🇺🇸 Trump family’s DeFi project wants to ‘ensure US dollar dominance’
While not much is known about the Trump family’s crypto project — the latest statement from World Liberty Financial suggests it wants to spread the use of United States dollar-pegged stablecoins in decentralized finance. In a Sept. 4 statement to X, the yet-to-be-launched decentralized finance (DeFi) platform claimed one of its key goals was to drive the "mass adoption of stablecoins and decentralized finance."
Source
https://www.tgoop.com/DeFi_Ethereum
While not much is known about the Trump family’s crypto project — the latest statement from World Liberty Financial suggests it wants to spread the use of United States dollar-pegged stablecoins in decentralized finance. In a Sept. 4 statement to X, the yet-to-be-launched decentralized finance (DeFi) platform claimed one of its key goals was to drive the "mass adoption of stablecoins and decentralized finance."
Source
https://www.tgoop.com/DeFi_Ethereum
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DeFi and social dApps saw a notable rise in daily unique active wallets (dUAW) in August, as the overall dApp industry hit a record 17 million average dUAWs, up 9% from the previous month, according to a DappRadar report. Decentralized exchanges Raydium and Uniswap v2 had 18.8 million and 4.8 million monthly unique active wallets, respectively, in August, granting them the second and fourth most active applications in the blockchain sector in the period.
Source
https://www.tgoop.com/DeFi_Ethereum
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🚨 Hacker praised after $27M crypto heist from Penpie DeFi protocol
The hacker responsible for stealing $27 million in crypto from the decentralized finance (DeFi) protocol Penpie received an appreciation message from a fellow criminal. On Sept. 3, Penpie suffered an exploit that led to the loss of digital assets worth $27 million. In response, the DeFi platform suspended deposits and withdrawals. Less than a day after the hack, the Penpie hacker sent $7 million in assets to the crypto mixer Tornado Cash.
Source
https://www.tgoop.com/DeFi_Ethereum
The hacker responsible for stealing $27 million in crypto from the decentralized finance (DeFi) protocol Penpie received an appreciation message from a fellow criminal. On Sept. 3, Penpie suffered an exploit that led to the loss of digital assets worth $27 million. In response, the DeFi platform suspended deposits and withdrawals. Less than a day after the hack, the Penpie hacker sent $7 million in assets to the crypto mixer Tornado Cash.
Source
https://www.tgoop.com/DeFi_Ethereum
The organization that supports The Open Network, Telegram’s blockchain of choice, announced on Friday that it has contributed another $24 million worth of Toncoin (TON) to its DeFi incentive program, bringing the program’s total value to over $75 million to date. The TON Foundation originally created the program in April to encourage users to engage with decentralized finance (DeFi) applications on TON—a network that has become prominently known for popular crypto-backed games on Telegram and corresponding airdrops.
Source
https://www.tgoop.com/DeFi_Ethereum
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Penpie Crypto DeFi Protocol is an averagely popular decentralized finance (DeFi) platform designed to enhance liquidity provision and yield farming in the crypto ecosystem. Built on the Pendle Finance protocol, Penpie focuses on maximizing yield for its users by allowing them to split and trade yield-bearing assets. With a user-friendly interface and advanced features, Penpie aims to offer a flexible and efficient DeFi experience.
Source
https://www.tgoop.com/DeFi_Ethereum
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August was a bearish month for the cryptocurrency market, especially because of the Aug. 5 decline. While the market attempted to recover the rest of the month, another downturn followed in the final week of August. Nevertheless, some categories and projects within them have been more resilient than others. More specifically, the Decentralized Finance basket fell by single digits, while its best performer, Aave (AAVE), had a positive rate of increase.
Source
https://www.tgoop.com/DeFi_Ethereum
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📣 Ether.fi Launches Crypto Credit Card with Scroll’s ZK Tech
Ether.fi, a prominent player in the restaking sector, has announced an exciting new partnership with Scroll, a cutting-edge layer-2 blockchain using zero-knowledge (ZK) rollup technology. Ether.fi plans to launch its credit card, ether.fi Cash, and introduce a lending and borrowing marketplace. Scroll, which has been operational since October 2023, has seen its total value locked (TVL) surge from $556 million to $676 million in recent months. This impressive growth reflects the increasing interest in its efficient, low-cost transaction capabilities.
Source
https://www.tgoop.com/DeFi_Ethereum
Ether.fi, a prominent player in the restaking sector, has announced an exciting new partnership with Scroll, a cutting-edge layer-2 blockchain using zero-knowledge (ZK) rollup technology. Ether.fi plans to launch its credit card, ether.fi Cash, and introduce a lending and borrowing marketplace. Scroll, which has been operational since October 2023, has seen its total value locked (TVL) surge from $556 million to $676 million in recent months. This impressive growth reflects the increasing interest in its efficient, low-cost transaction capabilities.
Source
https://www.tgoop.com/DeFi_Ethereum
The DEX landscape is undergoing some diversification, with Uniswap's once-dominant market share facing a steady erosion. This change-up in market share could signal more competition and innovation in decentralized trading. Uniswap's market share has dropped from more than 50% in October 2023 to 36% today.
Source
https://www.tgoop.com/DeFi_Ethereum
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🇺🇸 Lawmaker Criticizes Biden-Harris Administration's Approach to Defi Regulation
House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer ecosystem enabled by digital assets and blockchain.
