131280
🔹 Daily DeFi & Ethereum News 🔹 Join also: @Metaverse_Defi_Nfts_Trading Contact for cooperations only: @ChengTF
📊 DeFi Protocol Pendle’s TVL Drops 40% In A Week
Over the last week, Pendle, a popular DeFi protocol that led the EigenLayer boom, witnessed a 40% drop in the total-value-locked (TVL). At one point, Pendle had managed to gather more than $6 billion in user deposits but has now lost nearly one-third of that. Since last Wednesday, users have withdrawn $3 billion from Pendle deposits, a large part of it belonging to liquid re-staking tokens. As of Monday, the value of the user deposits in DeFi protocol Pendle was $3.7 billion.
Source
/channel/DeFi_Ethereum
📣 Starknet allocates additional 50 million STRK to DeFi program
The Starknet Foundation has announced an additional 50 million STRK allocation to its DeFi Spring program, according to details published on Monday. DeFi Spring 2.0 is Starknet Foundation’s new commitment to growing the decentralized finance (DeFi) ecosystem of Starknet, an Ethereum Layer-2 rollup ecosystem.
Source
/channel/DeFi_Ethereum
⚫️ Solana Surpasses Ethereum in Daily DEX Trading Volume
Solana has overtaken Ethereum in daily decentralized exchange (DEX) trading volume, according to recent data from DefiLlama. Solana-based DEXes reported $1.148 billion in daily trading volume, outpacing Ethereum’s $736.62 million. Several Solana platforms, including Raydium, Meteora, Orca, Phoenix, and Lifinity, now rank among the top 10 DEXes by daily trading volume. Uniswap and PancakeSwap continue to lead the market overall.
Source
/channel/DeFi_Ethereum
💰 Bitflow DEX Aggregator Emerges as the Liquidity Hub on Stacks to enhance Bitcoin DeFi functionality
Bitflow, a leading player in the Bitcoin DeFi ecosystem, proudly announces its expansion as a decentralized exchange (DEX) aggregator on the Stacks chain. A DEX aggregator sources liquidity from multiple decentralized exchanges to ensure optimal prices, low slippage, and efficient transactions. Similar to Jupiter Aggregator on Solana and 1inch on Ethereum, Bitflow aggregates liquidity to provide the best trading rates across Bitcoin layers.
Source
/channel/DeFi_Ethereum
📣 Andromeda & Injective Announce Strategic DeFi Partnership
Andromeda and Injective have announced a strategic partnership. The collaboration, revealed on June 27th, 2024, in Sigonella, Sicily, Italy, aims to accelerate DeFi adoption by combining the strengths of both platforms. Andromeda, known for its Web3 Operating System called aOS, is joining hands with Injective, a blockchain specifically designed for financial applications. This integration is expected to unlock new economic opportunities and use cases in the world of decentralized finance.
Source
/channel/DeFi_Ethereum
📣 North Korea's Lazarus Group Exploited Defi Protocol Alex Lab for $4.3 Million, Probe Reveals
Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between the Singapore Police Force and relevant cryptocurrency exchanges as part of the ongoing investigation.
Source
/channel/DeFi_Ethereum
💰 Bitcoin DeFi application Alex Lab attributes $4 million exploit to North Korea's Lazarus Group
Bitcoin DeFi protocol Alex Lab said the $4 million exploit it encountered last month was most likely linked to the Lazarus Group, a North Korea-backed cyber-hacking entity. Alex Lab said in an X post on Tuesday that, after extensive investigations facilitated by crypto sleuth ZachXBT, the project has identified “substantial transaction evidence linking the attack to the Lazarus Group, a notorious hacker collective believed to be associated with the North Korean government.”
Source
/channel/DeFi_Ethereum
💰 XRP Just Reached Major Defi Milestone
XRP, the seventh largest cryptocurrency, recently reached a significant milestone on the decentralized finance (DeFi) market. According to XRPscan, a leading XRP Ledger explorer, the total amount of XRP pooled in the XRPL Automated Market Maker (AMM) has surpassed 10 million XRP. This milestone highlights the growing adoption and utilization of XRP in DeFi.
Source
/channel/DeFi_Ethereum
📣 Coincall Announces Strategic Partnership with SOFA.org to Catapult CeFi-DeFi Liquidity
Coincall, a fast growing crypto exchange that provides the most diverse options and perpetuals for BTC, ETH and over 10 altcoins such as SOL, KAS and ORDI, and SOFA.org, an open-source and non-profit decentralized autonomous organization (DAO) building atomic settlements of financial assets on DeFi, have announced a strategic partnership enabling traders to bridge trading positions across CeFi and Defi.
