Sky Protocol’s decentralized finance network has launched a new institutional-grade credit protocol with a $1 billion investment into tokenized credit. Grove, a DeFi credit infrastructure developed as part of the Sky (SKY) ecosystem, was announced in a press release on June 25. At launch, the Sky ecosystem allocated $1 billion to Grove for investments in…
Users across several blockchains can now take non-custodial, crypto-backed loans in just days, the two firms claim. DeFi is racing to close the usability gap with traditional platforms. On Wednesday, June 25, Web3 cloud firm Gelato and Defi lending protocol Morpho announced the launch of embedded crypto-backed loans. According to the two firms, the platform…
In a 2010 Bitcointalk forum post, Hal Finney, a cypherpunk involved in Bitcoin from day one, described the way he sees the emergence of Bitcoin banks in the future. He believed that peer-to-peer Bitcoin transactions would be rare. Instead, people will use better-scaled digital cash issued by Bitcoin-backed banks. How was Hal Finney, and what…
The attacker(s) that exploited the Cork protocol for millions earlier this year has resurfaced to launder their loot and make a surprise donation. On Wednesday, June 25, blockchain security firm PeckShield Alert flagged renewed activity from wallet addresses tied to exploiters of the decentralized finance platform Cork Protocol. The movements marked the first recorded from…
The Nasdaq-listed SharpLink Gaming is doubling down on its Ethereum treasury strategy with yet another major purchase. SharpLink Gaming has announced the addition of another 12,207 ETH (ETH) to its growing Ethereum holdings, spending approximately $30.67 million at an average price of $2,513 per token. The purchase follows a much larger buy just over a…
U.S. spot Bitcoin exchange-traded funds neared a two-week inflow streak on Tuesday, as geopolitical tensions eased and institutional interest continued to drive demand. According to data from SoSoValue, the 12 U.S. spot Bitcoin ETFs drew a combined $588.55 million in inflows on June 24. This marked the strongest single-day performance in over a month and…
Truth Social operator, Trump Media and Technology Group Corp, has filed a Form 19b-4 to list the Truth Social Bitcoin and Ethereum ETF on NYSE Arca. According to a June 24 filing with the U.S. Securities and Exchange Commission (SEC), the ETF, proposed under the ticker symbol B.T., would hold 75% of its assets in…
Aptos is trading at $4.85, up roughly 10% in the past 24 hours, as bulls try to regain control following a period of consolidation. The recent uptick appears supported by improving network fundamentals and a shift in sentiment. According to DeFiLlama data, the network’s on-chain growth has been accelerating. Monthly decentralized exchange volume on Aptos…
NEWT, the native token of the ZK-powered automation layer Newton Protocol, experienced a sharp price drop following its listing on major cryptocurrency exchanges, including Binance and Bitget. On June 24, NEWT was officially listed on Binance, marking the token’s Token Generation Event. It was quickly followed by spot listings on Coinbase, Bybit, Upbit, MEXC, Gate.io,…
Coinbase helped the U.S. Secret Service trace and recover $225 million in USDT tied to pig butchering scams in one of the largest crypto seizures in the agency’s history. According to a June 24 blog post, the exchange supported the multi-agency investigation by analyzing onchain fund flows and helping identify scam victims for restitution. As…
