DeFI News by Thebittimes.Com

In this episode, we discuss parallel execution technology and the development of Movement Chain with its co-founder, Rushi. With an engineering background and extensive experience in both crypto and traditional Web2 sectors, Rushi shares the latest updates and future plans for Movement Chain. By adopting the Move language and parallel execution technology, Movement Chain brings enhanced security and throughput to the Ethereum ecosystem. The team is dedicated to promoting the adoption and growth of Movement Chain through transparent incentive programs and broad community engagement. Risk warning: The content reflects the interviewee’s personal views and does not represent WuBlockchain’s stance. The content is not financial advice. Readers should comply with local laws and regulations. Audio-to-text conversion uses GPT, and there may be errors. Please listen to Youtube for the full podcast： Introduction to Rushi and Movement Chain I am one of the co-founders of Movement Labs and a core c...

In this episode, we talked with Brandon Kumar, co -founder of Layer3, to discuss the innovative ways Layer3 connects users with blockchain protocols. Brandon delves into the origins, operations, and future prospects of Layer3, highlighting its unique approach to user engagement and token distribution within the Web3 ecosystem. Layer 3 recently raised $15 million from ParaFi, Greenfield Capital, and Electric Capital, totaling $21.2 million in funding. The audio transcription was done using GPT, and there might be errors. Please listen to the complete podcast: YouTube Brief Intro to Brandon & Layer3 My name is Brandon Kumar. I’m one of the co found ers at Layer3. A quick overview of my background: I began my career in the investment sector. So I worked at a firm called Accolade Partners, which is a large alternative asset manager. They’re actually one of the largest investors in venture capital broadly. So the firm is about, you know, at this point, 24 years old and had invested in ...

1. Mt. Gox Trustee Repays BTC and BCH to Some Creditors link Mt. Gox has announced that on July 5, 2024, the bankruptcy trustee has commenced repayment of Bitcoin and Bitcoin Cash to some creditors through designated cryptocurrency exchanges, in accordance with the rehabilitation plan. The repayment to other creditors will proceed swiftly once the following conditions are met: validation of registered accounts and other details; the designated cryptocurrency exchange’s agreement to accept the proxy receipt agreement; completion of discussions regarding repayment between the trustee and the exchange; and confirmation that the repayment can be conducted securely. We ask eligible creditors to wait a little longer. According to Arkham monitoring, the Mt. Gox wallet transferred 47.229k BTC, approximately $2.71 billion, on July 5. 2. U.S. Reports Continuing Jobless Claims at 1.858 Million for Week Ending June 22 link The United States reported that for the week ending June 22, the number of ...

1. Chinese Yuan — priced Bitcoin Hits Historic High link On February 28th, BTC surged by 5.25%, surpassing $60,000, reaching a historic high when priced in Chinese yuan. As of the time of reporting, Bitcoin is quoted at $61,500, equivalent to approximately 442,800 yuan. Bitcoin saw a nearly 45% increase in February, marking its sixth consecutive month of gains and its best monthly performance since December 2020. Ethereum rose by over 47%, also marking its sixth consecutive month of gains and its best month since July 2022. According to CoinGlass data, Bitcoin has been profitable 10 times out of 12 Februaries over the past 12 years, with an average return rate of 15.7% for the month. Ethereum has seen gains in 7 out of the past 8 Februarys, with an average increase of 17.2% for the month. 2. MicroStrategy Makes Another Purchase of 3000 Bitcoins link Michael Saylor, the founder of MicroStrategy, announced that the company purchased 3,000 bitcoins between February 15th and 25th at an ave...

1. Ondo Finance launched a tokenized fund that allows stablecoin holders to invest in bonds and US Treasuries link Investors will receive tokenized fund interests, which are transferable on-chain, including through approved smart contracts. Ondo wants to create a compliant on-chain financial ecosystem supporting both permissioned and permissionless assets. 2. Cloud computing platform Amazon Web Services (AWS) to partner with Ava Labs link Ava Labs and Amazon Web Services (AWS) have joined forces to accelerate enterprise, institutional, and government adoption of blockchain. Ava Labs plans to add Subnet deployment as a managed service to the AWS Marketplace. The AWS-Avalanche cooperation makes it easier for more people to launch and manage nodes on Avalanche. 3. Solana’s weekly summary a. Mainnet beta Explorer and Solana Foundation Public RPC endpoints are currently offline as RPC node software is upgraded link Mainnet beta Explorer and Solana Foundation Public RPC endpoints are cu...

With CoinDesk’s disclosure of Alameda’s financial data, which had nothing to do with Binance, but Binance’s attacks never stopped. Binance co-founder He Yi said to the event: “Binance does not give unsecured loans, does not participate in trading, does not blindly buy companies, does not blindly spend money on sponsorship, 20% of FTX equity has been sold, a clear conscience and keep building.” The first sentence, in particular, implies that FTX made large unsecured loans to Alameda. On November 6, someone said Binance wallet 0xd9… d7d7 transfers 23 million FTT’s (worth about $580 million) to FTX address 0x04… 8379 for sale. According to Wu’s further on-chain checks, address 0xd9…d7d7 may be the address where Binance invested in FTT to receive the linear unlock, while address 0x04…8379 is also attributed to Binance as a transit for transferring FTT to Binance’s official wallet. Perhaps because all FTT shares have already been unlocked, Binance is transferring all FTT into the official w...