Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
The Ethereum Foundation’s email was hacked on June 23, sending scam emails to 35,794 recipients promoting a fake Lido staking scheme. The foundation regained control swiftly, with no funds lost. #CryptoSecurity #Update
ArcBlock’s $ABT token surged 20% to $0.31, driven by a 450% rise in trading volume to $8.3M, thanks to the new “Stake to Publish” feature enhancing security and quality on its platform. #Update #Crypto
.@Aptos_Network proposes deploying @AaveAave’s V3 on the Aptos mainnet, marking its first non-EVM deployment. Benefits include high transaction throughput (30,000 TPS), enhanced security, and cost efficiency. Up to 2M APT in rewards. #Update #DeFi
Starknet Foundation allocates an additional 50M STRK to its DeFi Spring 2.0 program, increasing the total to 90M STRK. The initiative, in collaboration with OpenBlock Labs, aims to boost Starknet’s DeFi ecosystem from July-Dec 2024. #Update
Michael Egorov, founder of Curve Finance, transferred $30M in CRV tokens to Christian Catalini to prevent market instability. He proposed burning 10% of CRV’s supply and introduced a 3-month APY booster for voters. #CRV #Update
Akash Network ($AKT) surged 20% this week to $3.60, while $AAVE rose 18% to $96, and $KAS increased 20.5% to $0.15. Akash’s 50% April boom led to over $1B market cap. #Update #Crypto #Blockchain
New IRS rules mandate crypto brokers to report transactions, including stablecoin and high-value NFT trades, from Jan 1, 2025. DeFi and unhosted wallet guidelines are deferred. 15M users, 5K firms impacted. #CryptoTax #Update
The US government targets non-custodial DeFi services in a crackdown involving @TheJusticeDept, @USTreasury’s OFAC, and @SECGov. Notable actions include charges against Samourai Wallet and Tornado Cash developers, driving companies like Wasabi Wallet out of the US. #DeFi #Update
Andromeda integrates with @InjectiveLabs to boost DeFi adoption, enabling users to fractionalize, tokenize, and trade digital assets on a unified platform. This partnership enhances multi-chain composability and user experience. #DeFi #Update
MKR surged 9% to $2,522 after MakerDAO’s $1.35M audit contest was announced. Trading volume hit $107M, up 23%. The contest aims to enhance the Endgame project’s security, starting July 8, 2024. #CryptoNews
PancakeSwap launches AI-driven predictions market on Arbitrum, letting users forecast $ETH price movements every 10 mins for token rewards. Celebrating with a 9-week campaign and 60,000 $ARB reward pool. #DeFi #Update
North Korean hackers Lazarus Group likely behind a $4.3M attack on Bitcoin-focused defi platform ALEX Lab in May. ALEX Lab works with international law enforcement to recover funds and boost security. #CryptoSecurity #Update
Bitcoin’s price is influenced by fiat currencies, stablecoins, and spot-based ETFs, says @ki_young_ju of @cryptoquant_com. Negative Coinbase premium reflects weak fiat inflows. Bitcoin’s RSI shows it’s oversold, hinting at a potential rebound. #Update #Bitcoin
Infrared Protocol secures funding from @BinanceLabs to expand its team and conduct audits, preparing for the Berachain V2 testnet. With plans to hire three more, Infrared aims to launch its IRED token, enhancing flexibility and efficiency in #DeFi. #Update
