defi
Arbitrum DAO has recently approved a proposal to establish a short-term incentive program to support the most active projects in the Arbitrum ecosystem by allocating 50 million ARB tokens (worth approximately $41 million). Key Points * Proposal Details: More than 65% of ARB token holders voted to allocate 50 million ARB
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Introduction Decentralized derivatives exchange GMX has rewarded a $1 million bug bounty to Collider's research team for identifying a significant flaw in the platform. This bug was related to the debt-tracking mechanism, affecting the token pricing displayed to liquidity providers in GMX V1. The issue, discovered in 2022,
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Ripple will not proceed with the acquisition of Fortress Trust. Photo: U. Today Despite initially considering the acquisition earlier this month, Ripple recently reversed its decision. The information was shared directly by Ripple CEO Garlinghouse on his personal X account (Twitter): "A few weeks ago, we expressed interest in
NFT & GameFi
English Premier League club Tottenham Hotspur will be launching a fan token named SPURS through a partnership with Chiliz. Tottenham Hotspur Football Club Launches Fan Token on Chiliz According to the announcement, SPURS will be priced at $2 during the fan sale starting on October 4. Token holders will gain
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Jade Protocol, an early-stage crypto investment DAO, is facing the possibility of dissolution and the distribution of its $31 million treasury to investors. Key Points * Proposal for Dissolution: On September 25, a member named VampireOfCrypto proposed the dissolution of the Jade Protocol DAO. The proposal cited a darkening regulatory environment
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Similar to Bitcoin ETFs, the U.S. Securities and Exchange Commission (SEC) has opted to delay two Ethereum spot ETF proposals from major Wall Street players. SEC Delays Two Ethereum Spot ETF Proposals from ARK Invest and VanEck In its latest decision early on September 28 (Vietnam time), the U.
NFT & GameFi
The world’s largest retailer, Walmart, will be launching the Pudgy Penguins NFT toy collection across 2,000 stores in the United States. Pudgy Penguins NFT Toys Hit 2,000 Walmart Stores Following its debut on Amazon, the Pudgy Penguins-branded toy collection is making its way to retail giant Walmart.
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Latest Update as of 27/09/2023: According to Lookonchain, as of the afternoon of September 27, Curve Finance founder Michael Egorov has fully repaid his debt on Aave. In the past two days, Egorov deposited 68 million CRV (worth $35.5 million) into Silo Finance as collateral, subsequently borrowing
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Introduction Mixin Network, a cross-chain project that recently reported an exploit threatening losses of up to $200 million, has sent an on-chain message to the attacker, proposing a $20 million bug bounty if they return the stolen funds. Key Points * On-Chain Message to Attacker: Mixin Network has sent a message
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The U.S. Securities and Exchange Commission (SEC) has decided to postpone ARK Invest's Bitcoin ETF proposal to early 2024. SEC Delays ARK Invest's Bitcoin ETF Proposal to January 2024 In its latest ruling, the U.S. Securities and Exchange Commission (SEC) has extended the decision
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Ethereum, the world's leading smart contract platform, has shown exceptional growth outpacing both Meta and Microsoft. Ethereum Achieves $10 Billion in Revenue Ahead of Major Corporations. Photo: Nasdaq As the second-largest blockchain network globally, Ethereum has generated over $10 billion in revenue since its launch in 2015. This
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Trader Joe, the largest DEX on Avalanche, has recently submitted a funding proposal worth $1.83 million in ARB to Arbitrum DAO. The proposal outlines the allocation of the grant for the following purposes: * Supporting Arbitrum developers * Supporting multi-chain developers compatible with Arbitrum * Attracting new developers to the Arbitrum ecosystem