Category: DeFi
Ethena Accused of Misusing Funds and Diluting Profits for Users
Ethena, an Ethereum-based protocol, was accused of using its own funds to generate rewards in its staking events. Ethereum-based synthetic dollar protocol has been accused…
Sky Considers Rebrand Adjustments After Mixed Feedback
Sky rethinks its rebrand after mixed feedback from the community, exploring options for Maker’s role and future tokenomics changes. Sky, the stablecoin-focused DeFi protocol formerly…
DNA Fund Acquires Coral Capital to Increase AUM by $50M
DNA Fund raises AUM and strengthens digital asset investments. Coral Capital’s experience boosts DNA Fund’s Web3 and blockchain focus. DNA Fund has announced the acquisition…
TON Blockchain Could Revive DeFi and Enable Mass Crypto Adoption, GSR Report Says
As DeFi tokens have declined in value more than other popular crypto niches, TON could emerge as a saving grace. Telegram-developed, open-source, decentralized blockchain TON…
Solv Protocol Introduces Staking Token for Bitcoin Yields
SolvBTC.JUP provides 8% return for Bitcoin holders via Solana’s DeFi. Delta-neutral methods reduce volatility issues, resulting in steady DeFi returns. Solv Protocol has launched SolvBTC.JUP,…
EigenLayer X Account Hacked, Cybercriminals Launch Phishing Campaign
EigenLayer’s X is experiencing a hack, with cybercriminals launching a fake airdrop campaign to scam users. Restaking protocol EigenLayer’s X account has been hacked as…
Kraken Enters the Wrapped Bitcoin Competition, Introduces kBTC
Kraken brings its wrapped bitcoin token kBTC, following Coinbase, which launched cBTC a few months ago. Cryptocurrency exchange Kraken has introduced its wrapped bitcoin token,…
Hermetica Raises $1.7M Seed Fund to Expand Bitcoin DeFi with USDh
Hermetica raises $1.7M to support the creation and expansion of the USDh stablecoin. USDh offers a Bitcoin-backed, yield-generating alternative to fiat conversions. Hermetica, the developer…
Binance Labs Invests in Lombard Bitcoin DeFi Project LBTC
Binance Labs invests in Lombard Bitcoin DeFi project LBTC, aiming to expand adoption and integrate Bitcoin with decentralized finance. Binance Labs has announced a new…
