Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
$MKR and $DAI tokens upgraded by MakerDAO. NewStable and NewGovToken launched for better utility and community engagement. NewStable focuses on mass adoption while DAI remains for crypto use. NewGovToken has a 1 MKR to 24,000 NGT exchange rate.
Kamala Harris faces backlash over support for Biden’s 44.6% capital gains tax and 25% tax on unrealized gains, with crypto leaders questioning her pro-crypto stance. Critics argue the policies harm U.S. businesses and innovation. #Economy #Crypto
AAVE surges 9% after V3 launch on ZKsync Era Mainnet, boosting DeFi scalability, privacy, and security. Chainlink’s integration ensures reliable price feeds. Weekly gains surpass 29%, with trading volumes up 17%. #DeFi $AAVE $LINK @AaveAave @chainlink
Starknet to hold its first Mainnet vote for $STRK staking from Sept 9-13, 2024. A preliminary test vote will take place Sept 2-4. This initiative aims to enhance network decentralization and functionality. $STRK remains stable at $0.35.
Mantle rebrands its liquid staking protocol to mETH Protocol. With 500,000+ ETH staked since Nov 2023, $mETH is now the fourth-largest ETH liquid staking token. New assets $cmETH and $COOK introduced, positioning Mantle for growth in DeFi. #Ethereum
? Malicious Chrome Extension “Bull Checker” Drains $SOL DeFi Tokens! Jupiter Exchange reveals “Bull Checker” steals tokens from Solana users by appearing legitimate but transferring assets to a malicious wallet. Users urged to review browser extension permissions for security. #crypto #Solana #DeFi
Drift launches BET on the Solana blockchain, allowing users to stake over 30 cryptocurrencies like $USDC and $SOL while earning yield. BET features “structured bets” for hedging predictions and a rewards system called FUEL. #crypto #Solana
Nigeria to implement balanced crypto tax law in September 2024. The regulation aims to tax crypto companies and protect Nigeria’s financial system, while controversy with $BNB over alleged financial misconduct intensifies. #Crypto #Nigeria #Finance
$USDT launches on @Aptos_Network, enabling cost-effective transactions and boosting DeFi activity. Aptos recently hit 326M daily transactions, showcasing its scalability and potential to revolutionize blockchain finance.
IMF proposes 85% electricity tax on AI and crypto mining to curb emissions. These sectors use 2% of global electricity, potentially rising to 3.5%. Tax could generate $23.2B annually. ChatGPT uses 10x more power than Google Search. #Sustainability @IMF
Grayscale launches MakerDAO Trust, boosting $MKR price by 5%. The new fund offers exposure to MakerDAO’s governance token, highlighting growing investor interest in DeFi. @Grayscale’s move signifies a shift towards decentralized finance. #CryptoNews #DeFi
Illegal cryptocurrency mining farm discovered at Chernihiv municipal enterprise, generating $1300/month using public power. Enterprise head faces up to six years in prison, fines, and job ban. #CryptocurrencyNews
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De.Fi World 2024 in Bangkok on Nov 11 will gather 1000+ participants from 30+ countries, featuring top DeFi players and 200+ Web3 projects. VIP after-party access for DEFI token stakers. #DeFi
Zoth raises $4M to launch Tokenized Liquid Note, featuring U.S. Treasury Bills and corporate bonds. With over $100M originated and $200M in the pipeline, Zoth aims to digitize traditional assets on blockchain. Backed by Taisu Ventures and $G20. #Update
