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2024-05-08

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High Gas Fees Alert: Binance Wallet Records $840,000 in Abnormal Ethereum Charges Much of the DeFi downturn is attributable to an industry-wide activity slump. DeFi’s aggregate TVL is down 75% from 2021 highs of $320 billion to just under $80 billion today – part of a pullback in overall onchain activity. Crypto Voucher: Bitcoin Gift Card|Buy Bitcoin with credit card ...Second, Svanevik points to the natural synergies between gambling and betting and decentralized finance, where reliability and transparency aid use cases like sportsbook odds. Lower fees also allow profitable operation without needing a “house take.” In light of this, the crypto asset brokerage intends to roll out a stablecoin-based foreign exchange (forex) market by the end of September.

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Blockchain web hosting could be a promising solution for enhanced data privacy, security, and control. However, it is not without potential drawbacks. In late September, the website for the Ethereum-based automated market maker Balancer was compromised in a seemingly similar attack, with attackers making off with around $240,000 worth of funds. Best Decentralized Exchanges of 2023Old money is coming, and global finance is moving on-chain. Image Soure: AdobeThe total value locked (TVL) across DeFi projects has experienced a resurgence after teetering below the $40 billion mark last week.According to data from DeFi TVL aggregator DefiLlama, the DeFi market cap is currently valued at over $41 billion, with approximately $1.6 billion in trading volume over the past day.The surge indicates a daily rise of around 6%, accompanied by a 6.39% increase in trade volume. Among the top DeFi tokens, Chainlink (LINK) has emerged as one of the biggest winners of the week, experiencing a more than 4% increase in value. However, other coins like Synthetix (SNX) and injective (INJ) have slipped by 2.70% and 3.36%, respectively, over the past week.Among smaller DeFi tokens, some witnessed notable growth while others faced significant declines. During the previous week, Ellipsis (EPS) experienced a remarkable rise of 129% and Thorchain (RUNE) climbed by 49.29%. Conversely, Persistence (XPRT) plummeted by 12.47%, and Mobox (MBOX) suffered a decline of 10.94%. Curve's CRV token, still recovering from a recent hacking incident, fell by an additional 4.81% this week.DeFi TVL Reaches Almost $42 Billion on SundayDespite fluctuations in token performance, theTVL in DeFi reached $41.94 billion on Sunday, narrowly avoiding falling below the $40 billion threshold. Leading the pack in TVL size is Lido Finance, boasting an impressive $15.11 billion in its liquid staking protocol. Following Lido, Makerdao, Aave, Uniswap, and Tron's Justlend protocol are ranked based on TVL size.Out of the 202 blockchain platforms, Ethereum dominates with over 58% of the TVL market share, amounting to $24.38 billion. Trailing behind are Tron, BSC, Arbitrum, Polygon, Optimism, Avalanche, Mixin, Solana, and Cronos. Tron's TVL commands a 13.31% market share, with a combined value of $5.56 billion as of Sunday morning.Furthermore, an astonishing 10.89 million Ether, equivalent to $20.252 billion, is locked in 23 distinct liquid staking DeFi protocols related to Ethereum. These protocols account for nearly half (48.28%) of the entire $41.94 billion TVL in DeFi across all 202 blockchain networksThe rise in DeFi TVL comes amid a surge in good news within the industry. Last week, payments giant PayPal announced that it is rolling out its PYUSD stablecoin soon.The dollar-pegged asset is issued by Paxos, a blockchain infrastructure firm that used to issue Binance USD (BUSD) stablecoin.Likewise, Coinbase announced the launch of its Ethereum (ETH) layer-2 scaling solution Base.The platform aims to enable developers to build their own crypto applications, expanding Coinbase's revenue streams beyond its core trading business. DeFi Protocol Zunami Loses Over $2.1 Million in a Major Price Manipulation Attack

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. South Korea’s largest crypto exchange, Upbit, has resumed deposits and withdrawals of Aptos (APT) tokens after abruptly halting the service due to a security incident. CFTC greenlights Eurex Bitcoin index futuresSource: BTCUSD on TradingView.com Delegated proof of stake (DPOS) allows users to stake their coins and vote for a particular number of delegates. The weight of a user’s vote is dependent on their stake. This means that the vote of a user who staked 20 coins will have more weight than the user who only staked 2.

If the resistance cluster fails to hold steady at that vital level, BCH could edge closer to $250. Stablecoins solve many of the problems that are so common in emerging economies, Carrica says. “A stablecoin is very easy to access. You access it with a local payment network. You buy your dollars. The custody is simpler, and then you can pay other people internationally with it.” Step-by-Step Guide for Using Bitcoin for Online PokerSilva wrote that with Binance being accused of regulatory non-compliance in numerous other jurisdictions, in Brazil, Binance’s operations were “surrounded by suspicion.” At the time, Nouns contributors told Blockworks some of the Nouns holders who left were interested in an arbitrage opportunity where Nouns could be bought for below their book value, or proportional share of the DAO’s treasury.

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