DeFi

Solana DeFi Exchange Jupiter Launches Rewards Checker Ahead of $575 Million Airdrop

Thursday. January 16 at 10:00 AM

1 min. read

Jupiter, a decentralized exchange aggregator on Solana, has introduced an airdrop checker for users to check their eligibility for the upcoming 'Jupuary' airdrop. The event aims to expand the Jupiter ecosystem by distributing 700 million JUP tokens, valued at over $575 million. The tokens will be distributed among three groups: 'users' who benefit from Jupiter products, stakers of the Jupiter token, and growth initiatives. Around 2 million wallets are expected to qualify for the airdrop, with a focus on engaging active community members. While not all wallets will receive tokens, those who do will likely contribute to the platform's decentralized governance. The JUP token claim process is set to commence soon, following the success of previous airdrop events in 2024 and plans for another in 2026. Jupiter continues to drive community engagement and growth in the DeFi space.

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Crypto News Update

Saturday. January 18 at 5:00 AM

The Securities and Exchange Commission has charged Digital Currency Group and former Genesis CEO for deceiving investors. Bitcoin-based decentralized finance applications had a successful year in 2024, with a significant increase in value. A report suggests that US President-elect Donald Trump plans to prioritize crypto policies. DCG and Moro agreed to pay $38.5 million in civil penalties without admitting to any violations. Genesis faced financial troubles in 2022 due to a default by Three Arrows Capital. Bitcoin DeFi saw a 22-fold increase in value in 2024, driven by infrastructure development and rising Bitcoin prices. The total value locked in Bitcoin DeFi increased by over 2,000% during the year. Trump is expected to sign an executive order prioritizing crypto upon re-entering office. The order aims to guide regulatory agencies and establish a crypto council to advocate for industry policies.

DeFi

Enhancing DeFi Accessibility and Efficiency

Friday. January 17 at 10:00 PM

Primex Finance is revolutionizing DeFi by combining trading, lending, and leveraged yield farming in a user-friendly platform. DeFi has reshaped finance but faces challenges like fragmented liquidity and lack of integration with real-world assets. Innovations like omnichain DeFi aim to address these issues, yet complex interfaces remain a barrier. Primex Finance stands out with its mainnet launch, offering leveraged yield strategies and a perpetual futures trading terminal. The platform integrates real-world assets like Paxos Gold and USDY, expanding opportunities for users. To attract new users, Primex offers engaging tools like a Telegram-based game. Leveraged yield farming on Primex maximizes returns on low-risk assets, making DeFi strategies more accessible. The platform's success hinges on the adoption of its native PMX token and liquidity mining campaign. By fostering a community-driven ecosystem, Primex aims to create a sustainable DeFi platform for global users.

DeFi

Crypto Industry's Future Outlook

Friday. January 17 at 6:00 PM

Grayscale's managing director of research, Zach Pandl, predicts that the crypto industry will see numerous smaller victories in 2025, following two significant wins in the previous year. These victories include increased institutional adoption, more comprehensive legislation, and the potential for Bitcoin to become a US reserve asset. Pandl also suggests that Bitcoin could reach $500,000 by 2030. He anticipates more institutional adoption from pension and endowment funds, with some already considering allocating up to 5% of their portfolios to crypto. Additionally, Pandl highlights the growing interest in Ethereum and other innovative projects like decentralized finance and artificial intelligence tokens. With the upcoming change in US administration, there is optimism for a more crypto-friendly environment. Overall, Pandl's outlook is positive, emphasizing the industry's potential for growth and institutional adoption.

DeFi