Aptos has added Chainlink Data Feeds to give developers access to reliable off-chain data in order to enhance the development of dApps on its blockchain. Chainlink is a decentralized oracle network that provides trusted and secure data to blockchains, and it is a popular solution in the Web3.

This integration will improve scalability, reliability and security of applications that are developed on Aptos.

Aptos Partners With Chainlink For Web3 Applications

In its most recent blog post, Aptos revealed that it is now collaborating with Chainlink Data Feeds to further complement its blockchain community. This integration enables the Aptos developers to integrate reliable off-chain data in their dApps. To avoid the risk of a single point of failure, Chainlink’s infrastructure combines data from several premium sources.

The integration will improve the credibility of the data required to design and build intricate applications. As a result, Chainlink’s decentralized oracle network will be utilized by Aptos to enable a secure and high throughput dApps environment. This will go a long way in helping to attend to the increasing needs of the Web3 ecosystem.

Thodoris Karakostas, head of blockchain partnerships at Chainlink commented,

“We are excited that Aptos has adopted the Chainlink standard. Chainlink Data Feeds will greatly enhance the reliability of applications built on the network, and we look forward to seeing the innovative ways developers leverage it.”

It is worth noting that Aptos Labs co-founder and CEO, Mo Shaikh recently resigned, with co-founder Avery Ching taking over as CEO.

Scalability and Security With Aptos’ Modular Architecture

Aptos has positioned itself as a high-performance blockchain with a focus on scalability and security. Its use of the Move programming language and Block-STM engine allows for efficient execution of complex transactions. This modular architecture supports reduced latency, ensuring fast and seamless user experiences.

With the addition of Chainlink Data Feeds, Aptos strengthens its ability to support enterprise-grade applications. Developers can now build decentralized solutions with enhanced security and scalability, addressing the evolving needs of blockchain users.

Chainlink has become a trusted standard for delivering verifiable data to blockchains, supporting major decentralized finance (DeFi) protocols. Its decentralized infrastructure eliminates manipulation risks by providing tamper-proof data through a network of reliable nodes. 

Chainlink’s technology plays a critical role in advancing Web3 by enabling real-time and accurate data delivery.

Ripple Leverages Chainlink for RLUSD Stablecoin

Notably, earlier this week, Ripple partnered with Chainlink to enhance its Ripple USD (RLUSD) stablecoin. Consequently, Chainlink’s decentralized oracle network now delivers secure price feeds for RLUSD on both Ethereum and the XRP Ledger.

Ripple’s adoption underscores the growing importance of secure data delivery in blockchain-based finance. The collaboration will boost RLUSD adoption by ensuring real-time, accurate pricing data. This will actively bridge the gap between blockchain technology and traditional finance.

Meanwhile, LINK whales offloaded 770,000 tokens worth $18.4 million between January 1 and January 4, following a 21% price rally. 

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The official platform Bitfinex Derivatives has announced that it has received a Digital Asset Service Provider (DASP) license in El Salvador. The Seychelles based parent company made this announcement as the platform continues to expand its presence across the Latin American region.

Bitfinex Gains DASP License in El Salvador, Strengthening Latin America Presence

As reported on X recently, Bitfinex Derivatives has become the latest to obtain a DASP license in El Salvador. With this license, the platform is able to offer its derivatives service through a new subsidiary called Bitfinex Derivatives El Salvador S.A. de C.V. The company statement adds that the users have to agree to the terms in order to continue using the service.

The move to El Salvador aligns with Bitfinex’s strategy to strengthen its foothold in Latin America. The company noted its mission to deliver advanced trading solutions. This further reinforces Bukele’s government position as a key player in the crypto economy.

The trading platform stated,

“To continue to use the Derivative Services on or after this date, you will be required to accept the Bitfinex Derivatives El Salvador S.A. de C.V. terms of service. “

Enhanced Trading Solutions Through Bitfinex Derivatives

With the DASP license, Bitfinex will provide innovative derivatives trading services to its users. These services include options, perpetual futures, and other advanced trading instruments. Bitfinex has partnered with providers like Thalex to enhance its offerings and expand accessibility.

This licensing ensures compliance with local crypto regulations, providing users with a secure trading environment. The updated framework will attract more institutional and retail traders, boosting its presence in the Latin American region.

El Salvador’s Role in the Global Crypto Economy

El Salvador has solidified its role as a leader in the cryptocurrency space. The country pioneered Bitcoin adoption as legal tender in 2021 and continues to grant licenses to crypto platforms. Bitfinex was the first crypto exchange to secure DASP registration in El Salvador in 2021, followed by Bitfinex Securities obtaining a Digital Assets License.

Nayib Bukele’s government has been providing encouraging policies and making sound investments in the crypto industry. By the end of December 2024, the Bukele’s government had bought more than 6,000 BTC, which proves it’s focus on the cryptocurrency.

Moreover, El Salvador plans to accelerate Bitcoin accumulation, adding to its current reserves valued at approximately $596 million. Despite retiring the Chivo wallet and IMF restrictions limiting Bitcoin use in public transactions, the government remains committed to advancing Bitcoin education and capital market development as part of its strategy.

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As Ethena unveils plans to expand its product suite and penetrate traditional finance, the protocol’s native token, ENA, has experienced a surge in price and trading activity. The synthetic stablecoin protocol aims to cement its position as a “neobank,” introducing innovative products such as iUSDe and Telegram-based payments in early 2025.

ENA Price Surges 18% As Ethena Unveils iUSDe and Telegram Payment App

According to an official blog post, Ethena plans to launch iUSDe, a synthetic dollar savings token for institutional finance, in Q1 2025. The protocol is also developing a Telegram-based payment app, integrating blockchain technology with mobile payments. These efforts align with Ethena’s ambition to merge crypto and traditional financial systems.

The announcement fueled a strong rally in ENA price, which surged 19% to $1.24. The market capitalization rose to $3.75 billion, while trading volume increased by 50%, reaching $607 million. The price movement reflects heightened investor confidence in Ethena’s roadmap and product innovation.

This rally marks a major recovery from the recent ENA price dip, which saw a 10% decline amid massive whale selloffs. On-chain data revealed that ENA whales offloaded millions of ENA tokens to Binance, raising concerns about market volatility. Despite this, investor optimism remains high, fueled by Ethena’s ecosystem advancements.

