CFTC Charges Uniswap for Unregistered Trading Imposes $175k Fine

Uniswap Labs, a leading decentralized finance (DeFi) platform based in New York and registered in Delaware, has been…

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Threshold community proposes merger to safeguard WBTC amid growing concerns

Threshold community proposes merging tBTC with WBTC. The proposal is driven by concerns over WBTC’s stability due to Justin Sun’s involvement. According to the proposal, BitGo will receive T tokens, becoming a major stakeholder in Threshold Network. In a strategic move to protect the future of Wrapped Bitcoin (WBTC), a proposal dubbed “#saveWBTC – a […]

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SUI price surges as TVL hits $1.3 billion

Sui has seen a more than 44% spike in price in the past week and 65% in 30 days. Gains come after the Grayscale Sui Trust opened for accredited investors. The SUI network’s total value locked has surpassed $1.34 billion. SUI price has surged by more than 44% in the past week to trade above […]

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Trump silent on crypto platform, SEC urged to clarify airdrops: Finance Redefined

Former President Donald Trump remained silent about his familys upcoming crypto platform, and Republican Party lawmakers urged the SEC to clarify its stance on crypto airdrops.

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Delta Prime DeFi hacker exploited token minting bug, managed to drain $6M

Hacker exploited Delta Prime’s upgrade function to mint massive tokens. Over $6M in assets were stolen, including Bitcoin, Ether, and stablecoins. Attack exposes risks of upgradable contracts in decentralized finance. Delta Prime, a DeFi platform operating on the Arbitrum network, has fallen victim to a major cyberattack where a hacker exploited a vulnerability in the […]

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The U.S. House Financial Services Committee Reviews the Scope of DeFi

The US House Financial Services Committee met on September 10, 2024. The objective was to explore the depths…

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DeFi Liquidations Hit New Annual High Amid Crypto Market Sell-Off

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Bitcoin L2 Stacks Implements Nakamoto Upgrade for Enhanced Network Functionality

The upgrade will increase Stacks transaction speed and enhance the networks resilience against blockchain reorganizations.

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Cypher Capital backs Echelon in $3.5 million seed round

Echelon aims to improve capital efficiency with features for institutional markets. Cypher Capital participated in Echelon’s $3.5M seed round. The funding supports the development of new products, RWAs, and expansion to new networks. Cypher Capital, a prominent multi-strategy crypto investment firm, has announced its participation in a $3.5 million seed funding round for Echelon, a […]

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Ondo Finance launches its permissionless yieldcoin USDY on Arbitrum

Ondo’s USDY yieldcoin is now live on Arbitrum, offering 5.35% APY for non-US investors. USDY integrated with Camelot and Dolomite for trading, lending, and yield generation. USDY represents 17% of Arbitrum DAO’s treasury, boosting RWA adoption on-chain. Ondo Finance has launched its market-leading permissionless yieldcoin, USDY, on the Arbitrum blockchain, marking a significant expansion of […]

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Maker Protocol rebrands to Sky, Dai stablecoin rebranded to USDS

Maker Protocol rebrands to Sky, renaming Dai stablecoin as Sky Dollar (USDS). MKR governance token upgraded to Sky (SKY) with a 1:24,000 conversion rate. Maker SubDAOs rebranded as Sky Stars, with Spark as the first live subDAO. In a significant move to make decentralized finance (DeFi) more accessible, the Maker Protocol has rebranded to Sky, […]

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HashKey Group taps TON mini-game Catizen as first Web3 partner

HashKey Group and Telegram mini-game Catizen have announced a partnership, with Catizen teh first official Web3 partner. The Asia-based firm will leverage the TON blockchain. HashKey Group has announced Catizen, a Telegram mini-game platform on the TON blockchain, as its first Web3 partner. The company will use the partnership to bolster Catizen’s Web3 gaming ecosystem, […]

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Renzo teams up with Jito to launch LRT token ezSOL

Renzo Protocol revealed its ezSOL liquid restaking token will soon launch on Jito as Solana’s first LRT. The Renzo team is eyeing growth for the DeFi ecosystem on Solana. Renzo Protocol has announced the launch of ezSOL, the first liquid restaking token (LRT) on Solana. The collaboration between Renzo and Jito Network will allow JitoSOL […]

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MetaMask Partners With Mastercard & Baanx to Launch Debit Card

MetaMask has announced the pilot launch of its self-titled MetaMask Card. This card is backed by Mastercard and…

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Lido Finance votes to integrate stETH into BNB Chain

Lido Finance integrates stETH into BNB Chain, marking its first cross-chain move. The integration uses Axelar and Wormhole to bridge $23 billion in TVL to BNB. Lido remains a leading DeFi protocol with $25.94 billion TVL and one million validators. In a landmark decision, the Lido Finance community has voted to integrate its stETH (Staked […]

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DeFi Protocol Convergence hit by major hack, CVG token collapses

Decentralized governance hedge fund platform Convergence exploited. 58M CVG tokens minted and swapped. CVG token value plunged 99% from $0.12 to $0.0004 following the hack. On Thursday, the decentralized finance (DeFi) protocol Convergence experienced a severe breach, resulting in a dramatic collapse of its CVG token. The exploit involved the creation of 58 million CVG […]

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P2P payments firm Valora launches Mobile Stack DApps launchpad

Valora launches “Mobile Stack” to enable mobile-first Web3 DApp development on iOS and Android. Mobile Stack aims to improve UX and accessibility in the Web3 ecosystem. Initial apps to launch on Mobile Stack include “Troopo” and “ChatGPT Data DAO.” Valora, a peer-to-peer payments firm, has launched a groundbreaking decentralized, permissionless, and open protocol launchpad for […]

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Gravita boosts DeFi security with Chainlink price feed integration

Recently, Gravita announced the updated version of the weETH data platform, replacing the existing Redstone with Chainlink Price Feeds. This major upgrade’s primary purpose is to enhance the security and reliability of its decentralized finance services. The weETH Vessels of Ether.fi have been deployed on a variety of networks, including Ethereum, Arbitrum, and Linea, resulting …

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ZKX Protocol Shutdown Sparks Rug Pull Accusations

The sudden shutdown of ZKX Protocol, a social derivatives trading platform on Starknet, has ignited accusations of a potential rug pull within the DeFi community. The announcement, made on July 30, cited financial non-viability, minimal user engagement, and declining trading volumes as the primary reasons for the closure. Eduard Jubany Tur, founder of ZKX, explained …

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Clearpool positions credit vaults on Base, Ethereum L2 Blockchain

Clearpool has positioned its credit vaults on Base, an Ethereum L2 Blockchain nurtured by Coinbase and created on the open-source OP Stack.  Portfolio Technologies, a crypto conventional HFT space-creating body, utilizes its advanced technology to lessen the interruption in buying and selling online assets throughout all exchanges and OTC markets. It has been responsible for …

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