The project has seen decent growth in 2024 but still trails leading players in adoption. While its strategic push into Web3 gaming aims to unlock broader success, the outcome remains uncertain.
THORChain, a cross-chain decentralized exchange, faced solvency issues caused by its DeFi services. Imbalances between deposits of bitcoin and other assets created a net short position for the protocol that worsened in the bull market. The protocol had to issue rescue tokens to cover the gap
DeFi projects are increasingly planning to share revenue with token holders, making these tokens similar to traditional dividend-paying shares. This trend suggests that DeFi may begin to resemble traditional finance systems while maintaining its decentralized nature.
In a snide exchange with Coinbase CEO Brian Armstrong, Sun called out the exchange for not listing TRX. Coinbase has previously questioned Sun's transparency and history of evasive behavior.
World Liberty Financial (WLF) moved $307 million to Coinbase Prime, Eric Trump pumps Ether, and TRON and Movement Labs both deny any ‘Token Swap’ deal for WLF Inclusion.
Czech Republic scraps capital gains tax on Bitcoin held over 3 years.
Helium Mobile launches new plans, including a free "Zero Plan" with rewards.
Jupiter Exchange X account hacked.
Sweden’s Virtune launches AVAX and ADA ETPs on Nasdaq Helsinki.
Shiba Inu partners with UAE Ministry of Energy
Happy Monday, Observers!
Silicon Valley was in panic mode last week due to the launch of the cheap-built Chinese large language model DeepSeek.
The threat of Chinese technology disrupting the AI industry wiped off $1 trillion of the US stock market, leading the crypto markets too to start the week
Originally slated for Q3 2024, Uniswap teased the imminent release of its V4 version this week. The new DEX decreases transaction costs for the users and brings advanced tools for developers. The previous versions of the protocol still contribute to Uniswap's market share
Humanity Protocol, a palm vein scanning supported identity verification firm, has recently achieved a valuation exceeding $1 billion following a successful funding round.
Ethena unveils USDtb as a conservative alternative to its high-yield USDe stablecoin, while its governance token ENA surges 25% over the weekend following an investment from the Trump-led World Liberty Financial.
Happy Sunday Observers!
It has been almost a year since Bitcoin spot BTFs were approved, but still, nothing excites the crypto community more than seeing the big sharks from traditional finance and international politics validate their industry.
The market surged on Thursday following World Liberty Financial's crypto Christmas
Every day now, hundreds of crypto users are falling victim to scams and rug pulls that either derive from cyber attacks on unsuspecting influencers or from influencers themselves.
Tangem offers a fancy ring-shaped crypto custody device and argues against seed phrases. But what alternative does the hardware wallet firm suggest? Our observer discusses crypto custody practices with the team.
World Liberty Financial (WLF) moved $307 million to Coinbase Prime, Eric Trump pumps Ether, and TRON and Movement Labs both deny any ‘Token Swap’ deal for WLF Inclusion.
Czech Republic scraps capital gains tax on Bitcoin held over 3 years.
Helium Mobile launches new plans, including a free "Zero Plan" with rewards.
Jupiter Exchange X account hacked.
Sweden’s Virtune launches AVAX and ADA ETPs on Nasdaq Helsinki.
Shiba Inu partners with UAE Ministry of Energy
Happy Monday, Observers!
Silicon Valley was in panic mode last week due to the launch of the cheap-built Chinese large language model DeepSeek.
The threat of Chinese technology disrupting the AI industry wiped off $1 trillion of the US stock market, leading the crypto markets too to start the week
Originally slated for Q3 2024, Uniswap teased the imminent release of its V4 version this week. The new DEX decreases transaction costs for the users and brings advanced tools for developers. The previous versions of the protocol still contribute to Uniswap's market share
