DeFi
dYdX, the decentralized exchange (DEX) that transitioned to the Cosmos blockchain last year, has reached a trading volume of $758 million in the past 24 hours. After moving from Ethereum to the Cosmos blockchain infrastructure, dYdX has officially surpassed Uniswap to become the largest DEX by daily trading volume, based
DeFi
Sam Kazemian, the founder of Frax Finance, has announced that their Layer-2 solution, Fraxtal, is set to launch in February 2024. He expects it to attract hundreds of millions of USD in deposits upon release. In an interview with CoinDesk, Sam Kazemian, founder of the DeFi project Frax Finance, revealed
Big Cap
On the third day of U.S. stock market trading, Bitcoin Spot ETFs recorded a trading volume of $1.8 billion, marking a decline from previous days. Volume of Bitcoin Spot ETF Trading Halves on Day 3 Compared to First Two Days. Photo: CCN By the close of trading on
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Ethereum developers have successfully deployed the Dencun upgrade on the Goerli testnet, paving the way for its upcoming mainnet deployment at the end of February. Ethereum Successfully Deploys Dencun Upgrade on Goerli Testnet As reported by Coin68, Dencun represents one of the most significant cryptocurrency upgrade events of 2024. However,
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Grayscale continues its streak of large Bitcoin transfers to Coinbase following the approval of their ETF fund. Grayscale Transfers Additional 18,600 BTC to Coinbase Shortly after the opening of the US stock market trading session on January 17, asset management company Grayscale executed a series of Bitcoin transfers to
DeFi
On the evening of January 16, 2024, Chainlink, the leading oracle project in the cryptocurrency industry, announced that its cross-chain support protocol, Chainlink CCIP, has integrated with Circle's Cross-chain Transfer Protocol (CCTP) to provide users with a secure and reliable way to move the stablecoin USDC across different
DeFi
Socket, the developer behind the Bungee bridge, has confirmed that their cross-chain solution was hacked, resulting in a $3.3 million loss. Update on January 23: In a recent announcement on the afternoon of January 23, Socket revealed that they have recovered 1,032 ETH (valued at $2.3 million)
DeFi
Manta Pacific, the layer-2 blockchain developed by Manta Network, has officially surpassed Base, the layer-2 solution by Coinbase, becoming the fourth largest Ethereum scaling solution by Total Value Locked (TVL). Manta Pacific, the layer-2 blockchain of Manta Network, has reached a TVL peak of $850 million. TVL Trends of Manta
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Sui (SUI) has entered the top 15 leading blockchains by daily and weekly trading volume. Sui (SUI) "Rapidly Accelerates" to Achieve New ATH at $1.45 On January 15th, the layer-1 blockchain Sui (SUI) officially reached a new all-time high (ATH) of $1.45. The coin has been
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TrueUSD (TUSD), a stablecoin reportedly associated with crypto mogul Justin Sun, is experiencing a depegging phase, plummeting to as low as $0.984 on the Binance exchange. Over the past 24 hours, the TUSD/USDT trading pair recorded a trading volume exceeding $410 million, constituting 62% of the global TUSD
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Since its inception in 2018, the stablecoin USDC has demonstrated its resilience within the $12 trillion blockchain transaction market, the company announced. Circle: $130 Billion USDC Remittance Flow into Asia in 2022. Photo: Forkast Circle has just released a new report highlighting significant developments for their stablecoin. According to the
DeFi
On-chain data has recently surfaced, accusing the Polygon Foundation of lacking transparency in their token allocation process. Data tracking entity ChainArgos has highlighted discrepancies in the token allocation to the Staking Contract as per the initial plan. Specifically, instead of the staking contract balance growing from 400 million tokens to
