Big Cap
The Ethereum network is witnessing a resurgence in inflation due to declining activity and minimal transaction fees. Ethereum Network Experiencing "Reverse Inflation" As previously explained by Coin68, Ethereum transitioned to the Proof-of-Stake consensus mechanism and staking after The Merge, drastically reducing new coin issuance by up to 90%
Big Cap
Ethereum Foundation has sold 1,700 ETH amidst growing concerns of inflation within the network and recent declines in activity. Inflationary Network, Ethereum Foundation Continues ETH Sales On the afternoon of October 9, 2023, on-chain data indicated that the Ethereum Foundation's labeled wallet address executed a swap of
Big Cap
Deribit, the largest Bitcoin options trading platform by market share, has announced plans to list Solana (SOL), Ripple (XRP), and Polygon (MATIC) starting January 2024. Deribit Options Exchange Lists SOL, XRP, and MATIC According to the latest announcement, cryptocurrency options trading platform Deribit will begin supporting three additional coins -
Big Cap
On the evening of October 6th, the Web3 community development platform Galxe fell victim to a hacker intrusion. Initial assessments suggest that this was a front-end takeover attack. Galxe Faces Front-End Attack On their website, Galxe announced that their project's website was no longer operational and that the
DeFi
Metis Passes Proposal to Integrate Data Availability on Ethereum Mainnet Introduction After a 7-day voting period, the Metis community has finally approved the proposal to integrate Data Availability (DA) directly into the Ethereum mainnet. Today is a good day🌿 The community has spoken, and Metis will go back to storing
DeFi
THORSwap Temporarily Suspends Swapping Services Over Hacker Money Laundering Issues Background As reported by Coin68, there has been a surge in concerns regarding the use of THORSwap for laundering money obtained from various high-profile hacks. These hacks include Stake.com, Atomic wallet, and the infamous FTX hack, where stolen assets
Big Cap
On October 5th, the Sui Foundation announced the allocation of 117 million SUI tokens to establish a new ecosystem development fund, valued at $51 million USD at the time of writing. The tokens were unlocked from Sui's Community Reserve and will not affect the current circulating supply. Sui
Big Cap
Binance's decision to cease BUSD lending and staking illustrates its phased "isolation" of BUSD leading up to February 2024. Binance Halts BUSD Lending and Staking Before October 25 According to an announcement on October 3, Binance will halt its lending, borrowing, and staking services for the
Big Cap
As part of its "Polygon 2.0" development roadmap, the Polygon ecosystem has deployed smart contracts for the POL token on the Goerli testnet. Polygon Deploys POL Token on Goerli Testnet Previously, the Polygon community proposed replacing the current MATIC token with a new token format, POL. However,
DeFi
Introduction The OP Stack toolkit by Optimism has recently integrated a trial Fault Proof mechanism on the OP Goerli testnet. This marks a significant step in ensuring the security and robustness of Layer-2 solutions. Details According to a post from OP Labs' X account, this is the first Fault
DeFi
Orbiter Finance Denies Rug Pull Accusations Introduction Cross-chain bridge Orbiter Finance has refuted rumors of a rug pull, citing a loss of access to their Discord account as the reason for delayed responses to the community. They assured that the project and user assets remain safe. Background On the evening
DeFi
Yield Protocol Announces Closure Introduction The fixed-rate lending protocol, Yield Protocol, has announced its decision to cease operations due to the challenging economic environment and increasing regulatory pressures in various countries. We’ve made the tough decision to wind down the Yield Protocol. The March 2024 fixed rate series will
