DeFi - Crypto News And Market Updates

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River Protocol Acquires Llama to Advance Decentralized Governance

November 2, 2024 Gonzalo

River acquires Llama to enhance governance with open-source smart contracts, empowering its ecosystem with secure, decentralized management tools.

Blockchain

Consensys Challenges SEC’s Claims Over MetaMask’s Regulatory Status

November 2, 2024 Gonzalo

Consensys disputes SEC claims against MetaMask, asserting the agency’s stance lacks legal grounding and poses a constitutional threat to decentralized finance.

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Tether to Launch Dirham-Pegged Stablecoin on TON Blockchain: A Boost for UAE’s Digital Finance

November 1, 2024 Gonzalo

Tether to launch dirham-pegged stablecoin on TON, marking UAE’s blockchain expansion. TON reached 1B USDT in six months, reflecting rapid adoption.

BitGo Appoints Former Silvergate President to Spearhead USD Standard Stablecoin

November 1, 2024 Gonzalo

BitGo appoints former Silvergate president Ben Reynolds to lead its stablecoin USD Standard, aiming for a secure and resilient financial ecosystem.

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South Korea’s Crypto Investor Base Reaches 7.78 Million, Marking 21% Growth in First Half of 2024

October 31, 2024 Gonzalo

South Korea’s crypto investor count surged to 7.78M in 2024’s first half, up 21%, spurred by Bitcoin’s rise and pro-crypto U.S. policy shifts.

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Kraken Joins Crypto Exodus with 15% Workforce Layoffs

October 31, 2024 Gonzalo

Kraken cuts 15% of its workforce amid industry-wide layoffs, joining Consensys and DYDX. New co-CEO Arjun Sethi aims to refocus the exchange’s strategy.

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Ukraine and Russia Lead Global Crypto Adoption Amid Rising Geopolitical Instability

October 30, 2024 Gonzalo

Eastern Europe’s crypto adoption surges, led by Ukraine and Russia, with robust growth in both institutional and retail sectors, Chainalysis reports.

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Ripple’s Chris Larsen Sees Kamala Harris as Key to Revamping Biden’s Crypto Policy

October 29, 2024 Gonzalo

Ripple’s Chris Larsen supports Kamala Harris to amend Biden’s crypto policy. His $10M XRP donation reflects a push for pro-innovation regulation.

Illustration depicting a DeFi liquidity crisis involving Euler Finance and Telos blockchain connections.

Truth Terminal Founder’s X Account Hacked to Shill Scam Memecoin, Resulting in $600,000 Theft

October 29, 2024 Gonzalo

Truth Terminal’s X account hacked to shill scam memecoin, netting hackers $600K. Incident underscores security risks in AI-driven crypto trading.

Kalshi Now Accepts USDC Deposits, Enters Election Betting Arena Amid Strong Competition

October 29, 2024 Gonzalo

Kalshi accepts USDC deposits to attract users in election betting, challenging Polymarket and Robinhood in a competitive crypto-driven prediction market.