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DeFi – Decentralized Finance

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June 2024

21Shares files for spot Solana ETF

21Shares files for a spot Solana ETF, a day after VanEck submitted its application for a similar product with the SEC.

VanEck files for Solana ETF

Recent analysis points to a potential bottom in Bitcoin’s value, with key metrics signaling a turning point.

Fantom Foundation invests US$120 mln in Sonic blockchain

Fantom Foundation’s $120 million investment aims to expand the Sonic blockchain network, enhancing DeFi accessibility.

Crypto investigator exposes Shkreli as DJT token creator

Blockchain detective ZachXBT identifies Martin Shkreli as DJT token creator, earning a US$150,000 reward from Arkham Intelligence.

TON blockchain’s TVL soars past US$600 mln, signaling growth

The Open Network (TON) has achieved a record Total Value Locked (TVL) of $608 million, indicating a thriving ecosystem and increased investor trust.

Telegram’s TON blockchain eclipses Ethereum in daily users

TON blockchain surpasses Ethereum in user activity, leveraging Telegram’s extensive user base for growth.

ZKsync to distribute billions of tokens airdrop

ZKsync airdrops 3.675 billion tokens to users, enhancing Ethereum’s Layer 2 governance.

Friend.tech to leave Base for own blockchain

Friend.tech’s transition to a proprietary blockchain, Friendchain, prompts user concerns and market fluctuations.

May 2024

JPMorgan questions SEC’s crypto ETF expansion plans: The Block

JPMorgan casts doubt on the likelihood of further SEC approvals for crypto ETFs after Ethereum ETF nod.

House members urge SEC to approve Ethereum ETFs

Bipartisan lawmakers call on SEC for consistent crypto ETF standards as decision looms.

Fidelity adjusts Ethereum ETF plan, excludes staking rewards

Fidelity’s updated ETF filing drops staking options amid regulatory concerns, impacting the crypto investment landscape.

Grayscale Investments names Peter Mintzberg as CEO

One of the world’s largest digital currency asset management company has changed CEOs.

Tornado Cash crypto mixer developer gets 64 months in prison

Dutch court convicts Tornado Cash creator for aiding in crypto crimes.

April 2024

North Korean hackers laundered US$200 mln in stolen crypto, says blockchain sleuth

Lazarus Group’s crypto laundering operation exposed by on-chain investigator.

Hong Kong debuts Bitcoin and Ethereum ETFs

Hong Kong’s first spot Bitcoin ETFs rise on first trading day as Ether ETFs drop.

SEC expected to deny Ethereum ETFs: Reuters

The SEC signals a cautious crypto stance, likely rejecting Ethereum ETFs and delaying Bitcoin ETF options.

Hong Kong to debut Bitcoin and Ethereum ETFs on April 30

City’s first spot cryptocurrency ETFs to offer regulated investment options.

SEC postpones Ethereum ETF decisions

The SEC extends review of Ethereum ETFs and requests public comments on BlackRock’s proposal, casting uncertainty on May approvals.

Crypto funds worth millions unclaimed in bridges

Arkham Intelligence reveals unclaimed crypto, including Ethereum co-founder’s assets, in bridge contracts.

Tether Launches on TON Blockchain with USDT, XAUT

Stablecoin issuer Tether has expanded to The Open Network with its USDT and gold-backed XAUT tokens, aiming to enhance liquidity.

OKX debuts Ethereum L2 network X Layer

OKX’s X Layer promises faster, cheaper Ethereum transactions with enhanced security.

STEPN launches $30 mln airdrop ahead of brand partnership

Web3 fitness app STEPN rewards users with a $30 million airdrop as it prepares for a major brand collaboration.

Solana DeFi Marginfi CEO resigns, sparking fund exodus

Marginfi’s CEO departure leads to a $100M withdrawal and a 25% TVL decline.

Hacker nearly nets US$50K in Wormhole airdrop

Wormhole team prevents hacker from claiming airdrop tokens.

Ethereum layer-2 market cap to reach US$1 trillion by 2030, VanEck predicts

VanEck forecasts a $1 trillion market cap for Ethereum Layer-2 networks by 2030, highlighting their scalability and efficiency.

