Tag: DeFi

Thinking about mining #Bitcoin with your own PC?

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DeFi TVL Reached 40-Month Highs

Key Notes DeFi TVL surpassed the $150 billion mark for the first time in 40 months. Ethereum is getting close to its all-time high. AAVE’s TVL reached a new all-time high of $38.5 billion. . The long-awaited all-time high for Ethereum (ETH) might be just around the corner, with the notable interest in decentralized finance (DeFi). The DeFi total value locked surpassed the $150 billion mark, gaining 84% over the past four months, for the first time since April 2021, according to data from DefiLlama. The crypto community has been…

Hybrid L2 BOB Raises $9.5 Million in Latest Funding Round to Advance Bitcoin DeFi Development

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Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain, has successfully raised a total of $21 million through a series of strategic funding rounds since December 2024, with recent backing from investors including Castle Island Ventures, Ledger Cathay Capital, Rockawayx, and Sats Ventures. The latest funding round raised $9.5 million, demonstrating strong confidence from […] Original

DeFi Protocol CrediX’s Team Vanishes Following $4.5M Exploit

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The team behind the DeFi protocol CrediX is suspected of an exit scam following a recent $4.5 million security breach. The team has reportedly “vanished” from the project’s official channels despite promising refunds, leaving customers empty-handed. Related Reading DeFi Protocol Suffers $4.5 Million Exploit On Friday, security firm CertiK reported that the DeFi lender CrediX’s team had disappeared following the platform’s recent exploit, leaving its website offline since the August 4 incident and suddenly deleting the official X account. CrediX’s deleted account. Source: CertiK on X For context, the Sonic-based…

DeFi Soars with Tokenized Stocks, But User Activity Shifts to NFTs

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Locked liquidity on decentralized finance (DeFi) applications reached a record $270 billion in July, partly driven by tokenized stocks growth.  DappRadar’s data shows the total value locked (TVL) in DeFi protocols jumped 30% month-over-month, while active wallets for tokenized stocks soared from roughly 1,600 to more than 90,000, pushing their market cap up 220%. Meanwhile, NFT trading volumes jumped 96% to $530 million during the month. The average NFT price also doubled to around $105 as more users engaged with the market. Related: OpenSea expands to mobile with Rally deal, eyes…

CrediX Finance team vanishes after $4.5M DeFi exploit, Stability DAO steps in

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The team behind the decentralized finance (DeFi) protocol CrediX Finance seems to have disappeared following a $4.5 million exploit that drained funds from the platform, raising suspicions of an exit scam. On Monday, blockchain security firms flagged the exploit and determined that crypto assets worth $4.5 million had been taken from the platform. In response, the DeFi protocol paused its website to prevent users from depositing any more funds.  Blockchain security firm SlowMist wrote that six days before the exploit, the attackers accessed the protocol’s multisig admin and bridge wallets.…

Hyperliquid tops $319B July volume, a Record for any DeFi Perp DEX

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Trading volume on the decentralized exchange Hyperliquid reached a new monthly high in July, setting a record among DeFi perpetual futures platforms as user activity continued to rise. Hyperliquid hit $319 billion of trading volume during July, marking a new monthly record high across all DeFi perpetual futures exchanges, according to DefiLlama data. Hyperliquid’s record is a sign of more traders using decentralized exchanges, which are starting to cut into the market share of centralized cryptocurrency exchanges (CEXs). Source: DefiLlama  Hyperliquid earned 35% of all blockchain revenue during July, capturing…

How Ethereum treasury companies could spark ‘DeFi Summer 2.0’

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Since they emerged from stealth mode two months ago, a dozen Ethereum treasury companies have bought 2 million ETH between them, with Standard Chartered analysts estimating they’ll add another 10 million to that pile over time. There’s growing excitement that billions worth of that ETH could flow into DeFi protocols as firms compete to chase yields greater than the 3%-5% on offer from staking and re-staking. Etherealize’s Vivek Raman tells Magazine “healthy competition” between treasury companies for yield could light a fire under the DeFi sector before the end of…

SEC Chair Paul Atkins 🇺🇸 Just PUMPED Bitcoin & Crypto Market (historic!)

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