Role in On-Chain and Traditional Finance

In addition, Ethena accounted for 85% of on-chain USD growth in 2024, driven by its core synthetic stablecoin, USDe. The protocol has positioned itself as a leader in decentralized finance, achieving a total value locked (TVL) of $5.94 billion. Its innovative approach to maintaining dollar pegs and integrating with other platforms has contributed to its growth.

With the launch of iUSDe, the stablecoin protocol will bridge the gap between crypto and traditional finance (TradFi). iUSDe, designed for financial institutions, employs transfer restrictions to comply with regulatory standards. It allows institutions to access crypto-native returns without direct exposure to blockchain infrastructure.

Telegram Payments And Expansion Plans

In addition to iUSDe, the stablecoin protocol is building a payment app for Telegram users, leveraging the TON blockchain. This app will enable seamless mobile payments using USDe and Apple Pay. Telegram’s billion-user base provides an expansive market for Ethena’s payment solution.

The project also plans to introduce products like Ethereal, a crypto trading platform, and Derive, an options protocol. These tools, alongside USDtb integrations, will diversify offerings and enhance its appeal to both retail and institutional investors.

Moreover, recent data shows USDe nearing a market cap of $6 billion, reflecting a 140% growth since October. Built on the Ethereum network, USDe has been gaining traction as a scalable and censorship-resistant stablecoin alternative. This rising demand has fueled ENA price surge.

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Tether, the issuer of the world’s largest stablecoin, USDT, has announced a $775 million investment into Rumble, a video-sharing platform and cloud services provider. This strategic move has sent Rumble stock soaring by 50% in aftermarket trading. The investment, valuing Rumble shares at $7.50 each, will boost the platform’s financial stability and growth prospects.

Tether $775M Rumble Investment Sends Stock Soaring 50%

Following a recent press release, Tether revealed its decision to acquire 103,333,333 shares of Rumble’s Class A Common Stock at $7.50 per share. The $775 million transaction marks a strategic move into decentralized communications. News of the investment triggered a sharp 50% increase in Rumble stock price during aftermarket trading, reflecting investor optimism about the collaboration.

Rumble stock had been experiencing a downturn following Federal Reserve announcements on interest rates. However, the USDT issuer’s backing has restored market confidence, driving the share price upward. This highlights the growing ties between cryptocurrency initiatives and decentralized media platforms.

Chris Pavlovski, Rumble’s CEO expressed enthusiasm stating,

“This transaction provides an immediate liquidity event for all of our stockholders who elect to participate in the self tender offer. I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth.”

These developments come just weeks after the video-sharing platform announced its intention to allocate up to $20 million of its treasury to Bitcoin. The decision reflects Rumble’s focus on diversifying its cash reserves and leveraging Bitcoin as a hedge against inflation.

$250M Allocated For Growth, $525M For Share Buyback

In addition, the USDT issuer has earmarked $250 million from the investment to boost Rumble’s growth initiatives. These funds will expand the platform’s operational capabilities and strengthen its financial foundation, enabling it to compete in the video-sharing and cloud services markets.

The remaining $525 million will fund a self-tender offer for up to 70 million shares of Rumble’s Class A Common Stock. This buyback program, offered at the same $7.50 per share as Tether’s investment, provides liquidity for existing stockholders. Rumble’s CEO, Chris Pavlovski, will retain his controlling stake in the company, committing to tender no more than 10 million of his shares in the offer.

Additionally, the partnership reflects shared values of decentralization and free speech. Tether’s CEO, Paolo Ardoino, emphasized the alignment between Tether’s mission to promote financial freedom and Rumble’s dedication to providing an alternative to traditional media. 

Meanwhile, the move comes as Tether diversifies its portfolio, leveraging profits from USDT’s backing assets, which generated $2.5 billion in net profit during Q3 2024. With this investment, the USDT issuer continues its expansion into sectors such as AI, decentralized messaging, and now, video-sharing platforms.

Most recently, Paolo Ardoino revealed that Tether is targeting the end of Q1 2025 for the launch of its AI platform. While specific details remain limited, the platform is expected to integrate privacy-focused Peer-to-Peer AI Agents.

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The Hedera Foundation has announced Charles Adkins as its new CEO, effective January 1, 2025. This leadership change aligns with a rebranding initiative to strengthen the foundation’s focus on decentralized finance (DeFi) adoption. Charles Adkins, previously President of Hedera Hashgraph, LLC, brings expertise from his roles at Polygon Labs and Aptos.

Hedera Foundation Unveils 2025 Strategy Led by New CEO Charles Adkins

In a recent blog post, the Hedera Foundation has outlined its strategic goals for 2025 under the leadership of Charles Adkins. A core component of this strategy is the launch of a transparent on-chain grant management platform in Q2 2025. This platform will enable the community to actively participate in funding decisions.

The foundation’s initiatives will simplify access to DeFi solutions, providing tools for secure and efficient management of digital assets. These efforts will empower users worldwide to engage confidently with the evolving financial landscape.

In addition, the Hedera Foundation plans to expand its efforts in key areas, including decentralized finance, tokenization, AI integration, and digital identity solutions. These initiatives will boost Hedera network adoption by creating scalable applications addressing real-world challenges.

By leveraging its enterprise-grade infrastructure, the foundation will support industries such as finance, healthcare, and public services. This includes developing tools to automate governance and ensure compliance with jurisdictional regulations.

Meanwhile, Bloomberg analysts predicted that the Hedera ETF could launch before the Solana and XRP ETFs. According to Eric Balchunas and James Seyffart, Litecoin, and Hedera ETFs are more likely to gain approval sooner due to fewer legal complexities. The analysts highlighted that Solana and XRP ETFs might face delays due to unresolved regulatory and legal issues,

HBAR Price Action and Ecosystem Growth

HBAR price reacted positively to the appointment of Charles Adkins as CEO of the Hedera Foundation. The price rebounded from an intraday low of $0.26 to the current level of $0.2658, marking a gain of approximately 2.2%. Trading volume surged by 10.20% to $2.14 billion, reflecting strong investor interest and confidence in Hedera’s future direction. 

Additionally, recent announcements, such as EQTY Lab’s Verifiable Compute solution, have positioned Hedera as a key player in AI governance and trust. This innovation, supported by collaborations with Intel and NVIDIA, integrates AI auditing directly into the Hedera network.

