Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi protocols has dropped to $43 billion, the…
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The Solana (SOL) ecosystem, according to Laguna Labs Chief Executive Officer (CEO) Stefan Rust, took a harder hit compared to other major digital coins such as Bitcoin and Ethereum following the collapse of the FTX crypto exchange. Here’s a quick glance at SOL performance: Following the collapse of FTX, Solana lost almost 60% of its…
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Wallets associated with Sam Bankman-Fried’s Alameda Research could be behind the dollar de-peg, alleges Tron’s founder. In April 2022, the Tron network launched USDD, a token pegged to the U.S. dollar, as an “over-collateralized stablecoin,” meaning its likelihood of slipping below $1 should be lower due to excessive reserves backing its valuation. USDD stablecoin slips below…
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The Central Bank of Russia (CBR) has released a report that focuses on digital assets and how the new technology could be integrated into its traditional financial system. On Monday, Russia’s central bank shared a 32-pages-long public consultation report titled ‘Digital Assets in Russian Federation’, drawing comparisons between this new technology and the traditional system,…
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After the Bitdao token’s quickfire plunge on Nov. 7, members of the Bitdao community have asked Alameda Research to address rumors the principal trading platform has dumped Bitdao’s BIT tokens. The dump, if confirmed, would be a breach of a swap agreement between the two entities which prohibits the offloading of each other’s tokens before…
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Venture capital firms offer value to startups beyond simply cash. They also bring business experience, broad networks and critical services to the table. This year’s bear market trajectory should be looked upon as a favorable opportunity for Web3 founders to raise capital and build cutting-edge products. Some of the most robust businesses today were built…
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More options for single-sided Bitcoin staking could lead to a consolidation of decentralized exchange aggregators — meaning improved liquidity for users. For many years, Ethereum reigned supreme over the decentralized finance (DeFi) landscape, with the blockchain serving as the destination of choice for many of the most innovative projects serving up their take on decentralized…
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Hunting for the best opportunities in the world of DeFi is often time consuming. But automation is changing that. Few doubt the potential that DeFi has to redefine crucial aspects of finance for all. But, as it stands, using DeFi platforms and protocols is often time consuming and anything but easy. One of the biggest…
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Traders and investors in SushiSwap face a unique conundrum as optimistic and bearish signals battle for control of the market. The recent inclusion of SushiSwap on Boba Network may account for the increased number of whale sightings on the site. Even while this points to a strengthening bullish market for SushiSwap, the TVL numbers act…
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Multi-Chain swaps protocol and decentralized exchange (DEX) Rubic has lost over one million worth of tokens after attackers gained access to the private keys of an administrator’s wallet. During morning hours in Asia, the project developers revealed that one of their admin’s wallet addresses that managed the RBC/BRBC bridge and staking rewards was compromised. “We…
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