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DeFi News
Medium
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STON.fi Bolsters Web3 Development with New Grant Recipients
- Farmix introduces leveraged yield farming on the TON blockchain, amplifying farming pool efficiency by allowing users to borrow against their assets for higher yields.
- Farmix supports STON.fi pools like STON/USDt, PX/TON, and STORM/TON, enhancing Total Value Locked and liquidity.
- The integration with STON.fi aims to increase security and optimize yield farming potential for users.
- TonTickets merges gaming and crypto rewards, offering in-game tickets convertible to tokens through STON.fi swap technology.
- TonTickets' integration provides flexibility and enhances user experience by enabling quick reward conversions to TON tokens.
- STON.fi's Grant Program supports innovative projects like Farmix and TonTickets to foster TON ecosystem growth.
- The program offers financial support, technical guidance, and resources to developers working on TON ecosystem projects.
- The success of Farmix and TonTickets demonstrates the vibrancy and potential of the TON ecosystem.
- STON.fi's commitment to supporting developers and innovators in the TON ecosystem signals further growth and collaboration opportunities.
- STON.fi is a zero-fee AMM on the TON blockchain, providing a simple interface and integration with TON wallets.
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Cryptonews
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Trump-Backed DeFi to Boost His Personal Wealth, Not Crypto, Says Digital Asset CEO
- The Trump-backed DeFi project, World Liberty Financial, has launched a strategic token reserve aimed at stabilizing crypto markets, but critics like CEO Alexander Blume view it as a scheme to benefit the Trump family and facilitate political bribes.
- Blume described the token reserve plan as a 'clever grift,' primarily focused on increasing personal wealth for Trump family members and enabling convenient bribery payments while evading regulations.
- WLFI's governance token, WLFI, has seen growing interest with over US$300 million sold to around 80,000 holders, despite initially lacking utility and being non-transferable.
- The announcement of the 'Macro Strategy' reserve by WLFI claims to support leading crypto projects like Bitcoin and Ethereum, but skepticism arises regarding its ability to 'bolster' the market.
- WLFI's recent actions, including selling a significant portion of its crypto assets and facing losses on purchases, raise doubts about the effectiveness of its token reserve in stabilizing markets.
- Blume highlighted that WLFI token holders will not benefit from the reserve as management retains full control and exclusive access to the assets, similar to other companies like MicroStrategy with Bitcoin holdings.
- Unlike MicroStrategy, WLFI lacks regulatory oversight to protect purchasers and ensure transparency in asset management, leading to concerns about the token's utility and security for investors.
- The overall sentiment suggests caution towards WLFI's token reserve, emphasizing the need for investors to be wary of potential risks associated with projects backed by the Trump family.
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Cryptonews
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Binance’s “CZ” Sparks Meme Coin Frenzy with Dog Name Reveal
- Binance's founder, Changpeng Zhao, revealed the name of his 18-month-old dog, Broccoli, sparking a frenzy in the memecoin market.
- DeFi users started creating memecoins to guess the name of CZ's dog, resulting in a surge of new projects in the market.
- The memecoin named Broccoli, built on Binance Chain, witnessed over $280m in trading volume within 12 hours before its price plummeted.
- The incident highlights the memecoin culture within the crypto community and the constant connection to the online world.
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Medium
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Using Decentralized AI to Accelerate Scientific Discoveries
- Decentralized AI offers scalability, faster processing, and enhanced participation, transforming scientific research by dispersing AI models and resources globally.
- Artificial intelligence (AI) plays a crucial role in healthcare, climate science, space exploration, and material science, but faces challenges like slow data processing and limited resources.
- Decentralized AI promotes collaboration, scalability, and real-time decision-making in research, overcoming issues such as data privacy concerns and slow processing speeds.
- Federated learning enables collaboration without sharing sensitive data, while edge computing speeds up data handling in time-sensitive fields like medical diagnostics.
- Blockchain technology ensures data integrity and transparency in research, enhancing reproducibility and trust in scientific discoveries.
- Decentralized AI enables global collaboration, real-time data analysis, scalability, and enhanced security, supporting rapid progress in scientific research.
- Challenges in integrating decentralized AI include data silos, complexity in adoption, computational resource limitations, and regulatory compliance, which DcentAI addresses with innovative solutions.
- Decentralized AI impacts drug research, climate science, genomics, and space exploration by facilitating collaboration, data processing, and secure data sharing.
- By enabling faster data processing, improved collaboration, and data security, decentralized AI accelerates scientific discoveries and aids in addressing global challenges.
- Moving forward, decentralized AI will continue to drive innovation in scientific research, contributing to more efficient workflows and accelerated breakthroughs.
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TronWeekly
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CAKE’s 50% Pump Hits Wall: Can It Break $2.77?
- CAKE, the native token of PancakeSwap, faces resistance at $2.77 after a 50% surge driven by renewed BNB Chain enthusiasm.
- Analysts warn of potential sharp declines following rapid market surges; traders advised to avoid chasing prices and monitor key support levels.
- BNB Chain optimism and CZ's bullish comments fueled an initial surge, but CAKE's price action hinges on breaking the $2.77 resistance.
- Traders should proceed cautiously due to market volatility and the possibility of a downturn, despite positive long-term projections for the BNB Chain ecosystem.
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Cryptonews
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ETH Gains Despite Expert Warning on ETF Inflows vs True Dominance
- Ethereum (ETH) is performing better than Bitcoin (BTC) with 5% daily gains.
