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.
Bybit registers with India’s regulator.
SEC reassigns top crypto litigator Jorge Tenreiro to IT department.
NYSE files with SEC to convert Grayscale LTC Trust into a spot ETF.
Landon Zinda leaves Coin Center to join SEC’s Crypto Task Force.
Stronghold Digital fined $1,4M for diverting power to
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.
Happy Sunday, Observers!
This was a week marked by several launches, announcements, predictions and rumours about what will happen once Donald Trump is sworn into office on Monday.
A meme coin of the 45th and soon-to-be 47th president of the United States was launched on Friday night on Solana, and
U.S. President Trump Meme coin? Possible strategic reserves, new advisory councils, parties, and partnerships; the Trump Administration is ready to move from day one.
The project's DeFi suite is quickly gaining popularity among users, with its capital-efficient lending and trading protocols rapidly increasing in TVL and trading volume.
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.
Bybit registers with India’s regulator.
SEC reassigns top crypto litigator Jorge Tenreiro to IT department.
NYSE files with SEC to convert Grayscale LTC Trust into a spot ETF.
Landon Zinda leaves Coin Center to join SEC’s Crypto Task Force.
Stronghold Digital fined $1,4M for diverting power to
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.
