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Kai Finance on Sui Soars 2,200% in TVL to Record $12.7M
Kai Finance, a leveraged yield platform on the Sui blockchain, saw its total value locked (TVL) surge over 2,200% in the past month to hit a record $12.7 million on Monday, November 25, as per DefiLlama data.
Kai had $1 million in TVL at the beginning of November and less than $200,000 on October 21. It has been among the top 15 monthly performers in DeFi and the best performer on Sui.
The platform enables crypto investors to earn passive income by selecting from Single Asset Vaults or Lever
Kai had $1 million in TVL at the beginning of November and less than $200,000 on October 21. It has been among the top 15 monthly performers in DeFi and the best performer on Sui.
The platform enables crypto investors to earn passive income by selecting from Single Asset Vaults or Lever
Stellar DeFi TVL Reaches Record $61M Amid XLM’s 400% Price Surge
Stellar, one of the oldest layer 1 chains with smart contract functionality, saw its total value locked (TVL) in supported decentralized applications (dapps) hit a record $61 million on Sunday, November 24, according to data from DefiLlama.
This marks a more than 150% increase from the previous record established in mid-November at $24 million.
Stellar’s TVL growth has been driven by its five decentralized exchange (DEX) apps, the main lending app, and a decentralized stablecoin project.
O
This marks a more than 150% increase from the previous record established in mid-November at $24 million.
Stellar’s TVL growth has been driven by its five decentralized exchange (DEX) apps, the main lending app, and a decentralized stablecoin project.
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Sky Mavis Lays Off 21% of Staff As It “Strategically Positions Itself for Hypergrowth” in 2025
Quick take:
The move is part of Sky Mavis’s strategy to refocus on developing core products and positioning for long-term growth.
The new focus includes expanding the Ronin Network and wallet service, Mavis Marketplace, Axie Infinity, and developing a new Axie Infinity game.
Sky Mavis co-founder Nguyen Thanh Trung emphasised that financial constraints did not prompt the decision.
Sky Mavis, the developer of the popular NFT game Axie Infinity is laying off 21% of its workforce, affecting appr
The move is part of Sky Mavis’s strategy to refocus on developing core products and positioning for long-term growth.
The new focus includes expanding the Ronin Network and wallet service, Mavis Marketplace, Axie Infinity, and developing a new Axie Infinity game.
Sky Mavis co-founder Nguyen Thanh Trung emphasised that financial constraints did not prompt the decision.
Sky Mavis, the developer of the popular NFT game Axie Infinity is laying off 21% of its workforce, affecting appr
SEC Chair Gary Gensler Resigns As Trump’s Pro-Crypto Agenda Begins to Manifest
Quick take:
The outgoing SEC chair was appointed by President Joe Biden on April 17, 2021.
Biden withdrew from the November 4, election which Trump won, paving the way for what he promised would be a crypto-friendly administration.
One of Trump’s pre-election promises was to fire SEC chair Gary Gensler on day one.
Gary Gensler has announced he will be stepping down from his position as the Chair of the Securities and Exchange Commission (SEC) on January 20.
Announcing the decision via a pre
The outgoing SEC chair was appointed by President Joe Biden on April 17, 2021.
Biden withdrew from the November 4, election which Trump won, paving the way for what he promised would be a crypto-friendly administration.
One of Trump’s pre-election promises was to fire SEC chair Gary Gensler on day one.
Gary Gensler has announced he will be stepping down from his position as the Chair of the Securities and Exchange Commission (SEC) on January 20.
Announcing the decision via a pre
Social Gaming Platform Monkey Tilt Secures $30M Series a Round Led By Pantera Capital
Quick take:
Launched in March 2024, the platform claims to have already amassed a betting volume of over $200 million.
The company plans to use a large amount of the new funding in advertising and marketing.
The company is also looking to establish a tech team to build out its platform, according to an announcement on Thursday.
Monkey Tilt, an online gaming platform that combines elements of entertainment and gambling to create socialised gaming experiences has raised $30 million in a Series
Launched in March 2024, the platform claims to have already amassed a betting volume of over $200 million.
The company plans to use a large amount of the new funding in advertising and marketing.
The company is also looking to establish a tech team to build out its platform, according to an announcement on Thursday.
Monkey Tilt, an online gaming platform that combines elements of entertainment and gambling to create socialised gaming experiences has raised $30 million in a Series
SEC Chair Gary Gensler Resigns As Trump’s Pro-Crypto Agenda Begins to Manifest
Quick take:
The outgoing SEC chair was appointed by President Joe Biden on April 17, 2021.
