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Olympus DAO Votes to Buy More ETH for Treasury Backing OHM Token
14.4.2023
The rebalancing comes as ether rallies off a successful Shapella upgrade
Uniswap Topped Coinbase’s Trading Volume in March During USDC Depeg, U.S. Crackdown
6.4.2023
The DEX, however, has been unable to maintain elevated periods of trading volumes in the past, CCData noted
Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses
4.4.2023
On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped...
Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin
31.3.2023
USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner
Hacker Behind $200M Euler Attack Apologizes, Returns Millions in Ether, Dai to Protocol
28.3.2023
The attacker sent over 7,000 ether to Euler Tuesday and seemingly apologized for their actions in a transaction message
Euler Finance exploiter returns another $37.1M worth of ETH and DAI
27.3.2023
The exploiter originally drained $195 million worth of ETH and tokens from the protocol but has now returned around $138 million
Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward With ‘Endgame’ Plan
27.3.2023
The approved proposal aims to set a new foundation for the largest decentralized lending protocol’s major restructuring called “Endgame.”
Premia exclusively brings ARB/DAI option to Arbitrum Network
27.3.2023
It has only been a couple of days since ARB’s launch, and Premia Finance has elevated the token already. The platform is bringing the world’s first ARB options to Arbitrum already. Now users can exclusively access the ARB/DAI options on Arbitrum. Users can also bridge to the network by accessing...
Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
26.3.2023
According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC...
Creators Behind Web3 Game Aavegotchi Raise $30M in Multi-Year Long Token Sale
20.3.2023
The sale, which began September 2020, ended Monday over concerns of the stability of the DAI stablecoin
Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen
19.3.2023
General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators...
MakerDAO passes proposal for $750M increase in US Treasury investments
16.3.2023
The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure
Debtors saved over $100M using de-pegged stablecoins to repay loans
14.3.2023
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar
Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums
13.3.2023
On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold...
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
13.3.2023
Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period
MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging
13.3.2023
The community proposal comes just days after DAI followed its fellow stablecoin USDC in slipping beneath the one-dollar mark
Today in Crypto: Cryptocurrency is 'Inevitable', Two Hacks, OKCoin Pauses USD Deposits, Beatport & Polkadot's Music Platform, Alchemy Notify's Custom Webhooks
13.3.2023
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: Cryptocurrency is 'Inevitable', Two Hacks, OKCoin Pauses USD Deposits, Beatport & Polkadot's Music...
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
13.3.2023
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley...
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
12.3.2023
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades...
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
11.3.2023
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of...