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Liquid Staking Market in Flux: Withdrawals Hit Swell and Mantle, Reshuffling Landscape
17.5.2024
Over the past 18 days, 27 distinct liquid staking derivatives (LSD) protocols have experienced withdrawals amounting to approximately 50,000 ether, valued at $146.72 million. The most significant reductions occurred in the LSDs Swell and Mantle, with Swell’s ether holdings decreasing...
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...
Fantom Outperforms CoinDesk 20 Over Past Week as TVL Jumps
17.5.2024
FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million
Legendary Investor Tim Draper Leads Bitcoin Lending Protocol Zest’s $3.5 Million Seed Round
17.5.2024
Draper Associates, the VC firm led by the legendary investor Tim Draper, has led the $3.5 million seed round of Zest Protocol, a Stacks-based Bitcoin lending market. The round, which also had the participation of Binance Labs, Flow Traders, Trust Machines, and others, seeks to allow bitcoin holders...
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. ...
ShibaSwap rolls out major upgrade, moves to Shibarium
16.5.2024
Previously only available on the Ethereum blockchain, the DEX will now operate on both Shibarium and Ethereum
Chinese police bust $1.9B USDT underground banking racket
16.5.2024
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations
Humanity Protocol Achieves Unicorn Status with $30 Million Funding, Valuation Reaches $1 Billion
16.5.2024
Humanity Protocol has achieved unicorn status following a recent funding round that raised $30 million, resulting in a valuation of $1 billion.
The post Humanity Protocol Achieves Unicorn Status with $30 Million Funding, Valuation Reaches $1 Billion appeared first on Cryptonews
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.
The post Degen Chain Outage: Network Restored,...
Shibaswap Migrates to Shibarium Network, Expanding Access to 2 Chains
15.5.2024
On May 15, the development team for the meme token project SHIB announced that the decentralized exchange (dex) Shibaswap has been ported to the Shibarium blockchain. SHIB’s lead developer detailed that Shibaswap’s trading platform is now accessible to users of both the Ethereum and Shibarium...
How to bridge to zkSync
15.5.2024
Uncover the step-by-step process of moving cryptocurrency to and from zkSync, ensuring smooth and effortless transactions
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...
Binance-backed pSTAKE Finance launches Bitcoin liquid staking solution
15.5.2024
pSTAKE is among the most recent protocols making Bitcoin a yield-generating asset with more capital efficiency
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.
The post Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away appeared first on Cryptonews
Sonne Finance Token Drops 60% After $20M Exploit on Optimism
15.5.2024
Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne’s markets on the Base blockchain were not affected
Israeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’
14.5.2024
Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable
DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper
14.5.2024
Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion's share of protocol revenues back to liquidity providers
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...