Terra Luna Classic nears a milestone with a 15.16% staking ratio and 1.025T $LUNC staked. A Binance wallet recently staked 1.3B $LUNC, showing strong community commitment. Developer Fragwuerdig’s Oracle Split logic aims to enhance staking rewards and network sustainability. $LUNC price up 1% to $0.00007175. #Update
Mantra (OM) hit an all-time high of $1.2711, fueled by rising RWA tokenization demand. Boosted by Blackrock’s BUIDL fund surpassing $500M, Mantra offers 21.1% staking rewards and partners with UAE’s MAG for real estate tokenization. #Update
ESMA clarifies that under MiCA, crypto staking is not banned but must be authorized as it is considered ancillary to custody services. CASPs must provide specific disclosures and obtain user consent before staking assets. This move aims to address concerns over asset loss and user access. #CryptoRegulation
? Major DNS hack hits multiple DeFi protocols, including @CelerNetwork & @compoundfinance. Security experts warn 11 platforms, like Pendle Finance & THORChain, are at risk. Users advised to avoid DeFi dapps until threat is mitigated. #CryptoSecurity
Compound Finance’s website, backed by @coinbase and @a16z, was hijacked, redirecting users to a phishing domain. Blockchain sleuth ZachXBT highlighted the issue, stressing the need for robust security in #DeFi. #Update
Terra Classic developer Till Z released the v3.1.0 update to enhance $LUNC staking by diverting 10% of Oracle pool rewards. LUNC staking nears an all-time high with 1 trillion staked and a 20% increase in futures open interest. Trading volume up 40%. #Crypto #Update
1inch Labs launches Web3 RPC API to streamline blockchain development. This tool supports 10 EVM-compatible networks, ensuring stable and reliable interactions without the need for developers to run their own nodes. Enhance your dApp projects with ease. #Update #Web3 #BlockchainDevelopment
EOS Network launches a $127M staking rewards program with 85,600 $EOS tokens distributed daily and an initial 60% APY. Lock-up periods increased from 4 to 21 days. EOS supply capped at 2.1B tokens to boost stability. #Update #CryptoNews
Decentralized finance needs refining to rival traditional banking. DEXs face liquidity fragmentation and volatility, but platforms like Stabble on Solana are improving AMM models and addressing impermanent loss. Greater financial autonomy is on the horizon. #Update #DeFi
Orbs launches its Liquidity Hub on Fenix Finance, enhancing liquidity and capital efficiency for Blast users. This integration promises reduced slippage, gas-free transactions, and MEV protection. Fenix Finance has seen $150M in volume since its Open Beta. #Update #DeFi
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
