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Zest Protocol Co-founder: Adding New Programming Capabilities Could Propel BTC’s Defi Ecosystem Beyond ETH’s
22.5.2024
According to Tycho Onnasch, co-founder of Zest Protocol, new programming capabilities which can be added to Bitcoin could help the leading crypto asset cancel out Ethereum’s early advantage of being able to deploy decentralized finance (defi) on Layer one (L1). Onnasch argued that once...
SEC’s Regulatory Overreach Challenged in Court: Motion Filed to Vacate ‘Dealer’ Rule
22.5.2024
Crypto Freedom Alliance of Texas and Blockchain Association filed a motion on May 17 to vacate the U.S. Securities and Exchange Commission (SEC)’s new Dealer Rule. The plaintiffs’ counsel argues that the SEC’s expanded definition of “dealer” exceeds its statutory...
Uniswap responds to SEC Wells notice: ‘We are ready to fight’ for DeFi
21.5.2024
The company called for supporting U.S. lawmakers in favor of the Financial Innovation and Technology for the 21st Century Act, hinting the bill could nullify the SEC’s case
Range to transform IBC into becoming the safest DeFi ecosystem
21.5.2024
Range intends to transform IBC and the interchain into becoming the safest DeFi ecosystem, for which forming connections with Osmosis and Stride are on the anvil. Together, they will develop risk tools like the IBC dashboard and enhance the forthcoming IBC rate limits v2 deliverance. The idea...
Tristan Frizza, Founder of Zeta Markets, on Solana’s DeFi Layer 2 Plans, Perpetual Trading, and 2024 DeFi Summer | Ep. 336
21.5.2024
Tristan Frizza, the Founder of DeFi platform Zeta Markets, discusses how he came to build on Solana (encouraged by a chat with the chain’s founder), Solana’s congestion issues, building the first Solana L2, and how this will benefit Zeta and the wider community.
The post Tristan Frizza, Founder...
Top Defi Tokens See Double-Digit Gains as Ethereum Soars
21.5.2024
Amid ethereum’s value increase, the decentralized finance (defi) ecosystem has significantly benefited from ether’s double-digit growth. Leading defi tokens by market capitalization rose by 14.8% over the past day, and the total value locked (TVL) in defi exceeded $100 billion in...
Injective unleashes Injera Protocol, ushering in a revolutionary era for DeFi
21.5.2024
The Injective ecosystem is ushering in a new era with the launch of the Injera Protocol, promising to redefine the landscape of decentralized finance (DeFi) and blockchain interoperability. This innovative protocol is set to enhance the capabilities of the Injective platform, making it more robust...
HBAR Foundation accelerates Hedera DeFi ecosystem growth
21.5.2024
The HBAR Foundation is actively involved in enhancing the Hedera network’s evolving DeFi ecosystem. They have prioritized the task at hand. From 2021 onwards, HBAR is known to have stood by more than 200 projects, as well as startups and companies developing on Hedera. In exchange, the projects...
Ethereum eyes ETF verdict, DeFi events, amidst market swings
20.5.2024
Ethereum (ETH) is above $3,000; it is listed at $3,086.75, down by 0.89% in the last 24 hours. The market expects the price to fluctuate several times before reaching its peak. The US SEC could deliver a verdict on Spot Ether ETF this week. However, this is merely speculation, and the US SEC...
How to create a memecoin on Solana?
20.5.2024
Anyone can create a memecoin through Solana without too much hassle. The process simply requires a good idea
Dogecoin (DOGE) positioned for take off? Spectators suggest 100x for Doge and this Defi token launching on Bitmart
20.5.2024
Dogecoin (DOGE) and Option2Trade (O2T) are poised for remarkable growth in the near future. As the crypto market gears up for another potential rally, these tokens stand out for their unique attributes and strong growth potential. Investors looking to maximize their returns should keep a close...
Real-word asset tokens can stabilize DeFi — Market observers
20.5.2024
RWA tokenization has become the latest trend in crypto, and early use cases indicate that DeFi protocols are using it for stable collaterals, yield products and more
Makerdao Reveals Ambitious Endgame Plans With 2 New Stablecoins
19.5.2024
Makerdao, a leading decentralized finance (defi) protocol, has revealed new concepts to its Endgame plan, introducing two new stablecoins: newstable and puredai. This strategic initiative aims to replace the existing DAI stablecoin and bolster the Makerdao ecosystem. Maker’s Endgame Plan...
Value Locked in Defi Nears $100B Range Again After $11.89B Increase in 35 Days
18.5.2024
Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although it has not yet reached the $100 billion mark, the value locked in defi is approaching that milestone after...
LayerZero identifies over 800k addresses in sybil self-reporting phase
18.5.2024
Initially, the team identified over 2 million addresses as potential Sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification
Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined
17.5.2024
The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash
Liquid Staking Market in Flux: Withdrawals Hit Swell and Mantle, Reshuffling Landscape
17.5.2024
Over the past 18 days, 27 distinct liquid staking derivatives (LSD) protocols have experienced withdrawals amounting to approximately 50,000 ether, valued at $146.72 million. The most significant reductions occurred in the LSDs Swell and Mantle, with Swell’s ether holdings decreasing...
Synthetix stablecoin, sUSD, becoming more scalable and decentralized
17.5.2024
sUSD, Synthetix’s stablecoin, is undergoing a critical phase in preparation for the V3 release, which will result in enhanced decentralization and upgradability. The previous V2x mechanism encouraged participation by minting the SNX token. It differs from the present version in that it brings...
Fantom Outperforms CoinDesk 20 Over Past Week as TVL Jumps
17.5.2024
FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million
Legendary Investor Tim Draper Leads Bitcoin Lending Protocol Zest’s $3.5 Million Seed Round
17.5.2024
Draper Associates, the VC firm led by the legendary investor Tim Draper, has led the $3.5 million seed round of Zest Protocol, a Stacks-based Bitcoin lending market. The round, which also had the participation of Binance Labs, Flow Traders, Trust Machines, and others, seeks to allow bitcoin holders...