Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
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
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.
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 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.
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 (@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 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
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