Source
/channel/DeFi_Ethereum
💰 Cosmos DAO’s Osmosis to Introduce Feeless Bitcoin Bridge with Nomic
The Cosmos ecosystem is about to get a major boost for Bitcoin (BTC) following a recent vote by the Osmosis Decentralized Autonomous Organization (DAO). According to reports, the community approved a proposal to implement a fee-free Bitcoin bridge through a revenue-sharing agreement with Nomic.
Source
/channel/DeFi_Ethereum
📣 DeFi Technologies Stock Sell-Off Is 'Attractive Buying Opportunity,' Benchmark Says
The sell-off in DeFi Technologies’ (DEFI) stock looks overdone, and the shares now offer an attractive buying opportunity, Wall Street broker Benchmark said in a research report on Thursday, reiterating its buy rating. Shares of the cryptocurrency exchange-traded product issuer (ETP), plummeted in recent days following steep declines in altcoins and a negative opinion piece in a crypto newsletter.
Source
/channel/DeFi_Ethereum
💰 Bitcoin Treasury Firm DeFi Technologies Claps Back at Report That Tanked Its Stock
One of the most high-flying crypto stocks came crashing back to Earth this week after a report argued that it wasn’t rising “for the right reasons.” Today, the company issued a strenuous defense of its business. In its Tuesday issue, crypto newsletter CoinSnacks outlined an extensive marketing campaign undertaken over the past few months to provide positive coverage for DeFi Technologies (DEFI)—a Toronto-based crypto fund provider that publicly trades on Canada’s Chicago Board Options Exchange (CBOE).
Source
/channel/DeFi_Ethereum
📣 Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price Updates
The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated markets and margins, designed to refine risk management and collateral usage.
Source
/channel/DeFi_Ethereum
📊New report shows how Sushiswap led CORE’s 74% QoQ DeFi TVL growth
In Q1 2024, Core Chain’s market capitalization soared to $1.21 billion, marking a 144% quarter-over-quarter surge in the Core token price, driven by a 1% increase in its circulating supply. This growth elevated CORE’s CoinMarketCap rank from 119 to 58. The Core blockchain is a layer one blockchain that utilizes and supports Bitcoin miners (and holders) on an EVM-compatible chain. It is designed to solve the blockchain trilemma by leveraging a unique two-way consensus mechanism called Satoshi Plus.
Source
/channel/DeFi_Ethereum
⬜️ OKX Wallet Revolutionizes DeFi Access with Latest SOFA.org Integration
OKX Wallet has developed a partnership with SOFA.org, a revolutionary non-profit decentralized autonomous organization (DAO) that is dedicated to leading the concepts of fully integrated asset payment systems on the blockchain networks. This partnership would open up a new era for OKX users who can now directly access SOFA quickly and easily.
Source
/channel/DeFi_Ethereum
🔵 Aave DAO launching GHO stablecoin on Arbitrum
Aave’s decentralized autonomous organization is launching its GHO stablecoin on the Arbitrum blockchain as part of its "cross-chain expansion strategy." "The multi-collateralized stablecoin native to the Aave Protocol, will utilize the industry standard Chainlink Cross-Chain Interoperability Protocol (CCIP) and rollout progressively, beginning with Arbitrum as the first network and expanding over time to other networks," according to a statement.
Source
/channel/DeFi_Ethereum
🐴 Uniswap Wallet brings on Transak to provide fiat on-ramping services
Web3 payment infrastructure provider Transak has partnered with Uniswap Labs to serve as a fiat on-ramp partner, facilitating fiat purchases of crypto directly in the Uniswap Wallet. Transak announced the collaboration Monday, saying it will give users “a smooth and intuitive on-ramp experience, simplifying their entry point into decentralized finance (DeFi).”
Source
/channel/DeFi_Ethereum
📣 Hong Kong eyes DeFi, DAO spent $37M to help free Julian Assange: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. After 14 years of fighting against extradition to the United States, Julian Assange is a free man. AssangeDAO — a decentralized organization created to help raise funds for Assange’s legal fight — revealed that it spent $37 million to help the WikiLeaks founder secure his freedom.
Source
/channel/DeFi_Ethereum
📣 Decentralized Finance Unlocks New Potential for Treasury Teams
Decentralized Finance (DeFi) is transforming the financial landscape, offering new opportunities for corporate treasury teams. By leveraging blockchain technology, DeFi enhances liquidity access, yield farming, and transparent cross-border transactions. Traditional financial systems often involve intermediaries, slowing transactions and increasing costs. DeFi eliminates these middlemen, enabling direct peer-to-peer transactions, reducing costs, and speeding up processes.
