Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
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AAVE token surged 8% to $135 amid significant whale activity, with 67,197 AAVE withdrawn from Binance.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.
$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
