Month: September 2023

Aave v3 fork debuts noncustodial liquidity markets on Base

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A collaboration across decentralized finance (DeFi) developers is introducing a non-custodial liquidity markets on layer-2 network Base, promising to enable trustless smart contracts to automatically connect liquidity pools with borrowing strategies. Behind the initiative are developers from Seashell, RNG Labs, and Loreum Labs, along with advisers and collaborators from Ampleforth, Uniswap and other projects. The group built the Seamless Protocol, a fork of Aave v3 that allows smart contracts with predetermined borrowing strategies to conduct undercollateralized borrowing on-chain. “As an analogy, Borrowing Strategies are like single-purpose loans, such as home,…

Bitcoin User Overpaid By $500,000 For A $200 Deal

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In times of high congestion, Bitcoin users sending transactions on the network pay high fees to be included in the next block. These fees can reach hundreds of dollars depending on the transaction size, but a user might have broken the record. 20 Bitcoin To Move $200, What Happened? Data from the analytics platform mempool.space, a user paid over $500,000 or 20 Bitcoin to transfer around $200. The chart below shows that the transaction fee has almost reached 200 million satoshis (sats). BTC transaction made by an entity that overpaid…

France introduces new certificate for crypto influencers

The Autorité des Marchés Financiers says the initiative should help professionalize commercial influence. France’s financial regulator, the Autorité des Marchés Financiers (AMF), has revealed a new online general training course to grant legitimate influencers a certificate. In a press release, the agency said the initiative should help “professionalize commercial influence, an activity that is now regulated by law.” Influencers should give at least 75% correct answers to 25 multiple-choice questions to pass the so-called Responsible Influence Certificate. However, to obtain the certificate, influencers must also get the General Certificate, developed…

GBTC ‘discount’ hits smallest since 2021 despite BTC price at 3-month lows

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Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (BTC), now trades at just 17% below BTC price parity. The latest data from monitoring resource CoinGlass confirms that as of Sep. 9, GBTC shares traded at 17.17% less than BTC/USD. GBTC retraces nearly two years of losses Bitcoin’s largest institutional investment vehicle, GBTC has seen its fortunes improve significantly since news that BlackRock, the world’s largest asset manager, said that it planned to file an application for the United States’ first Bitcoin spot price-based exchange-traded fund (ETF). This was music to…

FTX Bankruptcy Estate Holds $200M in Bahamas Property, $1.16B in Solana Tokens: Court Filing

The presentation also details $2.2 billion in cash, crypto, equity and real estate received by Bankman-Fried and other executives, including Nishad Singh, Zixiao “Gary” Wang and Caroline Ellison, in the months leading up to the bankruptcy. That may be significant because U.S. law allows such payments to be clawed back and added to the stock of assets that can be distributed to creditors. Source

Instacart Aims to Raise $616 Million in Upcoming IPO

As a publicly traded company, Instacart will need to navigate fierce competitions. Instacart, the popular on-demand grocery delivery and pickup service has submitted an updated filing for its upcoming Initial Public Offering (IPO), revealing its ambition to raise up to $616 million in fresh capital alongside existing shareholders. Instacart IPO: Pricing Strategy In its updated filing, Instacart disclosed its intention to set an offer price for its IPO within the range of $26 to $28 per share. This pricing range is significant, as it not only values the company but…