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DeFi growth - Sei Sui Aptos
VC Chains like Sei, Sui, and Aptos are leading DeFi’s TVL growth. Despite market trends, these ecosystems are attracting significant liquidity. Their success highlights the impact of venture capital in blockchain innovation. Introduction to VC Chains and DeFi’s Evolution In the ever-evolving landscape of decentralized finance (DeFi), 2024 has marked a significant shift towards what’s colloquially known as ‘VC Chains’—blockchain ec…
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Cryptocurrencies were notably absent from the Trump-Harris presidential debate. Topics like abortion, immigration, inflation, and Ukraine dominated the discussion. Bitcoin’s price fell below $57,000 following the debate. Kamala Harris seemed to gain favor among crypto enthusiasts post-debate. The Crypto Silence in the Presidential Debate During the first presidential debate of 2024 between Donald Trump and Kamala Harris, crypto…
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Bitcoin ETFs
Bitcoin ETFs have indeed broken an 8-day streak of outflows by recording net inflows of approximately $28 million. This shift comes after a period where these ETFs experienced significant outflows, totaling around $1.2 billion, marking a notable turnaround in investor behavior towards Bitcoin ETFs. Here’s a brief overview based on the information available up to September 10, 2024: Recent Performance: After a prolonged period of outflows, w…
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Matic to Pol
Automatic Transition: MATIC holders on Polygon PoS experience seamless conversion to POL. Enhanced Utility: POL introduces new functionalities in staking, governance, and ecosystem financing. No Deadline for Conversion: Users on Ethereum and other networks have flexibility in migrating to POL. The Dawn of POL: Polygon’s Strategic Token Upgrade Polygon has officially initiated the migration from its well-known MATIC token to the ne…
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The WazirX Hack: A Trail of ETH Leads to Tornado Cash In July 2024, WazirX, one of India’s leading cryptocurrency exchanges, fell victim to a cyberattack resulting in the theft of over $230 million, primarily in Ethereum (ETH) and Shiba Inu (SHIB). On September 3, 2024, the hacker behind this monumental heist moved approximately $6.5 million worth of ETH through Tornado Cash, a mixer notorious for anonymizing cryptocurrency transactions…
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