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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 […]

Changpeng Zhao denies reports of a Binance.US deal, defends Trump

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 […]

Changpeng Zhao denies reports of a Binance.US deal, defends Trump

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 […]

Changpeng Zhao denies reports of a Binance.US deal, defends Trump

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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Changpeng Zhao denies reports of a Binance.US deal, defends Trump

Whales prepare for next altcoin rally, DeFi is ‘waking up’ — Finance Redefined

Crypto whales are positioning themselves for the next “altcoin season,” while DeFi loans are seeing a resurgence back to 2022 highs.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week.

This week brought renewed crypto interest from large holders, or whales, who are positioning themselves for the next potential altcoin rally through “strong buy walls” for future altcoin demand.

The decentralized finance (DeFi) space is also experiencing a revival, as active DeFi loans have risen to above $13.3 billion, which is a level not seen since 2022.

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Changpeng Zhao denies reports of a Binance.US deal, defends Trump

Binance Labs Announces Investment in New Cross-Chain DEX and Bridging Aggregator

Binance Labs Announces Investment in New Cross-Chain DEX and Bridging Aggregator

Binance’s venture capital arm is announcing an investment into a new cross-chain decentralized exchange (DEX) and bridging aggregator. In a new blog post, the world’s largest crypto exchange by volume says that it is investing an unspecified amount of money into interoperability DEX Rango. Rango is a cross-chain exchange that aggregates sources and connects traders […]

The post Binance Labs Announces Investment in New Cross-Chain DEX and Bridging Aggregator appeared first on The Daily Hodl.

Changpeng Zhao denies reports of a Binance.US deal, defends Trump

Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price Updates

Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price UpdatesThe decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated markets and margins, designed to refine risk management and collateral usage. Dydx Chain Launches Upgrade According […]

Changpeng Zhao denies reports of a Binance.US deal, defends Trump

Hulk Hogan’s X Posts Vanish After HULK Meme Token’s Sharp Rise and Fall

Hulk Hogan’s X Posts Vanish After HULK Meme Token’s Sharp Rise and FallA new meme token, hulkmania (HULK), has recently entered the dynamic world of meme coins. It appears to have garnered attention from the legendary wrestler Hulk Hogan’s X account, which referenced it on the social media platform. However, the post on the @hulkhogan X account has been deleted, raising the possibility that his account may […]

Changpeng Zhao denies reports of a Binance.US deal, defends Trump

Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses

Decentralized Exchange Velocore Confirms Breach, Reports .8 Million in Financial LossesThe decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within the CPMM Pool Contract The decentralized exchange Velocore on Zksync […]

Changpeng Zhao denies reports of a Binance.US deal, defends Trump

Uniswap Foundation postpones vote on incentives

Users imply that the unnamed VC firm’s actions had revealed its significant influence, which could be seen as a mistake, undermining the decentralized values.

The Uniswap Foundation — the organization overseeing the decentralized exchange Uniswap — has postponed May 31’s highly anticipated vote on UNI staking and delegation rewards. 

The foundation announced on X that it postponed the vote due to a concern raised by a stakeholder. This prompted a more thorough review and examination of the proposal, leading to a delay in the decision-making process.

The vote would have moved the decentralized exchange closer to activating its “fee switch” and giving incentives to UNI tokenholders who staked and delegated their tokens.

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Changpeng Zhao denies reports of a Binance.US deal, defends Trump