Defi Financial News

20.06 / 14:27

defi MARKET Mining Maker Bancor Pauses Protection Mechanism Due to ‘Hostile Market Conditions’

The decentralized finance (DeFi) protocol Bancor (BNT) said it has paused its impermanent loss (IL) protection mechanism due to what it calls “hostile market conditions.”

20.06 / 14:05

defi Decentralized Exchange Uniswap Bancor pauses impairment loss protection citing 'hostile' market conditions

Bancor, a decentralized finance protocol often credited as the pioneer of the DeFi space, paused its impairment loss protection (ILP) function on Sunday, citing “hostile” market conditions.

20.06 / 13:20

defi Bitcoin AI is taking crypto trading to a whole new level. This is how

It's been a difficult few months for the crypto market — with Bitcoin posting consecutive losses for an unprecedented number of weeks.

20.06 / 11:31

Ethereum defi Trading fees surges Synthetix racks up over $1M in daily fees as SNX token value surges 100%

Layer-2 scaling solution Synthetix recently collaborated with liquidity provider Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC, & sUSD/3CRV, allowing investors to cheaply convert synths such as sETH to Ether (ETH).

20.06 / 11:31

Blockchain defi solana Takeover Solend invalidates Solana whale wallet takeover plan with second governance vote

Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gives Solend Labs “emergency powers” to access a whale’s wallet to avoid liquidation.

20.06 / 07:15

defi recovery Celsius recovery plan proposed amid community-led short-squeeze attempt

Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixon have offered to assist the network by deploying similar “financial innovation” used in 2016 to save cryptocurrency exchange Bitfinex from liquidation.

20.06 / 00:55

markets defi Bitcoin week Top 5 cryptocurrencies to watch this week: BTC, SOL, LTC, LINK, BSV

Bitcoin (BTC) plummeted to $17,622 on June 18. This marked the first time in Bitcoin’s history that it has fallen below its previous cycle high. The United States Federal Reserve’s aggressive monetary tightening, a crisis at crypto lending platform Celsius and liquidity issues at investment fund Three Arrows Capital are creating a sense of panic among traders.

20.06 / 00:11

markets Blockchain defi Takeover What decentralization? Solend approves whale wallet takeover to avoid DeFi implosion

On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation.

17.06 / 23:05

defi Aave Ethereum Price Bitcoin Price fall Finance Redefined: Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi

This past week, the decentralized finance (DeFi) ecosystem faced the brunt of the bears fueled by liquidation rumors of Three Arrow Capital (3AC) and Celsius liquidations. MakerDAO decided to cut off Aave (AAVE) from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of staked Ether (stETH).

17.06 / 20:49

markets Ethereum defi proof-of-work Drop Ethereum price risks a drop below $1K if these key price metrics turn bearish

Ether (ETH) price is down 37.5% in the last 7 days and recent news reported that developers decided to postpone the network's migration to a proof-of-stake (PoS) consensus. This upgrade is expected to end the dependency on proof-of-work (PoW) mining and the Merge scalability solution that has been pursued for the past 6 years.

17.06 / 16:09

Blockchain Ethereum defi Mining Threat BIS report warns about front-running threat in crypto mining

Since 2020, miners on the Ethereum blockchain have extracted around $600 million from other investors by miners, according to a new report by the Bank for International Settlements (BIS) focusing on common malpractice in the crypto mining industry.

17.06 / 16:09

Adoption defi Reddit community innovations Which decentralized finance innovations are expected by the DeFi community?

While the broader crypto market is on a downward spiral and social media is plagued with fears and complaints, some are choosing to focus on the decentralized finance (DeFi) space's potential for the future.

17.06 / 14:37

business Adoption Binance defi Bear market no issue for Binance Labs’ DeFi incubation program

Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market.

17.06 / 13:11

cryptocurrency defi Bitcoin price today Bitcoin Crypto, houses, sneakers, rolexes: How FOMO drove the economy

The lowest-priced, stainless-steel version of the Cosmograph Daytona, the Rolex model that Paul Newman made famous, carries a suggested retail price of $14,550. But you’re unlikely to snag one so cheap.

17.06 / 13:05

Blockchain Technology Adoption defi Bitfrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions

On Friday, Bitfrost, a Web 3.0 derivatives protocol that provides decentralized cross-chain liquidity for staked assets, launched the updated Slot Liquidity Auction Protocol dubbed "SALP 2.0." Projects such as Moonbeam, Unique network, OAK network, Polkadex, etc., held their parachain crowdloans on Kusama and Polkadot via the original SALP. A total of 8,834,746 vsKSM ($439 million) and 3,045,564 vsDOT ($21 million) was minted through the protocol.

17.06 / 12:01

Blockchain defi DEX Decentralized Exchange Chainge Finance facilitates trades in what is said to be the most liquid aggregated DEX

The cryptocurrency market is growing to include more assets and chains available than ever before. Unfortunately, despite the number of assets at play, most decentralized exchanges (DEXs) are still unable to deliver and facilitate the frequency and volume of trades necessary to satisfy the market. As a result, these exchanges face a lack of liquidity and high slippage, often occurring when fractions of an order are completed at a lower price and the rest at a higher and less advantageous price.

17.06 / 05:21

defi Aave MakerDAO Maker Maker cuts off Aave's DAI supply as fallout from Celsius continues

MakerDAO has voted to cut off lending platform Aave’s ability to generate DAI for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosystem.

17.06 / 00:21

Blockchain Technology defi crimes High-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective

On Thursday, ZachXBT, a cyber detective in the decentralized finance, or DeFi, realm, accused prominent Taiwanese musician and blockchain personality Jeff Huang, also known as Machi Big Brother, of misconduct in 10 different cryptocurrency projects. Machi Big Brother is known outside of Taiwan as an avid collector of Bored Ape Yacht Club nonfungible tokens (NFTs) and possessed a collection worth an estimated $8.26 million at the peak of the crypto bull market last year.

16.06 / 12:35

business Blockchain defi Investments freeze Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation

Danny Yuan, the CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets, as rumors of 3AC’s insolvency stay afloat.

16.06 / 11:05

defi wallet security MetaMask vulnerability MetaMask, Phantom, Brave, and XDefi Wallets Patch 'Demonic Critical Vulnerability' Before an Attack

A number of prominent browser extension wallets, including Ethereum (ETH) wallet MetaMask, Solana (SOL)'s Phantom, Brave, and cross-chain wallet extension XDefi, have patched a "critical vulnerability" that could have exposed sensitive login credentials if specific conditions were met.

16.06 / 00:39

Blockchain defi NYSE Former president of the New York Stock Exchange joins Uniswap Labs as an advisor

On Wednesday, Uniswap announced that former New York Stock Exchange president Stacey Cunningham will join the company as an advisor.

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