Avalanche


Markets

Securities Platform DEFYCA to Release Tokenized Private Debt Protocol on Avalanche

DEFYCA’s launch highlights the growing trend of bringing tokenized versions of traditional markets like debt to blockchain-based protocols.

(Danny Nelson/CoinDesk)

Web3

Esports Giant TSM Enters Into Web3 Gaming Partnership With Avalanche

Avalanche will be TSM's exclusive blockchain partner as it builds out its competitive gaming platform, Blitz.

Team TSM on May 22, 2022 (Joe Brady/Getty Images)

Videos

Bitcoin Long Liquidations Hit Highest Level Since August: Data; Interest in Bridging Bitcoin to Avalanche Swells

The crypto futures market took a hit with exchanges liquidating longs or bullish bitcoin futures worth over $62 million during Asian trading hours on Friday. That's the highest amount since August, according to Glassnode data. Separately, over 2,000 BTC ($44 million) was ported to Avalanche, the largest single-day BTC.b mint on record, according to data sourced from pseudonymous analyst 0xAcid's dashboard on Dune Analytics.

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Markets

Bitcoin-Bridged to Avalanche Reaches Record Daily Mint of Over 2K BTC

Half of the BTC.b minted on Thursday have been moved to BENQI Finance, an Avalanche-based decentralized finance protocol.

Interest in bridging BTC to Avalanche continues to swell. (Matthew Lancaster/Unsplash)

Finance

BridgeTower Capital to On-Ramp Lido, Offers Security Token for Avalanche’s Staking Rewards

The announcements highlight BridgeTower's emphasis on regulatory compliance.

(Chris Linnett/unsplash)

Tech

DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack

The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for last week's attack.

The exploit of Platypus Finance is the latest example of crypto's rampant problem with hackers. (Meg Jerrard/Unsplash)

Tech

How Solvency Check Error Led to USP Depegging on Avalanche-Based Platypus Finance

Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack.

(Boonchai Wedmakawand/Getty Images)

Markets

USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack

The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.

(Getty Images)

Tech

Avalanche Blockchain Had 1,500% Transactional Growth in 2022: Nansen

Such transactional activity came even as the total value of tokens locked on Avalanche-based decentralized finance applications slid from 2021’s $15 billion peak to just over $900 million in November 2022.

Avalanche registró un crecimiento de 1500% en su actividad transaccional durante 2022, a pesar del mercado bajista general. (Nansen)

Videos

Over $2M In Crypto Donations Raised for Turkey after Earthquake

Turkish singer Haluk Levent’s charity Ahbap is leading the response with roughly $2 million in crypto donations raised on the Avalanche, BSC and Ethereum blockchains in less than a day. Local exchange Paribu is also fundraising for two nonprofits assisting in the response. CoinDesk Türkiye Editor-in-Chief Serdar Turan joins the conversation.

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