Source
https://www.tgoop.com/DeFi_Ethereum
House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer ecosystem enabled by digital assets and blockchain.
Source
https://www.tgoop.com/DeFi_Ethereum
🇺🇸 Trump to launch #DeFi protocol next Monday
Former President Donald Trump announced plans to launch “World Liberty Financial,” a decentralized finance (DeFi) protocol, next Monday, September 16, at 8 pm via Twitter Spaces. In his tweet, Trump declared his intention to embrace crypto and leave “slow and outdated big banks behind,” marking a significant shift from his previous skepticism towards digital currencies.
Source
https://www.tgoop.com/DeFi_Ethereum
Former President Donald Trump announced plans to launch “World Liberty Financial,” a decentralized finance (DeFi) protocol, next Monday, September 16, at 8 pm via Twitter Spaces. In his tweet, Trump declared his intention to embrace crypto and leave “slow and outdated big banks behind,” marking a significant shift from his previous skepticism towards digital currencies.
Source
https://www.tgoop.com/DeFi_Ethereum
Sky, the decentralized finance lender formerly known as MakerDAO, will vote on fully ditching wrapped bitcoin (wBTC) from its ecosystem, according to a Thursday governance post, potentially a major development in DeFi since the platform has $200 million of loans collateralized by the token. WBTC is a token that allows investors to use bitcoin (BTC) on other blockchains, and plays a key role in lending DeFi as collateral, with a $9 billion market capitalization.
Source
https://www.tgoop.com/DeFi_Ethereum
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🚨 DeFi Protocol DeltaPrime Suffers $5.9 Million Loss in Private Key Exploit
Crypto cybersecurity firm Cyvers has reported a security incident affecting DeltaPrime, a decentralized finance (DeFi) protocol on the Arbitrum network. According to a tweet from Cyvers, the ongoing incident resulted in an initial estimated loss of $4.5 million—subsequently updated to $5.93 million as a “suspicious address” continued to drain funds from DeltaPrime’s liquidity pools.
Source
https://www.tgoop.com/DeFi_Ethereum
Crypto cybersecurity firm Cyvers has reported a security incident affecting DeltaPrime, a decentralized finance (DeFi) protocol on the Arbitrum network. According to a tweet from Cyvers, the ongoing incident resulted in an initial estimated loss of $4.5 million—subsequently updated to $5.93 million as a “suspicious address” continued to drain funds from DeltaPrime’s liquidity pools.
Source
https://www.tgoop.com/DeFi_Ethereum
📣 Ripple Co-Founder Chris Larsen Leads $10 Million Round for DeFi Protocol Yellow Network
Yellow Network, a decentralized clearing network for digital assets, has closed a $10 million seed round led by Ripple co-founder Chris Larsen. The company said it'll use the fund to help the company address key challenges in decentralized finance (DeFi) trading, including liquidity fragmentation, scalability, and counterparty risks.
Source
https://www.tgoop.com/DeFi_Ethereum
Yellow Network, a decentralized clearing network for digital assets, has closed a $10 million seed round led by Ripple co-founder Chris Larsen. The company said it'll use the fund to help the company address key challenges in decentralized finance (DeFi) trading, including liquidity fragmentation, scalability, and counterparty risks.
Source
https://www.tgoop.com/DeFi_Ethereum
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🚨🚨 SEC Charges Defi Platform Rari Capital and Founders
The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves penalties, injunctions, and bars against the individuals involved, with violations stemming from unregistered securities offerings and deceptive practices.
Source
https://www.tgoop.com/DeFi_Ethereum
The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves penalties, injunctions, and bars against the individuals involved, with violations stemming from unregistered securities offerings and deceptive practices.
Source
https://www.tgoop.com/DeFi_Ethereum
📣 Crypto Investment Firm Deus X Capital Unveils DeFi Unit Which Will Start New Yield Generating Protocol
Deus X Capital, the $1 billion investment and operating company led by Tim Grant, today launched Solstice Labs, a decentralized finance (DeFi) business, the company said in a press release on Friday. Solstice Labs is building institutional-grade DeFi products and protocols that will be available to all investors, the company said.
Source
https://www.tgoop.com/DeFi_Ethereum
Deus X Capital, the $1 billion investment and operating company led by Tim Grant, today launched Solstice Labs, a decentralized finance (DeFi) business, the company said in a press release on Friday. Solstice Labs is building institutional-grade DeFi products and protocols that will be available to all investors, the company said.
Source
https://www.tgoop.com/DeFi_Ethereum
Decentralized finance pioneer Sky, formerly Maker, is forging ahead with a plan to offload wrapped Bitcoin collateral from the platform. Following a governance vote that ran for three days and closed on Sept. 19, the DeFi lending and borrowing platform has ratified to remove its exposure to wrapped Bitcoin (WBTC).
Source
https://www.tgoop.com/DeFi_Ethereum
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Decentralized exchange PancakeSwap has reported $836 billion in cumulative trading volume and a total value locked (TVL) of about $1.72 billion in four years of operation. PancakeSwap held about $1.72 billion in total value locked as of Sept. 20, which has decreased over the years, from an all-time high of $7.16 billion on May 4, 2021, according to DefiLlama. On March 30, PancakeSwap’s TVL was about $2.42 billion and has been dropping since.
Source
https://www.tgoop.com/DeFi_Ethereum
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