Consequently, analysts anticipate bullish momentum for Hedera price. Recent HBAR price predictions signal a potential rally to a new all-time high (ATH).

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World Liberty Financial (WLFI), a Donald Trump decentralized finance project, has restructured its wrapped Bitcoin holdings. WLFI exchanged $10.4 million in Coinbase-backed cbBTC for 103.15 WBTC. The move follows Coinbase’s decision to delist WBTC, sparking controversy and legal battles among stakeholders.

Donald Trump World Liberty Financial Sides with WBTC After Coinbase Controversy

According to Lookonchain, Donald Trump World Liberty Financial exchanged 102.9 cbBTC, valued at $10.4 million, for 103.15 WBTC. The transaction occurred hours after Coinbase announced the delisting of WBTC due to alleged failure to meet the exchange’s standards.

The decision to switch to WBTC aligns World Liberty Financial with Justin Sun, founder of TRON DAO and a vocal critic of cbBTC. Sun has raised concerns over cbBTC’s governance and transparency. As part of this alignment, Donald Trump’s project has distanced itself from Coinbase’s wrapped Bitcoin solution, favoring WBTC infrastructure.

Coinbase’s decision to delist WBTC has stirred legal battles, with stakeholders questioning the exchange’s move. Consequently, TRON DAO founder Justin Sun questioned Coinbase CLO Paul Grewal on the delisting of wBTC and the fairness of their token listing standards. Sun’s BiT Global, which recently acquired custodial rights for wBTC, filed a lawsuit against Coinbase, alleging anti-competitive practices. 

BiT Global suit claims Coinbase delisted wBTC to favor its own tokenized Bitcoin product, cBTC. Despite these claims, cbBTC’s market cap has surged to $1 billion, signaling widespread adoption of Coinbase’s wrapped Bitcoin product.

Meanwhile, Donald Trump’s World Liberty Financial appears to have opted for stability by choosing WBTC, a token with a $13.6 billion market cap. Analysts attribute this choice to WBTC’s longer market presence and infrastructure advantages compared to cbBTC.

Justin Sun’s Role In Trump’s DeFi Strategy

Recently, Justin Sun invested $30 million in World Liberty Financial, becoming its largest investor and advisor. His involvement has played a crucial role in WLFI’s decision-making process, including the choice to transition from cbBTC to WBTC.

Sun’s criticism of cbBTC includes its lack of proof-of-reserve mechanisms and centralized control. His association with BitGo, the custodian of WBTC, further solidifies WLFI’s preference for the alternative wrapped Bitcoin asset. This strategic shift underscores Trump’s DeFi project’s alignment with Sun’s blockchain vision.

Removal of Debt Ceiling In Congress

In another development, Donald Trump has called for the complete abolition of the U.S. debt ceiling. Speaking in a phone interview with NBC, he described the debt ceiling as a “meaningless concept” and urged Congress to eliminate it entirely.

The President-elect added, 

“The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge. It doesn’t mean anything, except psychologically.”

This proposal comes as Donald Trump prepares to assume office, where his administration is expected to introduce measures to boost blockchain innovation and digital asset adoption. Notably, these legislative priorities could shape the regulatory landscape for projects like World Liberty Financial.

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Kraken cryptocurrency exchange has launched its Layer-2 blockchain network called Ink on the Ethereum mainnet. This rollout, originally scheduled for early 2025, has occurred ahead of schedule. Built using Optimism’s OP Stack, Ink aims to provide enhanced scalability and interoperability within the Ethereum ecosystem.

Kraken Launches Ink Layer-2 Network Ahead of Schedule on Ethereum Mainnet

According to a blog post, Kraken launched its Ink Layer-2 network on Wednesday, advancing its plans to introduce the blockchain by several months. The network is built on Optimism’s OP Stack, a modular framework designed to enhance Ethereum scalability and interoperability.

As part of the development, the crypto exchange secured a grant of 25 million OP tokens (approximately $58 million) from the Optimism Foundation. These tokens support the adoption and growth of Ink, enabling the platform to contribute to Optimism’s broader “Superchain” ecosystem.

Andrew Koller, the founder of Ink expressed enthusiasm stating, 

“Today is just the beginning for Ink, and now our boldest work begins, growing Ink. We’re pushing the boundaries of on-chain experiences to unlock new applications and opportunities for builders and users alike, layering privacy, security and UX enhancements on a foundation of deep liquidity.” 

Meanwhile, the adoption of Layer 2 solutions has been on the rise. Most recently, Germany’s Deutsche Bank integrated ZKsync technology through Project Dama 2. This move will enhance Ethereum’s efficiency while ensuring compliance with regulatory standards.

Key Partnerships and Features

Ink Layer-2 launched with support from several decentralized applications. Notable partners include decentralized exchange Curve, stablecoin platform Frax, LayerZero for interoperability, and Gelato for infrastructure support. These collaborations highlight the ecosystem’s focus on enabling diverse use cases within decentralized finance (DeFi).

By January 2025, Kraken plans to enable permissionless fault proofs on Ink Layer-2. This feature will allow anyone to challenge potentially invalid transactions, increasing the platform’s accountability.

Kraken’s Ink Layer-2 is the latest addition to Ethereum scaling solutions built on the OP Stack, joining networks like Coinbase’s Base and Sony’s Soneium. These projects demonstrate a growing trend among major players to expand the Ethereum ecosystem.

Meanwhile, in the ongoing Kraken vs. SEC lawsuit, the court denied the crypto exchange request to obtain documents related to Bitcoin, Ether, and SEC policies on digital assets. The judge ruled the requests irrelevant to the SEC’s allegations concerning specific crypto tokens. Kraken’s demand for evidence tied to public statements and internal policies was also rejected, with the court emphasizing a lack of justification for such disclosures.

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Hedera network has announced its integration with Chainlink’s decentralized oracle solutions to transform decentralized finance (DeFi) and real-world asset (RWA) tokenization. This collaboration incorporates Chainlink’s Data Feeds and Proof of Reserve into the Hedera ecosystem, introducing a secure, transparent, and decentralized data infrastructure for developers.

Hedera Integrates Chainlink Data Feeds

According to a recent announcement, Hedera has adopted Chainlink Data Feeds to enhance the security and transparency of its DeFi applications and tokenized real-world asset platforms. The integration ensures that developers on the Hedera network gain access to accurate, tamper-proof market data critical for building decentralized financial products.

