc. revealed the company is planning to develop the next market in The United Kingdom to provide its crypto trading services.
Aave Outpaces Market with 9% Growth in Q2 2023, Launches GHO Stablecoin
ave's Q2 2023 report shows a 9% growth in total value supplied, outpacing the market. Key developments include the launch of GHO stablecoin, a rise in stETH deposits, and the anticipated release of Portals.
DeFi Hack Linked to North Korea
The $197 million DeFi hack on Euler Finance has been linked to North Korea after blockchain investigator Chainalysis identified that 100 ETH from the stolen funds was transferred to an address associated with North Korea-linked actors. While Chainalysis suspected the involvement of North Korea, it highlighted the possibility of misdirection by other hackers. Euler Labs CEO expressed disappointment in the hack, revealing that ten separate audits over two years assured its security.
Uniswap V3 Protocol License Expires, Allowing Developers to Fork Code
Uniswap V3 protocol’s Business Source License (BSL) has expired, allowing developers to fork the code and deploy their own decentralized exchange (DEX). The new “General Public License” now applies to the protocol. To fork the code, developers must use an “Additional Use Grant.”
Polygon Labs Critiques SEC Proposed Rulemaking That Threatens Permissionless Blockchain Networks
Polygon Labs, the leading blockchain technology firm, issued a response today to a proposed rule from the Securities and Exchange Commission (SEC) that redefines the term "exchange."
Cobo Argus Boosts DeFi Strategies Security via Chainlink Price Feeds Integration
Cobo Argus has integrated Chainlink Price Feeds on Arbitrum mainnet to bolster its automated DeFi strategies, enhancing security and facilitating swift fund withdrawals during token depegs. This collaboration with Chainlink also underscores Cobo Argus's commitment to providing fortified, efficient on-chain DeFi management solutions.
Ethereum (ETH) Ecosystem Evolves: Staking, DeFi, and Derivative Markets
Insights from the Coinbase x Glassnode Q2 report about the evolution of Ethereum's Ecosystem.
Linea Launches Surge to Boost Network Liquidity, StationX Emerges as Key Player
Linea introduces Surge, a liquidity-boosting initiative featuring new token LXP-L. StationX, the on-chain capital coordination protocol, plays a significant role.
BounceBit Mainnet Launch and Upcoming Updates
BounceBit celebrates Mainnet launch and reveals upcoming platform enhancements.
Bitfinex to List VELAR, Velar's Native Token
Bitfinex announces the listing of VELAR, Velar's native token.
Fireblocks Integrates with Cosmos (ATOM) to Enhance DeFi via Osmosis
Fireblocks integrates with Cosmos, leveraging Osmosis to enhance DeFi functionalities.
Manta Network Launches 1.5x Points Boost Program for CeDeFi Participants
Manta Network introduces a 1.5x points boost for CeDeFi participants from May 31 to June 30.
Analyzing Market Making Dynamics on Uniswap (UNI)
Explore the intricate dynamics of liquidity supply and demand on Uniswap.
Atoma Integrates AI with Sui Blockchain to Empower Builders
Atoma's AI network integrates with Sui Blockchain, enhancing capabilities for DeFi, gaming, and more.
Wormhole Queries: Revolutionizing On-Chain Data Access for Multichain Applications
Wormhole Queries offer an efficient way to access on-chain data, crucial for multichain apps.
Key Insights from SSV Foundation's Recent AMA
Discover key insights from the SSV Foundation AMA, covering the Foundation's role, updates, and community impact.
Mantle Network Now Accessible on Dune for Enhanced Blockchain Analytics
Mantle Network integrates with Dune, offering robust analytics for DeFi data.
NVIDIA: Street Fighter 6 and XDefiant Join GeForce NOW
Street Fighter 6 and XDefiant debut among seven new games on GeForce NOW.
Paxos: The Crucial Role of Stablecoins in Transforming DeFi
Explore the impact of stablecoins on DeFi and their future prospects.
Filecoin (FIL) Introduces Key Updates and Integrations in 2024
Filecoin unveils new integrations, initiatives, and events for 2024, enhancing its decentralized storage ecosystem.
Exploring Real-World Assets (RWA) in Crypto: Benefits and Challenges
Discover the rise of Real-World Assets (RWA) in crypto and their impact on DeFi.
BounceBit's Maximal Capital Efficiency Strategy: A Comprehensive Guide
BounceBit introduces a guide to maximize yield via CeFi and DeFi integration.
Injective (INJ)Unveils Helix 2.0 and Other Key Updates in May
Injective (INJ)showcases significant advancements with the launch of Helix 2.0 and other key updates in May.
THORChain Introduces Trade Assets for Enhanced Onchain Trading Experience
THORChain launches Trade Assets for efficient and transparent onchain trading.
Understanding stBNB: Liquid Staking with BNB on BNB Chain
Explore stBNB and its role in liquid staking within the BNB Chain ecosystem.
Sui Bridge Launches on Testnet with Incentive Program for Participants
Sui Bridge goes live on Testnet with incentives for testers. Secure and seamless asset transfers between Ethereum and Sui.
Rabby Wallet Integrates IOTA EVM to Enhance Multi-Chain DeFi Experience
Rabby Wallet by DeBank integrates IOTA EVM, enhancing multi-chain DeFi with smooth network switching and pre-transaction risk scanning.
Uniswap (UNI) Integrates ZKsync for Enhanced Trading Experience
Uniswap (UNI) now supports ZKsync, offering users lower gas fees and faster transactions.
IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects
IOTA Grants program awards $2.36 million to 20 blockchain projects, supporting diverse sectors.
Pyth Network Integrates Price Oracles with IOTA EVM
Pyth Network deploys its oracle services on IOTA EVM, enhancing data accuracy and security for DeFi applications.
Stellar (XLM) Cash-to-DeFi Challenge Highlights Innovative Financial Solutions at Consensus X EasyA 2024 Hackathon
Stellar (XLM) Cash-to-DeFi Challenge at Consensus X EasyA 2024 Hackathon showcased groundbreaking financial solutions.
Ethereum (ETH) Network: A Pillar of Decentralized Digital Economy
Ethereum's role in DeFi, NFTs, and gaming underscores its pivotal impact on Web3.
OKX Ventures Joins as Founding Member of SOFA.org to Enhance DeFi Ecosystem
OKX Ventures becomes a founding member of SOFA.org to support the DeFi ecosystem.
Bitcoin (BTC) Layer 2 Revolution: The Role of Ordinals in Sparking Innovation
Ordinals have ignited a surge of innovation in Bitcoin’s Layer 2 ecosystem.
BounceBit Integrates Traditional Economic Theories to Strengthen CeDeFi Resilience
BounceBit leverages Merrill Lynch's Investment Clock and Ray Dalio's All-Weather theory to enhance CeDeFi resilience and offer diverse yield products.
Linea's Surge Volt 2 Commences Amidst Robust Network Growth
Linea Surge Volt 2 kicks off with significant updates to LXP-L distribution, following a successful Volt 1 that saw over $1B in TVL.
Staking BNB on ListaDAO: A Comprehensive Guide
Learn how to stake BNB on ListaDAO with this detailed guide. Enhance your DeFi experience with liquid staking and maximize your earnings.
BNB Chain Launches TVL Incentive Program #3 to Boost BNB and TVL on opBNB and BSC
BNB Chain introduces TVL Incentive Program #3 to enhance BNB and TVL growth across opBNB and BSC, offering significant rewards.
Chainlink (LINK) Introduces CCIP Programmable Token Transfers for Advanced DeFi and TradFi Applications
Chainlink (LINK)'s CCIP Programmable Token Transfers offer enhanced smart contract and tokenization use cases for DeFi protocols and TradFi institutions.
Birdeye Integrates Real-Time Crypto Market Data on Sui Blockchain
Birdeye's APIs and WebSockets now support Sui blockchain, enabling integration of real-time crypto market data into DeFi applications.
Hong Kong Monetary Authority Releases Reports on DeFi and Metaverse in Finance
The Hong Kong Monetary Authority has published reports on DeFi and the metaverse, analyzing their impact and regulatory landscape in the financial services industry.
Uniswap (UNI) Expands to Zora Network, Offering Enhanced User Experience
Uniswap (UNI) now supports Zora Network, providing users with lower gas fees and faster swaps. This integration is available on both the Uniswap interface and mobile app.
BlackRock's BUIDL Fund Backs Manta Network's wUSDM via Mountain Protocol
Manta Network's on-chain yield-bearing stablecoin wUSDM is now backed by BlackRock's BUIDL Fund, enhancing security and yield potential.
Stellar (XLM) Advocates for Gender Diversity at SheFi Summit Brussels
Stellar (XLM) Development Foundation emphasizes gender diversity in blockchain at the SheFi Summit in Brussels, aiming to empower unbanked women globally.
IOTA Grants $2.89 Million to 26 Projects in Latest Funding Round
IOTA Foundation announces $2.89 million in grants to 26 projects, focusing on DeFi, NFT marketplaces, SocialFi, and more.
Uniswap (UNI) v4 Hooks: EigenLayer Research Calls for AVS Proposals
EigenLayer Research invites proposals for Uniswap v4 Hooks, aiming to collaborate with innovative builders to enhance the decentralized finance ecosystem.
XDEFI Integrates Circle’s CCTP to Enhance USDC Cross-Chain Swaps
XDEFI and Circle's CCTP join forces to make USDC cross-chain swaps more secure and user-friendly, enhancing the overall DeFi experience.
BNB Chain Welcomes New Projects in DeFi, AI, and Web3 Gaming
BNB Chain introduces new projects in DeFi, AI, and Web3 gaming from June 23 to June 30, enhancing its ecosystem.
Composability Labs Unveils Spark: A High-Speed Onchain CLOB Leveraging Polygon (MATIC) Miden
Composability Labs introduces Spark, an innovative central limit order book (CLOB) utilizing Polygon (MATIC) Miden's state-minimization features to enhance DeFi efficiency.
BounceBit Unveils New Products and Campaigns for July 2024
BounceBit announces the launch of two new products, Easy and Superfast, along with several lucrative campaigns for July 2024.
Cronos (CRO) Unveils zkEVM Pioneer Program to Reward Active Community Participation
Cronos (CRO) launches zkEVM Pioneer Program, enabling users to earn points through quests, fostering community engagement and ecosystem growth.
