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DeFi News
Bitcoinist
2w
325
Image Credit: Bitcoinist
Senate Fast-Tracks Stablecoin Legislation Despite Opposition From Elizabeth Warren
- The US Senate Banking Committee has advanced the GENIUS Act, aimed at regulating stablecoins, through a bipartisan vote.
- The proposed bill seeks to provide regulatory clarity and oversight to stablecoins, enabling cheaper and faster transactions.
- Senator Elizabeth Warren has expressed concerns about the bill, citing potential risks to consumers and the broader economy.
- The GENIUS Act includes provisions for reserve backing, licensing requirements, and transparency measures for stablecoin issuers.
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19 Likes
Hackernoon
2w
377
Image Credit: Hackernoon
The Coldware Edge
- Coldware (COLD) is gaining ground and challenging Solana's dominance in the cryptocurrency market through its innovative approach to Web3 devices and decentralized applications.
- Solana (SOL), once a dominant player, is facing technical setbacks and network congestion issues that have impacted its price performance, leading investors to explore alternatives like Coldware (COLD).
- Coldware's focus on Web3 adoption and user experience gives it an edge over Solana, pushing the boundaries of what is possible in the decentralized space.
- The race for crypto market dominance will intensify, and with Coldware's momentum and rapid growth, it is a project to watch in the coming months.
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22 Likes
Tokenhell
2w
360
Image Credit: Tokenhell
Coinbase Bans FLOKI, GIGA, And TURBO Memecoins Trading In New York
- Coinbase is banning the trading of FLOKI, GIGA, and TURBO memecoins in New York.
- The decision was made after Coinbase's regular review procedure and could be influenced by ongoing legal issues in New York.
- Memecoins are gaining traction in the crypto market, but their prices are known to be influenced by the 'Coinbase Effect.'
- Pump.fun, a platform built on Solana, is facing a decline in its memecoin graduation rate, reflecting diminishing interest in the industry.
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Bitcoinist
2w
321
Image Credit: Bitcoinist
CZ Dismisses Rumors Of Trump Family Talks To Acquire Stake In Binance US
- Changpeng Zhao (CZ), the founder and former CEO of Binance, has denied rumors of Trump family talks regarding acquiring a stake in Binance US.
- The Wall Street Journal reported negotiations between representatives of the Trump family and Binance's US arm, which CZ has refuted in a recent post on social media.
- Bloomberg had previously reported discussions between the Trump family's project and Binance, suggesting potential collaboration for a US dollar-backed stablecoin.
- Binance faced challenges with legal issues in the US, including charges from the Department of Justice and a settlement of $4.3 billion in 2023, with CZ stepping down as CEO.
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19 Likes
Blockonomi
2w
34
Image Credit: Blockonomi
Trump-Backed World Liberty Financial Completes $550 Million Token Sale
- World Liberty Financial (WLFI), a project backed by Donald Trump, completed its token sale, raising between $550-590 million.
- Initial fundraising fell short at $11 million against a $300 million target, but demand later surged.
- All purchased WLFI tokens remain locked for 12 months and serve only as governance tokens.
- The project’s portfolio has already suffered market-related losses of $110 million as of March 10.
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2 Likes
Global Fintech Series
2w
160
Image Credit: Global Fintech Series
fija Partners with softstack in Smart Contract Auditing
- Germany’s leading blockchain security firm softstack conducted four independent smart contract audits for fija.
- Over 50 vulnerabilities were identified and mitigated, reinforcing the robustness of fija's security model.
- The audits focused on securing critical components such as the vault & core protocol, curve & convex strategies, and GMX & Aave optimizer.
- DeFi security is crucial, with billions lost to hacks and exploits in 2024 alone, highlighting the need for comprehensive audits.
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9 Likes
Cryptonews
2w
17
Image Credit: Cryptonews
As ETH Slide Continues, Exec Says Further Decline Will Result in $336 Million DeFi Sell-Off
- Ethereum is facing pressure due to leadership issues and declining on-chain metrics.
- Ethereum's value has dropped 52% over the past year, with a potential for further decline.
- Concerns arise from a $130 million ETH-backed loan in Sky, highlighting the risk in crypto-backed loans.
- Kevin Rusher suggests integrating real-world assets into Ethereum's DeFi ecosystem to mitigate overleveraging and potential liquidations.
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1 Like
Hackernoon
2w
356
Image Credit: Hackernoon
Coldware's Presale Growth Hits $1.5M
- Coldware (COLD) has raised $1.5 million in its presale, gaining attention from investors.
- The project's decentralized model and tokenization platform are key factors driving interest.
- Coldware's integration with DeFi applications offers new opportunities for traders and investors.
- With rapid growth and increasing interest, Coldware has the potential to become a major player in the blockchain space.
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21 Likes
Hackernoon
2w
347
Image Credit: Hackernoon
Coldware’s IoT-Ready Blockchain
- Coldware (COLD) is a Web3 platform integrating IoT with blockchain technology.
- The platform offers features catering to the next generation of blockchain technology and IoT devices.
- Coldware (COLD) aims to bring real-world use cases to the blockchain space and positions itself as a competitor to Avalanche (AVAX).
- With its IoT integration and mobile-first approach, Coldware (COLD) presents a potential shift in market dominance.
