How Many SAGA Coins Are There in Circulation? SAGA Protocol

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How Many SAGA Coins Are There in Circulation? SAGA Protocol launched its mainnet on April 9, 2024 with 1 billion SAGA tokens created at genesis. $SAGA #ozuru

How Many SAGA Coins Are There in Circulation?
SAGA Protocol launched its mainnet on April 9, 2024 with 1 billion SAGA tokens created at genesis. 
$SAGA #ozuru  

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Pac Finance users experienced a shock on Thursday when an unexpected code modification led to massive financial losses, highlighting the risks of alterable software on DeFi platforms. In the early hours of April 11, at approximately 1 am London time, an individual with entry to the admin wallet of Pac Finance initiated a code update. This action reduced the collateral liquidation threshold for the protocol. This adjustment instantly resulted in the liquidation of collateral for numerous traders employing Pac Finance for leverage farming with Renzo’s ezETH token, culminating in losses totaling $26 million. Source: dlnews.com #ozuru

Arkham’s analysis reveals a significant shift in global finance as major governments, including the U.S., U.K., and Germany, accumulate substantial Bitcoin holdings. The U.S. leads with 212,847 BTC valued at $15 billion, followed by the U.K. with 61,245 BTC and Germany with 49,858 BTC. This trend reflects the increasing integration of cryptocurrencies into national economies and raises important questions about future financial regulations and the balance of geopolitical power. Source: cryptocrunchnews #ozuru

During Q1 of 2024, the crypto market experienced a significant surge, with total trading volumes reaching an unprecedented $5.3 trillion. The lion’s share of this volume was attributed to centralized exchanges (CEX), which saw trades amounting to $4.8 trillion, while decentralized exchanges (DEX) contributed a substantial $523 billion. Comparing quarter-over-quarter growth, CEXs witnessed a 96% increase, whereas DEXs enjoyed a 76.5% rise in trading volumes. The month of March stood out as the peak for trading, with CEXs and DEXs recording $2.5 trillion and $264.3 billion respectively. On a year-over-year basis, DEXs outpaced CEXs slightly in growth, with an 82.5% rise compared to an 81% increase for CEXs. Binance solidified its dominance in the CEX arena, capturing nearly 5% more market share and facilitating over $2 trillion in trades, which accounted for 43.4% of the total CEX volume. Uniswap maintained its lead in the DEX space, securing 31% of the total DEX volume. Despite these impressive figures, the ratio of DEX to CEX volumes saw a slight decrease, dropping from 12.1% in the last quarter of 2023 to 10.9% in the first quarter of 2024. Source: cryptobriefing.com #ozuru

Bernstein’s research highlights Solana as a frontrunner in blockchain payments, noting its positive impact on market liquidity and investor sentiment. Source: theblock.co #ozuru

Uniswap Labs, a major player in decentralized finance, has received a Wells Notice from the US Securities and Exchange Commission (SEC), indicating potential enforcement action for securities regulation violations. A Wells Notice is a formal warning which the SEC sends to a company prior to launching a formal lawsuit and which provides it a final opportunity to rebut any allegations. The company has expressed its readiness to contest any lawsuit. This situation mirrors that of Coinbase, which received a similar notice last year and is currently engaged in an ongoing legal battle with the SEC after being charged with operating as an unregistered securities exchange. What are your thoughts on the legal battles between SEC and the major players in the crypto sector? #ozuru

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