How Much Does DeFi App Development Cost?

dailyhodl.com HodlX Guest Post Submit Your Post In the ever-evolving landscape of finance, DeFi (decentralized finance) has been proven to be a revolutionary technology that removes the…

Rocket Pool Launches rETH On zkSync Era

thedefiant.io Rocket Pool’s rETH liquid staking token is live on Layer 2 network zkSync Era. With Ethereum mainnet fees on the rise, Layer 2 integrations enable a low-cost way to obtain…

Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data

coindesk.com The largest cryptocurrency by market capitalization was recently trading at about $27,180, up 1.2%. BTC edged above $27,000 shortly before U.S. equity markets opened on…

Losses from crypto rug pulls outpaced DeFi exploits in May: Finance Redefined

cointelegraph.com Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from…

Ethereum Challenger Avalanche (AVAX) Exceeds 1,000,000 Monthly Active Addresses Amid Rollout of Web3 Launchpad

dailyhodl.com competitor Avalanche (AVAX) achieved a new milestone by surpassing one million monthly active addresses in May, the first time the proof of stake blockchain has hit the…

Crypto bill from Republicans lays out clear roles for SEC and CFTC

cnbc.com Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C. Republican…

KuCoin Listed VOLT Token on Its Top-Tier Exchange, Revolutionizing the Global Voltage

news.bitcoin.com PRESS RELEASE. Volt Inu, the people’s crypto ecosystem, just got listed on the KuCoin platform, and this is a massive step within the centralized crypto exchange world. In a…

Stop. Predicting. Bitcoin’s. Price

blockworks.co Bitcoin price predictions are always absolutely everywhere. Everyone who pays attention to crypto, whether for investing, building or entertainment, cannot avoid reading…

OKX Proposes Industry-First BRC-30 Token Standard To Enable Bitcoin and BRC-20 Token Staking

dailyhodl.com June 1, 2023 – San Francisco, California With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets.…

Tron’s TRX now live on Ethereum via BitTorrent bridge, boosting DeFi access

cryptoslate.com Tron’s TRX is available on Ethereum (ETH) after leveraging BitTorrent (BTT) Bridge to gain access to the largest decentralized finance (DeFi) ecosystem in the industry. In a…

Now Fully Accessible on Ethereum, Here's How

u.today Tron blockchain can now be accessible in totality on Ethereum network The Tron blockchain protocol is expanding its influence, this time, to the Ethereum (ETH) blockchain…

Crypto Communities Vote Matters, Paving the Way for DeFi

beincrypto.com The community’s voice within crypto ecosystems has never been more relevant and is leading a fresh approach to Decentralized Finance (DeFi). The power of voting within the…

Community Calls Bluff as unshETH Negotiates Return of 90% Funds

beincrypto.com The decentralized finance (DeFi) protocol unshETH has been negotiating with hackers to return 90% of funds stolen following a hack. While most DeFi hacks occur due to the…

Cold SHIB Wallet Finally Released, Will It Avoid Ledger's Controversy?

u.today Tangem has begun selling SHIB cold wallets, claiming that they will not follow in footsteps of Ledger Shiba Inu's partner in making a SHIB cold customized wallet,…

Japan’s New Stablecoin Framework Could Spur US To Act

blockworks.co As Japanese banks get set to issue stablecoins under new legislation, the US’s lack of regulatory clarity in the segment is one hurdle blocking institutions in the country…

As DeFi Security Gets Stronger, Hackers Turn to Rug Pulls to Make a Buck

beincrypto.com Decentralized Finance (DeFi) hacks have fallen dramatically, but crypto rug pulls are on the rise, according to a new survey. The unregulated Wild West nature of crypto…

BNB, Solana and Ethereum

ambcrypto.com The competition in the Layer 1 sector intensified in 2023. Ethereum led in revenue and DeFi while Solana stood out in transactions and BNB showcased deflationary tokenomics.

