DeFi

DeFi

Markets

ApeCoin's APE Could See Selling Pressure Ahead of Major Token Unlock

More than 25 million APE tokens will be released to launch contributors, representing nearly 8% of the circulating supply.

ApeCoin’s APE tokens slid early Friday ahead of a token unlock over the weekend. (Bored Ape Yacht Club, modified by CoinDesk)

Markets

Ether, Ethereum Classic See Mini Price Swing After Successful Ethereum Merge

Futures tracking the two tokens racked up nearly $80 million in liquidations since the Merge took place earlier this morning.

Volatilidad. (Matt Hardy, Unsplash)

Markets

Emerging Markets Lead Global Crypto Adoption in Bear Market, Chainalysis Says

The blockchain analytics firm's 2022 Global Crypto Adoption Index also shows China remains active despite a ban on crypto trading.

Datos de Chainalysis muestran que los mercados emergentes están liderando la adopción de criptomonedas en el mercado bajista. (Matthias Kulka/Getty)

Finance

Russian Millionaire’s Startup Plans Ruble Stablecoin Following DAI Model

The firm founded by Russian ex-banker Alexander Lebedev plans to introduce the coin on the Ethereum blockchain.

Alexander Lebedev in his Moscow office

Finance

Crypto Options Trading Startup Synquote Raises $2.8M From Initialized, Polygon

The company will look to expand its platform for trading derivatives contracts in tokens that don’t usually have such markets.

Traders have never seen anything like the cryptocurrency options trading happening these days in decentralized finance. (Thomas Shotter Boys, 1842/Art Institute of Chicago, modified by CoinDesk)

Markets

Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence

The development is part of a move away from centralized crypto products such as stablecoins.

Venture capital firm Variant commits $450 million to its third crypto-focused fund. (Horst Schwalm/Pixabay)

Learn

Aave: Understanding the Crypto Lending Platform

Aave connects crypto borrowers and lenders directly, removing the need for a middleman.

(MidJourney/CoinDesk)

Opinion

There’s No Future for DeFi Without Regulation

America’s first experiment with DeFi didn’t end well and the second one is going badly, too. Can we learn the lessons of history to make the third try a success?

CoinDesk placeholder image

Tech

Cream Finance Exploiter Converts $1.75M in Stolen Funds to Bitcoin

The decentralized finance application has been exploited three times since it went live in 2020.

(Marstourist/Pixabay)

Policy

Near Protocol Forms Working Group to Promote DeFi Governance

The Near Digital Collective is a self-governance initiative aimed at further decentralizing the Near ecosystem’s decision-making by moving it to a blockchain.

Illia Polosukhin, Co-Founder, NEAR Protocol (Stephen Lovekin/Shutterstock/CoinDesk)