Category: DeFi
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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%…
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…
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…
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…
PancakeSwap’s CAKE Token Surges 20% Following Strategic Supply Cut
PancakeSwap’s native token, CAKE, has experienced a notable 20% surge in value after the decentralized exchange’s team proposed a reduction in the token’s maximum supply. The move, aimed at transitioning…
IOSCO Issues DeFi Policy Recommendations: Navigating Regulatory Responsibilities in the DAO Landscape
In a move to address the evolving landscape of decentralized finance (DeFi), the International Organization of Securities Commissions (IOSCO), the global standards setter for securities markets regulation, has released comprehensive…
Noob’s Guide to Liquidity Mining and Yield Farming
Any method that locks in cryptocurrency assets to generate passive revenue is known as yield farming and is measured in terms of APY (annual percentage yield) or sometimes known as…
Ethereum Layer-2 Network Breaks Through $800 Million TVL Mark
DefiLlama statistics show that in the short time since its launch, the Ethereum Layer-2 network Blast has hit a new Total Value Locked (TVL) milestone. Blast is a layer 2 solution…
Proof of Stake and how Staking can become a passive source of income for hodlers
The consensus method known as Proof-of-Stake (PoS) replaced Proof-of-Work (PoW) which is a more energy-intensive process. PoW is the method by which new coins are mined in Bitcoin. While PoW…
Current Bottlenecks in Mainstream Adoption of Decentralised Exchanges (DEXs)
Given the hazy regulatory landscape, DEXs ought to have gained greater traction than CEXs because they allow the end user more control. Customers’ preference to use CEXs has not changed…