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💰 ShibaSwap’s Shibarium Migration Signals DeFi Evolution Decentralized exchange ShibaSwap has completed its transition to the Shibarium blockchain, departing from its original Ethereum foundation. Shibarium operates as an Ethereum layer-2 network, utilizing SHIB tokens for transaction fees. ShibaSwap has historically incorporated canine-themed applications for intricate DeFi functions, which has sometimes perplexed new users. Source https://t.me/DeFi_Ethereum

📣 DeFi DAO introduces permissionless listings with AI enhancement Ooki, a decentralized finance DAO, innovates by combining artificial intelligence and permissionless listings. The decentralized finance (DeFi) space is crowded with thousands of tokens with varying use cases, while coins with new utilities emerge occasionally. While enriching the DeFi ecosystem with diverse investment options, this proliferation of tokens also introduces a significant challenge for users. Source https://t.me/DeFi_Ethereum

📣 AI-powered DeFi platform secures $10M investment with upcoming DAO NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem. The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds, with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits. Source https://t.me/DeFi_Ethereum

💰 Polygon leads in EVM efficiency as DeFi users favor low transaction costs Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from. Source https://t.me/DeFi_Ethereum

📣 Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’ Paystand has acquired spend management software startup Teampay to create what the companies describe as a “no-fee B2B digital payment and spend powerhouse.” The combined company services over 1 million businesses running on a commercial blockchain to more than 1 million participants. It processed more than $10 billion in transactions to date, which it touts is nearly 2% of annual U.S. business-to-business payments. Source https://t.me/DeFi_Ethereum

📣 DeFi Lens builds advanced Generative AI for Technical Analysis DeFi Lens – an innovative AI platform combining generative AI and Web3 trustworthy proofs to equip traders, especially those using technical analysis (TA) strategies, and crypto enthusiasts with better market signals and insights. DeFi Lens transforms how traders or crypto users search for alphas, exchange signals & data, and analyze trading strategies. The project is incubated by Oraichain Labs. Source https://t.me/DeFi_Ethereum

📣 Crypto Custody Firm Fireblocks Now Offers DeFi Threat Detection for Institutions Cryptocurrency custody specialist Fireblocks is helping institutions exploring decentralized finance (DeFi) from interacting with bad actors and falling victim to malicious attacks with new threat detection and smart contract evaluation tools. Fireblocks’ dApp Protection and Transaction Simulation products, which have been in beta testing since December of last year with Galaxy and Flowdesk, are now available to check decentralized applications across over 40 blockchains. Source https://t.me/DeFi_Ethereum

💰 DeFi Protocol Lido investors withdraw $2.5bn in Ether from staking giant as rivals circle In a sign that new rivals are gobbling up Ether, Lido’s share of the multibillion-dollar staking market on Ethereum fell to a two-year low this month as deposits plummeted. Since March 1, investors have withdrawn around 800,000 Ether deposited in Lido, which is worth about $2.5 billion, according to DefiLlama data. In the last 30 days, it has lost more Ether than any other staking service. Lido’s share of the staking market has fallen from about 32% in November to just under 29%. Source https://t.me/DeFi_Ethereum

📣 DeFi whales have millions ‘forgotten’ in bridge contracts: Arkham Several identified crypto addresses have millions of dollars either “stuck” or “forgotten” about in at least two large bridge contracts, according to blockchain intelligence firm Arkham. “There are dozens of accounts with 6-7 figures stuck in bridge contracts, forgotten about,” said Arkham in an April 22 X post., including wallets connected to Ethereum co-founder Vitalik Buterin, crypto exchange Coinbase, and several DeFi whales. Source https://t.me/DeFi_Ethereum

💰 Umoja Integrates Portal DeFi Enabling Trustless Swapping of Lower Risk, Higher Yield Assets on Bitcoin Umoja, the world's first DeFi protocol to structure low-risk, high-yield digital assets, today announced an integration with Portal DeFi, the world's first trust-minimized Layer 2 cross-chain swaps protocol that involves no bridges, custody, or wrapping. The partnership will integrate Bitcoin’s first high yield synthetic dollar, USDb, and the native $UMJA token into the Portal DEX Network, making it one-click, cross-chain tradable with Native BTC, BRC20s, and native assets on various chains. Source https://t.me/DeFi_Ethereum

🪙 L2 volume on Uniswap has officially passed $250B — link https://t.me/DeFi_Ethereum

📣 Saddle Raises $7.5M to Reduce Slippage in DeFi Trading Saddle, an open-source automated market maker (AMM) for trading between pegged value crypto assets, has closed a $7.5 million funding round led by Polychain and Electric Capital with participation from Nascent, Project Galaxy and others. The fundraise follows a $4.3 million raise in January. Founded in 2020, San Francisco-based Saddle is a decentralized AMM on the Ethereum blockchain that’s optimized for tokens that have their value pegged to an underlying asset in some way. Source https://t.me/DeFi_Ethereum

