Synthetix racks up over $1M in daily fees as SNX token value surges 100%
Synthetix, Ethereum-based decentralized finance (DeFi) protocol, collaborated with Curve Finance to create Curve pools, allowing investors to convert synths into tokens. Given the investors’ willingness to hold tokens instead of synths, the protocol racked up over $1.02 million in trading fees.
CryptoPunks Becomes Top NFT Collection, Christie’s NFT Expert Says He Will ‘Steward’ the Project
CryptoPunks, one of the most popular NFT collections, has become the top NFT project in terms of volume over the past 24 hours amid the news that Noah Davis, the NFT expert for the auction house Christie’s, will join Yuga Labs to lead CryptoPunks.
Record stablecoin market share points to crypto upside: JPMorgan
The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an upcoming crypto upside, according to analysts at the American investment bank JPMorgan Chase.
Emergent Games Launches Prologue Game for Resurgence and ‘Invite Only’ Drop of Gen 0 Cryotag NFT
The new web 3 gaming studio, Emergent Games, announces the launch of an alternate reality game (ARG), The End. Players sign up through an email portal and are invited onto digital platforms to investigate mysteries, share information and earn rewards that have real value in the Resurgence world.
Bancor pauses impermanent loss protection citing ‘hostile’ market conditions
Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its impermanent loss protection (ILP) function. The DeFi protocol noted that the ILP pause is a temporary measure to protect the protocol and the users.
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