Singapore, Singapore, 18th September 2024, Chainwire

dYdX's move into prediction markets could significantly boost DeFi's appeal and market share by offering unique, leveraged trading opportunities. The post dYdX prepares to bring perpetual futures to prediction markets appeared first on Crypto Briefing.

dYdX is expanding into prediction markets with perpetual futures, introducing permissionless market listings. CEO Charles d'Haussy emphasizes the need for distinct features in DeFi.

Decentralized finance needs to develop a unique offering relative to centralized venues, dYdX Foundation CEO Charles d'Haussy said.

TL;DR PancakeSwap launches its first prediction bot on Telegram to predict BNB prices. The celebration campaign includes a drawing for $4,444 in rewards on September 22. The bot allows predictions to be made every 5 minutes with a minimum stake of 0.001 BNB.

Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.

dYdX has announced the integration of the Keplr Wallet, allowing over 1 million users to access its decentralized trading platform across more than 130 markets. This collaboration between dYdX Chain and Keplr simplifies the onboarding process, letting users connect their wallets and start trading in just three clicks.

Keplr's integration with dYdX will allow Keplr users to interact directly with dYdX's decentralized trading platform while retaining full control of their assets.

Amid the broader volatility, the DeFi tokens are making news with a potential breakout rally ahead. With the Uniswap team under pressure from the CFTC team and the fine of $175,000, PancakeSwap takes an interest in smart money.

This reduced its total supply by 9,171,676 CAKE tokens, equivalent to a staggering $15 million. Token burns like these are a critical part of PancakeSwap's tokenomics, helping to manage the supply of CAKE.

PancakeSwap has seen the price of its native token rise slightly after the multi-chain decentralized exchange announced it had burned more than 9 million of the tokens. The price of PancakeSwap (CAKE) rose by about 2.3% following the announcement.

Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.

dYdX has embarked on a recovery push amid growth in buying pressure, but a cluster of sell orders threatens its potential for further rise.

Despite the top names like Bitcoin and Ethereum struggling for a bounce back, the altcoins are back in action. Amid the top performers, the DyDx price trend teases a breakout run for a high-momentum bull run worthy of igniting FOMO among traders.

The cryptocurrency landscape is proving to be a mixed bag. While some digital assets are experiencing bullish momentum, others like DYDX are enduring significant price setbacks.

The history of the decentralized exchange PancakeSwap

Amidst the increasing broader market volatility, altcoins maintain a polarizing approach. While some ride the bullish highway, altcoins like DYDX have witnessed a massive price drop over the weeks. As the downtrend continues, the following support levels are potential buying spots to capture the bottom.

The integration enhances user access to secure, efficient staking, bolstering participation in the blockchain ecosystem and expanding market reach. The post P2P.org integrates with Leap Wallet, enables users to stake DYDX and TIA appeared first on Crypto Briefing.

Decentralized finance platform dYdX has announced major updates coming this fall, marking the platform's most significant upgrade since its inception.

Decentralized exchange Dydx has announced a significant upgrade to its chain, introducing new features designed to enhance market liquidity and security. The update, set for release this autumn, marks the largest change to the Dydx Chain since its launch.

TL;DR New Update: dYdX Chain will launch the dYdX Unlimited upgrade this fall, allowing for market listing without governance approval. MegaVault: MegaVault, a liquidity pool, is introduced that will allow users to deposit USDC to provide liquidity and share in protocol revenue.

dYdX announces updates to its chain, including a master liquidity pool that will provide liquidity for all markets across its network.

Decentralized Finance (DeFi) protocol dYdX has announced a major upgrade coming to its Chain. The launch is scheduled for later this autumn and will bring a suite of new features to the protocol.

The dYdX Chain update adds permissionless market listing and MegaVault for better liquidity.

Decentralized exchange dYdX ($DYDX) will release a significant upgrade this autumn, introducing features like permissionless market listing, MegaVault, and permissioned keys.

dYdX chain plans to allow users to list a wide range of token markets without asking for governance approval.

dYdX announces the fall release of dYdX Unlimited, introducing permissionless market listing, MegaVault, an affiliates program, and more.

This burn event represents a substantial reduction in the circulating supply of CAKE. It is expected to have a positive impact on the token's value over time by decreasing supply.

dYdX Chain will integrate Skip Protocol's Market Map this month, enhancing market parameters and ensuring safety. Governance vote required.

dYdX announces MegaVault, a feature enabling USDC deposits for liquidity provision and yield generation, with automated market-making strategies across various markets.

TL;DR PancakeSwap has launched the beta version of its Quest platform, designed to simplify interaction with quests in the DeFi ecosystem. Quest unifies the management of its campaigns and those of its partners, addressing fragmentation in the DeFi ecosystem.

It breaks significant support $0.2185 after a long consolidation. It lost more than 20% from the previous days close and hit a fresh all-time low.

TL;DR The dYdX community has approved the distribution of $5 million in $DYDX tokens for traders, as part of Season 6 of the Chaos Labs Launch Incentives Program. A vote was held to update the RNDR-USD market parameters and to upgrade the Chain software to version v5.2.0.

PancakeSwap announces a major airdrop of 2.4 million ZKsync tokens to reward its community.

PancakeSwap has so far burned more than 78 percent of the total CAKE supply to date, thus significantly increasing the value of the existing coins.

Just months after Wormhole's airdrop in April, the cross-chain project will unlock a third of its token's circulating supply this month: 600 million tokens at a current value of about $180 million.

Decentralized finance (DeFi) relies on the power of its users. dYdX, with its commitment to community governance, stands out as a prime example.

dYdX, a prominent crypto exchange, announced on July 23 that its version 3.0 website had been compromised.

dYdX's domain suffered multiple DNS hijacking attacks due to vulnerabilities in Squarespace's OAuth and account recovery protocols, highlighting broader security concerns.

The developer of the decentralized finance (DeFi) exchange dYdX is reportedly negotiating the sale of its derivatives trading software for an undisclosed amount.

dYdX price, a layer-2 decentralized exchange operating on a proof-of-stake blockchain, has experienced a notable price dip in the past 24 hours. The token is trading in a descending trend following market corrections, indicating a bearish trend.

Decentralized cryptocurrency exchange dYdX announced that one of its on-chain trading services had been compromised after an attacker installed a token-draining program on dYdX v3's official website.

This incident is part of a broader wave of DNS hijacking attacks targeting DeFi platforms that use Squarespace for domain management.

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TL;DR DYdX Website Restored After DNS Hijacking Attempt: On July 23, DYdX swiftly restored version 3.0 of its website following a DNS hijacking attempt. Users are advised to clear their cache and restart their browsers before visiting the site. Crypto Hacks in 2024: Hackers stole $542.

The exchange warned users to clear their browser's cache before visiting the website to avoid accidentally caching the compromised version.

dYdX's breach and WazirX's hack highlight crypto's security challenges, with DYDX declining over 4%.

dYdX Trading Inc. is exploring strategic alternatives for its v3 software to focus entirely on the decentralized dYdX Chain, emphasizing the ethos of DeFi.