#DeFi

DeFi market sell-off

DeFi Sector Hit by Major Sell-Off Amid Economic Concerns

The decentralized finance (DeFi) sector experienced significant market turmoil late Sunday, as proprietary trading firm Jump Crypto initiated large-scale asset transfers to exchanges, coinciding with a broader market retreat due to escalating economic and geopolitical tensions. What caused the DeFi Market Sell-Off? Sudden Moves by Jump Crypto Jump Crypto, a subsidiary of Jump Trading, began […]

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Uniswap Challenges SEC: A Stand for DeFi’s Autonomy

Uniswap, a leading decentralized exchange (DEX), has openly challenged the U.S. Securities and Exchange Commission’s (SEC) recent attempts to regulate the decentralized finance (DeFi) sector. This confrontation follows closely on the heels of the U.S. Supreme Court’s landmark decision to eliminate Chevron deference, significantly altering the landscape of administrative law and regulatory oversight. In a

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Telegram’s Blockchain Leap: TON Partners with Polygon

The Open Network (TON), closely linked to the well-known messaging platform Telegram, is set to unveil its first layer-2 scaling network through a collaboration with Polygon Labs. This strategic partnership is designed to connect TON with the Ethereum ecosystem, utilizing Polygon’s Chain Development Kit (CDK) and AggLayer interoperability protocol to support Ethereum Virtual Machine (EVM)

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Zeta’s Airdrop Success: A New Era in Solana’s DeFi Landscape

Zeta Markets, a Solana-based decentralized exchange (DEX), has made a significant impact with its latest airdrop event, exceeding all prior expectations. On Thursday, Zeta launched an airdrop consisting of 100 million ZEX tokens, representing 10% of the token’s total supply. This strategic distribution was aimed at rewarding the long-term users of the platform, particularly those

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UwU Lend Suffers Second Hack Amidst Reimbursement Efforts

UwU Lend, a decentralized finance (DeFi) protocol, has been targeted once again by the same hacker who orchestrated a $20 million exploit on June 10. The protocol was in the process of reimbursing users when the attacker struck again, stealing an additional $3.7 million. Cyvers, a blockchain security firm, alerted users to the ongoing exploit

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Michael Egorov Reaffirms Commitment to Curve Amidst Financial Setbacks

Michael Egorov, the founder of Curve Finance, has recently faced significant financial turbulence with the liquidation of over 100 million regular CRV tokens due to margin calls. Despite this, Egorov has expressed his unwavering commitment to the project, emphasizing that his exposure is now primarily through vote-escrow (ve) CRV tokens, which align his interests closely

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