Ethereum Watch

Advertisements The top 100 DeFi tokens had a mixed week in terms of price action, with the total value locked in DeFi protocols maintaining above $50 billion. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. A total […]

Ethereum-based decentralized finance (DeFi) protocol dYdX is closing operations in Canada. According to an official announcement, users in this country will be unable to open new accounts starting today, April 7th, at 17:00 UTC. Advertisements As a result of the announcement and following today’s trend in the crypto market, dYdX’s native token experienced a spike […]

Cosmos switches gears for the fast lane to mass adoption. ATOM fails to overcome range amid low volatility and limited volumes prevail. The blockchain interoperability concept made rounds during the 2021 crypto bull run, and was championed by the likes of the Cosmos network. Unfortunately, they had to pump the brakes when crypto winter came. […]

MATIC has struggled in the market recently, even during times of recovery. The coin has been unable to clear the resistance at $1.2 in the last couple of weeks and this has seen it take a beating below $1.1 multiple times. However, times may be changing for the cryptocurrency as the token is beginning to […]

Key Takeaways Coin Center has responded to the U.S. Treasury’s “DeFi Illicit Finance Risk Assessment” report. The crypto advocacy group criticized the Treasury for assuming that all DeFi protocols failed to comply with AML regulations. However, it praised the report for acknowledging that DeFi presented very little risk of illicit activity compared to the traditional […]

Advertisements The re-staking collective aims to address Ethereum validator economic incentives. A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet. The mainnet launch of the EigenLayer protocol is not expected until Q3, however, and testing will be phased in three stages to […]