Ethereum restaking sparks risk concerns: Coinbase

Ethereum’s restaking protocols reach $13 billion TVL, raising questions about potential risks.

Telegram enables Toncoin for ad payments, shares profits with channels

Telegram introduces a new feature allowing channel owners to earn 50% ad revenue in Toncoin.

March 2024

Ethereum validator count passes one million

Ethereum’s security strengthens as validator numbers reach a new milestone.

Fantom’s Sonic upgrade to elevate DeFi and transaction speed

Sonic upgrade promises 2,000 TPS boost and improved DeFi for Fantom users.

Cardano’s USDM stablecoin set for April retail launch

Cardano’s new USDM stablecoin, developed by Mehen Finance, is slated for a retail rollout in April.

PancakeSwap sets eyes on v4 launch

New PancakeSwap upgrade introduces hooks, lower gas costs, and custom pools, aiming to enhance DeFi trading experience.

Senators urge SEC to halt crypto ETF approvals amid concerns

U.S. Senators Jack Reed and Laphonza Butler have expressed concerns over the approval of crypto ETFs beyond Bitcoin.

MakerDAO to launch ‘Endgame’ phase with new tokens this summer

MakerDAO’s Endgame plan introduces new tokens and features to enhance user engagement and target mass adoption.

Wormhole launches 617 mln token airdrop to boost decentralization

Wormhole’s airdrop of 617 million W tokens aims to decentralize governance and reward community engagement across multiple blockchains.

EigenLayer’s DeFi TVL hits $10 billion, secures major deal

EigenLayer’s total value locked reaches $10 billion, flipping Maker to become the third-largest DeFi protocol.

February 2024

First ERC-404 passes US$32,000

ERC-404 is a new Ethereum token standard for semi-fungible tokens.

Ethereum sets March 13 for Dencun upgrade

The Ethereum network is poised for a significant upgrade this March, with the Dencun update focusing on proto-danksharding.

Ethereum staking hits milestone: over 25% of supply now locked

Despite the Shapella upgrade allowing withdrawals, Ethereum’s proof-of-stake transition continues to attract validators, with over 30 million Ether staked.

SocialFi’s next big hit? Friendzone set to launch on Polygon

Friendzone is poised to challenge traditional social media models with its blockchain-powered SocialFi application on the Polygon network.

BNB Chain highlights DeFi, gaming and AI in 2024 roadmap

The “One BNB Paradigm” aims to streamline BNB Chain’s ecosystem, focusing on DeFi, gaming, and AI.

January 2024

Floki Inu staking halted in Hong Kong after SFC warning

Floki Inu suspends its staking program in Hong Kong following regulatory warnings.

Solana’s Jupiter trading volume skyrockets ahead of JUP airdrop

Jupiter Exchange experiences a trading boom as the Solana community awaits the upcoming JUP airdrop.

Hong Kong sees first spot Bitcoin ETF application

Hong Kong could welcome its first spot Bitcoin ETF, courtesy of Harvest Global’s recent filing.

SEC postpones verdict on Grayscale’s spot Ether ETF

Ether ETF hopefuls on hold as SEC postpones decision.

Terraform Labs Seeks U.S. bankruptcy shield

Do Kwon-founded Terraform Labs files for Chapter 11 bankruptcy in the U.S.

SEC delays Fidelity’s Ethereum ETF decision

Fidelity’s bid for a spot Ethereum ETF hits a snag as SEC delays decision.

CoinShares acquires Valkyrie expands ETF offerings

With the acquisition of Valkyrie Funds, CoinShares aims to strengthen its position in the competitive ETF market.

Ethereum outperforms Bitcoin despite ETF debut

Ether’s price rises sharply, contrasting with Bitcoin’s stagnant performance despite recent ETF launches.

Spot Bitcoin ETFs launch in U.S. markets

Grayscale and BlackRock’s ETFs lead a bullish debut for newly listed Bitcoin ETFs.

SEC’s cybersecurity in question after ETF tweet blunder

Following a misleading tweet about Bitcoin ETFs, Senators Vance and Tillis demand answers from the SEC regarding its cybersecurity measures.