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📊 Navigating the Future of DeFi at Zeebu by the Beach The event extended the professional dialogue of TOKEN2049 into a more relaxed, yet engaging environment. This approach reflected a broader industry trend where the boundaries between formal business exchanges and casual networking are increasingly blurred. “Zeebu by the Beach” capitalized on this by offering an atmosphere that encouraged informal yet fruitful discussions among attendees. Source https://t.me/DeFi_Ethereum

📊 Ethereum aims for $1 billion annual profit as DeFi gains momentum in Q1 Ethereum is on track to reach a $1 billion annual profit, driven by the surge in decentralised finance (DeFi) activities and the network's robust performance in the first quarter of 2024. In a report by Michael Nadeau, an analyst at The DeFi Report, released on April 17, Ethereum's Q1 income reached an impressive $365 million, representing a 155% year-on-year quarterly revenue growth and a remarkable 200% increase compared to the $123 million profit recorded in Q4 2023. Source https://t.me/DeFi_Ethereum

📊 DeFi platform Hedgey Finance hit by $44 million exploit Hedgey Finance, a token infrastructure platform, has suffered two parallel exploits amounting to a total of $44.7 million worth of lost funds. Hedgey suffered an exploit worth over $42.8 million Arbitrum (ARB) tokens on the Arbitrum network, according to an April 19 X post by on-chain security firm Cyvers. The attacker has already deposited part of the funds to the Bybit cryptocurrency exchange. Source https://t.me/DeFi_Ethereum

🪙 Ethereum liquid restaking drove DeFi TVL to $100B in first quarter Decentralized finance total value locked (TVL) almost doubled in the first three months of this year compared to the previous quarter, partially driven by Ethereum liquid restaking initiatives, according to recent research. DeFi total value locked surged from a Q4 2023 low of $36 billion to peak at almost $97 billion in the first quarter of 2024, according to DefiLlama. Since the beginning of the year, it has increased by 81% to a two-year high of $98 billion last week. Source https://t.me/DeFi_Ethereum

📣 DeFi Technologies Subsidiary Valour Inc. Launches the First Short Spot Bitcoin ETP in the Nordics DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance ("DeFi"), is pleased to announce that its subsidiary Valour Inc. ("Valour"), a leading issuer of exchange traded products ("ETPs") that provide simplified access to digital assets, is breaking new ground in the Nordic financial markets with the launch of the region's first Short Spot Bitcoin ETP. Source https://t.me/DeFi_Ethereum

📣 Aptos Strikes DeFi Partnership With Microsoft, Brevan Howard, SK Telecom Aptos Labs, the developers behind the Aptos layer-1 blockchain, said it is collaborating with Microsoft, Brevan Howard and South Korean wireless telecommunications operator SK Telecom to offer institutions a gateway into decentralized finance. The partnership will offer Aptos Ascend, a suite of end-to-end institutional solutions like regulatory requirement help, tools to maintain account and transaction privacy and embedded features for know-your-customer (KYC) checks. Source https://t.me/DeFi_Ethereum

📣 The new Fintopio DeFi Wallet launches in open beta on Telegram and web app Fintopio, a Web3 company creating a wallet that enables digital asset sending and receiving via messaging apps, recently launched the beta version of the Fintopio DeFi Wallet. This launch is Fintopio’s first salvo in its mission of improving and simplifying digital asset transactions. The Fintopio DeFi wallet has been launched via Telegram bot and web app, and the company is working on a mobile application for iOS and Android. Fintopio's DeFi Wallet is built on Telegram, a messaging tool with 900 million monthly active members. Source https://t.me/DeFi_Ethereum

📣 DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG Ventures Usual Labs, the firm behind the decentralized finance (DeFi) protocol Usual, has raised $7 million and received $75 million commitment in total value locked (TVL) for the launch of its stablecoin USD0, the company said in a statement on Wednesday. The French company raised money from more than a hundred firms, including two leading co-investors, IOSG Ventures and Kraken Ventures. Other investors included GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works and X Ventures. Source https://t.me/DeFi_Ethereum

📊 Runes Will Help Bitcoin DeFi ‘Close the Gap’ on Ethereum, Solana: Franklin Templeton The launch of Runes will help Bitcoin “close the gap” with Ethereum and Solana in the fungible digital asset space, investment firm Franklin Templeton Digital Assets said in a new report released Monday. “Currently the fungible token market for Bitcoin is quite small in comparison to ETH and SOL,” the investment firm said. “However, with the launch of a more efficient token standard (Runes), Bitcoin is positioned well to close the gap between its fungible market cap versus that of other blockchains.". Source https://t.me/DeFi_Ethereum

