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DeFi News
Cryptoslate
6d
347
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Polygon accuses Aave of monopolistic practices amid DeFi dispute
- Polygon accuses Aave of adopting monopolistic practices amid a DeFi dispute.
- The dispute is centered around a proposal to allocate locked bridge funds to yield-generating strategies, which Aave opposes.
- Polygon accuses Aave of resorting to threats and practicing monopolistic tactics.
- Aave defends its stance, stating that it acted in the interest of user security.
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TechBullion
6d
376
Image Credit: TechBullion
This Startup Aims to Be The Google Search Engine for Smart Contract Risk and Intelligence
- Trugard aims to be the “Google Search Engine” for smart contract risk and intelligence by providing actionable insights into the risks hidden in smart contracts.
- Smart contracts automate processes without intermediaries but their vulnerabilities expose billions of dollars to risk, so Trugard uses AI and machine learning to tackle this complex space.
- Trugard develops an AI engine that evaluates smart contract risk by using dynamic analysis to predict how contracts will behave in different scenarios, to find both current and potential risks such as DeFi exploits.
- The platform provides actionable recommendations to fix vulnerabilities so developers can secure their code before deployment and offers visibility into digital asset exposure for enterprises, as well as intelligence for wallet providers and custodians to secure transactions.
- Trugard’s full stack approach sets it apart from other blockchain security companies because it is built to detect and fix vulnerabilities while proactively mitigating risks.
- As the demand for robust security solutions grows in the blockchain industry, platforms like Trugard are building a safer, more resilient blockchain future.
- Trugard has partnerships with companies like Thirdwave and FYEO to add intelligence and tackle smart contract honeypots, respectively, and will continue to expand to serve more people and launch predictive analytics capabilities.
- Jeremiah O’Connor and Anoop Nannra co-founded Trugard Labs to address the critical gaps in security within the blockchain ecosystem and build trust in decentralized ecosystems.
- Smart contract risk intelligence is a must-have in the rapidly evolving and high-risk landscape of blockchain, and Trugard has the technology, partnerships, and vision for the future to meet this demand.
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Bitcoinist
6d
12
Image Credit: Bitcoinist
Anti-Crypto SEC Commissioner Caroline Crenshaw To Depart, No Plans For Reappointment
- The Senate Banking Committee has canceled its vote on the reappointment of SEC Commissioner Caroline Crenshaw.
- Crenshaw, known for her critical stance on Bitcoin and other digital assets, will not secure a nomination for her position.
- Cryptocurrency lobbyists and industry leaders have denounced Crenshaw's record and criticized her for blocking Bitcoin ETFs.
- The cancellation of her renomination vote indicates efforts by crypto lobbyists for a more crypto-friendly commissioner in the future.
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Cryptonews
7d
327
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Pyth Network to Launch Real-Time Oil Data Feeds, Enabling Onchain Oil Derivatives in DeFi Applications
- Pyth Network has launched real-time oil market data feeds for West Texas Intermediate (WTI) and Brent Crude Oil.
- The new price feeds will enable DeFi applications such as oil-based derivatives and perpetual futures.
- Pyth's data feeds aggregate information from trusted sources and can be accessed on over 80 blockchain networks.
- Storm Trade will be the first protocol to integrate Pyth's oil price feeds.
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Medium
7d
8
Image Credit: Medium
Introducing NFTB of PixelRealm
- Blockchain gaming utilizes the power of blockchain and native governance tokens to empower gamers and offer unique features within games.
- The play-to-earn model in blockchain games allows players to convert their in-game efforts into real money.
- NFTb is a community-owned, open-source NFT marketplace built on Binance Smart Chain (BSC) with plans to expand to other blockchains.
- PixelRealm is a decentralized gaming platform that aims to be a leader across blockchains, providing a seamless user experience and profitable opportunities for creators.
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Cryptoslate
7d
262
Image Credit: Cryptoslate
Bitwise predicts Ethereum revival in 2025 driven by institutional interest, RWA growth
- Ethereum (ETH) is predicted to experience a revival in 2025, driven by institutional interest and the tokenization of real-world assets (RWAs).
