Miden, a zk-powered blockchain spun out of Polygon Labs, raised $25 million led by a16z to scale edge execution and support institutional blockchain adoption.
Latest News on DeFi
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
With the help of distributed ledger technology, or DLT, DeFi solutions offer a number of the same opportunities, but they are controlled by a large number of participants who abide by rules enforced by smart contracts. DeFi solutions also often give greater flexibility in terms of users’ ability to store and control their own assets. Additionally, decentralized exchanges, or DEXs, further decentralize digital asset trading, in contrast to trading on centralized digital asset platforms.
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Loopscale fell victim to a $5.7 million exploit after attackers manipulated its RateX PT token pricing, draining funds from its USDC and SOL vaults.
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Solana outperformed rivals with 33% higher DEX volume, 400% more transactions, and 180% more active addresses over the past three months.
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As the Russian government reportedly eyes ruble-backed stablecoins, a local industry executive warned that a viable “Tether replica” would require a lot of effort.
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The DeFi Education Fund has petitioned White House crypto czar David Sacks to have prosecutors drop charges against Tornado Cash co-founder Roman Storm.
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Regulatory tailwinds have helped Circle regain ground in the stablecoin market, with USDC outpacing USDT's growth since November.
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The exploiter who stole $5.8 million from the Solana DeFi protocol on April 26 is negotiating to return the funds for a bounty.
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Coinbase will launch its Bitcoin Yield Fund on May 1 to offer 4%–8% returns for institutional investors seeking passive income on Bitcoin holdings.
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The Stacks Asia DLT Foundation's partnership with the Abu Dhabi Global Market aims to make it easier for institutions to participate in the Bitcoin economy.
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XRP futures let you speculate on the price of XRP without owning the token. Here’s how they work, who they’re for and how to start investing.
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The profit-taking came as the Official Melania Meme token staged an over 21% weekly recovery, but remains 96% below its all-time high.
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The Trump-backed World Liberty Financial has signed a letter of intent to assist Pakistan with DeFi, stablecoin and real-world asset tokenization innovation in the country.
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Regulations are not the enemy of Web3 innovation. Clear, risk-based frameworks can unlock DeFi’s potential while protecting users.
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According to Back, Strategy and other Bitcoin treasury firms are some of the earliest bettors on Hyperbitcoinization, which may see Bitcoin’s market cap soar to above $200 trillion.
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The DeFi lending protocol has restored loan repayments but some functionalities are still disabled, Loopscale said.
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