Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Labs
Iggy Azalea MOTHER Coin Surges 58% On DWF Labs Collaboration Announcement
The famous token inspired by Australian singer Iggy Azalea, the Mother Iggy (MOTHER) token on the Solana (SOL) blockchain, experienced a significant surge of 58% on Thursday, emerging as the top performer in the market, as the meme coin announced a new collaboration with Web3 investor and market maker DWF Labs. Iggy Azalea Collaboration With DWF Labs DWF Labs, through a series of posts on social media platform X (formerly Twitter), announced its strategic partnership with now crypto investor Iggy…
11 months ago
SEC Faces Backlash from Uniswap Labs Over Proposed DeFi Regulations
Uniswap Labs has asked the SEC to reconsider its proposed rule changes to the Securities Exchange Act of 1934. Uniswap Labs argues that the proposed amendments conflict with a recent Supreme Court ruling. Uniswap Labs has formally requested the U.S. Securities and Exchange Commission (SEC) to reconsider its proposed amendments to the Securities Exchange Act of 1934. These changes aim to expand the definition of an “exchange,” which Uniswap contends overreaches the SEC’s authority over decentralized finance (DeFi) platforms. Uniswap…
11 months ago
DWF Labs Pledges Commitment to Web3 Growth Despite Market Struggles
DWF Labs is doubling down on its bets in the broader crypto ecosystem amid ongoing market strain. The investment giant aims to continue to fund innovative projects as the market evolves overall. DWF Labs, a Web3 investor and market maker, says it will continue on its growth strategies despite current struggles in the market. The market maker has promised to be more dynamic and robust as it continues with its ongoing expansion initiatives. DWF Labs Web3 Expansion Plans As revealed…
11 months ago
Usual Labs Announces Public Pre-Launch Phase After Securing $75M in TVL for USD0 During Private Phase
Paris, France, July 10th, 2024, Chainwire The pioneering company behind Usual, Usual Labs, an innovative protocol bridging traditional and decentralized finance (DeFi) through its first USD0 stablecoin, is thrilled to announce the commencement of its public pre-launch phase. This milestone follows a fruitful private launch, during which Usual Labs secured an impressive $75 million in Total Value Locked (TVL) commitments from over 180 prominent DeFi leaders and investors within a month. USUAL stands as a secure, transparent, and decentralized Tether,…
11 months ago
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LabsPolychain Accuses Former Employee Of Secret Deal With Eclipse Labs
The post Polychain Accuses Former Employee Of Secret Deal With Eclipse Labs appeared first on Coinpedia Fintech News Polychain has accused a former employee, Niraj Pant of making a secret deal with portfolio company Eclipse Labs that broke the fund’s policies. The former CEO of Eclipse Labs had allocated Pant 5% of a forthcoming Eclipse crypto token in September 2022, just days after Pant directed Polychain to lead the company’s $6 million pre-seed funding round. However, the allocation was eventually…
11 months ago
Ethena Labs and Lyra Finance Partner for Unique ETH Strategy
Lyra Finance partners with Ethena Labs to offer leveraged ETH exposure without initial capital risk. Ethena Labs’ stablecoin USDe gains utility through integration with Cloudbet and Bybit. Restaking derivative platform Lyra Finance announced in a recent tweet its partnership with Ethena Labs. By means of this partnership, users of the site have more ETH exposure without running any initial risk. While keeping their sUSDe returns when ETH prices remain constant, users may possibly make up to 2.5x their sUSDe returns…
11 months ago
Voyage to the West: Midas Labs’ Revolutionary Platform Set to Transform Indie Gaming
The post Voyage to the West: Midas Labs’ Revolutionary Platform Set to Transform Indie Gaming appeared first on Coinpedia Fintech News In a significant development for the gaming industry, Midas Labs has unveiled its latest venture, “Voyage to the West,” a platform designed for Community-building by Midas to revolutionize how independent game developers connect with global audiences. This new initiative aims to create a vibrant, inclusive ecosystem that not only empowers smaller gaming studios but also enhances player experiences through…
11 months ago
VeChain and WoV Labs Introduce Blockchain-Powered Digital Passport for Authenticity Verification
The VeChain and WoV Labs partnership aims to revolutionize digital ownership through blockchain-powered digital passports, enhancing transaction security and offering exclusive benefits via NFTs. This collaboration simplifies the blockchain experience, driving market performance and sparking discussions about the future impact of integrating blockchain with traditional media. When it comes to data and transaction security, VeChain has been at the forefront with its tokenized authentication solution, Digicardkey, as reported in a previous CNF post. Recently, VeChain and WoV Labs have introduced…
11 months ago
Chainlink CCIP Integration Enables DRIFT Labs to Expand Token Accessibility
DRIFT Labs has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable secure and seamless cross-chain transfers across the BNB Chain, Ethereum, and Polygon networks. This integration highlights Chainlink’s robust security and reliability features. Drift, a leading Web 3 gaming studio, has recently announced the integration of the decentralized blockchain oracle network Chainlink’s Cross-Chain Interoperability Protocol (CCIP). .@TheDriftToken has integrated #Chainlink CCIP across @BNBCHAIN, @ethereum, and @0xPolygon. How the industry-standard unlocks secure cross-chain transfers of DRIFT ↓https://t.co/H4gTOIAkyQ — Chainlink (@chainlink) July…
11 months ago