Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
Rari Capital and founders settle SEC charges, agreeing to reimburse profits and face fines. The founders also face a five-year ban on similar activities. Rari Capital, once peaking at $1B TVL, shut down due to security breaches.
TON Foundation collaborates with Curve Finance to enhance stablecoin trading using CFMM technology. Toncoin price rises 2.31%, with trading volume up 8.84%, signaling increased market interest. Potential rally could see $TON break the $8 mark.
Hinkal V.2 launches with anonymous staking and hETH derivative, partnering with Symbiotic to enhance options. No lock-up period ensures full control over assets, revolutionizing DeFi by prioritizing user privacy and profitability.
Santiment highlights $AAVE, $MANA, and $GRT as potential gainers during the crypto market recovery, driven by high short ratios on Binance and recent developments like Aave’s integration of Coinbase’s cbBTC. Mass liquidations could boost prices.
$ADA founder Charles Hoskinson refutes claims of locked staking, emphasizing Cardano’s liquid staking model. Cardano hits new milestones with the first phase of the Chang Hard Fork and increased network activity. @Cardano_Community
Nansen acquires Stakewithus to offer staking for 20+ crypto assets, including $SOL, $SUI, and $ATOM. New NSN points system launching in 2025. Integration enhances Nansen’s blockchain analytics and portfolio tracking services for comprehensive user experience.
Bitcoin mining revenue hit a historic low of $43,600 per EH/s in August 2024, as per JPMorgan. Mining difficulty surged by 9%, and market cap of public miners fell by 15% to $20B. Miners are diversifying into AI tasks.
AAVE token surged 8% to $135 amid significant whale activity, with 67,197 AAVE withdrawn from Binance. Technical analysis targets $168, while collaborations with MakerDAO and endorsements from @WorldLibertyFin bolster its market position.
Donald Trump’s new crypto project, World Liberty Financial, will be built on $AAVE and $ETH, featuring a governance token WLFI with transfer restrictions. Similarities with compromised Dough Finance raise security concerns.
Binance’s new spot trading pairs for $AAVE, $STMX, and $SUN have sparked investor optimism. $AAVE surged 9% to $131.5, $STMX rose 6% to $0.006542, while $SUN dipped 3% to $0.03259 despite a volume increase.
TeraWulf ($WULF) unveils a 2 MW Bitcoin mining facility using advanced liquid cooling technology and plans to expand to a 20 MW facility by 2024. They are exploring partnerships with @Apple and @Microsoft, eyeing $14 billion in AI sector opportunities.
Binance and Bybit hinted at new Solana liquid staking products, “BNSOL” and “bbSol,” possibly in partnership with Sanctum. This move could significantly boost DeFi activities on Solana, where only 7% of staked $SOL is in liquid staking platforms.
$ETH co-founder Vitalik Buterin faces backlash for doubting DeFi’s role in driving crypto adoption. DeFi influencers argue it’s crucial to Ethereum’s $330B valuation. Buterin emphasizes sustainable decentralized apps and broader decentralization beyond finance.
MakerDAO introduces NewStable and NewGovToken to upgrade $DAI and $MKR. NewStable and DAI coexist with a 1:1 conversion rate, targeting different use cases. NewGovToken enhances community participation with a 1 MKR to 24,000 NGT exchange rate.
