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DeFi News
Bitcoinist
3w
13
Image Credit: Bitcoinist
Major Crypto Executive Accused Of Involvement In $500 Million Money Laundering Scheme
- Iurii Gugnin, the founder of a US-based crypto payments company, has been charged with orchestrating a money laundering operation involving over $530 million for sanctioned Russian banks and entities.
- Gugnin faces a 22-count indictment that includes charges of wire and bank fraud, violations of US sanctions, money laundering, and failing to implement anti-money laundering protocols.
- He allegedly used his companies to move funds through the US financial system, primarily using Tether's USDT stablecoin, and worked with clients linked to sanctioned Russian institutions.
- If convicted, Gugnin could face up to 30 years in prison for bank fraud charges alone, but a guilty verdict on all counts could result in a much longer sentence fulfilling his lifetime.
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Medium
3w
122
Private, Fast, and Fee-Friendly — Is It All True for Anonymous Crypto?
- Testing a popular cryptocurrency exchange platform in Canada that offers anonymous crypto swaps revealed ease in the transaction process without the need for verification.
- While the platform promises fast execution, the actual speed can be affected by blockchain delays, especially for coins with high congestion.
- Regarding fees, the platform claims low fees, but users should consider the hidden cost in the exchange rate; however, for smaller swaps, the price difference may be negligible.
- Anonymous trading on such platforms emphasizes privacy but lacks traditional safeguards and relies on the user's understanding of the risks involved in crypto transactions.
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Bitcoinsensus
3w
328
Image Credit: Bitcoinsensus
Best Yield Farming Platforms 2025: Top DeFi Picks for Passive Income
- DeFi has seen rapid evolution, offering unique financial solutions and growing opportunities for passive income in crypto.
- Key components like AMMs, lending protocols, and stablecoin pools form the foundation of yield farming sites.
- Platforms like Uniswap utilize AMMs, while Aave focuses on lending and decentralized oracles for passive income.
- Curve Finance stands out for stablecoin pools with low-risk options and efficient strategies.
- Yield aggregation platforms like Yearn Finance automate fund allocation for passive investing.
- Different platforms offer varying APYs and risk levels, with Balancer and Trader Joe providing unique features.
- Liquidity mining programs on platforms like PancakeSwap add extra income through programmable token emissions.
- Cross-chain strategies are becoming crucial, with Beefy Finance and Reaper offering multichain solutions for users.
- Overall, DeFi platforms are moving towards optimized strategies, simplified participation, and maximizing returns for users.
- Key factors to consider include nominal APYs, compounding frequency, network interactions, and liquidity availability.
- Top DeFi yield protocols include Curve, Aave, Uniswap, Balancer, PancakeSwap, Yearn, Beefy, and Reaper.
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TheNewsCrypto
3w
109
Cardinal Protocol Ignites a New Era for Bitcoin DeFi on Cardano
- Cardinal Protocol introduces decentralized Bitcoin DeFi on Cardano using wrapped UTXOs and MuSig2.
- The platform allows trustless yield generation and supports Ordinals as collateral, with plans for future upgrades.
- Cardano founder Charles Hoskinson launches Cardinal Protocol, offering pure on-chain interaction and interoperability with Bitcoin.
- The integration of Ordinals as collateral and upcoming enhancements like zero-knowledge proofs and deeper liquidity pools aim to boost the utility and ecosystem growth of Cardinal Protocol.
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Bitcoinist
3w
83
Image Credit: Bitcoinist
Paul Atkins Delivers Key Points On DeFi At SEC’s Crypto Task Force Roundtable
- Paul Atkins, the Chair of the US SEC, outlined his vision for DeFi and cryptocurrencies, emphasizing alignment with American values.
- Atkins criticized the previous SEC administration's approach, welcomed recent clarifications on PoW and PoS networks, and stressed the importance of self-custody in digital wallets.
- He expressed concerns about regulatory restrictions on self-custodial solutions, highlighted the resilience of decentralized protocols, and called for new guidance to address on-chain systems' unique features.
- Atkins proposed an 'innovation exemption' and aims to make the US a cryptocurrency innovation leader by facilitating compliant transactions and enhancing capital efficiency through on-chain software.
