CryptoQuant’s Ki Young Ju Raises Concerns Over Ethena Labs’ BTC Move
TL;DR Ethena Labs’ Strategic Decision: Ethena Labs has decided to use Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe, to increase the product’s...
Grayscale Adjusts Portfolio and Removes ADA from GDLC: Market Reactions and Perspectives
by fernando
TL;DR Grayscale Investments adjusts its portfolio by removing ADA from the GDLC fund based on the index methodology. Charles Hoskinson, founder of Cardano, reacts with...
Sony Bank and Sota Watanabe Join Forces to Launch Stablecoin and Blockchain
by fernando
TL;DR Sony Bank and Sota Watanabe collaborate to launch a stablecoin and a blockchain. The project is in the preparation phase, marking the company’s foray...
Wormhole Attracted a Horde of Scammers During its Airdrop
by guido
TL;DR The recent Wormhole airdrop garnered significant community interest by distributing over $800 million worth of W tokens to eligible users. There was a proliferation...
Binance Unveils SAGA in its 51st Launchpool: An Opportunity to Acquire Tokens and Engage in Crypto Ecosystem Growth
by fernando
TL;DR Binance introduces the SAGA token to its 51st Launchpool. Users can participate in obtaining tokens by staking BNB or FDUSD. The Launchpool will begin...
KuCoin Faces the Abyss Due to DOJ and CFTC Lawsuit
by guido
TL;DR KuCoin has faced a 50% decrease in its market share and a 75% drop in daily trading volume after facing charges from the US...
Aave Proposal to Mitigate Risks Amid MakerDAO’s DAI Expansion
by fernando
TL;DR Aave launches proposal to counter MakerDAO’s DAI expansion risk. The proposal seeks to adjust the DAI risk parameters in Aave, setting the LTV at...
FixedFloat Was Hacked Twice in Less Than a Month
by guido
TL;DR The crypto industry faces constant challenges with cybercrime. The recent hack of the DEX FixedFloat marks another alarming incident. In less than a month,...
US States Eye Cardano Blockchain for Voting Security: What Could This Mean?
by fernando
TL;DR Several US states have approached the Cardano Foundation to explore blockchain-based voting solutions. The CEO of the Cardano Foundation, Frederik Gregaard, confirmed the interest...
Vitalik Buterin’s Insight on Layer 3 Networks
by jose
TL;DR Vitalik Buterin’s Perspective: He acknowledges the cost-saving potential of Layer 3 (L3) networks but suggests there are simpler ways to achieve these savings without fully...