DeFi
The Growing Competition in the Stablecoin Market In the last three months, especially after the Shanghai upgrade and the boom of Liquid Staking, the battle among stablecoins has become a hot topic in the market with significant changes. Despite enjoying stable yields from ETH, the scalability of decentralized stablecoins still
DeFi
Overview Daniele Sestagalli, the notable figure behind the prominent DeFi 2.0 projects of 2021, has re-emerged with WAGMI, a revamped version of the previously known Popsicle Finance (ICE). Historical Background Daniele Sestagalli gained fame in the DeFi community during the mid to late 2021 DeFi 2.0 wave. He
DeFi
Overview GroDAO, a revenue aggregator platform, has voted to dissolve due to market difficulties, poor performance, and the departure of key team members. Proposal Approval The proposal to dissolve the GroDAO protocol received 70.95% approval from its community, offering stakeholders a clear exit strategy. The proposal included maintaining GrodaPod
DeFi
Overview Fuji Finance, a cross-chain liquidity aggregation platform, has declared the cessation of its development due to the ongoing bearish market conditions. Shutdown Announcement After two and a half years of operation, Fuji Finance has decided to cease its activities. The primary reason cited by the team is the inability
Big Cap
Bitcoin (BTC) trading volume on Binance has seen a significant decline over the past month, according to data from K33 Research. Bitcoin (BTC) Trading Volume on Binance Drops by Over Half. Image: Bloomberg Legal controversies with U.S. regulators and global regulatory tightening have severely impacted Bitcoin (BTC) trading volumes
Big Cap
Despite the overall crypto market downtrend affecting all coins, Bitcoin (BTC) appears to be holding stronger compared to Ethereum (ETH). ETH/BTC Exchange Rate Reaches New Low According to CoinDesk data, one of the most closely watched trading pairs in the crypto market, ETH/BTC, recently hit its lowest level
Big Cap
The Ethereum network is experiencing significant losses, reflecting the downturn in the current market conditions, despite its leading position in the ecosystem. According to data from Blockworks Research, Ethereum's blockspace profitability has been consistently positive since The Merge. However, as of September, Ethereum's "business"
Big Cap
Grayscale has submitted an application for Ethereum ETF futures, as reported by the Wall Street Journal on September 19. Grayscale seeks to launch Ethereum ETF futures under the Securities Act of 1933, departing from their previous filings under the Investment Company Act of 1940. Previously, the U.S. Securities and
DeFi
Overview Balancer, a popular DeFi protocol on Ethereum, suffered a front-end attack that tricked users into sending funds to the hacker's address. Attack Details On the morning of 20/09, Balancer's official X (Twitter) account issued a warning that the project's website front-end had
NFT & GameFi
Top NFT marketplaces, including OpenSea, Rarible, and Blur, have all restricted trading of Stoner Cats—the first animated NFT project—following a lawsuit filed by the SEC. NFT Marketplaces Restrict Stoner Cats After SEC Lawsuit NFT platforms have begun implementing various restrictions on Stoner Cats since September 18. Specifically, OpenSea
Big Cap
After a prolonged wait, Ethereum's layer-2 solution, Optimism, has announced its latest token OP airdrop event for active participants in governance activities. Optimism Conducts Third Phase of OP Airdrop. Image: Optimism Specifically, this marks the third airdrop event for OP tokens on the OP Mainnet since its launch
Big Cap
Following in the footsteps of Celo, Canto has decided to transition from a layer-1 blockchain to a layer-2 solution on Ethereum, in collaboration with Polygon. According to their latest announcement, the layer-1 blockchain Canto, built on Cosmos, will soon pivot to Ethereum's layer-2 using zero-knowledge proof technology. Canto
