Tim Craig
DeFi Correspondent at DL News
DeFi reporter for @dlnewsinfo of @defillama. DMs open 24/7. Be the change you want to see in the world.
Articles
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1 week ago |
dlnews.com | Tim Craig
The Base blockchain faces criticism after promoting a token. Coinbase says Base didn't create the token. Coinbase has distanced itself from a viral memecoin promoted by its affiliated Base blockchain on Wednesday after harsh criticism. The token, which soared to a $17 million market value shortly after it launched, was created on Zora, a platform where users can turn social media posts into tradable tokens.
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1 week ago |
dlnews.com | Tim Craig
The wallet tied to Trump’s memocoin has withdrawn liquidity for the first time. The team behind the Melania memecoin already seems to be cashing out. A wallet tied to US President Donald Trump’s memecoin withdrew $4.6 million from Solana decentralised exchange Meteora on Tuesday, sending the funds to crypto exchange Coinbase. The funds, denominated in USDC, were previously used to provide trading liquidity between the Trump token and the Circle stablecoin.
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1 week ago |
dlnews.com | Tim Craig
Tether adds a crypto payments app to its investments. It's the stablecoin issuer's third major investment so far this year. Tether added crypto payments app Fizen to its growing investment portfolio on Tuesday, which includes football clubs, farms, and even a company developing computer-brain interfaces.
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1 week ago |
dlnews.com | Tim Craig
Mantra’s 89% nosedive is the latest challenge for the project. DAO members have previously been accused of misappropriating funds. Blockchain project Mantra has denied responsibility after its OM token nosedived 89% on Sunday. The sudden move, which shed some $5 billion from OM’s market value, left investors scrambling for answers. Many were quick to accuse the project itself of foul play.
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1 week ago |
dlnews.com | Tim Craig
Two blockchain researchers propose a new restaking system. They say it's more efficient and secure than existing methods. Blockchain researchers have published a paper on a new restaking system that they say is more efficient and secure than current methods. Called Elastic Restaking, the new approach lets blockchains squeeze more efficiency out of restaked assets while also improving on security.
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RT @DLNewsInfo: Researchers propose new restaking method to supercharge $15bn sector https://t.co/fUIT7Sz9jD
👽 Someone took a big loss on an alien Punk last night, $16m to $6m in just over a year. Aliens Punks sell so infrequently — will other aliens get priced down because of the sale? The worst thing? The seller was offered almost double what they just sold it for a month ago... https://t.co/jsBPRvSKQ0
Trader takes $10m loss on rare CryptoPunk as NFT rout worsens https://t.co/tmmE8Atatc
👻 It's official: @aavegotchi is leaving Polygon for Coinbase's @base after a DAO vote. Polygon told @DLNewsInfo Base incentivised the move with a grant of up to $1 million, according to a source familiar with the matter. Read the full story here: https://t.co/WAnWfrWHgk
