DeFi Protocols Face Nearly 25% Drop in Fees
TL;DR In August 2024, DeFi protocol fees fell by 24.4%, totaling $288 million. The decrease is attributed to lower user activity, increasing competition among protocols,...
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DYAD Stablecoin Protocol Sees Explosive Growth in TVL
TL;DR Explosive TVL Growth: DYAD’s total value locked (TVL) surged over 950% in one month, from $3.3 million on August 5 to a record $35...
Charles Hoskinson Plans to Launch a Decentralized Social Network to Defend Free Speech
TL;DR Cardano founder Charles Hoskinson plans to launch a decentralized social network to promote freedom of expression. The network will use blockchain technology to avoid...
Jupiter DEX Integrates Pump.fun and Moonshot, Optimizing Access to Meme Tokens on Solana
TL;DR Jupiter DEX has integrated the Pump.fun and Moonshot platforms, allowing for the instant purchase of new meme tokens on Solana. The new spot market...
The RWA Market Will Be a Success, but Less Overwhelming Than Expected
TL;DR Jamie Coutts questions the $30 trillion projection for the tokenized asset market by 2030, proposing a more realistic figure of $1.3 trillion. Coutts warns...
Bitwise Bitcoin ETF to Acquire Osprey Bitcoin Trust
TL;DR Bitwise Bitcoin ETF (BITB) will acquire the assets of the Osprey Bitcoin Trust (OBTC). The transaction is designed to be tax-free for OBTC unitholders...
Resistance Dog Rally Boosts REDO Memecoin Value Following Pavel Durov’s Arrest
TL;DR The memecoin ‘Resistance Dog’ (REDO) increased its value by more than 140% after being adopted as an official avatar by Toncoin developers. The initiative,...
Robert Kiyosaki: Bitcoin is a Better Investment than Real Estate
TL;DR Movability and Flexibility: Robert Kiyosaki believes Bitcoin is a better investment than real estate due to its ease of distribution and flexibility, allowing for...
Crypto Hackers Steal $700,000 from McDonald’s Instagram Account with Fake Memecoin
TL;DR Hackers infiltrated McDonald’s Instagram account and stole $700,000 with a fake memecoin. The fraudulent GRIMACE token briefly reached a value of $25 million before...
SunPump Overtakes PumpFun in Daily Revenue, Establishing Its Place in the Memecoin Market
TL;DR SunPump surpasses PumpFun in daily revenue, generating $548,000 to its rival’s $367,000. Justin Sun, founder of Tron, has been actively promoting SunPump on social...