The Ethereum market is on fire, at least proverbially speaking. Over the first eight hours since EIP-1559 was implemented, thus changing the transaction fee mechanism of Ethereum, 2,458 ETH, or $6.9M at ETH’s current price of around $2.8K, had been burned.  The proposal, which went into effect with the London hard fork at 8:34 am…

Liquidations are a pain for Defiers, but a new tool aims to prevent them automatically. Decentralized bot network, Gelato Network, released a user interface yesterday which will automatically pay down users’ debt on lending platform Aave if they are close to liquidation.  The interface, called Cono Finance, does this by selling some of a user’s…

In the latest sign that Wall Street big shots love crypto, Point72 Ventures, the early-stage investment firm founded by hedge fund billionaire Steven Cohen, has led a $21M funding round in Messari, the crypto market intelligence provider. It is Point72’s first foray into crypto.  Founded in 2018, Messari compiles and analyzes metrics on the ups…

DeFi’s latest DAO war is offering an inkling to just how thorny tokenized governance can get. Supporters of the tokenized risk protocol BarnBridge are upset as a proposal to list the project’s BOND token as collateral on lending platform Aave has been met with unexpected resistance from a handful of large token holders in the…

SEC Commissioner Hester Peirce is taking a “liberty-loving perspective” when it comes to cryptocurrency and DeFi, contrasting with statements by the agency’s chairman on Tuesday.  For Peirce, who joined a panel hosted by The Defiant and DeFi Watch on Aug. 4, if users are voluntarily deciding to trust the code over a company then they…

There’s a bullish case for ETH, and it’s being defined by terms such as ultrasound money, triple-halving, and deflationary asset.  Ethereum’s London hard fork is set to execute on August 5 and the included EIP-1559 upgrade has been hailed by many as a game changer for the world’s second largest cryptocurrency. Because the upgrade sets…

Ethereum’s London hard fork upgrade, one of the biggest changes to the world’s most active blockchain, is slated to go into effect tomorrow August 5. With anticipation building about its effect on ETH and gas prices, here’s what users should expect. First and foremost, if you have ever been confused by Ethereum gas fees in…

At this point, we really shouldn’t be surprised when Mark Zuckerberg courts controversy. But on July 28, he actually told investors on an earnings call that Facebook would become a metaverse company in the future. Huh?  Maybe Zuckerberg was just tossing off the latest buzzword to goose Facebook’s stock. Or maybe he truly believes that…

CryptoPunk sales exploded over the past week, and the rest of the NFT market is coming along for the ride. The OG NFT avatar project has always been the biggest tour de force in the NFT marketplace, but recently the project has seen an unprecedented amount of sales, in both volume and value. From July…

All the best things come in threes and you, lucky viewer, will get the chance to test that theory live in real time on this very internet web television as we bring you three of the chiefest chiefs in synthetic tokens for the third of our live jam sessions.