- Recent trends show a reversal of sentiment, with Ethereum ETFs attracting $2 billion in net inflows over the past 10 days.
- The tokenization of RWAs presents a $100 trillion global opportunity, with Ethereum holding 81% of the market.
- Ethereum's dominance is attributed to its reliable and decentralized smart contract platform, along with potential regulatory tailwinds.
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99Bitcoins
7d
153
Ethereum DeFi Sector on the Rise as This AI Altcoin Prepares to Launch Innovative Trading Solution
- The Ethereum DeFi sector continues to dominate the decentralized financial market, accounting for 64% of Total Value Locked (TVL) compared to other networks.
- RCO Finance, an upcoming AI altcoin, plans to launch an AI-powered Robo Advisor in 2025 to optimize investment decisions in the DeFi ecosystem.
- The Robo Advisor uses artificial intelligence to evaluate market movements in real time and helps traders access complex financial techniques.
- RCO Finance's native token, RCOF, powers the platform's liquidity management system and is used for reward distribution and community interaction.
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Tokenhell
7d
370
How to Swap Tokens Between Solana and Base – A Comprehensive Guide
- This guide explains how to swap tokens between Solana and Base using token bridges.
- The first step is to set up wallets compatible with Base and Solana, such as MetaMask for Base and Phantom for Solana.
- Next, you need to acquire SOL and ETH for transaction fees on Base and Solana.
- Then, you can select a cross-chain bridge such as Wormhole Bridge, Allbridge, or Rango Exchange.
- Lastly, connect your wallets to the selected bridge and initiate the token swap.
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Medium
7d
395
Image Credit: Medium
Why We Invested: LYNC
- LYNC aims to capture the vast, untapped potential of the mobile crypto market by providing a mobile-first development stack to empower developers to create scalable mobile Web3 applications.
- The majority of Web3 projects are developed exclusively for browser use, leaving the mobile sector underexplored and its potential largely unrealized. This highlights the immense opportunity for growth in mobile crypto applications.
- LYNC's mobile-centric Layer 2 solution provides innovative programming language and the advanced BlockSTM engine, high transaction throughput, low gas fees, and transaction settlement on Ethereum to maintain security and decentralization.
- The developer modules and Software Development Kit (SDK) provided by LYNC enable developers to rapidly create mobile Web3 applications, cutting development time by up to 90% while eliminating the need for in-depth blockchain knowledge.
- LYNC's business model is designed to democratize access to Web3 technology by delivering a rich array of developer tools and modules that simplify the development process, empowering developers to deploy high-performance solutions with speed and agility.
- LYNC is architected for scalable efficiency while creating multiple channels for revenue generation. LYNC's platform is intentionally built to capture value as user adoption scales, ensuring sustainable long-term growth and attractive profit margins.
- LYNC's vision is to onboard 7B+ smartphone users on-chain and empower solopreneurs, developers, and founders with highly scalable roll-up to build crypto native mobile applications and games.
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Medium
7d
145
Image Credit: Medium
How AI Can Help Bring DeFi to the Masses
- Decentralized Finance (DeFi) aims to replace traditional financial systems by operating on decentralized networks.
- DeFi faces challenges in terms of technical complexity and user-friendliness, inhibiting widespread adoption.
- The integration of AI and DeFi can enhance accessibility, efficiency, and decision-making in the financial sector.
- Korra Finance is a DeFi platform that utilizes AI to simplify and enhance the DeFi experience by offering personalized guidance and automated investments.
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Medium
7d
216
Image Credit: Medium
What is ERC-7265? Securing the Future of Decentralized Finance
- ERC-7265 is an Ethereum token standard that focuses on security within DeFi applications.
- ERC-7265 introduces a circuit breaker mechanism, allowing developers to pause token transfers in response to suspicious activities or attacks, which is crucial for protecting users’ assets against hacks and exploits.
- The introduction of ERC-7265 is particularly timely given the increasing sophistication of cyberattacks targeting DeFi platforms.
- Traditional security measures have proven insufficient against sophisticated attacks in the DeFi space.
