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The Protocol: Blockchains Keep Launching, From Sei to Shibarium
17.8.2023
In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted...
Microsoft and LeverFi Launch AI-Backed Solution to Overcome DeFi Challenges
17.8.2023
Microsoft and LeverFi have joined forces to launch an AI-backed solution that aims to tackle the challenges facing the decentralized finance (DeFi) industry.
The DeFi ecosystem is grappling with some significant challenges, including security hacks, poor risk management policies, and manual...
SHIB Plunges 9% on Apparent Shibarium Bridge Issues
17.8.2023
An important tool for the layer 2 service went live on Wednesday to a turbulent start
Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth
16.8.2023
The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi contender
Base and Linea Users Lose $460,000 as SwirlLend Vanishes in Suspected Exit Scam
16.8.2023
SwirlLend, an Ethereum Layer 2 lending project active on the Base and Linea networks, has reportedly pulled off an exit scam that has resulted in the disappearance of an estimated $460,000 in user deposits.
According to a comprehensive on-chain analysis conducted by cybersecurity firm PeckShield...
Lynex’s DEX goes live on Linea Mainnet on August 16
16.8.2023
Lynex has announced that it will launch its DEX, which is a decentralized exchange platform, on Linea Mainnet. The launch will be conducted in a strategic partnership with Algebra and Gamma Strategies. Days to come are packed with promotional campaigns and the launch of its DEX. Participants...
tBTC joins forces with Solana for DeFi evolution!
16.8.2023
Today marks an incredible turning point in the world of decentralized finance DeFi as tBTC, a revolutionary tokenized interpretation of Bitcoin, takes its pioneering initial steps on Solana’s blockchain. This extraordinary event brings with it tBTC becoming the first permissionless...
De.Fi's Antivirus Tool Releases on zkSync Era Mainnet
15.8.2023
The antivirus tool protects users against common malicious crypto exploits, such as phishing, smart contract vulnerabilities, blind signing, and more
DeFi Value Locked Reaches Nearly $42 Billion as Token Market Experiences Significant Growth – Here's the Latest
14.8.2023
The total value locked (TVL) across DeFi projects has experienced a resurgence after teetering below the $40 billion mark last week.
According to data from DeFi TVL aggregator DefiLlama, the DeFi market cap is currently valued at over $41 billion, with approximately $1.6 billion in trading volume...
DeFi Protocol Zunami Loses Over $2.1 Million in a Major Price Manipulation Attack
14.8.2023
Decentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million.
The attack is the latest among the list of protocols affected by the recent vulnerability in...
BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up
14.8.2023
The viral token reached an $80 million market capitalization earlier this month before falling 90% - and failing to grow since
Zunami Protocol confirms losing $2.1m after price manipulation
14.8.2023
Zunami Protocol recently confirmed a price manipulation attack costing the platform over 2.1 million dollars. The DeFi protocol stated that its LP (liquidity pool) on Curve Finance was attacked this weekend. Ironblocks and PeckShield, two blockchain security firms, were the first to report...
Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated
14.8.2023
Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack
Defi Market Rebounds: Value Locked Rises to Nearly $42 Billion, Token Market Swells
13.8.2023
On the verge of dipping below the $40 billion mark on August 2, the overall value locked in decentralized finance (defi) has made a comeback, rising to over $41 billion. Additionally, the defi crypto sector has swelled to $45.08 billion, reflecting a 6.17% rise in just a day. Defi Resurgence:...
Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion
13.8.2023
Binance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking platform.
The substantial funding from Binance Labs highlights Helio Protocol's promising potential...
DeFi tries to recover from Curve hack, but exploits continue: Finance Redefined
12.8.2023
Binance jumped in with a $5 million Curve token investment to help with efforts to minimize the risk of contagion
DeFi tries to recover from Curve hack, but exploits continue: Finance Redefined
12.8.2023
Binance jumped in with a $5 million Curve token investment to help with efforts to minimize the risk of contagion
U.S. Senator Lummis, Crypto Lobbyists Urge Court to Dismiss SEC's Coinbase Lawsuit
12.8.2023
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
11.8.2023
Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly $26 million worth of the USDC stablecoin....
Lendvest joins hands with Chainlink CCIP
11.8.2023
Lendvest announces its integration with Chainlink CCIP intending to offer support to the cross-chain credit system. The integration grants Lendvest access to the arbitrary messaging functionality of CCIP, which will be leveraged to architect a cross-chain credit score system in the decentralized...