The Defiant
DeFi and decentralized finance news and analysis
OhBaby Games NFT Mint Offers GameFi Bulls a Glimmer of Hope
OhBaby Games launched its flagship NFT collection, the OhBaby Pass, on October 8, achieving a remarkable 500% surge from its initial mint price of 0.1 ETH ($410) to a peak of 0.5 ETH ($2,000) shortly after the mint, before stabilizing at 0.42 ETH. This comes at a time when the crypto gaming sector has been facing significant struggles, with the total market capitalization plummeting to $12.5 billion, down from a high of $14 billion during the 2021 metaverse boom. Despite the overarching challenges, OhBaby Games aims to revitalize the space with its innovative approach, integrating on-chain assets into its gaming ecosystem, which could signal a potential recovery for the beleaguered GameFi market. Founder Pasteur Tran expresses optimism for future growth, emphasizing the untapped potential within crypto gaming and hinting at further on-chain integrations to come.
Crypto Continues to Offer Superior Returns and Diversification: Franklin Templeton
Franklin Templeton's latest report highlights the compelling performance of digital assets, which have outperformed traditional markets in eight of the past eleven years, attributing this trend to rising institutional adoption and innovative tokenized products. The digital asset market has surged...
UMBRA Trades 5X Above ICO Price After Oversubscribed Raise
Umbra, a new privacy protocol on the Solana blockchain, has seen its native token, UMBRA, trade nearly five times above its initial coin offering (ICO) price of $0.30, reaching around $1.30 shortly after launch. The ICO, which concluded on October...
Metamask to Integrate Polymarket
Metamask, the leading Ethereum wallet by Consensys, has announced a strategic integration with Polymarket, the largest on-chain prediction market, enhancing its offerings in decentralized finance (DeFi). The partnership, alongside the introduction of in-app perpetual futures and a forthcoming rewards program,...
Russia’s Central Bank Considers Tokenizing Russian Stocks, But for Foreigners
Russia's Central Bank is exploring the possibility of tokenizing domestic company shares to facilitate foreign investment, despite ongoing sanctions from the EU and U.S. The initiative, announced by Bank of Russia first deputy governor Vladimir Chistyukhin, hinges on the cooperation...
MetaDAO Community Votes Against VC Discount in $6M OTC Deal
The platform’s founders warned earlier that without new funding, MetaDAO would have only 24 months of runway.
Safe Labs Takes the Reins of Popular Multi-Signature Wallet
The SAFE token is down 23% amid a widespread crypto selloff.
Tether Co-Founder’s Stablecoin USST Depegs Hours After Launch
The new stablecoin from the STBL protocol fell below its $1 peg shortly after going live, highlighting challenges for liquidity.
Sorare Migrates to Solana, Abandoning Ethereum L2 StarkEx
The NFT fantasy sports platform is switching from L2 StarkEx to Solana, promising faster, cheaper, and more open ways to trade player cards.
Larva Labs Art Blocks Auction Surpasses $30,000
The creators of Cryptopunks and Autoglyphs just wrapped up Art Blocks’ curated series with a new release, Quine.
Crypto Markets Stall as Traders Bet Government Shutdown Will Extend Into November
Crypto markets hold out around $4.2 trillion as traders increasingly bet the U.S. government shutdown could last into next month.
‘Made in China’ Tokens Outperform Broader Crypto Market
BNB, Mantle, and Aster lead gains amid a renewed memecoin frenzy on BNB Smart Chain.
Ethena Partners With Jupiter to Launch Solana-Native JupUSD Stablecoin
The new token will eventually replace $750 million worth of stablecoins in Jupiter’s liquidity pool.
Meteora Details Tokenomics for Upcoming MET Launch
Part of the project’s long-planned post-FTX comeback, the token will have 20% of its circulating supply allocated to former Mercurial stakeholders.
Doodles Token Hits Record High After Korean Debut
DOOD, the token tied to the Doodles NFT collection, soared to a new high after Upbit listed the asset with KRW and USDT pairs.
Plume Reveals Plans to Acquire Dinero
The deal brings liquid staking products and compliance infrastructure to Plume’s real-world asset blockchain.