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Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months
15.7.2023
Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms. Data reveals that Lido Finance dominates...
DeFi Lender MarginFi Fuels Growth With Loyalty Points, Spurring Talk of ‘Solana Renaissance’
14.7.2023
MarginFi has doubled its user base in two weeks after unveiling a loyalty points program that some believe will lead to a token airdrop
Sidechains Can Provide ‘Scalability and Flexibility Needed for Real-World Applications’ — Horizen Labs CEO
14.7.2023
All-in-one infrastructure solutions may be what is needed to drive the adoption of Web3, but such solutions might turn out to be complex and not as flexible, Rob Viglione, the co-founder and CEO at Horizen Labs, has argued. In addition, Viglione believes that such comprehensive infrastructure...
A strategic investment in Aark Digital is made by OKX
13.7.2023
In a significant development for the decentralized finance (DeFi) industry, OKX Ventures, the venture capital division of OKX, has announced a strategic investment in Aark Digital.The investment underlines both the growing significance of decentralized derivatives trading in the cryptocurrency...
US Authorities Accuse Former Security Engineer of Siphoning $9 Million From Defi Platform
13.7.2023
Authorities in the United States recently revealed that law enforcement has arrested Shakeeb Ahmed for “wire fraud and money laundering in connection with his attack on a decentralized cryptocurrency exchange.” The U.S. Attorney for the Southern District of New York suggested that...
Polygon Proposes Token Switch From MATIC to POL for More Utility
13.7.2023
If approved by the community, POL will work as a multipurpose token that can be used to validate multiple Polygon-based networks
DeepBook enhances DeFi to support developers on Sui
13.7.2023
The Sui Foundation was created to empower and support developers on the Sui network. The platform serves as a channel for official updates and announcements about the Sui network as well as articles on projects that are built on Siu to offer helpful tips. The Sui Foundation has opened a brand...
Stader Labs Debuts Ether Staking Product With 6% Yield
13.7.2023
Node operators can begin staking with just 4 ether on Stader compared to the currently required 32 ether
BNB Chain to Tackle Blockchain Exploit Risks in Major July Hard Fork
13.7.2023
The upgrade will push security measures immediately on the occasion of a blockchain exploit to safeguard user assets
Leveraged Yield Protocol Rodeo Finance Initially Loses $1.7 Million in ‘Force-Investment’ Hack
13.7.2023
Rodeo Finance, a leveraged yield protocol on Arbitrum, was on July 10 a victim of a “force-investment” hack in which almost $1.7 million was reportedly stolen. According to Rodeo Finance, about $810,000 has been recovered so far and there are plans to freeze the stolen funds. Protocol...
KyberSwap expands to LineaBuild mainnet soon!
12.7.2023
After a successful trial run, Linea is on track to make Ethereum more scalable. Today marks an important step forward as they start enrolling launch partners. Today, Linea took a major step in KyberSwap’s mission to create an Ethereum system with greater scalability. The alpha version of...
A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi
12.7.2023
The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and...
Compound exploding, DigiToads unique approach to staking attracts DeFi investors
11.7.2023
It is the time of the NFT revolution. So, investors are embarking on a journey where they can earn while they indulge in their passion for collecting digital treasures. The Compound (COMP) cryptocurrency has experienced a significant surge in value, skyrocketing by an impressive 113% in just...
Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down
11.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can...
Cross-Chain Protocol Axelar to Develop Web3 Services With Microsoft Azure
11.7.2023
Axelar said further plans with Microsoft include connecting private and public blockchains that use OpenAI services to create Web3 products
Chainlink Price Feeds now support tokenized assets of Backed
11.7.2023
Chainlink has announced supporting Backed’s tokenized real-world assets via Chainlink Price Feeds. The bTokens that are now supported by the price feed mechanism are IBO1, IBTA, and CSPX. The announcement has said that Chainlink Price Feeds backing the tokens will help them gain integration...
Rodeo Finance Exploited For $888,000 In Another DeFi Hack on Arbitrum Network
11.7.2023
Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today.
Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum.
Further analysis revealed that the attacker exchanged the stolen tokens...
Battle for DeFi – Synthetix vs Tradecurve, who wins?
11.7.2023
Synthetix is an established set of platforms that allows people to trade synthetic versions of real-world assets on the blockchain. Tradecurve is an up-and-coming hybrid decentralized exchange allowing people to trade derivative assets on-chain. Let’s see how they measure up. More about...
Stader’s ETHx positioned live on mainnet
11.7.2023
With the utilization of Stader’s ETHx, it will be possible to maintain the decentralization of Ethereum through the creation of a liquid staking solution. It will be connectable, as well as dependable and rewarding. According to the team members of Stader, this will be achievable with the backing...
Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum
11.7.2023
GHO has been in the works for over a year and was issued on a testnet earlier this year