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Kyber Network plans to use its project funds to compensate users affected by the mid-November KyberSwap hack. On the evening of December 1st, Kyber Network, the operator behind the DEX KyberSwap, released an update on their handling of the damages from the recent attack. The hack, which occurred two weeks
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Early on December 1st, the DeFi community discovered two transactions on the Blast platform with significant slippage, causing users to lose 10% of their funds. Specifically, the address "0xf71...68D2" deposited 500,000 USDT into Blast's contract, but after the automatic swap process in the Curve
defi
The Starknet Foundation, the entity supporting the development of Layer-2 Starknet, has released the latest updates regarding the upcoming airdrop rumors. Starknet Foundation Confirms Deadline for STARK Token Airdrop Recently, the Twitter community circulated a screenshot of an interface on the Starknet (STRK) website listing various criteria for qualifying for
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With expectations of continued market growth, Matrixport Research reaffirms its prediction that BTC will reach $63,140 by April 2024 and $125,000 by the year's end. Matrixport continues to predict Bitcoin will rise to $63,140 by April 2024 According to a recent report by Matrixport, the
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Chainlink's v0.2 Staking mechanism has officially launched on mainnet, increasing the liquidity pool limit to 45 million LINK tokens. Chainlink Upgrades Staking Mechanism to v0.2 with 45 Million LINK Pool Image: CoinMarketCap As announced on November 28th, the decentralized computing protocol Chainlink has introduced Staking v0.
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Blockchain Layer-1 Sei will support compatibility with the Ethereum Virtual Machine (EVM) in its upcoming V2 update. Sei Introduces V2 Compatible with EVM Virtual Machine System Sei to support EVM To facilitate the development of Ethereum-compatible smart contracts, Sei V2 will integrate Geth, a popular client software within the EVM
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Binance is set to "execute" its stablecoin BUSD in the coming days, after nearly a year under scrutiny by U.S. authorities. Binance Officially Removes BUSD Stablecoin Starting December 15. Photo: Shutterstock Binance will officially cease support for BUSD starting December 15, following the issuer Paxos being forced
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A wallet address has been consistently buying Bitcoin (BTC) for several weeks, sparking intrigue within the community. Someone Quietly Accumulated $424 Million in Bitcoin Over the Past 3 Weeks. Photo: SchiffGold According to data from Bitinfocharts, the owner of an anonymous wallet has spent $427 million to acquire 11,269
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Algorithmic stablecoin USTC, a remnant of the collapsed Terra ecosystem, is on a path to recovery with a more than 300% increase after being listed on Binance Futures USDⓈ-M contracts. TerraClassicUSD (USTC) Surges 310% Following Binance Futures Contract Launch According to price data from CoinMarketCap, USTC-LUNC (formerly UST-LUNA) from
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Maple Finance (MPL), a pioneering project in integrating traditional financial concepts into DeFi, announced on November 28, 2023, its collaboration with Circle to enhance the adoption of the USDC stablecoin through secured lending pools. In an announcement on November 28, 2023, Maple Finance (MPL), a project known for integrating traditional
defi
dYdX Chain, the layer-1 blockchain on Cosmos by the namesake DEX, has completed its mainnet launch and is kicking off a $20 million "Incentive Program." After a successful voting process, dYdX has transitioned from beta to the official mainnet as of November 28. Traders can now start earning
defi
Both Velodrome and Aerodrome have confirmed the incidents, with on-chain detective ZachXBT identifying the attacker's wallet address, initially linked to over $70,000 in losses. Update on 02/12/2023: By the morning of December 2nd, Velodrome and Aerodrome announced that their front-ends had been attacked again, advising