THORChain founder and his plan to ‘vampire attack’ all of DeFi
THORChain’s founder unveils a “vampire attack” strategy to draw over $1 billion in liquidity from struggling DeFi projects, aiming to enhance user trust and boost capital efficiency.
DeFi
Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
Decentralized finance is growing up: How DeFi is becoming ‘NewFi’
Traditional finance giants like BlackRock are entering the DeFi sector, driving its evolution into ‘NewFi,’ with over $100 billion in total value locked, enhancing security and attracting institutional trust.
Riot Platform buys Kentucky-based Block Mining for $93M
Riot Platform has acquired Block Mining for $93 million, boosting its self-mining hashrate by one exahash per second, enhancing competitiveness and solidifying its position in the cryptocurrency mining sector.
KangaMoon, Tron, Maker: Top Crypto Trends
Investors eyeing $KNG, $TRX, $MKR, $BONK, and $PEPE as all memecoins show profits. $KNG up 58% in 30 days, hitting MEXC; $TRX peaks at $0.14; $MKR surges past $3,000; $BONK gains 7063.6% YTD. #Update
Riot Platforms Acquires Block Mining for $92.5M
Riot Platforms (@RiotPlatforms) acquires Block Mining for $92.5M, increasing its Bitcoin mining capacity by 60 MW, with plans to reach 110 MW by 2024. This boosts total capacity to 2 GW, aiming for a 16 EH/s hash rate by 2025. #Update #BitcoinMining
Riot Acquisition Boosts Hash Rate Significantly
Riot Platforms, Inc. acquires Block Mining, Inc. for $92.5M to boost hash rate. The deal includes 60 MW capacity, aiming to hit 100 EH/s by 2025. Analysts raise 2024 revenue estimates to $344.2M. #CryptoNews #Update
Mining Debate: Sen. Lummis Opposes U.S. Tax
Senator @CynthiaMLummis opposes a 30% energy tax on Bitcoin miners, arguing it risks pushing the industry overseas and stifles innovation. Up to 52.6% of Bitcoin mining is emissions-free, and the tax targets even off-grid sources. #CryptoNews
Uniswap Upgrades UniswapX: Impact on UNI?
Uniswap (@Uniswap) announces a major upgrade to UniswapX, introducing a redesigned auction contract to enhance trade execution and quoting speeds. $UNI traded at $7.67, down 2.46% over 24h. Update first on web, mobile soon. #DeFi sees increased institutional interest and Bitcoin ETF approvals.
Crypto Legalization: Russia Approves Mining, Trade
?? The Russian parliament passes a bill to use crypto for international trade and legalize crypto mining, effective Sept 1, 2024. This move aims to counteract Western sanctions and boost trade with China, India, and Turkey. #CryptoNews #Update
Casino Technology Set for 100x Expansion
Solana ($SOL) jumps 33.78% in 30 days to $180.76, but analysts warn of a potential downturn. Rollblock ($RBLK) draws investors with its DeFi casino model, offering 30% weekly profits and predicting 800% surge. Currently priced at $0.017. #Update
XRP Healthcare Halts XRPH Token Staking
XRP Healthcare halts new staking for $XRPH to address limited 100M token supply. Existing stakes remain until term end. Focus shifts to real-world healthcare in Africa, investing in pharmacies, medical centers, and hospitals. $XRPH trades at $0.03138. #Healthcare #Update
DeFi TVL Skyrockets to $94 Billion in 2024
DeFi TVL soared 72.8% to $94.1B in six months, driven by institutional investment and U.S. SEC approval of spot Bitcoin ETFs. Bitcoin hit an all-time high above $73K. Crypto market cap reached $2.27T, up 37% YTD. NFTs remain volatile. #Crypto #Update
Aave V3 Launches on Aptos Mainnet Soon
Aave V3 will deploy on Aptos Mainnet after a 99.6% community vote approval. This marks Aave’s first non-Ethereum blockchain expansion, utilizing Aptos’ Move programming language. $AAVE is trading at $100.42, with a 1.62% 24-hour increase and a market cap of $1.4B. #DeFi #Update
DeFi Handbook Clarifies Regulatory Uncertainties
The Enterprise Ethereum Alliance launches DeFi Risk Assessment Guidelines to address regulatory ambiguities and improve compliance. It influences licensing in Abu Dhabi and the EU, aiding financial giants like @BlackRock, @jpmorgan, and @GoldmanSachs. #DeFi