Big Cap
Bitcoin's price remains relatively stable following the Federal Reserve's announcement of a 25 basis point interest rate hike, as anticipated. Fed Raises Interest Rates to 22-Year High – Crypto Market Unfazed? Image: Bloomberg Late on July 27 (Vietnam time), the Federal Reserve of the United States announced
Big Cap
Palau's USD-backed stablecoin will undergo a trial minting on the XRP Ledger via Ripple's CBDC platform. Palau Islands Pilot Testing Ripple-Based Stablecoin As announced on the morning of July 27, Palau—comprising 340 islands in the Pacific Ocean—has partnered with Ripple to pilot its own
Big Cap
Polygon is moving closer to replacing its current MATIC token with a new currency, POL, as it deploys the POL smart contract on the Ethereum mainnet. Polygon Deploys Smart Contract for New Token POL on Ethereum. Image: Polygon On the afternoon of October 25, Polygon Labs announced the deployment of
defi
PancakeSwap, the decentralized exchange (DEX) initially launched on the BNB Chain, is now expanding its reach to zkSync Era, according to an announcement by Chef Cocoa to CoinDesk on the evening of July 27. Expansion to zkSync Era PancakeSwap’s integration with zkSync Era is part of its broader strategy
Big Cap
The market's 7th largest cryptocurrency, Dogecoin, saw a nearly 10% increase immediately after a Twitter announcement of a rebrand. Dogecoin (DOGE) Surges Due to This "Small Detail" by Elon Musk The Dogecoin frenzy appears to have returned following the appearance of the memecoin's logo
Big Cap
According to its pre-scheduled timeline, the OP Mainnet (Optimism) layer-2 network is set to unlock 24.16 million OP tokens on July 30th. https://cdn.coin68.com/images/20230726041416-9713d96a-cae3-4e18-8c19-c3084a87ceb1-68.jpg OP Mainnet (Optimism) Prepares to Unlock 24 Million OP Tokens According to Token Unlocks data, 24.16 million OP tokens,
defi
Investment firm a16z is reportedly taking advantage of the recent surge in Maker (MKR) prices to reduce its exposure to this DeFi token. a16z Transfers MKR Tokens According to on-chain data, Andeessen Horowitz (a16z) has sold a portion of its investment in MakerDAO’s governance token MKR due to the
defi
This past Sunday, the DeFi market experienced a significant downturn, with trading volumes falling to their lowest level in seven months, recording only $1.12 billion according to DefiLlama data. DeFi Market Struggles The total value locked (TVL) in DeFi dropped from $45.3 billion at the beginning of July
NFT & GameFi
According to CoinGecko, notable NFT collections have experienced a dramatic decline, ranging from 40% to nearly 100% from their all-time high (ATH) prices. Blue-Chip NFT Collections Drop 83% from ATH Statistics comparing the ATH prices of 11 blue-chip NFT collections (which are high-value collections with large communities) with their prices
NFT & GameFi
Star Atlas, a once high-profile game on the Solana blockchain, has acknowledged its challenging situation and has decided to undertake a significant reduction in its workforce. Star Atlas Cuts Over 70% of Its Workforce In an announcement posted on Discord on July 25, the development team behind Star Atlas, ATMTA,
defi
Users of Linea are facing significant withdrawal delays from the bridge solution, just two weeks after the layer-2 network launched its mainnet. Delayed Withdrawals on Linea Despite Linea's announcement that the issue has been patched, some users are still unable to withdraw their ETH from the layer-2 network
defi
Era Lend, a lending platform on the zkSync Era ecosystem, has recently been exploited, resulting in an estimated loss of $3.4 million. Details of the Exploit Era Lend confirmed the security breach on their official Twitter account. Users are advised not to deposit any more USDC into the platform,