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Arbitrum-Based GMX Surpassed Ethereum Blockchain in Daily Fees Over Weekend
The decentralized exchange product has gained a loyal community of users in the past few months.
DYdX DeFi Grants Renewal Proposal Spurs Polarized Community Discussion
Nearly 90% of voters favor the grants proposal, but many in the community pointed out controversial limitations.
Arbitrum-Based Radiant Capital Targets Outsized Platform Profitability With V2 Launch
Radiant has already generated $5 million in fees for users since its July launch.
Long Traders Bear Brunt as Bitcoin, Ether Slide Spurs $220M in Liquidations
Over 90% of all liquidated positions originated from traders betting on even higher prices.
Liquid Staking Tokens Rally as Kraken Shuts Staking Service to Settle With SEC
The sudden price uptick of governance tokens for the largest liquid staking protocols – Lido Finance, Rocket Pool and Frax Finance – was a counterweight to the decline of the broader crypto market.
Bitcoin Drops Below $22K as Kraken Agreement to Close US Crypto Staking Operations Spooks Investors
The largest cryptocurrency by market capitalization declined after the crypto exchange giant agreed to settle charges with the SEC to shutter the service.
Cross-Chain Protocol Stargate Finance’s Token Surges by Double Digits on Trader Joe Partnership
The Stargate DAO also passed a token re-issuance proposal following security concerns tied to an entanglement with Alameda Research; bitcoin and ether trade slightly in the red.
Blockchain-Based Render Network Token Rising After Community Vote for New Burn-and-Mint Model
The utility token of Render Network has jumped 80% over the past seven days following the passage of a new tokenomics model proposal on the network.
Bitcoin Favored Over Ether by CME Traders So Far This Year, Arcane Research Report Shows
Open interest in bitcoin futures on the Chicago Mercantile Exchange has risen while ether’s has declined, according to an Arcane Research report.
Bitcoin Holds Steady Near $23K as Investors Weigh Their Next Steps
Ether also traded sideways to change hands at about $1,635. Equities declined.