- US spot Ethereum exchange-traded funds (ETFs) are receiving net inflows, while Bitcoin ETFs have experienced net outflows.
- However, an expert cautions against interpreting this as a shift in crypto dominance, stating that demand for crypto assets beyond Bitcoin is not new.
- Harz, co-founder of BOB, emphasizes that the fundamental principle of Bitcoin operating outside centralized control remains unchanged despite increasing institutional adoption.
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Medium
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Gd dey everyone!!!
- STON.fi has announced its integration with Elympics, a leading blockchain gaming platform.
- This strategic partnership brings top-tier DeFi tools to the world of blockchain gaming.
- Players can now access TON-based memecoins, offering a fun and rewarding way to engage with the platform.
- The integration of STONFI’s DEX into Elympics is set to revolutionize the world of blockchain gaming.
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Cryptopotato
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zkLend Exploited for $4.9M in ETH, Team Appeals to Hacker with 10% Offer
- zkLend, a decentralized finance lending protocol on Starknet, lost approximately 3,700 ETH ($4.9 million) in a security breach.
- Withdrawals on zkLend have been paused, and the team is investigating the incident.
- zkLend has sought help from several organizations to track the hacker and recover the stolen funds.
- In an attempt to recover the funds, zkLend offered a 10% whitehat bounty to the hacker, which ends on Valentine's Day.
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Bitcoinist
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Central African Republic Dives Into Crypto: Memecoin Launch To Fuel Economic Renaissance
- The Central African Republic (CAR) has launched a new crypto, CAR Meme, to revive its struggling economy.
- CAR previously adopted Bitcoin as legal tender and introduced Sango Coin to attract investment.
- CAR Meme, built on the Solana blockchain, has experienced significant volatility but is aimed at driving positive change in the country.
- The proliferation of memecoins extends beyond CAR, including the memecoins launched by Donald Trump and his wife Melania.
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Livebitcoinnews
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Orbs Liquidity Hub launches on Sonic after SpookySwap
- Orbs Liquidity Hub has launched on Sonic, providing gasless transactions, MEV protection, and enhanced capital efficiency.
- SpookySwap, a leading DEX on Fantom, has integrated Liquidity Hub, offering its users on Sonic the same benefits.
- Leveraging Orbs Layer-3 technology, Liquidity Hub optimizes prices and aggregates off-chain liquidity to reduce DeFi market fragmentation.
- Orbs introduces Liquidity Hub, dLIMIT, and Perpetual Hub, setting new industry standards for innovation and integration.
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Crypto-News-Flash
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TON Blockchain Unlocks Cross-Chain Potential with LayerZero Integration
- TON Blockchain's integration with LayerZero enhances cross-chain liquidity by enabling seamless fund transfers across 12 major blockchains.
- The collaboration addresses DeFi liquidity fragmentation, benefiting institutional traders and blockchain developers.
- TON Blockchain will link with 12 major blockchains including Ethereum, Tron, and Solana, allowing for effortless stablecoin transfers through Stargate.
- The integration reduces risks, improves accessibility, and streamlines the process for launching and managing digital assets across multiple blockchains.
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Bitcoinist
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SEC’s Peirce Advocates For Case-By-Case Review Of Crypto Enforcement Actions To Foster Clarity
- US Securities and Exchange Commissioner, Hester Peirce, calls for a shift in regulatory approach towards crypto enforcement actions.
- Peirce emphasizes the need for a case-by-case evaluation of enforcement actions to foster clarity in crypto regulations.
- The SEC's recent request to pause litigation against Binance reflects this shift towards developing a regulatory framework.
- Peirce leads a crypto-focused task force within the SEC to develop a comprehensive regulatory framework for digital assets.
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21 Likes
Blockonomi
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60
Unichain Launch: Uniswap Debuts Layer-2 Network, Promising Faster & Cheaper DeFi Trading
- Uniswap has launched Unichain, a Layer-2 network built on Optimism’s OP Stack, promising faster transactions and lower gas fees
- The network completed testing with over 95 million transactions and 14.7 million smart contracts deployed
- Major protocols including Circle, Coinbase, Lido, and Morpho have started building on Unichain
- Unichain features a Trusted Execution Environment (TEE) developed with Flashbots for enhanced security and trading capabilities
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Global Fintech Series
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Flow Announces Integration of LayerZero, Levels Up Omnichain DeFi & Developer Experience
- Flow integrates LayerZero, a cross-chain messaging protocol, to expand cross-chain liquidity and omnichain interoperability, unlocking new opportunities for mass adoption in DeFi.
- The partnership allows developers and users to seamlessly move assets into Flow, reducing friction and enhancing the developer and user experience.
- LayerZero's integration with Flow enables developers to bridge assets like USDC and WETH into the ecosystem and access cross-chain data for liquidity verification, tracking DeFi pricing, and optimizing financial products.
- The integration removes barriers to capital flow and positions Flow as a blockchain of the future, offering a frictionless experience and scalable, secure solutions for developers.
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8 Likes
Livebitcoinnews
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363
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Uniswap Labs Launches Unichain Mainnet for DeFi Development
- Uniswap Labs launches Unichain Mainnet, a decentralized blockchain for DeFi.
- Unichain offers 1-second block times, lower fees, and cross-chain interoperability.
- Unichain attracted a significant number of users during the Testnet stage.
- Uniswap Labs focuses on decentralization and interoperability in its development strategy.
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