Category Archive: Cryptocurrency, No picture
DeFi protocols show resilience despite this week’s macro crash: IntoTheBlock
Key Takeaways Aave successfully executed $300M in liquidations during the market crash, contributing $6M in profits to its DAO. Liquid restaking tokens and yield-bearing stablecoins experienced brief depegs but quickly recovered, demonstrating market stability. DeFi protocols demonstrated resilience during this week’s market crash, with Aave facing its largest liquidations ever amounting to $300 million on […]
Justin Sun delivers keynote and fireside chat at ABS2024, TRON DAO featured as title sponsor
Geneva, Switzerland, August 9, 2024 – The Asia Blockchain Summit 2024 (ABS2024), featured TRON DAO as a Title Sponsor and welcomed TRON founder Justin Sun to deliver a keynote speech. Sun also participated in a thought-provoking fireside chat with Song Hongbin, author of “Currency Wars”. The summit convened leaders from Web3, and various industries to […]
Ethereum turns inflationary for the first time in two years amid July network slump
Key Takeaways Ethereum turned inflationary in Q2 2024, adding 120,818 ETH to its supply in Q2. Uniswap remains the largest ETH burner, despite a 72.4% drop in burn rate from Q1 to Q2 2024. Ethereum (ETH) has turned inflationary in 2024 for the first time since 2022. Despite burning 465,657 ETH since the start of […]
Solana devs and validators patch critical vulnerability, preventing a network-wide outage
Key Takeaways Solana’s quick response to a critical flaw prevented potential network issues. The security patch was applied before public disclosure to ensure network integrity. Solana developers, validators, and client teams have successfully patched a critical security vulnerability on the network, securing the blockchain before disclosing the information to the public.Solana validator Laine stated on […]
What is the Bitcoin power law?
Key Takeaways The Bitcoin power law is criticized for overfitting data and lacking predictive reliability. Proponents argue the power law applies broadly across Bitcoin’s metrics, suggesting potential for future growth predictions. Crypto is a shifting and complex space. As it matures, analysts and enthusiasts are constantly seeking ways to understand and predict Bitcoin’s behavior.One intriguing […]
Nostra expands to Ethereum-compatible Monad following community vote
Key Takeaways Nostra’s community voted 43.3% in favor of expanding to Monad. Monad’s EVM parallelization will support Nostra’s DeFi and payment apps. Nostra, a Starknet-based decentralized finance (DeFi) project, announced today its plans to deploy on Monad, an Ethereum-compatible Layer 1 blockchain. This move marks Nostra’s expansion into the EVM-compatible space, following a community-driven decision […]
BlackRock, WisdomTree Bitcoin ETFs dominate daily inflows
Key Takeaways BlackRock’s IBIT led the pack, attracting over $157 million in net capital. WisdomTree’s BTCW had a historic day with over $118 million, its largest inflow since its trading debut. BlackRock’s iShares Bitcoin Trust (IBIT) solidified its market leadership on August 8, attracting over $157 million in net capital, according to data from Farside […]
Crypto execs speak with White House advisers, but no promises were made
Key Takeaways Crypto executives discussed policy with White House as Biden’s term ends. The meeting highlighted the need for clearer crypto regulations. Executives from major crypto firms participated in a virtual call with White House advisers and Kamala Harris’ staff, discussing concerns over current digital asset policies and seeking regulatory clarity.The Zoom call, held on […]
Trump-themed meme coin RTR soars and crashes in a matter of hours
Key Takeaways RTR token’s value fluctuated dramatically following misleading endorsements. Trump’s sons officially warned against fraudulent crypto tokens. A meme coin called Restore the Republic (RTR) on the Solana blockchain experienced extreme price volatility on Thursday, surging to a $155 million market cap before crashing 95% following false claims of its association with former President […]
Moonveil secures $9 million in extended Pre-Series A funding
Key Takeaways Moonveil has raised a total of $9 million in funding following a Pre-Series A round. The funding will support infrastructure development and community building for Moonveil’s web3 gaming platform. Layer-2 gaming ecosystem Moonveil has completed a Pre-Series A funding round, raising its total funding to $9 million. The round saw participation from prominent […]
