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Normie Team Negotiates 90% Fund Return After $41.7M Market Cap Plunge
27.5.2024
After a 100% plunge in the price of $NORMIE following a smart contract exploit, the Normie memecoin team mulls negotiating with the accused hacker to recover 90% of the stolen funds.
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Uniswap takes a step toward strengthening decentralized governance
27.5.2024
Uniswap has announced plans to implement a new fee distribution mechanism if it receives the necessary approvals by May 31, 2024. It has further highlighted key figures from financial disclosures. What makes these developments imperative is that they come at a time when Uniswap is in the middle...
Blast Blockchain attains sixth position among big-time players
23.5.2024
Blast blockchain now holds the sixth position amongst the big-time players in the industry with regard to DeFi assets. It is seemingly gaining the attention of added builders and users towards itself. Its total value locked (TVL) has reached over $1.9 billion. Business houses such as Ethereum...
Jupiter exchange launches groundbreaking Giant Unified Market initiative
22.5.2024
Today is the start of the Giant Unified Market (GUM) project, which aims at consolidating all possible markets into one atomic market that everyone can access. This expansive project will leverage the Solana blockchain and the Jupiter environment; it will also have the backing of leading players...
Tristan Frizza, Founder of Zeta Markets, on Solana’s DeFi Layer 2 Plans, Perpetual Trading, and 2024 DeFi Summer | Ep. 336
21.5.2024
Tristan Frizza, the Founder of DeFi platform Zeta Markets, discusses how he came to build on Solana (encouraged by a chat with the chain’s founder), Solana’s congestion issues, building the first Solana L2, and how this will benefit Zeta and the wider community.
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HBAR Foundation accelerates Hedera DeFi ecosystem growth
21.5.2024
The HBAR Foundation is actively involved in enhancing the Hedera network’s evolving DeFi ecosystem. They have prioritized the task at hand. From 2021 onwards, HBAR is known to have stood by more than 200 projects, as well as startups and companies developing on Hedera. In exchange, the projects...
Ethereum eyes ETF verdict, DeFi events, amidst market swings
20.5.2024
Ethereum (ETH) is above $3,000; it is listed at $3,086.75, down by 0.89% in the last 24 hours. The market expects the price to fluctuate several times before reaching its peak. The US SEC could deliver a verdict on Spot Ether ETF this week. However, this is merely speculation, and the US SEC...
Synthetix stablecoin, sUSD, becoming more scalable and decentralized
17.5.2024
sUSD, Synthetix’s stablecoin, is undergoing a critical phase in preparation for the V3 release, which will result in enhanced decentralization and upgradability. The previous V2x mechanism encouraged participation by minting the SNX token. It differs from the present version in that it brings...
ShibaSwap embraces Shibarium: A homecoming upgrade!
16.5.2024
Today is an extraordinary day for the DeFi community as SHIB, the influential DeFi cryptocurrency, released a fantastic message. Shiba Inu got its name from the ShibaSwap decentralized exchange integrated with Shibarium. With this, ShibaSwap will now function on both the Ethereum and Shibarium...
SushiXSwap v2 upgrade: A giant leap in cross-chain swaps!
16.5.2024
SushiXSwap, an unprecedented platform with the capability of exchanging tokens across different blockchains, has just released a new version, the SushiXSwap v2. The new iteration, which was born in 2022, has a lot of new improvements that build up on the old version, leading to its evolution. ...
Brothers Arrested for Allegedly Exploiting Ethereum Blockchain to Steal $25 Million in 12 Seconds
16.5.2024
Two brothers, both graduates of the prestigious Massachusetts Institute of Technology (MIT), have been apprehended and charged with exploiting a vulnerability in the Ethereum blockchain.
The post Brothers Arrested for Allegedly Exploiting Ethereum Blockchain to Steal $25 Million in 12 Seconds...
Degen Chain Outage: Network Restored, L3 Debate Reignited
15.5.2024
Degen Chain, a prominent Ethereum layer-3 blockchain, experienced a two-day outage due to a configuration error, which affected its network and native DEGEN token. Explore the details of the disruption and its implications for layer-3 networks.
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Sonne Finance suffers $20 million loss in security breach
15.5.2024
Sonne Finance became the victim of a safety infraction which left the business with a loss amounting to the tune of $20 million. The hackers completed their misdeeds in two phases. They first targeted the USDC and WETH contracts of the company, siphoning off $3 million and in the following phase...
Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away
15.5.2024
A pseudonymous developer at Solana-based Cypher Protocol has confessed to stealing approximately $300,000 worth of user funds and gambling them away.
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Lido and Aave generate more fees than Ethereum and Bitcoin
14.5.2024
The decentralized finance platforms generated more fees than the top blockchain ecosystems, including Bitcoin, Solana, and Ethereum. Lido and Aave accrued $2.34 million and $1.85 million, respectively, during the specific period. Ethereum, Solana, and Bitcoin secured $1.84 million, $1.17 million...
Rain Exchange Likely Exploited of $14.1 Million in Crypto 2 weeks ago: ZachXBT
14.5.2024
Rain cryptocurrency exchange experienced a potential exploit on April 29, resulting in the transfer of approximately $14.1 million worth of various cryptocurrencies to a new wallet under suspicious circumstances.
The post Rain Exchange Likely Exploited of $14.1 Million in Crypto 2 weeks ago:...
Eduard Jubany Tur, Founder of ZKX, on Perpetual Futures, DeFi Growth in Asia, and How DeFi Can Democratize Finance | Ep. 333
10.5.2024
Eduard Jubany Tur, the founder of ZKX, a decentralized perpetual futures exchange on Starknet, discusses getting people off centralized exchanges and into DeFi, the growth of the crypto industry in Asia, the region’s key relevance, and differences between crypto users in Asia and the rest of...
BlockFi shuts down platform, partners with Coinbase for payouts
10.5.2024
BlockFi, which is currently defunct as a business house, plans to close the shutters of its web platform towards the end of the month, link up with Coinbase, and use the company’s services as a distribution associate. As an integral component of the bankruptcy claims procedure, the modification...
USDV partners with DIA to release price oracles on Telos network
10.5.2024
USDV and DIA have formed a partnership to introduce USDV price oracles to the Telos network. The Telos Bridge will subsequently incorporate these oracles upon its launch. USDV, the first stablecoin, was renowned for its absolute transparency. In addition, there were demonstrations of on-chain...
Attacker Returns $153,000 Worth of Ether to Victim After Stealing $68 Million
10.5.2024
An attacker involved in a $68 million address poisoning scam has returned $153,000 worth of Ether to the victim and expressed willingness to negotiate further.
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