DeFi & Ethereum News

2024-04-20 20:01:57 Ethereum aims for $1 billion annual profit as DeFi gains momentum in Q1

Ethereum is on track to reach a $1 billion annual profit, driven by the surge in decentralised finance (DeFi) activities and the network's robust performance in the first quarter of 2024. In a report by Michael Nadeau, an analyst at The DeFi Report, released on April 17, Ethereum's Q1 income reached an impressive $365 million, representing a 155% year-on-year quarterly revenue growth and a remarkable 200% increase compared to the $123 million profit recorded in Q4 2023.

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https://t.me/DeFi_Ethereum Open / Comment

2024-04-20 09:52:01 DeFi platform Hedgey Finance hit by $44 million exploit

Hedgey Finance, a token infrastructure platform, has suffered two parallel exploits amounting to a total of $44.7 million worth of lost funds. Hedgey suffered an exploit worth over $42.8 million Arbitrum (ARB) tokens on the Arbitrum network, according to an April 19 X post by on-chain security firm Cyvers. The attacker has already deposited part of the funds to the Bybit cryptocurrency exchange.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-19 19:52:01 Ethereum liquid restaking drove DeFi TVL to $100B in first quarter

Decentralized finance total value locked (TVL) almost doubled in the first three months of this year compared to the previous quarter, partially driven by Ethereum liquid restaking initiatives, according to recent research. DeFi total value locked surged from a Q4 2023 low of $36 billion to peak at almost $97 billion in the first quarter of 2024, according to DefiLlama. Since the beginning of the year, it has increased by 81% to a two-year high of $98 billion last week.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-19 09:52:02 DeFi Technologies Subsidiary Valour Inc. Launches the First Short Spot Bitcoin ETP in the Nordics

DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance ("DeFi"), is pleased to announce that its subsidiary Valour Inc. ("Valour"), a leading issuer of exchange traded products ("ETPs") that provide simplified access to digital assets, is breaking new ground in the Nordic financial markets with the launch of the region's first Short Spot Bitcoin ETP.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-18 19:41:58 Aptos Strikes DeFi Partnership With Microsoft, Brevan Howard, SK Telecom

Aptos Labs, the developers behind the Aptos layer-1 blockchain, said it is collaborating with Microsoft, Brevan Howard and South Korean wireless telecommunications operator SK Telecom to offer institutions a gateway into decentralized finance. The partnership will offer Aptos Ascend, a suite of end-to-end institutional solutions like regulatory requirement help, tools to maintain account and transaction privacy and embedded features for know-your-customer (KYC) checks.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-18 10:25:19 The new Fintopio DeFi Wallet launches in open beta on Telegram and web app

Fintopio, a Web3 company creating a wallet that enables digital asset sending and receiving via messaging apps, recently launched the beta version of the Fintopio DeFi Wallet. This launch is Fintopio’s first salvo in its mission of improving and simplifying digital asset transactions. The Fintopio DeFi wallet has been launched via Telegram bot and web app, and the company is working on a mobile application for iOS and Android. Fintopio's DeFi Wallet is built on Telegram, a messaging tool with 900 million monthly active members.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-17 19:51:58 DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG Ventures

Usual Labs, the firm behind the decentralized finance (DeFi) protocol Usual, has raised $7 million and received $75 million commitment in total value locked (TVL) for the launch of its stablecoin USD0, the company said in a statement on Wednesday. The French company raised money from more than a hundred firms, including two leading co-investors, IOSG Ventures and Kraken Ventures. Other investors included GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works and X Ventures.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-17 09:42:01 Runes Will Help Bitcoin DeFi ‘Close the Gap’ on Ethereum, Solana: Franklin Templeton

The launch of Runes will help Bitcoin “close the gap” with Ethereum and Solana in the fungible digital asset space, investment firm Franklin Templeton Digital Assets said in a new report released Monday. “Currently the fungible token market for Bitcoin is quite small in comparison to ETH and SOL,” the investment firm said. “However, with the launch of a more efficient token standard (Runes), Bitcoin is positioned well to close the gap between its fungible market cap versus that of other blockchains.".

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-16 19:25:31 ICP’s Schnorr integration ushers in Bitcoin DeFi era

The Internet Computer Protocol (ICP) plans to use advanced threshold cryptography to unlock decentralized finance capabilities and smart contract functionality on Bitcoin’s base layer. Speaking to Cointelegraph during Paris Blockchain Week, Dfinity senior research scientist Aisling Connolly outlined how ICP’s integration of threshold-Schnorr signatures will enable the protocol’s smart contracts to obtain addresses and authorize transactions directly to the Bitcoin blockchain.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-16 09:25:14 An atomic swap protocol aims to bring DeFi on Bitcoin without wrapped tokens

AtomiqDeFi, powered by Mintlayer’s innovative atomic swap technology, aims to enhance interoperability, eliminate reliance on custodians and unlock new possibilities for decentralized finance on Bitcoin. Creating a decentralized finance (DeFi) ecosystem on Bitcoin had never gained mainstream blockchain adoption before the Taproot upgrade, which has opened the door to smart contracts —self-executing codes that eliminate intermediaries— on Bitcoin’s layer 1 blockchain.

Source

https://t.me/DeFi_Ethereum Open / Comment