DeFi, ICO and Invest News

Breaking: 🪙 Uniswap Labs Urges SEC to Rethink DeFi Rule Expansion Uniswap Labs has formally petitioned the U. S. Securities and Exchange Commission (SEC) to revisit the proposed rule changes it has made to the Securities Exchange Act of 1934 with the aim of broadening the definition of an “exchange”. Uniswap claims the proposed changes would trespass the SEC authority over the DeFi platforms and are likely to be voided by the Supreme Court based on the recent decision. Source @DeFi_ICO_Invest

📣 DeFi Data Firm API3 Launches OEV Network for DeFi Projects EthCC 7 API3, a service that provides DeFi data feeds to blockchain-based smart contracts, has launched the oracle extractable value (OEV) network. In an announcement made at EthCC 7, hosted in Brussels, the capital of Belgium, API3 said the OEV Network is a first-of-its-kind onchain solution that can recapture OEV. This refers to oracles making use of their position to capture value that would otherwise have gone to third parties. Source @DeFi_ICO_Invest

📊 Cryptocurrency is growing. Bitcoin has gained 4% over the past 24 hours, Ethereum has gained 6%, and altcoins from the top 100 have grown more significantly. 📈 Growth leaders: BONK +24%, TIA +20%, SEI +17%, PEPE +15%, ENA +13%. There are no falling assets. Fear and greed index 27. 🤝 @Cryptocurrency_Inside ✅

📣 Taiko Launches DeFi Challenge in Trailblazers Campaign Taiko, a prominent player in the blockchain space, has announced the fourth installment of its Trailblazers campaign, dubbed the Trail 4 challenge. This initiative, set to run from July 8th to July 21st, 2024, invites participants to delve into decentralized finance (DeFi) by engaging with various partner protocols, according to taiko.mirror.xyz. Source @DeFi_ICO_Invest

📊 NextGen DeFi Asset Management Automation Layer to be Showcased at ETHcc7 IPOR Fusion, a meta DeFi aggregation, execution, and intelligence engine, presents a unified liquidity framework for on-chain asset management at ETHcc7. Zug, Switzerland – IPOR Labs, the company behind the IPOR interest rate derivatives protocol and IPOR Fusion, has announced its sponsorship of the biggest Ethereum ecosystem event in Europe – ETHcc[7]. Source @DeFi_ICO_Invest

📊 DefiLlama reveals how crypto hackers stole $664m from investors in 2024 Crypto investors lost $664 million to hackers in the first half of the year, marking a more than 50 percent increase compared to the same period last year, DefiLlama data revealed. It noted that crypto hackers were often skilled bad actors, who work for cybercrime syndicates, such as North Korea’s state-sponsored Lazarus Group, which was suspected of having stolen billions in crypto. Source @DeFi_ICO_Invest

⬜️ OKX Enhances DeFi Ecosystem with Geode Finance Partnership OKX Wallet has announced its integration with Geode Finance, a pioneering decentralized protocol for staking solutions on the Ethereum blockchain. According to the new release, the OKX Wallet will users to access Geode’s advanced staking library in the staking pools of their choice. Geode Finance also improves security and yield-bearing assets with a staking model that offers stability and the possibility of increased fiat accessibility. Source @DeFi_ICO_Invest

📊 Pendle's TVL Drops 45% as Key Markets Mature Yield trading protocol Pendle’s Total Value Locked (TVL) plunged by 45% in just a week, dropping to $3.5 billion from $6.2 billion, according to DeFiLlama data. This sharp decline happened as several liquid restaking markets, including Ether.Fi’s eETH, Renzo’s ezETH, Puffer’s pufETH, Kelp’s rsETH, and Swell’s rswETH, matured on June 27. When these markets matured, they allowed users to redeem their principal investments, leading to substantial capital withdrawals. Source @DeFi_ICO_Invest

🔵 Inside Aave founder Stani Kulechov’s ‘grand plan’ as the $11bn DeFi lender leapfrogs MakerDAO Aave Labs built its brand over the last seven years by setting up a no-frills lending platform. It shunned complexity and weathered the 2022 bear market as a steady DeFi banking business. It comprises a stablecoin, called GHO; a crypto wallet called Family; and Lens Protocol, and a social media network that is in the process of raising $50 million from investors. Source @DeFi_ICO_Invest

📣 DeFi restaking protocol Symbiotic TVL Triples To $1B Within 24 Hours Of Raising Deposit Limits The TVL of Symbiotic, the upstart Ethereum restaking protocol seeking to challenge EigenLayer’s dominance, tripled in less than 24 hours to more than $1 billion after increasing its deposit limit. On July 3, Symbiotic raised its deposit cap from roughly 92,000 ETH, inspiring users to pile 232,028 ETH liquid staking tokens (LSTs) worth more than $700,000 into the protocol. Source @DeFi_ICO_Invest