The Philippine National Telecommunications Commission (NTC) has blocked access to 50 unregistered virtual asset service providers (VASPs), including Coinbase and Gemini, effective Dec. 22, Cointelegra...

The Philippine National Telecommunications Commission (NTC) has blocked access to 50 unregistered virtual asset service providers (VASPs), including Coinbase and Gemini, effective Dec. 22, Cointelegraph reported. The action was taken at the request of the country's central bank. This follows a similar move by the Philippines to block Binance in early 2024.

Philippines blocks Coinbase, Gemini, and 48 other unregistered exchanges

Offchain Labs – the research and development team behind Arbitrum – recently announced a further increase in its ARB Token holdings, further reinforcing its long-term investment commitment to the company...

The Arbitrum team announces the purchase of additional ARB Token , increasing its investment in the project's core operations.

CEO ether.fi believes that neither Bitcoin nor Ethereum are currently truly high-quality currencies, however, he believes that the ultimate form of a superior currency in the future...

CEO ether.fi: Neither Bitcoin nor Ethereum are high-quality cryptocurrencies yet.

This article is from Prince, co-founder of Avon.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
TL;DR
People's use of DeFi has become highly similar. The market and infrastructure are maturing, but users' mentality has gradually shifted from curiosity to caution. The reward mechanism has changed from "users bear the risks and rewards themselves" to "users wait to be rewarded," and participation behavior has gradually converged around incentives.
The Fading DeFi
DeFi gives people the feeling that...