Breaking News: PROTOCOLS – Market Insights, Analysis & Latest Updates

The Daily: Pudgy Penguins' PENGU token goes live, LastPass exploiters drain millions of dollars in crypto and more

Pudgy Penguins launches PENGU token; millions lost in LastPass breach; Lido phases out Polygon staking; and Tether invests in StablR for stablecoin adoption in Europe.

theblock.co • 17/12/2024 - 19:11 PM

Lido begins phasing out staking service for Polygon PoS chain

Lido has phased out its staking services for Polygon PoS due to low adoption and challenges while emphasizing a shift towards Ethereum-focused initiatives and user needs.

theblock.co • 17/12/2024 - 08:13 AM

The Daily: Bitcoin hits new all-time high, Ripple's RLUSD set to launch, MicroStrategy's latest BTC acquisitions and more

Ripple will launch its U.S. dollar-pegged stablecoin RLUSD on Tuesday, initially available on the XRP Ledger and Ethereum networks. Business intelligence firm and corporate bitcoin holder MicroStrategy has acquired another 15,350 BTC for $1.5 billion, raising its total holdings to 439,000 BTC worth over $46 billion. Aave contributor Marc Zeller has proposed phasing out its decentralized lending services on Polygon’s PoS chain due to perceived risks from Polygon’s recent proposal to use over $1 billion in bridge stablecoins for yield generation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 16/12/2024 - 18:38 PM

Ethena’s much anticipated USDtb stablecoin, backed by BlackRock’s BUIDL token, goes live

Ethena is launching a new stablecoin backed by BlackRock’s BUIDL fun. The token, USDtb, is part of the project’s effort to diversify its offerings.

theblock.co • 16/12/2024 - 14:08 PM

The Daily: BlackRock recommends 1-2% bitcoin allocation, Step Finance plans tokenized stocks on Solana and more

BlackRock suggests 2% bitcoin allocation, Step Finance targets tokenized stocks on Solana, Avalanche raises $250M, and more developments in crypto and blockchain technologies.

theblock.co • 12/12/2024 - 19:08 PM

Web3 notifications protocol Push to launch its own Layer 1 chain

Push Protocol is launching Push Chain, a Layer 1 blockchain for web3 apps, improving user experience and scalability with features like smart contracts, wallet abstraction, and fast transactions.

theblock.co • 12/12/2024 - 12:05 PM

PROTOCOLS

The Daily: Pudgy Penguins' PENGU token goes live, LastPass exploiters drain millions of dollars in crypto and more

Lido begins phasing out staking service for Polygon PoS chain

The Daily: Bitcoin hits new all-time high, Ripple's RLUSD set to launch, MicroStrategy's latest BTC acquisitions and more

Ethena’s much anticipated USDtb stablecoin, backed by BlackRock’s BUIDL token, goes live

The Daily: BlackRock recommends 1-2% bitcoin allocation, Step Finance plans tokenized stocks on Solana and more

Web3 notifications protocol Push to launch its own Layer 1 chain

Frax is developing a tech stack for AI agents on blockchain

Trump-backed World Liberty Financial is swapping stablecoins for ETH, onchain data shows

The Daily: Ray Dalio recommends bitcoin amid rising debt levels, MicroStrategy eyes Nasdaq 100 inclusion and more

Balancer V3 launches with Aave partnership for Boosted Pools

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