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Cross-Chain Partnership Between Swarm and Wrapped Expands DeFi Capabilities
26.9.2023
Swarm and Wrapped entered into a partnership on September 7 to improve Wrapped.com's existing services for transferring cryptocurrencies between different blockchain networks. The main goal is to make it easier to convert, or "wrap," cryptocurrencies for use in decentralized finance, commonly known...
Liquid Staking Platforms Zoom Past 12 Million ETH With an Addition of 370,000 Ether in 5 Days
25.9.2023
In just five days, liquid staking platforms saw a surge of 370,000 ether in their ethereum holdings, breaching the 12 million ETH mark—rising from 11.94 million to a notable 12.31 million. Interestingly, Binance’s liquid staking token, WBETH, was the powerhouse behind this growth...
How Much Does the First Mover Advantage Matter for Crypto Staking?
25.9.2023
Staking Brings Decentralization Back to DeFi
25.9.2023
Decentralized Exchange Mixin Kernel Confirms Hack on Its Platform Involving Approximately $200M
25.9.2023
Mixin Kernel confirmed on Sept. 25 that it was the victim of a hacking attack which had resulted in the loss of assets on the mainnet. The decentralized exchange said it has since suspended deposit and withdrawal services and only expects to restore normal services once a probe into the incident...
Chainlink Addresses Concerns as Users Spot Subtle Alterations to Multisig
25.9.2023
Decentralized oracle network Chainlink (LINK) has responded to criticism regarding a recent alteration to the number of signers required on its multisig wallet.
The change, which reduced the required number of signatures from 4-of-9 to 4-of-8, sparked backlash from critics on social media...
Arbitrum Treasury Richer by $59M as Users Miss Claims Deadline
25.9.2023
Users had nearly six months to claim the tokens after an airdrop in March
Breaking: Mixin Network's Cloud Service Provider Hacked, $200 Million in Funds Affected
25.9.2023
Mixin Network has revealed that the database of its cloud service provider was attacked on September 23, resulting in the loss of a substantial sum of assets on the mainnet.
As per the official announcement, the amount of funds affected in the hack was $200 million.
The incident prompted Mixin...
Liquid-Staking Token-Backed Stablecoin MKUSD Surges 27,000% in Under a Month
23.9.2023
Since the start of 2023, the size of the stablecoin economy has decreased amid numerous redemptions. However, new stablecoin asset projects, such as Aave’s GHO, First Digital’s FDUSD, and Paypal’s PYUSD, have emerged. On September 1, a stablecoin protocol named Prisma Finance...
Base Network Outstrips Solana's TVL as Summer Lull Draws to a Close
23.9.2023
Coinbase's layer-2 network, Base, has surpassed Solana (SOL) in terms of total value locked (TVL).
Base's TVL has reached an impressive $397.32 million since its launch in August, outpacing Solana's TVL of $358.96 million, data from DefiLlama shows.
Over the past month, Base has experienced...
DeFi activity on the decline, but investment rolls in: Finance Redefined
23.9.2023
The total value locked in DeFi plunged by nearly $5 billion in the past week, falling to $44 billion, according to DappRadar data
Base surges past Solana as total value locked nears $400M
23.9.2023
As per DeFi Llama data, Solana’s TVL has decreased by 9.64% over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million
Polygon zkEVM launches Dragon Fruit on Mainnet
22.9.2023
Polygon Labs has announced that it has officially launched Dragon Fruit on Mainnet Beta. The upgrade is imperative from the point of view of Polygon, as it is the first Ethereum layer-2 solution to support the latest EVM opcode, PUSH0. Polygon Labs has called this the first major upgrade while...
Digital Assets Worth Billions Still Secure Despite Rise in Cyber Attacks — Former Microsoft Security Lead
22.9.2023
A former Microsoft Security Lead has insisted that a great proportion of digital assets worth billions of dollars are secure and are being “safely managed by hundreds of protocols.” The security expert suggested that protocols also need to have a platform that allows users to rate...
Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making It a Real Thing
22.9.2023
A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity
Coinbase’s L2 Blockchain Base Skyrockets 111% in 41 Days, Overtaking Solana in TVL
21.9.2023
According to statistics, Coinbase’s Layer two (L2) blockchain, built on Ethereum and using Optimism’s open-source OP Stack, has grown significantly in the past 41 days. Since August, when the platform had a total value locked (TVL) of $175 million, the figure has increased 111% to $370...
Injective forms a collaboration with Oraichain
21.9.2023
Injective collaborates with Oraichain to work on innovation through the convergence of Artificial Intelligence (AI) and Decentralized Finance (DeFi). The aim is to improve user exposure, encourage interoperability, and provide an array of transformative products that will benefit DeFi users, both...
GRO looks at ceasing official activity amid sector-wide slump
21.9.2023
GRO has decided to shut down all of its present business-related activities following the slow downfall of the DeFi arena. Their plan is to return the remaining treasury to the GRO token owners, who can then have the option of transferring it to a redemption contract. In the case of the DeFi arena...
Balancer blames ‘social engineering attack’ on DNS provider for website hijack
21.9.2023
Blockchain security firms SlowMist and CertiK also believe the crypto wallet drainer Angel Drainer was involved in the estimated $238,000 exploit
MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target
20.9.2023
Maker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, is nearing its highest price since last May, buoyed by rising protocol profits and large investors accumulating the token