Base Network, a project nurtured by Coinbase, shows consistent growth, although the rate has slowed since its initial surge. As of the latest data from L2Beat, Base’s total value locked (TVL) is nearly $735 million, marking a 4% increase in the past week. According to the data, since its official launch in August 2023, the TVL of…

Bitcoin is set to wrap up the year outperforming all major traditional assets, data provider Kaiko Research predicts. The cryptocurrency is up more than 160% in 2023 despite tight macroeconomic conditions and headwinds in the crypto industry. Just a few companies are ahead of Bitcoin performance, including NVIDIA Corp (NVDA), which has jumped 241% year-to-date, outpacing Bitcoin’s…

Crypto exchange MEXC has allegedly frozen several traders’ accounts and seized their funds, according to multiple reports on X (formerly Twitter). The exchange claims the actions were motivated by “abnormal trading activities.” MEXC’s users have been complaining about account restrictions since Dec. 16. On X, the pseudonymous trader Vida revealed a loss of $92,000 in Tether tokens,…

During the 2017 bull run, initial coin offerings (ICOs) were all the rage. The last bull market — in 2021 — was dominated by the growth of decentralized finance (DeFi) and yield farming. Now, as a fresh bull cycle gathers pace, 2024 will bring a breadth of more sophisticated financial products on-chain. From complex derivatives to structured products, big-boy…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The International Organization of Securities Commissions (IOSCO) released a set of policy recommendations for the DeFi space this week. Following its release, some community members worried about how it…

Solana and Avalanche price lead among large-cap altcoins on Dec. 21 as Bitcoin price hovers near $44,000. The steady bullish momentum in altcoins comes after Bitcoin price failed to secure the $45,000 level, which has stood as resistance since the initial run-up on Dec. 5. With $45,000 standing as the current resistance level, Bitcoin’s market dominance…