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dYdX Insurance Fund Depletes by $9 Million Due to YFI Dump

DeFi

dYdX Insurance Fund Depletes by $9 Million Due to YFI Dump

dYdX, a decentralized exchange (DEX), had to use 40% of its $22.5 million insurance fund to cover losses from the 40% price dump of the YFI token. Image: dYdX Insurance Fund Depletes by $9 Million Due to YFI Dump One of the most talked-about tokens in the crypto community

By Web3 Station 18 Nov 2023
Taproot Wizards Pioneers Bitcoin Ordinals Trend, Secures $7.5 Million in Funding

NFT & GameFi

Taproot Wizards Pioneers Bitcoin Ordinals Trend, Secures $7.5 Million in Funding

Taproot Wizards, one of the pioneering projects in the Bitcoin Ordinals space, has successfully raised $7.5 million. Taproot Wizards Pioneers Bitcoin Ordinals Trend, Secures $7.5 Million in Funding In an announcement posted on the evening of November 16, Taproot Wizards revealed that it had completed a seed funding

By Web3 Station 17 Nov 2023
Trader Joe and SpookySwap Front-End Attacks: Users Advised to Halt Transactions

DeFi

Trader Joe and SpookySwap Front-End Attacks: Users Advised to Halt Transactions

Trader Joe and SpookySwap Front-End Attacks Update: On the morning of November 18, SpookySwap, a DEX on the Fantom network, also reported a front-end attack and urged users to cease interactions and usage of the platform. The Spooky team is currently investigating a frontend vulnerability on our domain 😿 Please do

By Web3 Station 17 Nov 2023
Fidelity Files Application for Ethereum Spot ETF

Big Cap

Fidelity Files Application for Ethereum Spot ETF

Following in the footsteps of BlackRock, another Wall Street asset management firm, Fidelity, has announced its intention to propose an Ethereum spot ETF. Early on the morning of November 18, U.S.-based asset management giant Fidelity Investments submitted documentation to the SEC to register an Ethereum spot ETF. Fidelity&

By Web3 Station 17 Nov 2023
Worldcoin (WLD) Price Drops 12% After Sam Altman's CEO Dismissal from OpenAI

Big Cap

Worldcoin (WLD) Price Drops 12% After Sam Altman's CEO Dismissal from OpenAI

Worldcoin's token WLD has seen a significant decline following the removal of key figure Sam Altman from his CEO position at OpenAI. Sam Altman eye-scanning with Worldcoin's Orb device (WLD). Photo: Twitter Sam Altman OpenAI, a leading artificial intelligence (AI) company, announced on November 17 (U.

By Web3 Station 17 Nov 2023
SEC Delays ETF Proposals from Franklin Templeton, Global X, and Hashdex

Big Cap

SEC Delays ETF Proposals from Franklin Templeton, Global X, and Hashdex

The U.S. Securities and Exchange Commission (SEC) has further postponed three Bitcoin and Ethereum ETF proposals from Franklin Templeton, Global X, and Hashdex. SEC Delays ETF Proposals from Franklin Templeton, Global X, and Hashdex According to a statement released on November 17 (U.S. time), the U.S. Securities

By Web3 Station 17 Nov 2023
EigenLayer Launches Phase 2 Testnet, Mainnet Expected in Q1 2024

DeFi

EigenLayer Launches Phase 2 Testnet, Mainnet Expected in Q1 2024

On November 17, 2023, EigenLayer, a solution allowing staked ETH holders to restake their coins, announced the launch of Phase 2 of its testnet. The mainnet for this phase is expected in the first half of 2024. The goal is to allow Operators (transaction validators and node operators) to contribute

By Web3 Station 17 Nov 2023
Pyth Network (PYTH) Airdrop Announcement and Exchange Listings

DeFi

Pyth Network (PYTH) Airdrop Announcement and Exchange Listings

Airdrop Details: Pyth Network, a prominent oracle project, has announced the airdrop of 255 million PYTH tokens to 90,000 eligible wallets. The airdrop will take place at 09:00 PM on November 20, 2023 (Vietnam time), and users will have 90 days to claim their rewards. The initial circulating

By Web3 Station 16 Nov 2023
Polygon Witnesses Surge in Gas Fees and Transaction Volume Due to New PRC-20 Standard

Big Cap

Polygon Witnesses Surge in Gas Fees and Transaction Volume Due to New PRC-20 Standard

Polygon network is experiencing a significant surge in gas fees and transaction volumes following the introduction of the new PRC-20 token standard. PRC-20, akin to Bitcoin Ordinals' BRC-20, has propelled Polygon (MATIC) to record-high transaction fees and volumes in the past 48 hours. According to Polygonscan data, daily transactions

By Web3 Station 16 Nov 2023
CoinShares Considering Acquisition of Valkyrie

Big Cap

CoinShares Considering Acquisition of Valkyrie

CoinShares is considering acquiring Valkyrie, a move that would solidify its presence in the U.S. amid the heated cryptocurrency ETF frenzy. CoinShares is considering acquiring Valkyrie. Photo: Valkyrie Website Crypto asset manager CoinShares has announced its intention to purchase 100% of Valkyrie Investments' ETF fund, a key player

By Web3 Station 16 Nov 2023
Analysts Predict Bitcoin Could Reach $45,000 by End of 2023

Big Cap

Analysts Predict Bitcoin Could Reach $45,000 by End of 2023

Market demand for options and expectations of interest rates from the Fed could help sustain Bitcoin's (BTC) price momentum, potentially reaching $45,000 by the year's end. Analysts Predict Bitcoin Could Reach $45,000 by End of 2023 According to Markus Thielen, head of research at

By Web3 Station 16 Nov 2023
PancakeSwap Launches Gaming Marketplace, CAKE "Pumps" Strongly

DeFi

PancakeSwap Launches Gaming Marketplace, CAKE "Pumps" Strongly

Introduction At around 08:00 PM on November 14th (Vietnam time), the decentralized exchange (DEX) PancakeSwap officially launched its gaming marketplace. This new platform allows projects to build, launch, and update crypto and NFT-related games. 🎉 Introducing the PancakeSwap Gaming Marketplace – a GameFi Revolution with 1.5 Million potential players! 🏆 Featuring

By Web3 Station 15 Nov 2023
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