DeFi
Kain Warwick, the founder of the derivatives protocol Synthetix, has unveiled Infinex, a decentralized trading platform focused on perpetual futures contracts. Source: Synthetix Twitter With this move, Warwick aims to position the project to compete with centralized exchanges like Binance, which handle daily trading volumes in the billions of dollars.
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Polygon has announced a proposal to change the "face" of the MATIC token, transforming it into the universal currency of the entire Polygon blockchain ecosystem. Polygon Proposes Renaming MATIC to POL, Becoming Multi-Blockchain Token Polygon, the blockchain aiming to scale Ethereum, has finally unveiled a long-awaited change related
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After a prolonged three-year legal battle, Ripple has finally received an "indirect" court ruling that XRP is not a security. Judge Declares Ripple's XRP Sales Agreement Not an Investment Contract On the evening of July 13 (Vietnam time), the judge overseeing the lawsuit between the U.
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The Open Interest for MATIC trading pairs has surged from $109 million to $160 million in the past 24 hours. MATIC Gains Momentum Ahead of Polygon 2.0 Upgrade MATIC, the cryptocurrency powering Ethereum scaling solution Polygon, surged 10% yesterday (11/07) as the highly anticipated Polygon 2.0 upgrade
DeFi
The US Department of Justice (DOJ) has charged Shakeeb Ahmed with stealing $9 million from a Solana-based decentralized exchange (DEX) using a common flash loan method. Details of the Case On July 11, the DOJ ordered the arrest of Shakeeb Ahmed, a security engineer, for fraud and money laundering. Ahmed
DeFi
Starknet has just deployed the Quantum Leap V12.0 upgrade on its mainnet. This update is expected to significantly enhance the network's processing speed in the coming period. Source: Starknet Twitter The upgrade was announced by the Starknet team on their Twitter account, following about a week of
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Grayscale's leading crypto investment lawyer, Donald Verrilli, has argued that leveraged cryptocurrency ETFs are "an investment product even riskier". Grayscale Lawyer Criticizes SEC Over Leveraged Bitcoin ETF Grayscale's top crypto investment firm lawyer has criticized the U.S. Securities and Exchange Commission (SEC) for
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The price of GBTC stock is recovering significantly, benefiting from news of BlackRock's Bitcoin ETF filing, helping to narrow the gap between stock price and BTC to its lowest since May 2022. Grayscale's GBTC Stock Narrows Spread with Bitcoin to Lowest Since May 2022 According to
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A total of $117 million worth of funds has been detected moving out of Multichain to a suspicious wallet, following a withdrawal of $130 million on July 7. Multichain Continues to Witness Unusual Outflow of Funds Over the past 12 hours, the cross-chain project Multichain has observed a significant outflow
DeFi
Algofi, the leading DeFi project on Algorand, which accounts for 55% of the total value locked (TVL) on the network, has announced its closure due to declining activity. Algofi Ceases Operations According to an announcement posted on 10/07, Algofi, the largest DeFi protocol on the layer-1 blockchain Algorand, declared
DeFi
Blockchain infrastructure development company ConsenSys is set to launch the alpha version of its layer-2 solution, Linea, on the Ethereum mainnet. Linea Layer-2 Mainnet Deployment Linea, a zkEVM layer-2 solution developed by ConsenSys—the team behind MetaMask—has now been deployed on Ethereum and is preparing to open for global
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This investment revelation marks a stark reversal from Robert F. Kennedy Jr.'s previous statement of not being a Bitcoin investor back in May. According to CNBC, Robert F. Kennedy Jr. now holds between $100,001 and $250,000 worth of Bitcoin as of the end of June this
