Defi Financial News

23.09 / 02:31

Blockchain defi solana coinbase layer2 BaSe surges Base surges past Solana as total value locked nears $400M

The total value locked (TVL) on Coinbase’s layer 2 network Base has surged to $397.32 million in roughly a month and a half since launching in August. That figure now places Base ahead of the Solana network in terms of TVL, which has $358.96 million at the time of writing.

21.09 / 20:27

markets defi Analysis Opinion Federal Reserve Interest rates interest rate Sky-high interest rates are exactly what the crypto market needs

The United States Federal Reserve Open Market Committee’s September decision on interest rates was entirely expected, with the FOMC holding rates at the current level of 5.25% to 5.5%. As also expected, the committee indicated there may be another rate hike coming this year, with Chairman Jerome Powell insisting — as usual — in his Sept. 20 press conference that the job of getting inflation back to the Fed’s 2% target is in “no way done.”

21.09 / 19:31

Blockchain defi Altcoin Uniswap launches educational platform with DoDAO

On September 21, decentralized exchange (DEX) Uniswap launched an educational platform in conjunction with the blockchain education-focused Do Decentralized Autonomous Organization (DAO).

21.09 / 19:31

Blockchain Ethereum Adoption defi DEX Fiat Money PancakeSwap Pancakeswap integrates Transak for fiat onboarding on multiple chains

Decentralized exchange Pancakeswap now offers Transak as a provider in its “buy crypto” tab, giving Pancakeswap users an additional option when shopping for crypto, according to an announcement on September 21. Mercuryo and Moonpay were previously providers for this feature, making Transak the third provider to be added.

21.09 / 15:03

Ethereum defi ChatGPT memecoin ETH developer programs AI-generated memecoin AstroPepeX using ChatGPT

An Ethereum developer has managed to get ChatGPT to launch its own ERC-20 token, AstroPepeX (APX), modeled off data from the top traded tokens on Uniswap.

21.09 / 15:03

Ethereum Adoption defi layer2 Chainlink Arbitrum zk-Rollup Cross-Chain Chainlink hits Ethereum layer 2 Arbitrum for cross-chain DApp development

Blockchain oracle network Chainlink has tapped into Ethereum (ETH) layer 2 scaling protocol Arbitrum to drive cross-chain decentralized application development.

21.09 / 15:03

Blockchain defi Altcoin Near Foundation Near Foundation CEO Marieke Flement resigns

Marieke Flament, CEO of Near Foundation, the developer of the namesake community layer-one protocol, has resigned.

21.09 / 00:37

defi Hackers hacks Altcoin DAO phishing DNS Balancer blames ‘social engineering attack’ on DNS provider for website hijack

The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider was what led to its website’s frontend being compromised on Sept. 19, leading to an estimated $238,000 in crypto stolen.

20.09 / 20:23

Blockchain Ethereum Adoption defi Tether Liquidity Usd Coin Evmos, Swing, Tashi, Wormhole team up to solve Cosmos liquidity problems

A group of decentralized finance (DeFi) protocols have teamed up to solve liquidity problems in the Cosmos ecosystem. The teams involved include cross-chain bridging protocol Wormhole, liquidity aggregator Swing, lending protocol Tashi, and Cosmos network Evmos.

20.09 / 16:25

defi Altcoin Exploit Discord crypto trading bot shuts down after 'critical exploit'

None Trading, a trading tool for cryptocurrencies and nonfungible tokens built on Discord, has shut down due to a "critical exploit" within its infrastructure.

20.09 / 13:07

Blockchain Ethereum Adoption defi Circle Usd Coin Wormhole integrates native USDC transfers for four blockchain networks

Wormhole has integrated Circle’s Cross-Chain Transfer Protocol (CCTP), allowing USD Coin (USDC) to be transferred between Ethereum, Avalanche, Arbitrum and Optimism via Wormhole-based bridges, according to a Sept. 20 announcement.

20.09 / 06:37

Hack defi Balancer DeFi Protocol Balancer Faces Another Security Breach After Being Exploited for $2M a Month Ago

Balancer, the Ethereum-based decentralized finance (DeFi) protocol, is facing a security breach, marking the second such incident in less than a month.

20.09 / 01:37

defi XRP SEC Decentralized Finance Agency More SEC Enforcement Action is Coming With DeFi in Firing Line, Warns Key Agency Official

The head of the US Security and Exchange Commission (SEC)’s Crypto Assets and Cyber Unit David Hirsch just sent a chilling warning to the crypto industry, which has already found itself heavily in the agency’s crossfire in recent months.

20.09 / 00:51

defi Hackers hacks Altcoin Scams DeFi protocol Balancer frontend is under attack, urges users to stay away

Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently "under an attack."

19.09 / 01:47

Ethereum Adoption defi Polkadot Polygon Decentralization layer2 Canto, Astar blockchains plan migration to Ethereum ecoystem as layer 2s

Cosmos-native layer-1 blockchain Canto has become the latest chain to migrate to Ethereum as a layer 2 zero-knowledge rollup, after another layer-1 blockchain, Astar, announced similar plans moving from the Polkadot ecosystem to Ethereum.

18.09 / 20:43

business defi Funding Venture Capital Blockchain Capital Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi

Venture capital group Blockchain Capital announced the closing of two new funds, totaling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies.

18.09 / 15:03

defi Analysis Opinion proof-of-work Proof-of-stake DLT Tech Decentralized finance needs alternatives to blockchain

One of the laziest and most frustrating criticisms of digital currencies — particularly Bitcoin (BTC) — is when pundits liken it to a pyramid scheme dependent on the “greater fool” joining to make a quick buck. While some people do indeed purchase digital assets purely for speculative purposes, it’s unfair to ignore many of the great services and achievements that are being made by developers in areas such as remittances, logistics, financial inclusion and intellectual property.

16.09 / 17:21

business defi Aave MakerDAO Curve Finance lido dao DeFi economic activity drops 15% in August —VanEck

The decentralized finance (DeFi) ecosystem has suffered more setbacks in August as on-chain economic activity dwindled. According to an analysis from investment manager firm VanEck, exchange volume declined to $52.8 billion in August, 15.5% lower than in July.

15.09 / 19:25

Stablecoin Adoption defi Polygon coinbase zk Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

15.09 / 05:17

Stablecoin defi MakerDAO Maker DAI Decentralized stablecoins could dominate crypto: MakerDAO founder

Decentralized stablecoins may eventually dominate the stablecoin market, so long as crypto “ends up living up to its potential,” says Rune Christensen, the co-founder of DeFi pioneer MakerDAO.

14.09 / 20:51

Blockchain Ethereum defi layer2 Dapps zk-Rollup Portal Matter Labs steps back as zkSync launches ecosystem portal managed by DappRadar

Matter Labs recently announced the launch of a new ecosystem portal for zkSync, managed by DappRadar, in what both partners are calling a step towards fully decentralizing the protocol.

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