|All Time High:|
|Market Cap: |
|The price of #ALPACA today is $0.18 USD.|
The lowest ALPACA price for this period was $0, the highest was $0.184, and the current live price for one ALPACA coin is $0.18390.
The all-time high ALPACA coin price was $4.28.
Use our custom price calculator to see the hypothetical price of ALPACA with market cap of SOL or other crypto coins.
|The code for Alpaca Finance crypto currency is #ALPACA. |
Alpaca Finance is 2.7 years old.
|The current market capitalization for Alpaca Finance is $27,548,052.|
Alpaca Finance is ranking downwards to #438 out of all coins, by market cap (and other factors).
|There is a large volume of trading today on #ALPACA.|
Today's 24-hour trading volume across all exchanges for Alpaca Finance is $15,493,747.
|The circulating supply of ALPACA is 149,801,503 coins, which is 100% of the total coin supply.|
Alpaca Finance Institutional Newsletter #61
Highlights. — SBF found guilty on all charges in historic crypto fraud trial, Kraken to Share Data of 42,000 Users with IRS Due to Court Order, MAS partners with Japan, Switzerland, and UK for joint digital asset pilots, Former FTX CEO Sam Bankman-Fried was found guilty on all seven charges in his New York trial, including wire fraud and money laundering conspiracy. He faces sentencing on March 28, 2024, with a potential maximum 20-year prison term. The U.S. Attorney called his crimes a “multibillion-dollar scheme.” Other FTX executives have pleaded guilty and testified against him. Bankman-Fried maintains his innocence and plans to keep fighting the charges. Kraken will share data from 42,000 users with the IRS in compliance with a court order. The shared data includes names, dates of birth, tax IDs, addresses, contact information, and transaction history. A similar case involving the IRS and Coinbase is under review by the U.S. Court of Appeals for the First Circuit. Singapore’s central bank, MAS, is teaming up with financial regulators in Japan, Switzerland, and the UK for joint digital asset pilots, expanding on their Project Guardian. This collaboration will focus on areas like fixed income, foreign exchange, and asset management products. The goal is to establish common standards, address potential risks, and promote cross-border cooperation in the digital asset industry. — News - Sam Bankman-Fr...
Alpaca Finance Institutional Newsletter #60
Highlights. — Progress for BlackRock’s Bitcoin ETF with DTCC listing, Chinese digital Yuan takes first step in oil trade, signals shift off petrodollar, Federal Reserve continues CBDC research as Bank of England’s Deputy Governor bids farewell, BlackRock’s iShares spot Bitcoin ETF has been listed on the DTCC, indicating preparation for SEC approval. Bloomberg’s Eric Balchunas sees this as a positive step in the ETF’s launch process. BlackRock is leading the way in logistics for ETF approval, suggesting they might already have the SEC’s nod or are preparing for it. The SEC has until January 10, 2024, to decide on the ETF’s approval. The Chinese digital yuan (e-CNY) was used for the first time in settling an oil transaction on the Shanghai Petroleum and Natural Gas Exchange. PetroChina International purchased 1 million barrels of crude on October 19 in response to a call from the Shanghai Municipal Committee and Government to use e-CNY in international trade. This marks a significant step for the digital yuan and China’s move away from the U.S. dollar. In the first three quarters of 2023, the use of the yuan in cross-border settlements rose by 35%, reaching $1.39 trillion. Sir Jon Cunliffe, in his final speech as deputy governor of the Bank of England, discussed past and future payment solutions. Meanwhile, the Federal Reserve Board, represented by Vice Chair Michael Barr, continues its research into ce...