Brian Pak Sheds Light on Web3 Security Challenges and Innovations
Brian Pak of ChainLight discusses combating Web3 hacks and DeFi exploits, and the role of law enforcement in securing the crypto ecosystem.
Taiko Launches DeFi Challenge in Trailblazers Campaign
Taiko's Trailblazers campaign introduces the Trail 4 challenge, encouraging participants to engage with DeFi protocols and earn the Master Faction Badge.
Ethereum (ETH) Partners with Immunefi for Protocol Security Attackathon
Ethereum and Immunefi launch a four-week Attackathon to enhance protocol security through a large-scale crowdsourced audit competition.
CoinGecko Report: Crypto Market Declines 14.4% in Q2 2024 Amid Key Developments
CoinGecko's Q2 2024 report reveals a 14.4% decline in the crypto market, with Bitcoin's halving, mining hash rate drop, and trading volume shifts.
OKX Ventures Backs zkLink to Enhance Liquidity with Aggregated Rollups
OKX Ventures has invested in zkLink, aiming to unify liquidity across various blockchain ecosystems with its Aggregated Layer 3 zkEVM network.
OKX Ventures Invests in Lombard to Enhance Bitcoin (BTC) Restaking Ecosystem
OKX Ventures announces investment in Lombard to transform Bitcoin into a dynamic financial asset with LBTC, enhancing utility and liquidity.
Manta Foundation Allocates Treasury to wUSDM, Backed by BlackRock’s BUIDL Fund
Manta Foundation strategically allocates its stable crypto assets to wUSDM, supported by BlackRock's BUIDL Fund, enhancing financial security within the Manta Network ecosystem.
Tezos Foundation Awards Grants to Innovative Projects Across DeFi and Gaming
Tezos Foundation announces grants for projects in DeFi, gaming, and more for May and June 2024, enhancing its blockchain ecosystem.
Stellar (XLM) Unveils Soroban: A Developer-Focused Smart Contract Platform
Stellar (XLM) introduces Soroban, a smart contract platform emphasizing performance, sustainability, and security for scalable DeFi applications.
BNB Chain Introduces New Projects for Mid-July 2024
Explore the latest projects onboarded by BNB Chain from July 8th to July 14th, including innovations in DeFi, AI, and Web3 gaming.
Binance Research Reports 37.3% Growth in Crypto Market for H1 2024
Binance Research reveals a 37.3% growth in the crypto market for the first half of 2024, driven by strong performance in Layer-1s, DeFi, and stablecoins.
BNB Chain Announces $250K 'Train Like a Champion' Challenge
BNB Chain launches the 'Train Like a Champion' challenge with a $250K prize pool, timed with the 2024 Summer Olympics.
DeepBook Enhances DeFi Protocols with Superior Liquidity and Speed
DeepBook's deep liquidity, quick execution, and ease of integration give Sui DeFi protocols a competitive edge.
Ripple (XRP) Advances Financial Infrastructure with Blockchain and Digital Assets
Ripple (XRP) aims to revolutionize financial services using blockchain and digital assets, focusing on institutional DeFi, cross-border payments, and stablecoins.
Baanx and Tezos Launch First Non-Custodial On-Chain Crypto Card
Baanx and Tezos introduce the first non-custodial on-chain crypto card, leveraging Etherlink for secure, efficient, and user-friendly payments.
Injective (INJ) Integrates Mountain Protocol to Introduce Tokenized T-Bills
Injective (INJ)has integrated with Mountain Protocol to launch USDM, a yield-bearing stablecoin, enhancing the DeFi ecosystem with tokenized treasury bills.
NVIDIA and DDN Collaborate to Enhance AI Infrastructure with BlueField-3 DPU Integration
NVIDIA and DDN Storage's integration of BlueField-3 DPUs promises to revolutionize AI infrastructure with improved efficiency, scalability, and security.
BNB Chain Unveils New Projects for Early July 2024
BNB Chain introduces new projects from July 1st to 7th, spanning DeFi, AI, Web3 gaming, and more.
dYdX Announces Strategic Shift Towards dYdX Chain, Evaluating v3 Alternatives
dYdX Trading Inc. is exploring strategic alternatives for its v3 software to focus entirely on the decentralized dYdX Chain, emphasizing the ethos of DeFi.
Binance Launchpool to Integrate DeFi BNB Assets with Web3 Wallet
Binance extends DeFi BNB Assets support to its Web3 Wallet, enhancing the BNB ecosystem. New integrations include liquid staking tokens and more.
Unlocking BNB Rewards: Utilizing Liquid Staking with slisBNB
Discover how liquid staking with slisBNB can enhance BNB rewards, improve fund utilization, and secure the BNB Chain network.
Sui Bridge Test Program Reveals Key Bug Fixes and Insights
The Sui Bridge incentive program, conducted in June, identified bugs and gathered insights for a smoother bridging experience. Over 184,000 transactions were completed.
Uniswap (UNI) Announces $2.35M Prize Pool for v4 Security Competition
Uniswap (UNI) Labs teams up with Uniswap Foundation and Cantina to host the largest DeFi security competition with a $2.35M prize pool.
A Comprehensive Guide to Getting Started with Sui (SUI)
Learn how to set up a wallet, use on-ramps, and bridge assets to get started with the Sui (SUI) ecosystem.
BNB Chain Introduces New Projects from August 6th to 19th
BNB Chain welcomes new projects spanning DeFi, AI, Web3 gaming, and more between August 6th and 19th. Discover the latest additions and their unique contributions.
Taiko and Stargate Finance Collaborate for DeFi Season Finale
Taiko, in collaboration with Stargate Finance and other DeFi protocols, launches a special Trail to conclude Season 1 of Trailblazer, starting August 19, 2024.
DeepBook Expands Sui's Liquidity Layer with New Use Cases
DeepBook, Sui's native liquidity layer, explores new use cases including perpetual futures, lending, and payments, enhancing DeFi protocols on the platform.
Offchain Labs Unveils Arbitrum Roadmap to Boost Blockchain Innovation
Offchain Labs has released its technical roadmap for Arbitrum, focusing on scalability, decentralization, and developer experience to drive blockchain adoption.
Fanton Secures $1M Seed Investment to Enhance Blockchain Fantasy Football Platform
Fanton Fantasy Football secures $1M in seed funding from Animoca Brands and others to expand its blockchain-based platform integrated with Telegram.
Exploring DeFi on Sui: A Comprehensive Guide
Discover the unique features and applications of Sui's DeFi ecosystem, including borrow and lending protocols, DEXes, and NFT marketplaces.
Understanding Token Compensation: A Comprehensive Guide
Explore how tokens fit into compensation strategies, with insights on structuring grants, vesting schedules, and tax considerations.
GalaSwap Introduces Enhanced Navigation and Direct Token Transfers
GalaSwap announces new updates, including improved navigation, direct token transfers, and NFT inventory viewing, to enhance user experience.
dYdX (DYDX) Unveils Unlimited Trading Platform with New Features
dYdX announces the fall release of dYdX Unlimited, introducing permissionless market listing, MegaVault, an affiliates program, and more.
Exploring Binary Options on Injective: A Comprehensive Analysis
Discover how Injective's binary options markets offer developers robust tools for creating diverse decentralized applications (dApps).
Staking and Liquid Staking on Sui: A Comprehensive Guide
Learn how to stake and utilize liquid staking on the Sui network. Understand the process, benefits, and how to get started.
Turtle.Club Introduces Phantom Liquidity to Eliminate DeFi Risks
Turtle.Club's Phantom Liquidity model eliminates counterparty and smart contract risks, offering a safer alternative for DeFi enthusiasts.
Balanced Integrates Injective (INJ) to Enhance Cross-Chain DeFi
Balanced, a cross-chain DeFi platform, integrates with Injective, introducing the bnUSD stablecoin and expanding DeFi capabilities.
Sui Implements Shared Custody Model for Enhanced Decentralized Finance
Sui introduces a shared custody model in its object-centric data framework, enhancing security and efficiency for DeFi applications.
DeepBook Enhances DeFi Capabilities with Version 3 Launch
DeepBook unveils Version 3 on Sui Testnet, introducing key features like reduced gas fees and dynamic trading fees to enhance DeFi protocols.
Taiko's First 90 Days: Milestones and Future Plans
Taiko celebrates 90 days since its mainnet launch, highlighting significant achievements and future plans in the Ethereum rollup ecosystem.
BounceBit Unveils V2 Upgrade with Advanced CeDeFi and BounceClub Features
BounceBit announces V2 upgrade, enhancing CeDeFi and BounceClub ecosystems with new features and improved user experience.
Exploring the Future of Real World Assets in DeFi
Tokenizing real world assets is transforming traditional finance by integrating physical assets into DeFi ecosystems, enhancing accessibility and efficiency.
BNB Chain Unveils Bridge for Seamless Cross-Chain Interoperability
BNB Chain announces its new Bridge, enhancing cross-chain interoperability with partners Celer, deBridge, and Stargate. The initiative aims to streamline transactions and boost DeFi.
New Projects Announced on BNB Chain (August 20 - August 31)
BNB Chain introduces a range of new projects from DeFi to AI and Web3 gaming. Discover the latest additions to the BNB Chain ecosystem.
BNB Chain Celebrates 4 Years with New Innovations and Ecosystem Growth
BNB Chain marks its 4th anniversary with the launch of the One BNB strategy, expanded developer support, and significant ecosystem growth.
Flare Network's Hugo Philion Discusses the Future of Decentralized Oracles
Learn about the decentralized oracle ecosystem and how Flare Network aims to revolutionize it, as discussed by co-founder Hugo Philion.
BNB Chain Launches $300,000 TVL#4 Incentive Program to Boost DeFi Ecosystem
BNB Chain has unveiled a $300,000 TVL#4 Incentive Program to foster DeFi growth. Projects can compete in staking and TVL challenges.
AUSD Stablecoin Now Integrated with Sui Network
AUSD stablecoin launches on Sui, enhancing the network's utility, accessibility, and interoperability, according to The Sui Blog.
Exploring Bitcoin DeFi: Opportunities and Innovations
Discover how Bitcoin is evolving in the DeFi space through layer-2 solutions, Taproot, and BTCB on BNB Chain.
