DeFi News

Tether Treasury Drops Another $2 Billion in USDT on Ethereum: Implications and Analysis On March 31, 2023, Tether Treasury announced another massive injection of $2 billion in USDT (Tether’s stablecoin) on the Ethereum blockchain. This move comes as a continuation of Tether’s recent trend towards increasing its presence and liquidity on Ethereum, following the surge…

Breaking the Bank: Dogizen‘s Record-Setting $1.3m Funding Round and Binance Listing Ambitions Background: Dogizen, the up-and-coming decentralized finance (DeFi) platform built on the Binance Smart Chain, has recently closed a

Delta Prime DeFi: $4.75M Exploited on Avalanche and Arbitrum On September 20, 2021, the decentralized finance (DeFi) protocol Delta Prime Finance suffered a major setback when an exploit led to a loss of approximately $4.75 million across its platforms on Avalanche and Arbitrum . This unfortunate event unfolded in two phases, each with distinct characteristics,…

Whale Vote: How Sky’s Decentralized Community Preserved Its Identity Against Maker Protocol Background: In the world of decentralized finance (DeFi), two prominent protocols, Sky and Maker, clashed over a contentious issue known as the “Whale Vote.” This event shed light on the importance of decentralization, community governance, and the potential risks of centralized entities in…

DEGEN Tokens in Crisis: ConduitXYZ Holds Bridge Keys Hostage, Forcing Possible Relaunch on New Chain In a shocking turn of events for the DEGEN community, it has been revealed that ConduitXYZ, a key player in the DEFI ecosystem, has taken control of the bridge keys, essentially holding them hostage. This development comes as the DEGEN…

High-Risk DeFi Loans: The New Trend Amidst Market Volatility In the ever-evolving world of Decentralized Finance (DeFi), high-risk loans have emerged as a prominent and contentious trend amidst market volatility. DeFi lending platforms, which operate autonomously without the need for intermediaries , have witnessed a surge in popularity due to their accessibility and flexibility. However,…

DeFi Alert: Don’t Miss Out on the Next Solana-Like Rally in 2023 Decentralized Finance (DeFi) continues to disrupt the traditional financial industry, and early investors once again stand to reap significant rewards. One potential contender for the next major rally is a blockchain platform that has been gaining traction in 2022: Solana. However, it’s important…

BYDFi Introduces GRASS Token: A New Listing for Spot Trading BYDFi, a leading decentralized finance (DeFi) platform, is thrilled to announce the introduction of GRASS token as a new listing for spot trading. The GRASS token represents an exciting opportunity for investors and traders seeking to diversify their portfolios with innovative DeFi projects. GRASS Token:…

USDT Frenzy on Toncoin: In the rapidly evolving world of decentralized finance (DeFi), Toncoin, an open-source blockchain platform, has recently become a significant player. One of the most noticeable trends on Toncoin is the USDT frenzy. USDT, or Tether, is a stablecoin that maintains its value against the U.S. dollar. Its popularity lies in its…

The Great Unlock: Over $2.6 billion in tokens are set to hit the market in November, marking a significant event in the crypto world. This mass unlocking of tokens, which is the result of various vesting schedules and lock-up periods , will have a substantial impact on the prices of several projects. The first wave…

Tornado.cash“s Co-Founder’s Money Laundering Trial: New Date Set for April 2025 The legal saga surrounding Alexey Pertsev, a co-founder of the popular decentralized finance (DeFi) platform, Tornado.cash, continues as a new trial date has been set for April 2025. Pertsev, who was arrested in August 2022, is currently facing money laundering charges. Background Tornado.cash is…

He Yi Reveals the Real Reason Behind CZ’s Exit at Binance: A New Vision Emerges Background: The cryptocurrency market was abuzz with the sudden departure of Changpeng Zhao (CZ), the CEO of Binance, one of the largest and most influential cryptocurrency exchanges in the world. Rumors had been circulating about a possible rift within the…

Jito, a leading decentralized finance (DeFi) platform, recently made an exciting announcement regarding their re-staking deposits . Investors and users alike can now look forward to a new era in DeFi as Jito unveils an initial limit of $25 million for these deposits. The re-staking feature , which allows users to earn interest on their…

Raydium Takes the Crown: Unseating Uniswap as the Busiest DEX in the Meme Token Market Intro: The decentralized finance (DeFi) market has seen explosive growth in recent months, with new projects and decentralized exchanges (DEXs) constantly emerging. Among these, Uniswap has reigned supreme as the go-to platform for trading meme tokens and other DeFi assets….

Vantard’s Success Story: Raising $181k in the Best Presales of 2024 In the dynamic world of cryptocurrency and blockchain technology, standing out among the crowd can be a daunting task. However, for Vantard, a promising new player in the space, this challenge was met with unwavering determination and an innovative approach. The Early Beginnings Founded…

SelfKey’s Game-Changing Proposal: Merging with SingularityDAO and Cogito Finance to Create Singularity Finance SelfKey, the decentralized identity solution provider, has recently unveiled an ambitious plan to merge with SingularityDAO, a Decentralized Autonomous Organization (DAO), and Cogito Finance, a decentralized finance (DeFi) platform. The proposed merger aims to create Singularity Finance , a groundbreaking financial ecosystem…

Coinbase Stands with Beba Collection: Filing Amicus Brief Against SEC Supporting Decentralized Finance (Defi) Coinbase, the largest cryptocurrency exchange in the United States by trading volume, has taken a stand against the Securities and Exchange Commission (SEC) by filing an amicus curiae brief in support of the link, a decentralized finance (DeFi) project under scrutiny…

DeFi Alert: Fake Curve Finance App Reaches Apple’s Top 100, Potentially Exposing Users to Scams Background Decentralized Finance (DeFi) has been a buzzword in the crypto world lately, attracting a large number of users looking to profit from decentralized financial services. One popular DeFi project is Curve Finance, which has gained significant traction due to…

Cardano Founder Hoskinson: DeFi on Bitcoin to Outshine Ethereum and Solana: An In-Depth Analysis Charles Hoskinson, the founder of Cardano, has recently made waves in the crypto community with his bold prediction about Decentralized Finance (DeFi) on Bitcoin surpassing that of its rivals, including Ethereum and Solana. This assertion comes as a surprise to many…