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Bitcoinist
3w
192
Image Credit: Bitcoinist
LIBRA Scandal Resolution: Javier Milei’s Conduct Deemed Ethical By Anti-Corruption Office
- Argentina's President Javier Milei has been cleared by the country's Anti-Corruption Office in the LIBRA memecoin scandal investigation.
- The Anti-Corruption Office found no legal violations in Milei's promotion of the cryptocurrency, stating he acted as an economist rather than a public official in endorsing LIBRA.
- While Milei has been exonerated, investigations into the LIBRA scandal continue in Argentina, the US, and Spain.
- The value of LIBRA plummeted after initial surge, leading to significant financial losses for investors; the memecoin now trades at $0.030.
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Cryptonews
3w
429
SEC Chair Criticises Past Crypto Crackdown, Backs Self-Custody in DeFi Push
- SEC Chair Paul Atkins criticized the previous administration's crackdown on crypto, labeling it as overreaching and innovation-stifling.
- Atkins advocated for explicit congressional approval for staking regulations and emphasized the importance of self-custody as a fundamental American right.
- He proposed a pro-innovation framework to shield crypto projects from premature enforcement, allowing experimentation without fear of regulatory interventions.
- Atkins underscored the need for regulatory guidance instead of enforcement in areas like staking and self-custody to promote innovation in the crypto space.
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Bitcoinsensus
3w
31
Image Credit: Bitcoinsensus
ICOs & Top Coins to Watch – Fusio, Anazir, Emmet & AB, SPX, ICP
- Fusio IDO on Huostarter from June 8 to 10, KingdomStarter from June 9 to 10, and TGE on June 11.
- Anazir IDO on Spores from June 12 to 14, TGE on June 16.
- Emmet Finance IDO on Spores from June 15 to 17, TGE date not yet confirmed.
- Top gainers for the week: AB with +37.72%, followed by SPX +36.83%, ICP +20.86%, and KAIA +15.64%. Other notable gainers include QNT, HYPE, INJ, and LEO.
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TechBullion
3w
1.1k
Image Credit: TechBullion
Top Ethereum-Based Meme Coins to Watch in 2025: Can Future Pepe Deliver 100x Returns During the Next ETH Rally?
- Ethereum-based meme coins are gaining attention ahead of a potential breakout in 2025.
- Future Pepe ($FPEPE) stands out with AI-powered DeFi security, staking APY up to 30%, and innovative features.
- The token introduces an AI Anti-Rug Scanner, liquidity lock, audited contracts, deflationary tokenomics, and a retail-driven presale.
- Future Pepe aims to offer both virality and survivability, positioning itself as a promising project for the future ETH rally.
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99Bitcoins
3w
399
Is UMA Crypto Ready for a 200% Rally After Polymarket and X Deal?
- UMA crypto could surge 200% after partnership deal between Polymarket and Elon Musk's X.
- UMA Protocol shows strong performance with gains of over 20% during the weekend.
- The partnership between Polymarket, X, and UMA Protocol could lead to increased market visibility and revenue growth.
- UMA's Optimistic Oracle service secures Polymarket and could see a rise in total value locked (TVL) with projected traffic increases.
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TronWeekly
3w
377
Image Credit: TronWeekly
Congress Unveils New CLARITY Act Draft Impacting Crypto Regulation in 2025
- Congress unveils a new CLARITY Act draft for crypto regulation, exempting developers and wallet providers not controlling networks from money transmitter classification.
- The bill protects DeFi activities and software, allowing users to hold private keys without heavy-handed regulations.
- Updated banking provisions under the bill permit national and state banks to use digital assets and blockchain technology while complying with regulations.
- The CLARITY Act aims to define U.S. laws for cryptocurrencies, delineating regulatory authority between the SEC and CFTC, providing clarity for crypto businesses.
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Bitcoinsensus
3w
79
Image Credit: Bitcoinsensus
What is SocialFi and Why Should Crypto Investors Care?
- SocialFi, short for "Social Finance," merges social media and blockchain technology to create platforms where users can monetize their interactions and have control over their data.
- Blockchain technology and smart contracts in Social Finance enable users to own their content, identities, and interactions while earning cryptocurrency tokens for their participation.