Synthetix L2 Chain Snax Integrates Wormhole for Enhanced Governance
Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.
Bitcoin (BTC) Unlocks New Potential to Secure DeFi Networks
Stanford professor and BabylonChain co-founder David Tse discusses using Bitcoin to enhance the security of proof-of-stake networks.
USDC and Cross-Chain Transfer Protocol to Launch on Sui Network
The Sui Network is set to integrate USDC, enhancing DeFi utility and interoperability through increased liquidity and streamlined transactions.
Filament Raises $1.1 Million in Seed Funding to Enhance Derivatives DEX on Sei Network
Filament, Sei Network's native derivatives DEX, secures $1.1 million in seed funding led by Lingfeng Innovation Fund to enhance its trading platform.
Avalanche Network Poised for Major Upgrades and Expansion in 2024
Avalanche's innovative multi-chain architecture and upcoming upgrades aim to enhance blockchain customization and scalability, supporting enterprise, DeFi, gaming, and more.
Intelligent DeFi: A New Paradigm in Decentralized Finance
EigenLayer introduces Intelligent DeFi, leveraging offchain compute and data to enhance decentralized finance with verifiable, trustless services.
BNB Chain's Role in the Future of Stablecoin Payments
Explore how BNB Chain is shaping stablecoin use in DeFi, ecosystem diversity, user experience, and commercial applications.
Understanding Liquidity in the Web3 Ecosystem
Liquidity is vital in Web3, enabling efficient trading and stable prices. Learn how liquidity pools and providers support decentralized platforms.
Exploring the StakingRewards Contract on BitTorrent Chain (BTTC)
Discover the functionalities of the StakingRewards contract on BTTC, enabling token staking and rewards. Dive into its key components, including state variables, events, and functions.
Splice Finance: A New Yield Trading Hub on Linea
Splice Finance introduces a yield trading hub on Linea, allowing users to earn fixed or variable yields by splitting yield-bearing tokens.
Web 3 Privacy and Its Potential to Transform DeFi
Discover how Web 3 privacy, led by Tea-Fi's innovations, could revolutionize decentralized finance (DeFi) by integrating swaps, lending, and decentralized trades.
Prediction Markets Gain Popularity Amid Regulatory Challenges
Prediction markets are rising in popularity, driven by new offerings like election perpetual futures contracts, despite regulatory challenges, according to Blockworks.
Hong Kong Treasury Markets Summit 2024 Highlights Key Financial Innovations
The Treasury Markets Summit 2024, hosted by HKMA and TMA, focused on offshore renminbi business, DeFi, Metaverse, and CBDCs.
BNB Chain Enhances Stablecoin Use with New Incentive Programs
BNB Chain introduces innovative programs to boost stablecoin integration and adoption, aiming to onboard the next billion Web3 users.
dYdX to Sunset v3 Product, Focus on dYdX Chain Development
dYdX Trading Inc. announces the sunset of its v3 product to focus on the development of dYdX Chain software, marking a new chapter in decentralized finance.
A Beginner's Guide to Yield Farming in DeFi
Learn the basics of yield farming in DeFi, including how it works, its importance, and potential risks, according to Gala News.
Sui Bridge Launches on Mainnet, Connecting Ethereum and Sui
Sui Bridge goes live on Mainnet, enabling native asset transfers between Ethereum and Sui, enhancing Web3 interoperability.
Bitfinex to List KMNO Token, Expanding DeFi Offerings
Bitfinex announces the listing of KMNO, Kamino Finance's native token, enhancing its DeFi offerings with innovative liquidity management solutions on Solana.
USDC Launches on Sui Mainnet, Boosting DeFi Ecosystem
USDC, a major stablecoin, is now available on the Sui Mainnet, enhancing liquidity and value transfer within the DeFi ecosystem as Sui's TVL surpasses $1 billion.
Sui Blockchain's DeFi Growth in Q3 2024: Key Developments and Metrics
Sui's DeFi sector saw substantial growth in Q3 2024, driven by new technologies and partnerships. Key metrics and developments indicate a promising future for the blockchain ecosystem.
Exploring the Growing Demand for Bitcoin (BTC) Staking in DeFi
Bitcoin staking is gaining traction as it allows BTC holders to earn rewards while participating in DeFi. Learn about the protocols enabling trustless Bitcoin staking.
AggLayer to Revolutionize Blockchain Interoperability and Use Cases
AggLayer, a new protocol, aims to unify blockchain networks, enhancing interoperability, liquidity, and user experience across DeFi, gaming, RWAs, and AI sectors.
Paxos Launches Yield-Bearing Stablecoin on Injective (INJ)Network
Paxos introduces Wrapped Lift Dollar (wUSDL) on the Injective (INJ)Network, offering users a stablecoin that earns yield from treasury bills, enhancing DeFi interactions.
Optimizing Your LGG Winnings: Exploring Linea's DeFi Dapps
Discover how to maximize your LGG winnings using Linea's top DeFi applications like Lynex, Maestro, and Zerolend, and explore the benefits they offer.
Uniswap (UNI) Integrates World Chain for Enhanced DeFi Experience
Uniswap (UNI) now supports World Chain, allowing users to swap and provide liquidity on its Layer 2 blockchain, enhancing low-cost and fast onchain experiences.
BNB Chain Introduces New Projects from September to October 2024
Explore the latest additions to the BNB Chain, featuring innovative projects in DeFi, AI, gaming, and more, launched between September 23 and October 18, 2024.
Manta Network Launches Expedition with MANTA Rewards
Manta Network introduces the Manta Expedition, offering participants the opportunity to earn MANTA rewards by completing quests across various DeFi protocols.
Solana's Evolution: High-Speed Blockchain Faces New Challenges in 2024
Solana, known for its speed and efficiency, has rebounded from initial setbacks to secure a niche in payments and consumer markets. The blockchain continues to evolve amidst growing competition.
Understanding DeFi: The Decentralized Finance Revolution in Web3
Explore how Decentralized Finance (DeFi) transforms financial systems using blockchain, offering peer-to-peer transactions and smart contracts in the Web3 landscape.
Exploring BNB Token's Impact in DeFi, CeFi, and PayFi
Discover how BNB token enhances decentralized finance (DeFi), centralized finance (CeFi), and payment finance (PayFi) ecosystems with its diverse applications in blockchain technology.
DeFi Surge Fuels Eastern Europe's Crypto Adoption in 2024
Eastern Europe sees significant DeFi growth, with Ukraine and Russia leading in adoption despite geopolitical challenges, according to Chainalysis.
Ika Protocol Empowers Sui Smart Contracts for Cross-Blockchain Interoperability
Ika, formerly dWallet Network, enables Sui smart contracts to manage assets across blockchains, offering secure and scalable DeFi solutions with its MPC technology.
Taiko Network Achieves New Milestones and Plans for Future Innovations
Taiko Network reports significant growth in transactions and TVL, unveils plans for ZK proofs integration, DAO governance, and preconfirmations.
Injective (INJ)and Fetch Collaborate to Advance AI-Driven Finance with ASI
Injective (INJ)and Fetch.ai join forces with the Artificial Superintelligence Alliance to enhance AI-enabled finance on the Injective platform, marking a significant step in blockchain interoperability.
EU DeFi Policy Roundtable: Insights and Challenges Explored
Polygon (MATIC) Labs and Coinbase held a roundtable in Brussels to discuss DeFi policy in the EU, focusing on regulation, innovation, and market fairness.
UBET Revolutionizes Sports Predictions with UAMM Algorithmic Pricing
UBET introduces UAMM, a decentralized algorithmic pricing mechanism for sports prediction markets, offering fairer odds and improved liquidity through blockchain technology.
OKX Ventures Invests in Corn's Ethereum Layer 2 for Bitcoin DeFi Integration
OKX Ventures invests in Corn, an Ethereum Layer 2 network, aiming to integrate Bitcoin into Ethereum's DeFi ecosystem. This strategic move leverages BTCN for seamless BTC transactions.
Flow Traders Enhances Wormhole's Multichain Swaps with Solver Network Participation
Flow Traders joins Wormhole's network to boost multichain swaps, providing enhanced liquidity and speed. This collaboration aims to improve cross-chain transactions through the Composable Intents platform.
Agora Introduces AUSD Stablecoin on Injective (INJ)Blockchain
Agora launches AUSD, a US dollar-backed stablecoin, on the Injective (INJ)blockchain, enhancing liquidity between DeFi and TradFi markets, and supporting seamless financial transactions.
CeDeFi V2 Migration: Key Dates and Changes for Users
CeDeFi V2 is launching soon. Learn about the migration timeline, changes, and how it affects current users with open positions on the platform.
Injective's October Updates Highlight Advancements in TradFi and DeFi Integration
Injective's October 2024 update reveals significant advancements in blockchain, ecosystem, and community sectors, aiming to merge traditional finance with decentralized finance.
BounceBit Integrates MirrorX for Enhanced Automated Yield Optimization
BounceBit collaborates with Ceffu's MirrorX to enhance automated yield optimization through secure off-exchange settlements, aimed at simplifying yield farming and maximizing returns.
VanEck Launches SUI-Backed Financial Instrument for Investors
VanEck introduces a new financial product backed by SUI tokens, enhancing investor access to the Sui network, known for substantial growth in DeFi and TVL.
Uniswap (UNI) Launches Historic $15.5M Bug Bounty for Version 4
Uniswap (UNI) unveils a record-breaking $15.5M bug bounty for its v4 core contracts, aiming to bolster security and attract developers globally.
Taiko Announces Trailblazers Season 3 and Extended Liquidity Royale
Taiko wraps up Trailblazers Season 2 and gears up for Season 3 with exciting updates, including the continuation of the successful Liquidity Royale event.
Uniswap (UNI) and Fireblocks Team Up to Enhance Institutional DeFi Access
Uniswap (UNI) Labs partners with Fireblocks to enable financial firms to tap into DeFi through Uniswap's Trading API, offering deep liquidity and competitive pricing.
Bitcoin Layer 2 Projects Surge: A Detailed Look at the Modular Future
Bitcoin Layer 2 projects have grown significantly, with a sevenfold increase from 2021 to 2024. Explore the impact of this growth on venture funding and the future of Bitcoin's modular ecosystem.
