Avalanche
Bitcoin Long Liquidations Hit Highest Level Since August: Data; Interest in Bridging Bitcoin to Avalanche Swells
The crypto futures market took a hit with exchanges liquidating longs or bullish bitcoin futures worth over $62 million during Asian trading hours on Friday. That's the highest amount since August, according to Glassnode data. Separately, over 2,000 BTC ($44 million) was ported to Avalanche, the largest single-day BTC.b mint on record, according to data sourced from pseudonymous analyst 0xAcid's dashboard on Dune Analytics.
Bitcoin-Bridged to Avalanche Reaches Record Daily Mint of Over 2K BTC
Half of the BTC.b minted on Thursday have been moved to BENQI Finance, an Avalanche-based decentralized finance protocol.
BridgeTower Capital to On-Ramp Lido, Offers Security Token for Avalanche’s Staking Rewards
The announcements highlight BridgeTower's emphasis on regulatory compliance.
DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for last week's attack.
La blockchain Avalanche registró un crecimiento transaccional de 1500% en 2022
Tal actividad transaccional se produjo incluso cuando el valor total de tokens bloqueados en las aplicaciones de finanzas descentralizadas basadas en Avalanche cayó desde su máximo de 2021, de US$15.000 millones, a un valor ligeramente por encima de US$900 millones en noviembre de 2022.
How Solvency Check Error Led to USP Depegging on Avalanche-Based Platypus Finance
Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack.
USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.
Avalanche Blockchain Had 1,500% Transactional Growth in 2022: Nansen
Such transactional activity came even as the total value of tokens locked on Avalanche-based decentralized finance applications slid from 2021’s $15 billion peak to just over $900 million in November 2022.
Over $2M In Crypto Donations Raised for Turkey after Earthquake
Turkish singer Haluk Levent’s charity Ahbap is leading the response with roughly $2 million in crypto donations raised on the Avalanche, BSC and Ethereum blockchains in less than a day. Local exchange Paribu is also fundraising for two nonprofits assisting in the response. CoinDesk Türkiye Editor-in-Chief Serdar Turan joins the conversation.
Crypto Market’s Post-Fed Rally Continues as DeFi, Smart Contract Platform Sectors Star
Uniswap's UNI token and Avalanche's AVAX token were recently up about 4.5% and 3.4%; ether rose 3% at one point Thursday a day after unexpectedly moderate comments from Fed Chair Jerome Powell.
