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Virtuals (VIRTUAL), a tokenized AI project, has surged over 20,000% year-to-date and is experiencing significant whale activity, according to Santiment. Despite recent market corrections, high-net-worth investors are accumulating VIRTUAL and other altcoins like Usual (USUAL), Gnosis (GNO), Aave (AAVE), and Floki (FLOKI). Bitcoin's drop below $100,000 has sparked a "buy the dip" mentality, with discussions around this strategy reaching an eight-month high.
World Liberty Financial (WLFI) has invested $2.5 million USDC in Ethereum through Cow Protocol, reinforcing its commitment to the DeFi sector. This investment is part of a broader strategy that includes a $45 million portfolio across various assets and the introduction of a tailored Aave v3 protocol, enhancing liquidity and user rewards. Notable figures like Justin Sun have also backed WLFI, which has raised over $72 million towards its $300 million goal.
World Liberty Financial (WLFI), a new venture by Donald Trump, has made waves in the cryptocurrency sector by acquiring 722 ETH for approximately $2.5 million, boosting its total Ethereum holdings to about 15,598 tokens valued at $53 million. The project aims to democratize crypto loans, challenging traditional financial institutions, while also diversifying into other cryptocurrencies like Aave and Chainlink. With significant backing from TRON founder Justin Sun, WLFI is under scrutiny as it navigates a competitive DeFi landscape amid concerns over potential conflicts of interest.
This weekend, three cryptocurrencies stand out: Qubetics, Polkadot, and AAVE. Qubetics, with its innovative decentralized VPN, has raised over $7.2 million and is projected to reach $15 post-mainnet launch, offering a staggering 43,711.73% ROI. Polkadot excels in blockchain interoperability, having onboarded over 50 parachains, while AAVE leads decentralized lending with a $15 billion market cap, providing secure financial services without traditional banks.
Donald Trump's World Liberty Financial (WLF) has partnered with Ethereum-based Ethena Labs to integrate the yield-bearing token sUSDe into its lending platform, potentially allowing it as collateral in an upcoming Aave instance. This collaboration follows WLF's acquisition of $750,000 in ENA tokens and a broader strategy that has seen the firm invest $45 million in various crypto assets since November. The governance proposal for sUSDe will be decided this week, signaling WLF's commitment to expanding its presence in the DeFi space.
Polygon has rejected a proposal to deploy $1.3 billion in stablecoins into Morpho's DeFi platform, citing community concerns over network risks and the absence of a consent mechanism. Critics warned that utilizing bridge assets in high-risk protocols could destabilize the ecosystem, potentially leading to liquidity crises. The decision underscores the community's focus on security and user trust over aggressive yield strategies, while acknowledging the need for innovative management of its substantial stablecoin reserves.
Ethena Labs has proposed integrating its synthetic stablecoin, sUSDe, into the World Liberty Financial (WLFI) protocol, aiming to enhance capital efficiency and liquidity. This partnership, if approved, would leverage sUSDe's high annual percentage yield of 27% to boost user rewards and total value locked in WLFI's Aave instance, which is backed by Donald Trump's family. The integration has already shown success in Aave, achieving $1.2 billion in supplied assets shortly after onboarding.
Bitcoin has surged past $100,000, yet altcoins like XRP and Solana have struggled to keep pace, with Ethereum up only 69% this year compared to Bitcoin's 150%. Analysts predict an imminent altcoin season, driven by Ethereum's recent price rally and significant inflows into Ether ETFs. Solana is emerging as a strong competitor, attracting more developers and surpassing Ethereum in decentralized exchange trading volume, while regulatory clarity may further boost altcoin investments.
Dogecoin struggles to break resistance levels, currently trading at $0.40 after a recent rally, while DTX Exchange and AAVE experience significant growth. DTX Exchange, a decentralized platform with strong utility and governance features, has raised over $8 million in its ICO. AAVE, a leading DeFi protocol, has seen a 31% price increase due to strong buying activity, highlighting the contrasting fortunes of these assets in the crypto market.
Polygon has accused Aave of monopolistic practices, claiming the DeFi platform is stifling innovation and using intimidation tactics against competitors like Morpho. Aave's founder defended the protocol's actions as necessary for user protection, rejecting allegations of anti-competitive behavior. Polygon's leadership emphasized their commitment to a decentralized and competitive DeFi ecosystem, vowing to resist any actions that undermine Web3 principles.
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