Category Archive: Cryptocurrency, No picture
Kamala Harris leads Trump for fourth consecutive day on Polymarket
Key Takeaways Harris maintains 52% odds on Polymarket compared to Trump’s 46% for fourth consecutive day. Betting on Harris reaches $63 million, while Trump’s exceeds $73 million on the crypto-native platform. Kamala Harris’ odds of winning the US presidential election on Polymarket surpassed Donald Trump’s on Aug. 9 and have been maintained. At the time […]
Kelp DAO unveils ‘Gain Vault’ to maximize L2 airdrop rewards
Key Takeaways Kelp DAO introduces ‘Gain Vault’ to simplify L2 airdrop access and reward management. The ‘Gain Vault’ employs synthetic tokens to streamline participation in multiple DeFi strategies. Liquid restaking platform Kelp DAO announced today the launch of ‘Kelp Gain Vaults,’ a new program designed to increase the chances of receiving airdrops and rewards. The […]
DBS Bank launches ‘treasury tokens’ pilot with Ant International
Key Takeaways DBS Bank’s treasury tokens pilot with Ant International aims to cut transaction times significantly. The pilot is part of DBS’s involvement in Singapore’s projects exploring tokenization. DBS Bank, Singapore’s largest bank by assets, has initiated a pilot program for “DBS Treasury Tokens” in partnership with Ant International, aiming to improve treasury and liquidity […]
‘Asia’s MicroStrategy’ Metaplanet buys ¥500 million worth of Bitcoin
Key Takeaways Metaplanet purchased ¥500 million in Bitcoin, totaling about 303 BTC. The firm uses Bitcoin to minimize exposure to the weakening yen. Metaplanet, a Japanese public company recently known for its steady Bitcoin accumulations, has acquired an additional ¥500 million worth of Bitcoin (BTC), said Simon Gerovich, the company’s CEO in a recent post […]
SunPump Beta launches on TRON, driving innovation in meme coin development
Key Takeaways SunPump Beta provides a secure, low-cost platform for launching and trading meme coins. The platform features a liquidity and token burn mechanism to maintain market integrity. Singapore, August 13, 2024 – SUN.io, a leading DeFi platform on TRON, is thrilled to announce the launch of SunPump Beta, the first dedicated platform for the […]
Coinbase urges SEC to retract DeFi rule, calls it ‘fundamentally flawed’
Key Takeaways Coinbase’s legal officer criticizes the SEC’s approach to regulating decentralized exchanges. The SEC’s rule could force DEXs to adhere to traditional exchange regulations. Coinbase has submitted a strongly worded comment letter to the SEC, urging the agency to withdraw its proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs).The crypto […]
What is centralized finance?
Key Takeaways CeFi acts as an intermediary in the crypto world, unlike DeFi. Recent CeFi collapses highlight the sector’s inherent risks. Centralized Finance, or “CeFi” serves as a crucial intermediary between traditional financial systems and the decentralized world of cryptocurrencies. Unlike decentralized finance (DeFi) platforms that operate autonomously through smart contracts, CeFi platforms function as […]
UXLINK unveils next-gen social growth omni-chain infrastructure to empower builders and scale apps to billions of users
Key Takeaways UXLINK’s chain abstraction stack merges Web2 ease with Web3 innovation. The platform supports both EVM and non-EVM chains, ensuring wide application scalability. Singapore – UXLINK is excited to announce the launch of its cutting-edge chain abstraction stack, designed to revolutionize how developers and users interact with blockchain technology. UXLINK’s next-gen chain is an […]
Euler allocates $4M for security, conducts 29 code audits to safeguard v2
Key Takeaways Euler invested $4 million in security, far exceeding industry standards. The v2 code underwent 29 audits by 12 different security firms. Euler, a decentralized lending protocol, today announced the completion of an unparalleled security process for its v2 platform. Euler DAO invested roughly $4 million in security measures, including the hiring of top […]
Marathon Digital announces $250 million raise to acquire more Bitcoin
Key Takeaways MARA plans to offer $250 million in convertible senior notes due 2031 to qualified institutional buyers. Proceeds will be used to acquire additional bitcoin and fund general corporate purposes. Marathon Digital Holdings, Inc. (MARA) has announced plans to offer $250 million in convertible senior notes, and the proceeds will be used “primarily to […]