By using Chainlink’s decentralized oracle networks, Hedera developers can fetch reliable off-chain data for various applications. These include automated market makers (AMMs), lending protocols, and decentralized exchanges (DEXs). This infrastructure eliminates risks of data manipulation, improves risk management, and promotes liquidity in DeFi markets.

The integration also strengthens Hedera’s ability to attract institutional users who require data verification systems for financial operations. This collaboration addresses long-standing challenges of trust and scalability in top DeFi protocols.

Proof of Reserve Enhances Transparency for Tokenized Assets

Chainlink’s Proof of Reserve (PoR) functionality has been integrated into the Hedera network to support the collateralization of tokenized assets. The tool provides real-time, on-chain verification of reserves. This ensures that tokenized RWAs are fully backed by their corresponding underlying assets.

The PoR feature fetches reserve data from custodians and publishes it on-chain, allowing developers and users to access information instantly. This automated verification reduces risks associated with undercollateralized assets and enhances trust in tokenized financial products. Additionally, the decentralized nature of PoR eliminates single points of failure, ensuring transparency and security.

More so, this integration, makes the tokenization process accessible for businesses seeking to leverage blockchain technology for asset management.

Chainlink SCALE Program Supports Hedera Developers

To encourage innovation, the HBAR Foundation has joined the Chainlink SCALE program, which subsidizes oracle services for developers on the Hedera network. The initiative will reduce costs associated with accessing the Oracle network’s decentralized infrastructure.

By participating in the SCALE program, Hedera boosts a developer-friendly ecosystem. This partnership equips developers to build DeFi protocols and tokenized RWA applications while maintaining cost efficiency.

Following the announcement, market activity surrounding LINK and HBAR tokens has increased. Moreover, analysis shows that recent developments have driven positive movements for LINK price with a potential for a rally to $60. Key factors include Coinbase’s integration of LINK’s Oracle network and World Liberty Financial’s $1 million investment, fueling investor confidence.

On the other hand, Hedera price showed a slight reaction to market volatility, with minor upward movement in price. At press time, HBAR price was trading at $0.2881, showing a slight 1.24% decline despite the developments.

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World Liberty Financial, a decentralized finance (DeFi) project linked to Donald Trump, is making strides toward launch. A recent proposal to deploy a new instance of Aave v3 on Ethereum’s mainnet has been successfully approved. The proposal, which passed through the AaveDAO governance process, outlines the creation of a custom-built platform designed to cater to the needs of World Liberty Financial. 

More so, this new platform will provide liquidity for digital assets like Ethereum (ETH), Wrapped Bitcoin (WBTC), and stablecoins including USDC and USDT. The approval marks a step for Donald Trump’s project as it moves closer to operationalizing the platform. As part of the proposal, the platform will be governed by a risk management model built on the Aave v3 infrastructure.

Donald Trump WLFI Proposal Approved by AaveDAO for Ethereum Mainnet Launch

According to a recent report, AaveDAO, the decentralized autonomous organization responsible for governing the Aave protocol, has approved the proposal made by World Liberty Financial to launch an instance of Aave v3 on Ethereum’s mainnet. The proposal, passed on Thursday, outlines that the WLFI platform will initially support Ethereum (ETH), Wrapped Bitcoin (WBTC), and stablecoins such as USDC and USDT for lending and borrowing activities.

The platform will leverage Aave’s existing infrastructure while introducing a customized risk management strategy for managing asset liquidity. AaveDAO will receive 20% of the fees generated from the World Liberty Financial instance, as well as a 7% share of the total supply of WLFI tokens. This partnership will boost liquidity and governance integration between Aave and WLFI, benefiting both platforms as they expand their ecosystems.

Aave’s risk managers will also adjust the supply caps of Ethereum and Wrapped Bitcoin to ensure stable liquidity and enable sustainable borrowing of stablecoins. The governance model for WLFI will allow it to attract new participants to top DeFi projects.

World Liberty Financial Project Invests Millions in Niche DeFi Tokens

In addition to the proposal for launching the Aave v3 instance, World Liberty Financial has made investments in key DeFi tokens. Recent blockchain data shows that the project has acquired millions of dollars worth of tokens, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). 

These investments align with Trump’s commitment to building a DeFi ecosystem, helping ensure liquidity for the planned lending and borrowing platform.

Donald Trump’s project has purchased $35 million worth of Ethereum and Wrapped Ethereum (WETH), along with $1 million each in Chainlink (LINK) and Aave (AAVE). The total investment of $50 million reflects WLFI’s strategy to boost its DeFi presence and integrate various blockchain solutions.

Notably, the purchases have already contributed to price surges in the affected assets, demonstrating market interest. Furthermore, the investment will enhance World Liberty Financial’s capabilities in the DeFi space.

As Donald Trump’s crypto initiative gains traction, the president-elect outlined plans to establish the United States as a leader in the crypto sector. During an interview, Donald Trump emphasized the importance of staying ahead of nations like China in the race for blockchain and crypto innovation. His administration’s focus will include advancing crypto mining, adopting blockchain technologies, and implementing regulatory frameworks that boost growth.

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21Shares has launched four new Exchange Traded Products (ETPs) based on emerging blockchain technologies. The new products are the NEAR Protocol Staking ETP, Ondo ETP, Pyth Network ETP, and Render ETP. Every product is aimed at giving the investors a single point and easy access to various blockchain solutions with legal compliance.

21Shares Rolls Out Four Blockchain ETPs Backed by NEAR, ONDO, PYTH, and RNDR

21Shares has recently launched four new ETPs that are to be based on the emerging blockchain technologies. The NEAR Protocol Staking ETP that is backed by NEAR brings back the staking rewards to yield better returns to the investors. The protocol is a scalable smart contract platform that has deployed decentralized AI to optimize infrastructure and improve the efficiency of the blockchain.

Ondo ETP, supported by ONDO provides exposure to tokenized fixed-income securities. This is done with blockchain to integrate traditional markets with decentralized finance (DeFi). The ETP helps investors to engage with on-chain traditional financial products while encouraging DeFi within the scope of legal frameworks.

