Flavor Fusion

BlackRock is reportedly in discussions with several centralized exchanges to allow its BUIDL fund to be used as collateral for derivatives trades As reported by Bloomberg on Oct. 18, people familiar with the matter shared that the move includes exchanges such as Binance, OKX, and Deribit. This move is part of a broader push by […]

Federal Reserve Governor Christopher Waller believes that DeFi is more likely to work alongside traditional finance rather than replace it entirely. Speaking at the Vienna Macroeconomics Workshop on Oct. 18, Waller delved into the ongoing debate surrounding DeFi’s role in the financial system, acknowledging its innovations while highlighting the enduring value of centralized finance. A […]

Tapioca DAO, a decentralized money market protocol on LayerZero, suffered a security breach on Oct. 18, causing its native TAP token to lose more than 90% of its value. Blockchain security firm Cyvers revealed that the protocol’s deployer address was compromised, resulting in unauthorized changes to the vesting contract’s ownership. The attack The attacker exploited […]

Singapore’s DBS Bank has introduced a blockchain-driven banking service for institutional investors, featuring tokenization and smart contract capabilities. On Oct. 18, the leading financial institution stated that its DBS Token Services is designed to enhance transaction banking and improve operational efficiency for its institutional clients. DBS Token Services According to the bank, DBS Token Services […]

Data reveals a significant imbalance in the Polymarket order book for the 2024 US Election. The market betting on a Donald Trump victory currently has asks totaling $32 million and bids at $1.5 million, resulting in a market depth of $33.5 million. Given the nature of prediction markets, which are timed events, it is unsurprising […]

Bitcoin’s hashprice has risen to a two-month high, exceeding $50 for the first time since mid-August, according to data from Hashrate Index. On Oct. 17, the hashprice hit $53.64, marking its highest point since Aug 23. This comes after a significant drop in September, when the hashprice fell to an all-time low of below $40. […]

North America has once again claimed the top spot as the world’s most significant crypto market thanks to increased institutional activity in the US, according to an Oct. 17 Chainalysis report. Between July 2023 and June 2024, North America generated $1.3 trillion in on-chain value, representing 22.5% of the global total. Chainalysis credits this dominance […]

Truth Terminal, an AI agent developed by researcher Andy Ayrey, has indirectly prompted the creation of the GOAT memecoin, which reached a market capitalization of $290 million, up 128% over the past 24 hours. The AI’s autonomous tweets about the “Goatse Gospel” spurred human actors to develop the memecoin, illustrating the complex interplay between artificial […]

The GAM3 Awards 2024 has revealed its final shortlist for a $5 million prize pool. Returning for its third year, the annual web3 gaming event will, for the first time, feature a physical ceremony held in the Philippines in partnership with Yield Guild Games (YGG). The event serves as the grand finale for the YGG […]

Tokyo-listed investment firm Metaplanet continues its aggressive Bitcoin acquisition strategy, adding over 450 BTC to its holdings this month. On Oct. 15, Metaplanet CEO Simon Gerovich announced the purchase of 106.976 BTC for 1 billion yen (approximately $6.7 million), paying an average of 9.3 million yen (around $62,520) for each coin. This transaction is part […]