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On the afternoon of April 8th, BTC surged past the $72,000 mark, while ETH approached $3,600 ahead of the impending Bitcoin Halving. Cryptocurrency Market Volatility at 05:20 PM on 08/04/2024. Source: Coin360 After days of sideways movement below $70,000, Bitcoin's price surged
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dYdX, the decentralized derivatives exchange, has moved 20 million DYDX tokens, approximately $60 million at current prices, into staking with the Stride platform. Image Credit: CoinDesk Community Approval and Implementation The dYdX community has approved a proposal to stake 20 million DYDX tokens with Stride. This initiative aims to enhance
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In the past week, Solana has continuously been the target of attacks and jokes from "other networks." However, what exactly is causing the unsuccessful transaction processing on Solana? Does this mean the network is "frozen"? Will the upcoming patches address this issue thoroughly? Let's
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The blockchain of decentralized exchange dYdX recently faced a chain halt following a new upgrade deployment. dYdX Chain Experiences Block Creation Failure Post-Upgrade Deployment The incident occurred at noon on 08/04. On-chain data indicated that the block creation process had been halted, and the dYdX team is currently debugging
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The governance token ENA of the decentralized stablecoin project Ethena has become one of the top performers today (08/04), driven by an increase in staking rewards. Ethena (ENA) Price Surges Due to Increased Staking Rewards The governance token ENA of the decentralized stablecoin project Ethena has become one of
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After a period of voting, MakerDAO has approved a proposal to inject up to 1 billion DAI into lending pools with collateral assets being USDe/sUSDe stablecoins developed by Ethena. MakerDAO Implements Plan to Inject Additional DAI into USDe Lending Pools The proposal was approved on the evening of April
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Following in the footsteps of Uniswap and Frax, Aave is the next DeFi project looking to propose revenue sharing from transaction fees to its token holders. Aave to Gather Community Input on Fee Distribution Proposal Marc Zeller, a senior member of Aave's management team, has announced that the
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Initially, Wormhole mistakenly allocated airdrop tokens to wallet addresses associated with individuals who had previously attacked its platform. Wormhole accidentally includes attacker in airdrop list. Image: Unchained Crypto The cross-chain protocol Wormhole inadvertently included a hacker from the 2022 attack in its airdrop list. This discovery was made by an
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The Solana network is facing a major issue with up to 75% of transactions failing during execution, significantly impacting user experience. According to data compiled by Dune Analytics, Solana has witnessed up to 75% of "non-vote" transactions—transactions involving token transfers, not staking or governance—failing within the
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Ethena Labs aims to increase the total supply of USDe to 5 billion USD by allowing Bitcoin to be used as collateral for this stablecoin. Ethena Introduces Bitcoin as Collateral for USDe Stablecoin In an announcement on the evening of April 4, decentralized stablecoin project Ethena (ENA) revealed that it
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A governance proposal on SushiSwap aims to transfer assets from the DAO treasury to "Sushi Labs," directing future revenues to Labs instead of the DAO. SushiSwap Plans to "Abolish" DAO for Self-Benefit? In a recent reorganization proposal for SushiSwap, the DEX aims to enhance operational efficiency
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A trading bot named "jaredfromsubway" has earned nearly $300,000 on April 3rd, marking its highest profit since September 2023. MEV Bot Sets Profit Record Targeting Ethena (ENA) Transactions On-chain data compiled by analyst Dune @kevinzzz reveals that the bot "jaredfromsubway" executed MEV (Miner Extractable Value)