DeFi

Sonic founder reveals he left DeFi in 2022 due to relentless SEC harassment

January 31, 2025 1 min read

Andre Cronje, the founder of Sonic, left the DeFi space in 2022 due to harassment from the SEC. He shared that the pressure from US regulators drained his energy and made it difficult for him to continue in the industry. Initially, the SEC’s inquiries were simple, focusing on investors and profits. However, these inquiries quickly escalated into aggressive demands. Despite not being a US citizen and having no business in

Bitget Expands Futures Portfolio with DEXEUSDT and 75x Leverage Support

December 26, 2024 2 mins read

Bitget, the leading cryptocurrency exchange, and Web3 platform, has launched DEXEUSDT-M perpetual futures for trading, effective December 24, 2024, at 19:30 (UTC+8). The new futures product supports up to 75x leverage and is compatible with futures trading bots, offering users enhanced opportunities to implement advanced trading strategies. Key Trading Parameters for DEXEUSDT Futures Bitget reserves the right to adjust trading parameters, such as tick size, leverage limits, and maintenance margin

Stabull Finance Launches Stablecoin and Real World Assets DEX on Ethereum and Polygon

December 15, 2024 4 mins read

Stabull Finance, a decentralized platform providing an alternative to SWIFT and CME for on-chain FX and tokenized commodity swaps, has officially launched on Ethereum and Polygon. The platform’s launch follows six months of beta testing, processing over $2 million in stablecoin swaps since October. Now open to the public, Stabull Finance invites stablecoin issuers and liquidity providers to participate in its liquidity pools and join us in bringing the multi-trillion-dollar FX

Axelar Selected by TON for Open Interoperability Across Web3

October 16, 2024 4 mins read

Axelar Foundation and the TON Foundation announced today that TON, the open network, will be integrating Axelar’s Mobius Development Stack (MDS) as an interoperability platform, following a comprehensive evaluation of cross-chain solutions. Axelar’s Interchain Amplifier technology offers secure, seamless integration, connecting the TON ecosystem with over 68 blockchains. This integration aims to boost TON’s scalability and drive new opportunities for mass adoption, while Web3 applications across the ecosystem gear up to leverage these

A decentralized custody marketplace launches an exchange with decentralized custody

August 8, 2024 1 min read

Figure Markets, a decentralized custody marketplace for digital assets, has launched the Figure Markets Exchange, aiming to create a single platform for seamless trading across a wide range of assets. The exchange, initially launched as a US onshore exchange, plans to expand to an offshore exchange later this year. Top-tier members will benefit from being paid to trade, discounted borrow rates, and other advantages. The Figure Markets Exchange offers decentralized

DeFi prediction platform Polymarket hits over $200 million in election bets

July 1, 2024 1 min read

Polymarket, a decentralized prediction platform, has accumulated more than $200 million in bets on the imminent US Presidential election, showcasing the incorporation of bitcoin into conventional financial norms. In June, the platform attained unprecedented levels of trading activity, reaching $111 million in trades. Analysts anticipate that by the end of the year, the platform’s trading volume might surpass $1 billion. The surge in volume also resulted in significant improvements in

Summer.fi DeFi platform announces the launch of $RAYS to reward users

June 20, 2024 1 min read

Summer.fi, a platform for decentralized money, has introduced $RAYS, a system of points created to motivate and compensate users for their active participation with the app and associated protocols. The reward program consists of three distinct phases: retroactive participation, retroactive points claiming, and the accumulation of $RAYS. A snapshot was captured on June 18th, 2024 to acknowledge both previous and present users, as well as individuals now utilizing other protocols

Term Structure Mainnet Launches, Revolutionizing DeFi with Market-Driven Fixed-Income Solutions

June 3, 2024 4 mins read

Hongkong, Hongkong, June 3rd, 2024 Term Structure, the pioneering non-custodial fixed-income protocol, has officially gone live with its mainnet on Ethereum. This launch introduces the first institutional-grade, market-driven fixed-income protocol, revolutionizing how liquidity is provided between lenders and borrowers in decentralized finance (DeFi). Users can use their LSTs and LRTs as collateral to borrow tokens at fixed rates and terms and earn points and staking rewards in the primary markets,

MyShell Raises $11 Million for its Decentralized AI Consumer Layer

March 28, 2024 3 mins read

Tokyo, Japan, March 27th, 2024 Funds from the Pre-Series A round led by Dragonfly will further develop MyShell’s open-source models and agent platform for empowering AI creators MyShell, a decentralized AI consumer layer, announced today that it has raised US$11 million in a Pre-Series A round, with participation from a cohort of high-profile investors, including Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, etc.  Prominent angel

DeFi Project Targets Multibillion-Dollar Market with Groundbreaking DeFi Debit Card Launch

March 24, 2024 3 mins read

Bankstown, Australia, March 23rd, 2024 DeFi project develops a globally-supported debit card for daily purchases and financial transactions. DeFi offers anonymity and worldwide accessibility but falls short in user experience and broader application in daily life. Xuirin Finance introduces a DeFi debit card to connect decentralized finance with everyday spending habits. Decentralized finance (DeFi) exists somewhat outside the regular financial system’s embrace. Its potential for innovation is frequently obscured by

Casino777 Expands in Europe, Considers Cryptocurrency Payments

January 11, 2024 4 mins read

Berlin, Germany, January 11th, 2024 Found in the Ardennes region of Belgium, Casino de Spa gets billed as one of the world’s oldest brick-and-mortar gaming establishments. The team operating this venue is also active in the online sector via the Internet gambling brand Casino777, which became available in the Dutch market in 2022, shortly after the Netherlands began regulating Internet gambling.  Recently, industry rumblings have popped up suggesting this top gaming hub

Gelato’s Rollup Platform Expands Support to Optimism’s OP Stack, Launching Lisk Layer 2 Chain

December 19, 2023 4 mins read

Zug, Switzerland, December 19th, 2023 Gelato announces expansion of its all-in-one Rollup-as-a-Service (RaaS) Platform. In addition to supporting Polygon CDK, Gelato now also services the OP Stack, the Optimism Collective’s open-source, modular development framework. As part of this expansion, Gelato enables Lisk, a Layer 1 blockchain launched in 2016, to join the Ethereum ecosystem by migrating to an Ethereum Layer 2. Lisk will join OP Mainnet, Base, and other OP Chains as the first Layer