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.
Solv Protocol is set to launch its SOLV token on 17 January 2025, with listings planned on major exchanges. Although the project enjoys substantial investor backing and a surge in product demand, the occasion has been overshadowed by recent allegations of volume manipulations.
Dubai plans a "Crypto Tower" with 150,000 sq. ft. for blockchain startups, featuring office spaces, AI hubs, an NFT gallery, and a crypto club. It aims to boost Dubai as a global crypto hub by 2027.
Uniswap Labs and Ledger have partnered to integrate Uniswap’s trading API into Ledger Live, enabling users to swap Ethereum and ERC-20 tokens directly within the wallet app
Tether is relocating its headquarters from the British Virgin Islands to El Salvador, having secured a digital asset service provider license.
"This move to El Salvador will be the first time we're going to have a physical headquarters," CEO Paolo Ardoino told Reuters, adding that the
Wolf Capital Crypto co-founder Travis Ford has pled guilty for his role in a massive $9.4 million Ponzi scheme, pleading guilty to wire fraud conspiracy. Between January and August 2023, Ford successfully defrauded 2,800 investors by promising daily returns of 1-2%, which, in theory, would amount to a
The project is building a DePIN network that lets devices share their locations with each other and work together to understand their physical surroundings.
Happy Sunday, Observers!
All eyes were on California this week, where brush fires swept through entire neighborhoods, killing people and destroying billions in property.
The forced stop to normal life in the region, which is home to some of the highest-paid tech talent and to some of the most vibrant
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.
