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DeFi derivatives protocol Cega to sunset platform by end of year following acquisition

Cega Finance, a DeFi protocol that offers structured investments and exotic options strategies, announced it has been acquired by a “leading protocol” and will sunset its platform by the end of the year. The acquirer has chosen to remain private, according to Cega’s team.

theblock.co • 27/11/2024 - 19:38 PM

Avant, Ethena-like DeFi protocol, raises $6.5 million in seed funding

Avant Protocol has raised $6.5 million in a seed funding round at a $25 million valuation. Avant is an Avalanche-based crypto yield protocol that offers a yield-bearing ‘stable-value’ token similar to the popular Ethena.

theblock.co • 27/11/2024 - 18:55 PM

WalletConnect launches first airdrop season with 50 million tokens allocated to community members

WalletConnect rolled out the eligibility checker for the first season of its airdrop, allowing users to stake tokens for governance. During the first season of the airdrop, 50 million tokens have been allocated for distribution to over 160,000 eligible users. The tokens are initially non-transferable, but users can stake them for periods ranging from one week to two years, with staking rewards starting on Dec. 19.

theblock.co • 27/11/2024 - 06:24 AM

A16z-backed Forta launches Firewall to help prevent smart contract exploits

Forta has launched Firewall, a product designed to detect and prevent smart contract exploits, using machine learning to enhance security for the decentralized finance ecosystem.

theblock.co • 19/11/2024 - 15:23 PM

The Funding: A dozen crypto VCs share what’s next after Trump’s win and bitcoin’s surge

Bitcoin's rise over $93,000 after Trump's election reignites investment enthusiasm in crypto, particularly in sectors like AI and DeFi, amid anticipated regulatory clarity.

theblock.co • 17/11/2024 - 21:36 PM

DeFi platform Folks Finance raises $3.2 million Series A at $75 million valuation

Folks Finance raised $3.2 million in Series A funding led by Borderless Capital, exceeding expectations and indicating future token plans for its cross-chain DeFi platform.

theblock.co • 14/11/2024 - 13:00 PM

AltLayer unveils 'Autonome,' a platform to create and deploy autonomous AI agents

AltLayer introduces Autonome, a no-code platform for creating autonomous AI agents in a decentralized ecosystem, enabling secure, intelligent interactions consistent with user values and preferences.

theblock.co • 13/11/2024 - 06:35 AM

'PayFi' startup Huma Finance expands to Solana in bid to expand trade financing solution

Huma Finance launches on Solana to enhance liquidity solutions and offers higher yields for investors, aiming to address inefficiencies in traditional finance with its PayFi protocol.

theblock.co • 12/11/2024 - 21:22 PM

The Daily: Bernstein says 'don't fight this' amid post-election crypto surge, MicroStrategy buys another $2 billion in bitcoin and more

Bernstein forecasts a crypto bull market post-Trump's election; MicroStrategy buys more Bitcoin; FTX sues Binance; Delta Prime faces security issues; user loses $25 million in a transaction error.

theblock.co • 11/11/2024 - 19:18 PM

Brevis Network, a ZK coprocessor, raises $7.5 million in seed token round

Brevis Network raised $7.5 million to enhance blockchain scalability using zero-knowledge technology, attracting support from major investors and expanding partnerships with DeFi protocols.

theblock.co • 11/11/2024 - 17:00 PM

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