Pyth Network ETP Enhances Blockchain Data Reliability

Additionally, 21Shares’ Pyth Network ETP focuses on the PYTH token, central to the Pyth Network’s decentralized oracle system. The network provides high-frequency, real-time market data to blockchains, addressing inefficiencies in data reliability and accessibility. By investing in the Pyth Network ETP, investors support the seamless integration of reliable data into decentralized applications.

This ETP highlights the increasing demand for secure and accurate data solutions in blockchain ecosystems. Decentralized applications are relying more on efficient oracle systems like Pyth to ensure reliability.

More so, the Render ETP, backed by RNDR, supports the Render Network’s decentralized GPU rendering capabilities. This platform enables efficient digital content creation, artificial intelligence (AI) processes, and virtual reality (VR) development through distributed computing. By offering this ETP, 21Shares provides investors access to a platform that transforms computationally intensive operations into decentralized solutions.

Meanwhile, the Switzerland-based asset manager has applied to the US Securities and Exchange Commission (SEC) for permission to launch an XRP ETF, increasing its selection of crypto products. The new fund, “21Shares Core XRP Trust” will replicate the price movements of XRP. 

The launch of XRP ETF only strengthens 21Shares’ already established position in the digital asset market with the Ripple XRP ETP in Switzerland. These developments are in line with the company’s goal of offering multiple investment opportunities.

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Tether has introduced the Wallet Development Kit (WDK), an open-source, self-custodial toolkit for developers to create Bitcoin and Tether (USDT) wallets. Designed to provide financial autonomy, WDK by Tether supports both human and AI-driven entities, enabling them to manage their assets independently. The toolkit focuses on creating resilient wallet solutions that function in both stable and volatile markets, giving users control over their digital assets.

Tether’s WDK Toolkit Enables Self-Custody Wallets for Humans, AI, and Robots

In its latest advancement, Tether, the issuer of USDT stablecoin, has introduced the Wallet Development Kit (WDK), an open-source toolkit for supporting self-custody wallets for both humans and AI entities. The WDK toolkit allows developers to create Bitcoin and USDT wallets that function across a variety of platforms, from mobile devices to AI systems. This fosters seamless asset control for both people and digital entities.

Moreover, WDK offers developers the flexibility to build custom wallet experiences. This toolkit provides a foundation for developers seeking to create advanced, secure wallet solutions for the future, especially in a world where the need for self-custody tools is growing among humans and machine-driven applications.

In addition, WDK is designed with modularity and scalability in mind, allowing it to adapt to different platforms. This adaptability gives developers the freedom to create wallet suited to their unique needs.

Supporting both Bitcoin and USDT, WDK is suited for different operating environments, from everyday applications to more complex digital landscapes. Concurrently, Tether’s open-source design encourages contributions, allowing developers to build and expand on its capabilities.

Commenting on this major development, the stablecoin issuer CEO said,

“With WDK b Tether we can build programmable, open, and resilient monetary systems that connect people, machines, robots, families, communities, AI agents, societies, and even planets, to remain in control of our financial destiny.”

WDK’s Future Support for Blockchains

WDK plans to extend compatibility to all blockchains supported by Tether’s stablecoins. This expansion will broaden USDT’s interoperability, making it a versatile choice for cross-chain developers. Additionally, Tether CEO Paolo Ardoino added that they will soon offer UI templates, streamlining the deployment of wallet solutions on all platforms.

With these future enhancements, WDK will provide a comprehensive toolkit for building robust, decentralized wallet applications across the blockchain. This compatibility will help developers address the rising demand for decentralized financial tools in both traditional and emerging digital environments.

In addition, this development comes as the stablecoin issuer continues its minting spree. The stablecoin provider injected over 6 billion USDT even as CEO Paolo Ardoino recently explained the movements by their treasury. According to whale alert, Tether moved 2 billion USDT to its treasury sparking speculations in the community. This particular move was followed by other massive movements from its treasury to the Binance crypto exchange. 

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SynFutures, a decentralized derivatives trading platform, has introduced its latest offering, the Perp Launchpad. This launch will expand access to perpetual futures markets in the DeFi space. With a $1 million grant program to support emerging token projects, the protocol will establish perpetual markets as a key element in DeFi, offering projects new opportunities for liquidity, visibility, and user engagement.

SynFutures Unveils Perp Launchpad With $1M Grant

In a recent update, SynFutures launched its Perp Launchpad, a new platform designed to help crypto projects create perpetual futures markets. This initiative targets DeFi projects, enabling them to establish ongoing futures trading for their tokens and increase market engagement. The launch includes a $1 million grant to support emerging token projects through liquidity and marketing resources.

With perpetual futures, tokens can remain actively traded without set expiration dates, offering opportunities for leveraged positions and hedging strategies. Unlike conventional launchpads focusing on spot markets, the Perp Launchpad uniquely supports derivative-based trading. This allows access to emerging DeFi tokens and increased engagement through futures contracts.

Perp Launchpad Expands Access To Derivatives Markets on Base

The initial rollout of SynFutures’ Perp Launchpad is set on Base, an Ethereum Layer 2 network known for its low transaction costs and scalability. Consequently, SynFutures will enhance access to derivatives markets for new tokens in a growing DeFi ecosystem. This launch offers projects the capability to establish trading pairs directly on Base, where trading demand for various DeFi tokens continues to grow.

As a part of its ongoing development, the decentralized derivatives protocol has forged partnerships with projects like Lido and Solv Protocol, contributing to over $23 billion in cumulative trading volume on Base. This integration facilitates liquidity and diverse trading options within derivatives markets for its user base.

Additionally, the Perp Launchpad will open the door for a wider range of assets, including long-tail tokens and popular memecoins. More so, the decentralized derivatives protocol enables emerging projects to access additional trading opportunities and liquidity channels. The launchpad is particularly attractive to tokens that may not have established liquidity in traditional markets.

In addition, SynFutures has included incentives such as trading competitions, designed to attract users to its on-chain derivatives markets. 

Since the expansion of its V3 protocol, SynFutures has supported initiatives like the DAO Perps Program and the Meme Perp Summer to enhance its DeFi footprint.

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The TON Foundation has teamed up with decentralized exchange Curve Finance to foster a novel TON-based stable swap project. This initiative is set to facilitate enhanced stablecoin trading on the TON blockchain. The collaborative effort aims to use Curve’s Constant Function Market Maker (CFMM) technology, which is acclaimed for reducing the price impact on stablecoin swaps.

