Rome Blockchain Labs (RBL) is developing Sceptre, a private beta blockchain for data platform, while also developing Kinetic, a lending and borrowing platform. To optimize the FLR token’s functionality, the two protocols will work hand in hand. Three native reward mechanisms are built into Flare: delegating to the Flare Time Series
May 30, 2024 2 mins read
Users of the now-defunct Earn lending program have started to get their funds via cryptocurrency exchange Gemini. A statement on May 29 states that members of Gemini’s Earn program received $2.18 billion in digital assets, which amounts to 97% of the assets owed to them and a 232% recovery after
May 30, 2024 1 min read
The RWA tokenization protocol Blocksquare revealed today that $100 million worth of tokenized assets had been tokenized. This announcement coincides with the launch of Blocksquare’s launchpad, Oceanpoint v0.5. The noteworthy accomplishment of tokenizing $100 million in real estate assets on its platform features 118 distinct properties, ranging from apartments to
May 29, 2024 1 min read
DeFi has had a significant capital inflow in 2024, resulting in a 75.1% increase in TVL year-to-date (YTD) to US$94.9B from US$54.2B at the beginning of the year. Nearly all DeFi sectors have benefited from this increase, including big and specialized markets. As a result, differentiated markets have emerged, enabling
May 23, 2024 3 mins read
An appeal was successful by crypto exchange Binance’s subsidiary Binance US, against the Emergency Suspension Order (ESO) issued by the state regulator of Florida, according to a decision handed down by the Florida First District Court of Appeal on Wednesday. Changpeng Zhao and Binance Holdings’ plea agreements for failing to
May 23, 2024 1 min read
The liquid restaking platform Kelp DAO has reached a significant milestone in its quest to improve the restaking landscape and decentralized finance (DeFi) by announcing the closing of a $9 million private sale round. The round was spearheaded by a $3.5 million investment from SCB Limited, a Bahamas-based proprietary trading business,
May 22, 2024 2 mins read
Uniswap Labs has finally responded to the SEC’s Wells notice, urging the agency to drop its enforcement action against the firm. Allegedly operating as an unregistered securities exchange and broker, the corporation has been in violation of securities laws, according to the April notification. According to Uniswap Labs, the SEC
May 22, 2024 2 mins read
In a huge step forward, Uniswap Labs—the firm behind the decentralized cryptocurrency exchange Uniswap—has introduced ERC-7683 for cross-chain purposes. A new proposal was brought to light today, in partnership with the Across Protocol, with the purpose of establishing a unified framework for intents-based systems for defining cross-chain actions. By working
May 20, 2024 1 min read
A $2 billion settlement has been reached between the New York State Attorney General’s office and Genesis Global Holdco. Prolonged discussions stemming from allegations of misrepresenting Genesis-related financial activities led to this conclusion. Genesis is now in the bankruptcy process, therefore the deal must be accepted by a bankruptcy court.
May 20, 2024 2 mins read
The purpose of Decentralized Funding protocol Polimec’s introduction is to usher in a new phase of community-funded Polkadot initiatives. Teams may issue tokens and raise funds transparently using the protocol while still adhering to regulatory requirements. The infrastructure solution for web3 developers, Apillon, is the first project to be featured on Polimec. Investors now
May 20, 2024 2 mins read