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Optimism, the layer-2 solution on Ethereum, has unexpectedly announced a private sale of OP tokens totaling $162 million. Optimism sells $162 million worth of OP tokens to 7 investment funds According to the latest update posted by OP Mainnet (Optimism) on social media, the Ethereum layer-2 project conducted an impromptu
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The cryptocurrency market, including Bitcoin, showed no significant negative reaction following the Federal Reserve's decision to maintain interest rates. Fed holds interest rates, Bitcoin and crypto market remain stable. Photo: AP As anticipated by financial observers, the U.S. Federal Reserve (Fed) announced its decision to keep interest
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A year post The Merge, Grayscale has finally decided to relinquish all rights associated with the ETHW tokens received in the past. Grayscale abandons 3.1 million ETHW received after The Merge. Photo: Blockworks As reported by Coin68, Ethereum successfully underwent The Merge upgrade on September 15, 2022, transitioning from
defi
The Growing Competition in the Stablecoin Market In the last three months, especially after the Shanghai upgrade and the boom of Liquid Staking, the battle among stablecoins has become a hot topic in the market with significant changes. Despite enjoying stable yields from ETH, the scalability of decentralized stablecoins still
defi
Overview Daniele Sestagalli, the notable figure behind the prominent DeFi 2.0 projects of 2021, has re-emerged with WAGMI, a revamped version of the previously known Popsicle Finance (ICE). Historical Background Daniele Sestagalli gained fame in the DeFi community during the mid to late 2021 DeFi 2.0 wave. He
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Overview GroDAO, a revenue aggregator platform, has voted to dissolve due to market difficulties, poor performance, and the departure of key team members. Proposal Approval The proposal to dissolve the GroDAO protocol received 70.95% approval from its community, offering stakeholders a clear exit strategy. The proposal included maintaining GrodaPod
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Overview Fuji Finance, a cross-chain liquidity aggregation platform, has declared the cessation of its development due to the ongoing bearish market conditions. Shutdown Announcement After two and a half years of operation, Fuji Finance has decided to cease its activities. The primary reason cited by the team is the inability
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Bitcoin (BTC) trading volume on Binance has seen a significant decline over the past month, according to data from K33 Research. Bitcoin (BTC) Trading Volume on Binance Drops by Over Half. Image: Bloomberg Legal controversies with U.S. regulators and global regulatory tightening have severely impacted Bitcoin (BTC) trading volumes
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Despite the overall crypto market downtrend affecting all coins, Bitcoin (BTC) appears to be holding stronger compared to Ethereum (ETH). ETH/BTC Exchange Rate Reaches New Low According to CoinDesk data, one of the most closely watched trading pairs in the crypto market, ETH/BTC, recently hit its lowest level
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The Ethereum network is experiencing significant losses, reflecting the downturn in the current market conditions, despite its leading position in the ecosystem. According to data from Blockworks Research, Ethereum's blockspace profitability has been consistently positive since The Merge. However, as of September, Ethereum's "business"
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Grayscale has submitted an application for Ethereum ETF futures, as reported by the Wall Street Journal on September 19. Grayscale seeks to launch Ethereum ETF futures under the Securities Act of 1933, departing from their previous filings under the Investment Company Act of 1940. Previously, the U.S. Securities and
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Overview Balancer, a popular DeFi protocol on Ethereum, suffered a front-end attack that tricked users into sending funds to the hacker's address. Attack Details On the morning of 20/09, Balancer's official X (Twitter) account issued a warning that the project's website front-end had
