Ethereum DeFi Total Value Locked Reaches 2-Year High with Surging Activity on Uniswap and Aave
Bitcoin Ton has come up with a new way to bring Bitcoin liquidity to Telegram. They’ve created a trustless cross-chain bridge that allows users to easily access Bitcoin on the popular messaging platform. This innovation opens up new possibilities for Bitcoin users, making it more convenient and accessible than ever before.
In other news, Ethereum co-founder has recently moved a significant amount of ETH—$72 million worth—to Kraken. This move has caught the attention of many in the cryptocurrency community, sparking discussions about potential market implications.
Meanwhile, stablecoins are facing scrutiny in Brazil, where authorities are considering prohibiting withdrawals to self-custody wallets. This development has raised concerns among stablecoin users in the country, as it could impact how they manage and access their digital assets.
On the regulatory front, Hong Kong is looking to compete with Singapore as a financial hub by proposing crypto tax exemptions. This move could attract more crypto businesses to Hong Kong, positioning the city as a favorable destination for the industry.
In the world of DeFi, Pump Fun’s decision to halt livestreaming has resulted in a 33% drop in revenue. This setback highlights the challenges that DeFi platforms face in maintaining user engagement and profitability.
As we head into the holiday shopping season, Web3 is embracing the spirit of Black Friday. Changelly has rolled out special crypto offers to cater to shoppers looking to make purchases using digital assets, adding a new dimension to the traditional holiday shopping experience.
In the AI space, Canadian media giants have taken legal action against OpenAI over alleged copyright violations related to ChatGPT. This case sheds light on the complexities of AI technology and intellectual property rights in the digital age.
Overall, the cryptocurrency and blockchain industry continues to evolve and face challenges across various sectors. Stay tuned for more updates on the latest developments shaping the future of digital finance and technology.
