Brine Fi Raises $16.5M for Decentralized Crypto Exchange Offering Privacy and Front-Running Protection

Brine Fi is a decentralized crypto exchange raising $16.5M from investors like Pantera Capital.
It aims to provide the benefits of centralized exchanges like orderbooks while remaining decentralized.
Brine uses zero-knowledge proofs for privacy and to prevent front-running attacks.
It is targeting both retail and institutional crypto traders looking for alternatives to centralized exchanges.
Decentralized exchanges currently lack KYC regulations but may face more oversight in the future.

techcrunch.com

Relevant topic timeline:

8/23/2023

Solana DEX aims to move price discovery on-chain

Phoenix, a new decentralized exchange (DEX) called Phoenix, has launched on the Solana mainnet with the goal of bringing on-chain price discovery to crypto assets, beginning with Solana's native token SOL. The team behind Phoenix aims to create a world where financial transactions happen on-chain and sees Solana as the ideal platform due to its scalability and protocol design capabilities. They believe that existing DEXs, such as Uniswap, are limited in terms of market mechanisms and are not competitive with traditional finance. Despite some challenges, the team is optimistic about the future of Solana-native assets in the tokenized asset space.

9/3/2023

Binance CEO CZ forecasts DeFi outgrowing CeFi in the next bull run

Binance CEO Changpeng "CZ" Zhao predicts that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) in the next bull run, emphasizing the positive impact of regulatory clarity and the need for broader cryptocurrency adoption worldwide.

9/7/2023

Pantera Capital Leads $16.5M Investment in ZK-Powered DEX Brine Fi at $100M Valuation

Decentralized exchange Brine Fi has raised $16.5 million in funding, led by Pantera Capital, to address challenges in institutional and mainstream adoption of DeFi.

9/10/2023

FTX Liquidation of $3.4B in Crypto Assets Raises Concerns of Market Impact

FTX, a beleaguered crypto exchange, is expected to gain approval to liquidate $3.4 billion in cryptocurrencies, potentially impacting Ethereum, Solana, and altcoins, while FTT, FTX's proprietary token, raises concerns due to limited liquidity and market depth.

9/11/2023

FTX Seeks to Liquidate $3.4 Billion in Crypto Assets, Putting Downward Pressure on Solana, Aptos, and Dogecoin Prices

FTX, a bankrupt crypto exchange, is seeking court approval to liquidate $3.4 billion in cryptocurrencies, with a maximum offload of $100 million per week, potentially impacting the market in a more gradual manner rather than causing a sharp fall in asset prices; this article examines the price movements and potential impact on Solana (SOL), Dogecoin (DOGE), and Aptos (APT).

9/22/2023

Phemex Introduces Hybrid Crypto Exchange Model Blending Benefits of Centralized and Decentralized Platforms

Phemex, a hybrid crypto exchange, combines the liquidity and user-friendly functionalities of centralized exchanges with access to DeFi opportunities, offering a semi-centralized trading venue model with benefits such as security and lack of censorship.

9/29/2023

Controversy Around Pond0X DEX as Critics Claim $100M Volume is Scam Despite Supporters' Defense

The Pond0X decentralized exchange (DEX) has surpassed $100 million in total trading volume despite previous controversy surrounding its native token, PNDX.

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Posted 9/8/2023, 1:50:01 PM