Valkyrie CIO eyes US$400 mln inflow in the first week of Bitcoin ETF launch: The Block

Steven McClurg says Valkyrie Investments may be poised for a historic ETF launch this week, with the potential to inject up to US$400 million into the market.

Bitcoin ETF applicants make swift amendments to filings following SEC’s response

Imminent SEC decision on Bitcoin ETFs could mark a watershed moment for crypto, spearheaded by industry giants BlackRock and VanEck, reshaping the investment world.

BNB Chain Fusion may unify BEP-2 and BEP-20 by 2024

BNB Chain’s merger plans aims for a seamless and secure blockchain by April 2024

November 2023

Let’s use Web3 to grow projects that fight climate change

The most promising carbon offset programs can still wither and die from financing distress. Blockchain technology can help them survive and bear fruit.

UBS allows crypto ETFs for Hong Kong investors with at least US$2 mln assets

Three SFC-authorized crypto ETFs will be available on UBS’ Hong Kong platform.

Blackrock files for Ether ETF: ETH tops US$2,100

BlackRock’s Ether ETF filing comes as the U.S. SEC entered an eight-day window to potentially approve pending Bitcoin ETF applications.

Ether breaches US$2,000 as BlackRock registers iShares Ethereum Trust entity

Ether rose to an over six-month high of US$2,045.

SEC in talks with Grayscale for Bitcoin ETF: CoinDesk

The SEC has reportedly been in contact with Grayscale since its court victory in August.

Bitcoin breaks US$36,000 as SEC enters potential ETF approval period

Bitcoin is up over 32% in the past month.

Moody’s unveils AI that predicts stablecoin depegging

The artificial intelligence service is designed to predict the depegging of stablecoins in 24-hours.

ProShares launches short Ether ETF

The new ETF will offer investors short exposure to Ether.

October 2023

Neo sets sights on DeFi, unveils EVM-compatible sidechain

Neo’s new sidechain hopes to counter MEV attacks to mitigate exploits and manipulations.

Bitcoin soars amid buzz of potential ETF approval: Is a crypto renaissance on the horizon?

Top blockchain and crypto news: Bitcoin ETF potential pumps life in markets. Ethereum NFTs back on rise. Major industry layoffs continue.

Is TradFi’s entry into DeFi a turning point or a sign of greater battles ahead?

The pillars of Wall Street are muscling their way into crypto and decentralized finance. Who stands to benefit the most?

Bitcoin briefly rallies above US$30,000 following Grayscale’s new ETF application

Bitcoin gained over 10% this past week, boosted by Grayscale’s renewed spot Bitcoin ETF application.

Grayscale files for new spot Bitcoin ETF on NYSE Arca

Grayscale said that its fund is ready to operate as an ETF upon regulatory approval.

Binance’s rollercoaster week: expansion, setbacks, and the ghost of FTX’s collapse

Top blockchain and crypto news: Is Japan a new frontier for Binance? AI art sweeps NFT sales. ETF buzz electrifies Bitcoin.

Fake BlackRock ETF news prompts US$57 mln in Bitcoin long liquidations

Bitcoin briefly spiked to US$29,388 after the fake post, before tracing back the gains.

ESMA says DeFi can bring greater financial inclusion, but warns of volatility risks

The regulator said that DeFi doesn’t pose a risk to financial stability, due to its small size, but said it needs to be monitored in the future.

Crypto investment products record highest inflows since July: CoinShares

Inflows in cryptocurrency investment products reached US$78 million last week, the highest volume since July, according to crypto asset manager CoinShares.  See related article: Alameda had a US$65 bln line of credit, says FTX co-founder Gary Wang Fast Facts See related article: DOJ seeks to block Bankman-Fried from bringing up Anthropic fundraise in court

Bitwise to launch two Ethereum Futures ETFs

Bitwise Asset Management, a U.S.-based cryptocurrency index fund, announced that its two Ethereum futures exchange-traded funds (ETFs), the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), will start trading on Monday, Oct. 2.  See related article: Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024 […]

September 2023

SEC Chair Gensler faces bipartisan backlash over strict crypto regulations

Top blockchain and crypto news: U.S. lawmakers berate SEC over ETF applications. NFTs down but not dead. Hong Kong sees year’s biggest crypto heist so far.