A heated contest for management over a brand new dollar-pegged token has set the stage for what analysts say might outline the subsequent part of the stablecoin business. According to Bloomberg, a bidding conflict unfolded on Hyperliquid, one in every of crypto’s fastest-growing buying and selling platforms, with the prize being the proper to challenge…
Hi everybody, August highlighted how crypto continues to evolve on a number of fronts. DeFi protocols examined tokenization of conventional belongings, capital flows shifted as Ethereum outpaced Bitcoin, safety breaches escalated, and regulators balanced delays with surprising experiments. Here’s what stood out. TradFi belongings discover their means on-chain In August, we noticed some DeFi protocols…
OnRe, the onchain asset supervisor delivering institutional-grade yield to DeFi, in the present day launched OnRe Points, a rewards program designed to incentivize significant participation within the ONyc ecosystem. Unlike conventional liquidity mining, OnRe Points reward real capital effectivity by monitoring how ONyc is actively deployed throughout DeFi protocols, strengthening its utility as Solana’s premier…
Reliable lending protocols are the spine of DeFi. Many customers depend on them to deposit vital quantities of capital, enabling borrowing, lending, and participation in quite a lot of decentralized finance methods. Venus Protocol, one of many main multichain lending platforms with greater than $2.6 billion in TVL, lately demonstrated each its resilience and powerful…
Decentralized finance protocol Bunni suffered an $8.4 million exploit on September 2, after a classy attacker leveraged a flash mortgage to control liquidity swimming pools on each Ethereum and Unichain. The incident, which focused the weETH/ETH and USDC/USDT swimming pools, has been attributed to a flaw in Bunni’s good contract logic involving rounding errors. Bunni…
The South Korea Financial Services Commission (FSC) has applied complete pointers capping crypto lending curiosity at 20% yearly whereas fully banning leverage companies that exceed collateral worth. According to a local report, the brand new self-regulatory framework takes impact instantly following considerations over investor harm from overheated exchange competition. The Financial Services Commission introduced the…
A new “WEB3” token presale has come under heavy scrutiny after blockchain investigator ZachXBT warned that the project may be tied to individuals behind some of the most notorious scams in the NFT space, including the failed Squiggles collection and alleged scammer “Raichu.” The project, called WEB3, announced its token presale this week through its…
After more than two decades scaling exchange-traded funds (ETFs) and capital markets businesses at Goldman Sachs, Invesco, and BlackRock, Jürgen Blumberg has joined Centrifuge as chief operating officer. Centrifuge is a DeFi platform for tokenizing real-world assets (RWAs) and using them as collateral in decentralized lending. Blumberg believes the decentralized finance sector is now experiencing…
In a press release shared with CryptoPotato, Incentiv, a Layer 1 (L1) EVM-compatible blockchain, has shared results from the ongoing testnet, along with a robust economic model that rewards network participants in proportion to their participation. Community-Focused Their consensus model is a contribution-scored Proof of Work (PoW), rewarding on-chain activity rather than mere capital inflow. Over 1.2…
Core Ventures, a Bitcoin-driven venture fund has launched a new accelerator program, BTC-FI – an accelerator designed to spur innovation at the intersection of Bitcoin and decentralised finance (DeFi). This 14-week remote accelerator offers up to $100k in funding, hands-on mentorship, and access to a vast industry network to help founders scale from Day 1….