FDUSD Stablecoin Launches on Sui Blockchain
First Digital introduces its stablecoin, FDUSD, as a native token on the Sui blockchain, expanding DeFi options and showcasing institutional confidence in Sui's growing ecosystem.
Sui Expands DeFi Horizons with Native Stablecoins
Sui's ecosystem is evolving with the introduction of native stablecoins, reshaping DeFi and unlocking new opportunities. Explore the impact of USDY, AUSD, USDC, and FDUSD.
Sui Partners with Franklin Templeton to Enhance Blockchain Ecosystem
Sui collaborates with Franklin Templeton Digital Assets to bolster its blockchain ecosystem, highlighting projects like Deepbook and Karrier One, amid growing interest from global investment firms.
DeFi TVL Surges to $55.365 Billion, Lido Finance Peaks at $22 Billion
Global DeFi TVL reached $55.34 billion in 24 hours, with decentralized exchanges leading volume and Lido Finance reaching a $22 billion milestone, indicating robust DeFi sector growth.
Euler Finance hacker returns $5.4M
The hacker who drained $197 million from Euler Finance in the biggest DeFi hack of 2023 so far reportedly returned around $5.4 million in Ether to the company. The funds were sent in three transactions from the hacker's address to Euler Finance's deployer address, but it remains to be seen if the hacker will return the rest of the stolen funds.
Polygon Announces Beta Launch of Zero-Knowledge Ethereum Virtual Machine
Polygon's zkEVM Ethereum scaling solution will deploy on mainnet beta March 27.
Animoca Brands subsidiary Darewise Entertainment Secures US$3.5M for Bitcoin Metaverse Ecosystem Token
Darewise Entertainment raised US$3.5 million via a token pre-sale on 17 October 2023, ahead of its Bitcoin metaverse ecosystem token launch, aimed at enhancing the development of its game Life Beyond. With significant backing from notable investors and strategic support from Horizen Labs for a 2024 token release, the project marks a substantial stride toward creating a Bitcoin-powered gaming metaverse.
Memecoins Dominate Q1 2024 Crypto Market Returns, Followed by DeFi and DePIN
In Q1 2024, crypto narratives experienced impressive returns, with memecoins leading the pack with an average return of 1312.6%, followed by RWA and AI.
Crypto and NFT Communities Respond to Turkish Earthquake Relief Efforts
Many firms in the field have donated funding, on-the-ground help, and even future NFT charity efforts.
Yearn.finance Appeals to Arbitrage Traders for $1.4 Million in Recovery Funds After Multisig Error
Yearn.finance seeks the return of $1.4 million from traders after a multisignature scripting error drained its treasury.
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.
Ripple CTO Advocates for Community Consensus on XRP Ledger's AMM Feature Integration
Ripple's CTO, David Schwartz, stresses the importance of community consensus for integrating the Automated Market Maker (AMM) feature on the XRP Ledger. Through discussions on X (formerly Twitter), Schwartz outlines a methodical approach to addressing concerns and urges validators to support the amendment only after achieving community agreement. The AMM feature, seen as a significant stride in decentralized finance on XRPL, was introduced in rippled version 1.12.0 alongside a potential clawback feature aimed at legal liability protection for developers. Schwartz's engagement exemplifies a balanced approach to evolving XRPL while preserving its decentralized character.
ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support
ZetaChain and Curve Finance have partnered to introduce native Bitcoin support for cross-chain swaps and omnichain asset pools, enhancing asset management efficiency across blockchains.
Chainlink Unveils Constellation: A Grand Hackathon Event
Chainlink announces its largest hackathon, Constellation, from November 8 to December 10, 2023, with a $350,000 prize pool across seven core tracks. This event follows the trajectory of growth from Chainlink's inaugural hackathon in 2020. The hackathon is open to Web3 engineers of all experience levels and covers a broad spectrum of blockchain applications. It not only serves as a competition but a learning platform offering extensive educational resources and technical support to participants.
Metis Launches Decentralized Liquid Staking in Layer 2 Revolution
Metis is launching the Liquid Staking Blitz, a decentralized sequencer initiative, to boost the growth of Liquid Staking Derivatives within its ecosystem, enhancing network security and governance.
Donald Trump's NFT Trading Card Collection
On Dec. 15, 45,000 self-themed trading cards were released for $99 apiece. The collection has generated approximately $1.2 million in secondary sales. Sewer Pass NFT transactions on secondary markets are strong. #NoNeoNFT emerged when the company's Solana network NFT collection failed. NUS claims the HaptGlove simulates touch and grip more realistically than conventional gloves.
WhaleFin is being sued by Atletico Madrid for unpaid sponsorship
Atletico Madrid is suing WhaleFin for €20 million over a terminated €40 million sponsorship deal, claiming financial losses and potential reputational damage.
US Senate Introduces DEFIANCE Act to Combat AI-Generated Nonconsensual Deepfakes
The US Senate has proposed the DEFIANCE Act in response to the increasing spread of AI-created, nonconsensual explicit imagery, exemplified by recent deepfake incidents involving Taylor Swift. This bill aims to provide legal recourse for victims and criminalize the production and distribution of such content.
Ethereum staking service Rocket Pool reaches $1 billion in total value
Decentralized network operators get 7.26% annually.
Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government
The Japan Blockchain Association (JBA), led by Representative Director Yuji Kano of bitFlyer, submitted a proposal for cryptocurrency tax reforms to the government on July 28, 2023.
Two suspects have been arrested by the French police in connection with Platypus
French authorities apprehended two individuals in Platypus' $9.1 million exploit.
Sui Network Redirects Additional 40M SUI, Totaling 157 Million
The Sui Foundation has redirected an additional 40 million SUI tokens towards ecosystem and community development, adding to the previous 117 million SUI, making a total of 157 million SUI. This reallocation aims to bolster the DeFi ecosystem of Sui Network, which has shown a significant uptick in total value locked, marking over 100% increase in the last two months. The initiative follows a series of remarkable achievements by Sui, underscoring its commitment to fostering a robust ecosystem for decentralized applications and financial protocols.
Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket
Arbitrum-based algorithmic stablecoin startup Hope Finance loses $2 million to a smart contract attack.
Circle Rolls Out Native USDC on the Celo Blockchain, Expanding Stablecoin Access
Circle has integrated USDC directly onto the Celo blockchain, enabling faster and cheaper transactions with its native stablecoin. This aligns with Circle and Celo's shared mission of increasing financial access.
Binance Labs Invests in nLRP Puffer for Enhanced Ethereum Staking
Binance Labs, Puffer, Ethereum Staking, DeFi, Liquid Restaking, EigenLayer, Blockchain Innovation, Decentralization, Cryptocurrency Investment, DeFi Development
PancakeSwap's CAKE Token Skyrockets by Over 50%
PancakeSwap's CAKE token experienced a 50% surge in a week, thanks to strategic token burn and a new supply cap proposal, marking a significant DeFi milestone.
BlockSec Launches Phalcon Fork for Private Chain Collaborative Testing
Blockchain security firm BlockSec has launched the Phalcon Fork toolkit for collaborative testing on private chains forked from the Ethereum mainnet. The toolkit provides more control for developers over testing, analysis, and debugging of transactions, while retaining services and states from the Ethereum mainnet. It also includes an integrated faucet for free fork network Ether (ETH) and Fork RPC for integration with Ethereum Virtual Machine-compatible development frameworks.
Bybit-Backed Gaming Platform Enters the Web3 World for Enhanced Experience
Yeeha Games, a $50 million-funded GameFi platform backed by crypto exchange Bybit, has entered the Web3 world to act as the bridge between gaming and finance (GameFi) and traditional gaming.
Scallop Protocol Secures $3 Million Funding
Scallop Protocol, a leading DeFi platform on Sui Network, successfully raises $3M in strategic investment round for expansion.
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.
Uniswap v3 Protocol to Be Deploy to BNB Chain
80% of Uniswap users opted for BNB Chain's third decentralised exchange system. A "temperature check" determined community support. Five to seven weeks are needed to implement smart contracts.
ApeCoin DAO Signs Off on a $4.4M Bug Bounty
ApeCoin DAO has agreed to launch a $4.4M bug bounty on ImmuneFi
Cryptocurrency Soars in Q1 2023
CoinGecko's Q1 2023 Crypto Industry Report shows Bitcoin as the best-performing asset, with a gain of 72.4%. DeFi and NFTs have also surged, while stablecoins saw a drop in market cap due to Binance USD shutdown and USDC depeg. The overall market capitalization reached $1.2 trillion at the end of Q1.
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.
Jul 17 Trading Analysis: Even the best pandemic stock couldn't move the needle on earnings
BTC continues to snooze while ALTs continue to put on their dancing shoes with some DeFi names tracking double digit gains on a daily basis this week. If DeFi isn't enough, payments segment is also getting a bid on with Stellar making an announcement that they will be made available on Samsung mobile phones. So what if crypto celebrities and company twitter accounts got hacked, Bitcoin just had another free advertising campaign courtesy of these hackers. Bank of Thailand is also making greater progress in its central bank digital currency as it heads into Phase 3.
Euler Finance suffers $197M DeFi hack
Decentralized finance (DeFi) protocol Euler Finance lost nearly $197 million in a flash loan attack on March 13, impacting more than 11 other DeFi protocols. The vulnerability remained on-chain for eight months despite a $1 million bug bounty in place. Euler Finance disabled the vulnerable etoken module and vulnerable donation function, and has reached out to security firms and the ETH security community to help with the investigation and recover the stolen funds.
Curve Founder Michael Egorov Withdraws Near 12 Million CRV Tokens
Michael Egorov, the founder of Curve Finance, withdrew nearly 12 million CRV tokens, equivalent to $5.08 million, from the platform's vesting contracts on October 12, 2023. This move aligns with the vesting schedule of CRV, enabling Egorov to claim $235,000 worth of CRV daily.
MakerDAO Votes to Bring Another Commercial Bank Into Its Ecosystem
MakerDAO is voting on adding a commercial bank.
