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New York Jury Convicts Avraham Eisenberg in $110 Million Crypto Market Manipulation Case

A federal jury has convicted crypto trader Avraham Eisenberg of fraud and market manipulation. The charges stemmed from Eisenberg’s exploitation of Mango Markets, a decentralized finance (DeFi) protocol built on…

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‘Bitcoin has as many functionalities as other blockchains’: Trust Machines member weights in Bitcoin DeFi

The Bitcoin DeFi ecosystem displayed a stellar growth in 2024, and Mark Hendrickson believes this sector is here to stay. The post ‘Bitcoin has as many functionalities as other blockchains’:…

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Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts

In the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts.…

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Drift Foundation Announces 100 Million Token Airdrop for Solana-Based Dex Users

On April 16, 2024, the Drift Foundation, which supports the Solana-based decentralized exchange (dex) platform Drift, disclosed plans to distribute 100 million tokens to its users. The tokens will function…

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Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April

Following a significant downturn in March, liquid staking derivatives (LSD) protocols experienced another withdrawal of 380,000 ether, valued at roughly $1.17 billion, from leading LSD platforms since April 1, 2024.…

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