Sei Labs achieves a significant milestone with 5 gigagas throughput on a 40-node network, leveraging the Autobahn consensus protocol to enhance blockchain scalability.
United States President Donald Trump's World Liberty Financial announced another round of investments this week to further build its crypto portfolio.
SEI is showing strong bullish momentum, bolstered by institutional support and market activity.
Donald Trump's World Liberty Financial has taken another bullish step in the DeFi sector with the fresh purchase of SEI. With the rising support from WLFI towards DeFi, the crypto whales are lining up to gather WLFI tokens. As the sentiments improve, is this the beginning of the next bullish domino effect?
World Liberty Fi acquired a small position of Ethereum-based SEI. WLFI tokens are still selling to retail, though occasional whales make $10M investments.
World Liberty Financial withdrew $10 million USDC from Coinbase to buy 200 million WLFI tokens and spent another $125,000 USDC to purchase 547,990 SEI at an average price of $0.228. The transaction which took place on Feb.
Sei Network collaborates with Gitcoin to launch a $750K funding round aimed at supporting impactful projects within its ecosystem. The initiative features two tracks to incentivize consumer-facing and infrastructure innovations.
Altcoins have seen a mixed performance this past week, with some making significant gains while others remain in correction mode. Telcoin (TEL) led the rally with an 88% surge, pushing its market cap past $1 billion, while Sonic (S) jumped nearly 40% despite ongoing struggles since its rebranding.
The dynamic realm of cryptocurrencies is preparing for yet another alarming event that could bring considerable downside pressure to BERA, SEI, AVAX, APT, SAND, STRK, ATH, and XCN tokens. Notably, recent market data flags that the abovementioned assets are preparing for massive token unlocks totaling a staggering $325 million.
The crypto market has shown limited favorability to bulls over the past week. However, certain altcoins continue to register gains driven by external developments.
Over the past week, the DeXe Protocol cryptocurrency — DEXE token — has shown growth despite the overall market downturn. Its price increased from around $14 on January 29 to approximately $24 by February 3.
SEI, has experienced considerable growth and significant volatility since its inception. As of February 2025, SEI is trading at approximately $0.2277, with a market cap of $1 billion and a circulating supply of 4.43 billion tokens.
THORChain's node operators approved a plan to convert $200 million in debt into equity tokens, but community members are raising concerns over its long-term viability.
THORChain suspended THORFi services on January 23 and implemented a 90-day restructuring plan to address debt from its Savers and Lending programs.
While many cryptocurrencies struggle with price declines, DEXE has bucked the trend, emerging as the market's top gainer in the past 24 hours. The governance token has outperformed many leading assets, which have faced losses during the same period.
Thorchain has endorsed a strategy to transform $200 million in debt into equity by issuing a new token, Thorchain Yield (TCY), in a bid to fortify its financial footing. Thorchain Converts $200 Million Debt to Equity in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers programs after amassing considerable liabilities.
Bitcoin slipped to towards low 90s but recovered above 99k after tensions eased.
ThorChain will restructure $200M in toxic debt from ThorFi, paying out creditors with new TCY tokens. Each TCY token will have a nominal value of $1 for each $1 in lost collaterals, but will start trading at $0.10, allowing some creditors to cash out at a loss.
The majority of validators and other governance members voted in favor of converting debt into equity, moving forward with the TCY issuance.
TL;DR THORChain is addressing its $200 million debt by issuing a new token called TCY, converting defaulted debt into equity. TCY token holders will receive 10% of THORChain's revenue in perpetuity, aligning their interests with the protocol's long-term growth.
TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders.
DEXE deviated from the bearish trend that was prevalent within the broader crypto market to post gains on Monday. The native token of DeXe Protocol rallied nearly 17.27% on Feb. 3 to hit an intraday high of $23.
Thorchain community passed a proposal to resolve its debt crisis and plans to convert defaulted debt into TCY equity tokens.
Here is how some of your favorite assets concluded the week.
As RUNE holders awake to more bad news and a plummeting token price, with the passing proposal 6 by a super majority, can the troubled cross-chain swapping protocol “get users liquid again?” THORChain ‘death spiral' On January 24, CryptoSlate reported that THORChain had suspended Bitcoin and Ethereum withdrawals within its lending and savings programs after
TL;DR Sei Foundation launched Sapien Capital, a $65 million fund to finance decentralized science (DeSci) startups on its blockchain. The investment will focus on advanced wearables, scientific data management, and gamification of drug discovery. The SEI token rose 10.5% in 24 hours, trading at $0.328 with a market capitalization of $1.45 billion.
Sei Foundation has unveiled a $65 million venture fund aimed at investments in the decentralized science ecosystem.
The venture fund will exclusively invest in DeSci startups building natively on the Sei blockchain, Justin Barlow told The Block.
The Sei Foundation introduces a $65 million venture fund dedicated to supporting decentralized science startups, aiming to revolutionize traditional scientific research and healthcare.
Here is how some of your favorite assets concluded the week.
Thorchain, the decentralized cross-chain protocol known for its liquidity services, is facing a serious financial crisis. The platform recently paused its lending service, THORFI, following a wave of insolvency concerns.
ThorChain has gained the spotlight for the wrong reasons, as it has suspended its Bitcoin and Ethereum withdrawals. This happens amid its insolvency accusation, which came to light after its $199M debt crisis.
Several events have impacted DeFi projects and exchanges throughout this week. While ThorChain announced insolvency to suspend its operations leaving behind a $93 million deficit, Singapore-based Phemex endured a hack resulting in over $70 million in losses.
Thorchain community members fear the protocol's savers and lending programs have imperiled its future.
Node operators voted to temporarily suspend redemptions for the platform's decentralized finance (defi) offerings, but core developers claim it's business as usual for all other aspects of the network.
Sunny Aggarwal, Co-Founder of Osmosis, believes THORChain's liquidity issues mirror the 2022 Terra Luna collapse. THORChain, a decentralized cross-chain liquidity protocol, has paused its network operations due to a significant debt crisis amounting to nearly $200 million.
Founded in 2018, THORChain is an OG DeFi L1 chain that rose to fame with its innovative cross-chain swaps (THORSwap). Since then, the chain has expanded to offer lending and savings interest accounts.
THORChain DeFi platform paused BTC and ETH withdrawals. RUNE price plunged over 20% today as THORChain insolvency claims circulate.
The cryptocurrency market has surged today, fueled by a 44% rise in trading volume over the last 24 hours. This comes after Thursday's decline in market activity, reflected by the 2% drop in total market capitalization.
TL;DR THORChain has halted operations of its THORFi service due to financial issues and concerns over debt management. Its native token, RUNE, has dropped 19.33% in value over the last 24 hours, reflecting the crisis and causing uncertainty within its community.
THORChain has suspended Bitcoin and Ethereum withdrawals within its lending and savings programs after reports of a $199 million liability surfaced. On Jan. 24, THORChain founder John-Paul Thorbjornsen disclosed that validator node activities for THORFi services have been paused.
THORChain is in the news again, but not for the right reasons right now.
RUNE, the native cryptocurrency of the decentralized liquidity protocol THORChain, is facing strong selling pressure amid reports of insolvency. The RUNE price has crashed 30% in the last 24 hours with its market cap plunging under $800 million and daily trading volume shooting up by 112% to $758 million.
While cryptocurrencies displayed gains on Friday, the THORChain community welcomed negative news, which saw RUNE decoupling with substantial losses on its 24-hour chart. DeFi platform halted its lending site THORFI, potentially due to financial instability due to emerging bankruptcy allegations.
Cross-chain swap protocol THORChain has put its THORFi services on hold thanks to financial uncertainties linked to allegations of insolvency.
THORChain temporarily suspended lending and savers programs to prevent insolvency and safeguard liquidity providers.
The protocol seeks to prevent the risk of insolvency.
Once again, rounds of insolvencies have entered the crypto space, with Thorchain being the most recent. The network has paused THORFI services, probably due to its financial uncertainty, which has circulated shock waves across the markets. The functions like swaps remain active while the lending operations are on hold.