DeFi Staking Players Soar After Kraken Blow
News
- DeFi Staking Players Soar After Kraken Slapped by SEC
- 3AC Founders’ New Exchange Branded ‘Insult’ to Burned Investors
- MakerDAO to Challenge Aave in DAI Market
- Aave Taps Proof of Reserves System for Avalanche Market
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Market Action
DeFi Staking Players Soar After Kraken Slapped by SEC
Lido and Rocket Pool Tokens Record Double-Digit Surge After CEX Shuts Staking-as-a-Service
Liquid staking protocols soared Thursday after crypto exchange Kraken settled a lawsuit with the United States’ top financial markets regulator.
3AC Founders’ New Exchange Branded ‘Insult’ to Burned Investors
Zhu and Davies Launch Exchange for Bankuptcy Claims Amid Furor
By Owen Fernau
In an audacious, and some might say perverse venture, the co-founders of Three Arrows Capital have launched an exchange to trade bankruptcy claims, including those for their own firm.
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DeFi Rivalries
MakerDAO to Challenge Aave in DAI Market
DeFi Lender Plans Venture to Build DAI-based Products and Dashboard
By Samuel Haig
Aave better watch its back. On Wednesday, high-ranking members of MakerDAO, the No. 2 DeFi protocol and lender, released a plan to set up a new lending venture that will compete with Aave’s efforts in the market for DAI, Maker’s widely used stablecoin.
Read the full story in The Defiant
Proof of Reserves
Aave Taps Proof of Reserves System for Avalanche Market
DeFi Lender Seeks to Protect Wrapped Tokens Vulnerable to Bridge Exploits
Aave will use Chainlink’s Proof of Reserves system to make sure wrapped tokens on the lender’s Avalanche market is sufficiently collateralized, the DeFi players said Tuesday.
Read the full story in The Defiant
NFT Market
NFT Market Shows Signs Recovery After Rough Year: Report
Yuga Labs’ BAYC and CryptoPunks Account for 50% of Market Value
By Samuel Haig
Bored Apes and CryptoPunks still rule the world of NFTs. And after enduring a bear market that vaporized 60% of NFT value on Ethereum, green shoots are emerging.
Read the full story in The Defiant
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Trends
AI tokens are pumping, BUT…
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