DeFi

Innovative Solana Protocol Launches Tool for Longing Heavily Shorted Tokens

Wednesday. August 21 at 4:00 PM

1 min. read

A new app by the Solana protocol, originally designed for shorting memecoins, is set to launch a tool that enables users to go long on heavily shorted tokens. The Dumpy.fun protocol, inspired by the successful Solana memecoin deployer pump.fun, announced the upcoming release of a short-squeeze tool named 'squeezy.lol' on Aug. 27. This tool aims to introduce a 'new era of PVP' trading, encouraging aggressive player vs. player trading common in memecoins. The platform will allow traders to take the opposite side of dumpy.fun users through the 'squeeze explorer,' identifying the most shorted memecoins. This tool will enable investors to identify heavily shorted assets and potentially trigger a 'short squeeze.' Dumpy.fun currently supports 11 memecoins and plans to introduce permissionless listings for users to short new tokens of their choice.

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Integration of Digital Banking Data into DeFi by Pyth and Revolut

Thursday. January 9 at 5:00 AM

Pyth, a decentralized data infrastructure provider, has partnered with fintech banking company Revolut to integrate digital banking data into decentralized finance (DeFi). Revolut will share its digital asset price data on Pyth Price Feeds, allowing DeFi developers to use asset quote and trade data. In exchange, Revolut will provide its proprietary digital asset price data to support Pyth's decentralized applications. This collaboration signifies the blurring lines between traditional finance and Web3, according to Mike Cahill, CEO of Douro Labs and a core contributor to Pyth. The integration showcases the increasing connection between traditional finance and DeFi, laying the groundwork for a global financial market. Through this partnership, DeFi developers gain access to over 500 real-time feeds covering various assets. Revolut's expansion of its crypto offerings, including the Revolut X platform, across the European Economic Area, is seen as a natural progression.

DeFi

Strategic Investment in Solana Blockchain

Wednesday. January 8 at 9:00 PM

Sol Strategies, a Canadian holding company, has secured CAD $25 million (approximately $17 million) to invest in the Solana blockchain. The company has drawn down $4 million from the credit line to support its SOL staking operations. The credit agreement, provided by Chairman Antanas Guoga, offers access to a CAD $25 million credit facility for purchasing Solana tokens. Sol Strategies aims to enhance its stake in the Solana blockchain and become a major staker. The company plans to use the funds to support DeFi protocols, improve validator operations, and provide liquidity to Solana-based projects. The flexible credit facility allows funds to be drawn until January 6, 2027, with a 5% interest rate. Sol Strategies recently rebranded from Cyberpunk Holdings to focus on Solana investments. The company's strategic move mirrors other firms investing in specific cryptocurrencies. Despite a recent price dip, Solana's open interest hit a record high, indicating strong market interest.

DeFi

Ether Price Prediction and Market Analysis

Wednesday. January 8 at 6:00 PM

According to Dr. Sean Dawson, head of research at options DeFi protocol Derive, Ether's price could potentially reach $12,000 this year, marking a 257% increase from its current value. This surge is attributed to factors such as Donald Trump's presidency and Ethereum's upcoming Pectra upgrade. Dawson emphasized the importance of Ethereum's success with the upgrade and a favorable regulatory environment under the Trump administration for sustained growth. The market currently shows Ether trading at around $3,363. Additionally, the article discusses Ethereum's Pectra upgrade, expected in 2025, and the need for broader adoption and utility in various sectors. While bullish sentiment prevails in the options market, caution is advised as Ether's price could decline below $2,000 in a bearish scenario. The article also highlights the increasing number of long-term Ether holders compared to Bitcoin holders, indicating growing confidence in ETH.

DeFi

Innovative DeFi Protocol Superseed Revolutionizes Financial Inclusion

Wednesday. January 8 at 2:00 AM

Superseed, a DeFi protocol, is nearing its mainnet launch and token generation event, aiming to address the issue of inclusivity in decentralized finance. Many DeFi protocols struggle with ensuring all participants benefit equally from the system. Superseed tackles this challenge by introducing self-repaying loans and innovative revenue distribution mechanisms. By prioritizing fairness and practicality, Superseed aims to dismantle existing barriers in the DeFi space. The project's unique approach involves utilizing diverse revenue streams, daily auctions, and a community-owned model to ensure users directly benefit from the protocol's success. Through initiatives like the ongoing Supersale and the upcoming mainnet launch, Superseed emphasizes community ownership and equitable participation. By channeling protocol revenue into repaying user debts, Superseed sets a new standard for inclusive financial models in the DeFi ecosystem.

DeFi