Big Cap
Amidst significant controversy since its launch, Worldcoin's retinal scan project token, WLD, has also moved downward, recording a 44% decline within 30 days of its release. Token WLD of Worldcoin Drops 44% One Month After Launch The identity verification project led by OpenAI's co-founder Sam Altman
Big Cap
The memecoin PEPE has plummeted nearly 16% in the past 4 hours following the discovery of a series of transactions transferring funds from the project's wallet to several major exchanges. Memecoin PEPE Price Drops Sharply Due to Series of Exchange Transfers. Image: The Block In the early hours
DeFi
1inch has announced the launch of its liquidity aggregation services across various decentralized exchanges (DEX) on the Base network. Expansion to Base: * Announcement Date: On the evening of 24/08/2023, 1inch Network, a prominent DeFi liquidity aggregator, announced the launch of its services on Base, an Ethereum Layer-2 scaling
DeFi
The development team has announced plans to transition Base to a fully decentralized model, moving away from exclusive control by Coinbase. Decentralization Plan: * Collaboration: Coinbase is working with the decentralized autonomous organization Optimism Collective and OP Labs to decentralize Base. However, no specific timeline has been provided for this transition.
DeFi
Security firm PeckShield has reported an exit scam by Magnate Finance, a lending project on the layer-2 network Base, resulting in a loss of $6.4 million. Magnate Finance's Rug Pull: * Event Details: On the afternoon of 25/08/2023, Magnate Finance executed an exit scam, siphoning approximately
DeFi
Following the increase in the Liquid Restaking limit to 100,000 Ethereum (ETH), EigenLayer’s Total Value Locked (TVL) experienced a significant surge within a few hours. Key Highlights: * TVL Growth: EigenLayer raised the restaking limit to 100,000 ETH (approximately $165 million). After this announcement, the platform's
DeFi
In an effort to address the vulnerabilities posed by flash loans in DeFi protocols, Quantstamp has unveiled a new tool designed to mitigate these risks. Combatting Flash Loan Exploits: * Tool Announcement: Quantstamp's latest offering, the Economic Exploit Analysis service, aims to detect and thwart potential flash loan attacks
DeFi
MakerDAO's recent decision to increase the DAI interest rate to 8% has become a focal point in the market, sparking both debate and excitement. Despite some controversial proposals, DAI is experiencing a resurgence, with its market cap exceeding $5 billion and boosting the Spark lending protocol to new
DeFi
PancakeSwap, a prominent decentralized exchange (DEX), has officially integrated with Linea, the seventh blockchain to support its services. Linea is a layer-2 solution developed by Consensys, the company behind the leading Web3 wallet, MetaMask. Integration Details: * Linea's Technology: As an Ethereum layer-2 solution, Linea is built with zkEVM
NFT & GameFi
To uphold the core value of creative work, NFT marketplace Rarible has announced it will maintain its royalty fee policy and start blocking secondary platforms that do not collect fees. Rarible's Permanent Royalty Commitment Amid ongoing debates about royalties, as NFT platforms navigate the prolonged downturn, Rarible has
Big Cap
Aevo, a recently launched derivative trading platform, has introduced futures contracts representing the "market capitalization" of accounts on the emerging social media app friend.tech. The FRIEND-PERP contract, tracking the "capitalization" index of accounts on the up-and-coming social networking app friend.tech, debuted yesterday (August 21)
Big Cap
Binance.US users can now use debit cards, credit cards, Google Pay, and Apple Pay to buy USDT. According to an announcement from Binance.US, in order to avoid disruptions in USD deposits and withdrawals as experienced previously, the exchange has collaborated with the payment platform MoonPay to facilitate swift
