DeFi Archives - Page 6 of 31

Blockchain wallets profiting from Focai memecoin launch on Solana.

Suspected Insider Wallets Earn $20M on Solana’s Focai Memecoin Launch

January 4, 2025 Dan K

Suspected insider wallets profit $20M from Solana’s Focai memecoin launch, sparking debate over fairness, transparency, and decentralization risks.

Haedal protocol enabling liquid staking for SUI tokens on the Sui blockchain.

OKX Ventures Invests in Sui-Based Liquid Staking Protocol Haedal

January 4, 2025 Dan K

OKX Ventures invests in Haedal, a Sui blockchain liquid staking protocol, boosting DeFi growth, on-chain liquidity, and simplified staking rewards access.

Binance headquarters with Brazilian flag, symbolizing the acquisition of Sim;paul broker-dealer.

Binance Further Expands in Brazil with Regulator’s Approval

January 3, 2025 Dan K

Binance acquires Sim;paul in Brazil, gaining broker-dealer licensing to expand crypto offerings and strengthen compliance across Latin America.

RedStone announces the launch of its $RED token on Ethereum, enhancing blockchain oracle security through staking rewards.

Tether’s Market Cap Sheds $1.4B as MiCA Activates

January 3, 2025 Dan K

Tether’s market cap falls $1.4B as MiCA rules start. EU future uncertain, but experts highlight USDT’s resilience, with 80% trading volume in Asia.

Illustration of frxUSD stablecoin backed by BlackRock BUIDL fund and blockchain technology

Frax Community Approves frxUSD Stablecoin Backed by BlackRock’s BUIDL

January 2, 2025 Dan K

Frax community greenlights frxUSD stablecoin backed by BlackRock’s BUIDL fund, merging decentralized finance with traditional financial assets.

Blockchain

IRS Targets DeFi: Blockchain Groups Challenge New Broker Reporting Rule

December 29, 2024 Dan K

Blockchain groups sue IRS, claiming new broker rules harm DeFi innovation, privacy, and U.S. blockchain leadership. Regulatory overreach debated.

President Trump announces exclusive dinner for leading TRUMP memecoin investors.

Blockchain Association Sues IRS Over Crypto Broker Rules

December 28, 2024 Dan K

Blockchain Association sues IRS, claiming new crypto broker rules infringe on privacy, exceed authority, and risk stifling U.S. blockchain innovation.

Visualization of blockchain and crypto scams in 2024.

Pig Butchering Crypto Scams Cost Victims $3.6B in 2024

December 27, 2024 Dan K

Pig butchering scams cost crypto users $3.6B in 2024, exploiting Ethereum vulnerabilities and fake investments, as revealed in a Cyvers Web3 security report.

Blockchain

Animoca Brands Co-Founder Yat Siu’s X Account Hacked Amid Wave of Crypto Scams

December 26, 2024 Dan K

Animoca Brands co-founder Yat Siu’s X account was hacked to promote a bogus token. Investigator ZachXBT links it to a $500K crypto phishing scam wave.

A digital illustration of cryptocurrency theft linked to North Korean hackers, highlighting global sanctions and cybercrime.

South Korea Sanctions 15 North Koreans Over Crypto Heists and Cyber Theft

December 26, 2024 Dan K

South Korea sanctioned 15 North Koreans tied to $1.3B crypto thefts in 2024, accusing them of funding DPRK’s nuclear weapons and missile programs.