Biden withdrew from the November 4, election which Trump won, paving the way for what he promised would be a crypto-friendly administration.
One of Trump’s pre-election promises was to fire SEC chair Gary Gensler on day one.
Gary Gensler has announced he will be stepping down from his position as the Chair of the Securities and Exchange Commission (SEC) on January 20.
Announcing the decision via a pre
The outgoing SEC chair was appointed by President Joe Biden on April 17, 2021.
Biden withdrew from the November 4, election which Trump won, paving the way for what he promised would be a crypto-friendly administration.
One of Trump’s pre-election promises was to fire SEC chair Gary Gensler on day one.
Gary Gensler has announced he will be stepping down from his position as the Chair of the Securities and Exchange Commission (SEC) on January 20.
Announcing the decision via a pre
Aptos Integrates Stripe and Circle’s USDC Into Its Network
Quick take:
As part of the integration, Circle will add Aptos to its cross-chain transfer protocol (CCTP), which helps move the USDC across different blockchains.
Aptos said integrating with CCTP will help it connect better with decentralised finance applications.
Stripe’s integration will boost crypto on-ramp services on Aptos and facilitate money transfers between traditional payment rails and blockchains.
Aptos is expanding its ecosystem with the integration of the USDC stablecoin and Str
As part of the integration, Circle will add Aptos to its cross-chain transfer protocol (CCTP), which helps move the USDC across different blockchains.
Aptos said integrating with CCTP will help it connect better with decentralised finance applications.
Stripe’s integration will boost crypto on-ramp services on Aptos and facilitate money transfers between traditional payment rails and blockchains.
Aptos is expanding its ecosystem with the integration of the USDC stablecoin and Str
Digital Currency Group Launches Yuma to Invest in Decentralised AI Projects
Quick take:
The new subsidiary will be led by DCG founder Barry Silbert, who will be its CEO.
The company will provide startups and projects with the capital, infrastructure, and technical resources needed to explore and build on Bittensor.
Yuma has already helped the likes of Sturdy, Masa, Score, and Infinite Games to launch subnets successfully on Bittensor.
Digital Currency Group, the venture capital firm focused on the digital asset sector has launched Yuma, a new subsidiary that will su
The new subsidiary will be led by DCG founder Barry Silbert, who will be its CEO.
The company will provide startups and projects with the capital, infrastructure, and technical resources needed to explore and build on Bittensor.
Yuma has already helped the likes of Sturdy, Masa, Score, and Infinite Games to launch subnets successfully on Bittensor.
Digital Currency Group, the venture capital firm focused on the digital asset sector has launched Yuma, a new subsidiary that will su
Valantis Secures $7.5M Pre-Seed and Seed Rounds for Modular DEX Protocol
Quick take:
Cyber Fund and Kraken Ventures co-led the pre-seed round, while SevenX Ventures led the seed round.
The pre-seed closed at a valuation of $20 million, while the seed round values the protocol at $40 million.
Other investors in the rounds include Semantic Ventures, Figment Capital and Robot Ventures, with Anthony Sassano and Sandeep Nailwal joining as angel investors.
Valantis, a modular DEX protocol that provides a modular framework for developers to build DEXes using composable
Cyber Fund and Kraken Ventures co-led the pre-seed round, while SevenX Ventures led the seed round.
The pre-seed closed at a valuation of $20 million, while the seed round values the protocol at $40 million.
Other investors in the rounds include Semantic Ventures, Figment Capital and Robot Ventures, with Anthony Sassano and Sandeep Nailwal joining as angel investors.
Valantis, a modular DEX protocol that provides a modular framework for developers to build DEXes using composable
OpenLayer Secures $5M Seed Round for Blockchain-Based AI Data Layer
Quick take:
Three former Robinhood employees Yuchen Jiang, Kevin Lin and Chen Chen teamed up to start building OpenLayer in 2023.
OpenLayer enables users to earn points by contributing and validating data via a Chrome extension.
App developers can then access the data and use it for training AI models and user targeting among other features upon receiving consent from users.
OpenLayer, a Web3 startup founded by former Robinhood employees has raised $5 million in a seed round backed by a16z C
Three former Robinhood employees Yuchen Jiang, Kevin Lin and Chen Chen teamed up to start building OpenLayer in 2023.
