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DeFi News

SUI price surges as TVL hits $1.3 billion

Sui has seen a more than 44% spike in price in the past week and 65% in 30 days. Gains come after the Grayscale Sui Trust opened for accredited investors. The SUI network’s total value locked has surpassed $1.34 billion. SUI price has surged by more than 44% in the past week to trade above […]

Threshold community proposes merger to safeguard WBTC amid growing concerns

Threshold community proposes merging tBTC with WBTC. The proposal is driven by concerns over WBTC’s stability due to Justin Sun’s involvement. According to the proposal, BitGo will receive T tokens, becoming a major stakeholder in Threshold Network. In a strategic move to protect the future of Wrapped Bitcoin (WBTC), a proposal dubbed “#saveWBTC – a […]

Lido Finance votes to integrate stETH into BNB Chain

Lido Finance integrates stETH into BNB Chain, marking its first cross-chain move. The integration uses Axelar and Wormhole to bridge $23 billion in TVL to BNB. Lido remains a leading DeFi protocol with $25.94 billion TVL and one million validators. In a landmark decision, the Lido Finance community has voted to integrate its stETH (Staked […]

Dough Finance flash loan attack: What we know so far

Dough Finance lost $1.8M in a flash loan attack due to smart contract vulnerability. Attacker exploited unvalidated calldata stealing USDC before converting the assets into 608 ETH. Users urged to withdraw funds to secure wallets. Dough Finance has fallen victim to a significant flash loan attack, resulting in a staggering loss of digital assets worth […]

Morpho becomes first L2 protocol to launch on Base

Morpho is the first Layer 2 protocol to launch on Coinbase’s Base. Morpho has introduced MetaMorpho Vaults and Morpho Markets on Base, boosting yield and borrowing options. Morpho’s CEO, Paul Frambot, has shifted his stance on Base deployment seeing it as pivotal for Morpho’s growth in DeFi. Morpho, a decentralized finance (DeFi) lending and borrowing […]

Fantom price up ahead of Sonic launch; NuggetRush investors anticipate similar price pattern at launch

Fantom (FTM) has caught market-wide attention as its Sonic upgrade will soon go live. Analysts now debate the possible effects on FTM. NuggetRush’s (NUGX) presale performance has given investors a peek at its growth potential. Fantom’s Sonic upgrade will soon go live, bringing major changes designed to boost its network performance. NuggetRush (NUGX) has joined the […]

Velar’s native token to list on Bybit

Bybit will list VELAR, the native token of Bitcoin liquidity protocol Velar on April 3. Velar’s listing on Bybit will be via an initial exchange offering and marks a major milestone for Bitcoin ecosystem. Velar is set to launch its native token VELAR via an Initial Exchange Offering (IEO) on crypto exchange Bybit. The Bitcoin […]

Solv Protocol launches first omnichain yield-bearing token for BTC

SolvBTC will catalyse further growth for the burgeoning Bitcoin DeFi ecosystem, Solv said in a press release. Initial launch will be across Ethereum, Arbitrum, BNB Chain and Merlin Chain. Solv, an on-chain fund platform that offers native yield strategies across the blockchain ecosystem, has launched the first yield-bearing BTC token. SolvBTC is an omnichain yield-bearing […]

Nomura’s Laser Digital partners with Pyth Network as a data provider

Laser Digital has announced a strategic partnership with Pyth Network The Nomura-backed digital asset platform is set to bring its expertise and experience in the banking world to the growing DeFi ecosystem. Pyth Network currently offers over 450 price feeds from 100+ data providers.  Laser Digital, a digital asset subsidiary of global financial services giant […]

Solana faces investor exodus; emerging AI crypto aims to surpass Quant by the next Bitcoin halving

The Solana network recently encountered a significant setback, enduring a 5-hour outage that precipitated a staggering $3 million exodus of investors. The outage was attributed to a bug, triggering an infinite loop within cryptocurrency transactions. Concurrently, InQubeta (QUBE), a groundbreaking AI-focused crypto, sets its sights on surpassing the achievements of Quant (QUANT) by the upcoming […]