DeFi
Adoption
Tether stablecoins are launching on high-speed Avalanche network
The stablecoin is now available on over nine different blockchains like Ethereum, Tron, Solana, and others.
DeFi
DeFi protocol Yearn Finance acquires $408,000 worth of YFI
The acquisition was made as part of a periodic, planned buyback.
Adoption
23% of Gen Z is investing in memes like Dogecoin (only 9% in NFTs)
Think every young investor was investing only in Dogecoin shunning stocks?
Analysis
Wall Street veteran says these Tether risks are behind crypto market selloff
Avanti Bank’s Caitlin Long said last week’s sell-off was linked to Tether’s release on its financial reserves.
Analysis
$2.38 billion ‘rekt’ in crypto markets as Bitcoin drops to $42,000
Liquidations ran rampant as crypto markets fell by double-digit percentages.
Stablecoins
Bank of England deputy governor says stablecoins are a shift away from ‘public money’
The officials made the comments during a speech at OMFIF Digital Money Institute yesterday.
Technology
DeFi, staking are live on OMG Network via an Ethereum scaling solution
The high-speed layer-2 technology allows users to interact with Ethereum dApps minus the skyhigh fees.
Stablecoins
Tron (TRX) issues $30.9 billion in USDT as Tether reveals reserves
The controversial blockchain has now issued the highest supply of the dollar-pegged stablecoin.
Technology
Mark Cuban reaffirms Bitcoin plans after Tesla snub sparks concerns
The Dallas Mavericks owner does not agree with Tesla’s position on the asset’s energy usage.
Analysis
Traders lost $200 million trading Dogecoin and Shiba Inu (SHIB) yesterday
Perhaps trading petcoins on leverage is not such a great idea after all.
DeFi
Chainlink, SushiSwap execs join non-profit GoodFi to bring ‘DeFi to 100 million people’
Some of the largest crypto projects are working together to improve education and adoption of DeFi among the masses.
DeFi
Crypto exchange Huobi launches $100 million fund to support early-stage DeFi projects
The parent of the popular Huobi exchange eyes emerging blockchain, DeFi, and NFT projects as its new investment arm consolidates the company’s venture investment strategy