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MakerDAO could allocate $600 million worth DAI to USDe and sUSDe
2.4.2024
MakerDAO is considering allocating DAI to a value of $600 million. The allocation will be to USDe and sUSDe via Morpho Labs. The allocation could go as high as $1 billion worth of DAI tokens. The objective is to enhance the TVL growth of Ethena Labs. Notably, the proposal is under consideration...
Digital Asset Products See $862M in Inflows, Nearly Erasing Previous Week’s Outflows
2.4.2024
Digital asset investment products experienced a positive turnaround in sentiment as inflows reached a total of $862 million last week, almost fully recovering from the record outflows of $931 million in the prior week.
The post Digital Asset Products See $862M in Inflows, Nearly Erasing Previous...
Andreessen Horowitz (a16z) Allocates $30M Funding for Gaming Startups
2.4.2024
Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) founded by Marc Andreessen and Ben Horowitz is investing $30 million in gaming startups in the next 45 days.
The post Andreessen Horowitz (a16z) Allocates $30M Funding for Gaming Startups appeared first on Cryptonews
MakerDAO Considers $600 Million DAI Allocation into USDe and sUSDe
2.4.2024
MakerDAO evaluates a proposal to allocate $600 million of its DAI stablecoin into Ethena Labs' USDe and staked counterpart sUSDe to enhance liquidity and financial resilience.
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Exploring Pendle’s rise, Solana swaps, and BlockDAG’s $2 million giveaway gaining investors’ attention
2.4.2024
Several significant crypto trends have been experienced recently, capturing investors’ attention worldwide. This article takes a cursory look into the recent surge in PENDLE’s price, the optimization of Solana swaps by Jupiter Exchange, and the impactful initiatives undertaken...
$336.3 Million In Crypto Funds Stolen In Q1, $98.8 Million Recovered from March Hacks: PeckShield
1.4.2024
According to PeckShield's data, approximately $100 million in stolen digital assets from hacking incidents in March have been successfully recovered.
The post $336.3 Million In Crypto Funds Stolen In Q1, $98.8 Million Recovered from March Hacks: PeckShield appeared first on Cryptonews
Degen Chain, Layer-3 Blockchain on Base Network, Sees $100 Million Transaction Volume in 24 Hours
1.4.2024
Degen Chain commenced operations just four days ago, has seen over 272,000 unique transactions, and has witnessed the creation of over 7,500 contracts and 2,300 tokens since its launch.
The post Degen Chain, Layer-3 Blockchain on Base Network, Sees $100 Million Transaction Volume in 24 Hours...
Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds
1.4.2024
In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast...
Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable
1.4.2024
Prisma Finance addresses the recent security breach of $11.6 million with a recovery strategy and measures aimed at protecting $540,000 in user funds still vulnerable.
The post Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable appeared first on Cryptonews
Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study
31.3.2024
Families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in 91% of cases involving a transition from crypto...
Decentralization Dilemma: Blockchain Games Require Data For User Acquisition
29.3.2024
Web3 games continue to dominate on-chain activity. According to DappRadar’s recent Game Report, blockchain games accounted for 34% of decentralized application (Dapp) activity last year. The report also notes that Web3 games attracted 1.1 million active daily users in 2023. Source: DappRadar...
Former FTX Executives and Promoters To Pay $1.35 Million in Lawsuit Settlement Deal
29.3.2024
Former executives and promoters of crypto exchange FTX have agreed to settle a class action following founder Sam Bankman-Fried's sentencing Thursday, court documents filed yesterday show. Former head of engineering for FTX, Nishad Singh, Alameda Research CEO, Caroline Ellison, chief technological...
Prisma Finance is up against the siphoning of $12 million
29.3.2024
Prisma Finance, a DeFi protocol that releases stablecoins supported by Ethereum liquid staking and re-staking tokens (LRTs), loses $12 million through a cyber attack. Initially noticed by Cyvers, a company in the field of blockchain safety, the hackers were able to empty the amount of 3,258...
UK Court Freezes £6 Million of Craig Wright’s Assets to Prevent Evading Court Costs
29.3.2024
A UK judge has froezen Craig Wright's assets, who falsely claimed to be the creator of Bitcoin, from evading court costs.
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$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded
29.3.2024
Web3 gaming app, Munchables, announced on March 27 that an individual who exploited the system agreed to return the stolen funds without a ransom demand. This announcement came just hours after a former developer siphoned off more than 17,400 ethereum coins by gaining access to the Munchables lock...
Cleanspark’s Stock Tumbles 10% After Plans to Sell $800 Million in Shares
29.3.2024
Bitcoin miner Cleanspark’s stock plunged 10% in after-hours trading after revising its at-the-market (ATM) offering agreement to sell up to $800 million of its stock, a decision that would dilute CLSK shares by 19%, given its $4.2 billion market capitalization. The adjustment from an initial...
CDPR Says Cyberpunk 2077 Has Made $750 Million So Far
28.3.2024
The redemption tour that Cyberpunk 2077 has been on since it was fixed up into a playable state has turned in some huge sales numbers. Developer CD Projekt Red recently revealed that the once-maligned-but-now-refined sci-fi first-person shooter has raked in over $750 million since the game’s...
Ethereum regains NFT lead with US$17.02 million daily sales
28.3.2024
Ethereum reclaimed its prior position as the market leader among blockchain non-fungible tokens. The product achieved a sales volume of $17.02 million. Sales on this platform have increased by as much as 39.19% in the twenty-four hours leading up to 2:00 pm, according to data compiled...
Traders Send $1.4 Million in Solana to New Cryptocurrency Meme Coin Slothana
28.3.2024
In just a few days, traders have poured $1.4 million into an ICO for new Solana meme coin Slothana ($SLOTH), in a bid to try and recapture some of that early potential of the network’s established funny tokens like Slerfs, DogWifHat and Bonk. Solana’s latest meme sensation is a lazy...
Kevin O’Leary Wants To Buy TikTok and Implement Cryptocurrency Features
28.3.2024
Mainstream cryptocurrency adoption is well underway according to recent findings from a Crypto.com report that show global cryptocurrency ownership increased by 34% last year. According to the report, 432 million people owned crypto in January 2023, a number which rose to 580 million by the end...