On Friday, February 23, Uniswap’s native token UNI saw a significant surge in value. The decentralized exchange’s decision to alter the fee system in favor of UNI token staking is the primary reason for the 75% price increase in Uniswap. However, at the time of writing, the price faced a
Hong Kong’s Securities and Futures Commission (SFC) has seen a surge in crypto license applications from both local and global players in the past two months. On Feb. 20, Huobi HK, the Hong Kong arm of crypto exchange Huobi, became the 18th applicant for a virtual asset trading platform license.
Flare, the data blockchain, and Sindric Solutions have partnered to introduce XDFi, a revolutionary decentralized futures technology developed by Wall Street professionals. With its mission to provide a non-custodial, trustless futures contract purchase environment that is operational around the clock, XDFi seeks to elevate industry standards for efficiency and compliance.
Coinbase Global (COIN), the Nasdaq-listed cryptocurrency exchange, saw one of its largest institutional supporters, ARK Invest, sell about $90 million worth of its shares on Friday. This happened after the exchange posted strong fourth-quarter earnings that led to several analyst upgrades. Coinbase shares surged nearly 27% to $180.31 last week,
Most qualified creditors have already received their liquid crypto payments via PayPal and Coinbase, the two distribution agents of the defunct crypto lender Celsius, as per the announcement. The legal team representing Celsius, Kirkland & Ellis, recently updated the court on the payouts to creditors as stated in the restructuring
Uniswap, a decentralized crypto exchange, has dropped signals on twitter about the impending release of Uniswap V4, an automated market maker protocol that is non-custodial, non-upgradeable, and permissionless. Uniswap V4 is expected to be released somewhere in the third quarter of this year, according to the twitter post. The protocol
Sushi, a decentralized finance (DeFi) firm, plans to introduce Susa, a decentralized derivatives platform on Layer N, an Ethereum Layer 2, in an effort to mimic certain features of centralization for decentralized platforms. According to Jared Grey, head chef at Sushi: “Sushi is excited to partner with Layer N, as
After EigenLayer temporarily lifted its deposit limitations, its TVL surged to roughly $6 billion in the previous three days. According to DeFiLlama statistics, the amount of assets submitted to the restaking protocol has increased by around 170% from $2.15 billion when the window started on Feb. 5 to $5.85 billion
The Cronos-based cryptocurrency lending protocol Orby Network has made interest-free $USC borrowing available. Because of this, borrowing Orby’s native stablecoin over the Cronos network for decentralized finance objectives is possible without having to pay exorbitant or variable interest costs. On the Cronos EVM blockchain, Orby is one of the most popular contemporary
EigenLayer, an Ethereum-based liquid restaking protocol, temporarily lifted its staking cap 14 hours ago, and since then, the total-value locked (TVL) has increased by a whopping $1 billion. In an effort to “invite organic demand” to the network, EigenLayer stated on February 5 that it will temporarily remove its 200,000
