Node operators voted to temporarily suspend redemptions for the platform’s decentralized finance (defi) offerings, but core developers claim it’s business as usual for all other aspects of the network. Thorchain Teeters on the Edge of Insolvency Decentralized exchange Thorchain halted fund redemptions on its defi products on Friday amid rumors of potential insolvency but claimed … Read more
The crypto president has signed several executive orders that support crypto, which has helped the altcoin market recover strongly. As a result, the price of SOL has bounced from the important $240 support level, and key on-chain metrics have improved. There’s also a notable increase in transactions on the SOL network, nearing a monthly high, … Read more
According to data from CoinMarketCap, the decentralized physical infrastructure network sector has a market capitalization of over $27 billion.
While Democrats are calling for an investigation into Donald Trump’s potential conflicts of interest on crypto, House Republicans said they would explore debanking claims.
The US House Oversight Committee has announced its investigating cases of debanking of crypto companies. Uniswap, Coinbase, Kraken, a16z and Blockchain Association are among crypto companies and entities to receive a letter asking for information on the alleged debanking. The Senate Banking Committee is also set to hold a hearing on debanking in early February. … Read more
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Crypto’s new viral app isn’t very new at all. Solana-based social project Clout saw its downloads take off after launching an iPhone app that lets users buy tokenized versions of social media profiles. This is very similar to the premise behind the … Read more
The tokens use sophisticated delta hedging market strategies to generate double-digit yields for investors. Yield-Focused Stablecoins Debut on Avalanche Defi platform Avant launched its yield-focused stablecoin pair AVUSD and SAVUSD on the Avalanche blockchain on Thursday. The tokens made their debut after a five-month whitelisting period where they generated a double-digit yield, according to a … Read more
The U.S. Securities and Exchange Commission has rescinded a highly controversial rule that set certain rules for banks and other public firms wanting to hold crypto. The reversal marks another shakeup in the SEC following the exit of ex-chair Gary Gensler and potentially a new approach to regulating crypto assets under Commissioner Hester Pierce, who … Read more
Ethereum’s recent resurgence is highlighted by significant transactions from notable crypto investors, driving excitement in the market. With ETH maintaining its value above crucial support levels, investor confidence appears to be on the rise, suggesting a bullish trend ahead. “The active participation of prominent figures like Trump and Sun signals a potential shift in market … Read more
In typically Trump style, the Jan. 20 presidential inauguration was marked by excitement, concern and outright confusion from the crypto faithful.