DeFi
Frax Finance has recently put forward a proposal to introduce sFRAX, aiming to actualize its vision for Real World Assets (RWAs). This comes after their initial approach towards RWAs was revealed last month. Background In August 2023, Frax Finance announced a proposal to establish off-chain custodial units to support specific
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Bitfinex exchange and its closely affiliated company, the issuer of stablecoin Tether (USDT), have both disclosed investments in Bitcoin. Bitfinex Exchange Invests Profits into Bitcoin. Image: Bloomberg According to sources from The Block, Bitfinex exchange is investing in Bitcoin, although the exact amount has not been disclosed. The sources further
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In just a few days, Lido Finance is set to reach the milestone of 33% of the total ETH staked on the network. This detail has been consistently highlighted by the Ethereum community, accompanied by concerns over network risks. Community Concerns Rise as Lido Finance Approaches 33% of Total ETH
DeFi
The risks associated with deploying smart contracts have always been a pressing issue for DeFi and layer-2 solutions. This is a problem that the founder of zkSync is keen to address. Founder of zkSync Proposes On-Chain Court On the evening of September 2nd, Alex Glochowski, founder of zkSync, introduced a
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SWIFT, along with more than 12 major financial institutions, has successfully tested the interaction with Chainlink's cross-chain interoperability protocol (CCIP), ushering in a new era of integration between banks and blockchain. SWIFT Successfully Tests Interaction with Chainlink's CCIP Following the mainnet deployment of the CCIP cross-chain
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Following the revelation of Robinhood as a top BTC and ETH whale globally, on-chain data platform Arkham has now aggregated the wallets holding $4.8 billion worth of Ethereum from Grayscale. Grayscale Ethereum (GETH) Asset Statistics as of 02/09/2023. Source: Grayscale Website In a Twitter post on the
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The dYdX community has approved a proposal to upgrade to version v4, marking the first step for this DEX platform to move away from Ethereum and launch on its own layer-1 blockchain. dYdX approves upgrade to v4, transforms DYDX into token of dYdX Chain Proposed by Wintermute, a leading market
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Ethereum co-founder Vitalik Buterin has unexpectedly sold 500 MKR tokens worth half a million USD after Maker announced plans to build its own blockchain based on Solana. Vitalik Buterin sells MKR following Maker controversy. Photo: Bloomberg On the evening of September 2nd, the crypto community on the social media platform
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The U.S. Securities and Exchange Commission (SEC) recently postponed its decision on applications for Bitcoin spot ETFs from major Wall Street players. SEC Delays Approval of Bitcoin Spot ETFs - Bitcoin Volatility Surges On the first morning of September, the SEC delayed making a decision on all filings for
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Crypto exchange platform OKX is planning to expand its market presence into India by initiating local hiring efforts. OKX Plans Market Entry into India OKX, one of the top 10 cryptocurrency exchanges by trading volume, is gearing up to enter the Indian market and is currently recruiting local talent to
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Kaiko analysts have proposed a solution to help Tether swiftly address the USDT depeg issue by considering adjustments to redemption fees and minimum conversion amounts. USDT Still Hasn't Returned to $1 Mark After 1-Month Depeg Extended Reasons for USDT Depeg According to a recent study by Kaiko, the
NFT & GameFi
Binance Pool has introduced a new feature called Ordinals Inscription, which allows users to attach data to individual satoshis, facilitating the creation of unique digital artworks stored on the Bitcoin network. Binance Pool's Ordinals Inscription Service Announced on August 31, 2023, Binance Pool’s Ordinals Inscription service enables