SquidGrow: The Next Chapter

watcher.guru The crypto sector is filled with thousands of project debuts every year. However, very few projects have been able to survive the harsh crypto climate, and even fewer have…

Smart Contract Auditors’ Jobs Are Safe, for Now

beincrypto.com ChatGPT-4’s ability to identify smart contracts vulnerabilities failed on multiple fronts. This highlights that while artificial intelligence (AI) can assist in finding…

Terra Classic-Based Terraport Gets Certik Audit But Faces Post-Hack Criticisms

thecryptobasic.com Terraport, the Terra Classic-based DeFi platform built by TerraCVita, finally gets its Certik audit but suffers criticisms due to the April hack. Terraport, a…

Will Stablecoins Still Be Relevant After FedNow?

blockworks.co Given the upcoming launch of the FedNow service, which aims to provide instantaneous payments and settlement, there is growing curiosity about how stablecoins will adapt and…

What’s holding back DeFi and keeping the masses away

finance.yahoo.com Despite the growing prominence of cryptocurrency and decentralized finance, the latter still remains a largely unexplored sector, experiencing trust issues from both the…

Uniswap DAO Opposes Fee Switch Proposal In Close Run Vote

cryptodaily.co.uk The Uniswap DAO has voted against a proposal to turn on protocol fees for liquidity providers. The poll saw 45% opposed to turning on proposal fees, while support for two…

Crypto Rug Pulls Outvalued Defi Attacks in May, $45 Million Lost

watcher.guru According to Beosin the amount of funds lost in crypto “rug pulls” was almost double that of Defi exploits in May 2023. Rug pulls are a type of scam where the founders take…

Solana’s Retention Rate Lowest Among Ethereum, Polygon

watcher.guru Solana’s landscape continues to evolve. DEXs and NFT markets initially had the baton. However now, it seems like “emerging consumer applications” are on center stage.…

Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

cointelegraph.com The amount of cryptocurrency lost to "rug pull" or "exit scams" — where founders suddenly up and leave with investors’ money — had outpaced the amount stolen from…

Missing Multichain CEO Is Causing Ripples Across the Industry

thedefiant.io Embattled Blockchain Bridge Holds $1.45B In Assets Across Dozens Of Networks The blockchain industry is starting to feel the repercussions of the missing CEO of Multichain,…

dApp Market Grows 10% in May, DeFi TVL Falls Back 4.3%

beincrypto.com The industry experienced a mixed performance in May, with DeFi seeing a decrease in total value locked (TVL) but an increase in its share of on-chain activity. The dApp…

Uniswap community votes against proposal for protocol fee on trades

theblock.co Community members of decentralized exchange Uniswap voted down a proposal that would have introduced a protocol fee for liquidity providers on the platform. In the end, the…

Developers Aim To Bring New DeFi Strategies To $17B Liquid Staking Market

thedefiant.io Liquid staking tokens (LSTs) are rapidly becoming a popular source of yield in DeFi. But while LSTs have served as a boon to Ethereum in recent months, they also bring new…

European Parliament Considers Laundry List of Areas MiCA Doesn’t Touch

blockworks.co As the European Union moved ahead and formally signed its Markets in Crypto Assets (MiCA) policy package into law, lawmakers also took time to consider areas where the…

Litecoin Attempts To Revitalize The Crypto Market With Bullish Breakout

newsbtc.com Litecoin could be single-handedly be saving the crypto market from further catastrophe. If an ongoing bullish breakout attempt is successful, it could revitalize…

MakerDAO votes to drop Pax Dollar (USDP) stablecoin from its reserves

coinjournal.net The MakerDAO community has voted to ditch Pax Dollar (USDP) stablecoin worth $500 million from its reserves. Maker’s treasury holds roughly half of the USDP’s $1 billion…

MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve Assets

coindesk.com Voters unanimously favored to decrease the debt ceiling for USDP to zero from $500 million, according to a vote concluded Thursday. The decision has a significant impact on…

Giddy Partners With Bitrefill to Bring DeFi Yield to Gift Cards

blockworks.co Self-custody wallet Giddy has integrated with Bitrefill to enable users to pay for everyday consumer items with cryptocurrency yield. Users on the Giddy app can access DeFi…

As Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged Tokens

coindesk.com On Wednesday, the decentralized exchange (DEX) Beethoven X sent $300,000 in treasury stablecoins from Fantom to Ethereum; protocol builder Byte Masons did the same with…

Jimbos Protocol Announces $800K Reward to Catch Exploiter

beincrypto.com Jimbos Protocol, the victim of a $7.5 million hack, has announced an $800,000 bounty program to catch the hackers. In some decentralized finance (DeFi) hack cases, there is…

That’s a Wrap: DeFi Needs to Move Past Wrapped Tokens

blockworks.co Technological evolution is a cruel process, and history is littered with discarded innovations. Just as landlines gave way to mobile phones and email replaced fax machines,…

Nascent’s Elitzer Says Oracle-Free DeFi is Emerging

thedefiant.io Den Elitzer of venture capital firm Nascent says safer DeFi will minimize governance and oracles. A crucial next step for a more secure DeFi ecosystem will be for developers…

Jimbos Protocol offers $800K bounty to the public after hacker ignores deal

cointelegraph.com Decentralized finance (DeFi) platform Jimbos Protocol has offered 10% of the exploited funds to the general public after giving the hacker some days to respond to the deal.…

Fees Plunge 69% as This Metric Drops to All-Time Lows

u.today According to on-chain analytics firm Santiment, Ethereum's average fees are on the decline. It reports that Ethereum fees have come back down to earth after reaching a 2023…

Mass media outlet compares crypto unfavourably with AI

cryptodaily.co.uk Crypto bashing in the mainstream media continues unabated as Reuters writer bigs up AI at the expense of the crypto sector. A mainstream media narrative Mainstream media…

Hackers Target Orbiter Finance Discord Server With Fake Airdrop Scam

beincrypto.com Various community members have reported a loss of their non-fungible tokens (NFTs), stablecoins, and other crypto tokens due to a hack in Orbiter Finance’s Discord server.…

Liquid Staking Derivatives Could Become Staking Cartels Warns Ethereum Developer

beincrypto.com A lead Ethereum developer has highlighted some of the risks that liquid staking derivatives pose to the Ethereum ecosystem. On June 1, Ethereum developer Danny Ryan posted a…

Solana’s gamble on consumer applications could have this outcome

ambcrypto.com A recent Messari analysis revealed that one of the main reasons for Solana's lackluster TVL performance was its focus on consumer applications. Its focus has been shifting…

Avalanche Bridge To Ethereum Records A 70% Drop In Value Transfer, Concern For AVAX Price?

newsbtc.com The amount of funds flowing through the Avalanche Bridge is down 70% in the last 24 hours, DeFiLlama data on May 31 shows. 70% Drop In Activity In The Avalanche Bridge To…

Two New Sectors to Boost the Value of Ethereum (ETH), Says Analytics Firm Glassnode

dailyhodl.com Top crypto insights firm Glassnode says that two emerging sectors within the digital asset space are destined to boost the price of Ethereum (ETH). In a new report,…

Fantom starts paying developers to generate gas fees

cointelegraph.com A new program from the Fantom Opera network (FTM) team will pay developers for the gas fees they generate from users, according to a May 31 announcement. Specifically, the…

Trader Joe Goes All-In On Auto-Pools: Game-Changer For DeFi Investors?

newsbtc.com Trader Joe, a Decentralized Exchange (DEX) on the Binance Smart Chain, is making waves in the Decentralized Finance (DeFi) world with its new Auto-Pools feature. According…

EOS EVM v0.5.0 to enable Yield+ Liquidity mining on EOS

coinjournal.net EOS Network Foundation announces launch of EOS EVM v0.50, first major update of EOS EVM. The update will enable new yield farming opportunities for DeFi investors. EOS EVM…

Web3’s Promised Metropolis Just Isn’t Fun Yet

blockworks.co A great cityscape, a network state, a metaverse: The Web3 industry is fond of envisioning a shimmering virtual metropolis. Much like that recurrent emblem of American…

Price Surge After Binance Launches New Trading Pair?

beincrypto.com Binance is set to improve Cardano’s decentralized finance (DeFi) trading opportunities with the new ADA/TUSD pair. Binance’s notable user base and market reach may improve…