Author: Lalit Mohan
Avant, a DeFi technology similar to Ethena, raises $6.5 million in startup money
Like Ethena Labs, Avant is a developer of crypto yield protocols, and has announced that it has raised $6.5 million in a seed fundraising round. Superlayer, Avalaunch, GoGoPool, Daybreak Digital,…
By the end of the year after acquisition, the DeFi derivatives protocol Cega will sunset the platform
The well-known on-chain protocol for structured investment products and exotic options, Cega, has said that it is being purchased by a “leading platform” and would cease operations by the end…
To counteract centralization in Ethereum’s block building, Flashbots introduces BuilderNet
Flashbots, a blockchain research and infrastructure company, has unveiled BuilderNet, which it says will solve the apparent centralization problems with the block-building process on the Ethereum network. With a few…
Trump team wants to weaken the function of the SEC and transfer crypto regulation to the CFTC: report
According to people familiar with the situation, Fox Business claims that President-elect Donald Trump and the incoming administration may allow the Commodity Futures Trading Commission to regulate specific digital assets….
After investing $30 million, Tron creator Justin Sun was appointed advisor to World Liberty Financial, which is supported by Trump
The Aave fork, World Liberty Financial, is supported by the friends and family of President-elect Donald Trump. The announcement was made a day after onchain data showed that HTX, the…
Kraken will shut down the NFT marketplace and concentrate on other initiatives
The massive cryptocurrency exchange Kraken is closing its NFT marketplace in order to free up funds for future initiatives. Users will only be able to withdraw assets from Kraken’s NFT…
In 2025, Swift plans to launch live bank trials for transactions involving digital assets
Starting next year, Swift said banks in North America, Europe and Asia would begin live trials of digital asset and currency transactions across its worldwide messaging network, which supports more…
AAVE V3 crosses $10 billion TVL as the DeFi comeback picks up steam
As of September 28, the newest version of the well-liked decentralized lending system, AAVE V3, had amassed more than $10 billion in total value locked (TVL) on Ethereum. Reaching this…
Mango Markets and Mango DAO have reached a settlement to resolve SEC allegations related to the unreported sale of MNGO tokens
Mango DAO, which had been accused of trading MNGO tokens illegally, consented to a settlement with the US Securities and Exchange Commission. Mango DAO and Blockworks Foundation, a Panamanian organization,…
$10.8 million in fresh financing is raised by the Solana DePIN Mawari Network
In a strategic fundraising round, Mawari Network, a decentralized physical infrastructure network (DePIN) focused on spatial computing, raised $10.8 million. The DePIN is located on Solana. According to Mawari Network…
After the announcement of the second airdrop, LayerZero activity increases by 433%
The protocol just announced a second airdrop, which revitalized the ecosystem. This rise follows suit. The current jump indicates a resurgence of interest in the protocol, since it is a…
Warpcast, a web3 social protocol client, debuts the new Farcaster “mini app” functionality
Farcaster Frames allow builders to turn every post on Farcaster into an interactive app. The decentralized social media protocol now has a native app development method thanks to the debut…
According to a rumor, Polymarket plans to introduce a token to generate over $50 million
According to the story, which cited sources, “investors in the round will receive token warrants, which grant them the right to purchase tokens if Polymarket launches them at a later…
Ethereum transaction costs rise concurrently with a decline in active accounts to year-to-date lows
For the first time since July 2020, the average Ethereum transaction fee dropped below $1 USD in the beginning of September. This was far before Ethereum’s proof-of-stake Merge, blob enhancements,…
$12 million in Ether is moved by the WazirX hacker to be laundered via Tornado Cash
It seems that the group responsible for the $230 million theft of the Indian cryptocurrency exchange WazirX in July moved another batch of 5,000 ether ($12 million) to an intermediate…
The SEC accuses DeFi platform Rari Capital of engaging in unregistered broker activity and deceiving investors
Co-founders of Rari Capital Jai Bhavnani, Jack Lipstone, and David Lucid misled investors by claiming that their managed Earn pools, which let investors lend tokens to earn yield, would “automatically…
$5 million funding round for Vana, a network for user-owned data, is led by Coinbase Ventures
Coinbase Ventures led the strategic round, according to a statement from the business. Additionally, Vana has secured money from the well-known cryptocurrency venture capital firm Paradigm, which resulted to a…
Ethereum investors saw a 60% drop in on-chain activity since March, along with a dip in 7DMA revenue
On Thursday, September 12, the daily staker revenue 7-day moving average (7DMA) for Ethereum dropped to $5.44 million. This indicator has not seen lower numbers since the middle of February,…
$3.2M Seed Round for RISE, the Gigagas Layer 2, has been announced
Other participants include Orange DAO, DACM, ether.fi Ventures, P2 Ventures*, MH Ventures, and Public Works. Along with a number of well-known web3 creators, angel investors include Vitalik Buterin, Stani Kulechov,…
Creator of Mango Markets works with CKS Systems on the Solana-based, limitless order book Manifest
An on-chain orderbook based on Solana, called Manifest, was introduced by blockchain native market maker CKS Systems. John Kramer, Britt Cyr, and Maximilian Schneider have been the main contributors to…