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Data Ownership Protocol Raises $162M in Token Sale


Data Ownership Protocol announced it has raised $162 million in a token sale ahead of upcoming mainnet launch. The post Data Ownership Protocol Raises $162M in Token Sale appeared first on Cryptonews

MakerDAO could allocate $600 million worth DAI to USDe and sUSDe


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...

Andreessen Horowitz (a16z) Allocates $30M Funding for Gaming Startups


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


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. The post MakerDAO Considers $600 Million DAI Allocation into USDe and sUSDe appeared first on Cryptonews

Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable


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

Decentralization Dilemma: Blockchain Games Require Data For User Acquisition


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...

Prisma Finance is up against the siphoning of $12 million


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...

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