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20 Likes
TronWeekly
2w
60
Image Credit: TronWeekly
Hyperliquid’s Liquidation Chaos: Bybit CEO Has a Warning For DEXes
- A whale manipulated Hyperliquid’s liquidation engine, securing a $1.8M profit while the DEX faced a $4M loss.
- Bybit CEO Ben Zhou suggests that DEXs should adopt CEX-style risk tools like market surveillance and dynamic risk limits to mitigate losses.
- High leverage trading poses risks for both DEXs and CEXs, requiring stronger risk management according to Zhou.
- Zhou believes that DEXs need to innovate their liquidation mechanisms to address such challenges in the future.
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3 Likes
Medium
2w
422
Mavryk: The Future of Digital Interaction and Empowerment
- Mavryk envisions a decentralized ecosystem focused on user empowerment and community engagement, distinguishing itself from centralized digital platforms.
- The platform utilizes blockchain technology to ensure community control and participation, offering users a stake in governance and rewards through Mavopoly points.
- Mavryk encourages active user involvement, allowing them to vote on decisions, collaborate, and earn rewards, fostering a sustainable growth model.
- The platform's tokenomics incentivize ongoing engagement, providing users with influence, exclusive content access, and a stake in shaping the platform.
- Gamification within Mavryk enhances user experiences, promoting positive competition and cooperation while blurring the lines between work and play.
- Mavryk prioritizes decentralized governance, empowering users to participate in platform direction and ensuring inclusivity and community ownership.
- The platform's commitment to inclusivity welcomes users of all backgrounds, fostering collaboration, learning, and a diverse community environment.
- Mavryk's focus on sustainability, inclusive design, and community empowerment positions it as a standout project in the digital ecosystem.
- By offering a novel approach to digital interaction, Mavryk sets a new standard for user-centric platforms that prioritize collective engagement and growth.
- As a platform that values community input and participation, Mavryk represents a shift towards more inclusive and collaborative digital spaces.
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25 Likes
Crypto-News-Flash
2w
252
Image Credit: Crypto-News-Flash
Giza Protocol Unveiled: Trustless, Context-Aware Infrastructure for DeFi Agents
- Giza Protocol introduces autonomous financial agents for DeFi ecosystems.
- Giza's AI-driven agents execute trades in under three seconds, outpacing human response times.
- The protocol addresses the limitations of previous autonomous agent models through a three-layered architecture.
- Giza combines machine learning, zero-knowledge cryptography, and decentralized execution for trustless and transparent financial computations.
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15 Likes
Crypto-News-Flash
2w
34
Image Credit: Crypto-News-Flash
Bitcoin Now Powers $8B in DeFi—Will It Boost BTC Value?
- Over $8B is now locked in Bitcoin-based DeFi protocols, signaling growing institutional interest and mainstream adoption.
- Bitcoin DeFi platforms like Babylon Labs and Lombard Finance have seen significant growth, with billions of dollars locked in their ecosystems.
- Solv Protocol, with $685 million in BTC reserves, aims to build a significant on-chain Bitcoin reserve through its yield-bearing staking token SolvBTC.BNB.
- The growing demand for BTC staking and DeFi integration is considered a potential catalyst for driving upward pressure on Bitcoin's price.
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2 Likes
Blockonomi
2w
343
Image Credit: Blockonomi
Crypto Trader Loses $215,000 in MEV Sandwich Attack on Uniswap
- A crypto trader lost $215,000 in a sandwich attack while swapping stablecoins on Uniswap v3.
- The MEV bot front-ran the transaction, leaving the victim with only $5,271 (98% loss) in just 8 seconds.
- Attacker paid block builder 'bob-the-builder.eth' a $200,000 tip and kept $8,000 profit.
- Same trader may have been attacked 6 times in one day with different wallets, losing over $480,000 in total.
- Uniswap CEO clarified these transactions didn't use their official interface, which has MEV protection.
- The attack occurred on Uniswap v3's USDC-USDT liquidity pool, emphasizing the risks of MEV bots in DeFi.
- The victim started with $220,764 of USDC, ending up with $5,271 in USDT, a 98% loss in value.
- The MEV bot executed a 'sandwich attack,' manipulating the pool liquidity to profit from the victim's swap.
- DeFi researcher suggests the trader faced 6 sandwich attacks in a day, losing a total of $480,000.
- Experts believe these attacks could be linked to money laundering tactics, utilizing MEV vulnerability for illicit purposes.
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20 Likes
TechBullion
2w
60
Image Credit: TechBullion
Strategic Bitcoin Reserve Isnt Bringing The Results Inverstors Are Looking For While Skyren DAO Is
- Bitcoin's strategic reserve disappointed investors as it reorganized existing holdings instead of boosting prices, leading to a slight BTC downturn.
- In contrast, Skyren DAO is gaining traction with its innovative Airdrop Collection model, offering diverse rewards beyond standard APY from liquidity pools.
- Skyren DAO is leveraging its first-of-its-kind DAO and AI-driven governance to maximize earnings and allocate funds efficiently.
- With a potential 216% APY and rising interest in the presale, Skyren DAO is seen as a game-changer in the DeFi space.
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3 Likes
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