DeFi Suffers $21M in Losses from Exploits
Decentralized finance (DeFi) platforms lost at least $21 million in February due to a series of exploits including flash loan reentrancy attacks, price oracle attacks, and other hacks across seven protocols. Noteworthy incidents included the reentrancy attacks on Platypus Finance and dForce network, the price oracle attack on BonqDAO, and the smart contract exploit on Hope Finance. These incidents follow a report by Chainalysis revealing that DeFi platforms lost $3.1 billion to hacks in 2022.
DeFi Execs Argue KYC as Solution to Combat Money Laundering in the Industry
DeFi executives at the WOW Summit in Hong Kong endorse KYC as a solution to tackle AML issues and combat hackers laundering stolen funds into clean money. However, there are concerns that KYC alone will not solve all AML problems and that different mechanisms should be used for different solutions.
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.
Ripple on the Brink of Decisive Win as SEC Legal Battle Nears End
Ripple is expected to win a legal battle with the SEC, potentially settling $20 million or less. This victory is expected due to legal perspectives and the recent Second Circuit Court ruling, impacting digital currency regulation.
CFTC Report Underscores DeFi Risks and Calls for Action
The CFTC report on DeFi underscores significant risks to the U.S. financial system, national security, and consumer protection, emphasizing the need for increased understanding, regulation, and collaboration in the sector.
HTX Hacker Returns Stolen Ether, Rewarded with Bounty
The hacker who stole 5,000 Ether from Huobi Global's exchange HTX returned the funds on October 7, following a bounty offer from HTX. The exchange had offered a 5% bounty of the stolen funds if returned by an October 2 deadline. Upon the return of the stolen funds, the hacker was rewarded with a 250 ETH bounty, valued at approximately $410,000. The return of the funds and the bounty payout was publicly acknowledged by HTX adviser Justin Sun.
U.S. Houston Firefighter’s Pension Fund Invests $25 Million in Bitcoin and Ethereum
The Houston Firefighters' Relief and Retirement Fund, which manages nearly $5.5 billion in assets, announced that it has invested in cryptocurrencies.
Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024
DeFi TVL nearly doubled in Q1 2024, reaching $98 billion, partly due to Ethereum's liquid restaking initiatives. However, a recent crypto market pullback has led to a decline to $86.6 billion.
Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem
Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.
US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members
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.
Defi Wallet Unstoppable Finance Raises $12.8M in Series A Fund
Berlin-based Unstoppable Finance has announced a €12.5 million ($12.8 million) Series A round led by Lightspeed Venture Partners.
MicroStrategy's Debt Dilemma: A Balancing Act Between Bonds and Bitcoin
Adam Cochran discussed MicroStrategy's financial quandary due to its 2025 and 2028 convertible notes amidst its extensive Bitcoin holdings. Failure to address the 2025 note could lead to a 15% equity dilution, while refinancing could spike yield rates. Options like leveraging Bitcoin or selling it to cover debts were explored, with the latter potentially causing a dip in market confidence. Cochran hinted that the year-end decisions could significantly impact how MicroStrategy navigates its debt come 2024.
DeFi Platform Texture Secures $5M in Funds to Develop Yield Management Tools
DeFi protocol Texture Finance has tapped $5m in funding from P2P Capital amongst others.
Mango Labs Sues Avraham Eisenberg for $47 Million
Mango Labs, the firm behind Mango Markets, has sued exploiter Avraham Eisenberg. The Jan. 25 complaint says Einseberg misused its platform for millions of dollars in cryptocurrency in 2022.
SushiSwap to Redirect Trading Fees to its treasury
SushiSwap will shortly transfer all trade fees to its treasury. 99.85% of voters "clawbacked" 10,936,284 unclaimed SUSHI ($14.8 million) tokens.
ShapeShift Responds to Elizabeth Warren
Shapeshift responded to Senator Warren's Valentine's Day Senate hearing statements on Twitter on Feb. 19.
Aevo Announces 30M $AEVO Airdrop with Rewards for Active and New Users
Aevo, a burgeoning name in the decentralized finance (DeFi) landscape, has just announced a significant airdrop event, scheduled for March 13, 2024.
Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy
In the Genesis Global bankruptcy case, unsecured creditors have a seven-member committee.
The DeFi space is on a path of steady recovery as good actors
Yearn.finance, MakerDAO, SushiSwap, and Aave were among 30 protocols engaged.
Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency
Galaxy Digital invests $44 million in institutional bitcoin custody platform GK8 to integrate its asset storage and management capabilities.
Cosmos Hub Votes to Reduce ATOM Inflation Rate to 10%
Cosmos Hub proposes reducing ATOM inflation rate from 14% to 10%, lowering annual staking yield from 19% to 13.4%, optimizing security expenses and introducing a liquid staking module.
Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development
The ICF supports adoption initiatives like Interchain Builders and Interchain NFTs while emphasizing core development.
Uniswap's Front-End Fees Surpass $1 Million
Uniswap's front-end fees exceed $1 million in 24 days, contributing 17.4% to its total fees, with an estimated annual revenue of $15.2 million.
The Wormhole hack: hacker shifts $155 million
On January 23, a DEX received $155 million in Ether. The Wormhole attack, which lost 120,000 Wrapped ETH on Feb. 2, was 2022's third biggest crypto heist.
DeFi Lending Protocol Compound Launched its Compound III Version
Defi lending protocol Compound announced that Compound III (V3)was officially launched on the Ethereum mainnet.
Platypus Finance Suffers Exploit Resulting in Over $2M Loss
Platypus Finance, a DeFi protocol on the Avalanche blockchain, suffered an exploit on 12th October 2023, leading to a loss of over $2 million. The protocol had temporarily suspended all pools due to suspicious activities and is working towards resolving the issue. Blockchain security firm PeckShield Inc identified and disclosed the exploit, underscoring the need for enhanced security measures in the DeFi space.
Polygon Announces the Launch of a Direct Bridge by Ren Protocol
Polygon’s official Twitter announced to launch a direct bridge to Polygon by Ren open protocol.
CITD to Issue HK$100 Million Bonds Utilizing Blockchain
China Information Technology Development Limited (CITD) (HKEX: 8178), a leading technology company specializing in AI and cloud technologies, has announced its plan to issue HK$100 million worth of Bonds using distributed ledger technology (DLT). The proposed issuance aims to revolutionize the bond market by leveraging blockchain and smart contract technologies.
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.
Mango Markets Hacker Says He 'Did Nothing Wrong'
Avraham Eisenberg explained how profitable traders like him attract jealousy and hate.
$2 Million Worth of Cryptocurrency Lost in Dexible Hack
One of Dexible's founders lost $50,000 in bitcoin.
Base Layer-2 Protocol Shatters DEX Trading Volume Record with $1.21B Surge
Base, a prominent layer-2 Ethereum scaling solution, set a new trading volume milestone of $1.21 billion on decentralized exchanges, spearheaded by activity on Uniswap.
dYdX Community Votes to Stake $61M in DYDX Tokens for Enhanced Security
The dYdX community overwhelmingly approved a proposal to stake 20 million DYDX tokens with Stride to boost the protocol's security as DEX activities rise.
Nansen CEO Predicts Six Key Trends in Crypto
Nansen.ai CEO, Alex Svanevik, outlined six pivotal crypto trends on Twitter, emphasizing the synergy of fintech and crypto, DeFi's potential in gambling, the growing relevance of real-world assets like T-bills, the impending rise of Web3 gaming, SocialFi's development, and Physical NFTs' retail integration. The thread also welcomed community input, reflecting on other emerging trends like blockchain in fantasy sports.
Robinhood Wallet Joins Forces with Arbitrum (ARB) to Enhance Layer 2 Access
Robinhood Wallet partners with Arbitrum to offer users seamless swaps on Layer 2, enhancing DeFi accessibility and experience.
The Importance of NFTs in the Web3 industry
NFT token sales increased 67.57% to 101 million last year. DappRadar's Web3 adoption analysis found huge transaction growth in the Solana and ImmutableX ecosystems.
Lido DAO Faces Class-Action Lawsuit Over LDO Token Alleged to be Unregistered Security
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.
Total value locked in Ethereum-based Decentralized exchange
After community approval, Boba Network will instal Uniswap v3 as the sixth chain.
Fantom's Evolution: From Technical Innovations to Ecosystem Expansion
Fantom continues to innovate despite facing challenges in its DeFi ecosystem. With planned technical upgrades and a focus on growing its developer community, the network aims for a robust and diversified blockchain ecosystem.
Uniswap Labs Announces Upcoming v4 and Developer Training Program
Uniswap Labs teases the launch of Uniswap v4 and introduces an 8-week developer course to master v4 hooks, led by industry experts including Will Pote.
DeFi Platform Raft Compromised, Loses $3.3 Million in Ether
Raft DeFi platform hacked, loses $3.3M in ETH. Attacker burns most stolen ETH, faces net loss.
Everlend Finance, a Solana-based decentralized finance
Solana protocol decentralises finance Closing Everlend Finance.
Manta Network Launches "Blast Off to Manta" with $MANTA Incentives
Manta Network introduces "Blast Off to Manta" for instant Blast withdrawals & MANTA rewards, aiming to enhance the DeFi ecosystem.
185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023
SlowMist, a renowned blockchain security firm, has recently published its mid-2023 report on Blockchain Security and Anti-Money Laundering (AML). The report offers a comprehensive overview of the current global landscape of blockchain security and AML developments.
Sber Bank's blockchain technology uses Metamask
Russia's biggest lender integrates its blockchain technology with Ethereum to enter DeFi and Web3. The connection lets users utilize Sber's tokens and smart contracts. Sberbank is developing blockchain goods. It requested a blockchain platform for its "Sbercoin" stablecoin from the Bank of Russia in 2021.
Compound Founder's New Venture Superstate To Bridge Traditional and Blockchain Finance
Compound's Founder and CEO, Robert Leshner, has announced the launch of a new venture, Superstate (@superstatefunds). "Superstate's mission is to create regulated financial products that bridge traditional markets & blockchain ecosystems," said Leshner, signaling a significant shift in the financial industry.
Wintermute-Backed Decentralized Exchange Bebop Expands to Polygon
Following its launch on the Ethereum blockchain in June, Bebop, a decentralized exchange incubated by crypto trading firm Wintermute, has now expanded support to Polygon.