Alpaca Finance Institutional Newsletter #59
Highlights. — SEC seeks dismissal of lawsuit against Ripple executives, Uniswap introduces 0.15% swap fee and KYC option, fueling DeFi debates, Senator Elizabeth Warren and Legislators raise concerns over cryptocurrency’s role in terrorism financing, The SEC plans to dismiss all claims against Ripple’s CEO and executive chair in a civil lawsuit, indicating no need for a trial. The SEC’s case against Ripple itself, initiated in 2020, is not affected. Both parties will discuss potential remedies for Ripple’s violations, with a proposed briefing schedule due by November 9, 2023. Ripple considers this a “stunning capitulation,” while the SEC’s actions against Ripple began in December 2020, primarily focused on XRP token sales. In July, a federal judge ruled that XRP is not a security when sold to retail investors. Uniswap will charge a 0.15% swap fee starting October 17 for specific tokens but exempt Ether-to-Wrapped Ether and inter-stablecoin swaps. This fee will support the development of new features. Additionally, a KYC feature in Uniswap v4 for user checks in token pools has sparked debates about DeFi regulation. The KYC option is useful for liquidity providers aiming to meet regulatory requirements. Customizable hooks are planned for Uniswap v4 by early 2024, with access restricted to governance-approved entities. Senator Elizabeth Warren led a group of 28 senators and 76 House members in a letter expr...
Alpaca Finance Institutional Newsletter #58
Highlights. — Innovative approach to off-chain smart contracts on Bitcoin, Former Alameda CEO testifies against SBF in FTX trial, Brazilian Committee recommends indicting Binance CEO and executives, BitVM, proposed by Robin Linus, enables advanced off-chain smart contracts in Bitcoin without a soft fork. It’s based on Ethereum’s optimistic rollups and Merkle tree advancements, allowing Turing-complete contracts. BitVM executes contract logic off-chain, similar to Ethereum’s approach. While promising, it has limitations, and further development is required. It relies on the Taproot soft fork and is influenced by Ethereum’s research. Prominent Bitcoin figures show cautious excitement, but some advise tempering expectations. During Sam Bankman-Fried’s trial, Caroline Ellison, his former associate and girlfriend, testified that she committed fraud at Alameda under his direction. She accused him of setting up systems that allowed Alameda to take approximately $14 billion from FTX user funds. Their relationship is central to the allegations against him. Bankman-Fried faces charges for using FTX user funds for purchases and political donations without consent. The defense tried to shift some blame onto Ellison during the trial, suggesting she ignored instructions about hedging investments. A Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng Zhao (CZ) and three local Binance ...
Alpaca Finance Institutional Newsletter #57
Highlights. — Ethereum Trust Grayscale seeks SEC approval for spot ETF conversion, The SEC persists in postponing its determinations regarding cryptocurrency ETFs, European Regulator consults on crypto asset rules, Grayscale has applied to the U.S. SEC to convert its 5B$ Ethereum private trust $ETHE into a spot Ethereum ETF. This comes after the approval of the first Ether futures ETF. If granted, the spot ETF would allow direct Ethereum ownership, making a significant step towards effective regulation. The Grayscale Ethereum Trust is valued at $4.9 billion and has about 250,000 investor accounts. Grayscale remains committed to its cryptocurrency products and plans to convert them into ETFs. Meanwhile, the SEC has once again delayed its decisions on spot Bitcoin and Ether ETFs from applicants like VanEck, ARK 21Shares, Invesco, Bitwise, and Valkyrie. The new decision dates are in December and mid-January, coming two weeks ahead of the expected deadline. Bitwise Asset Management amended its application to address SEC concerns about the academic record on BTC futures and spot market relationships. These delays might be linked to the potential U.S. government shutdown that could disrupt financial regulators and federal agencies. The European Securities and Markets Authority (ESMA) has released a second consultation paper on Markets in Crypto-Assets (MiCA) regulations. It seeks feedback on various aspects, including sust...
AUSD sunsetting & AF1.0 Batch#1 Migration Plan
Dear alpacas, Pursuant to AIP-25’s resolution, this article will detail the sunsetting process for AUSD, and the migration for batch#1's assets. — 🌅AUSD Sunsetting - In preparation for the migration of lending assets from AF1.0 -> AF2.0, we will sunset AUSD. Please read the planned actions below: — For users who hold AUSD positions. — You should repay the entirety of your AUSD debt and close out your positions. If you do not have enough AUSD balance in your wallet, you can acquire them via two methods: Buy AUSD from the Ellipsis pool here. (market rate, low liquidity), Buy AUSD from our stableswap module here. ( Fixed rate of 1 BUSD : 1 AUSD), — For users who hold AUSD balance (but without debt positions). — Once users start closing out their AUSD positions, you will be able to swap AUSD back to BUSD at 1:1 ratio via our stableswap module. Depending on when the position holders pay back their debts, you might have to wait until after October 17th (when all the remaining positions will be force-closed) before swapping out of AUSD. Any remaining positions after October 17th will be force-closed. Force closing will work in the following way: User’s collateral is sold via stableswap (BUSD will be converted 1:1, while USDT and BNB collateral will first be sold into BUSD and then converted 1:1 via the stable swap module), Any remaining collateral will be left in the form of ibTokens...