Following this news, CRV and Toncoin price rallied in the last 24 hours, indicating a positive market response to the partnership.

TON and Curve Finance Stablecoin Collaboration Spurs Toncoin Price Surge

The partnership between the TON Foundation and Curve Finance marks a significant development in the DeFi sector, aiming to enhance the trading experience on the TON blockchain. 

In addition, this collaboration will integrate Curve’s CFMM technology into TON’s stable swap project. This move will streamline stablecoin transactions by reducing associated price impacts and slippage. The initiative promises a more fluid trading environment, potentially increasing user adoption and trading volume on the platform.

As part of this alliance, an independent team advised by Michael Egorov, founder of Curve Finance, will develop the new stable swap feature. This development will foster innovation and provide infrastructure for stablecoin exchanges, making it a cornerstone for future projects.

Enhancing DeFi Accessibility with Advanced Tech

Curve Finance’s CFMM technology is renowned for its efficiency in managing price stability and reducing slippage during asset exchanges. By incorporating this technology into the blockchain, the partnership broadens the accessibility of DeFi operations. This technological integration is aimed at attracting new users who are looking for efficient trading platforms.

More so, the expected reduction in price volatility and improved transaction speeds could lead to increased liquidity and stable trading conditions. These factors are crucial for the sustained growth of TON’s ecosystem.

Market Response and Future Outlook

The announcement of the collaboration has already had a positive impact on the market, with Toncoin price and CRV experiencing significant rallies. The integration of advanced CFMM technology could further enhance these gains as the project moves from incubation to full deployment.

As stablecoin trading continues to play a role in the crypto economy, initiatives like this foster growth in the sector. Additionally, today, Circle announced the launch of USDC on the Sui network with the stablecoin now spanning 15 blockchains.

At the time of writing, the price of Curve DAO Token (CRV) has seen a 5% rise, reaching $0.2735, while Toncoin price has increased by 2.31%, hitting $5.52. Concurrently, Toncoin trading volume has grown by 8.84%, amounting to about $249.89 million. This activity reflects a growing interest for both tokens in the market. 

More so, recent price analysis have hinted at the possibility of Toncoin price prolonged rally past the $8 mark and setting a new all time high. Further coinpress analysis have highlighted the three reasons that might see TON price break the $10 Barrier by Q4.

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IoTeX is a decentralized physical infrastructure network that has now partnered with Polygon Labs to integrate its 2.0 blockchain with AggLayer.

The collaboration was announced by addax CEO and co-founder Raullen Chai, together with Polygon co-founder Sandeep Nailwal, at the event R3al World in Singapore on Tuesday.

IoTeX, Polygon Partner to Enhance DePIN Adoption with AggLayer

The integration will leverage AggLayer’s cross-chain communication and liquidity-sharing functions to allow IoTeX-based projects to issue rewards and to give users more choices to settle a transaction on their preferred blockchain.

The company is integrating with AggLayer to extend cross-chain capabilities, unlocking new liquidity and scaling opportunities for DePIN projects. This partnership provides the connecting layer across various ecosystems, empowering DePIN projects to thrive in a multichain environment.

AggLayer is an interoperability layer currently under development by Polygon Labs and others, offering unified liquidity and security across blockchains. Polygon was recently chosen as one of the top Ethereum L2 projects for 2024, known for its robust and scalable solutions for Ethereum transactions.

AggLayer uses zero-knowledge proofs so that problems in one chain do not bleed into the funds or operations of other chains. Zero-knowledge is the concept whereby a party can prove to another party that something is indeed the case without necessarily showing them the data behind that fact. This increases privacy and security for blockchain transactions.

The important thing to underline is that all the above-mentioned possible utilities depend upon community consensus. In every moment, Polygon ensured that this expansion of POL’s functionality, especially inside the AggLayer, is made according to the will and consent of the community.

In July, the company released an IoTeX 2.0 white paper, stating the tech stack would be composed of composable modules and a unified trust layer to take DePIN adoption one notch higher. Such a stack shall be underpinned by a token economy linking DePIN dApps, Layer 2 chains, and devices. Infrastructure shall allow developers to easily integrate with AggLayer, which will enable users to engage with DePIN applications built on different blockchains.

Fueling DePIN Growth

Polygon Labs announced the blockchain aggregation layer in January this year for aggregating several chains into one to offer aggregated liquidity across chains.

Among projects utilizing or set to utilize the Polygon Content Deployment Kit, generally known as the Polygon CDK, to build their Layer 2s and bridge into AggLayer, are OKX’s X Layer, Immutable, Astar, Canto, Palm Network, Aavegotchi, IDEX, Nubank, and Manta Network, in addition to Polygon’s own PoS chain.

In July, Movement became the first Move-based network to be admitted into AggLayer on its quest to fill the interoperability gap between the Move and EVM ecosystems.

Just last week alone, crypto hardware maker Fabric Cryptography announced a deal with Polygon Labs to bring its bespoke ZK chips into the AggLayer ecosystem.

A number of projects in the Polygon ecosystem have already been leveraging IoTeX’s infrastructure, such as the geospatial data network Geodnet, and vehicle data monetization platform Dimo.

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The blockchain security company Cyvers has reported a security leak in the decentralized finance (DeFi) protocol DeltaPrime, which operates on the Arbitrum network.

The Cyvers estimates the loss in the incident to be four and a half million dollars at first, however, after it was reported that the funds had been transferred from DeltaPrime’s DeFi liquidity pools to the “suspicious address,” the loss was recorded as 5.93 million doll.

DeltaPrime DeFi Hacked on ARB Chain: Millions in Crypto Stolen

One of the cybersecurity companies stated that there was “multiple suspicious transactions” related concerning DeltaPrime on ARB chain. Reportedly, the administrator of the protocol’s system lost possession of the personal secret key which is the gateway to the smart contracts on the platform. Because of this breach, the intruder could alter the proxy smart contract and leverage it.

Some of DeltaPrime’s DeFi liquidity pools, such as DPUSDC, DPARB, and DPBTCb suffered due to loss of assets. Cyvers also noted that the suspicious address has begun to exchange USDC tokens to Ethereum (ETH). This news comes hot off the trail of an incident in mid-July where cross chain DeFi protocol Li.Fi, the project was entirely suspected in the disappearance of nearly 11 million dollars in cryptos as a result of an exploit. At that time, reports indicated that the extended address relating to the hacked hands contained in no less than 6 million ETH coins and many stablecoins.

In another situation that occurred earlier in August – an additional fifteen million dollars were stolen from the cross-chain gaming orientated bridge Ronin which is developing a similar strategy for rebuilding its total value.

$5.7M in Stolen Axie Infinity Funds Frozen by Norwegian Authorities

After the recent investigations into the Ronin bridge hack, one update Sky Mavis shared on the X platform was important. The Norwegian judicial agency Kokrim could freeze assets related to the Ronin Bridge theft amounting to $5.7 million.

To the affected communities within the Ecosystem of Axie and Ronin, this achievement constituted a significant milestone in seeking accountability and compensation. While this information marked a certain conclusion to depressing events for the community, the interest in more information regarding the return of the assets remained very high.

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Coinbase’s native layer 2 network Base has surpassed 4.2 million daily transactions, according to data from Coin98Analytics. Arbitrum came closest with 1.3 million transactions followed by Ethereum with 1.1 million transactions. The L2 network reached an all time high of 4.4 million transactions on September 9, four times ahead of Ethereum, its mainnet network. 

Base’s Scalability and Developer Appeal

It’s scalability and low transaction fees are key factors driving its success in L2 networks. These features makes it an attractive option for developers, leading to a surge in consumer applications. 

The platform generates additional revenue through gas fees, creating a positive loop as more users engage with Base-based apps. Base handles more transactions compared to Ethereum hence easing congestion on Ether main net. It has been under criticism for its underperformance this year with failing transactions and ETH price drop.

Rising Activity in dApps and DeFi

The surge in its transaction volume reflects the growing activity in decentralized finance and applications. Insights from Dune Analytics show that apps like Uniswap, Thirdweb, USDC, Basename, and Zora are driving the growing activity, collectively accounting for 63.7% of users on the Base network. 

The increasing number of transactions on the network indirectly affects Ethereum, leading to a higher demand for blockspace and potential gas fee increases. However, Ethereum’s scalability allows it to handle surges from Base’s activity effectively.

Base’s growing transaction volume is also evident in the performance of key coins on its network. According to CoinGecko, LayerZero holds a market cap of $382.2 million, while USDC maintains a stable $35 billion market cap. Brett has also seen significant growth, with a market cap of $737.3 million, reflecting strong investor confidence in Base’s expanding ecosystem.

Future as a Leader in Layer 2 Solutions

With over 4 million daily transactions and support from Coinbase, Base continues to dominate the Layer 2 space. Its growing user base, low fees, and innovative approach position it as a key player in Ethereum scaling. 

Base’s success in the DeFi and dApp sectors signals a promising future in the Layer 2 race, outpacing its competitors and driving forward the development of Ethereum’s ecosystem.

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AAVE, the native cryptocurrency of the decentralized finance (DeFi) protocol Aave, has seen a massive surge in whale activity recently. As a result, the AAVE price has shot up by 8% in the last 24 hours moving all the way to $135 levels.

AAVE Price Shoots 8% Amid Whale Activity

As per the recent data from Spot On chain, two AAVE whales have withdrawn a staggering 67,197 AAVE tokens, valued at $9.02 million from crypto exchange Binance in the last 24 hours.

Two whales, identified as 0x3f9 and 0x64c, that likely belong to the same entity, withdrew 16,592 AAVE tokens worth $2.22 million for the first time about 50 minutes ago. On the other hand, another address 0xa92 withdrew a total of 50,605 AAVE tokens valued at $6.8 million some 20 hours before. Thus, the total withdrawals for AAVE stand at 125,605 tokens, worth a staggering $16.9 million.

The significant whale activity comes as AAVE has been gaining traction due to its new economic model. Since late July, the AAVE price has surged from $90 to $143, making it one of the top-performing DeFi tokens in the market.

Three whales have withdrawn 67,197 $AAVE ($9.02M) from #Binance in the past 24 hours!

1. Two whales, 0x3f9 and 0x64c (likely one entity), withdrew 16,592 $AAVE ($2.22M) for the first time ~ 50 mins ago.

2. Multisign 0xa92 withdrew 50,605 $AAVE ($6.8M) ~ 20 hours ago, now… pic.twitter.com/tcCA76Iobj

— Spot On Chain (@spotonchain) September 5, 2024

DeFi token AAVE has actively participated in the crypto market rally with the AAVE price gaining over 142% over the past year. Earlier in March, the DeFi token touched a high of $153.27 before retracing back. Some market predictions also suggest that AAVE will top $200 by September end.

The technical chart shows that the AAVE price has given a breakout from the converging channel pattern and is ready for another 25% all the way to the $168 level. Also, the daily trading volumes have surged by more than 50% which could support the move further. Thus, continued AAVE whale activity can make this possible. World of Charts shared the breakout of AAVE expecting further rally ahead.

Key Developments in the Ecosystem

Aave Labs recently announced its collaboration with MakerDAO for an ambitious project dubbed Sky Aave Force that seeks to bridge the gap between traditional finance (TradFi) and DeFi. Commenting on this collaboration, Aave Labs said: “DeFi protocols have matured, showing resilience and market fit. By working together, DeFi can become the backbone of all finance, enabling unprecedented access and propelling new use cases.”

Another major boost for Aave is that Donald Trump’s DeFi project – World Liberty Financial – will be built atop the Aaave and Ethereum.

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Decentralized trading platform Jupiter Exchange has recently published a detailed report on how Chrome Extension Bull Checker has been stealing tokens from Solana DeFi users over the past few weeks. Over the last week, several users reported losing the tokens leading to a detailed investigation.

Stop Using Chrome Extension Bull Checker

As reported by Jupiter Exchange, the Bull Checker Chrome Extension targeted several users on the Solana DeFi-related subreddits. Besides, it also allowed users to interact with decentralized applications (dApps) as usual, with transactions looking absolutely normal during simulations. However, after completing the transactions, the Chrome extension would maliciously transfer tokens to another wallet without the user’s knowledge.

Thus, Jupiter Exchange confirmed that there’s no vulnerability within the wallets or the dApps themselves, thereby confirming that the issue is solely due to the Bull Checker extension. Although the extension was supposed to be a read-only tool for viewing memecoin holders, it had permission to read and modify data across all websites, a major red flag overlooked by its users. The Jupiter Exchange added:

“After installing Bull Checker, it will wait till a user interacts with a regular dApp on the official domain, before modifying the transaction sent to the wallet to sign. After modification, the simulation result will still be “normal” and not appear to be a drainer”.

“If you have this extension (or similar extensions with extensive permissions you cannot trust), please remove it immediately,” noted Jupiter Exchanges.

Identification Of Malicious Extension
Over the last week, we received reports that a small number of users using Solana DeFi got drained.

After extensive investigation, we have identified a malicious Chrome extension called “Bull Checker” that had targeted users on several… pic.twitter.com/pubayfmD9h

— Jupiter (@JupiterExchange) August 19, 2024

Targeting Solana DeFi and Memecoin Traders

As per the investigation, Reddit account Solana_OG publicized the Chrome extension that was targeting Solana memecoin traders. This account lured the traders into downloading the extensions with the intent of stealing their assets.

Examples of affected transactions reveal that Bull Checker added malicious instructions to legitimate Jupiter and Raydium instructions, leading to the unauthorized transfer of tokens and authority to a malicious address. DeFi protocol Raydium has verified that at least one affected user was using the Bull Checker extension.

Jupiter Exchange has thus advised users to remove other similar extensions with extensive, untrusted permissions, and thus protect their assets. On the other hand, the CBOE removed the 19b-4 application from its website at the SEC’s request thereby reducing the possibility of a Solana ETF in the market.

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The DeFi space has recorded inflows in the first six months of the year with total value locked (TVL) soaring to $94.1 billion, a 72.8% increase. This growth is seen in almost all sectors of the digital asset market as sentiments continue to soar. The crypto market has notched huge institutional inflows following the approval of spot Bitcoin ETFs. 

DeFi Activity Spikes 

Decentralized finance has seen increased volumes this year as the wider market recorded upticks. A recent market update by cryptocurrency exchange Binance shows rising TVL from $54.4 billion to $94.1 billion. This marks a 72% growth in the last six months.

“This growth has benefited almost all areas in DeFi, including mainstream and niche markets, promoting the emergence of various protocols and providing on-chain access channels for previously inaccessible financial primitives… The Web3 gaming sector had a strong first quarter, but in the second quarter, the market capitalization of game project tokens and other altcoin markets fell sharply.”

The wider market rallied to a $2.27 trillion market cap, a year-to-date (YTD) growth of 37%. In Q1 2024, the market cap was over $2.5 trillion soaring 60% from 2023 after renewed interest from investors. Per the report, the last six months have been an airdrop season in layer 2 chains. Particularly, incentivized programs raised the TVL to $43 billion marking a 90% growth. 

Stablecoins also saw a similar trajectory staying 14% shy of its 2022 peak before the collapse of Terra. However non-fungible tokens (NFTs) remain volatile as sales plunged.

Also Read: Mt Gox Set For Large Bitcoin Repayment Ahead of Ethereum ETF Launch 

Institutional Investors Ignite Growth 

The activities of centralized market players in the crypto market have increased prices and activity in crypto assets and DeFi respectively. The approval of spot Bitcoin ETFs by the United States SEC created a new investment window for traditional players to increase their exposure to Bitcoin. 

As a result of billions poured in and anticipated bullish upticks, BTC price hit an all-time high above $73,000 before recording a correction. At the moment, Bitcoin trades at $67,235, moving up 6.5% in the last seven days.

Also Read: Shytoshi Kusama Spotlights Shiba Inu’s TREAT Token Blunder 

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Crypto Hack: LI FI, a cross-chain transaction aggregator, has recently suffered a security breach. Cybers Alerts has reported some transactions as potentially fraudulent and has recommended that users should cancel them. The hacker has withdrawn over $9.7 million, mostly in stablecoins, and is swapping USDC and USDT for ETH.

LI FI Cross-Chain Aggregator Suffers $9.7M Breach

According to a report by Cybers Alerts, the LI FI breach is associated with the Ethereum address 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae. Per the announcement, this address should not be approved by the users, and approvals should be withdrawn as soon as possible. The current impact of the attack has been estimated to be around $9.73 million of user funds.

#CertiKInsight

Our alerting system has flagged multiple suspicious transactions involving EOA 0x8B3Cb6Bf982798fba233Bca56749e22EEc42DcF3

The wallet is currently holding $8.7m worth of assets

We are currently investigating pic.twitter.com/15OXsHeT9Y

— CertiK Alert (@CertiKAlert) July 16, 2024

The majority of these funds are stablecoins like USDC and USDT, which the attacker swaps for ETH.

The LI FI team has recommended to the users not to use any LI FI based applications for now. They have given a list of addresses for which approvals should be withdrawn in order to avoid any further access.

Urgent Revocation of Approvals

In response to the breach, LI FI has identified four additional addresses that require immediate revocation of approvals: The impressions are 0x341e94069f53234fE6DabeF707aD424830525715, 0xDE1E598b81620773454588B85D6b5D4eEC32573e, and 0x24ca98fB6972F5eE05f0dB00595c7f68D9FaFd68.

These addresses have a setting called Infinite Approvals which if active, can pose a risk to the user and must be corrected by removing them with the recommended tools including revoke. cash.

LI FI team is in the process of working on the exploit and therefore has shut down Sharpe Bridge and Sharpe Refuel. Users who have not configured infinite approvals are not affected, and other Sharpe applications are also not affected.

Ongoing Crypto Hack Investigations

The LI FI breach is one of the latest security incidents in the DeFi sector. For instance, the DeFi lending protocol known as UwU Lend was hacked, and the attackers removed about $19.3 million. In this incident, the hacker performed three transactions within six minutes to steal major cryptocurrencies, including WBTC and stablecoins.

Moreover, the recent Squarespace incident has affected over 105 Web3 platforms, including popular projects such as Compound Finance and Celer Network. This breach has impacted many platforms from which we see the necessitation of implementing better security protocols in the crypto market.

Security companies like Arkham and Cyvers have been on the lookout for these breaches. Thus, the LI FI breach has elicited a prompt reaction from the community, with security companies and applications encouraging people to act and secure their funds. The current investigations are in a bid to establish the causes of the exploit thus preventing the occurrence of similar incidents.

Read Also: WLD Price Skyrockets 21% as TFH Announces Token Lockups

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