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🔹 Daily DeFi & Ethereum News 🔹 Join also: @Metaverse_Defi_Nfts_Trading Contact for cooperations only: @ChengTF
🏦 Coinbase cbBTC token may revolutionize Bitcoin DeFi adoption
Coinbase, the world’s second-largest cryptocurrency exchange, could significantly boost the adoption of Bitcoin-native decentralized finance (DeFi). The exchange has recently teased the development of a new Wrapped Bitcoin (BTC), called Coinbase BTC (cbBTC), creating widespread excitement among crypto investors.
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/channel/DeFi_Ethereum
⬜️ OKX Wallet Integrates Aurelius Finance, Enhancing DeFi Lending Options
OKX Wallet has now integrated Aurelius Finance, a sophisticated decentralized lending platform. Aurelius offers users a comprehensive dashboard for managing collateralized debt positions, monitoring system health parameters and participating in stability pools. This integration allows OKX Wallet users to directly access Aurelius Finance's lending and borrowing features, including opening positions with various collateral types, staking aUSD and earning from stability pools.
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/channel/DeFi_Ethereum
📊 DeFi liquidations hit yearly high above $400 million in past 24 hours amid market turbulence
On-chain liquidations across decentralized finance protocols on Ethereum have reached a new yearly high, with over $400 million in liquidated positions in the past 24 hours, according to data from Parsec Finance. This comes amid a substantial uptick in market volatility and a broad crypto market selloff. Earlier today, Bitcoin plunged to its lowest since February, dropping below $53,000, while ether hit a six-month low of about $2,300.
Source
/channel/DeFi_Ethereum
🔵 Aave Launches on ZKsync Era
Aave, the largest lending platform in DeFi with nearly $12 billion in total value locked (TVL), is now live on ZKsync Era, an Ethereum Layer 2 (L2) network powered by zero-knowledge technology. The move introduces Aave V3 on the L2 solution, which boasts over $850 million in TVL, and looks to bring liquidity and yield opportunities to ZKsync’s nascent DeFi ecosystem. Price feeds will be provided via Chainlink, ensuring accurate and consistent data across Aave’s multi-chain deployments.
Source
/channel/DeFi_Ethereum
JUST IN: 🇩🇪 German authorities seize 13 Bitcoin ATMs and nearly €25 million in cash in a crackdown on operators allegedly violating KYC/AML laws
🤝 @Cryptocurrency_Inside ✅
📣 DEXScreener is Earning Over $1 Million in Weekly Fees
DEXScreener, a popular chart and data aggregator for onchain tokens, is one of the top earners in all of DeFi, according to DeFiLlama. 0xngmi, the founder of DeFiLlama, posted on Aug 15 that the analytics site is now tracking DEXScreener metrics, and the site is making up to $250,000 per day by charging fees for teams to update their token’s branding and information on the site.
Source
/channel/DeFi_Ethereum
🪙 Ethereum Gas Prices Hit All-Time-Low as 110,000 ETH Pours Into DeFi
Ethereum gas fees have hit an all-time low as ETH continues to trade below $3,000 amid a broad period of market uncertainty. Though the reduced costs are good for users, they may not be good for investors. Ethereum staking protocols are also beginning to show signs of life following weeks of neutral and muted inflows as over 100,000 ETH is poured into decentralized finance (DeFi) staking platforms.
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/channel/DeFi_Ethereum
🪙 110,000 Ether Pours into Liquid Staking Platforms, Boosting Defi Holdings
Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols.
Source
/channel/DeFi_Ethereum
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💰 US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon
United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash.
🤝 @Cryptocurrency_Inside ✅
🆘 DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve
Decentralized finance protocol Convergence, a Curve-based yield-enhancing protocol, a was exploited Thursday, sending its token's price to near-zero. The attacker created (minted) 58 million of the protocol's CVG token using a vulnerability in the protocol's codebase, and swapped the tokens for 60 wrapped ether (wETH) and 15,900 crvFRAX stablecoin using liquidity pools on Curve, web3 security auditing firm QuillAudits said.