September 2023 Recap
Throughout September, we maintained our focus on innovation despite the challenging market conditions. We launched a new BNB Savings Vault and fine-tuned certain parameters within AVv3 in order to improve its return and consistency. Additionally, two Alpaca Improvement Proposals (AIP) were approved through community votes. This month, we published four Institutional Newsletters where you can read the summary of major headlines in the crypto market related to regulation, products, and fundraising. We publish these newsletters every week. You can check out this month’s editions here: Edition 52, Edition 53, Edition 54, and Edition 55. Read below for more details of our developments this month. — 🏦 Automated Vaults - In September, we finished sunsetting the remaining old Automated Vaults (AVv2) due to low yields (PCS has stopped CAKE emission to certain V2 pools) and adverse market conditions to safeguard user capital. All debt was returned, and all the farming assets were converted into base assets (e.g., stablecoin for market-neutral vaults). We also sunsetted the USDC-USDT stable vault on AVv3 due to the recent reduction in CAKE multiplier points to the USDC-USDT pool. While sunsetting the vaults, we continued to find potential pairs for new AVv3 vaults. As such, this month, we launched a new BNB Savings Vault: BNB Savings (BTCB-BNB, PCS, Fee Tier: 0.05%), $0.5Mn cap: earning 20%–25% APY, It has now been one ...
Alpaca Finance Institutional Newsletter #56
Highlights. — U.S. Congress members urgently push for immediate approval of spot Bitcoin ETFs, SEC delays decisions on Ether and Bitcoin ETFs, New US bill to require reporting of off-chain crypto transactions, Four U.S. Congress members wrote to SEC Chair Gary Gensler, urging swift approval of spot Bitcoin exchange-traded funds (ETFs). They claim the SEC is unfairly discriminating against these products and cite Grayscale Investments’ ETF approval as precedent. They believe spot Bitcoin ETFs would enhance investor protection and transparency, urging Gensler for quick approval. The SEC postponed its decisions on spot Ether and Bitcoin ETFs from ARK 21Shares and VanEck. New deadlines are December 25 and 26 due to the SEC needing more time for review. Other ETH ETF proposals were filed on various exchanges. Additionally, the SEC extended the review period for spot Bitcoin ETFs from ARK 21Shares and Global X, delaying ARK 21Shares’ ETF decision to January. A new U.S. bill, the “Off-Chain Digital Commodity Transaction Reporting Act,” seeks to require crypto service providers to report blockchain transactions to a government repository. This aims to protect investors from fraud and manipulation in off-chain transactions. Crypto providers would report off-chain transactions to a Commodity Futures Trading Commission (CFTC)-registered repository within 24 hours, aligning with existing rules for securities and swap tr...
Alpaca Finance Institutional Newsletter #55
Highlights - Fed keeps interest rate unchanged, Binance CEO faces more controversies, Binance files motion to dismiss the SEC’s lawsuit against them, The US Federal Reserve keeps interest rates steady after the FOMC meeting, holding the federal funds rate at 5.25 to 5.5 percent. The Fed remains vigilant about future inflation and is prepared to adjust monetary policy if needed. Fed Chair Jerome Powell hints at a possible 2023 rate hike, pending further details during his ongoing press conference. Binance CEO Changpeng Zhao faced two controversies: one involving a $250 million loan with BAM Management, which he clarified by stating he personally was the lender of the money and not any Binance entity, and another where the SEC questioned Binance’s use of Ceffu and Binance Custody, which CZ denied. The SEC’s concerns arose from Binance.US’s US-based asset control commitment, while Ceffu, reportedly owned by CZ, operated internationally, excluding the United States. The situation remains complex. Binance Holdings, CEO Changpeng Zhao (CZ), and Binance.US have jointly filed a motion to dismiss the SEC’s lawsuit against them. They argue that the SEC overstepped its authority, pointing out the lack of clear crypto regulatory guidelines before the lawsuit. They claim the SEC is trying to apply regulations retroactively, reaching back to crypto asset sales from July 2017 when there was no clear guidance. Binance’s legal ...
