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PancakeSwap launches Telegram Swap Bot for crypto trading access

PancakeSwap’s new Telegram bot lets users trade over 3,000 tokens from the app, highlighting DeFi’s growing accessibility.

PancakeSwap, one of the largest decentralized exchanges (DEXs) on the BNB Chain, has introduced a Telegram bot that enables users to trade cryptocurrencies directly from the messaging app.

The bot currently supports trading for over 3,000 tokens, making decentralized finance (DeFi) transactions potentially more accessible to a wider audience familiar with Telegram.

The Telegram Swap Bot will enable users to trade tokens on PancakeSwap v2, v3 and stableswap on the BNB Chain.

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WazirX plans on launching a decentralized exchange

WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange.

Nischal Shetty, the founder of the popular Indian crypto exchange WazirX, announced the company is expanding operations and exploring building a separate decentralized exchange (DEX) that will operate alongside the company's current centralized service.

According to Shetty, the decision to launch a DEX is a response to the July 2024 WazirX hack — which drained the exchange of approximately $235 million in user funds — and should help eliminate the counter-party risk inherent in centralized platforms. The WazirX founder asserted:

The WazirX founder also revealed plans to launch a corresponding DEX token to pay for fees on the platform and provide an instrument for governance.

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Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others

Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others

Decentralized exchange (DEX) Uniswap (UNI) is launching a new bridge that will allow users to access other blockchains outside of Ethereum (ETH). In a new blog post, Uniswap Labs says that it’s launching the bridge in collaboration with Across Protocol (ACX), allowing users to swap crypto assets between nine different blockchains directly from the Uniswap […]

The post Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others appeared first on The Daily Hodl.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly $700,000 Over Alleged Securities Violations

U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly 0,000 Over Alleged Securities Violations

The U.S. Securities and Exchange Commission (SEC) has agreed to a settlement with the Solana (SOL)-based decentralized exchange (DEX) Mango Markets over alleged regulatory violations. The SEC alleges that the DEX’s decentralized autonomous organization (DAO) skirted registration provisions and deprived investors of critical protections. The regulator says Mango DAO raised more than $70 million from […]

The post U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly $700,000 Over Alleged Securities Violations appeared first on The Daily Hodl.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Phantom Wallet Joins Dydx, Easing Access for 7 Million Users

Phantom Wallet Joins Dydx, Easing Access for 7 Million UsersDydx has announced its integration of the Phantom Wallet, a leading Solana-based non-custodial wallet, into its decentralized finance (defi) platform. This integration aims to simplify access for over 7 million Phantom users, aligning with Dydx’s goal to broaden participation in decentralized trading. Phantom Wallet Is Now on Dydx, Enhancing User Access The new integration allows […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

Coinbase Launches Wrapped Bitcoin for Ethereum and Base NetworksCoinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange, […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Ethereum Fees Plummet—Etherscan Adds Decimals to Keep Up With Gas Drop

Ethereum Fees Plummet—Etherscan Adds Decimals to Keep Up With Gas DropOver the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei. Etherscan’s New Decimal […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Dydx Introduces Major Chain Upgrade With New Features

Dydx Introduces Major Chain Upgrade With New FeaturesDecentralized exchange Dydx has announced a significant upgrade to its chain, introducing new features designed to enhance market liquidity and security. The update, set for release this autumn, marks the largest change to the Dydx Chain since its launch. Dydx Introduces Permissionless Market Listings and Megavault in Upcoming Chain Overhaul According to the announcement, the […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Avraham Eisenberg Seeks Acquittal of Mango Markets Conviction

Avraham Eisenberg Seeks Acquittal of Mango Markets ConvictionAvraham “Avi” Eisenberg, who was previously convicted of commodities fraud, commodities manipulation, and wire fraud related to his trading activities on Mango Markets, is pushing for his conviction to be cleared. Eisenberg’s legal team has filed a motion for judgment of acquittal or, alternatively, a new trial, citing several legal and evidentiary flaws in the […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Over $1B wiped out in crypto liquidations as global markets suffer

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.

Crypto investors and traders lost approximately $1.08 billion in total liquidations amid uncontrolled falling prices of prominent cryptocurrencies, including Bitcoin, Ether and Solana.

On Aug. 5, crypto market prices saw a significant decline owing to the weakening global economy, which was catalyzed further by the sudden crash of Japan’s stock market. In the process, nearly 300,000 crypto traders were liquidated from their leveraged positions or collateral trades, according to data from Coinglass.

Amid the ongoing bear market, the prices of the most popular cryptocurrencies depreciated, with Bitcoin (BTC) and Ether (ETH) falling by over 10% and 20%, respectively. As a result, crypto traders anticipating a prolonged bull run lost their positions in the bloodbath.

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MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin