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Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains

The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread…

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Real-World Assets Hits New Peak With $8 Billion Locked, Reports Messari

The total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost $8 billion as…

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Animoca Brands Joins Forces With Opal Foundation to Build Expansive Web3 Ecosystem on Bitcoin

Animoca Brands, a Hong Kong-based game software company, has announced its partnership with the Opal Foundation to enter the Bitcoin ecosystem, leveraging the Opal Protocol to develop the largest Web3…

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Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail

On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was…

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Ripple and Hashkey DX Partner to Boost Blockchain Supply Chain Solutions in Japan

Ripple has teamed up with Tokyo-based consulting firm Hashkey DX to bring XRP Ledger (XRPL) blockchain solutions to the Japanese market, aiming to revolutionize enterprise blockchain use cases in Japan,…

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Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

The announcement of Eigenlayer’s airdrop, featuring non-transferable tokens and aggressive geo-restrictions, has sparked outrage among users who felt the allocated amount was minimal and the documentation confusing. Despite adding over…

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Japan’s Web3 Ambitions Hang in Balance as Political Scandal Rocks Kishida’s Leadership

Japan’s Prime Minister Fumio Kishida and the ruling Liberal Democratic Party are advocating Web3 development amid a major corruption scandal that threatens their political stability. With leadership elections approaching in…

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Scammers Trick Crypto Users With Faked USDT Balances, Slowmist Reports

Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet.…

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Republic First Bank Fails, Triggers Minor Crypto Market Downturn Amid Banking Sector Concerns

The United States witnessed its first banking failure of 2024 with the closure of Philadelphia-based Republic First Bank, creating ripples within the cryptocurrency community as Bitcoin, Ether, and various altcoins…

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