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21co Unwraps New Suite of Wrapped Cryptocurrencies
12.9.2023
21.co, the parent company of crypto exchange-traded products provider 21shares, has introduced a suite of wrapped tokens pegged to top crypto assets across multiple blockchains. The wrapped tokens are designed to increase liquidity and interoperability between different crypto networks. 21co...
Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos
12.9.2023
The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain. From Ethereum to Aptos Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain....
Liquidity in Crypto Markets Highly Concentrated Among Eight Exchanges
11.9.2023
A recent report by crypto researcher Kaiko reveals that crypto trading liquidity is highly concentrated, with eight major exchanges handling almost 90% of the trading volume.
Among these exchanges responsible for the vast majority of volume are Binance, Coinbase, OKX, and Huobi, the Kaiko report...
Aave v3 fork debuts noncustodial liquidity markets on Base
11.9.2023
Seamless Protocol, a fork of Aave v3 deployed on Base, enables smart contracts with predetermined borrowing strategies to conduct undercollateralized borrowing on-chain
FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
11.9.2023
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial...
Arbitrum's fraud proofs haven't been used in the two years since it launched
11.9.2023
Offchain Labs co-founder Ed Felten said there were one or two fraud challenges submitted on a version of Arbitrum running on the Ethereum proof-of-work fork after the Merge, which was defeated
SEC Greenlights Nasdaq’s First AI-Powered Order Type
9.9.2023
The U.S. Securities and Exchange Commission (SEC) has approved a new artificial intelligence (AI)-powered order type for Nasdaq’s stock exchange. This marks the first AI order type approved for an exchange. Nasdaq says the latest technology aims to improve efficiency and performance on...
Binance Boss Counters ‘FUD’ Amidst Legal Challenges, Touts Company’s Resilience and Low Turnover
8.9.2023
Binance has faced a series of negative news reports in recent weeks. However, the cryptocurrency exchange’s leader, Changpeng Zhao, known as CZ, used social media to assure the community that the reports were just fear, uncertainty, and doubt (FUD). Despite the departure of some...
Ripple Acquires Crypto Financial Services Company Fortress Trust
8.9.2023
Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple...
Binance CEO brushes off negativity, assures firm has 'no liquidity issues'
8.9.2023
Despite the so-called FUD, Changpeng Zhao said in reality, the crypto industry has scored a number of massive wins in recent weeks
Shark Tank Star Kevin O’Leary Warns of Emerging Financial Crisis, Bank Failures
6.9.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a...
Nima Capital goes dark after dumping 9M SNY tokens, community calls it VC rug
5.9.2023
The VC firm had received a grant from the project in return for locking $40 million worth of liquidity in SYN
Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend
4.9.2023
The native token of decentralized liquidity platform Synthetix (SNX), rose by 12.5% during European hours on Monday following significant outflows on Binance
Coinbase Debuts Paypal’s PYUSD Stablecoin; Trading to Roll Out in Phases Pending Liquidity
31.8.2023
Coinbase has listed Paypal’s PYUSD stablecoin, following an announcement of its support for the digital asset just a day earlier. Should liquidity requirements be satisfied, the exchange plans to introduce trading pairs for the asset in stages. Coinbase Adds PYUSD Stablecoin Coinbase,...
Over 680,000 Ethereum Added to Liquid Staking Protocols in Just 28 Days
26.8.2023
In less than a month, despite a downturn in cryptocurrency markets, over 680,000 ethereum (ETH) has been added to liquid staking derivatives protocols. Lido Finance, the leading liquid staking platform, experienced a supply increase of 5.94%, surging from 7.91 million to 8.38 million ETH since July...
Side Protocol integrates Injective for Mesh Liquidity
25.8.2023
Side Protocol has integrated Injective. Described as strategic in the announcement by Side Protocol, the idea behind establishing this association is to embrace Mesh Liquidity to achieve further innovations in decentralized finance, also known as DeFi. It will specifically look to achieve...
Binance Is Contacting Low-Cap Crypto Projects in Bid to Boost Trading
25.8.2023
The crypto exchange is conducting a "risk management initiative" targeting some crypto projects with a relatively small market capitalization or whose tokens form lower-liquidity trading pairs
Tether maintains $3.3B in liquidity cushion: USDT transparency report
25.8.2023
The total assets under Tether stand at $86.1 billion with total liabilities amounting to $82.8 billion — thus confirming a reserve backing of over 100%
Popular Decentralized Exchange 1Inch Partners with Coinbase's Base Network to Expand Liquidity Aggregation
25.8.2023
Popular Decentralized exchange aggregator 1inch partners with Coinbase's Ethereum Layer 2 network Base to deploy its 1inch Aggregation Protocol and the 1inch Limit Order Protocol.
With the mainnet launch of Base on August 9th, exchanges like Uniswap, Balancer, and SushiSwap have just joined...
SBI-Owned B2C2 Eyes European Expansion With Acquisition of Rival Trading Firm Woorton
24.8.2023
London-based liquidity provider B2C2 has acquired French market making firm Woorton in a deal that will grants B2C2 access to licenses, allowing it to operate in the EU