Source
/channel/DeFi_Ethereum
📣 DeFi Technologies to enhance trading desk with zero-knowledge proofs
DeFi Technologies, a Canadian fintech firm, is set to enhance its trading infrastructure through a new partnership with Zero Computing, according to a July 30 statement shared with CryptoSlate. The collaboration aims to integrate zero-knowledge proof tools to boost operations on the Solana and Ethereum blockchains by optimizing its ability to identify and execute arbitrage opportunities.
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/channel/DeFi_Ethereum
📊 DeFi platform DTX Exchange raises 1.2m, praised for revenue model
DTX Exchange has announced that it has raised over $1.2 million in its presale. With impressive features and a hybrid trading method, DTX is gaining considerable attention from the crypto community. DTX’s long-term potential stands out in the crypto market. Amid the general downturn of the market, DTX Exchange (DTX) maintains its advantage over memecoins’ hype-driven tokenomics.
Source
/channel/DeFi_Ethereum
📣 Monad-based DeFi Projects Unveil Flurry of Funding Rounds
Protocols building on Monad are announcing their funding rounds as anticipation builds around Monad’s upcoming testnet. aPrior, an MEV-powered liquid staking platform, revealed a $10 million funding round led by Pantera Capital; Kuru Exchange, a central limit order book (CLOB) decentralized exchange, announced a $2 million raise led by Electric Capital, and liquid staking protocol Kintsu unveiled a $4 million raise led by Castle Island Ventures.
Source
/channel/DeFi_Ethereum
⚫️ Solend Announces New Solana DeFi Protocol with Rebrand to Save.Finance
Solana lending protocol Solend has announced that it has rebranded as Save and relaunched on save.finance. Save is expanding with three new products designed to expand financial opportunities available to Solana users which include a stablecoin, an LST, and an app for shorting memecoins. Save represents the culmination of everything the Solend team has learned over the last three years. Having grown to become the top DeFi protocol on Solana, peaking at over $1B in TVL.
Source
/channel/DeFi_Ethereum
📊 DeFi Summer Is Making a Comeback, Steno Research Says
Decentralized finance (DeFi) summer is making a comeback, and while total value locked (TVL) in the crypto ecosystem is still well below its 2021 peak, it could climb to an all-time high as soon as the first half of next year, Steno Research said in a report on Friday. DeFi's imminent resurgence is linked to interest rates, particularly in the U.S., because the decentralized finance market is predominantly U.S. dollar-centric, the report said.
Source
/channel/DeFi_Ethereum
🔵 AAVE could rally 25% as DeFi token breaks out of nearly two-year long accumulation
AAVE, a Decentralized Finance (DeFi) token that ranks in the top 50 cryptocurrencies by market capitalization, has broken out of a nearly two-year long accumulation range after rallying over 25% in the last seven days. Despite the recent price increase, an on-chain analysis from iCryptoAI shows that AAVE holdings from whale wallets have continued to increase in the last 24 hours, suggesting buying pressure persists and making it more likely that the coin extends gains.
Source
/channel/DeFi_Ethereum
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📣 DeFi protocol YieldNest launches new liquid restaking token
Decentralized finance (DeFi) protocol YieldNest is launching a new liquid staking derivative (LSD) called ynLSDe designed to capture restaking yield from EigenLayer, according to an Aug. 21 announcement. The token “will allow the holders of Ether staked with Lido, FRAX, Origin Protocol, or Mantle to earn additional yield… through restaking,” YieldNest said. Lido, FRAX, Origin, and Mantle are decentralized Ethereum staking platforms, each of which issues its own LSD.
Source
/channel/DeFi_Ethereum
🐴 Prometheum adds 'digital asset securities' UNI and ARB to its custodial ranks
Digital asset firm Prometheum's custodial arm said it plans to add two new "digital asset securities" to its ranks, Uniswap and Arbitrum, soon after soft launching its ether custody services. That means institutional and corporate clients will be able to custody ether, UNI and ARB through Prometheum Capital, according to a statement released by the firm on Wednesday. CoinDesk earlier reported the news.
