Category Archive: Cryptocurrency, No picture
Balancer Secures Over 80% of Funds at Risk After Vulnerability Report
Key Takeaways Roughly $10M remain at risk. Balancer quickly secured over 80% of funds. Balancer, a DeFi lending pioneer, received a vulnerability report a few hours ago that found over 100 of its V2 pools are at risk. The team quickly secured over 80% of the funds, but roughly $10 million remains at risk. The […]
Unknown Bitcoin Whale Emerges as 3rd Largest Wallet, BlackRock & Gemini Suspected
Key Takeaways Unknown whale holds over $3 billion in Bitcoin. The owner’s identity remains unconfirmed. During the past three months, a new Bitcoin whale has emerged, amassing 118,300 Bitcoin worth over $3 billion at current market prices, according to data from BitInfoCharts. The identity of the owner remains unclear, giving rise to various theories pointing […]
USDC Launching on 6 New Chains as Coinbase Invests in Circle
Key Takeaways Coinbase invests in Circle. Circle will manage USDC after Centre Consortium dissolves. Stablecoin regulation clarity improves worldwide. Circle, the company behind USDC, plans to expand the stablecoin to 6 new blockchains between September and October this year. This will bring the number of USDC-supported chains to fifteen. The news comes a week after […]
$99M Avalanche Tokens to Unlock This Saturday
Key Takeaways Avalanche will unlock assets roughly valued at $99 million. There will be a 25% token supply increase over the next year. This Saturday, Avalanche will unlock roughly 9.54 million tokens valued at $99 million. Over the next year, there will be a 25% token supply increase totaling 84.2M tokens, according to data from […]
Steve Cohen-backed NFT Platform Recur to Close Doors After Raising $50M Just 2 Years Ago
Recur, a prominent NFT platform backed by hedge fund mogul Steve Cohen, has decided to wind down its Web3 platform operations, despite having raised $50 million in a series A funding round in late 2021 at a valuation of $333M. This decision was outlined in a statement from Recur on Twitter: “unforeseen challenges and shifts […]
Trending Social App Friend.Tech Tops Uniswap in Fees Earned But Leaks Private Data of 100k Users.
Key Takeaways Bitcoin and Uniswap lag behind Friend.tech in fee generation. Over 100,000 wallet addresses and Twitter usernames leaked. In the last 24 hours, Friend.tech, a social app built on Base, surpassed Uniswap and Bitcoin in fees generated but then leaked wallet addresses and Twitter usernames of over 100,000 users. Friend.tech, the recently launched web3 […]
US Crypto Revival: ETH ETF Approval Nears, Coinbase Futures Greenlit
Key Takeaways The Coinbase app will add BTC and ETH futures soon. SEC may be ready to approve an Ethereum fund. Seven different funds were proposed to the SEC this month. After months of regulatory hurdles, the US crypto industry finally enjoyed a week of progress. Coinbase got approval to offer futures trading in the […]
3 Scams, One Week: Optimism and Base beset by Hacks and Rugs
Today, Exactly Protocol, a DeFi lender on Optimism, lost 7,160 ETH, or over $12 million, due to smart contract vulnerabilities that hackers exploited. RocketSwap, the second largest DEX on Coinbase’s Base also was hacked for 471 ETH earlier this week. To make matters worse, SwirlLend, another DeFi lending protocol that recently went live on both […]
Elon & China: Possible Reasons For The Recent Market Panic
Cryptocurrency prices plunged late Thursday afternoon, with BTC dropping more than 7% to $25,600 within 10 minutes, its most significant one-day drop since the FTX collapse in November of 2022. Analysts speculate that the selloff could have been triggered by a Wall Street Journal (WSJ) report revealing that SpaceX, Elon Musk’s space rocket company, sold […]
Shiba Inu Botches Shibarium Launch, $2.5M in Crypto Stuck
Key Takeaways Shibarium launch faced challenges as bridging issues resulted in $2.5 million worth of assets being trapped on-chain. The project’s lead developer claims ‘funds are safu’ and denied any bridge-related issues. Shibarium’s much-anticipated launch had a rocky start when bridging issues left $2.5 million worth of assets trapped on-chain. Shiba Inu’s anonymous lead developer, […]
