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Binance Labs has announced its investment in Babylon, a protocol designed to support Bitcoin staking and capital reuse on Proof of Stake (PoS) networks. Investment Announcement The announcement was made on Binance Labs' X account on the evening of February 27. We’ve invested in @babylon_chain! Babylon is
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Over the past 24 hours, the price of BTC has surged nearly $5,500, driven by Bitcoin spot ETFs. Bitcoin ETFs Achieve Record Trading Volume, Bitcoin Price Hits $57,000 Since the evening of February 26th, the price of Bitcoin (BTC), the world's largest cryptocurrency, has regained momentum
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The liquid staking protocol Lido reached a total value locked (TVL) of $30.56 billion for the first time on February 26th. TVL of Liquid Staking Protocol Lido Crosses $30 Billion. Image: Decrypt The TVL of Ethereum's liquid staking protocols has been consistently surging over the past two
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The market capitalization of the USDC stablecoin has witnessed faster growth compared to its leading counterpart USDT in recent months. Market Capitalization of USDC Stablecoin Sees Resurgence The second-largest stablecoin, USDC, issued by Circle and backed by cryptocurrency exchange Coinbase, is experiencing a resurgence in market capitalization, rising to $28.
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The core team of the prominent DeFi project on Ethereum, Frax Finance, is considering sharing a portion of the protocol's revenue with users who stake veFXS tokens. CEO's Inspiration Sam Kazemian, the founder and CEO of Frax Finance, mentioned that this idea is inspired by last
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The community's heightened interest in DeFi and Ethereum Layer-2 blockchain projects has propelled Mantle (MNT) to achieve an all-time high in price. Mantle (MNT) Hits New Highs on Ethereum DeFi Layer-2 Trend Over the past 24 hours, the native token MNT of the modular Layer-2 blockchain Mantle, part
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Just ahead of its mainnet launch, the Blast ecosystem has experienced its first rug pull incident, resulting in over $1.3 million in losses. Blast Announces Mainnet Schedule Blast, a layer 2 solution created by the founder of NFT trading platform Blur, has scheduled its mainnet launch for February 29th.
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Zircuit, a newly launched layer-2 platform, has attracted a staggering $140 million in staked ETH within just 24 hours of its mainnet launch. Alongside staking rewards, users will also earn Zircuit points. A Boom in Restaking and Liquid Restaking The restaking and liquid restaking sectors are drawing significant capital inflows
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Despite being launched less than three months ago, Ethena, the protocol behind the digital dollar USDe, now holds over 5.5% of the global open interest (OI) in Ethereum perpetual futures contracts. Understanding Open Interest (OI) Open interest (OI) measures the total value of all outstanding or "unsettled"
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The streaming token protocol Superfluid has successfully raised $5.1 million in a strategic funding round. Led by Fabric Ventures, this funding round also saw participation from prominent names such as Multicoin Capital, Circle Ventures, Safe Foundation, and The LAO. CEO Francesco George Renzi stated that the round adheres to
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On the early morning of February 23rd, Optimism officially announced the deployment of the Delta upgrade onto the mainnet, aimed at significantly reducing operational costs for OP Chain networks. According to OP Labs' announcement on X platform, the Delta upgrade has successfully reduced fixed costs for OP Chains by
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On the evening of February 23, 2024, Uniswap Foundation made a surprising announcement regarding a new governance proposal aimed at changing the fee mechanism on the DEX platform, sharing revenue with holders of UNI tokens. Governance Proposal and Impact on UNI Token 🔈 New Governance Proposal Posted 🔈 UF Governance Lead @eek637
