DeFi
MakerDAO has approved a proposal to increase the savings rate for DAI holders following significant adjustments to the stablecoin's reserve assets. MakerDAO Increases DAI Holding Interest Rate After Removing USDP and Reducing GUSD In a proposal concluded on June 15, the MakerDAO community has agreed to raise the
DeFi
The goal of Frax Finance is to further decentralize the project by creating a layer-2 network optimized for DeFi activities and compatible with smart contracts. Fraxchain's Unique Features Fraxchain is expected to launch by the end of 2023. The new network will use the FXS token for governance,
Big Cap
The newly declassified speech by former SEC official William Hinman confirms that Bitcoin and Ethereum are not considered securities but provides no additional information about Ripple’s XRP. Declassified Emails Provide No New Information on XRP Lawsuit On June 13, the U.S. Securities and Exchange Commission (SEC), under court
Big Cap
After Sui, Maverick Protocol (MAV) is the next project to make its debut on Binance Launchpool. Binance Launches 34th Launchpool - Maverick Protocol (MAV) Last night, Binance announced the launch of its 34th project on Binance Launchpool, Maverick Protocol (MAV). Binance users can lock up BNB and TUSD to earn
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Polygon (MATIC) is set to reveal its Version 2.0 roadmap, aiming to transform the project into the "value layer for the Internet." Polygon Prepares a Series of Announcements for Version 2.0 In an announcement made on the evening of June 13, Polygon (MATIC) disclosed that over
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A dormant whale account has suddenly become active after a two-year hiatus, amid escalating regulatory crackdowns in the crypto industry. BNB Whale "Wakes Up" After 2 Years Data from Lookonchain on June 12 reveals that a whale wallet, which had been inactive for the past two years, recently
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Apple has issued an ultimatum to the creators of the Damus app, requiring compliance with their policies within the next 14 days. Damus – Web3 Social Network “Counterpart to Twitter” – Faces Potential Removal from Apple Store On the afternoon of June 13, 2023, Damus’ official Twitter account announced a warning regarding
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Blockchain projects Algorand (ALGO) and Flow (FLOW) have hit new all-time lows after being classified as securities by the U.S. Securities and Exchange Commission (SEC). Algorand (ALGO) and Flow (FLOW) Hit Bottom After SEC Security Classification On June 10, both Algorand (ALGO) and Flow (FLOW) plunged to new all-time
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In response to the negative outlook following Solana’s (SOL) classification as a security by the SEC, the community is proposing a fork of the coin. Community Proposes Fork of SOL After SEC Classification as Security Recently, a proposal appeared on Twitter suggesting forking Solana (SOL) into a new project
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Tether has issued $1 billion in USDT on the Ethereum network to assist Binance with liquidity conversion. This marks the second $1 billion issuance by Tether in less than two months. Tether Issues Another $1 Billion USDT to Support Binance’s Liquidity Transition from TRON to Ethereum Binance Transfers $750
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Polygon Labs, the development team behind the Polygon blockchain, has issued an official response regarding the SEC’s classification of MATIC as a security in its lawsuits against Binance and Coinbase. Polygon Labs: MATIC Is Not Just for Americans Following responses from the Solana Foundation and Input Output, the development
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The US Department of Justice (DOJ) has charged two Russian nationals for their alleged role in the theft of hundreds of thousands of Bitcoins from the now-defunct Mt. Gox exchange. US Charges 2 Russian Nationals in Mt. Gox Hack Scheme On June 9, the DOJ announced that the suspects are
