Weekly Article Recap: 4/03-4/07

Recapping the Week in DeFi

As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings. 

Elon Musk Twitter Action Sparks Huge Dogecoin Frenzy

On April 3, Elon Musk controversially replaced the Twitter logo with that of the popular memecoin Dogecoin, sparking an immediate frenzy in the cryptocurrency market. This single action saw the price of DOGE increase by almost 30% on the day. Does this boost the chances of Twitter integrating DOGE as a payment option in the near future? 

Find more information in this article. 

Allbridge Hack Response: Bridge Locked, White Hat Bounty, LPs Opened for Withdrawals

The AllBridge team has taken several steps towards the recovery of funds, following the recent $570,000 exploit, including the temporary suspension of the bridge, reopening liquidity pools for users to withdraw their funds, and offering a whitehat bounty to the hacker. 

Get all the information in this article. 

zkSync's Alpha Launch Leads to $150 Million in Deposits Amid Airdrop Hype

With 4.52 TP/s, zkSync has processed over 4.8 million transactions and seen over $150 million in Total Value Locked (TVL) within just two weeks of launch. In a rush to farm the next big airdrop, zkSync has quickly emerged as one of the most popular options. 

More details here. 

Venus Protocol Proposes Delving Into Real-World Assets

Leading BNB Chain lending protocol Venus is considering collateralizing its VAI stablecoin with $20 million in real-world assets (RWA), via proposals from Credix Finance and Steakhouse Financial. A temperature check snapshot vote on the Steakhouse proposal passed unanimously. 

Learn more in this article.

Floki Announce Phase One of FLOKI Card Powered By FCFPay 

Floki announced phase one of Floki Card integration powered by FCFPay. This phase allows users to generate virtual cards and fund them with FLOKI and other popular cryptocurrencies, including stablecoins, across multiple blockchains. 

Find more information about Phase 1 of the FLOKI Card here.

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