Coinbase's Much-Hyped New Base Blockchain Draws Modest $10M of Inflows on Launch Day
[Aug 10, 2023 8:17 AM] However, nearly $166 million had already flowed to the blockchain ahead of the official launch.
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Solana Beats Out Ethereum To Emerge As Best Performer In Terms Of TVL
[Aug 10, 2023 4:00 AM] Ethereum is currently dominating the DeFi and smart contract niches when it comes to the Total Value Locked (TVL). However, while Ethereum is still the king, other chains like Solana, Avalanche, and Polkadot compete to prove themselves worthy…
The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software
[Aug 9, 2023 4:00 PM] In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The…
Cardano-Native MuesliSwap To Refund Users After “Slippage” Misunderstanding
[Aug 9, 2023 2:00 PM] MuesliSwap, a decentralized exchange (DEX) on the Cardano network, has announced its decision to reimburse its users that have been affected by high slippage over the past year. This is in response to the recent questions faced by the protocol on…
As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks
[Aug 9, 2023 10:27 AM] Curve, a leading decentralized exchange on Ethereum, was hacked for $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk.
Another Fantom project winds down citing Multichain exposure
[Aug 9, 2023 9:16 AM] Over $1.5 billion of users’ and enterprises’ assets were held on Multichain prior to the arrest of its CEO, Zhaojun He.
Web3 Security Startup Cube3.ai Emerges From Stealth With $8.2M Seed Funding
[Aug 9, 2023 7:00 AM] The fundraising was led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures.
Cardano DEX MuesliSwap to refund users after slippage confusion
[Aug 8, 2023 10:03 PM] The MuesliSwap team wants to refund users who have lost funds to high slippage due to the way the DEX’s matchmaker was set up.
Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution
[Aug 8, 2023 2:39 PM] The Ethereum-based crypto trading protocol will shut down and distribute its treasury to investors.
Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud
[Aug 8, 2023 7:54 AM] Hundreds of millions of dollars have been lost to scams and exploits in July alone.
Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers
[Aug 8, 2023 7:00 AM] A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to the retail mutual insurer comprising over 5,000 shopkeepers and small retail businesses.
Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist
[Aug 7, 2023 2:33 PM] First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it's having to spend big on lawyers to pursue suits and other remedies.
Lido Attracted 10K Ether Stakers to Protocol in July
[Aug 7, 2023 8:32 AM] The largest staking service provider also crossed $15 billion in total value locked, a level not seen since May 2022.
Curve Finance Announces $1.85 Million Bounty For Stable Pool Exploiter
[Aug 7, 2023 6:00 AM] Curve Finance, a popular decentralized (DeFi) protocol, has recently announced that it was rewarding persons capable of identifying the exploiters behind the draining of over $61 million from the platform’s stable pools on July 30. The huge bounty…
Curve Recoups 73% of Hacked Funds, Bolstering CRV Sentiment
[Aug 7, 2023 1:21 AM] A public bounty is now open for finding the remaining funds with a $1.8 million reward.
First Mover Asia: Bitcoin Teases $30K While the Long Wait for an ETF Continues
[Aug 6, 2023 7:52 PM] Trading volume is down, but all signs point to a break-out around the corner.
DeFi Definitely Isn't Dead
[Aug 5, 2023 5:00 AM]
Boosting adoption with DeFi asset management: Velvet Capital joins Cointelegraph Accelerator
[Aug 5, 2023 4:00 AM] The decentralized asset management OS Velvet Capital that is driving DeFi adoption joins the Cointelegraph Accelerator program.
Base Opens Ethereum Bridge, Mainnet to Launch August 9
[Aug 5, 2023 3:00 AM] Base, the Ethereum L2 (layer 2) scaling layer backed by Coinbase, has opened bridging for selected assets from Ethereum. In a blog post, the protocol also announced that the Base mainnet deployment was slated for August 9, allowing free access to…
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
Curve Impressively Adds 22% As Founder Sells CRV To Repay Aave Loan
[Aug 3, 2023 8:00 PM] CRV, the governance token of Curve, a decentralized exchange for stablecoins and a key player in the decentralized finance (DeFi) landscape, has impressively recovered, adding 22% after sinking to its August 2023 lows this week. When writing on…
Optimism transactions surpass Arbitrum, but what’s behind the uptick in users?
[Aug 3, 2023 2:30 PM] Transactions on Optimism recently eclipsed the Arbitrum network, but do the project’s fundamentals support a sustainable growth trajectory?
Breaking: Elon Musk’s X To Launch Trading App, Dogecoin To Play A Part?
[Aug 3, 2023 11:49 AM] According to a recent report by Semafor, the company formerly known as Twitter (X) is making waves yet again, as it seeks to transform itself into a financial data giant by building a trading hub within its app. Will Dogecoin take the center of the…
Solana Tokens or: How I Learned to Stop Worrying and Love the Points
[Aug 3, 2023 9:07 AM] Could loyalty programs and token airdrops embiggen Solana DeFi? Danny Nelson heads to Utah to find out.
GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut
Shiba Inu Takes Step to Become DeFi Contender, Will Add Digital IDs to Ecosystem Projects
[Aug 3, 2023 3:50 AM] Digital identity verification will be a part of all Shiba Inu developments in the future, including on the upcoming Shibarium layer 2 blockchain.
Key On-Chain Metric Points to Stagnation, Will Ethereum Ever Break $2,000?
[Aug 2, 2023 9:00 PM] According to Etherscan data, the number of active ERC-20 addresses has not changed much in 2023. It has stayed between 200,000 and 300,000 while Ethereum prices stagnate below July 2023 highs. As of August 2, there were about 275,000 active ERC-20…
Aave price takes double-digit hit, but strong fundamentals point to eventual recovery
[Aug 2, 2023 2:37 PM] The Aave price may have been impacted by this week’s Curve Finance scandal, but a robust insurance fund and steady fee revenue could protect against further downside.
Abracadabra Protocol To Counter CRV Risk With 200% Interest Rate Hike
[Aug 2, 2023 12:00 PM] DeFi lending protocol, Abracadabra Money, is currently debating a proposal to boost the interest rate in its CRV lending markets as it looks to mitigate its exposure to the DeFi token. In the last few days, CRV has seen its value decline…
Web3 startups queue up: Consensys Startup Program partners with Cointelegraph Accelerator
[Aug 2, 2023 11:03 AM] Cointelegraph Accelerator participants will get a headstart with Consensys’ Web3 solutions, including MetaMask, Infura and Linea zkEVM.