OpenLayer enables users to earn points by contributing and validating data via a Chrome extension.
App developers can then access the data and use it for training AI models and user targeting among other features upon receiving consent from users.
OpenLayer, a Web3 startup founded by former Robinhood employees has raised $5 million in a seed round backed by a16z C
DeSyn Protocol Achieves $1B TVL Amid Growth in BTC Yield Pools
DeSyn Protocol, a decentralized asset management and restaking platform, saw its total value locked (TVL) hit the $1 billion mark on Tuesday, November 19, according to DefiLlama data. The aggregate value of DeSyn pools has nearly doubled since the beginning of the month.
In mid-September, we reported that DeSyn had reached a record $220 million. The protocol’s TVL has more than quadrupled within the last two months, with the majority of gains occurring in the last three weeks.
DeSyn has entere
In mid-September, we reported that DeSyn had reached a record $220 million. The protocol’s TVL has more than quadrupled within the last two months, with the majority of gains occurring in the last three weeks.
DeSyn has entere
Sky’s USDS Stablecoin Goes Multi-Chain As It Deploys on Solana
Quick take:
USDS has been exclusive to the Ethereum blockchain since its launch in 2014.
Sky has entered into liquidity incentive agreements with Solana-based DeFi platforms Jupiter, Orca, Kamino, and Drift.
The projects are set to distribute over 300,000 USDS in weekly liquidity incentives.
Sky, formerly Maker has deployed its USDS stablecoin on Solana. Formerly known as DAI, USDS is the third-largest stablecoin by market capitalisation with about $5.37 billion. Teher’s USDT maintains the
USDS has been exclusive to the Ethereum blockchain since its launch in 2014.
Sky has entered into liquidity incentive agreements with Solana-based DeFi platforms Jupiter, Orca, Kamino, and Drift.
The projects are set to distribute over 300,000 USDS in weekly liquidity incentives.
Sky, formerly Maker has deployed its USDS stablecoin on Solana. Formerly known as DAI, USDS is the third-largest stablecoin by market capitalisation with about $5.37 billion. Teher’s USDT maintains the
Euler Revives After V2 Launch, TVL Surges 500% to $77M
Euler, an Ethereum-based lending protocol, is making a comeback after years of dormancy. The total value locked (TVL) of its v2, which was launched in August of this year, surged to a record $77.3 million on November 18, according to data from DefiLlama.
Euler’s TVL was at $14 million at the beginning of the month and less than $8 million on October 1. After gaining over 500% within the past month, the lending protocol has become one of the best-performing dapps on Ethereum and across the decen
Euler’s TVL was at $14 million at the beginning of the month and less than $8 million on October 1. After gaining over 500% within the past month, the lending protocol has become one of the best-performing dapps on Ethereum and across the decen
Goldman Sachs Looking for Partners to Spin Out Digital Assets Platform
Quick take:
The new platform will allow large financial institutions to create, trade and settle financial instruments like bonds and cash on the blockchain.
Goldman Sachs is also looking to facilitate secondaries transactions in privately held digital companies for its clients.
The company has already partnered with the electronic trading platform Trade Markets to enable new use cases in the digital platform.
Goldman Sachs is looking for partners as it plans to spin out its digital asset un
The new platform will allow large financial institutions to create, trade and settle financial instruments like bonds and cash on the blockchain.
Goldman Sachs is also looking to facilitate secondaries transactions in privately held digital companies for its clients.
The company has already partnered with the electronic trading platform Trade Markets to enable new use cases in the digital platform.
Goldman Sachs is looking for partners as it plans to spin out its digital asset un
Will Bitcoin Hit $100,000 Before Trump Is Sworn In? Experts Weigh in
Quick take:
Trump’s huge win last week has significantly contributed to the latest rally.
The crypto community expects Trump to create a more conducive environment for the industry in the U.S.
The U.S. President-Elect has already started appointing crypto-centric individuals to key positions in his administration.
The Bitcoin price spiked to hit a new all-time high on Wednesday, after rallying more than 32% in the days following Trump’s election. That rally has sparked speculation in the cry
Trump’s huge win last week has significantly contributed to the latest rally.
The crypto community expects Trump to create a more conducive environment for the industry in the U.S.
The U.S. President-Elect has already started appointing crypto-centric individuals to key positions in his administration.
