According to its website, Rocket Pool, which offers 3.33% APY for staking ether (ETH), has more than 779,000 ETH, worth about $1.4 billion, making it the third most popular liquid staking platform by total value locked behind Lido and Coinbase, per blockchain analytics firm DefiLlama. Source
Binance Labs, the venture arm of cryptocurrency exchange Binance, has invested $5 million in Curve (CRV), the namesake token of the decentralized stablecoin trading platform. “Curve is the largest stableswap and second-largest DEX [decentralized exchange], with approximately $2.4B in total value locked and $215M in daily volume at the time of writing,” Binance Labs said in the Aug. 10 announcement. Yi He, Binance’s co-founder and head of Binance Labs, said the firm is pledging its full support to the DEX “given recent events that have impacted the protocol.” The firm…
The proposals, which aim to disable CRV borrowing and decrease Aave’s exposure to Curve’s native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov. Source
“Curve is the largest stableswap, and as a key protocol in DeFi it has contributed to the steady growth of the space in 2023,” said Yi He, co-founder of Binance and head of Binance Labs. “Given the recent events that have impacted the protocol, Binance Labs has offered our full support to Curve through our investment and strategic collaboration. We view this cooperation as a starting point and look forward to working together to further propel the growth of the DeFi ecosystem.” Source
Sweezey told CoinDesk that in his new role at Smart Token Labs, he hopes to highlight how smart tokens can help onboard more users to Web3 by removing the technical barriers to entry, such as opening a crypto wallet. He explained that smart tokens can live on or off-chain, in an Apple Wallet or an email address, which makes it easier for new users to enter the space without needing to first set up a crypto wallet. Source
OKB, the native cryptocurrency of the OKX exchange, has made a solid comeback after a lackluster performance in the latter half of July. As August dawned, the token’s price roared back to life, sparking optimism among investors and enthusiasts. The rally began during the first week of August, when OKX exchange’s investment arm announced a substantial $1 million Series A stake in Moonbox, a Hong Kong-based artificial intelligence and Web 3 startup, which garnered attention as an innovative player in the tech industry. The strategic investment not only infused fresh…
Some $33 million worth of the tokens are set to be unlocked and tradeable on the open market. Source
SEI’s circulating supply upon listing will be 1.8 billion or 18% of the total supply of 10 billion, per Binance. So, at an early price of 26 cents, the cryptocurrency will have a market cap of $486 million and rank among the top 100 cryptocurrencies. As of now, SEI is not available for trading on any cryptocurrency exchange, according to data tracked by Coingecko. Source
Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises. This will be achieved by enabling the Aptos Network to tap into Microsoft’s Azure OpenAI service to explore innovations in asset tokenization, on-chain payments and central bank digital currencies, Aptos explained in an Aug. 9 statement. Today, we’re making Aptos history.@AptosLabs is partnering with @Microsoft to unlock Web3 on the @Aptos_Network. As an @msPartner, our joint suite…
Rollbit revenues crossed over $2 million in the past 24 hours across various services, data shows. This means a significant amount – after costs – will use to fund RLB purchases daily. Source