Chainlink: CCIP will create the world’s largest liquidity layer
Chainlink stated on social media that CCIP will create the world's largest liquidity layer.
Last week saw four of the largest cryptocurrency funding rounds in recent months
Last week saw the four largest cryptocurrency financings in several months. Cryptocurrency trading and wallet service Blockchain.com raised $110 million in a series E financing led by Kingsway. OSL's parent company, a cryptocurrency exchange, raised $91 million through stock subscriptions. Tokenized currency company Fnality announced the completion of a $95 million financing round led by Goldman Sachs. Cryptocurrency media The Block CEO Larry Cermak confirmed on his social platform that Foresight Ventures acquired The Block for $70 million valuation.
Uniswap has launched automatic detection of transfer fees on Android and iOS
Uniswap Labs announced on social media that the Uniswap application has launched the automatic detection of transfer fee (FOT) function on Android and iOS, so users know clearly the fees they will pay before the exchange.
Synthetix Announces Perps V3 Coming Soon
Synthetix announced on social media that Perps V3 is about to be launched, which will build on the huge success of V2. V2 brought a paradigm shift to on-chain perpetuals, focusing on risk management and introducing standard features such as dynamic funding rates and price impact. These innovations, along with deep liquidity and low fees (thanks to Pyth Network), have driven the platform's trading volume to over $30 billion, generating millions of dollars in fees for liquidity providers.
DeFi credit market Credix Finance secures US$60 million in credit facilities
DeFi lending market Credix Finance announced that it has secured a $60 million credit line. The loan was obtained through a partnership with an alternative investment management company in the United States that focuses on asset-based lending opportunities and manages a $3 billion investment portfolio.
Slow Mist Cosine: Trader Joe’s front-end was tampered with, and the contract address was replaced with a phishing address
DeFi protocol Trader Joe has received an alert about a possible vulnerability in the front-end interface. Our team is conducting a thorough investigation immediately. We strongly recommend that all users do not trade or execute any transactions on Trader Joe DEX. SlowMist founder Yu Xian posted on X platform that the Trader Joe front-end has been tampered with (currently unable to open), and the contract address has been replaced with a phishing contract address.
Nostr: No plans to list Dragon Taproot token
Nostr Asset Agreement posted on X platform stating that Dragon Taproot is spreading misleading information about launching its tokens on our platform. This is incorrect. Please be aware and stay away from any statements that contain other implications.
Bloomberg: The DeFi field is being dominated by top projects, and competitiveness has declined significantly since the collapse of FTX
According to data compiled by crypto risk modeling company Gauntlet, the DeFi sector is still dominated by a few participants and has yet to recover from the FTX collapse a year ago. Most of the funds in the DeFi category are concentrated in a few top projects.
DeFi lending protocol Morpho deploys Morpho Blue and MetaMorpho contracts on Goerli testnet
DeFi lending protocol Morpho has announced the deployment of Morpho Blue and MetaMorpho contracts on the Goerli test network, as well as the release of a new Morpho interface. With Morpho Blue, isolated lending markets can be created by specifying any loan asset, any collateral asset, liquidation LTV (LLTV), oracle, and interest rate model. Morpho also introduces the AdaptiveCurveIRM, an immutable interest rate model designed specifically for Morpho Blue, which aims to maintain the ratio of borrowed assets to supplied assets (often referred to as utilization) at a target of close to 90%.
Pyth Network: PYTH airdrop will allocate approximately 55 million new coins to DeFi users
BlockBeats News, on November 16th, the Pyth Network, a oracle project, officially announced that the airdrop coverage for DeFi participants has been expanded. Previously, it was announced that 200 million PYTH tokens would be distributed in the airdrop. An additional approximately 55 million PYTH tokens have been added to the distribution for DeFi participants, bringing the total amount of the airdrop to approximately 255 million PYTH tokens.
