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Ethereum Prepares for a Price Rally; Can ETH Hit $3500 Soon?


Ethereum, the second-largest cryptocurrency, is way closer to becoming the top cryptocurrency. ETH is barely 50% away from overthrowing Bitcoin’s market-dominant position. ETH is more likely to challenge its all-time high level than succumb to further profit booking at the latest traded value....

Yeti Posts $500 Million TVL in 24 Hours After Launch on Avalanche


DeFi has grown large enough to offer everything a traditional finance firm could offer in the last few years. The DeFi borrowing protocol is the recent addition to this list and brings tonnes of benefits one can only seem of in TradFi. Yet is one such borrowing protocol built in the Avalanche...

$76 Million Wiped Out From Beanstalk Stablecoin Protocol in Hacking


Beanstalk has been built on Ethereum, and it is a decentralized credit-based stablecoin protocol. Beanstalk leverages its credit system to create a blockchain native asset that is liquid and decentralized. Beanstalk encourages the participation of its community members to maintain the peg...

Beanstalk Hacker Drains USD 182M from Project, But Nets Only USD 80M


  Beanstalk, a decentralized credit-based stablecoin protocol, fell victim to a flash-loan attack over the weekend that saw the protocol exploited for USD 182m worth of crypto. However, the attacker managed to cash out 'only' USD 80m. According to blockchain security firm PeckShield, the attacker...

Skynet EGLD Capital Raises $40M to Invest in Elrond


Skynet EGLD Capital, the first licensed fund that accepts in-kind subscriptions on Elrond, recently concluded its fundraising round. The venture gathered over 40 million dollars to support the development of Elrond. The market considers Skynet EGLD Capital as the brainchild of Skynet Trading’s...

IOST Announces $100M Fund to Boost EVM Multi-Chain Ecosystem


The IOST Foundation has announced a 100 million dollar fund for EVM developers. The venture joined with ecosystem partners and venture capital institutions to create the Exclusive Incentive Fund. The objective behind the development is to gather next-gen projects and boost their growth in IOST’s...

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