DeFi News
Welcome to CoinEdition’s page for DeFi News! On this page, you can read and learn through news related to decentralized technologies content in the finance sector. CoinEdition ensures that our readers are up to date with topics such as wealth management, trading, investments, payments, and the companies surrounding DeFi News 24/7 and from all over the globe. DeFi News is a huge topic in the growing blockchain world and it is our responsibility at CoinEdition to compile them all for posterity’s sake. Therefore, grab your checkbook and credit cards, and let’s jump right into the world of finance in the DeFi News section here at CoinEdition.
Top 5 GameFi Tokens to Look Out for in 2023
Introduction to GameFi and its Future As the world dives deeper into the blockchain and digital currency era, a new sector emerges with incredible potential to revolutionize the gaming industry....
Yield Farming Tokens Are Becoming Less Attractive to Investors
Yield Farming price tokens may be losing their steam, or so it seems. Over the past few months, many yield farming tokens have lost significant value, making them unattractive to...
Tether Alters Terms in Singapore, Banning Local Shareholders
Tether has modified its terms of service, prohibiting Singapore residents’ shareholding in USDT exchanging. Julian Hosp, the CEO of Cake DeFi, disclosed an email from Tether outlining the policy change....
DeFi Platform Mixin Network Suffers $200m Hack; Pauses Services
Amidst the overall market slowdown and bear market, Decentralized Finance platform Mixin Network has suspended deposits and withdrawals following an exploit on its platform. According to the announcement, over $200...
North Korean Hackers Tied With Dictator Are Exploiting DeFi: Laura Shin
Messari CEO Ryan Selkis tweeted that he doesn’t believe North Korea is behind billions of dollars worth of crypto hacks. Crypto journalist Laura Shin explained that North Korea is a...
Investors Love DeFi, See Crypto as Shitcoins: COMP Founder
Robert Leshner, the founder of the Ethereum-based lending protocol Compound (COMP), recently expressed skepticism regarding institutional investors’ involvement in the crypto space. Leshner proclaimed his view during a panel discussion...
![Compound Finance’s [COMP] TVL May Not Stop a Pullback, Here’s Why](https://coinedition.com/wp-content/uploads/2023/07/DEFI-4-328x185.jpg "Ordinals and Restaking to Fuel Next BTC Bull Run: DEFI Researcher")
Ordinals and Restaking to Fuel Next BTC Bull Run: DEFI Researcher
Ignas, a prominent DEFI researcher shared several factors that will drive the next bull run. The researcher said the groundwork for Bitcoin’s breakout is already on, and will fuel an...
FriendTech’s Rapid Rise Hit by 97% Decline in Numbers: What Goes Wrong?
DeFi app FriendTech’s hype wanes, with rapid decline in numbers. Peak daily fees hit $1.7 million, but dropped 98% to $38,000. Concerns raised over trading fees, load times, and token...
Tron’s +1M Active Addresses: Survey Finds 66.7% of Crypto Users Never Used It
A DeFi researcher surveyed the crypto community on their recent activity on various blockchain networks. 42.8% of respondents reported using Ethereum transactions in the last seven days. However, Tron revealed...
DeFiChain Up 16% as Cake Group Announces ETH Staking Rewards Burn
Julian Hosp, CEO of Cake Group and Bake, took to X to make a significant announcement for the DeFi community. In particular, Hosp announced its team has received the first...
Gemini Files a Reply Memorandum Against SEC To Dismiss Lawsuit
Gemini Trust Company files a reply brief requesting the court to dismiss the SEC lawsuit against the exchange. The lawsuit claimed that the platform traded unregistered securities and amassed billions...
Zunami Protocol’s Post Mortem Reveals Flash Loan Attack Details
In a recent incident, the Zunami Protocol fell victim to a flash loan attack on August 13, 2023, resulting in a significant loss of 1,178 ETH, valued at approximately $2.16...
DeFiChain Founder’s Proposal to Boost DFI Price and Demand by Over $1M
DeFiChain founder Dr. Julian Hosp has put forward a strategic proposal to boost the value of the platform’s native token, DFI, and drive substantial demand of over $1 million. The...
Zunami Protocol Suffers $2.1M Loss in Classic Price Manipulation
Zunami Protocol’s core liquidity pool, hosted on the decentralized exchange Curve Finance, has become the target of the latest attack in the decentralized finance space. The exploit, which resulted in...
Canadians Show Reluctance to Embrace CBDC at Scale: Bank of Canada
A recent staff discussion paper released by the Bank of Canada sheds light on how Canadians view the idea of a Central Bank Digital Currency (CBDC) as a solution for...
DeFi Protocol Steadefi Exploited for Over $1.1 Million
Steadefi, a decentralized finance application, suffered a hack earlier today. The DeFi protocol, which offers leveraged yield vaults and lending pools, was exploited to the tune of $1.14 million after...
Shiba Inu Embraces DeFi: Implements Digital Identity Verification
Shiba Inu, a popular memecoin built on the Ethereum blockchain, has taken the initiative to affirm its position in the decentralized finance (DeFi) ecosystem. A blockchain spokesperson revealed that a...
Uniswap (UNI) Down 1.20% After Whale Decides To Take Profit
A whale by the name of stevu.eth deposited 200K Uniswap (UNI) to the cryptocurrency exchange OKX to take profits, according to a tweet posted earlier today by the on-chain analytics...
DeFi Trading Platform Oku Joins Hands With L2 Solution Boba Network
Earlier today, Boba Network, the multichain layer-2 (L2) solution, announced its integration with Oku, the DeFi trading platform powered by Uniswap v3 and created by GFX Labs. According to the...
Compound Finance’s [COMP] TVL May Not Stop a Pullback, Here’s Why
In the last 30 days, Compound Finance’s (COMP) Total Value Locked (TVL) has grown by 22.09%. According to TVL aggregator DefiLlama, Compound’s TVL growth was much more than Lido Finance...
DeFi Researcher Inquires About the Proposed Compound Chain
Ignas, a renowned DeFi researcher, inquired about Compound Finance’s proposed blockchain. Ignas recalled Compound Finance’s announcement of their Substrate-built Compound chain in 2021. Ignas’s recent inquiry includes a screenshot of...
LDO, UNI, AAVE: 3 DeFi Coins Poised for Breakout Rallies
Ongoing developments in the DeFi market suggest that Lido (LDO), Uniswap (UNI), and Aave (AAVE) could be set for independent upside price breakouts. Each of these coins has shown significant...
Koreans Prefer Cryptocurrencies But Not DeFi: Researcher
Ignas, a decentralized finance (DeFi) researcher and content creator, published a blog post delving deep into the Korean crypto culture. The researcher shed light on Korea’s preference for crypto over...
Dapper Labs, Circle Layoff Employees; CEOs Express Concern
In a move to tighten belts, crypto platforms continue their strategic maneuver of laying off employees, adding a substantial percentage to the total reduction of the workforce in the crypto...
Sturdy Finance Loses 442 ETHs Worth $800,000 in an Exploitation
The DeFi lending protocol Sturdy Finance was attacked today causing a loss of 442 Ether, accounting for an amount of almost $800,000. As per reports, the security attack was executed...
