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“# Chainlink’s total value secured surpasses $75B as DeFi continues to surge ” The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector. With the milestone, Chainlink has become…
“# Data shows Polkadot crashes after reaching $1B open interest — Will it happen again? ” Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger…
“# Finance Redefined: Near’s $800M fund, Miami embraces crypto, Oct. 22–29 ” Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. The DeFi space was full of fundraising this week. Read on to discover where the venture capital firm led by Reddit’s co-founder is making notable investments. What you’re about to read is…
“# Decentralized design platform Moralis raises $13.4M in seed funding from EQT Ventures ” Moralis, a platform that powers decentralized applications, or DApps, announced Thursday that it has received a $13.4-million investment from EQT ventures. The company said that it expects to use this seed capital for product development and corporate expansion. Moralis seeks to provide…
“# Ethereum competitor Near launches $800M developer fund as DeFi competition heats up ” Smart contract ecosystem Near Protocol has earmarked $800 million for new funding initiatives aimed at growing its decentralized finance capabilities, offering the latest evidence that the highly lucrative DeFi market is still in its infancy. The new funding, which includes the…
“# 17% of addresses snapped up 80% of all Ethereum NFTs since April ” Open source blockchain analytics firm Moonstream published a report which found that around 17% of addresses control more than 80% of all NFTs on Ethereum. The report was published on Oct. 21 and the analysis was conducted on more than 7…
“# MDT introduces blockchain oracle to accelerate DeFi adoption ” Measurable Data Token (MDT) has announced the launch of a blockchain-based oracle service, Measurable Finance (MeFi), which has been designed to connect traditional financial data markets to the decentralized finance (DeFi) sector. In its primary showcase of utility, the project constructed a decentralized application (dApp)…
“# The future of the vast oil and gas industry depends on blockchain ” The age of digital transformation has arrived, leading traditional industries to adopt new technologies to accommodate a fully digital future. As such, it shouldn’t come as a surprise that the trillion dollar oil and gas industry has quietly started to leverage…
“# Gelato raises $11M from heavyweight backers for Web 3 automation ” Smart contract automation network Gelato has become the latest to receive big backing from crypto venture capital giants. Gelato has raised $11 million in a Series A funding round led by Dragonfly Capital and with participation from ParaFi Capital, Nascent, IDEO CoLab Ventures,…
“# Compound unanimously passes proposal to repair bug ” Compound Finance announced the passing of Proposal 064 on Thursday, titled the “Fix COMP Accrual Bug.” The proposal states that this update will attempt to “patch the bug introduced in Proposal 62 and pessimistically allow COMP reward withdrawals until the bad COMP accruals can be fixed.”…