Goldman Sachs Applies for a DeFi and Blockchain ETF to Optimize Investment Results
Banking giant Goldman Sachs applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission intended to maximize investment results based on the performance of the Solactive DeFi and Blockchain index.
Fantom Foundation Lowers Staking Threshold to 50,000 FTM
Fantom Foundation has reduced its validator staking requirement from 500,000 FTM to 50,000 FTM, aiming to boost network security and accessibility, following a June 2023 governance vote.
Blockchain Gaming is Having a market caps increment
The research also found that top gaming token market capitalization rose 122% in January.
Web3 Builders Reveals Suite of Tools to Combat DeFi exploits
Nicholas Horelik of Web3 Builders stated, “end users ought to have this functionality” to understand asset security.
Mars Hub Launches Independent Cosmos Application Chain
An airdrop on the mainnet will unlock 64.4 million MARS tokens for Terra Classic holders who held them throughout the two historical snapshots. Osmosis blockchain will launch the first Mars outpost in early 2023.
Omega Secures $6M in Funding to Revolutionize Bitcoin and DeFi Ecosystem
Omega announces a $6M funding round to launch its decentralized infrastructure, aiming to redefine omnichain and Bitcoin DeFi without relying on traditional bridges or L2 solutions.
Radiant Capital Suffers $4.5M Flash Loan Attack
Radiant Capital was hit by a $4.5M flash loan attack due to a known codebase rounding issue, leading to a temporary pause in their Arbitrum market operations.
PureFi Introduces SafeTransact to Enhance Web3 Security
PureFi has launched SafeTransact, a new security method that examines blockchain transactions and notifies users of any suspicious activities. The system is designed to integrate with AMLSafe, a multi-crypto wallet from the same ecosystem. SafeTransact aims to improve the security of Web3 transactions and address the potential hacking threats to blockchain networks.
OpenTrade and WOO X Unite to Offer Tokenized T-Bills to Asian Investors
OpenTrade collaborates with WOO X to unveil access to tokenized T-Bills for Asian investors. This partnership, leveraging Circle Research’s Perimeter Protocol, is a response to the escalating demand for tokenized T-Bills over DeFi yields. Concurrently, WOO X advances its strategic footprint in South Korea, aligning with CODE compliance solutions to broaden its product accessibility in the region.
Uniswap Expands Mobile Footprint with Android Wallet Launch
Uniswap has launched a beta version of its mobile wallet for Android on October 12, following the successful iOS app release in April. The Android wallet facilitates easier swaps on various chains without manual network switching, offers robust swap protection against frontrunning, and ensures a transparent fee structure for its users. The launch, part of a broader trend among decentralized exchanges, signifies the growing emphasis on mobile platforms in DeFi.
DeFi Insurance Claims Reach $34.4 Million
DeFi insurance firms paid out $34.4 million in claims in 2022, including $22.5 million for the collapse of Terra Luna and $4.7 million for FTX. DeFi insurance now covers eight major categories, but more work is needed to scale.
Enjin Launches NFT-Focused Blockchain, Migrates Native Token and Merges Efinity Token
Singapore-based Enjin, a pioneer in the blockchain ecosystem for Non-Fungible Tokens (NFTs) and digital assets, has launched the Enjin Blockchain.
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.
Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations
Binance Tax is offered to Binance.com customers in France and Canada, with more territories to come.
Fireblocks Integrates Astar Network, Boosting Secure DeFi Access for Institutions
Fireblocks has now incorporated Astar Network. With the new integration, over 650 banks and financial institutions can now tap into Astar's thriving DeFi ecosystem, as well as trade, swap, and lend digital assets on Astar via Fireblocks.
PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets
A joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.
Lido's Faulty Contract Locks $24 Million in Solana stSOL Tokens
A smart contract error has locked $24 million worth of tokenized staked Solana (stSOL) on Lido, following its service discontinuation in October 2023.
THORSwap Resumes Operations with Enhanced Security Measures to Combat Illicit Funds Transfer
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.
Binance Labs Wraps Up Incubation Season 6 with Strategic Investments in Seven Blockchain Startups
Binance Labs concludes its sixth incubation season, investing in seven early-stage projects across DeFi, infrastructure, and AI-powered DApps, signaling strong support for innovative Web3 solutions.
Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion
The DeFi space had a busy week with the successful completion of the Shapella upgrade on Ethereum, concerns over privacy related to staking, a major DeFi hack, and a partnership between Fonbnk and Tanda to increase financial inclusion in Africa. The top 100 DeFi tokens had a bullish week, and Glassnode predicted only a small percentage of staked ETH would be withdrawn.
PancakeSwap (CAKE) Launches V4 with $500,000 Developer Program to Enhance DeFi Ecosystem
PancakeSwap V4 debuts with a substantial $3M CAKE token airdrop, introducing innovative features and significant gas cost reductions for its users.
The Metaverse: The Future of Social Life?
In December 2022, CoinWire polled 10,000 crypto investors. 69% of respondents expected the metaverse to change social lifestyle with a new entertainment model, and 65% expected it to affect social activities.
Ethereum's Revenue Hit $9.9B in 2021 as ETH Emerges as the Most Searched Project
Ethereum (ETH) scaled the heights in 2021 by generating revenue to the tune of $9.9 billion thanks to a couple of use cases on its network.
CEO of Composable Finance Vigorously Refutes Allegations
Composable Finance CEO Omar Zaki denies Karel Kubat's claims that his business violated SEC cease-and-desist orders.
DeFi Platform HashBrownSwap Appoints Ian Scarffe as Advisor
Ian Scarffe's extensive investment experience globally has won him a spot at HashBrownSwap (HBS) as a blockchain and cryptocurrency advisor.
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.
Chainalysis Employs Coinbase Commerce to Facilitate Crypto Payments, Broadening Support for DeFi Sector
Chainalysis has announced the integration of Coinbase Commerce into its payment systems. This new feature enables users to settle invoices with a diverse selection of digital assets, including a variety of DeFi tokens.
1inch Joins Ethereum's zkSync Era for Faster DeFi Transactions
1inch, a decentralized finance (DeFi) protocol, has deployed its aggregation and limit order protocols on Ethereum's zkSync Era. The move is aimed at leveraging faster and cheaper transactions on the layer-2 scaling solution.
SUSHI and YFI Price Manipulation on dYdX v3 Revealed
The recent dYdX v3 incident, involving significant price movements of SUSHI and YFI tokens, has raised crypto community concerns. The attacker deposited $5.3 million, took leveraged positions, and caused liquidation events.
Platypus Recovers 90% of Stolen Funds from Recent Exploit
Platypus DeFi protocol has recovered 90% of the funds stolen in the recent 12 October 2023 exploit, reducing the net loss to about 18,000 AVAX. The protocol acknowledged the community's support in swiftly resolving the crisis and is making arrangements for the withdrawal of liquidity providers. Amidst ongoing investigations and enhanced security measures, Platypus continues to work on a compensation plan for affected users from previous attacks.
140 Million Users and 600 Tokens: Binance Celebrates 6th Anniversary
The largest cryptocurrency exchange Binance recently celebrated its 6th anniversary. The platform, which started as a crypto-to-crypto exchange with 5 tokens in 2 languages, now supports over 600 tokens in more than 40 languages, serving over 140 million users globally.
Stablecoin Depeg Event Reveals Risks to DeFi and Traditional Finance
Recent failures of established financial institutions, such as Silicon Valley Bank and Signature Bank, have highlighted the potential for distress to spread to the decentralized finance (DeFi) sector. The depegging of stablecoins, including Circle's USD coin (USDC), has also brought governance risks related to the custody of reserve assets to the forefront. Moody's anticipates that regulators could increase their scrutiny of stablecoins and require greater counterparty diversification.
The Financial Stability Board (FSB) is pushing for international regulations
Global standard-setting organisations are helping the Financial Stability Board evaluate DeFi legislation in numerous countries.
Binance Research Reveals Key Crypto Market Trends
Binance Research's latest report reveals a thriving crypto market in February 2024, with a 40% increase in total market capitalization, driven by spot BTC ETF inflows and strong DeFi and NFT performance.
Sushi Goes Live on Blast, Revolutionizing DeFi with Layer 2 Yield Innovation
Sushi has expanded into Ethereum's Layer 2, launching on Blast to offer users enhanced yield opportunities and reduced gas fees.
Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping
The Australian Taxation Office has issued guidelines on the capital gains tax implications for decentralized finance activities and crypto token wrapping, following a recent security breach.
Russia largest bank is moving forward with the plan
Sberbank, Russia's biggest bank, will begin open DeFi platform testing in April 2023.
PancakeSwap Launches V3 with Lower Fees and Enhanced Capital Efficiency
PancakeSwap has launched version 3 of its automated market maker platform, featuring lower fees and enhanced capital efficiency. Liquidity providers can now select custom price ranges, allowing specific control over capital investments, and the release also includes four new trading fee tiers. The platform serves over 1.5 million unique users and has more upcoming features in development.
Pantera Capital: Crypto Market Turns Bullish Amid Regulatory Clarity
Pantera Capital predicts a bullish trend in the cryptocurrency market, highlighting Bitcoin's potential for DeFi expansion, technological advancements, and regulatory favorableness, following the anticipated Bitcoin halving event.
Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend
Algorithmic stablecoin protocol Frax Finance has launched its own lending marketplace Fraxlend, allowing users to lend and borrow tokens belonging to the Chainlink data feed without permission.
Goldman Sachs to Launch Data Service to Classify Digital Assets
Goldman Sachs has floated a new crypto categorization tool dubbed Datanomy
Bitwise Explores ETP Offering for Ethereum Layer-2 Networks
Bitwise is eyeing an Exchange Traded Product (ETP) focused on Ethereum's layer-2 solutions, with CIO Matt Hougan confident in the ecosystem's potential.
UAE and OKX Unveil Framework for Metaverse Self-Governance
The UAE AI Office, in collaboration with Web3 tech firm OKX, has released a whitepaper on a "Responsible Metaverse Self-Governance Framework" to address the growing influence of the metaverse and the need for standardized operational guidelines. The report stresses international cooperation for establishing self-regulatory principles ensuring transparent, safe, and ethical metaverse operations.
