Wednesday, September 27, 2023
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DeFi activity on the decline, but investment rolls in: Finance Redefined

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.A new analysis by investment management fund VanEck revealed that economic activity in the DeFi sector dropped 15.5% in August. Blockchain Capital, on

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Bitcoin Price Rejected Above $27K amid Spike in Address Activity to This Year’s High

Heightened Bitcoin demand by institutional investors amid the incoming halving event in about six months has kept the bullish narrative alive. Against all odds, Bitcoin (BTC) price rallied above $27K for the first time In September, thus rejuvenating hopes for altcoin bullish sentiment. According to the latest crypto oracles, Bitcoin price

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Friend.tech Drives Up Coinbase’s Base Blockchain Activity

Coinbase’s layer 2 blockchain, Base, which launched in early August, has seen its daily transactions hit an all-time high, according to data from IntoTheBlock. Base saw 1.88 million transactions on Thursday, higher than layer 2 rivals Arbitrum and Optimism combined, which saw 780,000 and 370,000, respectively. “Interestingly, it is not

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DeFi economic activity drops 15% in August —VanEck

The decentralized finance (DeFi) ecosystem has suffered more setbacks in August as on-chain economic activity dwindled. According to an analysis from investment manager firm VanEck, exchange volume declined to $52.8 billion in August, 15.5% lower than in July. The findings are based on VanEck's MarketVector Decentralized Finance Leaders Index (MVDFLE), which

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South Korea Tries to Shake Off the Terra Debacle, With Gaming Dominating Web3 Activity

“From the discussions I had with the major ecosystem players, it did have a huge impact that forever changed the Korean [decentralized finance, or DeFi] ecosystem for institutions,” Hoon Kim, the chief technology officer at blockchain project Astar, told CryptoX. “It made it harder for the retail investors to look

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