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” Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash “ The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). Outflows from centralized exchanges often spike when the markets are…
” USDC investor shells out $2M to receive $0.05 USDT trying to evade crash “ Soon after Circle revealed that Silicon Valley Bank did not transfer $3.3 billion of its USD Coin (USDC) reserves, the market responded with a massive sell-off — depegging the stablecoin from the US dollar. However, not all investors were lucky…
” Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko “ Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% from 2021, while investments into centralized finance projects went the other way — falling 73% to $4.3 billion over the same timeframe. The staggering rise in…
” Uniswap wants to launch mobile wallet but Apple won’t green-light it’s launch “ Uniswap Labs has announced plans to release a new self-custodial mobile wallet that will offer users the ability to swap on L1 or L2 networks without having to switch networks. According to Uniswap Labs, the wallet will allow users to check…
” Web3 community unites for Turkish–Syrian earthquake victims: Finance Redefined “ Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. In the aftermath of a deadly 7.8-magnitude earthquake in southeastern Turkey, the Web3 community has come together to…
” ConsenSys adds 7.03M votes to Uniswap BNB Chain migration proposal amid VC battle “ Web3 infrastructure developer ConsenSys, the maker of the popular MetaMask digital wallet, has cast 7.03 million votes in favor of a proposal that would see decentralized exchange Uniswap’s v3 protocol deployed on BNB Chain, according to data from Tally. The…
” Community votes to deploy Uniswap v3 on Boba Network “ Members of the Uniswap community voted in favor of deploying Uniswap v3 on Boba Network’s layer-2 protocol on Ethereum. Gaining over 51 million votes, the proposal submitted by Boba Foundation and FranklinDAO to deploy Uniswap v3 in Boba Network passed. This means that the…
” a16z votes against proposal to deploy Uniswap V3 on BNB Chain “ Venture capital firm Andreessen Horowitz (a16z) voted against a final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge, shows the Uniswap DAO forum. The governance proposal to deploy the latest Uniswap iteration on the BNB Chain was…
” Uniswap holders ditch Ethereum for BNB PoS Chain to deploy V3 protocol “ Holders of Uniswap (UNI) have decided to deploy the third version of the decentralized exchange (DEX) protocol on BNB Chain, a rival of the Ethereum network. In a proposal posted on Jan. 17, Ilia Maksimenka, the CEO of the decentralized finance…