Crypto Weekly Roundup: Trump Announces DeFi Project, Indonesian Exchange Hacked, & More
The week saw some interesting developments in crypto, with the UK proposing a bill recognizing digital assets as personal property, marking a notable step in regulatory efforts and Donald Trump announcing his DeFi project, World Liberty Financial. Let’s find out more.
Bitcoin
BlackRock, the world’s largest asset manager with over $9 trillion in assets, is positioning Bitcoin as a key tool in navigating growing global financial instability.
Ethereum
Ethereum Name Service (ENS) has integrated with PayPal and Venmo, enabling users to transfer cryptocurrency using ENS names and simplifying the transaction process for over 270 million U.S. users.
DeFi
Republican presidential candidate Donald Trump has officially unveiled the launch date of his decentralized finance (DeFi) project, World Liberty Financial.
Leading decentralized finance lending aggregator Summer.fi has announced its litepaper for the “Lazy Summer” protocol, a significant advancement in DeFi aimed at simplifying yield optimization.
Altcoins
Solana’s newest memecoin member, Husky Inu ($HINU), was recently launched for presale and has already generated over $400,000.
Non Gamstop casino opens up a world of benefits with fewer restrictions, a broader range of games, and potentially bigger bonuses.
Business
The Bifrost community has proposed aligning its address format with the Polkadot address format to enhance user experience and reduce confusion.
Infamous crypto exchange FTX has cleared a major hurdle in its bankruptcy proceedings by reaching a $14 million settlement with Emergent Technologies, resolving a dispute over $600 million in Robinhood shares.
NFT
Blockchain gaming ecosystem Unioverse launches a new gaming title, Hoverdrome, a new NFT, and a celebratory tournament with over 15,000 $USDC and 300,000 $UNIO in prizes to be won.
Web3
Positive sentiment has returned to the crypto market after a long bearish period, with coins like Solana and Cardano showing gains in the monthly timeframes.
The cross-chain lending protocol Nolus has announced an expansion of its available assets by introducing support for volatile base currencies, like BTC and ETH, enabling users to go long and short on these assets and earn additional yield from the respective liquidity pools.
Random Games has announced its partnership with Arctic7 in a bid to explore content creation within the Unioverse, their pioneering sci-fi franchise and game creation platform.
Security
One of Indonesia’s largest cryptocurrency exchanges, IndoDax, has been hacked, resulting in the theft of over $20.5 million in digital assets across multiple blockchain networks.
Regulation
The UK government has introduced the Property (Digital Assets etc) Bill to Parliament, proposing that digital assets such as cryptocurrencies, NFTs, and even carbon credits be considered personal property under British law.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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