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Crypto firms rally behind Ted Cruz to block DeFi broker rule
The Blockchain Association, representing 76 crypto firms, urges Congress to repeal the IRS DeFi broker rule, arguing it threatens US crypto innovation and unfairly burdens blockchain firms. News COINTELEGRAPH IN YOUR SOCIAL FEED The Blockchain Association, representing 76 cryptocurrency organizations, has called on congressional leaders to support Senator Ted Cruz in repealing the Internal Revenue […] More
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DeFi will soon pump harder than in DeFi summer: dYdX Foundation CEO
Charles d’Haussy, CEO of the dYdX Foundation, predicts the DeFi will start to boom in September and will have more entry points for new users than ever. News COINTELEGRAPH IN YOUR SOCIAL FEED The crypto industry could see a “DeFi festival” begin as soon as September, leading to a decentralized finance boom that lasts for […] More
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BERA price rises as Berachain DeFi ecosystem hits all-time high
Berachain token price continued rising this week as the market reacted positively to its growing decentralized finance ecosystem. Berachain (BERA) climbed to $6.60 on Wednesday, up 31% from its lowest level following its airdrop earlier this week. Its market capitalization has risen to $717 million, making it the 92nd-largest cryptocurrency. Its fully diluted valuation increased […] More
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Toncoin price at risk as TON wallets, DeFi assets crash
Toncoin price has crashed and entered a bear market after peaking at a record high of $8.27 in June 2024. Toncoin (TON) has dropped by 57% to $3.53, leading to a $9 billion wipeout as its market capitalization fell from $18 billion to $8.8 billion. The token’s crash started after its founder, Pavel Durov, was […] More
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DeFi platform MANTRA Finance obtains VASP license in the UAE
MANTRA has secured a VASP license in UAE from VARA. MANTRA can now offer its DeFi products to both institutional clients and qualified investors within the UAE. The OM token, which has been on a strong bullish trend, jumped by 3% after the license announcement. MANTRA Finance has successfully secured a Virtual Asset Service Provider […] More
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Mantra Finance secures Dubai crypto license to expand DeFi, RWA services
Mantra Finance has secured a Dubai VASP license, expanding its DeFi and RWA tokenization services for institutional investors in the UAE and MENA region. News COINTELEGRAPH IN YOUR SOCIAL FEED Decentralized finance and real-world asset tokenization platform Mantra Finance has received a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), […] More
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Michael Egorov raises $5m for Yield Basis, a new DeFi liquidity solution
Michael Egorov, founder of Curve Finance, has introduced a new project called Yield Basis, designed to tackle impermanent loss in decentralized finance. According to The Block, which obtained a pitch deck, the project has successfully raised $5 million in funding at a token valuation of $50 million. Yield Basis aims to offer a solution for […] More
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DefiTuna founder uncovers network exploiting $200 million from meme coin launch on Solana
Key Takeaways A coordinated scheme on Solana allegedly extracted $200 million from investors through meme coin launches. DefiTuna’s Moty points fingers at Kelsier Ventures, Meteora, and M3M3. Share this article DefiTuna co-founder Moty Povolotski has alleged that Kelsier Ventures, Meteora, and M3M3 coordinated a series of meme coin launches on Solana to extract $200 million […] More
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Hyperliquid launches HyperEVM on testnet to boost DeFi capabilities
In a move that might potentially increase the blockchain’s smart contract capabilities, Hyperliquid has officialy launched HyperEVM on testnet. According to Hyperliquid’s (HYPE) official announcement on X on Feb. 18, the update adds general-purpose programmability to the ecosystem while preserving the platform’s low-latency trading experience. Hyperliquid’s HyperBFT consensus provides complete security for HyperEVM transactions, enabling […] More
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Ethereum set to recover in March, popular ETH-based altcoin gears up to disrupt DeFi
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum gears up for a recovery in March, ETH-based memeFi token Cutoshi is poised to disrupt the DeFi space. Table of Contents Since late January, the crypto markets have been on a steep […] More
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DeFi protocol Euler Finance goes live on Sonic
Euler Finance, a decentralized finance platform on the Ethereum blockchain, is now live on Sonic, formerly known as Fantom. Sonic Labs announced the integration on Feb. 17, stating that the launch will further enhance DeFi growth within the Sonic ecosystem. Euler Labs’ expansion aims to bring advanced lending capabilities to the Sonic blockchain network. This […] More
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Interesting Cardano Price Predictions as ADA Defies the Negative Market Trend
TL;DR Cardano’s ADA shows bullish momentum, with analysts predicting a potential rally to $1 in the coming weeks and even $10 by the end of 2025, though reaching this price would require a market cap of over $350 billion. Grayscale’s potential approval for a spot ADA ETF in the US could be a major catalyst, […] More