Alpaca Finance Institutional Newsletter #54
Highlights. — Metamask integrated by Paypal and Solflare, Binance’s opBNB Ethereum layer-2 scaling goes live, Binance.US CEO departs amid job cuts and regulatory pressure, PayPal now allows U.S. users to sell cryptocurrencies and transfer the funds via Metamask wallet directly to their PayPal accounts, making crypto transactions more convenient and secure. Additionally, Solflare, a Solana wallet provider, has integrated MetaMask Snaps to simplify access to the Solana blockchain for MetaMask users, improving the overall user experience. Binance’s opBNB, an Ethereum layer-2 scaling platform, is now live after extensive testing. It uses Optimism’s rollup technology to reduce fees and speed up transactions for decentralized applications in the BNB Chain ecosystem. During testing, opBNB handled 35 million transactions and 150+ DApps, with a peak of 4,000 transactions per second. It emphasizes scalability and security, offering low gas costs, rapid finality, and multiple audits. OpBNB is EVM-compatible, enabling interaction with Ethereum-based smart contracts and tokens. Optimism’s rollup tech has been vital for Ethereum’s growth, attracting DeFi protocols like Uniswap, Aave, and SushiSwap. The CEO of Binance’s U.S. affiliate has departed the crypto trading company amid another round of job cuts. Binance.US CEO Brian Shroder is no longer with the company. The cryptocurrency exchange did not specify when or why ...
More Alpaca Finance (#ALPACA) News
|Gym Network Launches New DeFi Platform With Integrated Affiliate System
GYM NETWORK is a highly innovative DeFi platform that introduces affiliate marketing to decentralized finance, allowing users to earn commissions by referring others while profiting from the platform themselves.
$13M Total Value Locked in 5 Days
GYM NETWORK’s initial product, the GYMNET Vault, reached a total value locked (TVL) of
$13 million within the first 5 days after the launch.
“GYM Network is not about reinventing the wheel but creating something new and innovative based on existing, proven systems,” says Alberto Mera, the system designer of GYM Network. “The biggest innovation comes from adding rewards to the user for participating in the protocol and implementing an affiliate system so that you can receive affiliate commissions for referring other users.”
GYM NETWORK’s Initial Product: The Vault
GYM NETWORK has ambitious goals laid out in a long-term roadmap, that reaches ahead into 2024, with the vision to become a metaverse that’s combining an ecosystem of diverse DeFi earning opportunities, allowing its users to access them via a single virtual world. The first available product within this metaverse ecosystem is the GYMNET Vault which allows users to deposit their favourite crypto currency (it starts with BNB) and earn an interest rate on them. As they do this through the GYM NETWORK platform, they will also earn rewards in the form of the GYMNET Token.
What the GYMNET Vault does is, it connects to other established DeFi ...
|More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5...
In mid-March, the top five blockchains - in terms of total value locked (TVL) in decentralized finance (defi) - currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to designate their finances in various ways.5 Blockchain Networks, 21 Defi Protocols
Today, there's just under $200 billion in defi and that's just the total value locked (TVL), as it doesn't include the large quantity of tokens tied to these specific protocols. Right now, five different blockchain TVLs represent 82% of the $198 billion locked in defi protocols. The chains include Ethereum, Terra, Binance Smart Chain, Avalanche, and Solana.
Ethereum currently holds the largest TVL with $108.51 billion or 54.59% of the value locked in defi protocols. On March 14, the top decentralized exchange (dex) platform tied to Ethereum is Curve Finance, with its $17.72 billion in TVL. Ethereum's top collateralized debt position (CDP) application is Makerdao, which is just under Curve as the second-largest TVL in defi today.
In terms of liquid staking, Lido is the top defi protocol and Convex Finance is Ethereum's top protocol for yield. Lastly, Ethereum's largest lending protocol is the defi application Aave, with its $11.35 billion TVL.
The second-largest chain in terms of TVL in defi is Terra, with $25.79 billion or 12.98% of the...