Category: DeFi
In his first public remarks since going to jail, Ilya Lichtenstein claims that he worked alone on the 2016 Bitfinex hack
Ilya Lichtenstein, a self-confessed Bitfinex hacker, wants the public to know that neither his father, Eugene Lichtenstein, nor his wife, Heather Morgan, were personally involved in the 2016 heist of…
Increasingly popular stablecoin issuer Typically, M0 infrastructure is used to launch tokens
Stablecoin infrastructure provider M^0 has signed its second integration agreement, this time with Usual, a rapidly expanding stablecoin issuer backed by currency. Usual’s reserves, which were originally entirely supported by…
The Solv Protocol will be listed on Hyperliquid as the first major protocol
The On-Chain Bitcoin Reserve, or Solv Protocol With more than 25,000 BTC in reserves, Solv Protocol bills itself as the “On-Chain MicroStrategy,” giving institutional and ordinary investors access to a…
The Ethereum Layer 2 HashKey Chain is launched on the mainnet by Hong Kong’s HashKey Group
Only eight months after first announcing plans to develop its own Ethereum Layer 2, HashKey Group has already launched HashKey Chain on the mainnet. The regulated digital asset financial services…
The ‘Core’ mainnet is launched by Omni Network to integrate Ethereum’s disjointed rollup ecosystem
Scaling solution for Ethereum According to a statement, Omni Network launched its Omni Core mainnet on Tuesday. The Omni Orderflow Engine, which aims to integrate the disjointed Ethereum Layer 2…
The much awaited USDtb stablecoin from Ethena, supported by BlackRock’s BUIDL token, launches
On Monday, the synthetic dollar blockchain project Ethena announced the creation of a new stablecoin. The token, known as USDtb, will be supported by BlackRock’s BUIDL fund, which is managed…
The Polygon community considers the idea of using its bridge to generate yield by deploying more than $1 billion in stablecoin
A plan to produce a return from more than $1 billion held on the PoS Chain bridge, the canonical bridge that connects the network to Ethereum, is being discussed by…
Protocol for Web3 Notifications Encouragement to start its own Layer 1 chain
Push Protocol, a blockchain-based notifications project, is creating Push Chain, a Layer 1 blockchain with an emphasis on chain abstraction and creating web3 applications that run on various networks. Push…
Synthetix buys the leveraged token platform TLX
DeFi protocol Synthetix has acquired the leveraged token platform TLX in a token-for-token transaction. As part of the protocol’s new approach, the acquisition team concentrated on creating a decentralized liquidity…
Noble, based in Cosmos, is the first to introduce a unique stablecoin through a cryptodollar infrastructure firm. M^0
On Thursday, stablecoin startup M^0 announced that it is the first to use its decentralized stablecoin infrastructure to introduce a new dollar-denominated token, USDN, on the Cosmos-based Noble blockchain. For…
At a token valuation of $100 million, DeFi.app raises $2 million in its seed round
With a $100 million valuation, DeFi.app, which bills itself as “the Robinhood of decentralized finance (DeFi),” has secured $2 million in a seed investment round. According to DeFi.app on Wednesday,…
ECB Issues Second Digital Euro Project Progress Report
The European Central Bank (ECB) described its attempts to establish a single digital payment system for the euro area in its second status report on the digital euro project, which…
In terms of market capitalization, Hyperliquid’s HYPE overtakes Aave and accounts for almost half of the volume of decentralized perpetual swaps
Since Friday’s token generation event (TGE), which saw the decentralized perpetual swaps trading platform airdrop 310 million fully-unlocked tokens to users who accrued points by trading on the site for…
Procedure for lending Echelon releases the Move appchain, which is debt-driven
The Echelon team said on Nov. 28 that the appchain, which is based on Initia’s Interwoven Stack, makes use of Celestia’s modular blockchain technology. The launch of Echelon Chain comes…
The ‘genesis event’ for Hyperliquid’s HYPE token is scheduled for November 29
On November 29 at 7:30 UTC, Hyperliquid, a Layer 1 chain and decentralized perpetual trading platform, plans to introduce its native cryptocurrency, HYPE, at a genesis event. A significant turning…
Celsius’s second bankruptcy settlement will give $127 million to creditors
In a second settlement from its bankruptcy proceedings, Celsius, the now-defunct cryptocurrency lender, is allocating $127 million to qualified creditors, per a court statement filed on Wednesday. A cumulative distribution…
An ex-Revolut team raises $2.3 million to create Bleap, a “blockchain bank account”
In order to create Bleap, a “bank account on the blockchain,” former Revolut workers Joao Alves and Guilherme Gomes have acquired $2.3 million in pre-seed funding, which is being led…
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…
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…