World Liberty Financial (WLFI), a crypto project backed by the Trump family, confirmed its plans to launch a governance token during a live stream. The token will be offered under an SEC Regulation D exemption, Rule 506(c) allowing only accredited investors to participate. Unlike typical crypto tokens, the WLFI token
Donald Trump revealed the launch date for his family’s crypto project, World Liberty Financial. The launch is set for Monday, just 50 days before the upcoming U.S. election, stirring speculation in both political and financial circles. The project, which his son will spearhead, aims to embrace the future of decentralized
DeFi projects have become quite huge in number in the past few months. Partnerships between different web3 ecosystems are a cornerstone of DeFi advancements. Recently, the DeFi project Kujira has announced a partnership with three other ecosystems to build the layer 2 THORChain app. Notably, the ThorChain is utilized by
Snapshot X, a governance platform designed for decentralized autonomous organizations (DAOs), has officially launched, offering a Layer 2-based protocol that enables onchain voting without gas fees. This breakthrough is powered by Starknet’s roll-up technology, which aims to streamline the often costly and inefficient voting processes in blockchain projects. Traditionally, DAOs
Rocko, a new marketplace for accessing the best crypto-backed loans, has officially launched! Crypto owners can now use Rocko to quickly secure loans using their crypto assets as collateral, avoiding the need to sell their holdings. Users can access competitive rates from leading DeFi protocols — starting with Compound —
Pendle, a well-known decentralized finance (DeFi) protocol, has announced that it successfully safeguarded around $105 million in funds following a recent cyber attack on Penpie, a yield optimization tool within the Pendle ecosystem. The incident occurred on Tuesday, targeting Penpie’s protocol and raising significant security concerns. According to a post-attack
21Shares has officially launched 21BTC, a new Bitcoin wrapper on the Ethereum network. This product allows users to access Bitcoin’s value while utilizing the diverse functionalities of Ethereum’s decentralized finance (DeFi) ecosystem. By introducing 21BTC, 21Shares aims to bridge the gap between the two most dominant cryptocurrencies, offering a unique
1inch Network is making significant steps in decentralized finance (DeFi) as a leading decentralized exchange (DEX) aggregator. The 1inch team recently spent $1.75M to purchase 7.96M 1inch tokens at $0.22 each. The team has invested around $5.49M since July 5, purchasing 22.4M tokens at an average price of $0.25 each.
The Bitcoin-based DeFi industry is heading for a shakeup following news that BitGo, creator of the “Wrapped Bitcoin” or wBTC token that’s used to represent BTC on the Ethereum blockchain, is working with new custodians in Hong Kong and Singapore. As experienced DeFi stalwarts will know, wBTC provides users with
In August, the DeFi protocols fee accumulation dropped 24% from July. DeFi protocol’s total amount of fee, excluding the base layers is $288 million. This has recorded the lowest since February. In February, the total was $265.18 million. Uniswap led the list with protocol fees of over $85.44 million. August’s
