The launch comes after restaking platform EigenLayer started to threaten Lido’s dominance in Ethereum DeFi. Source
Lido Introduces 'Restaking Vaults' in Collaboration with Symbiotic, Mellow Finance
Tag: finance
Modi Reappoints Nirmala Sitharaman as India’s Finance Minister — Investors Remain Concerned Over High Crypto Taxes
Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as Finance Minister Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister, extending her tenure that began in 2019. Sitharaman, who delivered her sixth […] Source CryptoX Portal
Decentralized Finance Is Poised to Transform Bitcoin
Despite bitcoin being the original cryptocurrency and corresponding blockchain, its functionality has been extremely limited up to this point relative to the smart contracts and decentralized finance (DeFi) functionality offered by Ethereum, Solana and other blockchains. However, this dynamic is set to change with the emergence of Bitcoin Layers, the meta-protocols, sidechains, layer 2’s and other technologies currently being built on the Bitcoin blockchain. These layers will enable faster payments, as well as lending, enhanced functionality of fungible and non-fungible tokens, decentralized exchanges, GameFi, SocialFi and many other use cases.…
Crypto Lending Firm Maple Finance Unveils Syrup Yield Platform and Rewards Token
Maple’s Syrup promises users yields of 15% by depositing Circle’s USDC stablecoin into the platform, for which those users receive LP tokens (syrupUSDC), with additional yield in the form of “Drips,” a loyalty payment derived from using the SYRUP rewards token, Maple said in a press release on Tuesday. Source
The Investment Appeal of RCO Finance (RCOF) vs. Solana’s (SOL) Speed and Render’s (RNDR) Creativity – Blockchain News, Opinion, TV and Jobs
As analysts closely monitor the future of crypto titans, learn about RCO Finance (RCOF), a new project appealing to investors seeking to diversify their portfolios. Early investors who discovered Solana (SOL) around its inception are now reaping massive profits from their decisions. Likewise, Render (RNDR) token holders were among the top gainers this past year, as their prices increased by over 300%. If you missed hopping on these trains early, don’t fret. Ventures like Solana (SOL) and Render (RNDR) keep springing up in the constantly evolving crypto space. Among the…
U.S. Treasury Says It Wants to Better Money Laundering Regulations Around Crypto, Other Illicit Finance
The U.S. Treasury Department wants to continue beefing up anti-money laundering and counter-terrorist financing efforts around digital assets, as part of its broader strategy to tamp down on illicit financing. Source
Sonne Finance exploited for $20m, offers hacker reward for returning funds
The Sonne Finance landing protocol team announced that the project was hacked for $20 million. Sonne Finance noted that the portal’s work on the Optimism network was suspended during the investigation. The attacker stole nearly $20 million of crypto assets, including currencies WETH, VELO, soVELO, and USDC.e. The hacker exploited a vulnerability in the second version of the Compound platform. Compound allows users to attack markets with a non-zero collateral ratio. The developers of Sonne Finance added markets with VELO, but due to a two-day blockage, the team needed help…
Sonne Finance Token Drops 60% After $20M Exploit on Optimism
The exploiters utilized a “donation” attack to manipulate certain markets offered by the platform, stealing various tokens before being interrupted. The incident occurred on Sonne’s platform on the Optimism blockchain. The Base blockchain version was not affected. (Think of this as a mobile application getting hacked on Apple iOS, but remaining safe on Android.) Source
Kraken enters Germany with DLT Finance partnership
Crypto exchange Kraken is expanding its footprint across European markets with a partnership to service German clients. According to a press release, Kraken reached an agreement with BaFin-licensed DLT Finance, a brand of crypto service providers DLT Securities GmbH and DLT Custody Gmbh, to activate digital asset facilitates for users in Germany. This year, Germany and Europe have been showcased as hot spots for crypto adoption. As crypto.news reported, several German cities showed leading interest in the Bitcoin (BTC) halving, and the crypto banking sector is dominated by European providers. …
Finance Expert Raoul Pal Says 20% Bitcoin Correction Only Temporary As Euphoria Will Return
Co-founder and Chief Executive Officer (CEO) of Real Vision, Raoul Pal has shed light on the current market state and the future outlook of Bitcoin, the world’s largest cryptocurrency. Despite the cryptocurrency witnessing declines of more than 15%, the financial expert has uncovered a significant pattern that indicates a potential bull flag following Bitcoin’s price correction. Crypto Expert Unveils “Banana Zone” Rally For Bitcoin In an X (formerly Twitter) post published on Tuesday, April 28, Pal shared a yearly chart depicting Bitcoin’s price movements from October 2023 to April 2024.…