📣 ICP’s Schnorr integration ushers in Bitcoin DeFi era The Internet Computer Protocol (ICP) plans to use advanced threshold cryptography to unlock decentralized finance capabilities and smart contract functionality on Bitcoin’s base layer. Speaking to Cointelegraph during Paris Blockchain Week, Dfinity senior research scientist Aisling Connolly outlined how ICP’s integration of threshold-Schnorr signatures will enable the protocol’s smart contracts to obtain addresses and authorize transactions directly to the Bitcoin blockchain. Source https://t.me/DeFi_Ethereum

📣 An atomic swap protocol aims to bring DeFi on Bitcoin without wrapped tokens AtomiqDeFi, powered by Mintlayer’s innovative atomic swap technology, aims to enhance interoperability, eliminate reliance on custodians and unlock new possibilities for decentralized finance on Bitcoin. Creating a decentralized finance (DeFi) ecosystem on Bitcoin had never gained mainstream blockchain adoption before the Taproot upgrade, which has opened the door to smart contracts —self-executing codes that eliminate intermediaries— on Bitcoin’s layer 1 blockchain. Source https://t.me/DeFi_Ethereum

🚨 DeFi-Focused Berachain Raises $100M in Funding Round Led by Brevan Howard Digital Decentralized finance (DeFi) -focused Layer 1 blockchain platform ​​Berachain, announced it has secured $100 million in a funding round led by Brevan Howard Digital and Framework Ventures. In an announcement made using the social media platform X, the firm said additional funding came from Polychain Capital, Samsung Next, Hack VC, Animoca Brands, and Hashkey Capital, as well as Polygon co-founder Sandeep Nailwal and more. Source https://t.me/DeFi_Ethereum

🆘 Crypto sleuth warns of scammers behind DeFi protocol Pseudonymous blockchain investigator ZachXBT issued a warning about a group of scammers attempting to entrap more victims in a new fraud using millions of stolen funds. In a thread on X, ZachXBT disclosed the findings of an investigation over Leaper Finance, a lending protocol based on Blast. According to the analysis, the group is behind several rug pulls, including those that hit users of Magnate ($6.5 million), Kokomo ($4 million), Solfire ($4.8 million), and Lendora. Source https://t.me/DeFi_Ethereum

📣 Ripple CTO 'Very Excited' About New XRPL Lending Protocol Proposal for DeFi Expansion David Schwartz, the CTO at Ripple, has published a comment on the recent proposal of a native lending protocol to be launched on XRPL. His comment is all the more interesting since Schwartz was one of those software engineers who built this ledger.Schwartz tweeted to approve the above-mentioned proposal made by developers Aanchal Malhotra (also the head of research at RippleX) and Vito Tumas, submitting it for review and feedback. The Ripple CTO said that if this proposal is passed, it will add new utility to XRP Ledger. Source https://t.me/DeFi_Ethereum

📊 MarginFi outflows $190M as CEO rage quits amid token controversy Nearly $200 million of user funds have exited Solana-based lending protocol MarginFi over the last two days amid an abrupt resignation of the platform’s CEO and followed by accusations of wrongdoing from its competitors. On April 10, the now-former CEO of MarginFi, Edgar Pavlovsky, suddenly announced he had resigned from MarginFi, citing disputes that had arisen from both within his firm and from outside of it. Source https://t.me/DeFi_Ethereum

📣 Ether.Fi Strikes $500M Restaking Deal with Redstone Oracles, Bolstering DeFi Ecosystem Ether.Fi, the largest liquid restaking protocol on EigenLayer, has agreed to a whopping $500 million restaking deal with Redstone Oracles. With this deal, Ether.Fi will power RedStone’s oracle protocol which it uses to transfer information both on and off chain. Redstone Oracles is a prime example of an “Actively Validated Service” (AVS) network. Like many other AVS networks, Redstone has been looking to tap into EigenLayer amid the buzz of its new “restaking” protocol. Source https://t.me/DeFi_Ethereum

🪙 Binance Labs shifts investment focus to Bitcoin DeFi Binance Labs, the venture capital (VC) arm of the world’s largest cryptocurrency exchange, has announced an investment in Bitcoin-native restaking protocol BounceBit. BounceBit merges centralized finance (CeFi) and decentralized finance (DeFi) features in an effort to create more utility for Bitcoin , wrote Yi He, co-founder of Binance and head of Binance Labs, in an April 11 announcement. BounceBit is among a new wave of protocols aiming to bring DeFi capabilities to Bitcoin in a new technological paradigm known as Bitcoin DeFi (BTCFi). Source https://t.me/DeFi_Ethereum