Tag: protocol

Loopscale Lending Protocol on Solana Halted After $5.8 Million Exploit

Loopscale Lending Protocol on Solana Halted After $5.8 Million Exploit

Loopscale, a decentralized finance (DeFi) lending protocol on Solana, temporarily halted its lending markets after suffering an approximately $5.8 million exploit. The protocol went live on April 10 following a six-month closed beta. It’s now leveraged by lending markets for tokens like JitoSOL and BONK. With about $40 million in...

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SEC Rethinks Crypto Strategy, Withdraws DeFi and Custody Rules

SEC Rethinks Crypto Strategy, Withdraws DeFi and Custody Rules

The U.S. Securities and Exchange Commission (SEC) has formally rescinded a number of widely-criticized rules. These rules were originally proposed under former Chair Gary Gensler. Should that happen, this would be a highly consequential decision that would reflect the agency’s considerable pivot toward aggressively regulating digital assets. The decision represents...

DeFi Development Secures $5 Billion Credit Line, Accelerates Solana Accumulation

DeFi Development Secures $5 Billion Credit Line, Accelerates Solana Accumulation

Decentralized Finance Development, formerly known as Janover, hit a big milestone. They got a $5 billion equity line of credit (ELOC) from RK Capital Management. The firm intends to deploy these proceeds to increase its strategy to earn Solana (SOL) digital assets. This action will further ignite growth in SOL...

DeFi Sector Surges Amidst SEC's Positive Signals and ETF Inflows

DeFi Sector Surges Amidst SEC's Positive Signals and ETF Inflows

The decentralized finance (DeFi) space is exploding. Positive signals from the Securities and Exchange Commission (SEC) and large inflows into Ethereum ETFs are stoking this momentum. The overall market capitalization of the DeFi sector has increased by 10% to $150 billion. In addition, it’s a sign of increasing investor confidence...

SEC Embraces DeFi with "Innovation Exemption," Igniting Hope Among U.S. Developers

SEC Embraces DeFi with "Innovation Exemption," Igniting Hope Among U.S. Developers

In short, the U.S. Securities and Exchange Commission (SEC) appears to be laying the groundwork for a new, more contentious approach to decentralized finance (DeFi). On June 9th, the agency held the bizarrely named roundtable “DeFi and the American Spirit.” SEC Chairman Paul Atkins just yesterday offered up the thrilling,...

SEC Chair Advocates "Innovation Exemption" for DeFi Platforms

SEC Chair Advocates "Innovation Exemption" for DeFi Platforms

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has been pushing the Commission to adopt these new rules. In particular, he seeks to exclude decentralized finance (DeFi) platforms from certain regulatory impediments. Atkins has directed SEC staff to look into creating some sort of “innovation exemption.” It would allow...

Vaultro's $VLT Presale Gains Momentum as XRP Surges Past $2.50

Vaultro's $VLT Presale Gains Momentum as XRP Surges Past $2.50

Vaultro Finance’s $VLT token presale is taking the XRP Ledger (XRPL) ecosystem by storm. In fact, it’s accomplished 10% of its softcap already just days after its public debut! This milestone coincides with XRP's significant price surge, officially crossing the $2.50 mark and injecting bullish sentiment into the market. Vaultro...

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...

Solana Presale Nears Completion Amidst Market Recovery

Solana Presale Nears Completion Amidst Market Recovery

Now Solana, one of the top blockchain platforms, is nearing the close of its $56 million presale. On the whole, it has already sold successfully 91.60% of its tokens! This milestone is a positive sign of investor confidence in Solana’s long-term recovery from the technical challenges it experienced throughout 2023....