Category: DeFi

11
Apr
2024
Posted in Altcoin DeFi Ethereum

“The war on DeFi has begun,” says the cryptocurrency sector in response to the SEC serving Uniswap with a Wells Notice

The U.S. Securities and Exchange Commission served Uniswap UNI -17.095% Labs with a Wells Notice, signaling an impending litigation, as disclosed today. It should come as no surprise that the…

21
Mar
2024
Posted in Blockchain DeFi

Meld Expands Offerings: Tokenized RWAs for Retail Investors

Crypto-friendly bank Meld is gearing up to introduce a novel opportunity for retail investors: lending and borrowing against tokenized real-world assets (RWAs). In collaboration with the layer-1 blockchain of the…

11
Mar
2024
Posted in Altcoin DeFi

MakerDAO Adopts Temporary Fee Adjustments to Safeguard Dai Stability Amid Market Volatility

MakerDAO has swiftly implemented temporary fee modifications in response to a recent period of heightened market volatility and bullish sentiment, causing a notable decrease in the reserves of its dollar-pegged…

08
Mar
2024
Posted in DeFi Ethereum

Injective Launches inEVM Layer 2 Rollup

Injective announces launch of inEVM is live on mainnet. inEVM allows Ethereum developers to launch their apps on Injective without having to change the code. Injective Protocol’s successful launch of…

06
Mar
2024
Posted in Altcoin DeFi

Frax aims to take a reward snapshot  and opens bridge access to the Layer 2 network Fraxtal

The DeFi project Frax Finance made it easier for individual customers to transfer money by opening a bridge to Fraxtal, its new Ethereum Layer 2 network. The network’s first restricted…

06
Mar
2024
Posted in Altcoin DeFi Ethereum

EigenLayer TVL crosses $11 billion, overtakes AAVE

EigenLayer, a restaking protocol, is now the second-largest protocol by total value locked (TVL), surpassing even the well-known decentralized finance protocol Aave. EigenLayer had decided to remove the network’s deposit…

05
Mar
2024
Posted in Altcoin DeFi Policy and Regulation

Multichain to Wind up as Fantom Seeks Recovery of Missing or Frozen Assets

Fantom Foundation, a blockchain platform for decentralised finance has revealed on its blog that it intends to ask the court to dissolve Multichain Foundation in order to retrieve funds that…

04
Mar
2024
Posted in Altcoin DeFi Ethereum

Blast Network Faces 65% TVL Plunge, Losing $2 Billion Post-Mainnet Launch Amid Phishing Menace

In a swift turn of events, the Ethereum-based layer two blockchain, Blast, witnessed a staggering 65% decline in Total Value Locked (TVL) within just 24 hours of its mainnet launch…

28
Feb
2024
Posted in DeFi Ethereum

Ethereum Layer 2 Blast Surpasses $2 Billion TVL Milestone Ahead of Mainnet Launch

In a significant milestone, Ethereum Layer 2 solution Blast has achieved a Total Value Locked (TVL) exceeding $2 billion as it gears up for its much-anticipated mainnet launch on February…

26
Feb
2024
Posted in Altcoin DeFi

New DeFi loan contracts are revealed by Curve Finance

Curve releases new loan agreements Curve Finance’s introduction of lending contracts gives arbitrage traders new opportunities and the chance to perhaps make significant returns. Curve’s introduction into the competitive defi…

22
Feb
2024
Posted in Altcoin Blockchain DeFi Liquid Staking LST

Surge in Liquid Restaking Tokens Hits $3.5 Billion as Ethereum Ecosystem Embraces EigenLayer

In a notable development, the total value locked (TVL) in liquid restaking tokens has breached the $3.5 billion mark, signaling a heightened interest within the Ethereum community. The surge is…

20
Feb
2024
Posted in Altcoin DeFi

AltLayer Raises $14.4 Million for Expansion in Strategic Funding Round

AltLayer, a prominent decentralized protocol specializing in rollups, has successfully secured $14.4 million in a strategic funding round co-led by Polychain Capital and Hack VC. The funding, obtained in September…

30
Jan
2024
Posted in Altcoin DeFi

Solana’s Jupiter DEX Surpasses Uniswap in Trading Volume: A Paradigm Shift in DeFi Dynamics

In a groundbreaking turn of events in the decentralized finance (DeFi) landscape, Solana’s Jupiter-based decentralized exchange (DEX) has emerged as a formidable competitor, outperforming Ethereum’s leading DEX, Uniswap, in a…

19
Jan
2024
Posted in Altcoin DeFi Ethereum

Kiln Secures $17 Million for Global Expansion, Sets Sights on Asia-Pacific Growth

Ethereum staking platform Kiln has successfully concluded a $17 million funding round, signaling a pivotal moment in the company’s trajectory. Led by 1kx and featuring significant contributions from IOSG, Crypto.com,…

05
Jan
2024
Posted in DeFi

Navigating DeFi Challenges: Gamma Strategies and KyberSwap Address Exploits

In a recent development, PeckShield, a blockchain investigator, has flagged a potential financial loss of nearly $500,000 due to an exploit in the decentralized finance (DeFi) protocol Gamma Strategies. This…

03
Jan
2024
Posted in Altcoin DeFi

Revving Up: Stake Secures Naming Rights for Sauber’s F1 Car in Multi-Year Endeavor

In a significant leap into the fast-paced world of Formula 1, cryptocurrency betting and casino platform Stake has clinched the naming rights for Sauber’s Formula 1 car for the upcoming…

02
Jan
2024
Posted in Altcoin DeFi

Orbit Chain Cyberattack: Hackers Convert Stolen Funds to Ethereum, Garner $1.45 Million in Profits

In a sophisticated cyberattack, perpetrators behind the recent Orbit Chain exploit managed to convert their loot into Ethereum (ETH), reaping an additional $1.45 million in unrealized profits amid a 4.7%…

02
Jan
2024
Posted in Altcoin DeFi

Celsius Network’s Bold Move: Court Approval Secured for Bitcoin Mining

In a significant development, the US Bankruptcy Court for the Southern District of New York has granted approval for Celsius Network’s restructuring plans, marking a pivotal moment in the Chapter…

29
Dec
2023
Posted in Altcoin Bitcoin Blockchain BSC DeFi Ethereum Markets

Crypto Bytes: Top 10 Breaking News from Cryptoverse

Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an…

26
Dec
2023
Posted in Altcoin DeFi

OKX CEO Weighs Listing Decisions Amid BRC-20 Surge

The CEO of cryptocurrency exchange OKX, Jay Hao, has shared insights on the pressure he’s facing to list more Bitcoin (BTC) ordinals, as the total market cap of BRC-20 tokens…