DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Tech

Multibillion Dollar Oracle Tool Chronicle to Expand Outside of MakerDAO Ecosystem

Chronicle is said to safeguard over $5 billion in assets held on Maker by ensuring pricing data is in line with the general market.

(Tetra Images/Getty Images)

Finance

Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend

One newly-created wallet withdrew $7.7 million of SNX and $3.9 million of LPT to prompt the tokens to surge.

SNXUSD chart (TradingView)

Markets

Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein

The industry push for an ether spot ETF will follow immediately after a bitcoin ETF approval since ETH has a similar market structure of a traded CME futures market and a spot market, the report said.

Sign saying fee area ahead on a background of desert shrubland

Markets

Traders Are Paying 2,000% to Buy CYBER as Social Network's Tokens Soar

The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.

image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)

Tech

Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day

Its creators hope to emulate the apparent success of Velodrome, one of Optimism network’s most used platforms which holds over $288 million in locked value.

Aerodrome receives $150 million in deposits (Pixabay)

Tech

Scores of Friend.tech Users Remain Active Even as Trading Volumes Drop 95%

Falling revenues have led some market observers to say the platform has “gone dead.” But has it?

(SDI Productions/ Getty Images)

CoinDesk Indices

A Guide to TradFi Blockchain Adoption

As financial institutions look to come on-chain, total value locked, or TVL, is anticipated to be the leading indicator of where adoption will occur.

(Sean Pollock/Unsplash)

Markets

Robinhood Revealed to Be Third-Largest Bitcoin Holder With $3B in BTC

Robinhood transferred some 118,300 bitcoin to the wallet from several other smaller wallets over a three-month period.

Wallets (RitaE/Pixabay)

Tech

Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE

Unprecedented transactions out of a multisig wallet spooked Pepecoin watchers last week.

Pepe the frog (Studio Incendo/Wikimedia Commons)

Consensus Magazine

Tokenization News Roundup: Resource Extraction, Social Media Monetization and Real World Connections

A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain.

(Camilo Jimenez/Unsplash)