DeFi
Ethena Labs introduces a mechanism for restaking ENA and sUSDe tokens through Symbiotic and LayerZero. The ENA staking pool on Symbiotic will be launched on June 26. Ethena Supports Restaking of ENA and sUSDe through LayerZero and Symbiotic On the morning of June 18, the stablecoin project Ethena announced the
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According to findings from Liquid Collective and Obol, Ethereum's upcoming 2025 upgrade named Pectra harbors significant risks. Key Risks in Ethereum's Pectra Upgrade. Image: Bloomberg Research conducted by Liquid Collective and Obol highlights various risks associated with Ethereum's next major upgrade, Pectra, slated for
DeFi
Despite the liquidation incident, founder Michael Egorov asserts that Curve Finance's lending mechanism has the potential to become the safest in the industry. Michael Egorov: "Liquidation Incident Demonstrates Curve Can Become the Safest Lending Platform" As previously reported by Coin68, Michael Egorov's stablecoin loan
DeFi
The funds deposited into Consensys' Layer-2 solution Linea have increased by over 50% in the past month. This surge is attributed to the special Points hunting campaign designed to attract DeFi users. Layer-2 Linea Achieves Significant Growth Through Linea Surge Campaign with Points Reward Model gm Lineans😎 The wait
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On June 13th, U.S. Bitcoin spot ETFs marked their second largest outflow day of June, with over $226 million exiting the market. Bitcoin Spot ETF Sees Largest Outflow Day Since Early May According to Farside Investors, Fidelity's FBTC recorded the largest outflow among the funds, with $106
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Upcoming upgrades will see Cardano's treasury transferred to the community. Cardano holds the 8th largest treasury in the crypto industry. Cardano to Transfer $682 Million Treasury to Community Cardano, a Proof of Stake (PoS) layer-1 blockchain launched in 2017, is approaching a significant milestone - the transfer of
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On June 12th (U.S. time), the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve announced its latest interest rate decision, keeping rates unchanged within the range of 5.25% to 5% - the highest levels since the 2008 financial crisis. Fed Maintains Interest Rates for 7th
DeFi
Michael Egorov, founder of Curve Finance, is once again facing liquidation risks. His loan, backed by 350 million CRV tokens (equivalent to $122.5 million), is being liquidated, resulting in a significant price drop for CRV. Michael Egorov Faces Liquidation of 350 Million CRV Loan, Leading to 40% Price Dump
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The crypto market has witnessed a significant sell-off from large-scale users over the past two days, resulting in a sudden surge in liquidations. Value Fluctuations of Leading Cryptocurrencies as of 08:35 AM on 12/06/2024. Source: Coin360 According to CoinGlass, this sell-off has led to approximately $260.13
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The market capitalization of financial and political memecoins (also known as PolitiFi) has plunged by over 13% in the past 24 hours. Political Memecoins Plummet Following Biden's Son Conviction Image: BBC During the trial on June 11th, President Joe Biden's son, Hunter Biden, was convicted on
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After more than 5 years of dormancy, a whale wallet has transferred a total of 8,000 Bitcoin from its cold storage on Coinbase to Binance without any prior transactions for verification. Whale Wallet Moves Over $536 Million USD in Bitcoin to Binance After 5-Year Dormancy Image: CryptoSlate According to
DeFi
In the latest wave of user experience improvements for crypto wallets, Circle has announced its support for the Programmable Wallets development toolkit within the Solana ecosystem. Circle Supports Programmable Wallets Development Toolkit on Solana In their recent announcement, Circle introduced the integration of two key components into the Solana ecosystem: