China News Official TheBitTimes.com

The MULTI protocol's TVL remains largely unchanged at $1.6 billion despite a large selloff in the token price. On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication.  The selloff came after users reported that their multi-chain funds had not arrived due to a backend node upgrade "taking longer than expected." An admin in the Multichain Discord channel wrote: "Most routes are working as usual, as some routes (Kava, zkSync, Polygon zkEVM) are temporarily suspended. All affected transactions will arrive after the upgrade is complete. We sincerely apologize for the inconvenience caused." At the same time, a wallet address linked to layer-1 blockchain developer Fantom Foundation reportedly removed 449,740 MULTI ($2.4 million) from liquidity on decentralized exchange SushiSwap. Rumors also appear to have fueled the selloff. In a tweet viewed over 300,000 times since publ...

Join us as we discuss the potential outcomes of the upcoming Ethereum Shanghai upgrade and other important developments in DeFi. In this week’s episode of Market Talks, Cointelegraph welcomes Justin Bram, co-founder and CEO of Astaria — which allows users to put up their nonfungible tokens (NFTs) as collateral to earn instant liquidity. Bram also has his own YouTube channel with over 30,000 subscribers. We kick things off by getting Bram’s opinion on the most exciting thing happening in Decentralized Finance (DeFi) right now and follow it up by discussing the most important thing happening in DeFi. We then get into Ethereum layer-2 protocols like Arbitrum and whether Bram is bullish on them or whether he has his eye set on something else. With the next big Ethereum upgrade just around the corner, we ask Bram what his perspective is on the Shanghai upgrade and the potential of liquid staking derivatives. Is ut going to be as big as everyone hopes and thinks it will be? Does the unlocki...