Category: DeFi
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DeFi Protocol Threshold Wants to Merge with WBTC
Threshold has proposed a merger of its tBTC token with WBTC as the industry is concerned for the latter’s future. Threshold, a protocol offering a…
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BounceBit to Launch CeDeFi V2 Platform with Modifications for DeFi and Gaming
BounceBit V2 will improve its CeDeFi platform with expanded DeFi, AI, and gaming features. The launch serves as BTCfi, which allows Bitcoin staking via BounceClub…
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Radix Cuts Workforce by 15% in Strategic Company Shift
Radix is reducing staff by 15% to save money and concentrate its strategy. CEO Piers Ridyard guarantees major projects will proceed without interruption. Radix, a…
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ParaFi Capital Raises $120 Million to Invest in Crypto Fund GP Shares
ParaFi Capital, a digital asset management firm based in New York, has successfully raised $120 million from investors, including Theta Capital Management and Accolade Partners,…
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Maker Rebrands to Sky, Replaces DAI With USDS Causing Worry Over Freeze Function
Household DeFi protocol Maker replaced its decentralized DAI stablecoin with centralized USDS as it rebranded to Sky. Users are not happy. DeFi lending protocol, Maker,…
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Celsius Has Refunded $2.5 Billion to Two-Thirds of Its Creditors
Celsius has repaid 251,000 creditors, with 121,000 left to go. So far, it has paid 93% of the funds it owes. The defunct crypto company…
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PayPal Teams Up with Anchorage to Launch Interest Rewards for PYUSD Holders
PayPal collaborates with Anchorage Digital to offer interest rewards on PYUSD holdings. The initiative is meant for institutional investors who operate outside of US regulatory…
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12,000 Bitcoin Removed from USDD Reserves, Sun Responds
Tron founder Justin Sun has downplayed concerns following the removal of 12,000 Bitcoin, worth over $729 million, from the reserves backing Decentralized USD (USDD), a…
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Taiko Partners with MeridianFi for Enhanced Lending Protocol
Taiko, an Ethereum-based permissionless rollup, has announced a strategic partnership with MeridianFi, a decentralized protocol for stablecoin lending and borrowing. This partnership is expected to…
