DeFi
Osmosis, the largest decentralized exchange (DEX) on the Cosmos ecosystem, has launched a significant update, OSMO 2.0, aimed at cutting the token inflation rate by 50%. Osmosis Cuts Token Inflation by 50% Following a governance vote, Osmosis has decided to halve the inflation rate to enhance the sustainability of
DeFi
The Aave community has decisively voted against a proposal by risk management firm Gauntlet to liquidate a large loan held by Curve founder Michael Egorov. On June 18, 2023, the Aave community voted overwhelmingly to reject Gauntlet’s proposal to freeze Michael Egorov’s CRV collateral on Aave V2. This
DeFi
On-chain data tracker Etherscan has introduced a new tool integrating OpenAI's model to help users explore the source code of smart contracts. Etherscan Launches AI-Powered Code Reader Tool Etherscan has rolled out a new tool named "Code Reader," which aims to assist users in evaluating and
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
Big Cap
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
Big Cap
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
Big Cap
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
Big Cap
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
Big Cap
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