DeFi
Just days after discovering vulnerabilities in several pools on its platform, the DeFi protocol Balancer has become the latest target of hackers. Exploit Overview: * Initial Losses: On the evening of 27/08, Balancer confirmed a significant exploit, resulting in nearly $900,000 in damages. Blockchain security expert Meier Dolev traced
DeFi
Aave, a leading lending platform, has officially included sDAI in its collateral asset list. Users can now deposit sDAI into Aave and borrow WETH at a corresponding rate. Update Details: sDAI now on Aave, wETH borrow rates due to the new optimized interest curve is now the cheapest of any
Big Cap
Bitcoin's mining difficulty has reached a new all-time high (ATH) following its latest adjustment, hitting a milestone of 55.62 trillion hashes. Bitcoin Mining Difficulty Reaches New ATH. Image: Bloomberg According to data from various analytics sources, Bitcoin's network underwent its latest algorithm mining difficulty adjustment
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Leading the field in liquid staking, Lido Finance (LDO) has completed its final scheduled token unlock, bringing circulating tokens to 99.97% of the total supply. Lido (LDO) Unlocks 99.97% of Total Supply. Source: Lido Twitter According to data from Token Unlocks, Ethereum's top liquid staking protocol,
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PEPE project has officially addressed concerns over a recent series of token transfers to CEX exchanges, which left the community bewildered. PEPE Acknowledges Multi-Sig Wallet Transfers Tokens to Exchange Due to "Internal Discord" As reported by Coin68 early on August 25, the community was in turmoil following a
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September 2023 will see 16 projects unlocking tokens, totaling over $175.8 million, a significant decrease from the previous month. Notable Token Unlock Events in September 2023 According to Token Unlocks statistics, the cryptocurrency sector in the upcoming September will witness over $175 million worth of tokens being released into
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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
