Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
Binance Labs invests in aPriori, an MEV-powered liquid staking protocol for Monad, to enhance security, optimize performance, and decentralize the blockchain, reducing gas fees. This underscores Binance Labs’ commitment to advancing blockchain technology.
Decentralized finance (DeFi) transforms transactions by removing intermediaries, but its complexity requires structured education on blockchain, cryptocurrencies, and smart contracts to ensure safe and effective use, promoting global financial inclusion.
Decentralized finance (DeFi) transforms financial interactions but requires structured education to empower users. Community support and simulations help demystify blockchain, fostering financial inclusion and economic empowerment globally. Understanding DeFi is key to thriving in a decentralized future.
Compound protocol cancels Proposal #289, reallocating 499,000 COMP tokens to goldCOMP, due to Governance Attack risks. CEO Brian Colligan introduces Staked Compound, distributing 30% of reserves to stakers. This move boosts COMP token prices and enhances governance security. #Update
Decentralized finance (DeFi) TVL surged 72.8% to $94.1B in H1 2023, driven by institutional interest and spot Bitcoin ETF approvals. Bitcoin hit $73K before correcting to $67,235, up 6.5% in a week. Crypto market cap reached $2.27T, a 37% YTD growth.
This week, crypto funding highlights include Riot Platforms’ $92.5M acquisition of Block Mining, NPC Labs’ $18M raise led by Pantera Capital, and Caldera’s $15M to simplify Ethereum rollups. Total VC funding exceeds $210M with other key raises from aPriori, Mezo, and OpenSocial.
BingX launches a pre-market trading feature, starting with $HMSTR and $CATI, enhancing liquidity and price discovery. Users can choose orders via an over-the-counter platform. Chief Product Officer Vivien Lin highlights ongoing innovation for 10 million global users. #CryptoTrading
Laser Digital, part of Nomura Holdings Inc., will launch a high-yield Ether ETF with staking options by early September. Partnering with @GalaxyDigitalHQ and Dinero, this ETF targets institutional investors, offering both Ether price appreciation and staking yields. #Crypto #Ethereum
Sen. Elizabeth Warren warns of foreign crypto miners, including Chinese entities, spying on U.S. military bases and risking national security. She calls for stricter oversight and anti-money laundering measures. One example: MineOne Partners Ltd., banned from land near a Wyoming base. #NationalSecurity
Curve Founder Defends DeFi Amid Memecoin Mania: In an exclusive interview, Curve’s Michael Egorov argues that DeFi is more innovative than memecoins. He cites ongoing projects like Pendle and Ethena, and emphasizes DeFi’s potential to tokenize real-world assets, projected to hit $30 trillion by 2034. Despite memecoin hype, Egorov reinforces DeFi’s long-term value and innovation. Read more
AAVE, the native cryptocurrency of @AaveAave, surged past $100, trading 12% up at $100.27 with a market cap of $1.49B. The boost follows a new governance proposal to introduce a fee switch and token buy-back program, potentially generating $60M annually for holders. #CryptoNews
Russian ransomware groups, including @Lockbit and BlackCat/ALPHV, raked in $500M in crypto in 2023. Over 80% of sanctioned crypto volume tied to Russia-based exchange Garantex, aiding military equipment purchases for Ukraine conflict. #CyberSecurity
$SATS surged 18.5% to $0.00033, leading gains among altcoins after Bitcoin jumped 4% to $66,968. $AAVE rose 10% to $102.6, $XMR increased 8.5% to $168.7, and $ORDI climbed 11.6% to $38.5. #Crypto #Update
Russian ransomware groups generated over $500M in crypto in 2023, per TRM Labs. Lockbit and ALPHV/Black Cat targeted Boeing & MGM, earning $320M. 80% of sanctioned crypto transactions were via Russia’s Garantex. #CyberSecurity
