DeltaPrime, a leading DeFi prime brokerage, has unveiled a robust reimbursement plan following a recent security breach that resulted in a loss of $5.98 million. The plan includes the issuance of Reimbursement Tokens (rTKNs), contributions from the Stability Pool and DeltaPrime founders, and accelerated reimbursement rates for users who maintain their savings within the protocol.
Results for: DeFi
Valour Inc., a DeFi Technologies subsidiary, is moving 19 of its popular crypto exchange-traded products (ETPs) from the Nordic Growth Market to the Spotlight Stock Market in Stockholm. This strategic move aims to enhance liquidity, broaden market reach, and position Valour as a leading player in the Nordic ETP market, specifically for digital asset-related instruments.
A new report from a16z crypto reveals the explosive growth of the cryptocurrency industry, highlighting record-breaking activity, infrastructure improvements, and the emergence of crypto as a key political issue. The report analyzes seven key takeaways, including the rise of stablecoins as a dominant force, the growth of decentralized finance, and the burgeoning intersection of crypto and AI.
World Liberty Financial (WLFI), a cryptocurrency project heavily promoted by former President Donald Trump, has experienced a disappointing start, raising only 4% of its presale target in the first 48 hours. Experts speculate that the project’s lackluster performance could be due to a combination of factors, including the non-transferable nature of the WLFI token and investors’ skepticism about its potential.
Asset management firm Ark Invest, led by Cathie Wood, reiterates its belief in Ethereum’s transformative power for the financial services industry. A recent research paper emphasizes Ethereum’s potential as a benchmark for DeFi and its growing institutional appeal.
World Liberty Financial, a decentralized finance (DeFi) project backed by former President Donald Trump, has proposed using dollar-backed stablecoins as the key to strengthening the US economy and making it a global financial powerhouse. The project’s team believes that stablecoins, with their stable value and 1:1 redemption feature, offer a safer and more accessible way to engage with crypto than speculative assets like Bitcoin.
Donald Trump Jr. expressed gratitude to the crypto community for supporting his family’s new DeFi platform, World Liberty Financial (WLFI), while his father, Donald Trump, has expressed uncertainty about the venture. This comes amidst reported success for the platform, despite Trump’s previous criticism of Bitcoin.
Core, a blockchain platform enabling Bitcoin-powered decentralized finance, has become the largest Bitcoin sidechain in terms of Total Value Locked (TVL), exceeding $300 million. This growth is driven by features like non-custodial Bitcoin staking, which allows users to earn yield on their Bitcoin holdings. Core’s partnerships and upcoming liquid staking token, LstBTC, aim to further enhance liquidity and accessibility within its DeFi ecosystem.
Core, a Bitcoin Layer-2 blockchain, experienced a surge in its DeFi TVL during the second quarter of 2024. This growth was driven by the launch of non-custodial Bitcoin staking, the success of its native DEX CoreX, and the introduction of yield-bearing Core BTC exchange-traded products (ETPs). These developments highlight Core’s commitment to unlocking Bitcoin’s potential and providing innovative investment opportunities.
Renowned cryptocurrency analyst Michaël van de Poppe has declared the beginning of a bull market, fueled by the Federal Reserve’s recent decision to cut interest rates. He is particularly bullish on Bitcoin, Ethereum, and DeFi, citing the potential for further rate cuts in the coming months and a stable unemployment rate as key factors driving the market upwards.