The U.S. Securities and Exchange Commission (SEC) has willingly withdrawn its appeal of a ruling that blocked its attempt to expand securities laws to cover decentralized finance (DeFi). This development means the DeFi space might no longer be subjected to securities laws. A Complete Victory for DeFi In a February 19 motion filed with the […]
Cardano (ADA) saw its price surge by 126% in Q4 2024, while its market capitalization grew to $30.3 billion. This price jump triggered ADA’s circulating market cap rank from 11th to 9th. The increases in both price and market cap aligned with the US election in November and the broader rally of cryptocurrencies. As such, […]
Hyper Foundation, the entity behind the popular decentralized finance (DeFi) protocol, Hyperliquid, has announced the launch of HyperEVM, in a significant step toward integrating general-purpose programmability into its financial system. The initial mainnet release includes HyperEVM blocks built as part of Layer 1 execution, inheriting security from HyperBFT consensus. It also enables spot transfers between […]
On Feb. 11, Uniswap announced the launch of Unichain, its Ethereum layer-2 solution, marking its first foray into the crowded L2 ecosystem. “You can swap, bridge, and provide liquidity on Unichain directly from the Uniswap web app and in the latest version of the wallet,” the platform explained. Unichain boasts a number of performance improvements […]
Analysts at the crypto analytics platform CryptoQuant have released a Tron network review, outlining how the ecosystem grew from a Tether (USDT) “powerhouse” to a decentralized finance (DeFi) hub in 2024. According to the report shared with CryptoPotato, Tron experienced the diversification of its on-chain activity, evolving from just a network with dominant USDT activity […]
Solana is currently dominating the retail decentralized exchange (DEX) market and accounts for 48% of total DEX volume. In fact, nearly 60% of this activity is driven by the popular Solana-based meme coin platform pump.fun transactions, according to OKX’s recent report shared with CryptoPotato. Solana vs. Ethereum While Solana leads in overall transaction volume, Ethereum […]
On Jan. 21, Donald Trump Junior announced the purchases to “commemorate the inauguration of Donald J. Trump as the 47th President of the United States.” The family’s World Liberty Finance DeFi platform has made several “strategic purchases,” including $47 million worth of wrapped Bitcoin (wBTC) and $47 million worth of Ethereum. There were also $4.7 […]
PeckShield’s latest analysis reveals a troubling spike in crypto-related security breaches in 2024 alongside a bull market. Despite the grim statistics, recovery efforts have managed to reclaim hundreds of millions in stolen assets. Crypto Losses in 2024 PeckShield’s 2024 Crypto Security Annual Report reveals that the year witnessed a resurgence in crypto-related breaches, with total […]
US fintech firm Ripple and blockchain oracle provider Chainlink have partnered to accelerate the adoption of the cross-border payments firm’s stablecoin, Ripple USD. “Ripple has adopted the Chainlink standard to access highly secure and reliable pricing data around the recently launched Ripple USD (RLUSD) stablecoin,” stated Chainlink on Jan. 7. Ripple describes its new stablecoin […]
December has been a breakthrough month for MakerDAO, with data from the decentralized finance (DeFi) analytics platform DeFiLlama showing it set new records in fees and revenues. According to the data, MakerDAO reached a peak of $40.86 million in fees, a key metric of user activity, and $26.77 million in revenue, reflecting retained earnings, between […]