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DeFi startup Balancer Labs rolls out latest version of its automated market-making protocol

DeFi startup Balancer Labs rolls out latest version of its automated market-making protocol

Balancer V2 features an updated user interface. The team behind the iteration also claims it will reduce gas fees for its customers.

The post DeFi startup Balancer Labs rolls out latest version of its automated market-making protocol appeared first on The Block.

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ADAM hires former Treasury official to help set best practices for crypto firms

At ADAM, Robert Baldwin will “help execute ADAM’s strategic initiatives” and “engage in policymaking activities.”

The post ADAM hires former Treasury official to help set best practices for crypto firms appeared first on The Block.

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Polkadot platform for DeFi derivatives lands $6.4 million in seed funding

Derivatives platform DTrade joins a wave of DeFi projects that are starting to build out products on Polkadot.

The post Polkadot platform for DeFi derivatives lands $6.4 million in seed funding appeared first on The Block.

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Grayscale Bitcoin Trust hits record discount of over 20%

The Grayscale Bitcoin Trust (GBTC) product, which has been consistently trading at a discount for almost three months, hit a new record low on Tuesday.

The post Grayscale Bitcoin Trust hits record discount of over 20% appeared first on The Block.

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Congressional lawmakers push for clearer accounting standards for digital assets

The Blockchain Caucus is also putting together a series of educational briefings on blockchain and crypto for Congress.

The post Congressional lawmakers push for clearer accounting standards for digital assets appeared first on The Block.

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Steve Cohen’s Point72 is poised to make a ‘big’ crypto market entrance: sources

Sources say that Point72, the hedge fund founded by billionaire Steve Cohen, is actively looking to begin deploying capital to the crypto market.

The post Steve Cohen’s Point72 is poised to make a ‘big’ crypto market entrance: sources appeared first on The Block.

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Tether reveals a breakdown of its reserves for first time since 2014 launch

Stablecoin issuer Tether has revealed a breakdown of its reserves, providing specific percentages for each category.

The post Tether reveals a breakdown of its reserves for first time since 2014 launch appeared first on The Block.

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Revisiting Maker: Expanding the TAM

Quick Take

  • Appreciating DeFi’s first internet owned non-custodial credit facility: MakerDAO
  • Maker is currently running north of $150 million in annualized 30-day protocol revenue (<$10 million a year ago), with nearly $5B in outstanding credit (DAI supply – +4,000% Y/Y) 

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Huobi regroups investment arms to Huobi Ventures with $100 million allocation

Crypto exchange Huobi has merged its investment arms into Huobi Ventures with $100 million as starting capital.

The post Huobi regroups investment arms to Huobi Ventures with $100 million allocation appeared first on The Block.

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Bitcoin’s mining difficulty is set to reach a new high with the biggest increase since 2018

The expected adjustment comes after a speedy recovery of the network hashrate from the recent incident in China’s Xinjiang province.

The post Bitcoin’s mining difficulty is set to reach a new high with the biggest increase since 2018 appeared first on The Block.

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