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The U.S. Securities and Exchange Commission (SEC) is set to file an appeal against a recent U.S. court decision that ruled Ripple's XRP token is not a security in certain instances. SEC to Appeal US Court Ruling on Ripple Lawsuit In a filing submitted to the
Big Cap
While the newly launched stablecoin by PayPal is still making waves, the supply of these assets has plummeted over the past year. Supply of Stablecoins, Crypto Trading Volume Plummets Despite Positive Signals According to data from The Block, the total supply of stablecoins has significantly decreased since mid-2022. In 2023
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Despite not yet being officially listed, SEI, the token of Sei Network's layer-1 blockchain, is already trading long/short around the $0.2 USD mark on the Aevo derivative platform. SEI Trading Early at $0.2 USD Similar to IOU debt futures, Aevo's Pre-launch Token Futures
DeFi
Hundred Finance, the multi-chain lending protocol, has officially ceased operations nearly four months after suffering a significant hack. Incident Overview: * Hack Details: As previously reported by Coin68, Hundred Finance was attacked on April 15th, resulting in a loss of $7.4 million. The hack was attributed to a manipulative action
DeFi
Following the dramatic events of the past week, Curve Finance finds itself in a precarious situation with recent developments adding to the AMM platform's challenges. Hacker Dominates 3pool Liquidity: * Key Issue: The hacker responsible for the Wintermute breach now controls over 51% of the 3pool liquidity on Curve
DeFi
Rune Christensen, the founder of MakerDAO, has announced an airdrop for the lending protocol Spark Protocol, proposing the distribution of 2 billion Spark (SPK) tokens over 10 years. SPK Token Airdrop Plan: * Objective: The proposal aims to incentivize long-term user participation in Spark Protocol through a "pre-farming airdrop"
DeFi
In its latest blog post, Binance Labs announced a strategic investment of $5 million in Curve Finance’s CRV token, while also supporting the project’s development on the BNB Chain. Investment Announcement: * Details: Binance Labs shared the news via its official Twitter account on the evening of 10/08.
DeFi
The decentralized exchange (DEX) PancakeSwap has officially expanded its operations to Arbitrum One, marking the sixth blockchain integration following zkSync Era in July 2023. Key Integration: * Announcement: On the evening of 10/08/2023, PancakeSwap announced its successful deployment on Arbitrum One, a leading Ethereum Layer 2 solution. * Strategic Vision:
DeFi
Coinbase Ventures, the investment arm of the cryptocurrency exchange Coinbase, has strategically invested in the liquid staking protocol Rocket Pool (RPL). Key Details: * Investment Announcement: The announcement was made on the evening of 10/08. Coinbase Ventures did not disclose the specific amount of RPL tokens purchased. * Previous Investment: This
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Circle, the entity behind the world's second-largest stablecoin USDC, has launched a customizable Web3 wallet platform aimed at businesses looking to provide digital payment solutions to customers. Circle Introduces New Web3 Wallet Application Last night (08/08), Circle unveiled a customizable Web3 wallet platform, providing businesses with an
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The ongoing conflict between the former owners and current community of EOS shows no signs of abating. EOS Network Foundation Urges Community to Reject $22 Million Settlement, Vows to Sue Block.one In a nutshell, Block.one, the developer of the EOS blockchain, raised $4 billion during the phase known
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Aptos, the rebranded blockchain formerly known as Facebook's Diem, is integrating Microsoft's AI infrastructure. Aptos Labs Collaborates with Microsoft on New AI Blockchain Solution In a move to realize their expanded service and brand strategy, Aptos, the layer-1 blockchain from the "old Meta," has
