DeFi

Months after getting exploited in one of the largest crypto-related hacks, the team behind Ronin announced the restart date. Axie Infinity’s Ronin sidechain is expected to be relaunched next week after the $625 million exploit, ‘with all user funds returned.’ Ronin Network, an EVM blockchain powering popular play-to-earn game Axie Infinity, has announced the reopening…

Goldman Sachs is reportedly seeking $2 billion in commitments from investors to buy distressed crypto assets of Celsius at steep discounts if the crypto lender goes bankrupt. The Wall Street firm is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, CoinDesk reported citing two sources familiar…

Solana Labs is developing its own mobile phone titled “Saga,” an Android handset featured with Web3 dApps, integrated “Solana Pay” for QR-code payments, a mobile wallet, and a “seed vault” for private keys. According to Solana backers, the devices will cost around $1,000 and be available in early 2023. At an event in New York,…

MetaDecrypt has announced its first dedicated Web 3.0 Summit 2022 in Dubai, UAE, on July 2-3, 2022. Held at the Museum of the Future, the event aims to bring the universe to the metaverse by reimagining the future. In partnership with Buidlers Tribe, the Summit will launch the startup pitch competition for Web 3.0 projects…

With the emergence of decentralized finance (DeFi), NFTs that broadly represent financial ownership and rights, often dubbed “financial NFTs,” are showcasing exciting use cases of NFTs the space has never seen. Solv Protocol, a DeFi startup, is a platform for creating, managing, and trading financial NFTs, or Vouchers. “The most pressing problem in the emerging…

While the crypto market has lost $2 trillion in value since November 2021, the venture arm of the $22 billion hedge fund run by Steve Cohen, the man who inspired the “Billions” TV show, last week announced it had invested in its fifth crypto company, a decentralized finance firm that provides data and trade execution…