Top 10 DeFi protocols by TVL on BNB Chain
Key Points DeFi protocols have held up strongly in 2023 despite a crypto bear run due to a spike in unfavorable regulation for centralized counterparts. PancakeSwap holds the highest Total Value Locked on the BNB Chain at a staggering $1.8B, accounting for 34.8% of...
Binance becomes the first regulated crypto exchange in El Salvador
Key Points Binance has confirmed that it has become the first regulated crypto exchange in El Salvador. The development pushes El Salvador's Bitcoin vision further, as investors will have a chance to trade more cryptocurrencies. Binance has become the first regulated...
US SEC expected to announce a Bitcoin Spot ETF decision delay this week
Key Points According to US laws, the US SEC is bound to give a decision regarding the approval process of an ETF 45 days after the initial filing. This week will see the end of those days regarding a group of Bitcoin spot ETFs filed with the regulator. Galaxy Digital...
Bob Iger’s Disney creates an AI task force to explore tech and cost-cutting options
Key Points Disney has reportedly created a task force to study how AI can be used to cut costs in the studio. The development comes when Writers and Actors are on strike due to payment concerns and AI threats to their job security. House of Mouse CEO Bob Iger has...
Monetary Authority of Singapore to commit S$150M in FinTech markets, including Web 3
Key Points The Monetary Authority of Singapore released a report indicting a plan to commit S$150 M to explore and support emerging FinTech solutions like Web3. This report comes at a time when the MAS has been increasing its efforts in regulating and boosting the...
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Hot Stories
US Credit Score downgrade sinks global markets
Key Points Fitch announced on Tuesday that it was downgrading the US long-term foreign-currency issuer default rating from AAA to AA+. The US Credit Score was always on the balance of being revised downwards by Fitch following the 2023 debt ceiling crisis. US Stock...
MicroStrategy buys 14.5M worth of Bitcoin and may spend over $750M more
Key Points MicroStrategy has added another 14.5M worth of Bitcoin after adding 12,333 in June. The company says it plans to raise upwards of 750 million dollars to invest in the currency, among other corporate duties. MicroStrategy's Bitcoin buying spree continues as...
Bitcoin price dropped by 4% in July, upholding a history of not dipping below 10% in the month
Key Points Bitcoin, the worlds premiere cryptocurrency, drooped in price by 4% in July The coin has never lost more than 10% in July throughout its history Bitcoin price dropped by 4% in July, a market move that upholds its history of not dipping by over 10% in the...
Crypto Market Pulse Weekly View- August 1, 2023
DeFi under attack (again) Curve protocol was exploited on Sunday evenin putting at risk between $50 and $100 million of user funds locked in various stablepools (alETH/msETH/pETH) using Vyper 0.2.15. The reason is thought to be a malfunctioning reentrancy lockThe...
Justin Sun invests over $2.3m in Curve alongside a new Tron stUSDT liquidity pool
Key Points Tron network founder Justin Sun has introduced a stUSDT liquidity pool on Curve Finance to save the DeFi protocol from impending financial doom. Curve Finance has been losing the value of its tokens due to a Sunday exploit that puts the founder's $168M loan...
Mark Zuckerberg’s Meta to launch distinguished AI chatbots with personalities
Key Points Mark Zuckerberg’s Meta is preparing to have an edge against its competitors by launching AI chatbots with personalities. The move is to ensure that the company ‘retains users’ as more competitors grow in the budding industry. Meta, a social media...