- SocialFi platforms like Lens Protocol, Friend.tech, Minds, CyberConnect, and Damus are changing the way users interact and engage, shifting power from corporations to individuals.
- The SocialFi sector had a market size of $2.5 billion in 2024 and is projected to exceed $10 billion by 2030, highlighting its substantial growth potential.
- SocialFi transforms social interactions into financial incentives, making every action like posting, sharing, and commenting economically meaningful.
- Users engage with SocialFi platforms to earn cryptocurrency rewards, participate in decentralized communities, and monetize their content and interactions.
- SocialFi contributes to the Web3 revolution by creating fairer, more democratic social interactions and providing significant use cases for digital assets.
- Key SocialFi tokens like FCTR, DESO, MINDS, LENS, CYBER, RLY, MASK, and GNS drive content monetization, governance participation, and social NFT trading.
- Web3 social media platforms in SocialFi offer users more control over their content, monetization methods, and security compared to traditional Web2 social platforms.
- SocialFi allows creators to earn directly from their audience through tips, subscriptions, and tokenized content without relying on ad revenue models.
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Bitcoinist
3w
390
Image Credit: Bitcoinist
Bitcoin DeFi Project ALEX Protocol Targeted In $8.3 Million Exploit
- Bitcoin DeFi platform ALEX Protocol lost $8.3 million in a recent cyber attack due to a security flaw in its self-listing verification logic.
- The hackers managed to drain various asset pools, taking away a total of $8,373,227.13 in different cryptocurrencies.
- ALEX Protocol developers have announced a compensation plan to cover all user losses using the ALEX Lab Foundation Treasury.
- All affected users should receive a private on-chain notification with a claim form to be submitted before the deadline for compensation.
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Dev
3w
277
Image Credit: Dev
Research Experiment: Auto-Pricing SILVE via BNB on Binance Smart Chain
- Conducting a research experiment on the Binance Smart Chain (BSC) to test the interaction of a token contract and recover lost tokens by sending BNB.
- Sending over 0.01 BNB to the Silver smart contract results in receiving a SILVE token, with each purchase raising the price within the contract.
- SILVE specifications include: Symbol - SILVE, Total Supply - 21,000,000, Decimals - 9, Network - Binance Smart Chain (BSC), User Wallet - MetaMask.
- Project is for research and educational purposes, aiming to learn how non-verified smart contracts handle balances and the importance of BNB as gas on BSC.
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Medium
3w
140
Image Credit: Medium
How Sahara AI is Charting A New Course For Decentralized Intelligence
- Sahara AI aims to establish a decentralized AI blockchain platform accessible to everyone, fostering collaborative AI development and ensuring fair recognition and rewards for contributors.
- The platform integrates Sovereignty and Provenance, AI Utility, and a Collaborative Economy pillars to promote decentralized ownership, AI utility, and equitable value distribution.
- Co-founders Sean Ren and Tyler Zhou bring AI research expertise and blockchain experience to Sahara AI, which has raised $49 million in funding rounds led by prominent venture capital firms.
- Sahara AI's architecture supports high-quality data collection through the Data Services Platform and streamlined AI development via the AI Developer Platform.
- The AI Marketplace enables transparent trading of AI assets, and Sahara Agents offer custom on-premise AI solutions for businesses.
- Privacy-preserving techniques like Differential Privacy and Homomorphic Encryption secure user data, while the Sahara Blockchain enhances trust and transparency in AI asset management.
- Sahara AI's partnerships with tech giants and academic institutions validate its decentralized approach and potential mainstream adoption.
- Early successes, like collaborating with MyShell to accelerate model training, demonstrate Sahara AI's impact, user engagement, and potential for scalable data solutions.
- Challenges like complexity, scalability, and regulatory compliance confront Sahara AI as it navigates the intersection of AI and blockchain technologies.
- Sahara AI's commitment to ethical AI practices, robust privacy measures, and a community-first approach positions it as a leader in responsible AI development.
- With a clear roadmap, upcoming token sale, and anticipated mainnet launch, Sahara AI aims to revolutionize decentralized AI, drive ethical innovation, and democratize AI development and ownership.
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