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Aave Labs Unveils Ambitious Plans for Protocol V4: Enhancing GHO Stability and Cross-Chain Liquidity

Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture…

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Jack Dorsey’s Block Faces DOJ Probe Over Alleged Transactions With Sanctioned Nations and Terrorist Groups

Department of Justice (DOJ) federal prosecutors from the Southern District of New York are investigating fintech company Block, formerly known as Square, for significant compliance failures in its transaction monitoring…

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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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