Ethfinance Fee Fraud Alert by Washington DFI #DeFi
The WA State DFI has alerted on a $310K crypto scam by Ethfinance, where an investor couldn’t withdraw funds after refusing to add money to a “smart contract.” #CryptoScam #CryptoAlert
Defi
Curve Founder Faces Massive Liquidation: CRV Plummets 30% #Crypto
Curve DAO ($CRV) plunged 30% to $0.27 amid massive liquidations of founder Michael Egorov’s holdings. Despite the crash, Futures OI surged 108.32% to $105.65M. #CryptoNews #DeFi
Bitcoin Staking and DeFi via Merlin Chain #DeFI
Merlin Chain (@MerlinChain) allows $BTC holders to earn staking rewards and participate in DeFi. Over $13B in BTC bridged, $700M in rewards distributed, and $1.2B in TVL. #Crypto #DeFi
Ethereum Staking: MetaMask Launches Service with Catch #Ethereum
MetaMask, developed by @ConsenSys, launches a new pooled staking service for Ethereum, enabling users to stake any amount of $ETH. Available globally except U.S. and U.K. due to regulations. #Crypto #Updates
Grant Boosts Web3 Crowd Testing Platform Development #DeFi
The 1inch DAO is voting on a $150K USDC grant to develop a web3 crowd testing platform by xcrwd. Voting ends June 15, with 99.4% support. #Web3 #CryptoNews
Bitcoin Becomes DeFi Technologies’ Reserve Asset #DeFi
DeFi Technologies ($DEFTF) adopts Bitcoin as its primary reserve asset, acquiring 110 BTC worth $7.6M. This strategic move boosts their stock by 25% and reflects Bitcoin’s deflationary edge. #CryptoNews
Biconomy Launches DAN Stack for AI Delegation #DeFI
.@Biconomy launched the Delegated Authorization Network (DAN) on June 11, 2024, enabling safe AI on-chain delegation and improving crypto security. #Blockchain #AI
Solana Rival Gains Momentum with Rapid Adoption #Crypto
Newcomer Base is challenging Solana in the DeFi market, with daily active users surging from 437,214 to 642,630 in just two days! #DeFi #CryptoNews
Uniswap Surges 6% After Major Acquisition News #DeFI
Uniswap Labs acquires blockchain game Crypto: The Game, boosting $UNI by 6%. CTG founders will join Uniswap to develop Season 3. #Crypto #BlockchainGaming
DeFi Revolution: Jellyverse Launches Tools on Sei #DeFi
Jellyverse, @Balancer’s partner on @SeiNetwork, launches DeFi 3.0 tools: JellySwap DEX, JellyStake staking, and jAssets synthetics protocol. First Pool Party starts June 11. #DeFi #Updates
DeFi Hack: UwU Lend Loses $19.3M #DeFi
UwU Lend, created by Frog Nation’s ex-CFO 0xSifu, lost $19.3M in a 6-minute hack. Experts call for better DeFi security. #Crypto #DeFi
Bitcoin Surges: DeFi Technologies Treasury Boosts Stock #Bitcoin
DeFi Technologies ($DEFTF) adopts Bitcoin as its primary treasury reserve, purchasing 110 BTC worth $7.7M. Stock surged 11.11%, closing at $1.30. #DeFi #Bitcoin #Updates
Polkadot Funds $14.4M for DeFi Project Hydration #DeFi
Polkadot’s treasury allocates $14.4M to boost DeFi project Hydration, enhancing liquidity and efficiency. Phase one offers over 200% APY for liquidity providers. #DeFi #Polkadot
Staking Begins at Polyhedra Network After Trademark Win
Polyhedra Network launches a 4-week staking program with $1.13M in rewards for staking ZKJ tokens. Minimum 1,000 ZKJ required. Resolution of ZK trademark dispute boosts community trust. #crypto #Updates