Grayscale Pairs with Coindesk Index to Launch DeFi Fund and Index
Grayscale Investments has made a move to launch a new DeFi fund and index with Coindesk Index. Grayscale said that the new DeFi fund would give investors the ability to invest in the DeFi protocol.
Hackers exploit Raydium protocol, sending $2.7 million
Tornado Cash received 1,774.5 Ether (ETH) from the Raydium protocol exploiter. The Solana-based DeFi protocol was attacked on December 16, 2022. Hackers are being fought by exchange security personnel.
Luna Trading Draws Online Discussions in China Despite Crypto Ban
Despite being banned in China, cryptocurrency is gaining attraction in the country as the value of some of the world’s most prevailing digital currencies and Non-fungible tokens (NFTs) has increased.
dYdX Transitions to Public Benefit Corporation
dYdX Trading Inc. has updated its charter to become a Public Benefit Corporation on 17 October 2023, as announced by its founder, Antonio. This move aims at aligning the company more closely with the web3 community, promoting global economic and technological advancement through open-source and decentralized crypto asset exchanges. This transition, a first of its kind in the DeFi sector, enables dYdX to balance shareholder value with public benefit.
Uniswap Officially Live on BNB Chain
Uniswap goes live on BNB Chain following a governance proposal, aiming for user growth, lower fees, and new market access.
Polygon Launches New Division Polygon Studios, Focusing on Blockchain Games and NFT Fields
Ethereum layer 2 scaling solution Polygon today announced establishing a new division, Polygon Studios, to focus on blockchain games and non-fungible tokens (NFTs).
Cardano's New Algorithmic Stablecoin DJED
ADA, Cardano's native token, backs the algorithmic stablecoin, which is tied 1:1 to the US dollar.
Hackers Launder $27 Million in Stolen Ethereum From North Korean
North Korean exploiters laundering June 2022 Harmony Bridge assault funding.
Bankless: Solana's Resilience and Prospects Amid Market Challenges
Solana has navigated through a challenging bear market and technical issues to emerge stronger in 2023. With improved network performance, diversification into new sectors like NFTs and AI, and upcoming developments like Neon EVM and Solang, Solana's future appears promising despite past setbacks.
Lido Announces Upcoming Upgrade, Introduces New Staking Router
Staking liquid Lido V2 will allow Ethereum staking reward withdrawals and better staking infrastructure.
Voltage Park's $1 Billion Cloud Infrastructure Targets ML Compute Shortage
Voltage Park, launching on October 29, 2023, introduced a $1 billion cloud infrastructure housing around 24,000 NVIDIA H100 GPUs, aimed at redressing the ML compute resource crunch. A subsidiary of the Navigation Fund, Voltage Park aspires to democratize ML compute access, thereby catalyzing AI innovation across the spectrum.
Sui Foundation Reallocates 117M SUI to Bolster Network Growth
Sui Foundation announces the reallocation of 117 million SUI tokens from external market makers to support the growth of its Layer 1 blockchain network, Sui. The move aims to bolster the network's DeFi ecosystem, which recently recorded its highest-ever total value locked (TVL) at approximately $37 million. The reallocation will not impact the circulating supply of SUI tokens.
Gamefi 'Land of Conquest' gets Backing from Huobi Ventures, to Start Beta Version in Aug
Blockchain game development company Land of Conquest received investment from Huobi Ventures.
Exploit of KyberSwap's Concentrated Liquidity Feature Results in $46 Million Loss
KyberSwap suffered a $46 million loss due to a flaw in its smart contract, highlighting vulnerabilities in DeFi smart contracts and the need for improved security protocols.
Huobi to Discontinue Cloud Wallet Service in May 2023
Huobi Cloud Wallet will be shut off in May 2023 once Feb. 13 upgrades and maintenance end.
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.
Stablegains Sued for Allegedly Misleading Investors
Stablegains, a DeFi yield platform that closed in May, is being sued in California.
CFTC Receives DeFi Crash Course
Crypto executives provided a DeFi crash course to the CFTC during their first Technology Advisory Committee meeting. Topics included blockchain technology, decentralization, digital identity, and exploits and vulnerabilities.
Bitcoin Celebrates 13th Birthday as the Cryptocurrency Era Continues to Tick
On January 3, 2009, Bitcoin’s genesis block was mined, setting the ball rolling on what the crypto space would offer.
Injective Launches $150 Million Ecosystem
Injective, a layer-1 blockchain technology, is funding Cosmos network developers with $150 million. Pantera Capital, Kraken Ventures, Jump Crypto, and Gate Labs support the fund.
Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report
The Q3 2023 Global Web3 Security Report, jointly initiated by Beosin and SUSS NiFT, reveals a concerning escalation in the Web3 security landscape. The report shows that losses from hacks, phishing scams, and rug pulls reached $889.26M in Q3 2023, exceeding the combined losses of the first two quarters. The report also highlights the increasing threat posed by North Korea's Lazarus group.
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.
Jump Crypto Recovers $140 Million Worth of Tokens from Wormhole Hack
Jump Crypto and Oasis recover $140m from Wormhole hack, showcasing importance of collaboration and innovation in fighting crypto hacks.
dYdX Founder Foresees 100x Growth in DeFi Derivatives
Antonio Juliano, founder of dYdX, predicts DeFi derivatives will grow 100x in the next few years, accounting for 2% of crypto derivative volume. This optimistic projection highlights the potential for investors and traders.
PancakeSwap Proposes to Deploy Mainnet on Aptos Blockchain
Developers of the decentralized exchange, PancakeSwap, on October 20, proposed its deployment to the Aptos blockchain due to the chain’s innovative and technical capabilities.
Cake DeFi Floats $100M Venture Fund for Web3.0
Cake DeFi, a Singapore-based decentralized finance investment platform, has launched its new $100 million venture capital arm.
Coinbase Identifies Four Key Innovations for its Layer-2 Network
Coinbase has identified four crucial innovations, including inflation-pegged "flatcoins," to be built on its recently launched layer-2 network Base. The other three areas are an on-chain reputation system, an on-chain limit order book exchange, and safer tools for DeFi.
Hackers exploit Raydium protocol, send $2.7 million
The Raydium protocol exploiter transmitted 1,774.5 ETH to Tornado Cash, a sanctioned cryptocurrency mixer. On December 16, 2022, the Solana-based DeFi protocol was attacked. Exchange security staff are fighting hackers.
Vitalik Buterin Critiques TVL as a Deceptive Metric in DeFi Space
In a recent Warpcast discussion, Ethereum's Vitalik Buterin challenges the overemphasis on Total Value Locked (TVL) in DeFi, highlighting security concerns and the need for a paradigm shift.
The January figures are 92.7% lower than the $121.4 million
In January, crypto attacks cost PeckShield $8.8 million, compared to $121 million last year.
Sui Foundation Allocates Over $1M to 17 Emerging Projects
The Sui Foundation has earmarked over $1.05 million for 17 new projects aimed at bolstering the development and adoption of Sui. This initiative encompasses a wide range of sectors within the Sui ecosystem, including DeFi, gaming, and on-chain solutions, showcasing the foundation's dedication to fostering innovation and expanding the decentralized platform.
The new procedures included the requirement that all future code changes be approved by the DAO
"Aave V3" was launched in March 2022 and deployed on numerous EVM-compatible blockchains soon after. V3 helps consumers save money and enhance capital efficiency. It permits riskier collateral.
Bridge the gap between traditional finance and DeFi
User location was shown to affect transaction authorisation, with Europe having the best success rates.
California Advances in Generative AI with New Report
The Newsom Administration's report on Generative AI outlines California's approach to regulating and embracing this technology, emphasizing education and workforce training for responsible use.
UK Considers New DeFi Tax Regime
The UK's taxation arm of the Treasury, HM Revenue and Customs, has launched a consultation seeking input from individuals and entities engaged in DeFi activities on a possible new tax regime. Under the proposed changes, crypto used in DeFi transactions would not be treated as a disposal for tax purposes, but a Capital Gains Tax would be triggered when cryptocurrencies are disposed of in a non-DeFi transaction.
DeFi Giants Launch on Ethereum Layer 2 zkSync Era
Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker, and Curve, are set to launch on zero-knowledge proof roll-up zkSync Era on March 24. The Ethereum layer 2 scaling network has opened to users in alpha after four years in development, enabling faster and cheaper transactions.
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.
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.
Singapore High Court Upholds DeFiance Capital's Claim Against Three Arrows Capital
Singapore's High Court upheld DeFiance Capital founder Arthur Cheong's trust relationship over assets disputed in bankruptcy proceedings, establishing investors' rights in cryptocurrency assets and trust law.
BNB Chain Dominates Q1 2023 Rug Pull Scams
According to a report by blockchain security firm Immunefi, BNB Chain saw 73.3% of all rug pull scams in the crypto ecosystem during Q1 2023. The report also revealed that BNB Chain and Ethereum were the two largest targets for hackers and scammers, with 68.8% of total losses from these networks combined.
Euler Finance Hacker Returns Majority of Stolen Funds
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, including 51,000 ETH and 7,737 ETH, worth a total of over $101 million at the time of writing. The hacker still controls some of the stolen assets, and the hack is considered the largest DeFi hack of 2023.
Ripple Reports Massive Sales Growth in Q3 Riding on Crypto Price Surge
Blockchain payments firm, Ripple Labs Inc has announced its sales record for the fiscal third quarter which comes in at $491.74 million.
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
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.
Ankr Enhances DeFi Ecosystem by Supporting OKX Chain's X1 Layer 2
Ankr expands its infrastructure services by integrating support for OKX Chain's X1 Layer 2, enhancing scalability and DeFi access.
COTI Unveils ETH L2 Developer Network and Growth Fund Use Cases
COTI announces an ETH L2 Developer Network to leverage its $100M fund, targeting key use cases like Confidential DeFi and encrypted data management.
Aave to Activate Fee Switch, Rewarding Token Holders with $60M Annual Profits
Aave plans to enable a "fee switch" that will distribute transaction fees, estimated at $60 million annually, to Aave token holders.
Starknet Foundation Establishes DeFi Committee to Boost Ecosystem
Starknet Foundation has launched a DeFi Committee to bolster its DeFi ecosystem. Chaired by six experts, the committee will strategize and implement an on-chain liquidity incentive program, marking a strategic move for Starknet in the DeFi space.
