# DeFi protocol Acala raises 0M in crowdloans during first Polkadot parachain auction

# DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction

“# DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction ” Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot. Unlike typical crowdfunding rounds, Acala’s…

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# Huobi Group is moving to Gibraltar following China crackdown

# Huobi Group is moving to Gibraltar following China crackdown

“# Huobi Group is moving to Gibraltar following China crackdown ” Huobi Group, a Bitcoin (BTC) technology firm established in 2013, is relocating its spot-trading business to Gibraltar as a precautionary measure following China’s cryptocurrency clampdown. According to a report by Bloomberg, the Gibraltar Financial Services Commission has authorized Huobi to begin moving its spot-trading…

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# Dutch multinational ING considers entering DeFi lending industry

# Dutch multinational ING considers entering DeFi lending industry

“# Dutch multinational ING considers entering DeFi lending industry ” In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi, peer-to-peer lending protocol with the Netherlands Authority for the Financial Markets. Vreugdenhil said the following…

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# Crypto markets tag T combined market cap for first time

# Crypto markets tag $3T combined market cap for first time

“# Crypto markets tag $3T combined market cap for first time ” With Bitcoin trading within 2% of its all-time high while Ethereum, Solana, and Polkadot push into previously uncharted price ranges, CoinGecko estimates that the combined cryptocurrency market cap has broken above $3 trillion for the first time. According to CoinGecko, the total crypto…

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