- ERC-7265 provides immediate protective measures and instills a sense of security among users, encouraging broader participation in decentralized finance.
- ERC-7265 comes with four key features: circuit breaker mechanism, threshold settings, compatibility with existing standards, and a focus on upgradable protocols.
- ERC-7265 can be integrated into DeFi ecosystems without disrupting existing functionalities.
- ERC-7265 offers increased user confidence, mitigation of financial losses, enhanced reputation, and support for regulatory compliance.
- Challenges include dependency on upgradable protocols, potential misuse of circuit breaker, and community acceptance.
- ERC-7265 can be applied to DeFi lending platforms, decentralized exchanges, insurance protocols, and yield farming platforms.
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Medium
7d
279
Image Credit: Medium
What is Zero-knowledge? Real World Examples
- Zero knowledge is a cryptographic technique that allows someone to prove the authenticity of data without revealing the data itself.
- Zero knowledge is a way of proving that you know something without revealing what that something is.
- Zero knowledge proofs rely on complex mathematical algorithms that allow someone to prove the authenticity of data without revealing the data itself.
- Zero knowledge has a wide range of applications, from proving ownership of digital assets to enabling private and secure transactions.
- zk-STARKs, zk-SNARKs, and zk-rollups are all advanced cryptographic technologies used in the blockchain industry to enhance privacy, security, and scalability.
- zk-STARKs are more transparent than zk-SNARKs, making them more resistant to attacks and easier to audit.
- zk-rollups allow blockchains to process a large number of transactions without sacrificing security or decentralization.
- Several crypto companies are currently using zero knowledge technology in their products and services, one of them is Orochi Network; The World First ZK Modular DA Layer.
- If you need to scale quickly and maintain high levels of security and decentralization, zk-rollups may be the best choice.
- By understanding the strengths and weaknesses of each of these approaches, you can make an informed decision that will help you achieve your goals and build a successful blockchain project.
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TechBullion
7d
387
Image Credit: TechBullion
Up Close with WolfSwap on Cronos: A DeFi Cross-Chain DEX Changing the“Game”
- WolfSwap marks a successful year of growth in DeFi as a gamification-focused, cross-chain decentralized exchange on the Cronos blockchain.
- WolfSwap's trading volume reached $100 million for the year amid renewed confidence in its user-focused design and the deep provision of liquidity in multiple blockchain networks.
- Its user base now spans over 10 countries, with high levels of engagement and over 3,000 transactions processed on average per day.
- WolfSwap’s incorporation of gamified elements such as DeFi Leaderboards, Mystery Boxes, Trading Competitions and Achievements, encourage and motivate users, with significant results.
- On the platform, traders can benefit from cutting-edge functionality and tools, from the low fees, high transaction rates, community-centric development to the global reach and user success stories in diverse markets.
- WolfSwap aims to continue its growth in 2025 with strategic initiatives on user experience, platform expansion, and educational support.
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Bitcoinist
7d
54
Image Credit: Bitcoinist
FTX Announces Effective Date For Chapter 11 Reorganization Plan: January 3, 2025
- The defunct cryptocurrency exchange FTX has announced the effective date for its Chapter 11 reorganization plan.
- On January 3, 2025, the plan will take effect and serve as the initial distribution record date for allowed claims in the plan's Convenience Classes.
- FTX has partnered with BitGo and Kraken to facilitate the distribution process to affected customers and creditors.
- FTT, FTX's native token, has experienced significant impact from the news, with current gains of 23% over the past two weeks and 52% over the past month.
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Crypto-News-Flash
1w
125
Image Credit: Crypto-News-Flash
Hedera Teams Up with Chainlink to Advance DeFi and Tokenized Real-World Assets
- Hedera integrates with Chainlink to enhance DeFi and tokenized real-world assets.
- The collaboration brings Chainlink's Data Feeds and Proof of Reserve to the Hedera ecosystem.
- These tools ensure transparency, improve risk management, and promote liquidity in DeFi.
- The HBAR Foundation's participation in Chainlink's SCALE program reduces developer costs and drives innovation.
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