Tag: DeFi

Whale Deposits $21M In DeFi Tokens To Binance, Is It Justin Sun?

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In the early hours of Monday, a dormant whale moved $21 million worth of 4 DeFi tokens to the crypto exchange Binance. The news received mixed reactions from the community, which worries about an incoming dump amid the recent retrace of the crypto market. Related Reading Whale Deposits $21 Million In DeFi Tokens To Binance On Monday, on-chain analytic firm Spotonchain reported a dormant whale had deposited around $13 million in crypto to Binance. After a year of holding, The whale sent 3,800 Maker (MKR) and 20,000 Aave (AAVE) to…

Crypto Security Firm Ironblocks Builds ‘Firewall’ for DeFi Protocols

Because the service is free to use, it is not meant to be a direct moneymaker for Ironblocks, an Israeli startup that last raised $7 million in venture funding in early 2023. Instead, it’s a feeder for the company’s other crypto cyber defense products including the upcoming “Venn Security Network,” according to its website. Dadosh was hesitant to discuss what the network would look like. Source

Donald Trump stands with crypto as top defi coins rally

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid Donald Trump’s support for crypto, Bitcoin, Ethereum, Avalanche, Solana, and KangaMoon are gaining momentum as optimism grows in the market. In the midst of Donald Trump’s announcement that if he wins the 2024 US presidential election, he will support the future of crypto, crypto enthusiasts maintain optimism while Bitcoin, Ethereum, Avalanche, Solana and one of the new defi coins KangaMoon gain momentum. Let us find out more.  KangaMoon:…

Uniswap Vote Delay Shows DeFi Stakeholders Aren’t All in It Together

Talks again arose about fee switch activation with the launch of Uniswap V3. GFX Labs, maker of the Oku, a front end interface for Uniswap, proposed a plan that would test out the protocol fee distribution on a few pools on Uniswap V2 that received a lot of attention. But talks ultimately fizzled out, due in part to concerns that activation might drive LPs and liquidity away from the platform, as well as legal fears. Source

Hitting the iceberg’s tip: the untapped potential of Bitcoin defi

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Since its launch in 2009, Bitcoin has emerged as a hedge against inflation. Some countries like El Salvador even made it a legal tender. In March 2024, the market valuation of BTC’s circulating supply reached $1.4 trillion, surpassing silver to become the 8th most valuable property globally. Despite BTC’s dominance over other cryptocurrencies, most of BTC remained dormant in user wallets. BTC’s huge liquidity reserves stayed underutilized…

Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms

In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last year, digital assets worth $59.3 million were lost to similar attacks. Gala Games, which incurred a loss of $21 million, and Sonnefinance with $20 […] Source CryptoX Portal

Metaplex Announces Introduction of Hybrid Defi Protocol for Solana

Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a fixed number of tokens assigned by the designers of each artistic collection. Metaplex Aims to Extend Hybrid […] Source CryptoX Portal