The Bitcoin price spiked to hit a new all-time high on Wednesday, after rallying more than 32% in the days following Trump’s election. That rally has sparked speculation in the cry
Wyden Expands Digital Asset Trading Services With CHF 14.5M Series B Led By Truffle Capital
Quick take:
PostFinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, and FiveT Fintech joined the round as new investors with existing investor C3 Venture Capital also participating.
The company is targeting markets where digital asset operations are regulated with the same “rigour” as traditional financial services.
Some of the markets highlighted in the announcement include the EU, Switzerland, Turkey, the UAE, Singapore, Hong Kong and Brazil.
Wyden, a leading provider of institution
PostFinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, and FiveT Fintech joined the round as new investors with existing investor C3 Venture Capital also participating.
The company is targeting markets where digital asset operations are regulated with the same “rigour” as traditional financial services.
Some of the markets highlighted in the announcement include the EU, Switzerland, Turkey, the UAE, Singapore, Hong Kong and Brazil.
Wyden, a leading provider of institution
Doodles and McDonald’s to Launch Collectible Coffee Cups for the Holiday Season
Quick take:
The collaboration blends McDonald’s coffee experience with Doodles’ animated content for this holiday season.
Each hot McCafé beverage will be served in cups featuring custom artwork from Doodles.
Buyers of the McCafé beverages will unlock an exclusive digital pack featuring an assortment of McDonald’s & Doodles items including Doodle avatars and digital wearables.
Doodles and MacDonad’s have partnered to launch the McCafé holiday cups campaign for this festive period. The collab
The collaboration blends McDonald’s coffee experience with Doodles’ animated content for this holiday season.
Each hot McCafé beverage will be served in cups featuring custom artwork from Doodles.
Buyers of the McCafé beverages will unlock an exclusive digital pack featuring an assortment of McDonald’s & Doodles items including Doodle avatars and digital wearables.
Doodles and MacDonad’s have partnered to launch the McCafé holiday cups campaign for this festive period. The collab
Doodles and McDonald’s to Launch Branded Coffee Cups for the Holiday Season
Quick take:
The collaboration blends McDonald’s coffee experience with Doodles’ animated content for this holiday season.
Each hot McCafé beverage will be served in cups featuring custom artwork from Doodles.
Buyers of the McCafé beverages will unlock an exclusive digital pack featuring an assortment of McDonald’s & Doodles items including Doodle avatars and digital wearables.
Doodles and MacDonad’s have partnered to launch the McCafé holiday cups campaign for this festive period. The collab
The collaboration blends McDonald’s coffee experience with Doodles’ animated content for this holiday season.
Each hot McCafé beverage will be served in cups featuring custom artwork from Doodles.
Buyers of the McCafé beverages will unlock an exclusive digital pack featuring an assortment of McDonald’s & Doodles items including Doodle avatars and digital wearables.
Doodles and MacDonad’s have partnered to launch the McCafé holiday cups campaign for this festive period. The collab
BlackRock’s BUIDL Fund Expands Access to Five Blockchain Networks
Quick take:
Launched in March 2024, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) grew rapidly to become the biggest tokenised fund in less than 40 days.
The company said in a press release that users of various blockchains will now be able to interact natively with BUIDL.
Last month, Franklin Templeton also expanded its tokenised money market fund to six blockchains including Aptos and Base.
BlackRock has launched new share classes of the BlackRock USD Institutional Digital
Launched in March 2024, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) grew rapidly to become the biggest tokenised fund in less than 40 days.
The company said in a press release that users of various blockchains will now be able to interact natively with BUIDL.
Last month, Franklin Templeton also expanded its tokenised money market fund to six blockchains including Aptos and Base.
BlackRock has launched new share classes of the BlackRock USD Institutional Digital
KLend’s TVL Jumps 800% to $9.5M As Investors Chase 3,900% APY for BCH
KLend, a decentralized lending protocol, saw its total value locked (TVL) surge by nine times in the past month to a record $9.5 million, according to data from DefiLlama. The application, which has been around since 2021, had about $1 million in TVL in mid-October.
On November 3, the protocol broke its previous record of $2.4 million set in December 2021. It has been one of the best-performing apps in DeFi in the past week, nearly tripling its value.
KLend is a lending protocol forked from Co
On November 3, the protocol broke its previous record of $2.4 million set in December 2021. It has been one of the best-performing apps in DeFi in the past week, nearly tripling its value.
KLend is a lending protocol forked from Co