DeFi
After a period of experimentation and encountering some challenges, the MakerDAO community has officially adjusted the Enhanced DAI Savings Rate (EDSR) from 8% to 5%. Key Changes: * Interest Rate Adjustment: In a previous forum post, founder Rune Christensen discussed the limitations of the "Push DAI EDSR to 8%"
NFT & GameFi
The leading NFT marketplace, OpenSea, is removing BNB Smart Chain from its supported blockchains. OpenSea Halts BNB Smart Chain NFT Listings OpenSea will cease listing new NFTs on the BNB Smart Chain (BSC). The NFT marketplace representatives stated that the decision to remove BSC was due to "the need
NFT & GameFi
The trading volume and active wallet count for Bitcoin Ordinals, also known as Bitcoin NFTs, have experienced a severe decline since peaking in May 2023. Bitcoin Ordinals' Trading Volume Plummets Over 97% As reported by Coin68, Bitcoin Ordinals emerged as one of the hottest narratives in Q1 2023. According
Big Cap
On August 19, Offchain Labs, the team behind the Ethereum layer-2 solution Arbitrum, disclosed that the network experienced a temporary halt on August 18. Arbitrum Halts Transaction Processing for One Hour According to data from Arbiscan, Arbitrum encountered a period of inactivity on August 18, spanning one hour between batches
Big Cap
On August 19, Ethereum developers announced plans to deploy a new testnet named "Holesky" in September. Ethereum Sets Schedule for New Testnet "Holesky" to Replace Goerli In an effort to enhance testing environments and address the Ethereum testnet supply issue, the Ethereum development team will launch
Big Cap
On August 19, the cryptocurrency exchange OKX issued a notice urging all users to complete enhanced KYC procedures before 2:00 PM on August 21 (Vietnam time) to avoid service disruptions. OKX Requires All Users to Complete KYC by August 21 The exchange specified that users must complete steps including
Big Cap
Since its launch in early May, the SUI token has experienced a steep decline from its peak of $1.4 USD to just $0.5 USD at present. SUI Price Plunges 65% After Over 3 Months of Mainnet Launch, Community Reserve Sell-off Recorded According to The Block Research Director Steven
NFT & GameFi
To succeed on Magic Eden, projects need to offer unique concepts, scalability, and the potential to reshape the current NFT landscape on Polygon. Magic Eden Launches $1 Million Fund to Promote NFTs on Polygon Magic Eden has introduced a $1 million fund dedicated to supporting projects on the Polygon blockchain.
NFT & GameFi
Under increasing competitive pressure from rivals like Blur, the leading NFT marketplace OpenSea has announced a significant adjustment to its creator royalty fee structure. OpenSea Disables Operator Filter for Creator Royalties According to the latest update, OpenSea has announced that it will disable the Operator Filter, a tool introduced in
Big Cap
Bitcoin faced a significant sell-off following news that Elon Musk's aerospace company, SpaceX, liquidated $373 million worth of Bitcoin. According to the Wall Street Journal, this information was gleaned from confidential financial documents detailing SpaceX's activities in 2022 and 2021. However, specifics such as the timing
Big Cap
Shortly after the early morning crypto market dump on August 18, the market swiftly rebounded following news that the U.S. Securities and Exchange Commission (SEC) is likely to approve several proposals for Ethereum futures ETFs. According to sources cited by Bloomberg, the SEC is expected to greenlight a wave
DeFi
Cross-chain bridge Connext has announced the release of its NEXT token on 05/09, following a delay of more than a year from the original plan. The project will airdrop tokens to users across ecosystems such as Polygon, Arbitrum, Optimism, and Gnosis Chain. Key Details: * Token Launch: NEXT token will