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Vitalik Buterin Shares Insights on Trade-Offs in Layer-2 Solutions

Big Cap

Vitalik Buterin Shares Insights on Trade-Offs in Layer-2 Solutions

Vitalik Buterin recently published a blog post explaining the differences between various Layer-2 solutions, alongside notes on potential risks associated with their implementation. Vitalik Buterin Shares Insights on Trade-Offs in Layer-2 Solutions The blog begins with Vitalik Buterin summarizing the current state of the Layer-2 market. Specifically, he notes a

By Web3 Station 01 Nov 2023
Circle to Cease Supporting Individual User Minting of Stablecoins

Big Cap

Circle to Cease Supporting Individual User Minting of Stablecoins

Circle, the second-largest issuer of the USDC stablecoin, will no longer support individual users in minting stablecoins. Circle will halt support for individual user minting of stablecoins. Image: Bitcoinist In an announcement on the evening of October 31, Circle, the entity behind the USDC stablecoin, stated that it will cease

By Web3 Station 31 Oct 2023
Tether Releases Q3/2023 Asset Report

Big Cap

Tether Releases Q3/2023 Asset Report

Tether, the largest issuer of stablecoin USDT, has published its latest asset verification report on the evening of October 31, summarizing the Q3/2023 period. According to the report, as of September 30, 2023, Tether holds assets totaling $86.3 billion, backing the 83.1 billion USDT in circulation. However,

By Web3 Station 31 Oct 2023
SOL Surges Over 18% on Updates from Solana Breakpoint 2023

Big Cap

SOL Surges Over 18% on Updates from Solana Breakpoint 2023

The Solana Breakpoint 2023 event, alongside several ecosystem updates, has been the driving force behind SOL's 18% increase over the past 48 hours. SOL Grows on Updates from Solana Breakpoint 2023 Ahead of this year's Solana Breakpoint event in Amsterdam, the event's X account

By Web3 Station 31 Oct 2023
TomoChain Rebrands to Viction (VIC)

Big Cap

TomoChain Rebrands to Viction (VIC)

TomoChain has announced a rebranding to Viction, with its token TOMO now renamed to VIC alongside several new updates. TomoChain Rebrands to Viction (VIC) On the afternoon of November 1, 2023, leading Vietnamese Web3 project Coin98 hosted a press conference to announce several significant updates within its ecosystem, emphasizing future

By Web3 Station 31 Oct 2023
Frax Finance Suffers DNS Spoofing Attack

DeFi

Frax Finance Suffers DNS Spoofing Attack

Summary On the morning of November 1, Frax Finance’s website was reportedly subjected to a DNS spoofing attack. The project has since issued warnings to its users. Key Highlights Please don’t use https://t.co/cADe5RLjqv and https://t.co/AcTF8hlzaS domains until further notice. If you know

By Web3 Station 31 Oct 2023
Coin98 Finance Rebrands to Ninety Eight, Establishes $25 Million Ecosystem Development Fund

DeFi

Coin98 Finance Rebrands to Ninety Eight, Establishes $25 Million Ecosystem Development Fund

Summary On the afternoon of November 1, 2023, Coin98 Finance, the developer of the Coin98 Wallet, announced its rebranding to "Ninety Eight" to better reflect its broader range of products and ambitious vision. Key Highlights * Rebranding to Ninety Eight: Coin98 Finance has officially changed its name to Ninety

By Web3 Station 31 Oct 2023
Onyx Protocol Hacked for 2.1 Million USD through Flash Loan Attack

DeFi

Onyx Protocol Hacked for 2.1 Million USD through Flash Loan Attack

Summary On the evening of November 1, 2023, blockchain security firm PeckShield reported a flash loan attack on the DeFi protocol Onyx Protocol, resulting in a loss of over 2.1 million USD. Details of the Attack The hacker exploited a rounding vulnerability in Onyx Protocol's codebase, which

By Web3 Station 31 Oct 2023
Backpack Wallet Set to Launch Licensed Crypto Exchange in Dubai

NFT & GameFi

Backpack Wallet Set to Launch Licensed Crypto Exchange in Dubai

The Backpack Exchange is poised to receive a license from Dubai’s Virtual Assets Regulatory Authority (VARA) and is expected to launch publicly in early 2024. Backpack Wallet Set to Launch Licensed Crypto Exchange in Dubai On the afternoon of October 31, 2023, the Web3 digital wallet project Backpack announced

By Web3 Station 31 Oct 2023
Celestia (TIA) Sets Mainnet Launch Date, OTC Price Surges Following Binance Listing

Big Cap

Celestia (TIA) Sets Mainnet Launch Date, OTC Price Surges Following Binance Listing

Modular blockchain Celestia is scheduled to launch its mainnet today. The TIA token is seeing active trading on the OTC market. Celestia (TIA) sets mainnet launch date, OTC price surges following Binance listing. Photo: Celestia website Celestia (TIA) Mainnet Launch Celestia has captured current attention as it prepares to launch

By Web3 Station 30 Oct 2023
Starknet Allocates 50 Million STRK Tokens to Community Contributors

Big Cap

Starknet Allocates 50 Million STRK Tokens to Community Contributors

The Starknet Foundation has announced plans to allocate 50 million STRK tokens to early ecosystem contributors of the network. Starknet allocates 50 million STRK tokens to the community. Photo: The Block The Starknet Foundation will earmark 50 million STRK tokens for early ecosystem contributors under the Early Community Member Program

By Web3 Station 30 Oct 2023
Ava Labs Proposes Astra Upgrade to Enhance Subnet Architecture on Avalanche

Big Cap

Ava Labs Proposes Astra Upgrade to Enhance Subnet Architecture on Avalanche

The Astra upgrade aims to improve the independent operation of Avalanche subnets from the main blockchain. Ava Labs proposes Astra upgrade to enhance subnet architecture Ava Labs, the developer behind Avalanche, has proposed phased architectural changes for subnets in an upgrade named Astra. The goal is to enhance the autonomy

By Web3 Station 30 Oct 2023
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