Wall Street's cautious approach to DeFi highlights the tension between innovation and regulatory compliance, impacting the future of financial markets.
The post Why Wall Street is still wary of DeFi appeared first on Crypto Briefing.
DeFi
Jito releases open-source code for restaking on Solana
Jito's open-source release could boost Solana's economic security and flexibility, potentially revitalizing interest in the struggling restaking sector.
The post Jito releases open-source code for restaking on Solana appeared first on Crypto Briefing.
Decentralized Exchange dYdX Suffers Security Breach Amid Talks To Sell Trading Software: Report
The developer of the decentralized finance (DeFi) exchange dYdX is reportedly negotiating the sale of its derivatives trading software for an undisclosed amount. Citing anonymous sources, Bloomberg reports that dYdX Trading is in talks to sell dYdX v3 software to potential buyers, which include the algorithmic crypto trading company Wintermute Trading and the venture capital […]
The post Decentralized Exchange dYdX Suffers Security Breach Amid Talks To Sell Trading Software: Report appeared first on The Daily Hodl.
P2P.org integrates Avail Network, offers 0% staking fees for early adopters
Early adopters benefit from 0% staking fees, potentially accelerating Avail Network's growth and strengthening P2P.org's market position.
The post P2P.org integrates Avail Network, offers 0% staking fees for early adopters appeared first on Crypto Briefing.
RiskLayer secures funding to enhance DeFi security middleware on EigenLayer
RiskLayer's funding to enhance DeFi security middleware could significantly impact DeFi adoption and market stability, drawing regulatory attention.
The post RiskLayer secures funding to enhance DeFi security middleware on EigenLayer appeared first on Crypto Briefing.
Decentralized Finance TVL Recovers to $100B After July Lows
Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold. Lido Leads Defi […]TON Foundation to Launch Bitcoin Bridge on The Open Network
The TON Foundation has announced the upcoming launch of TON Teleport BTC, a bridge designed to facilitate trustless and secure transfers of bitcoin to and from The Open Network (TON). This initiative aims to expand bitcoin’s utility by enabling its use in decentralized finance (defi) activities on the TON platform. TON Foundation Announces Bitcoin Bridge […]Worldcoin faces ‘scam’ allegations after extending token lockup by 2 years
Worldcoin faces allegations of price manipulation after delaying unlocking 80% of its native tokens.
The eyeball-scanning human identification project Worldcoin faces allegations of price manipulation and scam a day after the project delayed unlocking 80% of its native token.
On July 16, Worldcoin developer Tools for Humanity (TFH) announced changes to its native token unlock schedule. The organization extended the unlock schedule for 80% of Worldcoin (WLD) tokens held by its investors and team members.
The tokens were initially set to be unlocked over three years. However, the new update pushes the unlock to over five years, beginning on July 24. With this, WLD tokens will be unlocked progressively in the next four years, concluding in July 2028.
Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1
Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi operations using layer two (L2) solutions like Stacks. Hermetica Launches BTC-Backed Stablecoin USDH Hermetica‘s USDH offers Bitcoin holders a new way to maintain […]Lifi Finance Hit by $8 Million Exploit, Warns Users to Avoid Applications
According to reports, the decentralized finance (defi) protocol Lifi Finance experienced an $8 million loss due to an exploit. Lifi confirmed the breach on X and advised users to avoid interacting with Lifi-powered applications. Lifi Finance Loses $8 Million to Exploit On Tuesday, the onchain security firm Peckshield revealed that Lifi Finance had been compromised, […]