Source
/channel/DeFi_Ethereum
📣 INFINIT Opening DApp Creation to All with First-Ever DeFi Abstraction Layer
INFINIT, the first-of-its-kind DeFi abstraction layer, today announces that it will soon open dApp creation to all, allowing anyone to build and customize DeFi applications in a matter of minutes. INFINIT is a DeFi infrastructure that abstracts away complexities to launch and scale decentralized finance applications across any integrated chain. Like pump.fun before it, INFINIT enables anyone to enter the arena and build their own financial dApps.
Source
/channel/DeFi_Ethereum
📣 Lower interest rates could be the key to DeFi summer: HashKey Capital CEO
It’s been a wild ride in the markets in recent days. The United States Federal Reserve is forecast to cut interest rates in 2024, but uneven inflation prints and a somewhat contradictory jobs market have created a lack of consensus on the total number of rate cuts for the remainder of the year.
Source
/channel/DeFi_Ethereum
💰 PayPal founder and billionaire Peter Thiel says #Bitcoin is so big that society didn't even know how to process it
🤝 @Cryptocurrency_Inside ✅
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💰 PlayFi Genesis Nodes Sale: Explore Passive Income Opportunities
PlayFi, the decentralized AI and data network for live content, is offering a limited release of 1,000 Genesis Node licenses starting August 14. Priced at $400, these nodes feature AI processing and zk proof capabilities designed to generate passive income for node operators.
With over 120,000 transactions already on the testnet, PlayFi is moving forward by activating these initial nodes to support its network. Early participants will receive a 7,500 $PLAY airdrop bonus too.
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📊 Pump.Fun Flips Ethereum Blockchain in Daily Revenue
Memecoin launchpad Pump.Fun posted the highest gross revenue in all of Decentralized Finance (DeFi) over the last 24 hours, surpassing even Ethereum. The platform amassed $867,429 in the last 24 hours, compared to Ethereum’s $844,276, according to DeFiLlama. Solana-based Telegram trading bot, Trojan, was the third-highest revenue generator of the day, as memecoin infrastructure continues to dominate in DeFi.
Source
/channel/DeFi_Ethereum
🔵 Aave's fee switch proposal sparks major rally in AAVE token
On Thursday, July 25, Marc Zeller, the founder of one of the top independent organizations providing services for Aave DAO, published a temperature check for a new Aave governance proposal that would lead to a “fee switch.” Among the various components, the proposal's “buy & distribute” program, which would use the protocol’s fee revenue to acquire or “buy back” AAVE on the secondary market, garnered significant attention.
Source
/channel/DeFi_Ethereum
🟠 Value DEX Launches on BNB Chain to Enhance DeFi Trading Experience
The DEX aggregator supports only those tokens that are launched on the BNB Chain, but this is set to change in the future. This is especially important for investors and stakeholders for the sustainable growth and development of Value DEX within the DeFi ecosystem. Attracting the audience to utilize Value DEX should involve persons who seek decentralization, fast execution of transactions, low charges, safety, and ease of navigating the platform. It provides a friendly trading environment that is favourable to traders.
Source
/channel/DeFi_Ethereum
⚪️ AlphaGrowth to Lead Compound DAO’s Strategic Expansion in DeFi
Compound DAO, a leading decentralized finance (DeFi) protocol, announced the formalization of a one-year partnership with AlphaGrowth, the DeFi operations firm. AlphaGrowth has a proven track record of accelerating multiple blockchain protocols and ecosystems. This strategic collaboration follows a successful five-month trial period that began in December and aims to drive sustainable revenue generation and solidify Compound’s position as a DeFi leader.
Source
/channel/DeFi_Ethereum
✖️ DeFi Exchange DYdX in Talks to Sell Derivatives Trading Software
DYdX Trading Inc., the developer of the namesake decentralized finance exchange, is in talks to sell some of its derivatives trading software for an undisclosed amount to a consortium that includes some of the biggest market makers in crypto, according to people with knowledge of the matter.
Source
/channel/DeFi_Ethereum