Source
/channel/DeFi_Ethereum
🥇 Bitflow launches liquidity hub to enhance Bitcoin DeFi functionality
Bitflow has gone live with several new functionalities for its Bitcoin Layer 2 (L2) decentralized exchange (DEX). The company says the new features will help elevate Bitcoin DeFi (BTCFI) to a standard comparable to Ethereum’s mature DeFi ecosystem. The advancements in Bitflow’s Liquidity Hub upgrades the decentralized finance experience on Stacks, bridging the gap between Bitcoin and Ethereum DeFi functionalities.
Source
/channel/DeFi_Ethereum
📊 CoinDCX launches Web3 mode on its app enabling access to 50k DeFi tokens
CoinDCX on Tuesday announced the launch of a Web3 mode within the crypto exchange app, giving around 15 million users access to over 50,000 DeFi (decentralised finance) tokens. The firm’s user base can purchase tokens through the CoinDCX app using Indian rupees (INR), and subsequently transfer them to Web3 mode for purchasing assets within the ecosystem.
Source
/channel/DeFi_Ethereum
🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟
Stay ahead with:
- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.
Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!
🔗 Join now: @Cryptocurrency_Inside
#advertising
🚨🚨 JUST IN: 🇪🇸 Barcelona to ban AirBNB and other apartment rentals for tourism by 2028, citing soaring housing costs for residents.
@FinancialWorldUpdates
🍰 New AI portfolio management tool coming to PancakeSwap
Decentralized crypto exchange PancakeSwap is set to introduce CupcakeHop, an artificial intelligence (AI)-powered portfolio management tool. Developed by Bril Finance and backed by PancakeSwap, the tool is designed to improve decentralized finance (DeFi) investment management. CupcakeHop, set to launch in August, aims to make DeFi accessible to a broader range of users with tailored investment strategies and real-time risk management.
Source
/channel/DeFi_Ethereum
📣 Pyth ploys DeFi lending overhaul with Morpho, Gauntlet partnership
Pyth Network, a provider of real-time market data for blockchain applications, has partnered with decentralized finance (DeFi)-centric development teams Morpho and Gauntlet to improve lending and borrowing experiences on Ethereum and Base. The partnership aims to offer more efficient and secure lending protocols by using Pyth’s low-latency price data.
Source
/channel/DeFi_Ethereum
🐴 1inch partners with Blockaid to combat DeFi fraud and cyber threats
Decentralized finance (DeFi) platform 1inch announced a collaboration with Web3 security provider Blockaid to upgrade security measures within its ecosystem. On June 20, 1inch Network revealed its aim of identifying and preventing fraudulent activities like phishing scams and hacks. In an announcement, the DeFi platform highlighted that Blockaid’s security features, which simulate transactions before execution, will play an integral role in enhancing DeFi security.
Source
/channel/DeFi_Ethereum
🔵 DeFi Protocol expands to first L2 with launch on Base
Morpho, a decentralized finance (DeFi) lending and borrowing protocol on Ethereum, has expanded to its first layer-2 with launch on Base, an L2 scaling network for Ethereum that Coinbase introduced in 2023. While Morpho initially launched on the Ethereum blockchain, its going live on Base to tap into a growing DeFi ecosystem. Morpho is a protocol that offers a peer-to-peer platform for liquidity, with users able to tap into a more robust capital utilization rate.
Source
/channel/DeFi_Ethereum
📣 WOO Innovation Hub Welcomes BlasterSwap as New Partner in DeFi Excellence
WOO, an ecosystem of aligned products, including the WOOFi protocol and WOO X, a top global crypto centralized exchange, announces a new strategic partnership within the WOO Innovation Hub: BlasterSwap, the second-largest spot DEX on Blast L2, renowned for having the largest community in the ecosystem with 35,000 unique users.
Source
/channel/DeFi_Ethereum
💰 IOTA’s DeFi Reach Grows as Rabby Wallet Integrates IOTA EVM
A Web3 wallet by DeBank, Rabby, has announced the integration of IOTA EVM to enhance the multi-chain Decentralized Finance (DeFi) experience. According to the report, the integration would enable users to have optimized benefits by switching between chains while using the DeFi applications simultaneously on multi-chain.
Source
/channel/DeFi_Ethereum
💰 StratoVM: Bringing Scalability and Security to Bitcoin-Based DeFi
As the decentralized finance (DeFi) sector continues to gain momentum, the need for a scalable and secure infrastructure built on the foundation of Bitcoin has become increasingly pressing. StratoVM is emerging as a game-changing solution, bridging the gap between Ethereum’s thriving DeFi ecosystem and Bitcoin’s unparalleled security and decentralization.
Source
/channel/DeFi_Ethereum