Category: DeFi Digest
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Cardano News: Charles Hoskinson Unveils Cardinal for Bitcoin DeFi News ETHNews
Cardano launches Cardinal, a DeFi protocol for Bitcoin users, enabling lending, staking, and borrowing via wrapped Bitcoin UTXOs and MuSig2 for enhanced security and decentralization.
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World Liberty Financial taps Aave for $7.5 million USDT loan – Onchain Lens
World Liberty Financial, linked to Donald Trump, secured a $7.5 million USDT loan via Aave, using $52M in crypto as collateral. The funds may support their USD1 stablecoin amid growing DeFi adoption.
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Sui DeFi Exchange Cetus Back in Action After $233 Million Exploit – Decrypt
Cetus Protocol, Sui’s leading DEX, resumes operations after a $233 million exploit. Funds were recovered via a Sui Foundation loan and reserves. Affected users will receive CETUS tokens as compensation.
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Plasma Attracts $500 Million for ICO—And One Trader Spent $100K on Ethereum Gas Fees – Decrypt
Plasma’s ICO attracted $500M in deposits, with one trader spending $100K on Ethereum gas fees for a $10M USDC deposit. The Bitcoin-backed stablecoin network’s token sale shows renewed ICO interest.
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Trump-Musk Feud: Markets Bet $4M Volume
Crypto prediction markets are tracking the Trump-Musk feud, with over $600K wagered on outcomes like impeachment, reconciliation, and Musk unfollowing Trump on X.
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Stablecoins Shatter $250B Barrier in Historic Crypto Milestone – Crypto News Bitcoin News
The stablecoin market has surpassed $250 billion, marking a historic milestone in cryptocurrency. Over $2.5 billion was added in just one week, highlighting rapid growth in fiat-pegged digital tokens.
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Restaking Bitcoin: Unlocking Productive Capital Without Compromise (Interview With SatLayer’s CEO)
The article discusses Bitcoin restaking, an emerging DeFi concept that unlocks Bitcoin’s economic potential without compromising its base-layer integrity, featuring insights from SatLayer’s CEO Luke Xie.
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Sui DEX Cetus Restarts from $220 Million Exploit, Hits Top Ten DEX in Hours – Coinspeaker
Sui DEX Cetus relaunches after a $220 million exploit, using reserves, loans, and recovered funds to restore liquidity. It compensates users with 15% of CETUS tokens and returns to top-ten DEX status.
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Sui DEX restarts, plots open-source move after massive exploit
Cetus Protocol, a Sui DEX, relaunches after a $220M exploit, plans open-source transition, and implements compensation. Funds were partially recovered, and legal action against the attacker continues.
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Sui DEX restarts, plots open-source move after massive exploit
Cetus Protocol, a Sui DEX, relaunches after a $220M exploit, replenishing pools with recovered funds, reserves, and a $30M loan, and plans to go open-source.