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Uma’s Latest Innovation Ova Promises Fairer Profit Distribution in Defi
25.1.2024
UMA has officially introduced Oval, a novel product designed to optimize the use of oracle data by defi protocols. This tool changes how protocols manage oracle-based MEV, enhancing efficiency and fairness in Ethereum’s blockchain profits. Oval Launch by Uma Aims to Redistribute Profits Back...
The Protocol: Ethereum Developers Warn on 'Diversity Problem'
24.1.2024
In this week's issue, a focus on Ethereum's "diversity problem," the week's biggest blockchain project upgrades and highlights from Electric Capital's annual report on developer activity. PLUS: We've got an exclusive interview with a top architect behind the XRP Ledger
Value Locked in Defi Surpasses $57 Billion, Securing Over $20 Billion in 3 Months
21.1.2024
Data from defillama.com reveals that over the past 93 days, the total value locked (TVL) in decentralized finance (defi) protocols escalated from $37.46 billion on Oct. 20, 2023, to the present $57.74 billion. Notably, 57.3% of the total value in defi is anchored in the Ethereum blockchain, while...
The Protocol: MetaMask's Secret Weapon and Ethereum's Dencun Debacle
17.1.2024
In this issue of CoinDesk's weekly newsletter on blockchain technology, we bring you Sam Kessler's scoop on MetaMask's in-development "intents" feature that could revolutionize how users interact with blockchains. Also: a post-mortem on Ethereum's unexpectedly ugly Dencun testnet upgrade – and...
Attempted Bitfinex Exploit for $15 Billion XRP Fails
16.1.2024
Bitfinex’s security protocols came into the spotlight when a seemingly massive XRP transfer, initially causing alarm among crypto watchers, turned out to be a foiled exploit attempt. $15 Billion of XRP Transfer Attempt Fizzles Out A failed exploit attempt on cryptocurrency exchange Bitfinex...
The Protocol: Beneath Bitcoin ETF Chaos, A Blockchain Drama
10.1.2024
In this week's issue, we dive into the proposal that would have curtailed Ordinals inscriptions "NFTs on Bitcoin" traffic – were it not abruptly ended over the past week by a maintainer for the popular Bitcoin Core software
Coinbase Executives Offer Security Support to SEC Following Account Hack
10.1.2024
SEC chair Gary Gensler. Source: A video screenshot, YouTube / SEC Coinbase executives have offered to help the U.S. Securities and Exchange Commission (SEC) following the Monday hack of the federal agency’s account on X. Coinbase offers to assist with “security protocols” “Hey...
2.15 Million Ethereum Poured Into Liquid Staking Protocols in 6 Months
6.1.2024
Recent statistics indicate that in the past six months, a substantial 2.15 million ethereum has been allocated to liquid staking derivatives protocols. As of Jan. 6, 2024, Lido Finance holds a dominant share, exceeding 75% of the total deposited ether, with a massive addition of 1.7 million...
The Protocol: Is Solana's Rebound The Real Thing?
3.1.2024
Solana has been one of the biggest gainers of the latest crypto cycle, with a handful of airdrops and meme tokens accelerating big boosts in the price of SOL. Also, Ethereum co-founder Vitalik Buterin has released an updated roadmap for the ecosystem
Blockchain Analysts are Accumulating This Lesser-Known AI Crypto Before 2024 – Here’s Why
29.12.2023
The release of ChatGPT by OpenAI just over one year ago triggered a Cambrian explosion of innovation in Artificial Intelligence (AI) technology. And AI has been a major theme in the cryptocurrency market, with traders flocking to invest in protocols that boast a strong AI-based use case and value...
Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
26.12.2023
On April 3, 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). By the start of January 2023, this amount declined to $38.30 billion. Concurrently, in April 2022, the leading defi tokens by market capitalization were collectively worth $135...
The Protocol: Blockchain Tech Predictions for 2024, Er… Best Guesses
20.12.2023
Why not try? At least? Check out The Protocol's FIRST ANNUAL list of blockchain tech predictions for the coming year. ALSO: Ledger hack sows DeFi discord while Ordinals "NFTs on Bitcoin" activity produces Bitcoin fee spike and a lucrative surprise at Sotheby's
Yearn.finance Ask Traders to Return Gains Following $1.4 Million Multisig Error- What’s Going On?
14.12.2023
Source: AdobeStock / Sergey Nivens Decentralized finance (DeFi) protocols Yearn.finance has called on arbitrage traders to return excess profits they accrued as a result of a multi-signature scripting error that led to a $1.4 million drain. In a Dec 11 GitHub post, the protocol’s contributor...
The Protocol: Crypto Spring Is Airdrop Season With Tokens From Starknet, LayerZero
13.12.2023
In this week's issue of The Protocol newsletter, we're covering Worldcoin's latest update, airdrop season, the new Bitcoin wallet from Jack Dorsey's company and the "data availability" network Celestia's market-moving plan to plug into Polygon's blockchain development kit
The Protocol: Bitcoin Censorship, or Just 'Spam Filtering?'
6.12.2023
In this week's issue of The Protocol newsletter, we're highlight blockchain developers named in CoinDesk's Most Influential list just out, including Blockstream's Lisa Neigut, Polygon's Jordi Baylina, Base's Jesse Pollak and Optimism's Karl Floersch
Value Locked in Defi Nears $50B With 34.40% Surge in 46 Days, Led by Top Protocols
3.12.2023
The total value locked (TVL) in decentralized finance (defi) is on the brink of surpassing the $50 billion threshold, standing at $48.91 billion currently. This figure marks a significant rebound from the low of $36.39 billion recorded 46 days ago, on October 18. Over this period, the TVL in defi...
AltLayer adds support for the NEAR Protocol’s DA layer
1.12.2023
AltLayer has announced that it has added support for the DA Layer of NEAR Protocol to its roll-up offering. AltLayer chose to integrate NEAR because it facilitates transaction commitments from Ethereum L2. Users, thereby, can send batch transaction commitments securely to their smart contracts....
Vested Digital Assets Worth $750M Set for Release in December After Initial Delay – Will Crypto Prices Sell Off?
27.11.2023
Source: Pexels Locked crypto assets valued at $750 million are set for release by December 2023, according to data gathered from the Token Unlocks platform. A total of four decentralized blockchain protocols are looking to saturate the crypto market with their digital tokens. Among these blockchain...
LBank Unveils Third Launchpad Featuring ACGN Protocol’s AIMEME Token
21.11.2023
PRESS RELEASE. LBank, a globally leading cryptocurrency trading platform, is set to make waves in the digital currency space with the official launch of its highly anticipated Launchpad on November 30, 2023. The focal point of this unveiling is the introduction of ACGN Protocol’s AIMEME...
Tencent, Huawei Make Bold Moves in Web3 Amid China’s Crypto Constraints
21.11.2023
Source: LT/Adobe Tencent and Huawei, two major Chinese tech giants, are making notable strides in the Web3 space despite the country’s stringent regulations on cryptocurrency trading. At the Staking Summit in Istanbul, a two-day conference featuring top minds in proof-of-stake (PoS)...