defi
Socket, the developer behind the Bungee bridge, has confirmed that their cross-chain solution was hacked, resulting in a $3.3 million loss. Update on January 23: In a recent announcement on the afternoon of January 23, Socket revealed that they have recovered 1,032 ETH (valued at $2.3 million)
defi
Manta Pacific, the layer-2 blockchain developed by Manta Network, has officially surpassed Base, the layer-2 solution by Coinbase, becoming the fourth largest Ethereum scaling solution by Total Value Locked (TVL). Manta Pacific, the layer-2 blockchain of Manta Network, has reached a TVL peak of $850 million. TVL Trends of Manta
Big Cap
Sui (SUI) has entered the top 15 leading blockchains by daily and weekly trading volume. Sui (SUI) "Rapidly Accelerates" to Achieve New ATH at $1.45 On January 15th, the layer-1 blockchain Sui (SUI) officially reached a new all-time high (ATH) of $1.45. The coin has been
Big Cap
TrueUSD (TUSD), a stablecoin reportedly associated with crypto mogul Justin Sun, is experiencing a depegging phase, plummeting to as low as $0.984 on the Binance exchange. Over the past 24 hours, the TUSD/USDT trading pair recorded a trading volume exceeding $410 million, constituting 62% of the global TUSD
Big Cap
Since its inception in 2018, the stablecoin USDC has demonstrated its resilience within the $12 trillion blockchain transaction market, the company announced. Circle: $130 Billion USDC Remittance Flow into Asia in 2022. Photo: Forkast Circle has just released a new report highlighting significant developments for their stablecoin. According to the
defi
On-chain data has recently surfaced, accusing the Polygon Foundation of lacking transparency in their token allocation process. Data tracking entity ChainArgos has highlighted discrepancies in the token allocation to the Staking Contract as per the initial plan. Specifically, instead of the staking contract balance growing from 400 million tokens to
Big Cap
Tether's USDT now commands over 70% of the total stablecoin supply circulating in the market, surpassing its competitors in 2023. Tether (USDT) Gains 21% Market Share in 2023, Dominates Two-Thirds of Stablecoin Supply. Image: Decrypt Tether, the issuer of USDT, saw its stablecoin market share rise from 50%
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As part of their collaboration, Flare has joined the "Google for Startups" program to boost the Web3 startup ecosystem. Google Cloud Partners as Validator for Flare, FLR Surges 40%. Image: Google The cloud technology platform of tech giant Google has become a validator and infrastructure provider for the
defi
The Lido Finance community has recently seen a proposal to launch a dedicated blockchain for Liquid Staking operations, aiming to increase the value accumulated for the project's native token. The proposal, named "The L1do Blockchain," was introduced on Lido's forum, outlining a plan to
defi
A new proposal could provide an opportunity to capture a share of the Solana DeFi market, grow the user community, and increase TVL and protocol revenue for Aave if approved. The Neon Foundation and the Aave-Chan Initiative are considering a proposal to deploy a Minimum Viable Product (MVP) version of
NFT & GameFi
Azuki has unveiled Collector Status 1.0, a points-based reward system for its blue-chip NFT community, alongside several other updates in its 2024 development roadmap. To mark its 2-year anniversary, Azuki previewed upcoming product launches, marking a transition from the "Elementals" drama of mid-2023. We started as an
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SEC Chairman Gary Gensler once again affirmed that his agency currently only allows for the creation of spot ETFs for Bitcoin, and not for any other cryptocurrencies. SEC Chairman Responds Vaguely on Prospects for Ethereum Spot ETF. Photo: Bloomberg In an interview with CNBC on January 12th (US time), SEC
