DeFi Protocol Thetanuts Finance Raises $17M for Expansion, New Partnerships
[Apr 24, 2023 7:00 AM] The startup offers multi-chain structured financial products with plans for a buy-side altcoin options market.
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Value Locked in Defi Descends Below $50B Range 9 Days After 2023 High
[Apr 23, 2023 10:00 AM] The total value locked in decentralized finance (defi) has descended below the $50 billion range after reaching a 2023 high of $53.63 billion on April 14. This shift has been felt across the board with the top 18 defi protocols recording losses…
DeFi driving zkSync growth as 1inch deploys on Ethereum layer-2 scaling platform
[Apr 20, 2023 8:00 AM] 1inch Network is the latest decentralized Finance protocol to deploy on Ethereum layer-2 scaling platform zkSync Era.
DeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M Valuation
[Apr 20, 2023 7:00 AM] The round was led by Polychain Capital and included participation from venture capital firms Hack VC, dao5, Tribe Capital, Shima Capital and Robot Ventures.
Credit Agency Giant TransUnion Will Deliver Credit Scores for Crypto Lending
[Apr 20, 2023 6:00 AM] TransUnion, one of the largest credit agencies in the U.S., will provide off-chain credit scores for blockchain-based loan applications in a way that maintains the privacy of consumers.
Crypto Industry Report: BTC Beats Nasdaq Index and Gold in Q1, Liquid Staking Governance Tokens up by 210%
[Apr 19, 2023 9:30 PM] According to the latest Coingecko crypto industry report, during the first quarter of 2023, bitcoin became the best-performing asset after it saw its U.S. dollar value go up from just under $17,000 observed on Dec. 31, 2022, to just over $28,000 by…
PancakeSwap Voting To Make CAKE Deflationary, But Prices Are Free-falling
[Apr 19, 2023 3:00 PM] A proposal to make PancakeSwap (CAKE) scarce isn’t preventing the token from collapsing, reading from the candlestick recorded on April 19. CAKE Slides 25% From February Highs CAKE is the utility token of PancakeSwap, a decentralized exchange…
Crypto Lender Maple Finance Opens U.S. Treasury Bill Pool for Cash Management
[Apr 19, 2023 2:05 PM] Maple’s new lending pool offers accredited investors, crypto firms and DAO treasuries a way to earn yield on their idle stablecoin holdings by investing in one-month U.S. Treasury bills.
From Margin To Perpetuals: How Decentralized Exchanges Are Redefining DeFi Trading
[Apr 19, 2023 1:00 PM] The decentralized finance (DeFi) space has been gaining tremendous traction over the last months, especially in the area of perpetual trading. The on-chain perpetual exchange sector has seen significant growth recently, with a total trading volume…
Crypto Protocol Fetch.ai Offering AI Trading Tools for Decentralized Exchanges
[Apr 19, 2023 6:00 AM] Fetch.ai's aim is to facilitate peer-to-peer trading between DeFi users using AI-powered software "agents."
Are You Missing Out? 6 Highlights From CoinGecko’s Q1 Crypto Report
[Apr 18, 2023 3:00 PM] The first quarter of 2023 has been significant for the crypto industry, with the market making a strong comeback after a turbulent end of 2022. According to Coingecko’s first-quarter report, the crypto market has outperformed traditional…
Lido Considers Using Its ARB Airdrop to Boost Activity on Arbitrum
[Apr 18, 2023 2:51 PM] A new proposal would see Lido accept its $1.2 million in ARB tokens and reward them to liquidity providers in wrapped staked ether pools.
Rocket Pool Made It Cheaper to Stake ETH Through Its Platform Following Ethereum Shanghai Upgrade
[Apr 18, 2023 1:04 PM] On Monday, the decentralized Ethereum-based staking protocol deployed Atlas granted users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.
LI.FI and InsurAce Pitch Protection for Moving Crypto Between Blockchains
[Apr 18, 2023 10:29 AM] LI.FI partnered with risk cover protocol InsurAce to provide protection for users who are bridging their cryptoassets from one blockchain to another.
Safemoon Hacker Strikes Deal With Developers to Return $7.1M
[Apr 18, 2023 9:48 AM] A hacker that exploited decentralized finance (DeFi) protocol Safemoon has agreed to return 80% of the stolen funds valued at $7.1 million, according to on-chain data.
Bitcoin and liquid staking protocols lead crypto resurgence in Q1 2023
[Apr 18, 2023 7:15 AM] The first quarter of 2023 saw Bitcoin outperform traditional assets after a 72% quarterly gain in market capitalization.
SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules
[Apr 17, 2023 1:00 PM] The U.S. Securities and Exchange Commission's (SEC) warning shot last week that decentralized finance (DeFi) could be thrown into its expanding definition of what makes a securities exchange is the latest move to formalize what Chairman Gary…
Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction
[Apr 17, 2023 12:00 PM] Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins…
What DeFi Must Sacrifice to Appease Regulators
[Apr 17, 2023 7:12 AM] The “internet financial system” is a pro-compliance, but pro-privacy framework to build crypto protocols which satisfy regulators and consumers.
Bitcoin, Ether See Bull Breather as Higher Bond Yields Support Dollar
[Apr 17, 2023 6:35 AM] We would consider taking some profits as the crypto market is showing exuberant signs.
Kyber Network Advises Liquidity Providers to Withdraw Funds Amid Vulnerability, Token Drops 2%
[Apr 17, 2023 6:23 AM] Decentralized finance (DeFi) protocol Kyber Network has advised liquidity providers on its Elastic product to withdraw funds after finding a potential vulnerability, it said in a tweet.
Attractive Yields Drive Millions Into DeFi Liquidity Manager Gamma
[Apr 17, 2023 3:52 AM] The total value locked (TVL) across DeFi protocol Gamma has jumped by 102% in the past month as investors attempt to secure annual returns in excess of 10% from staking.
Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork
[Apr 15, 2023 9:30 AM] Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase…
Olympus DAO Votes to Buy More ETH for Treasury Backing OHM Token
[Apr 14, 2023 1:18 PM] The rebalancing comes as ether rallies off a successful Shapella upgrade.
U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations
[Apr 14, 2023 8:00 AM] The U.S. Securities and Exchange Commission is considering reopening a rule proposal on how it oversees crypto platforms to more explicitly include decentralized finance (DeFi). Commissioners will vote on the language during an open meeting on…
Developers Block Potential ‘Eight Figure’ Exploit Involving Cosmos-Based Ethermint
[Apr 14, 2023 12:36 AM] Ethermint enables the use of Ethereum smart contracts within the Cosmo ecosystem and is employed by several chains, including Cronos, Kava, and Canto.
DeFi Protocol Balancer Experiences Budget Cuts, Headcount Slashes Ahead of Strategy Pivot
[Apr 13, 2023 7:57 PM] The protocol’s service providers have let go of two front-end engineers as they focus on overhauling the platform’s brand.
Ondo Finance Plans Yield-Generating Stablecoin Alternative for Institutional Investors
[Apr 13, 2023 12:30 PM] The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to…
Solana Dog Token Darling Bonk Inu Releases BonkSwap DEX
[Apr 13, 2023 3:14 AM] Bonk Inu was one of the hottest Solana tokens earlier this year, leading a frenzied market at the time.
Wisdom Tree, T. Rowe Price Among TradFi Firms to Test Avalanche's Blockchain Subnet
[Apr 12, 2023 10:46 AM] The Subnet will offer the companies opportunity to make trade execution and settlements more efficient.