Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
Lido launches Lido Institutional, a liquid staking solution for asset managers, custodians, and exchanges. With over $31B in crypto deposits, $LDO aims to solidify its lead in DeFi amidst new competitors. #Update #DeFi #Crypto
Aave ($AAVE) surged 64.7% in a month but faces resistance at $115. Key levels: support at $80, critical Fibonacci at $143.09. Technicals suggest overbought conditions, potential pullback. RSI nearing 70. Close watch on $115 breach. #Update
Aave’s price surged 10% to $116.22, driven by whale activity and the launch of Aave V3.1. Over $6.47M in $AAVE moved off exchanges, boosting its market cap to $1.725T and total value locked to $12.63B. #Update
“DeFi TVL surpasses $100B, led by $LDO staking surge to $38.7B. Bitcoin ETFs draw $28B, boosting market optimism. #DeFi growth reflects strong retail and institutional interest. #Update”
BingX launches pre-market trading, offering early access to new crypto assets like $HMSTR and $CATI. Enhanced liquidity aims to attract 10M+ global users. #CryptoUpdate
Read more: https://coingape.com/bingx-announces-pre-market-trading-enhances-liquidity/
“Skywards proposes integrating Ethena’s synthetic dollar, sUSDe, into $AAVE V3 on Ethereum. Managed by Chaos Labs with CAPO Oracle price feeds, this move could revolutionize DeFi. #Update #DeFi”
Ethereum’s EigenLayer becomes the second-largest DeFi protocol with $12.4B TVL. Validators can earn extra rewards via Liquid Restaking Tokens (LRTs). New AVS EigenDA launches in Q2 2024. #Ethereum $ETH #Update
“Terra Luna Classic ($LUNC) debates increasing burn tax from 0.5% to 1.5%. Proposal aims to accelerate burns but faces concerns over exchange support. LUNC price recently dipped 3%, now at $0.00008094. #Update #CryptoNews”
Sunny Aggarwal (@sunnyaggro) discusses building Bitcoin’s application layer through @cosmos in @SlateCast episode. Osmosis governance voted Axelar ETH as the canonical ETH to address liquidity issues and enhance user experience. #DeFi #Update
“Binance Labs invests in liquid staking protocol aPriori, leveraging MEV on the Monad blockchain. The $10M funding aims to boost security, optimize performance, and drive blockchain innovation. #Blockchain $BNB #Update”
David Tse, CEO of Babylon Chain, reveals plans to boost Bitcoin’s utility through staking, allowing holders to earn yield without bridging. He emphasizes Bitcoin’s role as a global timestamping server and the importance of blockchain education. #Bitcoin #Update
“Uniswap Foundation reveals $41.41M in assets, proposes new fee mechanism; $UNI up 12.31% to $11.29. On-chain voting by May 31 to decide. #DeFi #Update $UNI”
WhiteBIT launches WhitePool, a Bitcoin mining pool now in the top 15 globally. It features a user-friendly interface, 24/7 support, and an automated reward system. VIP program offers lower fees and perks for top miners. #CryptoNews
“Nomura’s Laser Digital to launch high-yield $ETH ETF with staking options in September. Supported by Galaxy Digital and Dinero, targeting institutional investors for higher returns. #CryptoInvestment #Update”
