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Donald Trump's new crypto venture, World Liberty Financial, is a DeFi platform that offers "high-yield" investment opportunities. Trump is heavily promoting it as part of his broader crypto-related initiatives. The project is linked to his recent efforts to position the U.S. as a global leader in cryptocurrency if he wins the presidency.
Crypto.com is partnering with Standard Chartered to expand access to multiple fiat currencies including USD, euros, and Dirhams through a new retail services business managed from its regional hub in Dubai. Servicing 90 countries, this collaboration aligns with the UAE's economic diversification goals and marks a significant step in Crypto.com's global expansion strategy.
AGW is a smart wallet that uses account abstraction features to create a seamless user experience. It uses Privy's embedded wallet solution as its default signer and plans to allow control using existing EOAs and passkeys. The wallet uses Paymasters for gasless transactions and has a developer SDK to create one-click login experiences.
Instead of merely promising a public testnet, Story Protocol delivered it directly to users. This thread lists the first batch of apps that are available for users to try, with many more to come.
1inch saw a 12% increase in daily average volume in Q2 2024, reaching $450 million. Key metrics include a 59% rise in transactions, a 280% surge in volume on Base, and a 2% increase in 1INCH tokens staked.
Decentralized finance is a return to the core principles of finance, offering transparent and non-discriminatory access to financial services. It democratizes lending, trading, and other activities traditionally restricted to accredited investors. DeFi's core functions of lending and trading are foundational to economic growth and represent pure forms of income generation.
Perpetual credible commitments allow for enforceable, verifiable promises to be made to users over long time horizons. Examples include Bitcoin, with the commitments being the total supply and full ownership. It could be used for new non-financial use cases like a DoorDash that guarantees its take rate or a game where a reward pool is shared with players.
While concerning, the recent Intel SGX key breach does not invalidate the security model of Trusted Execution Environments. TEEs offer privacy for zero-knowledge proof generation and can run various cryptographic algorithms securely. Despite the breach setback, TEEs remain a crucial component in the security approach for sensitive computations in the blockchain industry.
TON suffered another outage on Wednesday.
The Threshold Bitcoin DeFi protocol is proposing a merger with WBTC, hoping to improve security and stability in response to concerns over WBTC's new custodial arrangements involving Justin Sun's BiT Global.
Ekubo, a Starknet-native AMM, stands out with its unique token distribution and advanced features.
Crypto scams are evolving to require less time to be successful, shifting from elaborate Ponzi schemes to quick, targeted scams.
Nayib Bukele, the president of El Salvador, said that the adoption of Bitcoin as legal tender in El Salvador has not met expectations, although he still views it as a net positive for its economy.