Tag: finance news

Coinbase's Base Experiences Capital Flight After Leading Inflows

Coinbase's Base Experiences Capital Flight After Leading Inflows

Base, Coinbase’s Layer 2 scaling solution, has recently experienced a reversal in capital flows on a dramatic scale. It dramatically reversed from leading cross-chain bridge inflows to becoming the year’s biggest loser. Conversely, this announcement comes during weeks of significant ETH outflow from the platform.By early 2024 Base had taken...

Aave's Onchain Value Surges to $40 Billion, Marking a New Milestone

Aave's Onchain Value Surges to $40 Billion, Marking a New Milestone

Aave, the decentralized finance (DeFi) lending platform, hit a new milestone! It has now notched an impressive $40 billion total value locked onchain. That’s a historic jump, up an astounding 60% from just last month. It pretty much plants Aave’s flag even more strongly into the DeFi landscape. The increase...

Further Reading

CBEX Crypto Scheme Unravels, Investors Defrauded as Funds Laundering is Exposed

CBEX Crypto Scheme Unravels, Investors Defrauded as Funds Laundering is Exposed

Then in April 2025, CBEX, another fictitious cryptocurrency investment platform went bust. This failure, in turn, left thousands of investors defrauded, with particular burden on African investors including many Nigerians. The platform misleadingly announced that it had only suspended withdrawals temporarily while an audit by a British firm, to be...

Lightec's zkBTC Bridge Ushers in New Era for Bitcoin-Ethereum Transfers

Lightec's zkBTC Bridge Ushers in New Era for Bitcoin-Ethereum Transfers

More recently, Lightec released the zkBTC Bridge to the Ethereum mainnet, a major step forward in cross-chain decentralized finance (DeFi). This cutting-edge bridge makes it easy to transfer Bitcoin into Ethereum’s flourishing ecosystem, using zero-knowledge proof technology to remove the need for centralized third parties. Lightec has made progress on...

Navigating the Crypto Landscape A Practical Guide to Spending Digital Assets in Daily Life

Navigating the Crypto Landscape A Practical Guide to Spending Digital Assets in Daily Life

The natural maturation of cryptocurrency markets has resulted in a flourishing of direct, easy-to-use options for spending your crypto assets. Bitcoin machines are surfacing in countries across the world. At the same time, crypto debit cards are making it easier than ever to use digital currencies for everyday transactions. These...

Ethereum and Solana Lead Blockchain Innovation Amid Rising Institutional Demand

Ethereum and Solana Lead Blockchain Innovation Amid Rising Institutional Demand

Ethereum (ETH) and Solana (SOL) are at the forefront of Ethereum innovation. Their recent upgrades have gone a long way to strengthen their capabilities in decentralized applications (dApps). Meanwhile, Solana is enjoying a counterrevolution fueled by regular network upgrades that make its historically touted performance all the more superior. Ethereum...

Bitlayer Launches Trust-Minimized Bitcoin Bridge on Mainnet

Bitlayer Launches Trust-Minimized Bitcoin Bridge on Mainnet

Now, Bitlayer, a DeFi startup backed by investment titan Franklin Templeton, has launched its new smart contract bridge into full production. This inventive bridge, named BitVM, is now live on the Bitcoin mainnet. The launch increases Bitcoin’s versatility and interoperability across various blockchain ecosystems. Interoperability is the ability to link...

Crypto Market Update Ethereum Holds Strong, SUI Surges, and BlockDAG Presale Hits $340 Million

Crypto Market Update Ethereum Holds Strong, SUI Surges, and BlockDAG Presale Hits $340 Million

Ethereum continues to stay strong above $2,970, showcasing solidity in the crypto space. Second, SUI has exploded spectacularly as a recent hot trend. Meanwhile, BlockDAG is stealing the show with its highly successful presale and innovative community-building tactics.SUI is one of the hot new names, surging by almost 20% since...

Binance Lists Chainbase Velvet Futures Amidst Market Speculation

Binance Lists Chainbase Velvet Futures Amidst Market Speculation

Additionally, Binance, the world’s largest crypto exchange by trading volume, has launched futures trading pairs for Chainbase Velvet (CBV). The launch, which quietly rolled out on Monday, has already made waves through the market. The Chainbase Velvet, the most volatile and speculative of these, demonstrated a very bullish price action...

Binance Backs THORChain Upgrade to Boost DeFi Interoperability

Binance Backs THORChain Upgrade to Boost DeFi Interoperability

Binance is set to support the upcoming network upgrade and hard fork of THORChain (RUNE), scheduled for July 17, 2025, at 01:00 (UTC+8). The upgrade occurs at block height 21,984,000. Its intention is to catalyze greater cross-chain interoperability, optimize transaction efficiency, and create a more representative decentralized governance framework. This...