Fantom Foundation Wallets Compromised in Suspected Chrome Exploit
Fantom Foundation's wallets were reportedly compromised with a suspected Google Chrome zero-day exploit. While the breach resulted in a loss of $550K from the Foundation's funds, over 99% of their assets remain secure. The attacker demonstrated expertise in the DeFi ecosystem, with total gains estimated at $6.7 million.
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.
Binance Launches In-Store Crypto Payment Solution with Ingenico
In Q2 2023, a crypto-to-fiat solution for fiat payments will pilot for retailers.
Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2
Bitwise Asset Management to launch two first-of-its-kind Ethereum Futures ETFs, AETH and BTOP, on October 2. The ETFs offer exposure to CME Ether futures in a regulated format.
DeFi Hacker Returns $5.4M to Euler Finance
A hacker who drained $197 million from Euler Finance returned 3,000 ETH ($5.4 million) to the deployer address, following a $1 million reward announcement by Euler Finance. The attacker used a multichain bridge to transfer funds from the BNB Chain to Ethereum and moved the stolen funds into Tornado Cash before returning the funds.
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
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.
KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans
KyberSwap, after a $48.8M hack, has halved its workforce and launched a reimbursement plan for affected users, showcasing the resilience of DeFi.
Dozens of AI-Powered Chatbot Tokens Found to Be Part of honeypot schemes
Blockchain security company PeckShield has warned about "dozens" of BingChatGPT pump-and-dump tokens.
Multicoin Capital's Vision for 2024: Embracing AI, Crypto, and Web3 Innovations
Multicoin Capital's 2024 outlook highlights the transformative role of AI, stablecoins, and innovative token distribution in the crypto and blockchain landscape. The firm foresees significant advancements in remittances, social applications, and various sectors integrating crypto as a foundational element.
Babel Finance explores new restructuring opportunities with DeFi project
Babel Finance is considering a new restructuring opportunity that involves the creation of a new decentralized finance (DeFi) project called Hope. This project aims to generate revenue to repay debts owed to creditors, and will mint a new stablecoin using Bitcoin and Ether as collateral.
Starknet's Massive STRK Token Airdrop: Navigating the Hype and the Hunt for Rewards
Starknet Foundation's strategic airdrop of 1.8 billion STRK tokens aims to fuel network growth and user engagement, amidst concerns of airdrop farming by savvy participants. Eligibility spans Ethereum developers, users, and a focus on rewarding community contributions.
DeFi Hackers Mint $11.6M in Stablecoins
Blockchain security firm PeckShield identified a hack that allowed an attacker to mint over 1 quadrillion Yearn Tether and then swap it for other stablecoins worth $11.6M. The attacker also managed to transfer 1,000 ETH to the cryptocurrency mixer Tornado Cash. DeFi protocols Yearn.finance and Aave have confirmed that their current contracts and protocols were not affected by the exploit.
Aptos Unveils Winners of the Singapore World Tour Hackathon
Aptos Network announced the winners of its #AptosWorldTour Hack Singapore on October 27, 2023, showcasing 14 innovative projects across five tracks, including NFTs, DeFi, Infrastructure, and Web3 x AI, with winners like @IntoTheVerse_, @aptospayment, dAptoRator, @EconiaLabs, and @aptscan_ai.
Webaverse Co-Founder Reveals $4 Million Crypto Hack
Webaverse co-founder Ahad Shams sent a public statement about being hacked for $4 million in a hotel lobby.
UK Cryptocurrency Exchanges Adapt to Enhanced Regulatory Standards
The UK is intensifying regulatory standards for crypto exchanges under the Financial Services and Markets Act, aiming for parity with traditional financial services. Exchanges must comply with stringent risk assessments and finance tests, impacting both domestic and offshore entities.
550 BNB lost in contract exploit by decentralized exchange
The CoW Swap team informed users that dealers do not need to cancel permissions due to the vulnerability.
OKX Announces Spot Trading for Ether.fi's ETHFI Token Amidst Growing DeFi Interest
Global crypto exchange OKX lists Ether.fi's governance token ETHFI for spot trading, highlighting the platform's expansion and the DeFi sector's growth.
Algorand (ALGO) Ventures Invests in Gora Network
Algorand Ventures' investment in Gora Network marks a significant step in advancing blockchain oracle technology. Gora Network, emerging from an Algorand hackathon, aims to enhance blockchain applications with secure, real-world data, expanding its business, infrastructure, product suite, and developer ecosystem.
1INCH Sets New All-Time High as Token Launches on Coinbase Pro
With the decentralized finance boom, many projects have emerged in the DeFi market. 1INCH stands out among them.
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.
1inch Launches Wallet on Apple iOS App Store
1inch, a decentralized exchange aggregator operating on both Ethereum and Binance Smart Chain, launched its wallets on Apple iOS this Tuesday.
Jul 13 Trading Analysis: Dont confuse the lack of volatility with stability
BTC has been relatively unaspiring this weekend as ALTs continue to steal the limelight with LINK, Tezos, and Defi names making good gains. For example, ChainLink has hit an all-time high over the weekend with the market pundits citing near record network usage and mainstream adoption (over 45 partners since April). Strategy: Continue to load up BTC options 8-8.5k puts,,,,,
Market Watch: Stock vs Crypto Performance, Tesla, Apple, Bitcoin and Ethereum Compared
What it the correlation between crypto and the stock market? We analyze Nasdaq, Dow, Apple, Tesla, Microsoft, Bitcoin, Ethereum. Unlimited QE is the most important factor.
Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates
Polygon's rate of return is very impressive, rising by more than 2600%, from $0.0178 to $0.468 since the beginning of 2021.
PancakeSwap Rebounds Higher as KeyFi DeFi Token Launches on its Platform
KeyFi DeFi Platform is launching its KeyFi token on PancakeSwap. CAKE has had an amazing performance in the past week, rising by 55.60%.
1INCH Hits a New All-Time High
1inch, a decentralized exchange (DEX) aggregator, today announced that 1inch Network aggregated liquidity of MDEX on Binance Smart Chain (BSC).
Jul 6: Make it or Break it?
BTC managed to close above $9k and getting bid early as Asia opens up with stocks in the region moving higher. We did see $9K getting breached twice over the weekend but bears haven't had enough strength to push for a sustained move lower.
Bitcoin Evaporated 30 Billion Market Cap Amid Coronavirus Pandemic and Bearish Economic Outlook
There's a sea of Red for stocks and cryptocurrencies this week. Bitcoin has dipped below USD $6000 for the first time since May 2019. The selloff of cryptocurrencies has extended to altcoins which the price of Ethereum and Bitcoin SV have dropped 30% and 40% respectively.
Risk or Opportunity: Uniswap's UNI Rose by 133% and SushiSwap by 143% in the Past 12 Days
Uniswap's UNI token has surged by 133% in the past week, with SushiSwap rallying and recording its own increase of 143%.
Sep 03 Trading Analysis: Miners still the biggest swinging d*cks around
No real headlines except Korea regulators coming after Bithumb (which isn't a "new" news imo). Instead, I actually think was driven by miners selling.
MetaWeek to Take Place in Dubai on March 7-10, 2022, Shaping the Future Trends for Metaverses and Blockchain
Investors, NFT artists, blockchain brightest minds, DeFi experts and DAO representatives will converge to UAE for a week-long event with a full-scale trailblazing digital and physical networking experience. Community leaders will discuss what will define development of blockchain space and the upcoming realm of Metaverses.
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?
PwC Global Crypto Leader Henri Arslanian on the Future of the Crypto Ecosystem
Henri Arslanian, the PwC Global Crypto Leader, Chairman of the FinTech Association of Hong Kong, is the highest-profile FinTech consultant in Hong Kong according to Chambers Global. Blockchain.News interviewed Arslanian at the Asian Financial Forum held in Hong Kong earlier this month, where he was invited to speak on the development of FinTech. The Asian Financial Forum brought over 3,500 speakers and influential financial experts, policymakers, and business leaders.
DappRadar—Redefining Accuracy and Transparency in the State of Dapps
Skirmantas Januskas is the CEO and founder of DappRadar a website that lists the best Ethereum Dapps and ranks them by DAU (Daily Active Users) showing the authentic acceptance and usability of Dapps. DappRadar recently added full token tracking for EOS Dapps which has reportedly uncovered that the EOS Dapp ecosystem may be undervalued by 1 billion dollars.
HolyShxxt!'s NFT and Future GameFi plans Shows HK's Potential
Hong Kong-based non-fungible token (NFT) and blockchain developer HolyShxxt!'s release of NFTs and their plan to launch a strategic football management simulation GameFi shows the potential growth of the fusion of gaming and blockchain-powered financialization in the city and globally.
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.
DappRadar—What is the Dapp of 2019?
In the second part of our exclusive interview with Skirmantis Januskas, CEO and Founder, DappRadar - we discuss Ethereum’s transition to proof-of-stake, the growing Dapp ecosystem and the DeFi revolution instigated by MakerDao.
Binance CEO Boosting the Super Exchange Ecosystem, With the Possibility of Adding Options
Changpeng Zhao (CZ), CEO of Binance, one of the largest crypto exchanges in the world, has been speaking at multiple blockchain themed events in Singapore in mid-November. During these events, CZ has made new announcements regarding the company’s new partnerships and new products that will be rolling out.
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.
Understanding Digital Asset-Backed Securities: Why is Blockchain Important?
In the second part of our interview with Florian Matthaeus Spiegl of FinFabrik, he explained how FinFabrik helps tackle challenges for many traditional financial services companies, and how the industry can work together to build more inclusive, accessible and efficient systems.
Zero-gas DeFi Ecosystem XODEX Launches its Testnet
The zero-fee DeFi Ecosystem XODEX has announced the launch of its XODEX testnet, which will allow developers to integrate and transition their code deployed on the XODEX mainnet to the final implementation.
Cosmos Hub Postpones Vote Date On New Security Model Proposal
After two respective postponements, the Cosmos' vote date to approve proposed changes to the network’s Hub has now been fixed to October 31.
Binance Smart Chain Surpasses Ethereum for Unique Active Wallets and Transaction Volume
The Binance Smart Chain, a platform for building smart contracts, has surpassed the Ethereum network