Category: DeFi
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…
The $4 million seed extension round for stablecoin yield products company OpenTrade is led by AlbionVC
In a seed extension round, stablecoin yield products company OpenTrade has raised $4 million. The fundraising was led by AlbionVC, with a16z Crypto and CMCC Global also contributing. OpenTrade, which…
As the price of bitcoin drops below $96,000, cryptocurrency liquidations have surpassed $500 million in the last day
As bitcoin retreats from $100,000, cryptocurrency liquidations have surpassed half a billion dollars in the last day. The cryptocurrency liquidations tracker Coinglass reports that as of 2:30 p.m. ET (19:30…
Truemarkets, a market-based media platform, raises $4 million through a public NFT sale and draws in bidder Vitalik Buterin
With Ethereum co-founder Vitalik Buterin as a buyer, the markets-based news and entertainment company Truemarkets made nearly $4 million from a public NFT sale. Following Polymarket’s success, Truemarkets’ sold-out NFT…
A new White House position centered on crypto policy is being considered by Trump’s team: Bloomberg
According to Bloomberg, the team of President-elect Donald Trump is thinking of establishing a position in the White House dedicated to crypto policy for the first time. According to people…
Paxos, a stablecoin issuer, wants to acquire Membrane Finance in order to reach EU markets
The Finnish regulated electronic money company Membrane Finance has agreed to be acquired by stablecoin issuer Paxos. The business would become a fully licensed EMI in the EU if the…
In the most recent development for the cryptocurrency platform developed by ICE, Donald Trump’s social media organization is in negotiations to acquire Bakkt
Donald Trump’s social media company Truth Social is reportedly in “advanced talks” to acquire crypto platform Bakkt. If closed, the all-stock deal would see the president-elect’s Trump Media and Technology…
After a successful hacker negotiation, DeFi Di Thala retrieves $25 million
On Friday, a hacker exploited the decentralized system Thala, which is based on Aptos, to take over $25.5 million worth of tokens out of its liquidity pools. Fortunately, Thala was…
Roll-up ZK Scroll integrates Chainlink’s CCIP to enable cross-chain token transfers and interoperability
Zero-knowledge rollup Scroll now uses the Chainlink Cross-Chain Interoperability Protocol (CCIP). According to a press release issued with The Block on Thursday, native access to CCIP would allow developers to…
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…
Prior to the launch of the token, Base DeFi protocol BSX raises $6.2 million
Pre-seed and seed investment rounds for BSX Exchange, a DeFi derivatives technology developed on the Ethereum Layer 2 network Base, have brought in $6.2 million. The latest $4 million seed…
Algorithmic stablecoins: what are they? Important Elements and Their Danger
Important lessons learned A cryptocurrency known as a stablecoin is one that is based on the value of a real asset, such as gold or fiat money. Because such tokens…
In Their Most Recent Investment Round, HTX Ventures Is Focused on Infrastructure, DeFi, and AI
The main investment trajectories for the first half of 2024 have been announced by HTX Ventures, the investment division of the international cryptocurrency exchange HTX. The business claims that the…
Kiln introduces the DeFi stablecoin incentive service, initially for web3 wallet customers on Crypto.com
Kiln, an institutional cryptocurrency staking platform, has introduced “Kiln DeFi,” which aims to make stablecoin rewards easier to obtain and provide customers the opportunity to earn more money from their…
Switchboard’s New Oracle Aggregator Revolutionizes DeFi
Switchboard, a well-known oracle network with a reputation for having fully customisable and permissionless capabilities, has released an innovative Oracle Aggregator. Across several oracle networks, including well-known ones like Chainlink…
The EigenLayer exodus is the reason for a further decline in the restaking sector
EigenLayer saw the most net withdrawals in a single day in its history on July 11. At that time, the net outflows were over $135 million, or over 43,550 ETH….
With its $2.75 million seed round, Liquidium hopes to provide Bitcoin an Aave-like experience
The lending platform Liquidium has become a prominent DeFi hub in the Bitcoin ecosystem by raising $2.75 million in a seed round. Among the investors in the round are Wise…
Coins.ph introduces PHPC Stablecoin on the Ronin Blockchain
The Philippine-based cryptocurrency exchange Coins.ph has launched PHPC, a stablecoin worth Philippine Pesos (PHP), on the well-liked gaming blockchain Ronin, which has a sizable daily active user base. This endeavor…