Tim Draper Launches New Crypto Venture Studio Draper Goren Blockchain
According to Decrypt, Tim Draper, the well-known Silicon Valley venture capitalist and founder of DFJ Investment Fund, launched a risk studio focused on cryptocurrency called Draper Goren Blockchain (DGB), aimed at accelerating the development of decentralized finance (DeFi) innovation, network expansion solutions, and consumer applications such as games and social experiences to cope with the continuing bear market.
Liquid Staking Emerges as Dominant Segment in DeFi Sector, Surging to $20 Billion in Assets
According to Bloomberg reports, liquid staking has experienced a significant resurgence, with assets locked in liquid staking services surging by 292% to reach $20 billion. This surge has positioned liquid staking as the dominant segment in decentralized finance (DeFi), surpassing the previous top application, lending.
Number of Large Ethereum Holders Hits 9-Month Low, Prompting Concerns About Investor Sentiment and Ecosystem Health
Recent data reveals that the number of addresses holding 100 or more Ethereum coins has reached a 9-month low, prompting concerns about the state of Ethereum and its ecosystem. This decline in "whale" addresses could be attributed to market volatility, regulatory uncertainties, and the rise of decentralized finance and non-fungible tokens.
Curve Finance Launched the Exclusive Page “Integrations” for Ecological Project Information Display
Curve Finance announced on its official Twitter account that its platform has launched a dedicated page for showcasing ecosystem project information called "Integrations". The goal is to list the applications built within the Curve ecosystem, which are currently divided into six categories: automation, decentralized finance, gaming/NFT, learning/data, voting/incentives, and other.
Glassnode Report: Maker and Compound Tokens Leading DeFi Resurgence on Ethereum Ecosystem
According to blockchain analytics firm Glassnode, two coins from the Ethereum ecosystem, Maker (MKR) and Compound (COMP), are driving a new resurgence in decentralized finance (DeFi). Glassnode's DeFi index, consisting of the eight largest DeFi tokens by market cap, has outperformed Ethereum for the first time since September 2022, with MKR and COMP leading the trend.
Curve Finance Warns Users to Beware of Twitter Scams
Curve Finance, a leading decentralized finance (DeFi) platform, has issued a warning to users regarding scams on Twitter. Numerous accounts impersonating DeFi projects have been engaging in fraudulent activities.In a recent statement, Curve Finance emphasized that their official account does not have any verification mark, while most scam accounts display either a blue or yellow mark.
Tapio Finance Announces Integration with Maverick as Primary Liquidity Provider
Tapio Finance, a decentralized finance project, is forging partnerships ahead of its mainnet launch.Tapio Finance announced integration with Maverick, DEX in the DeFi space.Maverick will serve as the primary trading venue for $tapETH liquidity on both the testnet and mainnet.
BakerySwap Announces $PUNK Airdrop for Community Members Based on ETH Holdings
BakerySwap, a popular platform in the decentralized finance (DeFi) space, has revealed an exciting opportunity for the Bakery community. Punk X, a prominent project, will be launching a significant $PUNK airdrop exclusively for BakerySwap participants, determined by their ETH holdings on the Base platform.To take part in this airdrop, community members should follow these steps:1️⃣ Send 0 ETH on #Base to the address 0x3d36d5E7b1E22625d8b5f14B21AEcf0e97eC96C1.2️⃣ Follow @PunkXWorld and @bakery_swap on Telegram.3️⃣ Join the BakerySwap Telegram group at <a href="http://t.me/bakeryswap" target="_blank">http://t.me/bakeryswap</a>.
Crypto Analyst Predicts Short Squeeze for DeFi Altcoin After $41 Million Hack
Crypto strategist Credible Crypto suggests that Curve (CRV), a decentralized finance (DeFi) platform, may experience a short squeeze due to a significant amount of short interest. However, if the native token on the platform does not decrease in value soon, it could trigger a short squeeze.
Curve Finance Hack Causes 8% Drop in Ethereum's Total Value Locked (TVL)
The recent hack of decentralized finance protocol Curve Finance has had negative implications for multiple blockchains in the Web3.0 ecosystem, with Ethereum being one of the most affected. The total value locked (TVL) on Ethereum's Layer 1 network has dropped by almost 8% since the Curve attack went mainstream.
