DeFi
Liquid staking derivatives (LSDfi) are becoming increasingly important in the overall DeFi landscape, and Binance has decided to join this trend by investing in Helio Protocol. Key Investment: * Investment Amount: Binance Labs has invested $10 million into Helio Protocol, positioning it as a leading platform in the liquid staking sector.
DeFi
Following Binance Labs' $5 million investment, Aave has joined the "rescue squad" by deciding to purchase $2 million worth of CRV tokens over-the-counter (OTC). Key Details: * Proposal Approval: Aave has executed proposal AIP-289, exchanging 2 million USDT for 2 million USD worth of aCRV from Curve founder
DeFi
DeBank, a popular on-chain data analytics platform, has announced the launch of its own layer-2 solution on Ethereum, named DeBank Chain, utilizing the OP Stack technology from Optimism. Key Features: * Layer-2 Solution: DeBank Chain is designed to serve as an asset layer for the emerging Web3 social network trend. * Testnet
NFT & GameFi
The PFP project by DeLabs, y00ts, is making another move, this time from Polygon to Ethereum, aligning with the DeGods collection and company. y00ts Moves to Ethereum and Repays Polygon Funding 2. We're returning 100% of the grant provided by Polygon. The funds will be re-deployed for NFT
Big Cap
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
Big Cap
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: