📣 Memereum Stands Out In The Rapidly Evolving World of DeFiMemereum, a DeFi project revolutionizing the world of DeFi with its groundbreaking approach to trading, is launching a decentralized exchange (DEX). The DEX, known as MemeswapBETA, is set to redefine how users interact with and secure their digital assets by offering a unique combination of security and user control. It offers an insurance mechanism that ensures that assets are protected from any risks.

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🪙 Ethereum (ETH) Staking Surges $1.8 Billion as DeFi Investors Anticipate ETF InflowsEthereum price reached an Q2 2024 peak of $3,974 on May 27 after the US SEC approved spot ETH ETFs, however recent staking trends show that investors are anticipation more bullish action within the broader DeFi markets. Since the approval of Ethereum ETFs, ETH price action has been choppy, thanks to uncertain macro economic landscape. But looking under the hood, there has been a positive shift in ETH 2.0 Beacon Chain staking activities.

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💰 DeFi Technologies to Launch Validator Node and Stake $100M in BTCToronto-based digital asset company DeFi Technologies is set to launch a validator node on Core Chain and stake nearly $100 million in Bitcoin (BTC). Through its subsidiary Valour, DeFi Technologies will not only validate transactions but also receive staking rewards for its participation, the firm said in a Tuesday press release. “This approach offers our investors unique exposure to yield and growth within the digital asset space.”.

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*📣 IOTA debuts layer-2 solution to bridge defi with real-world assets*The IOTA Foundation has announced the launch of IOTA EVM, a layer-2 solution for the network designed to enable smart contracts functionality to expand the ecosystem’s capabilities in the decentralized finance (defi) space. IOTA Foundation revealed that blockchain developers can now deploy Solidity-based smart contracts on the IOTA network, a move aimed at bridging the gap between the IOTA and Ethereum ecosystems, enhancing IOTA’s capabilities.

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*🪙 *Uniswap Vote Delay Shows DeFi Stakeholders Aren't All in It TogetherUniswap Foundation announced it was delaying a key vote on whether to upgrade the protocol’s governance structure and fee mechanism to better reward holders of the UNI governance token. The nonprofit cited concerns from a “stakeholder,” thought to have been an equity investor in the organization behind the largest Ethereum-based decentralized exchange.

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*🪙 *Uniswap Foundation postpones vote on incentivesThe Uniswap Foundation — the organization overseeing the decentralized exchange Uniswap — has postponed May 31’s highly anticipated vote on UNI staking and delegation rewards. The foundation announced on X that it postponed the vote due to a concern raised by a stakeholder. This prompted a more thorough review and examination of the proposal, leading to a delay in the decision-making process.

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📊 DeFi Protocol Ethena Labs’ ENA Token Goes LiveEthena Labs, a decentralized finance (DeFi) platform renowned for its $1.3 billion yield-generating USDe token, has initiated the distribution process for its latest governance token, ENA. In a recent announcement on X, Ethena extended an invitation to USDe holders to claim their portion of the 750 million ENA tokens allocated for airdrop, constituting 5% of the total token supply. These tokens are slated to be listed on centralized exchanges.

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📊 DeFi Protocol Cega's New Options Product Marries Gold, Ether to Offer Up to 83% YieldDecentralized finance (DeFi) projects are continuing to develop structured products, which offer decent returns, market exposure and protection from losses and were previously available only to institutional investors in traditional markets. Last week, derivatives protocol Cega unveiled Gold Rush, a basket options strategy involving the Ethereum blockchain's ether (ETH) token and Tether's gold-backed {{XAUT}} as underlying assets alongside a safety component that protects users' capital from a 30% drop in the assets' prices.

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📣 DeFi hub Chainage seeks tokenholder approval for $13M capital raiseDecentralized finance service provider Chainage, with around $100 million in total value locked, is seeking to raise $13 million for protocol expansion, contingent on tokenholders’ approval within its native decentralized autonomous organization (DAO). According to the April 1 snapshot proposal, the $13 million raise, led by an unknown venture capital firm, will result in the issuance of 50 million additional XCHNG protocol tokens, representing approximately 10% of Chainage’s circulating supply.

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📊 Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study FindsIn the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast, centralized finance platforms reported no incidents of hacking or fraud in the first three months of the year.

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