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Tether, the issuer of the USDT stablecoin, has emerged as the entity holding the world's 11th largest Bitcoin reserve, raising concerns about market manipulation. Discovery: Tether Holds the World's 11th Largest Bitcoin Reserve Tether's Bitcoin Holding Discovery Despite Tether not officially disclosing its Bitcoin
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The trend of leveraging yields from traditional financial instruments (RWAs) is becoming increasingly popular among DeFi protocols. Recently, Frax Finance has announced its proposal to integrate this approach. Frax Finance's RWA Proposal The proposal, titled FIP-277, focusing on Real World Assets (RWAs), was shared by founder Sam Kazemian
On-chain data indicates that the CRV-ETH pool on Curve has once again been targeted by a flash loan attack. Fortunately, a white-hat hacker intervened to rescue and return the assets. Flash Loan Attack on CRV-ETH Pool The crypto community on Twitter is abuzz with discussions about Curve Finance, especially after
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In the past 12 hours, the stablecoin Tether (USDT) has depreciated due to sell-off pressure across liquidity pools on Curve and Uniswap, similar to the depegging incident in mid-June. USDT Depreciates Due to Sell-off Pressure on Curve and Uniswap On-chain data reveals that a series of traders have seemingly liquidated
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ProShares and Bitwise have entered the race for ETFs by submitting applications to the U.S. Securities and Exchange Commission (SEC) for approval of ETF futures focused on Bitcoin and Ethereum. ProShares, Bitwise File Application for ETF Futures on Bitcoin and Ethereum Continuing the ETF race, ProShares and Bitwise have
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CertiK, the auditing firm, has reported a security vulnerability that could expose Worldcoin to the risk of control seizure over the Orb globe. CertiK Reports Vulnerability Potentially Allowing Worldcoin Orb Control Seizure According to CertiK's tweet on May 29, the technical audit firm identified a security loophole within
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Curve Finance founder Michael Egorov has sold a large amount of CRV to raise funds to maintain his borrowing positions across multiple DeFi protocols. Overview of the OTC Sale According to on-chain data trackers, as of the morning of August 04 (Vietnam time), Michael Egorov has sold a total of
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To prevent further liquidity loss, Curve Finance and the affected projects have proposed an agreement allowing the hackers to keep 10% of the stolen funds as a reward. Curve Finance's Bug Bounty Offer On July 31, the crypto market was shaken by the news of an exploit in
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After Curve Finance sent on-chain messages to the hackers, the first batches of funds have started being returned to the affected projects. Background on the Curve Finance Exploit On July 30, vulnerabilities in the liquidity pools of Curve Finance, which use the Vyper language, were exploited by hackers. The projects
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Celo has added Google Cloud to its list of transaction validators for its network, marking a milestone in transitioning to layer-2. Google Cloud Partners with Celo as Validator - CELO Price Soars In an announcement late on August 2nd, the Celo Foundation revealed that Google Cloud, the computing giant, is
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Financial analyst James Seyffart from Bloomberg has raised the probability of SEC approval for a Bitcoin spot ETF to 65%, citing recent positive developments. Bloomberg Analyst Predicts a 65% Chance of Bitcoin Spot ETF Approval In a Twitter post on August 3rd, Bloomberg ETF analyst James Seyffart suggested that the
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Europe's largest ETF investment firm, Direxion, has filed an application for leveraged ETFs for BTC and ETH, joining a race of cryptocurrency ETFs alongside 6 other companies that also filed applications this week. Direxion Files Application for ETF Futures for Bitcoin and Ethereum According to documents submitted to